The discipline committee of the central committee of the CPC is in the process of drafting regulations that will require some officials to make their family finances public, Ma Wen, deputy secretary of the Central Discipline Inspection Committee (CDIC) an
To increase transparency, the central government will publish foreign visit, vehicle purchasing, and event hosting expenditures beginning with expenditures in June of 2010. Gao Qiang, the director of the budget working committee of the standing committee
The central government is planning to spend two thirds of their 10 trillion yuan budget on fields such as education, health, social security, and employment. This represents an increase of about 18.1 percent compared to last year, according to the budget
Local governments collected over 2.9 trillion yuan from land grant fees in 2010. This exceeded the projected amount by 113%, according to the budget report submitted by the Ministry of Finance to the National People’s Congress.
Although centrally owned enterprises (COEs) earn over one trillion yuan in profits, only about 200 billion yuan of these profits flow back to these companies according to Wang Yong, director of the State-owned Asset Supervision and Administration Commissi
Chongqing's Wushan County plans to invest 1.3 billion yuan to construct an airport so as to promote the local tourism industry. Despite being officially recognized as a national-level "poor county," the Wushan airport project has already been approved by
The Beijing Housing and Urban-rural Development Commission and its Fengtai District branch yesterday denied media reports that suggested individuals with a "collective-hukou" would not be allowed to purchase property in the capital. A collective hukou ref
Gao Jingde, a member of Chinese People's Political Consultant Conference, has suggested making Shenzhen the fifth Chinese city that's directly under the control of the central government. Statistics released by the city show that the Shenzhen's GDP reache
China's central bank injected a net 103 billion yuan into the money market this week through its open market operations, the 16th consecutive week that the central bank has added liquidity to the money market. It now appears inevitable that the central ba
In the next five years, the State Council will develop and promote the Chengdu-Chongqing area as the economic center of western China and a base for modern industries. The council also approved in principle to readjust personal income tax and raise the ta
According to a company insider, China Telecom is planning to build a fiber optic network in the next five years that covers over 100 million internet users, making it the world’s largest broadband service. The company also plans to increase internet speed
President, board chairman and chief commissioner of Qilu Bank located in Shangdong Province’s Jinan City have been suspended and will be held responsible for counterfeiting activities discovered last year. The China Banking Regulatory Commission is demand
Five ministries, including the National Development and Reform Commission (NDRC), Ministry of Civil Affairs, Ministry of Human Resources and Social Security, Ministry of finance and National Bureau of Statistics, have co-released a notice asking local gov
As of 2011, there will be a gradual decline in the number of students at every level. According to the Blue Paper Report released by the 21st century Education Research Institute, high schools will face a decreasing number of applicants in coming years.
Most workers employed by the 13 centrally owned enterprises (COEs) in Libya have been evacuated. According to the State–owned Assets Supervision and Administration Commission (SASAC), the evacuation is the biggest overseas withdraw of COE employees in his
According to the national Bureau of Statistics, the number of Internet users in China has reached 457 million. The figure accounts for 34.3% of the country’s population.
China's GDP saw an annual average growth rate of 11.2% during the 11th Five-Year Plan period (2006-2010). This is 1.4 percentage points higher than that of the previous five years.
The Standing Committee of China's State Council plans to discuss adjustments to China's individual income tax at meetings to be held in Beijing on Mar 2. According to one source, possible amendments to the tax law include adjusting the details of what por
According to unnamed military sources, the People's Liberation Army (PLA) plans to increase the pay levels for the third time in six years. According to the report, the increase will be calculated from the second half of last year, and salaries will incre
Li Yizhong, the former Minister of Industry and Information Technology, has been elected as a member of the Chinese People's Political Consultative Conference (CPPCC) yesterday. Both Li Yizhong and Zhang Guobao, the former director of the National Energy
