China Economic ReviewA report recommending that salaries of senior executives in state-owned enterprises (SOEs) be increased to match those paid in private and foreign-funded companies has been handed to the State Council, according to a website run by Nanfang Daily. The increases should help SOEs retain talented staff. The report was drawn up by a taskforce of […]
China plans to launch about 10 rockets, satellites and spacecraft in 2002, Xinhua news agency reported. One of the missions will launch a weather forecasting satellite in the first half of this year. The satellite will provide data for long-range weather forecasting, including monitoring conditions for the 2008 Olympic Games in Beijing.
China’s three biggest airlines had combined losses of Yn80m in 2001, narrowing from a loss of Yn350m in 2000, according to the State Economic and Trade Commission. The three are Air China, China Eastern Airlines and China Southern Airlines. Air China claimed to have reversed three years of losses to book a profit of about […]
The State Council has approved a plan to create three large Chinese airlines capable of competing internationally. Under the plan, the nine carriers directly under the control of the Civil Air Administration of China CAAC) will be merged into three groups. Three additional group companies will be set up to trade jet fuel, supply aviation […]
Sales of corn produced in Jilin province have fallen dramatically, apparently because of the effect of lower-priced imports now that China is a member of the World Trade Organisation. South China Morning Post quoted the head of the provincial farm bureau,Wang Shouchen, as saying that in the traditionally busy period before the Spring Festival, Jilin […]