China News Direct

 
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Central Officials' Spending Checked Through Credit Cards
(Dec 13, 2011) Spending by central Chinese government officials on official reception, traveling, property management and even public utilities will be revealed next year when 16 spending items are required to be settled through official credit cards, a move made by the central government to improve financial management and track spending of government ...
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China's IT Industry Development Plans in the Pipeline
(Dec 13, 2011) A string of industry development plans for the information technology, broadband, communications and industry restructuring are scheduled to be released after the Central Economic Work Conference held in December, transforming and creating an IT industry which leads investments worth RMB2 trillion. Sources told mainland's Economic Information in early December that ...
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China's Fiscal Income Increases to RMB9.7Tn
(Dec 12, 2011) Reduced transactions of properties and cars and a lift in the personal income tax threshold to RMB3,000 a month effective September 2011 have affected fiscal income in China. In November, national fiscal income increased by 10.6% year-on-year to RMB645.73 billion, dragged by the new personal income tax threshold which had ...
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CASS: Investment and Consumption Lead China's Economy
(Dec 12, 2011) The Chinese Academy of Social Sciences (CASS) sees slowing economic growths in China in 2011 and 2012, but in its view, the economy will keep running within a reasonable range. Investment and consumption will continue to lead economic growth in China next year although a few percentage points of growth ...
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China Points Urgency to Fighting Poverty
(Dec 12, 2011) A new round of poverty-fighting work will start in China as the central Chinese government together with the State Council on December 1 issued a framework document on alleviating poverty in villages, requiring local governments nationwide to take actions and accomplish the tasks outlined. The "Chinese Village Poverty Alleviating Development ...
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November CPI Down to 4.2% on Lowering Food Prices
(Dec 09, 2011) The National Bureau of Statistics of China (NBS) announced today that the November CPI grew 4.2% year-on-year, a decrease of 1.3 percentage points from October on reduced food prices and a diminished carry-over effect in November. In November 2011, the CPI in villages increased by 4.3% year-on-year while that in ...
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China's Top Think Tank Favours Moderating Economy at 8.9%
(Dec 08, 2011) Chinese Academy of Social Sciences (CASS) forecasts a GDP growth of 8.9% and a CPI growth of 4.6% for 2012 which will be a year predominated by a stable monetary policy and a structurally refined fiscal environment. The think tank is in favour of a moderately growing economy at a ...
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Before China's Central Economic Work Conference
(Dec 07, 2011) The long-awaited Central Economic Work Conference to be held by the central Chinese government usually at the end of November or early December to determine the economic tone for the coming year has not been held this year, and the market suspects that the government is still mulling over critical ...
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The Economics of Beijing-Tianjin-Hebei Amalgamation
(Dec 06, 2011) A regional development plan made to link the economic circle and promote the united development of the Beijing, Tianjin and Hebei metropolitan areas will be unveiled soon, the formulation of which is led by the National Development and Reform Commission (NDRC) to lift the economic contribution and social status of ...
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China Steered away from Unemployment
(Dec 02, 2011) Steering China away from inflation is as important as keeping the economic growth intact for economic issues can often brew social issues if not handled well. The former vice-chairman of the Standing Committee of NPC and Dean of School of Management of Graduate University of Chinese Academy of Sciences, Cheng ...
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