Date
21 February 2020

World

  • 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...
  • Beijing cancels meeting after Abe shrine visit, Kyodo says

    Dec 27, 2013 6:31am
    Chinese Vice Premier Liu Yandong {劉延東} on Thursday canceled a meeting with a delegation of Japanese legislators in Beijing after Japanese Prime Minister Shinzo Abe visited the controversial Yasukuni Shrine earlier in the day, Kyodo news agency...
  • The Communist Party has banned party and government officials from visiting expensive private clubs. Photo: Bloomberg

    POLICY WATCH: Happy hour over for Chinese officials

    - Dec 27, 2013 6:30am
    China’s corruption tsars have opened a new front on their ongoing campaign against graft, calling time on visits by government and Communist Party officials to the country’s expensive private clubs. The officials are also banned from...
  • Three firms said to be caught up in vaccine scare, paper says

    Dec 26, 2013 3:05pm
    Three major Chinese vaccine producers were said to be involved in a hepatitis B vaccines problem that is believed to have caused the death of at least 11 babies so far, Beijing Times reported Thursday. Seven...
  • Abe shrine visit risks escalating China tensions, Bloomberg says

    Dec 26, 2013 2:46pm
    Shinzo Abe became the first sitting Japanese prime minister to visit the Yasukuni Shrine since 2006, risking an escalation in tensions with China, Bloomberg News reported Thursday. The appearance by Abe at the Tokyo shrine, which commemorates...
  • Shenzhen-Hong Kong tunnel built by smugglers found, AFP says

    Dec 26, 2013 2:09pm
    Mainland smugglers dug a concrete tunnel into Hong Kong equipped with lights, vents, steel reinforcements and even rails to transport goods, Agence France-Presse said Wednesday, citing Chinese media reports. The 40-meter-long (130 feet) path, just big enough...
  • Trade union gives free job help to 9.28 mln, report says

    Dec 26, 2013 11:39am
    China’s largest trade union said it gave 9.28 million people free employment help in 2013, Xinhua reported Tuesday. Chen Hao, vice chairman of the All-China Federation of Trade Unions, said the federation’s assistance during the year included providing...
  • Tibet poor to get cash subsidies for festivals, report says

    Dec 26, 2013 11:30am
    More than 435,000 low-income people in southwest China’s Tibet Autonomous Region will receive cash subsidies to celebrate three major festivals, Xinhua news agency reported on Tuesday. The assistance will be provided before Dec. 31 in time for...
  • 62% of Japan firms to pursue business plans in China, paper says

    Dec 26, 2013 10:47am
    Some 62 percent of Japanese firms in China will not change their production or purchase plans in Asia’s largest economy despite increased tensions arising from the territorial dispute between the two countries, the Nikkei Shimbun reported...
  • Zhejiang University official under probe, paper says

    Dec 26, 2013 10:40am
    A vice president of Zhejiang University has been arrested on suspicion of economic crime, China Youth Daily reported late Wednesday, citing unnamed sources. Chu Jian was arrested a month ago, the paper said, adding that the...
  • Beijing to complete APEC conference venue by June, report says

    Dec 26, 2013 9:37am
    Construction of the conference venue for the 2014 Asia-Pacific Economic Cooperation (APEC) summit will be completed by the end of June 2014, Chinese state media reported, citing the Huairou district government in Beijing. Huairou will work with...
  • Key section of water diversion project completed, Xinhua says

    Dec 26, 2013 9:24am
      Major construction work on the middle route of China’s water diversion project has been completed, Xinhua news agency reported Wednesday, citing an announcement by the project construction committee. The project, one of the country’s largest infrastructure...
  • Gains made in rural anti-poverty fight, report says

    Dec 26, 2013 8:42am
    The number of rural poor in China is estimated to have dropped by nearly 67 million from 2010 to 2012, Xinhua news agency reported Wednesday, citing a State Council report. By the end of 2012, there were...
  • Official urges reform to fight judicial corruption, report says

    Dec 26, 2013 8:41am
    A senior Communist Party of China (CPC) official has called for reforms to fight corruption in the country’s judicial system, Xinhua news agency reported Wednesday. Speaking at a meeting of the commission, Meng Jianzhu, chief of the...
  • Guangzhou public revenue seen up 13.3% this year, paper says

    Dec 26, 2013 8:08am
    The Guangzhou municipal government is expected to see its public budget revenue at 112.5 billion yuan (US$18.53 billion) this year, up 13.3 percent from a year earlier and above the preset target of 13 percent growth,...
  • CPC issues five-year plan to fight corruption, Xinhua says

    Dec 26, 2013 8:08am
    The Communist Party of China (CPC) has vowed to firmly fight corruption and maintain its “high-handed posture” in the next five years, the official Xinhua news agency reported, citing a a five-year (2013-2017) plan issued by the...