China’s retail sales surge to near high in November
BEIJING, Dec. 12 (Xinhua) — China’s retail sales hit their highest level in nearly 11 years in November, rising 18.8 percent above the same period a year earlier, the National Bureau of Statistics (NBS) reported on Wednesday. The record was set in January 1997 when retail sales increased 19.8 percent from the same period a [...]
Enforcement regulations for corporate income tax announced
BEIJING, Dec. 11 (Xinhua) — China’s State Council, or the cabinet, has announced regulations aimed at helping to enforce the country’s new corporate income tax law. Premier Wen Jiabao has signed a State Council order to approve the promulgation of the regulations which were published on Tuesday. The regulations, to take effect on Jan. 1, [...]
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China’s CPI up 6.9% in November
A consumer buys some pork in a supermarket in Hefei, capital of central China’a Anhui Province, Sept. 11, 2007. China’s consumer price index (CPI) jumped by 6.9 percent in November coords=118,19,169,41 href=”http://news.xinhuanet.com/english/2007-11/23/content_7132097.htm”> 2007 catchphrases of China economy The primary concerns of Chinese people with the future economy are reflected in the catchphrases. [Factbox] China to adopt [...]
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Large Chinese enterprises move to use copyrighted software, official says
BEIJING, Dec. 10 (Xinhua) — More than 1,500 large Chinese enterprises have installed copyrighted software since April 2006, said Liu Binjie, director of the General Administration of Press, here on Monday. In April 2006, the National Copyright Administration and seven other ministries issued a joint notice urging Chinese companies to use copyrighted software. Central and [...]
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China targets key areas for further reforms in 2008
BEIJING, Dec. 9 (Xinhua) — China’s top economic planner said Sunday that it would step up reforms in key areas such as the economic system, investment regulation and supervision, resource products pricing and national healthcare. ”We should further deepen reform in 2008,” Ma Kai, head of the National Development and Reform Commission (NDRC), said at [...]
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China’s economic plan: “shoot 2 hawks with 1 arrow”
by Xinhua writer Wu Zhi BEIJING, Dec. 8 (Xinhua) — China’s top leaders have decided that reining in a red-hot economy class=”pagelink”> [1] [2] [3] [4]
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Chinese vice premier urges better energy saving
BEIJING, Dec. 7 (Xinhua) — Chinese Vice Premier Zeng Peiyan on Friday urged to save energy and boost domestic demand amid efforts to achieve a sound and rapid economic growth. Zeng told the national development and reform meeting in Beijing that ministries and local authorities should unveil more measures to better save energy, protect environment, [...]
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China’s Central gov’t to increase investment budget
BEIJING, Dec. 7 (Xinhua) — China’s Central Government will increase its overall investment budget and continue to adjust investment structure, the nation’s top economic planning agency said on Friday. Ma Kai, head of the National Development and Reform Commission, said at a national development and reform meeting that after “continuous and rapid” increase in fiscal [...]
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China to collect over 60 bln yuan to finance oil subsidies
BEIJING, Dec. 7 (Xinhua) — China will collect more than 60 billion yuan (8.1 billion U.S. dollars) in special funds from oil producers to offer subsidies to public service sectors and low-income families feeling the pinch of increasingly higher prices. In the first nine months, the country’s oil producers have paid 41 billion yuan into [...]
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China’s power industry proposes electricity price increase
BEIJING, Dec. 7 (Xinhua) — China Electricity Council (CEC), an organization representing the country’s power industry, has recently submitted a proposal to the National Development and Reform Commission (NDRC) to raise electricity prices next year. The proposal said major coal enterprises in coal-rich provinces have issued a notice that new contracts for electricity coal in [...]
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