Headline Scanner

CPI

Projected CPI to Exceed 3.4% in August

Driven by the rising prices of agricultural products, many financial institutions predict China’s CPI will be somewhere between 3.4% and 3.6% in August, exceeding July levels of 3.3%. China is expected to face continuous inflation pressures in the coming year.

Economic Information Daily | 2010-09-02

SERVICE INDUSTRY

China to Promote Domestic Services Sector

Premier Wen Jiabao stated at an Executive Meeting of the State Council held yesterday that the Chinese government will implement five measures to promote the domestic services industry which includes community services, senior citizen care, housekeeping services and at home care for the sick. The government will promote the industry by regulating the market, intensifying service training and provi...

Xinhua News Agency | 2010-09-02

CUSTOMS

Additional Duties Imposed on Goods Mailed from Abroad

According to regulations released by the General Administration of Customs, items mailed into mainland China with over 50 yuan in import duties will be taxed according to their full commercial value starting today. The General Administration of Customs intends to impose stricter regulations on postal items as well as goods carried by travelers.

China News Service | 2010-09-01

TELECOMMUNICATION

Newstands Stop Selling SIM cards as Real-name Registration takes Effect

As of today, SIM cards can no longer be purchased from newspaper stands in Beijing. Individuals wishing to purchase a new mobile phone account must go to a mall or a retailer owned by one of three communication service providers. Customers will also be required to present a valid ID.

China News Service | 2010-09-01

AGRICULTURE

Agricultural Produce Prices Rise for 10 Consecutive Weeks

According to data from the Ministry of Commerce, prices of agricultural products rose 0.2% last week from the week before, rounding off ten weeks of consecutive increases. Despite rumors that China's agricultural sector has been targeted by domestic and foreign speculation, an analyst specializing in the agricultural field has attributed the recent price increases to the ending of northern China's...

Xinhua News Agency | 2010-09-01

SOCIETY

Chongqing Denies Using Household Registration System to Seize Farmers' Land

Huang Qifan, mayor of Chongqing, yesterday denied that the local government is offering farmers the opportunity to register as urban residents in an attempt by the local government to acquire their land. He said Chongqing planned to register ten million migrant workers as urban residents in the coming ten years. This new urban population will have access to social security.

The Beijing News | 2010-09-01

STATISTICS

National Bureau of Statistics is "Willing to Improve Its Methods"

The National Bureau of Statistics has published an article on its website claiming that it is "willing to work with ordinary citizens to improve the accuracy of statistics concerning residents'income". The Bureau has already published two other articles questioning the scientific basis of the methods employed by Wang Xiaolu, deputy director of the National Economic Research Institute of the China ...

21st Century Business Herald | 2010-08-31