An anonymous source revealed that the official new RMB-denominated
lending target for Chinese financial institutions in 2011 is likely to
be in the range of 6 to 7 trillion yuan, down from this year's
official target of 7.5 trillion yuan. However, the
China will take part in the World Bank's International Comparison
Project (ICP) for the first time, according to anonymous source from
the National Bureau of Statistics. This is the first time that China
has joined the project, which according to the W
Li Xinjun, the former manager of the Xinhuasi Coal Mine located in Henan's Pingdingshan, along with Han Erjun, the former deputy technical manager of the mine, were both sentenced to death earlier today for their role in an explosion that took place at th
Responding to a market rumor that China’s four largest state-owned banks have stopped issuing loans to property developers, the four banks all claimed that they have not been required to cease providing loans for property companies. They stated that the r
An anonymous source told a reporter from the China Securities Journal that the National Development and Reform and Commission, as well as local governments would take new measures to rein in ongoing inflation. Measures might include price restrictions, th
The number of casualties in the fire which spread in a building located in central Shanghai has surged to 49 this morning. Meng Jianzhu, state councilor and minister of public security, has arrived in Shanghai and announced the formation of an investigati
China’s first large aircraft, the C919 large passenger airplane manufactured by the Commercial Aircraft Corporation of China Limited, was exhibited at the biannual China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong yesterday. This
After a "gloomy Friday", the Shanghai Composite Index rose to above 3,000 points again during Monday's trading, closing at 3,014.41 points, up 0.97% on last Friday.
Wu Jiang, dean of the Chinese Academy of Personnel Science, said that according to research, the average annual income of public servants in China is about 10,000 yuan a year higher than the wages paid to non-public service employees working in the social
The laying of tracks for the high-speed railway line that will connect Beijing and Shanghai was completed today. The new line is 1,318 kilometers long and will transport passengers from Beijing to Shanghai in under four hours.
The Shanghai Composite Index has fallen to 2,985.43 today, down 5.16% on the level of yesterday; the largest daily decrease size since August 31, 2009. The Shenzhen Components Index has also fallen by 7% today. In the bulk commodity market, the prices of
Chen Shui-bian, the former Taiwanese leader, was sentenced yesterday to 11 years in prison and an additional 8 years for receiving bribes and money laundering. His wife, Wu Shu-zhen, will remain in prison for 19 years and seven months, according to the ve
China's fiscal revenue has reached 7.08 trillion yuan in the first ten months of this year, up 21.5% from the same period last year, statistics from the website of the Ministry of Finance show. Tax income accounts for 6.28 trillion yuan of total fiscal re
As the growth rate of China's CPI surged to 4.4% in October, the country is facing a severe anti-inflation battle. Sheng Laiyun, National Bureau of Statistics spokesman, attributes the surging CPI to rising food and housing prices. Food prices are up by 1
Chen Zhu, Minister of Health stated yesterday that because medical resources are pouring into big hospitals, medical services are now expensive and difficult to obtain. He went on to say that the next step in reforming China’s medical system is to make de
During a Q&A session hosted by the People's Daily yesterday, Zhou Wangjun - deputy director of the National Development and Reform Committee's office concerned with monitoring prices - responded to questions from Chinese internet users about rising prices
A survey carried out by China's Coal Mine Safety Supervision Bureau, the All-China Federation of Trade Unions and the China Occupational Safety and Health Association, found that 57,000 Chinese workers are diagnosed with pneumoconiosis, a serious lung con
Gome, China's largest electrical products retailer and Shinning Crown, a holding company controlled by the Gome's jailed founder and former CEO Huang Guangyu, announced that they has signed a memorandum of understanding late on Wednesday evening. As part
Li Yizhong, head of the Ministry of Industry and Information Technology, told journalists on Tuesday that the ministry had been paying close attention to the dispute between Tencent QQ ang Qihoo 360. In an attempt to ensure the interests of internet users
The People's Bank of China announced at 6.45pm on Wednesday evening that it had decided to lift the required reserve ratios of Chinese banks by 0.5 percentage points. The reserve rise will come into effect on Nov 16, and follows last month's interest rate
