China Economic ReviewThe Beijing municipal government signed the last of the four contracts it offered through a public bidding system to build and run Olympic venues. This means the government has successfully found financing for all six of the first batch of building projects for the Olympics. The government holds only a 15 percent stake in the […]
China offered a preferential loan of US$500 million to Pakistan for bilateral trade and economic cooperation, according to the Ministry of Commerce. The offer was made by President Hu Jintao during talks with visiting Pakistani President Pervez Musharraf. President Musharraf said that Pakistan was very interested in increasing trade ties with China and his government […]
The Chinese authorities hope that opening up the country’s capital markets to foreign investors will boost their efficiency. However, this outcome is unlikely to happen without improved access to information, writes Professor Michael Pettis of Tsinghua University.
Some Yn40bn is to be spent on providing basic living assistance to 20m rural residents who are disabled or too ill to work, reported South China Morning Post. The Ministry of Civil Affairs said the monthly stipend paid to each person would be decided by local governments and could vary from about Yn60 in Guangdong […]
The west African state of Liberia has switched diplomatic recognition from Taipei to Beijing. Taiwan accused the mainland of using a 'carrot and stick' approach to force Liberia to make the switch – the carrot being aid offers and the stick being a threat to interfere with the budget of the United Nations' peacekeeping force […]