The National Development and Reform Commission (NDRC) has agreed to begin working alongside China Development Bank (CDB) and the Shenzhen Stock Exchange to support the development and innovation of high-tech enterprises, Xinhua reported (in Chinese). The NDRC, China's top planning agency, signed memoranda of understanding with CDB and Shenzhen Stock Exchange. Under the agreements, CDB […]
Category: Economics & Trade
The value of the yuan is expected to fluctuate slightly this week due to the effects of the slowing trade surplus, state media reported. China's trade surplus shrank to US$23.91 billion in September from US$24.97 billion in August, according to the General Administration of Customs, a figure that still exceeded economists' expectations for the month. […]
[photopress:real_estate_Beijing_apartments.jpg,full,alignright]There is going to be a tightening up on the checks carried out on people buying low-cost, government-subsidized housing. An official with the Beijing Construction Commission said that stricter criteria will be introduced. Cheng Jianhua, vice-director of the commission’s housing management department, said, ‘Family assets, including existing housing, cars, stocks, savings and jewelry will be […]
[photopress:Hotels_Home_Inn.jpg,full,alignright]David Sun is chief executive officer of Home Inns & Hotels Management. (HMIN) With a string of 200 budget hotels across China, his company caters for frugal travelers. It’s a big market. The demand for hotel beds is booming, with growing domestic tourism and business travel. Industry observers think the young firm — which had […]
A further 4 million people will be moved away from the Three Gorges Dam area over the next 10 to 15 years because of environmental damage, the government has announced. This is three times the number initially displaced. The relocation plan is seen as further evidence that the hydroelectric dam, which was supposed to be […]