20 July 2019


  • Customers buy products at a supermarket in Huaibei

    The Big Picture: INFLATION OUTLOOK

    Nov 11, 2013 8:31am
    China’s consumer price index (CPI) rose 3.2 percent in October from a year earlier, marking the fastest pace in eight months, the National Bureau of Statistics (NBS) said Saturday. A 6.5 percent year-on-year gain in food...
  • Think tank urges nationwide property tax in 2015, paper says

    Nov 11, 2013 7:22am
    A research team under the China Center for International Economic Exchanges (CCIEE), a government-backed think tank, urged the central government to implement the property tax nationwide in 2015, the China Securities Journal reported Monday, citing a CCIEE...
  • CPC kicks off key economic policy meeting, Xinhua says

    Nov 11, 2013 7:10am
    The Communist Party of China (CPC) kicked off a key policy meeting in Beijing on Saturday, with a discussion on deeper economic reforms at the top of the agenda, Xinhua news agency reported the same day. The...
  • Retails sales up 13% in Jan-Oct, Xinhua says

    Nov 11, 2013 7:00am
    China’s retail sales in the 10 months to October grew 13 percent to 19.03 trillion yuan (US$3.1 trillion) from a year earlier, the official Xinhua news agency reported on Saturday, citing data from the National Bureau...
  • As the gift-giving season approaches

    POLICY WATCH: When you care enough to send the very best, don’t!

    - Nov 11, 2013 6:41am
    What’s wrong with sending greeting cards? A lot of things, if you’re a government official or a boss at a state-owned enterprise, according to the Communist Party’s anti-graft watchdog. On Nov. 1, the Central Commission for Discipline...
  • Banks can top up capital via China bond sales, CSRC says

    Nov 8, 2013 6:25pm
    China’s commercial banks will be able to more freely replenish their capital by selling domestic corporate bonds, the China Securities Regulatory Commission (CSRC) said in a joint statement with the China Banking Regulatory Commission on Friday,...
  • Local govts told to stop direct investment in firms, Xinhua says

    Nov 8, 2013 4:10pm
    Premier Li Keqiang {李克強} has urged local governments to stop making direct investments in companies or meddling with their day-to-day operations, the official Xinhua news agency reported on Friday. Speaking in a recent teleconference, Li stressed on...
  • Chinese man detained over fatal Taiyuan explosions, Xinhua says

    Nov 8, 2013 2:14pm
    Police have detained a 41-year-old ex-convict over explosions that killed one person and injured eight others in northern China’s Shanxi province earlier this week, the official Xinhua news agency reported on Friday. Feng Zhijun, a resident of...
  • BofA Merrill Lynch tips slower 4Q GDP growth, Xinhua says

    Nov 8, 2013 11:30am
    China’s economic growth rebounded in the third quarter to 7.8 percent, but is expected to dip to 7.7 percent in the fourth due to depletion of excess inventory, Xinhua reported Thursday, citing Lu Ting, head of...
  • Consumption tax reform to spur local investment, website says

    Nov 8, 2013 10:47am
    The central government will turn over collection of consumption tax to local governments under a reorganization plan backed by the State Administration of Taxation, information provider reported Thursday, citing unnamed sources. The reform allows consumers...
  • Taiwan Oct exports down 1.5% at US$26.1 bln, statement says

    Nov 8, 2013 10:16am
    Taiwan’s exports in October dropped 1.5 percent to US$26.12 billion from a year earlier, the second monthly dip in a row, the island’s finance ministry said in a statement on Thursday. Yeh Maan-tzwu, director general of...
  • General City Scenes As China Urges Economic Policy Implementation to Spur Rebound

    The Big Picture: WATER PRICING

    Nov 8, 2013 8:24am
    Under a new nationwide pricing mechanism designed to reduce water wastage, China will make heavy users of the vital resource pay more, a senior official reiterated Thursday. Guo Jianying {郭劍英}, deputy inspector of the price department of...
  • Hundreds of smuggling cases uncovered, website says

    Nov 8, 2013 8:08am
    Chinese authorities have uncovered 700 smuggling cases worth a combined 13.2 billion yuan (US$2.17 billion) during July to October, news portal reported Thursday, citing government sources. The cases involved 2.8 billion yuan of unpaid taxes by 368 export firms,...
  • Shanghai FTZ given three years to undertake reforms, paper says

    Nov 8, 2013 7:58am
    The State Council is said to have given the Shanghai Free Trade Zone a period of three years to implement 72 reforms and establish a system that could be replicated outside the zone to contribute to...
  • Govt to keep growth within reasonable range, website says

    Nov 8, 2013 7:09am
    Premier Li Keqiang {李克強} said the government will keep economic growth within a reasonable range while pursuing reform, state-backed web portal reported Thursday. The economy is so big any significant volatility will make its development hard to sustain...
  • Shanghai PM2.5 density nearly 4 times China limit, paper says

    Nov 8, 2013 6:55am
    Shanghai experienced this autumn’s first heavily polluted day on Thursday with the PM2.5 density nearly four times the national limit, Shanghai Daily reported. The reading for the airborne particulates with diameter of 2.5 micrometers or less...
  • US firm banned after poor Chinese audits, WSJ says

    Nov 8, 2013 6:51am
    United States regulators have banned a New York firm and four of its employees from auditing public companies after they failed to properly audit three US-listed Chinese firms, the Wall Street Journal reported Thursday. The sanctions against Sherb...
  • Deutsche Bank gets nod for FTZ, paper says

    Nov 8, 2013 6:41am
    Deutsche Bank (China) has received approval to open a sub-branch in the Shanghai free trade zone, Shanghai Daily reported Friday. The unit will offer cross-border corporate banking services. The bank sees new opportunities for FTZ players that can...
  • Li Keqiang pushes Sino-US investment pact, Xinhua says

    Nov 8, 2013 6:25am
    Chinese Premier Li Keqiang is hopeful of progress in talks on a bilateral investment treaty with the United States, the official Xinhua news agency reported Friday. He called for a level playing field for Chinese investors in...
  • Police vow to safeguard Tibet stability, website says

    Nov 7, 2013 3:08pm
    Security forces in Tibet vowed to safeguard the stability of the autonomous region, government-backed reported Wednesday, citing a police conference in Nagqu Prefecture. The security forces also held a military exhibit during the meeting. – Contact...

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