China News

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China will continuously improve legislation in the economic field to promote sound development of the socialist market economy, says a white paper released Thursday by the Chinese government.

The country will further improve legal institutions regarding budget management, fiscal transfer payment, financial risk control and taxation, according to the white paper titled The Socialist System of Laws with Chinese Characteristics released by the Information Office of t ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China has put in place a socialist legal system of laws with Chinese characteristics by the end of 2010, says a white paper issued by the Chinese government Thursday.

The system of laws is based on the conditions and reality of China, meets the needs of reform, opening up and the socialist modernization drive, and reflects the will of the Communist Party of China(CPC) and the Chinese people, says the white paper titled "the Socialist System of Laws with Chinese Ch ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- The Chinese government on Thursday issued a white paper on the Socialist System of Laws with Chinese Characteristics.

The laws have been categorized as a milestone in the development of China's socialist democratic legal system.

The white paper, released by the State Council Information Office, introduces the establishment, components and features of the socialist system of laws.

By the end of August 2011, the Chinese legislature had enacted 240 effective la ...

npr | Oct 27, 2011

Japan's Nikkei 225 index rose 0.5 percent higher at 8,795.28. South Korea's Kospi index added 1 percent to 1,913.07 and Hong Kong's Hang Seng index gained 1.1 percent at 19,273.66. Benchmarks in Taiwan, Singapore and the Philippines also rose.» E-Mail This     » Add to

npr | Oct 27, 2011

In Wenzhou, China's entrepreneurial capital, scores of business owners have fled, with at least one committing suicide, after they could not repay loans from the city's underground banks and loan sharks. The rise of this $19 billion empire highlights flaws in China's banking system.» E-Mail This     » Add to

People's Daily | Oct 26, 2011

Domestic oil output in China during the 12th Five-Year Plan covering 2011 to 2015 is expected to reach over 200 million tons for the entire period, with Chinese-owned overseas facilities providing over 100 million tons of this, and China's total strategic oil reserves will reach 350 million barrels, according to latest figures from the China Petroleum and Chemical Industry Federation (CPCIF).

CPCIF also predicts that, during the period, newly-added oil refinery capacity will reach 190 million ...

People's Daily | Oct 26, 2011

BEIJING - China's Ministry of Science and Technology signed a memorandum of understanding with the Bill & Melinda Gates Foundation to invest together in research and development of new products and technologies to help with global health and agriculture.

Under the $300 million project, for every dollar the foundation gives to support selected China-grown products and technologies that can help advance health and agriculture, particularly in the developing world, the ministry will offer $2 as ...

People's Daily | Oct 26, 2011

China will start to lower corporate taxes in selected service industries next year under a trial scheme in Shanghai as the government acts to support companies saddled by rising costs and slowing growth.

Transportation and some service companies in Shanghai will have their business tax replaced a by value-added tax, a majority of which is deductible, starting January 1, the State Council, or Cabinet, said yesterday in a statement.

The idea is to eventually expand the program to the whole n ...

New York Times | Oct 26, 2011

Communist leaders in China are imposing new limits on media and Internet freedoms that include some of the most restrictive measures in years.

New York Times | Oct 26, 2011

In China, it’s a form of defiance – and the government is not amused.

The Globe and Mail | Oct 26, 2011

Monk who set himself on fire recently is the 10th person to do so this year, all of them in Tibetan-populated parts of China’s Sichuan province

The Sydney Morning Herald | Oct 26, 2011

China and the foundation run by philanthropist Bill Gates have struck a deal to work together on health and agricultural innovations for poor countries.

Voice of Russia | Oct 26, 2011

The head of Europe’s Financial Stability Facility Klaus Regling will discuss China’s involvement in the bailout during his Beijing visit on Friday. China may contribute a significant sum if the EU leaders agree on the facility’s expansion on Wednesday. The current reserves are worth 440 bln euro. RIAN

Voice of Russia | Oct 26, 2011

In an interview with the Voice of Russia aired on Wednesday, presidential aide Arkady Dvorkovich did not rule out that the Chinese yuan may become one of the world’s reserve currencies in the foreseeable future when China scraps the existing restrictions on currency and financial markets. The appropriate steps are already being taken, Dvorkovich added. VoR

Foxnews | Oct 26, 2011

China will strictly limit the number of entertainment and reality programs shown on satellite television stations as part of a drive to wrest back Communist Party control over cultural industries that are fueling more independent viewpoints.