Date
13 December 2019

World

  • Japan mulls more duty-free goods to lure tourists, CNS says

    Dec 11, 2013 8:59am
    Japan’s ruling Liberal Democratic Party will propose parliament expand the range of duty-free items in a bid to attract more overseas tourists and stimulate domestic consumer demand, China News Service reported Tuesday, citing unidentified Japanese media....
  • SASAC eyes new platforms for SOE management, paper says

    Dec 11, 2013 8:35am
    China’s State-owned Assets Supervision and Administration Commission (SASAC) may introduce three separate platforms for supervision and management of state-owned capital, the China Securities Journal reported Wednesday. The state assets regulator may also establish up to a dozen...
  • Swiss lower house passes trade pact with China, Xinhua says

    Dec 11, 2013 8:09am
    Switzerland’s lower house, the National Council of the Federal Assembly, has ratified a free trade pact with China and rejected calls to put it to a referendum, Xinhua reported Tuesday. The pact will be put to...
  • Shanghai beats HK as most competitive Chinese city, Xinhua says

    Dec 11, 2013 7:36am
    Shanghai has overtaken Hong Kong to become the most competitive city in China, thanks to the establishment of its free trade zone, the official Xinhua news agency reported Tuesday, citing a report released by the China...
  • Govt vows to break up regional monopolies, Xinhua says

    Dec 11, 2013 6:59am
    The government has unveiled an action plan to break up market monopoly, industrial monopoly and regional blockades as part of efforts to give the market a decisive role in allocating resources, Xinhua news agency reported late Tuesday,...
  • Shark fin and bird's nest soup have been banned from menus at Chinese official receptions. Photo: Bloomberg

    POLICY WATCH: Fresh frugality drive as festive season nears

    - Dec 11, 2013 6:30am
    As the holiday season approaches, China’s leaders have sent a fresh reminder to government and Communist Party officials of the need to curb extravagance and wasteful expenditure on things such as receptions, banquets and travel.  Carrying...
  • State Council cancels, delegates 68 approval rights, govt says

    Dec 11, 2013 6:17am
    The State Council has canceled or delegated 68 administrative approval rights, including those on the issuance of coal production and business operation permits, according to a statement on the government website Tuesday. A proposal to cancel...
  • Janet De Silva, dean of business school Ivey Asia

    A world of career choice for Chinese executives

    - Dec 11, 2013 6:00am
    The hunt is on. Western multinationals and Chinese firms are on a quest to recruit top-tier mainland executives to either cement their mainland presence or advance their global push, opening up a world of career choice for...
  • Tencent to invest 10 bln yuan in Qianhai, Ma says

    Dec 10, 2013 6:14pm
    Tencent Holdings Ltd. (00700.HK), a Shenzhen-based internet giant, will invest at least 10 billion yuan (US$1.63 billion) to develop e-commerce and internet finance businesses in Qianhai, chief executive Pony Ma said. He did not mention a...
  • Cross-strait economic meeting opens in Taipei, report says

    Dec 10, 2013 2:58pm
    The fifth regular meeting of the Cross-Strait Economic Cooperation Committee (ECC) opened in Taipei on Tuesday, Xinhua news agency reported. Zheng Lizhong, convener of the ECC on the mainland and executive vice president of the mainland’s Association...
  • Hubei judge sacked over video with alleged mistress, SCMP says

    Dec 10, 2013 2:56pm
    A senior judge in Hubei province has been sacked after a video emerged online showing him entering and leaving a hotel with his alleged mistress, the South China Morning Post reported Tuesday. Zhang Jun, who headed the...
  • Local govts finalizing SOE reform plans, paper says

    Dec 10, 2013 1:36pm
    Local governments are rushing to put the finishing touches to reform plans for state-owned enterprises (SOEs), Shanghai Securities News reported Tuesday. These include Shanghai, Shenzhen, Chongqing, Wuxi, Guangdong province and Shandong province. The reform is part...
  • Ministry clamps down on farmland misuse, CNS says

    Dec 10, 2013 10:46am
    The Ministry of Land and Resources will ban the “borrowing” of farmland for non-agricultural uses, with reports of misuse on the rise in recent years, China News Service reported Monday. As of the end of 2011,...
  • Guangdong sets targets for foreign investment, paper says

    Dec 10, 2013 10:18am
    Guangdong province aims to attract more than US$75 billion in foreign investment between 2013 and 2015, with that direct investment to account for over 45 percent of the province’s total by 2015, the China Securities Journal...
  • ROHM to fight 12 bln yen profit tax claim, Kyodo says

    Dec 10, 2013 8:45am
    Japanese semiconductor manufacturer ROHM Co. Ltd. said it will lodge a petition in China and Japan against claims by the Chinese tax authorities that its Dalian unit failed to declare income tax on 12 billion yen...
  • Govt plans up to 1.6 trln yuan farmland investment, Xinhua says

    Dec 10, 2013 8:12am
    China plans to invest between 800 billion yuan (US$131.73 billion) and 1.6 trillion yuan from now until 2020 to develop high-quality farmland that can ensure stable yields even amid drought or excessive rain, the official Xinhua...
  • Minister sees big room for consumer market growth, Xinhua says

    Dec 10, 2013 7:37am
    Commerce Minister Gao Hucheng said the country’s consumer market has a big room to grow amid robust demand, particularly in some service sectors such as elderly care, tourism and culture, the official Xinhua news agency reported Monday....
  • Debt crisis seen fueling Sino-EU trade frictions, website says

    Dec 10, 2013 6:54am
    The debt crisis in certain European countries has led to increasing trade frictions between China and the European Union, Chinanews.com reported late Monday, citing Ma She, a senior official of the Department of European Affairs of...
  • China GDP seen rising 7.8%, CPI up 2.8% next year, paper says

    Dec 10, 2013 6:35am
    China’s gross domestic product is likely to grow 7.8 percent in 2014, compared with the 7.7 percent rise forecast for this year, the China Securities Journal reported Monday, citing a macroeconomic report released by the National...
  • Local govt debt eyed as key performance indicator, Xinhua says

    Dec 10, 2013 6:33am
    Local government debt will be used as an important performance indicator when evaluating local leadership, the official Xinhua news agency reported Monday, citing a notice sent out by the Organization Department of the Communist Party’s Central Committee....