Economic  homepage  Briefs 

Reactions to Launch of Property Tax

After winning approval from the State Council, yesterday, the Chongqing and Shanghai governments announced the launch of a property tax to tackle inflating housing prices that takes effect as of today.

1月28日 11:46

Former Hilton Shareholder Peng Zhimin Stands Trial

The criminal trial of former Hilton Shareholder Peng Zhimin and 32 others began on January 24th in Chongqing's Municipal Court No. 1.

1月26日 14:23

Ministry of Finance to Provide One-off Payments to Poor

The State Council has announced that a one-off cash payment of between 100 and 180 yuan will be paid to poor individuals

1月20日 16:02

China's GDP Increased by 10.3% in 2010

The National Bureau of Statistics announced China's economic figures for 2010 on Thursday.

1月20日 11:21

Beijing Government begins Project to Clear Out Underground Residents

The Beijing government plans to clear out the air raid shelters and cellars currently being used for low-rent housing under Dongcheng, Xicheng, Chaoyang and Fengtai districts.

1月14日 17:58

Geely, Foxconn Cooperate to Develop New Energy Vehicles

A reporter from the EO has learned that Geely Holding Group is negotiating with Foxconn to jointly develop electric cars, challenging BYD, China's leading manufacturer of battery-powered cars.

1月14日 17:07

Three High-level Officials in Shanxi Dismissed for Accepting Bribes

The vice-mayor and director of public security in Datong have been removed from their positions for accepting bribes from a mine owner

1月13日 17:03

Trial of "Beijing's Most Corrupt Official" Commences

Yan Yongxi, the former vice governor of Beijing's Mentougou District, is suspected of embezzling public funds into his mistress's company...

1月13日 15:34

Liu Tienan Appointed New Head of National Energy Administration

Liu Tienan has taken the place of Zhang Guobao as the head of the National Energy Administration..

1月12日 15:01

Member of Chongqing NPC Accuses Fellow Delegate of Corruption

Zhang Mingyu released a signed 5,000-character letter that publicly accused Weng Zhengjie of being involved in illegal activities

1月12日 13:27

Chinese Bank Loans Increase by 7.95 Trillion Yuan in 2010

The People's Bank of China has issued their financial statistics report for 2010; yuan-denominated loans issued by Chinese banks increased by 7.95 trillion yuan in 2010...

1月11日 17:15

SASAC Denies Report that 16 COEs are to be Listed on Stock Market in 2011

The State-owned Assets Supervision and Administration Commission (SASAC) outlines its plan to list more SOEs over the coming year

1月7日 19:14

High-level Railway Executive Under Investigation

The former chairman of China Railway Container Transport Company is suspected of serious "violations of discipline"

1月6日 19:09

Food and Drug Safety Official Expelled From Position and Party

Zhang Jingli, the former vice director of the State Food and Drug Association was expelled from the CPC

1月6日 18:08

Bulk SMS Operation in Beijing Prosecuted for Illegal Activity

According to the Beijing News, four individuals are facing criminal charges for SMS advertisements en masse without a proper license.

1月5日 18:10

Head of Samsung China Resigns, Korean Successor to be Announced

Pu Genxi resigned as President of Samsung China on December 21, 2010. Keung , a South Korean, will be named as his successor.

1月5日 15:23

Guangzhou's Traffic Cure: Limit Vehicle Usage not Amount

Possible traffic measures for Guangzhou include lifting parking fees, but will probably not include limiting the number of licenses issued for new vehicles like Beijing.

1月4日 16:45

Another Form of Corruption: Government Purchases

Chinese government leaders' taste for Apple products enrages netizens...

12月30日 17:02

China's Pig Industry Optimistic about 2011

China's pig industry can be very optimistic about next year and they have inflation to thank.

12月23日 13:46

EO Exclusive: Beijing May Limit New License Plates to 150,000 Per Year

Beijing plans to limit the amount of new license plates handed out to 150 thousand every year through a lottery system...

12月21日 16:47