China's land supply will be tightened in the future and there will be more illegal land usage cases as a result, Gan Zangchun, member of the CPC committee of the Ministry of Land and Resources, said at a State Council Information Office press conference t
The National Development and Reform Commission (NDRC) gave permission to local governments to raise the price of electricity in 16 provinces over a week ago. The largest jump in grid prices is in Shanxi, where the price of one kilowatt-hour went up by 2.6
The State Council issued Guidelines on the Promotion of a Modern Seed Industry yesterday, stating the seed industry is a core strategic sector. This is the first time that the seed industry has been acknowledged as a strategic sector of national importanc
Of the 70 large and medium-sized cities in which housing prices are monitored by the National Bureau of Statistics, 50 have experienced month-on-month growth of housing price in March, 12 have witnessed a decline in prices and the remaining eight have rem
State-owned enterprises raked in profits of 512.35 billion yuan in the first quarter, up 27.5% on a year-on-year basis, statistics from the Ministry of Finance revealed. However, the rate of profit growth has dropped back from the annualized rate of 29.4%
The People’s Bank of China has decided, to raise the required reserve ratio (RRR) of deposit-oriented financial institutions by 0.5 percentage points beginning April 21st. The move aims to freeze 360 billion yuan in banking capital. This is the fourth tim
The personal income tax reform project will be submitted during the executive meeting of NPC on April 22, according to China National Radio. It has been reported that the income tax threshold will be lifted from 2,000 yuan to 3,000 yuan. Over 90% of tax-p
The Shenzhen Huawei Technology Group published its 2010 report today. According to the report, Hawei’s sales revenue reached 185.2 billion yuan last year, up 24.2% from the year before. The company earned net profits of 23.8 billion yuan, creating a net p
The investigation team of the State Council is requiring that Xi'an, the capital of Shaanxi Province, adjust its housing prices targets based on the "interests and recommendations" of locals. Xi'an originally set its housing price target at a 15% increase
As part of the city's efforts to rein in soaring housing prices, the government has encouraged the construction of "restricted housing" - or small to medium-sized apartments that are targeted at low to mid-income families.
A lottery set up to determine w
The National Development and Reform Commission (NDRC) has permitted Shanxi Province to lift the price of power supplied through the province's electricity grid by 0.026 yuan per kilowatt-hour, making Shanxi the first province to increase power prices. The
The Ministry of Science and Technology plans to spend 401.87 billion yuan on overseas trips, the purchase and maintenance of government vehicles and hosting official events, over the coming year according to an announcement published on its website yester
Phoenix TV Online cited an unnamed source in a report that appeared on their website earlier today, claiming that China's official consumer price index (CPI) for March, which is due to be officially released by the bureau of statistics tomorrow morning, w
The National Development and Reform Commission (NDRC) is rumored to be planning electricity price rises in some areas of the country where the gap between rising coal prices and the price of electricity has expanded. Power plants that rely on coal to prod
The People’s Bank of China will issue a new economic indicator that measures the aggregate amount of "social finance" (社会融资总量), at 3pm today, a reporter with the Securities Daily learned from the central bank.
The new data set will include the aggregate
Starting from mid-April, various central government ministries will work together to conduct a two-month special campaign aimed at cracking down on illegal Internet public relation agents, including post-deleting companies, online voting companies, etc. A
The maximum speed of trains operating on China's rapidly expanding high-speed railway network will be limited to below 300 kilometers per hour by the end of this year, a reporter with the Beijing News learned from the Ministry of Railways yesterday. The m
The National Development and Reform Commission (NDRC) released a notice on its website yesterday, stating that, ahead of the release of related guidelines, it will temporarily suspend the approval of coking and calcium carbide projects which are merely fo
Yesterday, it was reported that Tang Jun, president of Xinhuadu Group and former president of Microsoft China, paid 3,000 US dollars to purchase a doctorate degree from the Pacific Western University.
Li Yong, one of China's deputy ministers of finance, revealed that the central government was having difficulty in controlling the latest bout of inflation in an article he wrote published yesterday. Mr. Li also said that although the rate of inflation is
