According to statistics released by the Beijing Health Bureau on February 8, 11 people in Beijing were infected with the H1N1 virus during the Spring Festival period. There have been 195 infections and four deaths from the H1N1 flu in Beijing in 2011.
To cope with droughts in northern China, the State Office of Flood Control and Drought Relief Headquarters will ensure daily water supply for residents in six Northern provinces, provide drought victims with 1.2 billion yuan in subsidies, and accelerate t
Huang Shuhe, deputy director of the State-owned Asset Supervision and Administration Commission (SASAC), has encouraged centrally-owned enterprises (COEs) to take advantage of the central government's favorable policies to further develop their presence i
The China Banking Regulatory Commission (CBRC) released a new set of regulations that govern the issuing of credit cards by Chinese commerical banks yesterday. The new rules further clarify that banks are not permitted to charge customers account fees on
Some banks have stopped issuing news loans as their loan quotas for January have been used up, an insider told a reporter with the China Securities Journal.
Chinese banks registered a surplus of 397.7 billion US dollars in their foreign exchange transactions with clients, up 50.93% on the level of the previous year, according to statistics published by the State Administration of Foreign Exchange (SAFE). Chin
Second-home buyers will face a down payment of 60% and mortgage rates of at least 1.1 times the basic interest rate. The measure was decided during the executive meeting of the State Council on January 26, and is aimed at controlling inflated property pri
The Taiwanese government will permit Chinese billionaire Chen Guangbiao to make cash donations of 110 million yuan in nine local cities and counties. Chen’s prospective donation has sparked widespread debate in Taiwan. Critics believe he is “just showing
The international price of oil has dropped 6.6 percent in just five trading days. Some insiders predict that the central government will adjust the domestic price of oil after the Spring Festival.
In compliance with a changing development model, many provinces, including Guangxi, Inner Mongolia, Sichuan and Beijing, will decrease their target GDP growth rate during the 12th Five-Year Plan period. The average annual GDP growth rate of Guangxi was 13
Trust companies, lease companies, and finance companies in China will be required to examine their outstanding mid- and long-term loans and submit a report to the China Banking and Regulation Commission (CBRC). The institutions will be required to provide
China's National Development and Reform Commission (NDRC), the peak central-government body responsible for economic planning, has announced that in response to media reports, it's investigated allegations of price manipulation at various branches of the
The Chinese Securities Journal reported that some banks have raised the interest rates charged on new loans by anywhere between 10 and 45%, according to an anonymous source from a major bank. The increase is due to banking regulators enforcing a monthly l
In 2010, 30 provinces lifted their minimum wages by an average of 22.8%. Shanghai now has the highest monthly minimum wage of 1,120 yuan per month while Beijing has the highest hourly minimum wage of 11 yuan per hour.
27 of the 29 food products monitored in 50 cities witnessed a price jump in the middle of January, according to the National Bureau of Statistics. For example, the surge in vegetable prices has been especially apparent. This is due to the freezing weather
Chongqing Municipality will offer ten rates of property tax according to which neighborhoods they are in, according its Mayor Huang Qifan. Huang Qifan stated that if the property tax is raised to 3%, housing speculation will no longer exist.
Chongqing has raised its target GDP growth rate to 13.5%, making it the highest target rate released so far. More than 20 development plans have been released. GDP growth targets of central and western provinces are higher than the target rates of the eas
The trail for the forced expropriation case in Taiyuan City involving the death of one resident began today. Two local officials are thought to be responsible for the death, but will not be tried in court. Meng Jianwei, son of the victim, has been microbl
According to a posting to the official website of the State Administration of Foreign Exchange (SAFE), since the establishment of the Qualified Domestic Institutional Investor (QDII) scheme in 2006, which allows certain Chinese financial institutions to i
The State Administration of Foreign Exchange (SAFE) has required its Wenzhou subsidiary to halt its pilot program for direct individual investment in foreign countries. Zhou Xiaoping, director of the foreign economics department of the Wenzhou Foreign Eco
