China has announced that the number its officers and soldiers killed in the Korean War is 183,108. Chinese state media say the figure comes from statistics from the museum for commemoration of the War to Resist U.S. Aggression and Aid Korea in Dandong, Li
China has announced an adjustment of the import taxes imposed on equipment related to environmental protection and resource utilization, exempting components of some technical equipment items from paying import taxes according to a notice co-released by t
Eight months after opinions were solicited about the New Regulations on Forced Demolition, no further progress has been announced. Meanwhile, twelve cases of forceful expropriation have been reported during the past two months.
The Hunan police have stated that the car driver who struck down an armed policeman and damaged three other cars in the compound of the Hunan Provincial CPC committee was not “attacking the government building on purpose”. The police also denied that any
As a result of higher fuel prices, Chinese airliners decided to raise their fuel surcharges today. Travelers who fly more than 800 kilometers will see their fuel surcharge raised from 40 yuan to 70 yuan, while those who travel less than 800 kilometers wil
In the third quarter the amount of new housing mortgages has decreased by 50.7% from the previous quarter to 340 billion yuan, statistics released by the central bank show. New housing mortgages in the second quarter s amounted to 690 billion yuan.
The standing committee of China's top legislature began a second reading of draft amendments to the Law on Deputies to the NPC and Local People's Congresses at Various Levels at the seventeenth meeting of the body, which opened in Beijing yesterday. The p
A reporter with the 21st Business Herald learned from an anonymous source that the second property of Chongqing residents might be the subject of a yet-to-be-announced property tax. The report also suggests that residents with only one property with a flo
Online registration for this year's civil service examination closed at midnight on Sunday and the process of selecting which applicants are qualified to sit the exam for the position they expressed an interest in, will conclude at 6pm tonight. As of 1pm
The high-speed railway connecting Hangzhou and Shanghai begins operation today, shortening the travel time between the two cities to 45 minutes. With a maximum speed of 416.6 km per hour, the line is the fastest railway in the world.
According to China Central Television (CCTV), the price of domestic refined oil will be raised as of midnight on October 26. The price of diesel and petrol will increase by 220 yuan and 230 yuan a ton respectively. This equates to an increase of approxima
As of December 1, all advance payments for commercial apartments in Beijing will be required to be put in to a special, monitored account that will primarily be used to fund the construction of the project and property developers will be prohibited from d
Tim Geithner, US Treasury Secretary rushed to Qingdao yesterday to meet with Wang Qishan, special representative of Hu Jintao and vice premier of China’s State Council. The two discussed preparations for the G20 Seoul Summit.
As of November, barbecue vendors are prohibited from doing business in the streets in all nine host cities of the Guangzhou Asian Games. The provincial government is determined to ensure high air-quality and a clean environment for the coming Games.
The rumored property tax will not affect tax payers' first home purchase, according to Jia Kang, director of the Financial Science Research Institute of the Ministry of Finance. He went on to say that the property tax will be issued in the coming year.
The head of China’s delegation, Jiang Ping, deputy president of China Film Group Corporation, announced China’s withdrawal from the Tokyo International Film Festival after the festival organizer refused to list Taiwan as a part of China. Jiang Ping stated
According to a notice released by the Ministry of Finance, foreign companies will be required to pay an urban maintenance and construction tax and an additional education tax starting December 1st. For the last 20 years, only Chinese companies have been r
The Chinese Academy of Social Science has released a report predicting that China’s housing prices will begin to fall in the fourth quarter of this year. The biggest drop predicted is 20%.
The current Engel Index has increased from 37% to around 40%. Since people need to spend more on food and staples, their standard of living has decreased, said Sheng Laiyun, spokesmen of the National Bureau of Statistics, yesterday.
