China Economic ReviewHong Kong's interim chief executive Donald Tsang is on course to be the next permanent chief after chairman of the pro-business Liberal Party James Tien announced he would not run for the post after consulting Beijing, which he said favors Tsang, the Wall Street Journal reported. Tien's announcement led other hopefuls to withdraw from the […]
China's State Administration of Taxation said it collected RMB756bn (US$91.4bn) in the first quarter, up 20.4% from a year ago, leading some experts to suggest that excessive investments in some overheated sectors that Beijing had tried to rein in remain unabated, state media reported.
To meet a WTO requirement, Beijing is likely to relax restrictions on China's coke exports next year by implementing a bidding system for coke producers to obtain export licenses, replacing the current government issuance system, state media reported, citing an unnamed official from China Coal & Coke Holdings Ltd. The change is expected to impact […]
Saying "conditions are right to start trial sales of state shares", the China Securities Regulatory Commission suggested it may soon launch the long-awaited program allowing the government to sell off its holdings in listed companies, according to media reports. Untradable state shares, which account for 70% of the shares of China's listed shares, have been […]
China's foreign direct investment (FDI) declined 7% year-on-year in February, to US$3.9bn, according to the Wall Street Journal, citing official data. Analysts say the drop could be a sign that the investment rush following China's WTO entry in 2001 is abating.