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POLITICS
CPPCC Responds to Criticisms of Issuing of Laptops to Members
During the on-going political meetings in Beijing, the news that the Chinese People's Political Consultative Conference (CPPCC) has allocated laptops to its delegates free of charge, and unlike last year, won't take them back after the meeting, has sparked off widespread on-line discussion. Zhang Zhenshan, director of Information center under the CPPCC's General Office, said the move was made in o...
New Express Daily | 2010-03-10
HOUSING
Minister: China to Face Pressure from Surging House Prices
In a press conference held on March 8, Lou Weixin, Minister of Housing and Urban-Rural Development, predicted that "China will continue to face huge pressure from the continual rise of housing prices over the next two decades." However, the minister also added that the central government is committed to reining in soaring housing prices
The Beijing News | 2010-03-09
INDUSTRY
New Policy to Promote Cross-industry Restructuring
In an interview with Shanghai Securities News, Li Yizhong, Minister of Industry and Information Technology, revealed that the ministry would introduce guidelines aimed at encouraging companies to pursue cross-industry mergers and acquisitions. The proposal has already been handed to the State Council and it's expected that the guidelines will be officially adopted some time after the conclusion of...
Shanghai Securities News | 2010-03-09
CURRENCY
Zhou Xiaochuan: Fixed Exchange Rate Policy is a Short-term Measure
In a discussion that touched on the exchange rate of the Chinese currency held on the sidelines of the ongoing "two sessions", Zhou Xiaochuan, Governor of the People's Bank of China, described the current policy of effectively pegging the RMB to the US dollar as a temporary measure. Zhou also announced that "sooner or later, we will quit the policy."
Southern Metropolis Daily | 2010-03-09
CCTV
More Details of CCTV Fire Emerge as Indictment Made Public
A nine-page document prepared by the office prosecuting the CCTV fire case has revealed more detailed information about what caused the fire which guttered the TVCC building at the new CCTV complex at the end of last year's Spring Festival. The indictment also provides information about the 21 people who have been charged in relation to the fire, including Xu Wei the former director of the office...
The Beijing News | 2010-03-05
MARKETS
20 billion Yuan Retreats from A Shares
The Shanghai Composite Index fell by 2.38% on Thursday, the largest daily fall in over a month. A total of 22.921 billion yuan exited both Shanghai's and Shenzhen's A share market, according to statistics compiled by the Quanjing Capital Monitor, the biggest daily retreat from A shares in over a month and a half.
The Beijing News | 2010-03-05
INVESTMENT
Morgan Stanley to Sell Stake in CICC
Morgan Stanley will sell its 34.3 percent share of China International Capital Corporation (CICC) to KTR and TPG, two giant private equity companies, for over one billion US dollars. Li Jiange, Chairman of the CICC and also a representative of the Chinese People's Political Consultative Conference (CPPCC), confirmed the deal had been reached but emphasised that it was still awaiting regulatory app...
China National Radio | 2010-03-05
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China's CPI Up 2.7% in February
China's CPI rose 2.7 percent in February from a year earlier.
Source:National Bureau of Statistics
NPC: Highlights of Government Work Report
The annual full session of China's National People's Congress (NPC), the country's top legislature, got under way in Beijing on Friday morning.
Source:NPC
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