china-policy

Chongqing aims to develop into a financial center by 2015

24 Apr 2009 09:35:21 GMT

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...

China to invest RMB 65 bln in rural infrastructure

23 Apr 2009 08:46:36 GMT

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...

China may launch 3rd round of stimulus investment in Q2

22 Apr 2009 09:28:21 GMT

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...

Shanxi approves metallurgical industry stimulus plan

22 Apr 2009 02:55:16 GMT

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...

A Big Umbrella: Chinese Healthcare Reform

20 Apr 2009 01:47:37 GMT

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.

Aisa: Beyond Borders

20 Apr 2009 01:44:47 GMT

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.

Yuan Goes Global

20 Apr 2009 01:32:05 GMT

Five cities participate in a trial program to settle overseas trade in renminbi, bringing the currency a step closer to becoming global

China to create 1.5 mln new IT sector jobs under new stimulus plan

17 Apr 2009 03:19:25 GMT

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...

CBRC to launch new rules to regulate credit flows

17 Apr 2009 02:47:29 GMT

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,...

Happy or Unhappy Is the Question

17 Apr 2009 01:38:06 GMT

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.

Beijing drivers compensated for traffic restrictions

16 Apr 2009 10:00:42 GMT

Starting today vehicle owners in Beijing will receive a partial refund of road maintenance fees to compensate for restrictions on car use in the capital imposed during and after the Beijing Olympics.

China to build 90-day emergency petroleum reserve

15 Apr 2009 06:03:19 GMT

China plans to build up emergency petroleum reserves to supply the country for 90 to 100 days said Zhang Guobao, head of China's National Energy Administration (NEA), in a newsletter published yesterday by of China National Petroleum Corp, the Shanghai Daily reported, According to customs data released last...

BOC preparing for RMB settlement experiment

15 Apr 2009 03:08:18 GMT

Bank of China (BOC)<601988><3988>, one of the Big Four state-owned banks in China, said yesterday that its Shanghai branch is actively preparing for the pilot program that will use the Chinese currency, RMB, instead of the U.S. dollar in foreign trade settlements.The lender said that its RMB-based settlement...

Foreign tour prices to rise under new regulations

15 Apr 2009 02:49:12 GMT

Travel agencies in China will cancel cheap tours that involve additional-fee activities and shopping programs after the launch of the Regulations on Travel Agencies on May 1, China Central Television reports.

Three Gorges Dam post-construction plan

15 Apr 2009 02:43:03 GMT

The construction of the massive Three Gorges Hydropower Project is in its final stages with the project due to complete in November 2009. Attention is now shifting from construction to operational management and detailed work on post construction plans is in full swing.

The government is weighing the timing of readjusting its tax policy on fossil fuels

15 Apr 2009 01:39:00 GMT

What if the resource tax on minerals was lifted? "It might dampen the performance of resource-related enterprises, giving rise to more operational problems," said Wu Qiang, a professor at Beijing Technology and Business University.

China mulls new stimulus measures to boost consumption

15 Apr 2009 01:17:16 GMT

The Chinese government is working on a new stimulus package to promote consumption despite the better-than-expected economic data in the first quarter, the China Securities Journal reported on Monday, citing Gao Huiqing, a senior researcher at the State Information Center under the nation's top planning...

China to maintain moderately relaxed monetary policy

13 Apr 2009 09:20:47 GMT

The People's Bank of China, or the central bank, said in a statement that the country will continue its moderately relaxed monetary policy and keep sufficient liquidity in the banking system to satisfy the need of the country's economic development amid the global economic recession....

Compliance to New International Trade Rules

13 Apr 2009 01:48:18 GMT

U.S. trade policy is changing. Are you ready?

For the Common Good

13 Apr 2009 01:20:38 GMT

The G20 London summit's generous rescue plan is good news for the world economy

The China Advantage

13 Apr 2009 01:18:51 GMT

Economists believe the country will benefit from the implementation of common understandings reached during the G20 summit

Growth in the Making - The Launch of GEM

13 Apr 2009 01:14:13 GMT

China will introduce a Growth Enterprise Market to help small innovative businesses ride out the liquidity crisis

World's Talent Magnet

10 Apr 2009 01:49:22 GMT

Eligible candidates will be 55 years old or younger, and the government will consider any nationality

China Exim Bank plans to complete restructuring this year

9 Apr 2009 08:05:22 GMT

China Export-Import Bank (China Exim Bank), one of China鈥檚 policy-oriented banks, intends to complete restructuring in 2009, the National Business Daily reported Wednesday, citing Zhu Xinqiang, the lender's vice governor.Zhu said the bank's restructuring work is in progress, and in its initial stage, without giving...

Lanzhou starts RMB 370-mln LNG project

9 Apr 2009 02:41:29 GMT

Chinese stocks opened slightly lower on Thursday, extending yesterday's losses.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened slightly lower at 2,345.01, down 0.10% or 2.38 points from Wednesday.The Shenzhen Component...

CCB to extend RMB 120 bln in credit to Shaanxi

9 Apr 2009 02:41:29 GMT

China Construction Bank Corp (CCB)<601939><939>, one of the country's Big Four state-owned commercial banks, on Tuesday signed a memorandum of understanding (MOU) with the provincial government of Shaanxi, to extend an RMB 120 billion credit line to the province in the next three years, the...

China's first overseas investment fair to be held in Nov

7 Apr 2009 06:59:29 GMT

China will hold the first China Overseas Investment Fair from November 3 to November 4 at the China World Trade Center to help Chinese firms to invest overseas, the official Xinhua News Agency reported. The organizer, the China Industrial Overseas Development & Planning Association (CIODPA), an...

German NUK baby powder products being investigated in China

7 Apr 2009 04:17:14 GMT

The NUK baby powder, which reportedly contains carcinogen asbestos, has been ordered to halt sales in China, said the General Administration for Quality Supervision, Inspection and Quarantine (GAQSIQ) on Sunday.Suzhou Debao Baby Supplies Co Ltd, a major distributor of NUK baby products, has recalled the...

Schumpeterian Economics For 'Chindia'

7 Apr 2009 01:56:20 GMT

China should look to India for lessons on nurturing its entrepreneurs.

Premier: maintaining economic stability a prime job

23 Dec 2008 07:46:56 GMT

CHONGQING, Dec. 22 (Xinhua) -- Premier Wen Jiabao has called it a prime job to maintain a stable and relatively fast economic development and take more direct, powerful and effective measures to implement central policies on increasing domestic demands and promoting economic growth in a substantial way.