Date
16 October 2018

World

  • Sinopec profit up 10 bln yuan, Xinhua says

    Dec 30, 2013 8:39am
    Profits of oil giant China Sinopec increased more than 10 billion yuan (US$1.6 billion) in the first 11 months, Xinhua reported Sunday, citing State-owned Assets Supervision and Administration Commission deputy chairman Huang Shuhe. Huang said 11 companies, including China...
  • China to curb price irregularities in holiday season, paper says

    Dec 30, 2013 8:17am
    China will take measures to clamp down on price irregularities during the New Year and Spring Festival holiday season, China News Service reported Monday, citing the National Development and Reform Commission. Travel and tourism, car washing,...
  • China set for 7% rise in imports-exports, paper says

    Dec 30, 2013 8:00am
    The Ministry of Commerce expects China’s imports and exports to total US$4.14 trillion for 2013, an increase of more than 7 percent year on year, Guangzhou Daily reported Saturday, citing Commerce Minister Gao Hucheng {高虎城}. Services...
  • SASAC trains sights on substandard SOEs, CNS says

    Dec 30, 2013 6:50am
    The State-owned Assets Supervision and Administration Commission is stepping up assessments of state-owned enterprises and will inflict tough penalties on those that don’t meet standards or that continue to make losses, China News Service reported Sunday,...
  • Sichuan PPCC chairman under investigation, govt says

    Dec 30, 2013 6:33am
    Li Chongxi {李崇禧}, chairman of the Sichuan provincial committee of the People’s Political Consultative Conference, is under investigation for suspected serious violations of law and discipline, according to a statement posted Sunday on the website of...
  • China plans to extend the retirement age amid concerns about a shrinking workforce. Photo: Bloomberg

    POLICY WATCH: Rethinking the retirement age

    - Dec 27, 2013 4:44pm
    Abundant supply of cheap labor has been instrumental in China’s rapid ascent on the global economic stage in the past couple of decades. But now the nation is finding that the advantage is being eroded slowly...
  • Subsidy raised for couples who lost only child, paper says

    Dec 27, 2013 2:12pm
    Parents who have lost their only child will get more compensation and enjoy other benefits such as preferential access to rest homes and housing, China Daily reported on Friday, citing an announcement by the National Health...
  • Ministry to tighten land-use policy, website says

    Dec 27, 2013 12:20pm
    The Ministry of Land and Resources will pursue a “prudent” land-use policy in 2014 by tightening up on designated purposes for the resource, news website caijing.com.cn reported Thursday, citing a blueprint published by the Chinese Academy of...
  • College enrollment reform plan to be unveiled in 1H, report says

    Dec 27, 2013 12:06pm
    The Ministry of Education will unveil a master plan to reform college enrollment in the first half of 2014, Xinhua news agency reported Thursday, citing a ministry spokeswoman. The blueprint, part of the decisions made during a...
  • China urbanization rate seen at 60% by 2018, Xinhua says

    Dec 27, 2013 11:57am
    China’s urbanization rate is expected to reach 60 percent by 2018 at the current pace of that process, according to a blue book released Thursday by the Chinese Academy of Social Sciences, Xinhua news agency reported....
  • National political advisor probed on corruption, Xinhua says

    Dec 27, 2013 11:30am
    Yang Gang, a national political advisor, is under investigation for “suspected serious law and discipline violations”, the official Xinhua news agency reported on Friday, citing a statement posted on the website of Communist Party’s Central Commission...
  • China, S Korea to hold economic meeting Monday, Yonhap says

    Dec 27, 2013 9:53am
    Top economic officials from China and South Korea are set to hold their twelfth meeting on Monday in Seoul, Yonhap news agency reported Thursday, citing South Korea’s Ministry of Strategy and Finance. Xu Shaoshi, head of China’s National...
  • Xi says Mao not a god but a great hero, Xinhua reports

    Dec 27, 2013 9:39am
    President Xi Jinping said on Thursday the Communist Party of China will continue to be guided by Mao Zedong Thought in pursuing the nation’s rejuvenation, the official Xinhua news agency reported. Commemorating the 120th birth anniversary...
  • China to become largest economy in 15 years, report says

    Dec 27, 2013 9:27am
    China is expected to overtake the United States in 15 years to become the world’s largest economy, Xinhua news agency reported Thursday, citing a research study. The London-based Center for Economics and Business Research (CEBR) said in...
  • Former senior publishing official expelled from CPC, report says

    Dec 27, 2013 8:37am
    Qi Pingjing {齊平景}, former deputy director of the China Foreign Languages Publishing Administration, has been expelled from the Communist Party of China, Caixin.com reported Friday, citing the CPC Central Commission for Discipline Inspection (CCDI). A CCDI...
  • Forex reserves eyed to help equipment exporters, paper says

    Dec 27, 2013 8:22am
    China is considering using its foreign exchange reserves to help finance exporters of large equipment, the China Securities Journal reported Friday, citing the commerce ministry. The assistance will help equipment manufacturers expand globally and promote the...
  • China rules out extra-budgetary expenditures in 2014, paper says

    Dec 27, 2013 8:14am
    China has no plans to increase its extra-budgetary fiscal expenditures in 2014 and will continue revitalize treasury stock funds, the China Securities Journal reported Friday, citing Finance Minister Lou Jiwei {樓繼偉}. The government will strictly control...
  • Eighty-nine trade remedy probes against China, ministry says

    Dec 27, 2013 8:00am
    Nineteen countries and regions launched a total of 89 trade remedy investigations (TRI) against China this year as of Dec. 24, the Ministry of Commerce said in a statement on its website Thursday. Total amount involved...
  • Social insurance fund income seen up 14.8%, Xinhua says

    Dec 27, 2013 7:44am
    The Ministry of Human Resources and Social Security said it expects the social insurance fund income from five insurance schemes to grow 14.8 percent to 3.32 trillion yuan (US$547.408 billion) this year from 2012, while expenses are...
  • VAT helps firms save 140 bln yuan in tax payments, Xinhua says

    Dec 27, 2013 6:53am
    China’s move to replace business tax with value-added tax has helped enterprises save a combined 140 billion yuan (US$23.08 billion) in tax payments in 2013, the official Xinhua news agency reported Thursday, citing data from the...

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