Sichuan's GDP increased by 15% to reach 425.76 billion yuan in the first quarter of 2011, according to data published by the Sichuan Provincial Development and Reform Commission yesterday. According to the data, fixed asset investment in large industrial
According to a report issued by the National Bureau of Statistics yesterday, the average annual salary of urban employees of non-private work units and private companies have risen to 37,147 and 20,759 yuan respectively. This means that the pay of urban e
The Chongqing Municipal government has given local taxi companies permission to raise taxi fares, starting from May 5, although no public hearings have been held and no reports of the rise have appeared in the Chongqing press. Taxi drivers have simply bee
All of the 2,176 companies listed on either the Shenzhen or Shanghai stock exchanges have now submitted their annual reports for 2010, the reports include annual financial data. On average, the net profits of companies increased by 37.3% compared to the p
A variety of new laws and regulations came into effect nationwide on May 1. The changes included the elimination of the death penalty for 13 non-violent economic crimes, an increase in the severity of punishment for those caught driving under the influenc
The first quarter reports of all the real estate companies listed on China's domestic stock markets have been submitted. According to data supplied by Wind and in keeping with the official classifications of the China Securities Regulatory Commission (exc
Yesterday, the State Oceanic Administration of China published a report on the administration of the country's maritime borders. According to the report, China's marine surveillance authorities detected a total of 1,303 incidents of boats and 214 incident
Zhang Guangsheng, a high-ranking official in Luoyang's Public Security Bureau, died after falling from the top floor of a 33-story building yesterday afternoon, the local police believe that the secretary of the city's discipline inspection committee comm
A joint team organized by the ministries of Agriculture, Science and Technology, Health and Environmental that conducted on the ground investigations into the illegal planting of genetically-modified seeds in Shandong, Shanxi and North Eastern provinces o
The State Council formally issued "Regulations on Individual Industrial and Commercial Households" yesterday. As of Nov 1, 2011, the new rules will replace the current regulations that have applied for 24 years.Many of the restrictions placed on China's 3
On April 28, China's central bank released financial data for the first quarter. The report revealed that major financial institutions, rural financial institutions and urban credit cooperatives had issued a total of 509.5 billion yuan in loans to the rea
Despite the introduction of a trial new property tax 3 months ago, housing prices in Shanghai and Chongqing have not fallen and have actually increased a little, though there have been a marked downturn in trading volume.
The Economic & Information Commission of Guangdong Province has said that currently there is a shortage of approximately 1 to 2 million kilowatt of electricity every day in the province and that this might climb to a daily shortage of 4 million kilowatts
At a forum held on Apr 27, vice president of the China Council for the Promotion of International Trade Dong Songgen informed attendees that it was obvious that Chinese companies had picked up the pace of their investment abroad over recent years, and tha
After a calm morning of trading, the Shanghai B-share market, a small US-dollar denominated board open to trading by foreigner investors, dropped dramatically yesterday afternoon, at one point the B-share index was down 7.52%, before regaining a little to
Qihoo 360 has been fined and forced to apologize by the People's Court of Chaoyang District in Beijing after competitor Tencent brought charges of unfair competition against the software company. The court required Beijing Qihoo, Qi Zhi software and Sanji
China's Supreme Court recently released an interpretation in relation to "Anti-monoploy Civil Law." The interpretation included details of how consumers would be permitted to sue monopoly enterprises if the actions of monopoly enterprises negatively impac
In response to recent media reports suggesting that China's banking regulator had already lifted the capital targets of the nation's five biggest lenders above the official minimum of 11.5 percent ratio, the CBRC announced yesterday that it has no plans t
Recently, the Ministry of Commerce issued a notice that instructed local commerce bureaux to take measures to help deal with the "diffiuclt to sell" vegetables problem faced by many farmers as an over supply of some vegetables has led to a steep drop in w
This morning, 22-year-old Lei Sen was found guilty of setting of a hand-made explosive device out the front of a busy shopping mall in the vicinity of Beijing's Dongzhimen transport hub and sentenced to a prison term of 7 years by a Dongcheng Court, Lei S
