According to statistics released on the website of the Chaoyang District government, a total of 1.33 million square meters of residential floor space were left empty from January to July this year. Uninhabited villas and high-end apartments account for al
At an executive meeting of the country's State Council held yesterday, members discussed the restructuring of China's coal mining industry and emphasised the development of an inland waterway transport. The meeting coincided with a large and ongoing traff
An official from the National Bureau of Statistics has criticised the methods used by economist Wang Xiaolu, an economist with the National Economic Research Institute's China Reform Foundation, when putting together a report that estimated China's hidden
A passenger plane with 96 people on board crashed while landing at an airport in northeast China's Heilongjiang province late Tuesday, bursting into flames and killing 43 people. 18 officials from the Ministry of Human Resources and Social Security, inclu
In an interview with a Securities Daily reporter, some experts predicted that the growth rate of bank loans will further decrease, and that the amount of new loans will reach 500 million yuan in August. As estimated, the sum of new loans from the first se
The National People’s Congress (NPC) Financial and Economic Committee has recommended that the Standing Committee of the NPC add income distribution reform to the 12th Five-Year Plan. The budgetary working committee has also proposed restricting the scale
China will continue its property tax reform with plans to collect an environment protection tax and a social security tax, according to an official with the National Development and Reform Commission.
The B-share market in both the Shanghai and Shenzhen stock exchanges rose 4.83% yesterday due to rumors that the A-share and B-share markets will merge following the launch of an international board in Shanghai. All 108 stocks in the B-share market, excep
Gome Electrical Appliances announced yesterday that it will hold a special conference of shareholders on September 28 at the request of its founder and largest shareholder, Huang Guangyu. Huang is demanding that executive directors Chen Xiao and Sun Yidin
Yang Yiyong, director of the National Development and Reform Commission’s (NDRC) Social Development Research Department, suggested counting poor families as a single individual while collecting income tax. He also advises a gradual reduction of the Gini C
The Central Huijin Investment Company released its annual report on August 19, revealing profit gains of 218.9 billion yuan in 2009 but debts of 277.9 billion yuan to its parent company the China Investment Corporation (CIC). The report has triggered susp
According to a notice released by the general office of the State Council, the State Council has approved a ten year development plan in Shenzhen. The plan requires the Special Economic Zone restrict its population to fewer than 11 million and limit its c
The heavy traffic on the expressway connecting Beijing and Tibet that has lasted for ten days is due to an influx of coal trucks from Inner Mongolia. They are choosing this expressway rather than others to avoid being punished and charged by coal-checkpoi
Li Zhanshu, the new secretary of the CPC Guizhou Committee, has stated he would be a “good student, a good public servant and a good monitor of the CPC’s Provincial Committee”. He said he would try his best to make the CPC Guizhou Committee a united, prac
The China Securities Regulatory Commission (CSRC) has published a draft notice to reform the regulations concerning the issuance of new stocks. The proposed reform contains improving the mechanism for distributing stocks and halting the trade of stocks as
Premier Wen Jiabao stated in Shenzhen that China would further promote the reform of both its economic and political system. He said, without the latter, the achievements from economic reform would not be sustainable and China would not reach its goal of
Liao Yonglin, director of the Ministry's Department of Land and Resources, stated that at the end of May this year, the country had 2,815 reported plots of unused land. He expects the investigation into unused land to terminate by late October.
The Taiwanese legislature approved a bill allowing 2,000 students from mainland China to attend University in Taiwan every year. The bill also requires that local Universities recognize diplomas from mainland schools. Despite these changes, Taiwanese law
Despite impressive profit earnings in the first half, 63 listed property companies have incurred a combined debt of over 600 billion yuan. Debts of the four largest Chinese property developers, Vanke, Poly, Merchant Property and Gemdale, together account
The 21st Century Business Herald reports that the National Development and Reform Commission (NDRC) has finished their evaluation of China’s pricing mechanism for refined oil. Critics of the current mechanism believe that modifications can shorten the per
