Categories
Economics & Trade

Foundation under investigation

The disciplinary commissions of the Communist Party and Youth League have launched an investigation into alleged financial irregularities by the China Youth Development Foundation, South China Morning Post said. Accusations were made by Liu Yang, formerly the foundation’s accountant. The foundation oversees the charity Project Hope, which promotes education in povertystricken areas. According to the […]

Categories
Economics & Trade

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 Financial Times said. The figures were included in the annual report to the National People’s Congress by Xiao Yang, president of the Supreme People’s Court, which also detailed a sharp rise in violent crimes and an increased […]

Categories
Economics & Trade

New Shanghai mayor confirmed

Chen Liangyu, named as acting mayor of Shanghai in December when former mayor Xu Kuangdi was transferred to Beijing, has been confirmed as mayor by the Municipal People’s Congress, Xinhua reported. The 56- year-old Chen is a native of Zhejiang province who worked in industry and government before becoming vice-mayor and deputy secretary of the […]

Categories
Economics & Trade

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 session of the congress, which will also formally approve their successors, an NPC spokesman told Reuters.  However, their successors will not be nominated until the five-yearly Communist Party Congress due to be held later this year. At […]

Categories
Economics & Trade

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 reported. Giving the figure in his budget speech to the National People’s Congress, Premier Zhu Rongji said that the funds would be used to improve the army’s defence capabilities and raise the salaries of army personnel. Analysts quoted […]