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CRIME

Rio Tinto Employee Accused of Receiving Bribes from Former Owner of Rizhao Steel

Wang Yong, the former manager of Rio Tinto's Northern China Division, is accused of receiving bribes of nine million US dollars from Du Shuanghua, the former owner of Chinese steel giant Shandong Rizhao Steel Company, Rio Tinto case testimony provided by Du Shuanghua shows. Wang Yong denied the accusation and claims the nine million dollars were a loan, not a bribe.

Economic Observer Online | 2010-03-25

PUBLIC OPINION

Poll: Over 77% of Chinese People are Willing to Have Second Child If Allowed

77.5% of Chinese citizens surveyed are willing to have a second child if the government were to lift the one-child policy a survey conducted by the China Youth Daily shows. The survey also reveals that while 18.3% of those surveyed are willing to have only one child, 1.8% prefer to have none.

China Youth Daily | 2010-03-25

FINANCE

Chongqing to Impose Special Tax on High-priced Houses

Chongqing, one of the four municipalities directly under the central government, is planning to impose a special sales tax on high-priced houses to curb its skyrocketing housing prices. It's reported that such a proposal has been submitted to the State Council, but no details about the "high-priced houses" have been provided.

Changjiang Network | 2010-03-25

ENVIRONMENT

Both Northern and Southern China May Suffer from Drought This Year

Judging from the current drought covering Southwest China, both Northern and Southern China may have to combat drought this year due to reduced rainfall, inadequate water reserves, and a weak infrastructure for drought relief, Zhang Zhitong, deputy director of China's flood relief agency, said to a People's Daily reporter yesterday.

The Beijing News | 2010-03-24

FINANCE

Securities Companies Accept Client Applications for New Margin Financing Service...

A dozen securities companies, including Haitong Securities, Everbright Securities, Guotai Junan Securities and CITIC Securities, have begun to accept client applications for newly unveiled margin financing services. These companies will be followed by Guangfa Securities and Guoxin Securities, who will start accepting applications on March 25 and March 29 respectively. The new services will allow i...

China Securities Journal | 2010-03-24

SINO-US RELATIONS

Sino-US Strategic and Economic Dialogue to be Held in Late May

The latest in a series of strategic and economic dialogues between China and the United States is scheduled to take place in Beijing in late May, Qin Gang, Ministry of Foreign Affairs spokesman announced in a press conference yesterday. He went on to say that Vice Premier Wang Qishan, and State Councillor Dai Bingguo, as special representatives of Chairman Hu Jintao, would participate in the dialo...

Beijing Youth Daily | 2010-03-24

GOVERNMENT

Central Government Departments' Expense Account Funds to be Cut by 5%

Premier Wen Jiabao has set a target of reducing the expense account funds of central government departments by 5% this year at the Working Conference Against Corruption held yesterday. He said all expenses, including trips abroad, the purchase and maintenance of vehicles and funds spent on official receptions should be reduced. He also mentioned that the central government would intensify supervis...

The Beijing News | 2010-03-24