China's central bank will order some of China's largest state-owned banks to lift their required reserve ratios by 0.5 percentage points, according to a report on the Wall Street Journal's Chinese site on Wednesday which quotes two anonymous industry sour
On November 9, Wang Xiankui was elected governor of Heilongjiang Province. Wang had previously worked for the Gansu and Jiangxi provincial governments; he is also an alternate member of the 17th CPC Central Committee.
By the end of July, the central government had eliminated 625 Beijing representative offices of local governments, a reporter from the Xinhua News Agency learned from an official from the Government Offices Administration of the State Council. He went on
Zhang Ping, director of the National Development and Reform Commission (NDRC), said yesterday that China’s CPI may pass 3% this year. This is the first time the NDRC has acknowledged the possibility of a higher CPI. China’s accumulated CPI reached 2.9% be
In October, the housing prices of 70 big and medium-sized cities rose 0.2%. The growth rate is 0.3 percentage points less than that of September, according to the National Bureau of Statistics.
Guoxin Asset Management Company, also known as "CIC No.2," will be established by the end of the year, according to Shao Ning, deputy director of the State-owned Asset Supervision and Administration Commission. He also said the next step to reforming the
The State Council released notice yesterday that it will increase supervision of governments and improve the public reporting system. The notice states that the government will support media attempts to expose suspicious activity and urges governments to
China Central Television (CCTV) auctioned off 12.66 billion yuan worth of advertising time during yesterday's annual auction of advertising space on the country's largest television network, up 15.52% from last year. Analysts said the figure indicates tha
The Ministry of Housing and Urban-Rural Development (MHURD) has drafted a "Basic Housing Security Law" 基本住房保障法 aimed at standardising and improving regulation of China's public housing system. As the commercial housing market is unable to meet the deman
According to reports in the Hong Kong media, the former mayor of Shenzhen Xu Zongheng, is likely to be found guilty on several counts of corruption in the coming days and will likely receive the death sentence. It's alleged that Xu accepted over 2 billion
Land conflicts account for 65% of “mass incidents” in rural areas, Yu Jianrong, director of the social policy research center under the Chinese Academy of Social Sciences, said in an interview with a reporter from the Beijing News.
In an effort to reach the national goal of reducing energy consumption by 4.48% in the second half of this year, some coastal cities have restricted access to power supply. Power saving measures has further tightened the supply of diesel. The wholesale pr
The air quality in one third of 113 monitored key-cities has not reached the national standards set in 2009. Statistics from the Ministry of Environmental Protection show that the main pollutant is exhaust emitted by motor vehicles.
Some analysts say that the U.S. Federal Reserve's decision to conduct a second round of "quantitative easing," will put "huge pressure" on emerging economies such as China, with a surge in asset prices likely to occur.
Second-home buyers who apply for a mortgage from the public housing fund will be required to make a down payment of at least 50 percent of the market price, according to the Management rules of Public Housing Fund and a notice released by the Ministry of
The State Council has decided to raise the ratio of profits payable to the central government by 1,631 of the state-owned enterprises directly under the control of various central government ministries, according to the executive meeting of the State Coun
Many Chinese cities are suffering from a shortage of diesel, causing the wholesale price of the oil to far exceed the retail price. Currently, the national average wholesale price of diesel is 7,573 yuan per ton while the highest retail price is 7,480 yua
The export quota of China's rare metals will be reduced in increments of 2% to 3% annually, an anonymous source from the Ministry of Commerce told a reporter from the China Securities Journal. The export quota of rare earth metals will be reduced at a fas
The State Administration of Coal Mine Safety has released draft mine safety provision stating that managers of mining sites in which one incident results in the loss of ten or more lives, will have their qualifications revoked and be prevented from ever r
Liu Xinhua, vice chairman of the China Securities Regulatory Commission, stated in a speech that China will promote the transparency of the capital market by completing the establishment of a sound and comprehensive system for information disclosure, impr
