A vice director of the Shanghai Municipal Government's Financial Service Office, told attendees at this past weekend's Liujiazui Forum that according to a proposal submitted to the State Council last year, individual investors might soon be permitted to m
At the Liujiazui Forum held in Shanghai over the weeked, Cong Ming, director of the Tax Policy and Legislation Department of the State Administration of Taxation (SAT), told attendees that China's tax bureau was not considering any plan to levy personal i
In preperation for the upcoming China-Asia-Europe Exposition which is to be held in Urumqi this September, the Urumqi Administrative Law Enforcement Bureau issued an announcement on May 11 ordering advertising agencies to dismantle any outdoor billboards
After pilot property tax programs were launched in Shanghai and Chongqing in earlier this year, rumors now suggest that Beijing could be the next city to introduce a property tax as soon as the second half of this year. Insiders say that the city's govern
In order to further promote the credibility of law enforcement and ensure that the investigative powers of authorities are being exercised in accordance with the law, from now until January 2012, the Supreme People's Procuratorate will carry out special i
China's National Social Security Fund (NSSF) released its annual report earlier today, revealing that returns on the fund in 2010 totalled 32.12 billion yuan, a rate of return of 4.23%. The average annual rate of return of National Social Security Fund (N
The Ministry of Environmental Protection (MEP) called a halt to construction of the Tianjin-Qinhuangdao high-speed railway line on May 12 after earlier suspendeding work on the Jinan-Qingdao project on April 25. The MEP ordered work to stop on both projec
The People's Bank of China issued its annual report for 2010 yesterday. The central bank committed itself to gradually pushing ahead with interest rate liberalization so that interest rates were determined more by market rates and also to reforming the me
The General Office of the State Council released its departmental budget for 2011 yesterday. According to the data, total spending will exceed 360 million yuan this year, of which, 110 million yuan will be spent on administrative tasks. No details on how
Xi Guohua, deputy director of the Ministry of Industry and Information Technology, said yesterday that the central government plans to complete the "Broadband Countryside" program by the end of the 12th 5-year Plan, the push is part of a broader governmen
After a process involving public consultation and attendant amendments, Shanghai officially released its new health care reform plan yesterday. The new policy program goes
beyond the average standard of support for health care throughout the rest of t
According to statistics released by the China Banking Regulatory Commission (CBRC), commecial banks in China had 433.3 billion in non-performing loans on their books at the end of the first quarter, which is 300 million yuan less than those held at the en
According to data released by the National Bureau of Statistics (NBS) earlier this morning, the price of newly-constructed commercial residential housing rose in 56 cities of the 70 cities surveyed by the statistics bureau in April when compared to prices
According to a source, Huang Tianwen, the President and Deputy Party Secretary of Sinosteel Corporation, has been removed from his postion. An official from the State-Owned Asset Supervision and Administration Commission (SASAC) was said to have visited S
Cao Ronggui, head of China's Hospital Association, said at the recently held China Hospital Director's Forum that the cost of medicine at county hospitals had been driven excessively high by the fact that hospitals were relying on income from drug sales t
According to an authoritative source at the State-Owned Asset Supervision and Administration Commission (SASAC), the first centrally-onwed enterprises to be put under the management of Guoxin Asset Management Company, a new company which was frequently re
The first stage of the nuclear safety tests, which focused on the three major plants that are already operating, has already concluded and a report is expected before the end of the month. At the recently held 7th International Meeting of China Nuclear En
The Ministry of Land and Resources yesterday published its plan for the supply of land designated for housing. According to the plan, 218,000 hectares will be set aside for new housing projects this year, which is about twice the amount of land made that
The Ministry of Human Resources and Social Security called for public comment and feedback on additional regulations that will guide the implementation of China's Social Insurance Law yesterday. The draft amendments are expected to come into effect on Jul
