Solution to potential crisis lies in deepening reform of the tax distribution system and expanding revenue sources The total amount of local government debt in China has been a sensitive and contentious issue for a…
Category: China
The World Trade Organization (WTO) released a report recently that says China’s export restrictions on nine raw materials – alumina, fluorite, manganese, metallic silicon, carborundum, yellow phosphorus, zinc, coke and magnesium – are inconsistent with…
Baidu Inc (BIDU.O), China’s largest search engine, has agreed with top music studios to distribute licensed songs through its mp3 search service, ending a legal dispute over accusations the company encouraged piracy. Baidu signed the…
China’s Ministry of Railways (MOR) was 1.98 trillion yuan ($294.87 billion) in debt at the end of the first quarter of 2011, causing its asset-liability ratio to reach 58.24 percent, CNTV reported Tuesday. The MOR…
The execution of the former vice-mayors of Hangzhou and Suzhou on Tuesday for taking huge sums of money in bribes, demonstrates the authorities’ resolution to fight against corruption. But the way both officials extracted bribes…
A rainstorm caused chaos in Beijing on June 23 paralyzing the city’s traffic and turning the city’s underpasses into treacherous hazards for drivers. In the wake of the torrential rains that have hit the city…
SHANGHAI – Yao Ming has made it possible for young Chinese basketball players to chase their NBA dreams and the country will produce more top quality players in the coming years, NBA all-star guard Kobe…
Public security and border defense authorities of northeast Heilongjiang Province officially set up a checkpoint for the new tourism destination of Heixiazi Island on Tuesday, a day before it opens to tourists. According to local…
Lack of skilled workers in Shanghai inhibiting sector’s development, He Wei reports While regulations are being finessed for the launch of the Shanghai international board, which would allow foreign companies to list on the Chinese…
2011 marks the 10th anniversary of China’s accession to the WTO and the second anniversary of the official launch of cross-border RMB trade settlement. The country has made rapid progress in opening up in the…