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MAGAZINE

Caijing Editor in Chief Resigns to Launch New Magazine

Sina reports that He Li (何力) will resign as editor in chief of Caijing (财经), an influential bi-weekly business magazine once edited by Hu Shuli, to launch his own monthly magazine. He Li wrote on his Sina microblog that he is recruiting staff for the new magazine and the first issue will be published in June.

Sina | 2011-02-14

CULTURE

China to Open Up Art Galleries and Libraries for Free

Yesterday, the Ministry of Culture and Ministry of Finance issued an official document that calls on provincial governments to allow free access to all public libraries, art galleries and culture centers around the country by the end of the year. According to the document, by the end of 2011, all of China's national- and provincial-level public art galleries will be open to the public for free and...

Xinhua News Agency | 2011-02-11

BANK

Central Bank Imposes Reserve Requirements on Some Small and Medium-sized Banks

The People's Bank of China has implemented a series of regulatory measures that impose differentiated reserve requirements on a portion of China's small- and medium-sized banks, mainly urban commercial banks, an anonymous source told the China Securities Journal.

China Securities Journal | 2011-02-11

LAND

China Establishes First National Rare Earth Mining Area

The Ministry of Land and Resources has decided to establish China's first state-planned rare earth mining area. The mining zone is made up of 11 reserves that together account for over 2,500 square kilometers of land. It's estimated that the reserves house a total of about 760,000 tons of rare earth metals.

Xinhua News Agency | 2011-02-11

PROPERTY

72 Cities to Issue Policies Restricting Property Purchases

In keeping with a series of directives issued by the central government, 36 Chinese cities have already issued policies that put certain conditions on additional property purchases. It's predicted the number of cities implementing these restrictions on property purchases will double in the near future. Analysts predict that the move will push up rents as many potential home buyers will delay purch...

The Beijing News | 2011-02-11

SHORTAGE

Companies Recruit Migrant Workers at Chongqing Railway Stations

Troubled by labor shortages, many companies, including large multinational corporations like Foxconn and Inventec, are recruiting migrant workers at Chongqing's major railway stations. According to the report, some companies are offering monthly salaries of of up to 4,000 yuan.

Chongqing Evening News | 2011-02-11

POLITICS

State Council Announces Measures to Support Software Companies

The State Council issued a series of policies aimed at encouraging the development of the local software and integrated circuit industries. While software companies will be given preferential treatment in relation to value-added tax policy, companies that manufacture integrated circuits that reach certain technological standards, will be exempted from paying company income tax for five years.

Wall Street Journal (Chinese) | 2011-02-10