Chongqing, a Chinese city in the upper reaches of the Yangtze River, has just launched its RMB 30 billion (US$4.4 billion) Chongqing Financial Center project as part of its effort to become a financial center by 2015.The first commercial real estate project for the financial sector, to be located in the Jiangbeizui...
the State Council, or China's Cabinet, said Wednesday in a meeting that the central government will put RMB 65 billion (US$9.5 billion) towards infrastructure and services in rural areas to help farmers deal with the economic recession.The infrastructure investment will center on construction of facilities for education...
The Chinese government is likely to launch its third batch of investments under its RMB 4-trillion stimulus package in the second quarter to further promote China's economic growth, the China Securities Journal on Tuesday, quoting an unnamed source.The source said that third round of investment, expected to be...
The Shanxi provincial government last week approved a stimulus plan for the metallurgical industry in the province, the First Financial Daily reported.Under the stimulus plan, the existing over 200 iron and steel enterprises in Shanxi, Northwest China, will be consolidated to around 10 large firms so as to enhance...
Chinese healthcare reform plan pledges universal coverage. China unveiled healthcare reform blueprints on April 6 that outline changes over the next decade meant to fix the country's ailing medical system and to ensure fair and affordable services for all citizens.
As the global financial crisis continues to spread worldwide, its impact on the member states of the Association of Southeast Asian Nations (ASEAN) and the ASEAN Plus Three countries-China, Japan and South Korea-is deepening, according to a semi-annual report recently released by the East Asian Economic News of the World Bank.
Five cities participate in a trial program to settle overseas trade in renminbi, bringing the currency a step closer to becoming global
The State Council, or China's Cabinet, approved the stimulus plan for the electronics and IT sector, under which the sector is expected to create over 1.5 million new jobs during the next three years, according to a document released on the government's Website on Wednesday.The total 1.5 million new jobs will...
China Banking Regulatory Commission (CBRC) will soon launch new detailed rules to regulate flow of the country's soaring loans, according to industry insiders.Considering domestic lenders' higher-than-expected credit amount in the first quarter of this year, the banking watchdog has drafted four new rules,...
A nationalist bestseller stirs controversies in China with many calling for more realistic thinking...The popularity of Unhappy China: The Great Time, Grand Vision and Our Challenges, released on March 12, has far surpassed the expectations of its promotion company Kong Hong (Beijing) Book Co. Ltd.