China HSBC PMI Slows to 54.4 in December
The HSBC China Purchasing Managers’ Index (PMI) slipped to 54.4 in December from 55.3 in November as output and new businesses increased at the slowest pace in three months.
A Time to Spend
Because only the government can create the investment-grade financial assets that are in short supply in a depression, it is the government’s task to do so.
China Issues First Anti-Corruption White Paper
The government highly values the positive role played by the Internet in enhancing supervision, and will continue to build and strengthen a convenient and unimpeded feedback channel for the public.
China to Cast a Broader Regulatory Net over Rare Earth Industry
China’s first rare earth waste emission standard is expected to be put into effect in 2011;an ad valorem tax is likely;Rare Earth Trade Association has been in place
No Substantive Move for China’s Tobacco Control
China’s tobacco control program remains a mere scrap of paper, experts said, after the country could hardly live up to the promises to keep its billions of people away from passive smoking.
Zijin Mining Officials Fined over 700 Mln Yuan
Zijin Mining Group Co. Chairman Chen Jinghe was fined 705,997 yuan ($106,566) and Vice President Zou Laichang 449,768 yuan.
China to Expand the Coverage of VAT
China sets to expand the coverage of value added tax (VAT) during the 12th five-year plan (2011-2015), among other tax adjustments, which would bring the country’s revenue up 8 percent in 2011.
Chinese Companies Sweep U.S. IPO Market in 2010
Chinese companies swept U.S. IPO market in 2010 with 34 new listings that raised a total of 3.6 billion U.S. dollars.
Xu Lindong Gets CNY300,000 in Compensation After Freed from Mental Hospital on Petition
Under the agreement, local government pledged to compensate Xu Lindong for 300,000 yuan one-off in 15 days.
Interest Rate Hike may Leave Limited Fallout on Market, More Hikes Likely: Analysts
China’s raising of interest rates at the weekend will have a limited impact on the market while future hikes are likely in the near future.
Three Officials Arrested on Shanghai Apartment Fire
Three officials were arrested on criminal charges of abusing power following a deadly apartment fire in Shanghai on November 15 that killed 58 people.
Mainland Registered $78Bln Trade Deficit with Taiwan in First 11Months
The Chinese mainland registered a trade deficit of 78.44 billion U.S. dollars with Taiwan in the first 11 months, according to the customs.
China to Tackle Traffic Woes by Expanding Public Transport Network: Official
China vows to vigorously expand the public transportation network to address the traffic woes that plaguing Beijing and other big Chinese cities.
A Confederal Solution for Palestine
Netanyahu's strategy of defense in depth stands a better chance of success than Abbas’s pursuit of statehood through international recognition.
China SPBD to Form JV with Silicon Valley
Shanghai Pudong Development Bank and Silicon Valley Bank of the U.S. plan to jointly set up a bank in China that will serve small- and medium-size technology companies.
China's Income Distribution Reform Suspends: Official
China’s income distribution reform, which is scheduled to come out with a general proposal before the year-end, has been suspended.
China Guoxin Asset Management Company Set up
Former Chairman of Baosteel Group Xie Qihua will become chairman of the new company and Liu Dongsheng, a senior SASAC official, will hold the post of president.
Doing Poorly by Doing Good
The microfinance sector has made some mistakes, which politicians have exaggerated in an effort to destroy an industry that undermines them by making the poor more independent.
Is Regulation Really for Sale?
We now know that some of these market emperors had no clothes, and that their activities, far from benign, could result in severe financial instability and generate serious losses for taxpayers.
No Timetable for International Board Launch: China Regulator
China Securities Regulatory Commission Chairman Shang Fulin said recently that there is no timetable for the launch of the proposed international board on the Shanghai Stock Exchange.
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