The Ministry of Commerce has created a project to promote imports which will be released next week, according to ministry spokesman Yao Jian. Jiang Yaoping, Vice Minister of Commerce, said it is possible that the ministry may further adjust the export reb
The China Banking Regulatory Commission has released a draft regulation to prohibit banks from issuing credit cards to those underage, in order to protect juveniles. The draft regulation also requires that banks do not charge consumers who have not yet ac
The National Bureau of Statistics has stated that it is impossible to calculate the housing vacancy rate based on the current data-gathering method. Yang Xhongguang, a researcher with the Chinese Academy of Social Sciences, told a National Business News r
China has gained 5.11 trillion Yuan worth of fiscal revenue in the first seven months of this year, up 25.7% on the level of the same period last year and equal to China’s total fiscal revenue in 2007 of 5.1 trillion Yuan. Though the Ministry of Finance h
The Shanghai Composite Index fell by 2.86% to 2,595.27 points yesterday, the largest daily fall size since July. Likewise, the Shenzhen Component Index also fell by 2.74% to 10,715.4 points. The price of 121 stocks on China's A-share market dropped yester
After a central work conference laid down strategic plans for the development of the Xinjiang Autonomous Region's economy in May (the centerpiece of which was a shake up of resource tax collection), investors in China's domestic stock markets have begun t
The Ministry of Health has ordered Hubei’s leading office of food safety supervision to investigate incidents of the early onset of sexual maturity among female infants after drinking certain brands of milk powder. The supervisory body have been urged to
The National Development and Reform Commission has announced plans to pilot "low-carbon" economic reforms across five provinces (Guangdong, Liaoning, Hubei, Shaanxi and Yunnan) along with eight cities (Tianjin, Chongqing, Shenzhen, Xiamen, Hangzhou, Nanch
The stock price of Synutra International fell by 26.94% to 12.72 US Dollars in yesterday’s trading, after news reports claimed that the amount of estrogen in the milk powder produced by Synutra’s China subsidiary exceeded standards and had caused the earl
Banks may be prohibited from charging fees for providing seven types of basic banking services such as opening and canceling a basic account, depositing, withdrawing and transferring services within the same bank and city and the printing of account state
The housing prices in seventy large- and medium-sized cities increased by 10.3% in July on the level of the same period last year, down on the year-on-year growth of 11.4% in June, according to data published on the website of the National Bureau of Stati
Three Chinese property giants, Vanke, Poly and Gemdale, published their half-year reports earlier today. The sales volumes of Vanke and Poly reached 36.77 billion yuan and 21.75 billion yuan respectively and the net profit belonging to the shareholders of
Individuals who have criticized or offended government or party officials should not be considered as having committed the crime of defamation any more, according to the Supreme People's Procuratorate. An unnamed official also told reporters that all case
The Ministry of Industry and Information Technology published a list of 2,087 enterprises across 18 industries that use outdated or energy intensive facilities. The ministry has required all of these businesses, some of which are listed companies, to stop
China's income gap has continued to widen since official figures put the country's Gini Coefficient, a measure of inequality of income distribution, at 0.44 in 2004, according to Yang Yiyong, a researcher with the National Development and Reform Commissio
To ensure China can meet the energy-saving and carbon-emission targets set in the country's 11th Five-Year Plan, 22 provinces have stopped supplying electricity at preferential prices to energy-intensive enterprises.
The growth rate of the area of homes sold in Beijing reached 22.18% in July, thanks to some developers’ strategy of cutting prices and purchases by non-speculative home buyers, statistics from the China Index Academy show. They also indicate, among the 30
The China Banking Regulatory Commission (CBRC) has allowed commercial banks located in cities where housing prices are surging to suspend issuing loans for third-home buyers yesterday, clearing up the rumor that the CBRC had stopped providing third-home l
The China Insurance Regulatory Commission (CIRC) has set the upper limit of insurance company funds allowed to invest in the stock market at 20% of their total funds, according to a notice released by the CIRC yesterday. The notice also prohibits insuranc
The People’s Bank of China has stated that China will continue with its moderately loose monetary policy and further improve the mechanism it uses to formulate the RMB exchange rate according to a report the central bank released yesterday. The report als
