Economics & Trade

New police unit to be formed

A special bureau to lead and co-ordinate China's campaign against terrorism will be established by the

Favourable tax rate to be phased out

A director of the State Administration of Taxation confirmed that China would scrap its favourable 15

More investment allowed in state firms

The State Development Planning Commission will encourage greater foreign investment in state firms ove

Investment rises 15 per cent in 2001

Actual foreign direct investment in China in 2001 rose 14.9 per cent year-on-year to US$46.85bn, said

Nearly half of Taiwan ventures in profit

A survey of investment by Taiwan companies in mainland China found that 47 per cent made profits in 19

Fujian trust firm closes

Fujian International Trust and Investment Corporation (Fitic) was closed in early January, an official

GDP growth likely to hold firm

China's gross domestic product is likely to grow 7.5 per cent in 2002, said the chairman of the Econom

Savings rise as jobless fears mount

The government needs to create at least 8m jobs this year to keep the urban unemployment rate to withi

Budget deficit to grow in 2002

China's finance minister, Xiang Huaicheng, said he expected a "bloated" budget deficit in 2002 as the

Ban on fireworks production

An explosion at a fireworks factory in Jiangxi province in late December killed at least 39 people.

BP funds clean energy centre

BP, the world's second largest oil group, is to contribute US$10m to a clean energy research centre in

ADB to fund anti-pollution drive

The Asian Development Bank has approved a US$147m loan to tackle acid rain in central Anhui province.

Pledge to cut pollution levels

China has pledged to cut the amount of sulphur dioxide, industrial dust and other major polluting wast

High-tech makeover

The southern city of Shenzhen is being transformed from paddy field to a Chinese Silicon Valley, with

Foreign investors take control

Figures from the Ministry of Foreign Trade and Economic Co-operation (Moftec) indicate a strong recove

Oil price fall raises deflation threat

The jury is still out on whether China is experiencing a return to price deflation, but there are sign

Slowdown in investment boom

Recent statistics on the growth of fixed-asset investment point to worsening market conditions for man

Misconduct fine for bank

Bank of China has agreed to pay US$20m to US and Chinese regulators because of 'misconduct' by former

Work starts on hydro station

China has begun construction work on a hydroelectric power station in Yunnan province that neighbourin

Specific WTO commitments on goods and services

Tariffs, Banking, Telecommunications, Textiles, Agriculture

Terms of accession

After nearly 15 years of strenuous efforts, China finally joined the World Trade Organisation on November 11, 2001.

China formally joins WTO

The November meeting of the World Trade Organisation in Qatar, approved the applications by China and

New policy on aid to China

In response to mounting domestic criticism of its programme of official development assistance to Chin

Talks fail to resolve trade dispute

China and Japan held three rounds of talks in November to try to resolve their trade dispute but still

Plan for Asean free trade area

China and the 10-member Association of South-east Asian Nations (Asean) have agreed to start negotiati

Fewer deals at Guangzhou trade fair

The Export Commodities Fair held in Guangzhou in October 2001 had fewer visitors and a smaller volume

China's accession to the World

The World Trade Organisation will produce a sharp increase in imports as tariff barriers are lowered a

Trade surplus set to shrink further

China will face increased pressure to balance its trade foreign trade in 2002, according to a report b

Impact on exports to be felt in 2002

China's exports have begun to feel the effect of the September 11 attacks on the US and the impact wil

Exports to US fall in October

China's exports to the US rose by 4.3 per cent year-on-year in the first 10 month of 2001 to US$45.18b

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