Economics & Trade

Poor response to recruitment drive

Organisers of a pioneering public recruitment drive to fill senior positions at stateowned enterprises

Suzhou Park registers its first profit

Diversification and financial assistance from the government helped Suzhou Industrial Park make a prof

Rare earth industry merger planned

China's plan to improve the prospects of its unprofitable rare earth industry includes consolidating m

More loss-making companies this year

The number of listed firms reporting losses for 2001 is likely to far greater than in 2000, Shanghai S

Pilot plan falls short of funds

Liaoning governor Bo Xilai said that his province's pilot scheme for a new social security network is

Foundation under investigation

The disciplinary commissions of the Communist Party and Youth League have launched an investigation in

Increase in organised crime cases

China's courts dealt with 350 cases of organised crime last year, 6.3 times the number in 2000, the Fi

New Shanghai mayor confirmed

Chen Liangyu, named as acting mayor of Shanghai in December when former mayor Xu Kuangdi was transferr

Leaders to step down next March

Premier Zhu Rongji and National People's Congress chairman Li Peng will both stand down at next year's

Big increase in defence budget

China's military budget for 2002 will be Yn166bn, 17.6 per cent higher than last year's total, Reuters

Premier promises welfare net

Premier Zhu Rongji has pledged more government spending on welfare and income support to cushion job l

Hidden debts 'under control'

The governor of the people's Bank of China, Dai Xianglong, told the National People's Congress that Ch

Regional engagement

China is keen to improve rail connections with its neighbours in order to sustain the country's rapid

Budget deficit to increase again

Finance minister Xiang Huaicheng told the National People's Congress that government expenditure in 20

New rules for foreign investment

A new list of sectors of the economy that are closed to foreign investment will come into effect on Ap

Inward investment continues to rise

Utilised foreign direct investment in China during the first two months of this year totalled US$5.87b

Indicators signal rise in demand

Consumer prices were unchanged in February from a year earlier, ending a three-month decline as demand

Oil data raises doubts about GDP growth

New official figures indicate that China's oil consumption may have declined in 2001.

Bank of China confirms theft of nearly US$500m

The president of Bank of China revealed that officials from the Kaiping branch had stolen US$483m from

China files its first WTO complaint

China has filed its first complaint to the World Trade Organisation since it joined the body last Dece

The countdown begins

Technically insolvent, inefficient and prone to government interference, China's largest banks are ill prepared to compete in a more competitive market post-WTO. But foreign banks will not have it all their own way.

Rules ease trade burden

Recently introduced regulations on import and export contracts bring important changes to the technology licensing regime in China.

China gets tough

With Beijing fast becoming more sophisticated on its transfer pricing enforcement, multinationals should add China to their list of countries that require careful and constant monitoring in relation to this issue.

Audi motors ahead

Helped by an intensive marketing campaign, the German automaker Audi has shed its image as a supplier of sedans for China's senior leaders to become the premium domestic car for successful individuals.

Reasons to act responsibly

Multinationals in China are beginning to appreciate that social responsibility means more than just writing the occasional cheque to a good cause, argues Nick Young.

Sony to open research unit

Sony Corporation plans to open a research and development division in the audiovisual equipment sector

Fans flock to buy World Cup tickets

Just days after tickets had become available, about 4,000 Chinese football fans signed up to watch the

Charter service investment

Shandong Airlines has established a Yn50m joint venture to offer charter services to Fortune 500 and s

Routes cut to reduce competition

The number of airlines flying between Beijing, Shanghai and Guangzhou is to be reduced to combat fierc

Beijing airport nears full capacity

Beijing International Airport is already approaching full capacity a little over two years after its c

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