Lawsuit Barrage Exposes Credit Swindling Secrets
A businessman allegedly used bank credit, offshore companies and copper imports in a bogus financing scheme that soaked traders.
China's Economy: 60 Years of Progress (Part III)
Incremental Reform, 1979-'93. State and private sectors coexisted.
BA-Merrill Lynch: China Holiday Spending Drives Recovery
Strong retail sales during the National Day holidays offer more evidence for the argument that China's consumption growth is a vital contributor to global economic recovery.
News PM October 7
China's Finance Minister Urges IMF Quota Reform; Sinosteel Plans to Raise Up to US$2 Bln from Hong Kong Share Sale; China Launches Pilot Program for Reform of Criminal Procedure
China's Economy: 60 Years of Progress (Part II)
Decentralizing the Command Economy, 1958-'78. Multiple transfers of administrative power brought disorder and ended in a return to centralized power.
News Calendar October 5 to October 11
Taiwan's High Court Starts hearing the corruption case against former leader Chen Shui-bian; The leaders of China, Japan and South Korea will hold their second summit in Beijing; China will launch its 26th South Pole exploration.
Economist: Prestige, Pitfalls and Perils of a Reserve Currency
A currency with global reserve status can benefit the issuing country. But disadvantages and market decisions cannot be ignored.
MCC Debut: Turning Point for China's IPOs?
Dual IPOs that raised US$ 5.3 billion for Metallurgical Corp. of China could portend a big change for Chinese stock debuts.
News AM October 7
HSBC's Q3 Emerging Markets Index Up; Sino Gold Merger with Eldorado Gold Wins Approval; China Says Wealthy Nations Need to Honor Climate Commitments
China's Economy: 60 Years of Progress
China has paid a high price for economic transformation since 1949. It's reaping dividends, but the reform process must continue.
China Manufacturing Sector Expands in September
Purchasing manager's index in September indicates strong growth in factory output, orders and employment.
Blog: Vision of Buddha's Parable
A photo depicts the path to the sacred site of the Buddhist Academy, alluding to the itinerary of pilgrimage.
Vast Quantities of Methane Hydrate Discovered in Northwestern China
Deposits of flammable ice in China are estimated to be 35 billion tons in oil equivalent; extraction is expected to be possible in 10 to 15 years.
News AM September 30
Finance Ministry-Appointed Directors Report to Central Huijin; China to Cut Gasoline, Diesel Prices From Sept. 30; Tibet Open to Foreign Visitors During National Day Holiday
China's First Environmental Civil Case Ends in Mediation
Despite ending in mediation, the Jiangyin case makes history as the first civil environmental lawsuit, with a social organization as a plaintiff, to be heard by a Chinese court.
Pension Fund Scandal Reveals Shanghai Billionaire's Debts
Yan Liyan faces debts upwards of 3.7 billion yuan; Poor investments made from loans granted by Shanghai pension funds ends in creditors from all sides.
News PM September 29
First 10 Firms Listed on GEM Freeze 784 Bln Yuan; GM Gets Conditional Approval for Takeover of Delphi; Taiwan to Provide Mainland Firms with Easier Market Access
Cigna & CMC Life Fined for Misleading Sales Tactics
A life insurance joint-venture violated China's insurance law by giving falsified accounts when replying to customer's questions about payments and contract periods.
Shanghai Index Closes Lower on Pre-Holiday Caution, GEM Liquidity Pressure
Investors remained cautious a day ahead of an eight-day shutdown of the stock exchanges for the National Day holiday.
Editorial: Disciplined Officials Disclose Their Assets
The fight against government corruption has a new tool in the form of stronger party support for asset disclosure. Let's not stop now.
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