Headline Scanner

TAIWAN

Taiwan opens Universities to Mainland Students, but with Restrictions

The Taiwanese legislature approved a bill allowing 2,000 students from mainland China to attend University in Taiwan every year. The bill also requires that local Universities recognize diplomas from mainland schools. Despite these changes, Taiwanese law still prohibits mainland students from entering certain “confidential institutions” and obtaining full or part-time jobs in Taiwan.

Xinhua News Agency | 2010-08-20

PROPERTY

Property Developers Carrying 600 Billion Yuan in Debts

Despite impressive profit earnings in the first half, 63 listed property companies have incurred a combined debt of over 600 billion yuan. Debts of the four largest Chinese property developers, Vanke, Poly, Merchant Property and Gemdale, together account for 277.9 billion yuan , 47.37% of the 600 billion yuan debt.

Guangzhou Daily | 2010-08-20

FUEL PRICE

Refined Oil Pricing Mechanism May be Modified

The 21st Century Business Herald reports that the National Development and Reform Commission (NDRC) has finished their evaluation of China’s pricing mechanism for refined oil. Critics of the current mechanism believe that modifications can shorten the period of price adjustment from 22 days to 10.

21 Century Business Herald | 2010-08-20

CENTRAL-OWNED ENTERPRISES

Centrally-Owned Enterprises to Invest in Electric Cars

The State-owned Asset Supervision and Administration Commission is planning to invest 1.3 billion yuan in China’s electric car Industry. The heads of 16 Centrally-owned enterprises (COEs) will gather in Beijing to discuss the details of the plan. The meeting fuels speculation about the possible formation of a “national team” of electric car manufacturers.

Economic Information Daily | 2010-08-19

INNER MONGOLIA

Central Government Prepares to Pilot Development Program in Inner Mongolia

Led by the National Development and Reform Commission, 42 ministerial agencies have inspected the Inner Mongolia Autonomous Region in preparation for economic development. It is believed that development under the program will greatly improve Inner Mongolia’s national and regional status.

21 Century Business Herald | 2010-08-19

FOOD SUPPLY

State Council to Ensure Stable Vegetable Prices

Premier Wen Jiabao stated at an executive meeting of the State Council on August 18 that the State Council will stabilize vegetable prices by stepping up enforcement of existing policies. These include leaning on city officials to monitor the local vegetable supply, expediting the construction of vegetable production sites, and implementing ways to improve produce delivery and circulation.

Economic Information Daily | 2010-08-19

STATE-OWNED ENTERPRISES

State-owned Enterprises Report Profits of over 1 Trillion Yuan in First Seven Mo...

State-owned enterprises have earned a total profit of 1.09 trillion yuan in the first seven months of this year, a 50.1% increase from last year. However, since profits in July are down 11.55% from June profits, monthly growth rates may be slowing.

China Securities Journal | 2010-08-19