US Secretary of State Colin Powell arrived in Beijing for talks with Chinese leaders aimed at urging China to increase pressure on North Korea to revive stalled talks on its nuclear program. China is North Korea's biggest benefactor and as such is seen as the country with the most influence over the reclusive state. The […]
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The Industrial and Commercial Bank of China (ICBC), the country's largest commercial bank, saw its operating profit rise 21.5% year-on-year in the first three quarters of 2004. Profits hit US$6.9 billion for the nine months to the end of September, the rise coming despite worries about government lending restrictions eroding profits. The bank said it […]
A leading official from the government's environmental watchdog has called for changes to the law making it easier for members of the public to sue polluters. Pan Yue, the often-outspoken deputy director of the State Environmental Protection Administration (SEPA), said a special public interest litigation mechanism would help members of the public protect themselves against […]
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First property law set for 2005
China's first property rights law, guaranteeing the rights of individuals, companies and the state, to own and use property, is expected to come into force next year, reports said. The draft legislation is expected to be voted on at the annual session of the National People's Congress (NPC), China's top legislative body, in March, 2005. […]
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US socks it to Chinese socks
The United States imposed restrictions on the importation of Chinese socks, citing "both disruption and a threat of disruption" in the U.S. market by growing Chinese imports. The decision, announced days ahead of the US presidential election, is being seen as the first in a possible series of restrictions designed to protect US manufacturers resulting […]