The number of pilot companies for RMB cross-border settlement has been increased from 365 to 67,359, or say, by 185 times, according to a notice released by the central bank yesterday. Some insiders have said this expansion will bring drastic development
An anonymous source with the National Development and Reform Commission (NDRC) told a reporter from Xiaoxiang Chenbao that subsidies for purchasing low-emission vehicles will expire at the end of this year.
State-owned enterprises have accumulated 40 trillion yuan in state-owned assets. Zhou Tianyong, deputy director of the research department of the Party School of the CPC Central Committee, proposed in the international forum of “Income Distribution Reform
Of the 78 centrally-owned enterprises (COEs) that were required by the State-owned Asset Supervision and Administration Commission to withdraw from the real estate market in April, only 7 enterprises have begun to transfer their shares of property subsidi
The State-owned Asset Supervision and Administration Commission (SASAC) will promote income reform for employees of state-owned enterprises and establish a strict income adjustment mechanism, Yu Ji, director of the SASAC’s distribution department stated y
A Xinhua news report announced that the Central Committee of the Chinese Communist Party yesterday decided that Luo Zhijun will replace Liang Baohua as the Communist Party Secretary for Jiangsu Province and that Li Hongzhong will replace Luo Qingquan as t
At a meeting of the Political Bureau of the Chinese Communist Party's Central Committee on December 3, leaders discussed the country's economic strategy for the coming year in preparation for this month's annual Central Economic Work Conference. Participa
On December 3, during a test run of the Beijing-Shanghai Express Railway, the Chinese made new generation high speed train, CRH380A, reached a maximum speed of 486.1 Kilometers per hour, breaking the record previously held by China.
The National Development and Reform Commission (NDRC) now requires producers of cooking oil, including COFCO, Yihai Kerry, Chinatex, Jiusan Grain and Oil Group, to refrain from raising the price of cooking oil by selling their product in smaller packages
Around 75% of China's charity organizations are unwilling to release information to the public, according to a report conducted by an agency under the Ministry of Civil Affairs. The report claims that details regarding financial audits and personnel place
A reporter with the Beijing Times learned from an anonymous source that the proposed new pricing mechanism of refined oil will shorten the adjustment term from 22 days to around 10 days. The adjustment will take place automatically, without preapproval by
China Unicom, the official partner of the iPhone in China, recently began issuing sales contracts that bind the iPhone with its own SIM card. The company also threatened to stop service to customers using a SIM card from a different provider with the iPho
Industrial Bank has signed an agreement with China Unicom to increase cooperation on basic communication, financial services, mobile internet applications, combined innovation and marketing. Industrial Bank says in a statement that the two sides will coop
The CPC Committee of Wuzhong City in Ningxia Hui Autonomous Region told Xinhua News that it has released Wang Peng, a young man arrested without cause by the local police. Wang Peng had anonymously accused classmate Ma Jingjing of cheating during the civi
A reporter with National Business Daily has learned from an anonymous source that the project for reforming the pricing mechanism of oil products has been reported to the State Council. The reforms will be released at the beginning of next year, not by th
As of yesterday, medication from Beijing hospitals ranked level two and above will be sold at a uniform, predetermined price, according to Guo Jinhe, deputy inspector with the Beijing Municipal Health Bureau. The medicines will be purchased by the local g
Yang Xueshan, deputy minister of the industry and information technology, expressed support for the imitation of copyrighted products in a news briefing yesterday. Yang said that producers of knock-offs should pay for what they had copied from other produ
The National Development and Reform Commission (NDRC) has announced that it will cut the prices of 17 types of medicine by 19% on average. This policy will take effect December 12, and is estimated to result in a total of two billion yuan in savingd for c
The China Securities Regulatory Commission declared yesterday that it will increase supervision on the futures market, curb speculation and monitor the market for abnormal activity. The commission also said that it will tackle the problem of illegal deals
As of today, foreign companies doing business in China will be required to pay an urban maintenance tax and an additional education tax just like their Chinese counterparts. According to media reports, the new rules mean that foreign and domestic companie
