China News Direct

 
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CSRC Lists Basic Requirements Of Financial Advisers
(Dec 03, 2010) China Securities Regulatory Commission (CSRC) released on December 2 minimum requirements of financial advisers in their due diligence operations concerning mergers, acquisitions and restructuring of listed enterprises. In the notice just issued, CSRC requires financial advisers to produce standardized due diligence reports. In handling cases of mergers, major asset restructuring, ...
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PMI Rises, Hinting Inflation
(Dec 02, 2010) China Federation of Logistics & Purchasing (CFLP) has reported China's official purchasing managers index (PMI) which grew 0.5 percentage point month-on-month to 55.2% in November. A higher PMI in November foretells positive economic prospects, says Zhang Liqun, an analyst who also notes that the growth in GDP and industries are ...
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Shanxi Near GDP Target Of RMB1Tn
(Dec 02, 2010) The GDP value of Shanxi Province is expected to top RMB1 trillion in 2011, according to Jiang Xinwen, a spokesman of the provincial government. Shanxi's GDP amounted to RMB412 billion in 2005 and is estimated to exceed RMB800 billion this year. Jiang attributed the remarkable growth to infrastructure facilities completed ...
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Zhejiang Pumps RMB3.6Bn To Lift Poor Counties
(Dec 02, 2010) Zhejiang Province has announced that it would spend RMB3.6 billion in the coming three years in helping residents of the province's six least developed counties, trying to lift their incomes. The six least developed counties to receive provincial supports are Taishun, Wencheng, Kaihua, Songyang, Qingyuan and Jingning. They are remotely ...
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Sichuan Announces 12th Five-Year Blueprint
(Dec 02, 2010) Sichuan Province has drafted up a blueprint for its economic and social development in the 12th Five-year Plan (2010-2015) period. Sichuan aims to become an integrated transportation hub in western China. It will speed up construction of railways, high-speed railways and expressways for connection to key economic areas in Beijing-Tianjin-Hebei ...
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Electricity Supply To Obsolete Units Should Be Curbed
(Dec 01, 2010) The Ministry of Industry and Information Technology (MIIT) called for stable supply of electricity to a number of industries including sugar processing, diesel and gas transport and production of fertilizer. MIIT's latest announcement on November 29 called for electricity supply to essential industries that have an impact on commodity supply ...
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China's Policies Work In Stabilizing Prices
(Dec 01, 2010) The Chinese government is released the dire pressure to launch more policies as previous ones that intervene price surges and ensure supply of daily basic necessities have worked. National Development and Reform Commission (NDRC) has claimed success in keeping prices stable but reiterates that the market and commercial principle will ...
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China Said To Open Public Healthcare Sector
(Dec 01, 2010) According to an exclusive report by Shanghai Securities Journal, the Chinese government will soon announce policies encouraging private entities to invest in public healthcare services. It is said emphasis would be laid in areas of new technology, new research institutes and specialized hospitals. Xu Tianhong, a healthcare industry expert at ...
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Fujian's Jinjiang To Upgrade Seven Urban Districts
(Dec 01, 2010) Jinjiang City, under Quanzhou City of Fujian Province, is investing RMB100 billion in upgrading urban facilities in seven districts including Meiling, Binjiang, Qingyang, Anhai, Neikeng, Jinjing and Chengbei. The gist of the urban upgrading is improvement of transportation and improvement of ecological environment, which touched land of 60,000 mu (1 ...
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China Orders Drug Price Reduction
(Dec 01, 2010) National Development and Reform Commission (NDRC) has just ordered to lower the maximum retail prices of 17 categories of separately priced drugs, including some cardiovascular and cerebral-vascular drugs, by 19% on average. The move could help the public save RMB2 billion, according to NDRC which says it would keep lowering ...
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