To alleviate ever worsening traffic congestion on the capital's roads, the Beijing government has released a list of measures including the introduction of congestion fees in certain areas, halting the purchase of government cars for the next five years a
Leaders of China's ruling Communist Party decreed that they would continue to maintain the current "proactive" fiscal policy but shift monetary policy away from the previous "moderately loose" to a "prudent" setting next year at the close of this year's C
Police have officially arrested a man suspected of being involved in the explosion that injured an American near Beijing's Dongzhimen subway station on October 21 this year. Lei Sen, a 21 year-old man from Peng'an County in Sichuan Province was first deta
The People's Bank of China, the country's central bank, posted a notice to its official website at about 6pm this evening announcing that it had decided to increase the reserve ratio of deposit-taking financial institutions by 0.5 percentage points, as of
The National Development and Reform Commission has announced that a tax incentive introduced to encourage the purchase of small cars will come adjusted at the beginning of next year. The government cut the purchase tax on small vehicles from 10 percent to
Yesterday, the Deputy Director of the Ministry of Finance's Financial Research Institute Su Ming stated that China will continue to carry out a proactive fiscal policy and that central budget deficits will be further expanded this year. He also said that
The State Council has issued a notice titled "Suggestions for a Mechanism for the Establishment and Regulation of Medicine Prices." The 15 measures included in the suggestions include standardizing prices and centralizing the acquisition and distribution
The 2010 China Economic Work Conference began today in Beijing. According to Zhou Tianyang, Deputy Director of the Research Committee at the Central Party School, this year's meeting will focus on increasing domestic demand, curbing inflation and ensuring
Huang Yao, former Chairman of the Guizhou Provincial People's Political Consultative Conference, was sentenced to death, with a two year reprieve, and deprived of political rights for life by Chengdu's Intermediate People's Court earlier this morning. Hua
The central bank will stop issuing three-year bills tomorrow. The decision has fueled expectations of new interest rate hikes and higher reserve ratio requirements. This is the first time in eight months that the central bank has halted sales on three-yea
According to notice released by the offices of the CPC Central Committee and the State Council, ministerial officials and their provincial counterparts will undergo mandatory audits; the results of the audits will play a role in evaluating their political
Wuhan City in Hubei Province plans to construct a building 606 meters high. The high-rise will become world's third tallest building behind the Dubai Tower (800 meters) and the Shanghai World Financial Center (632 meters).
The executive meeting of the State Council held yesterday revised insurance policies pertaining to work-related injuries, raising the compensation for work-related deaths to 20 times the average per capita annual income of last year. According to the revi
The Chinese Academy of Social Sciences (CASS) has predicted in the recently published "2011 Blue Book of China's Economy" that 85% of Chinese families wishing to purchase a new home cannot afford it. Among a host of other economic data, the report also es
A reporter with the 21st Century Business Herald has learned from Huang Shuhe, deputy director of the State-owned Asset Supervision and Administration Commission (SASAC), that SASAC will issue a new law to strengthen supervision of the overseas assets of
Zhou Wangjun, deputy director of the National Development and Reform Commission's pricing department, emphasised during a recent interview that the central government's position that "when necessary they would implement short-term price intervention measu
China will give priority to developing high-speed railways and the industry will be considered a "strategic emerging industry", vice premier Zhang Dejiang stated at the opening ceremony of Seventh World High-speed Railway Conference yesterday.
Members of Beijing's Municipal Communist Party Committee discussed various proposals for Beijing's Twelfth Five-Year Plan at a recent meeting. One of the suggestions that arose during the course of the meeting was the need to focus on controlling the tota
Shougang Iron and Steel Group began closing its Beijing plants in the run up to the 2008 Beijing Olympics and moved much of its production to the Hebei coast in order to modernise and help improve Beijing's air quality. According to a company announcement
A reporter from the Economic Information Daily learned from anonymous source that the Ministry of Finance, State Administration of Taxation and The Ministry of Environmental Protection have approved the environmental tax plan. Sulfur dioxide and wastewate
