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EMPLOYMENT

2,115 Individuals Granted Title of "National Model Worker"

A national-level conference of model workers and advanced workers has been held in Beijing; the State Council has decided to give the title of "national model worker" to 2,115 individuals and has awarded the title of "national advanced worker" to 870 people. This is the 13th time China has held such a conference since 1950.

Xinhua News | 2010-04-28

HOUSING

Central Government to Closely Supervise Buyers of Affordable Public Housing

The Ministry of Housing and Urban-Rural Development of the People's Republic of China (MOHURD) announced plans to launch stricter monitoring of those qualified to purchase affordable public housing. Buyers who provide false information or who later go on to purchase a second property will be forced to sell their property. They will also closely supervise the implementation of rules that prevent ow...

The Beijing News | 2010-04-27

WORLD BANK

China's Voting Share at World Bank Raised to 4.42%

The World Bank agreed Sunday to boost China’s voting share to 4.42 percent, giving it the third biggest say after the United States and Japan.

Securities Daily | 2010-04-27

TRADE

Deputy Minister of Commerce Says China's Exports to Slow in Second Half

Zhong Shan, one of China's Deputy Ministers of Commerce, predicted that although exports are likely to grow strongly in the first half of the year, China's export growth will slow in the second half of the year.

Shanghai Securities Journal | 2010-04-27

INFLATION

China's Central Bank Keeping a Close Eye on Prices

Zhou Xiaochuan, governor of the People's Bank of China (PBoC), recently commented that the central bank was monitoring pricing trends closely in order to manage inflation expectations.

Guangzhou Daily | 2010-04-27

BANKING

Bank of China (BOC) to Increase Interest rates for House Loans Next Week

The Bank of China (BOC) announced that it will increase the interest rates for housing loans issued to those purchasing existing properties - a category which mainly refers to previously owned housing. According to the bank, first-home buyers will now be provided with a 15%, rather than the previous 30%, discount on the base interest rate. The move which lifts the interest rate from 4.16% to 5.05%...

Information Times | 2010-04-26

ENERGY

Construction Begins on Nuclear Power Plant in Hainan

Construction of the Changjiang nuclear power plant has begun in the county of Changjiang in Hainan Province. This plant is budgeted to cost 19 billion yuan, the largest investment ever in an energy project in Hainan.

Hainan Daily | 2010-04-26