China Economic ReviewA former Communist party local legislator turned notorious gangland kingpin was executed immediately after the Supreme People's Court overturned an earlier ruling and handed down the death penalty. It was the first time since the 1980s trial of the Gang of Four that a criminal case had gone before the court. Liu Yong was sentenced […]
China's communist party announced it would amend the country's constitution for the fourth time since it was drawn up in 1982, including a clause on the protection of private property as well as references to the political theory of former president Jiang Zemin. The move to give equal status to private and public ownership is […]
Individuals will soon be legally allowed to conduct foreign trade from China instead of having to go through a powerful state monopoly, according to a draft amendment of the Foreign Trade Law. According to the amendment being considered by China's top legislature, the National People's Congress, all individuals, legal entities and organizations can take part […]
French utilities group Veolia Environnement said it signed a contract to invest euro 100 million (US$124 million) to manage water supply and treatment in Shenzhen. The transaction comes with a 50-year contract and will bring in an estimated euro 8.5 billion (US$10.55 billion), the company said. Under the deal, Veolia Water and its investment partner, […]
The government said it plans to create nine million jobs in 2004 and keep the official registered unemployment rate in cities below 4.7%. The targets for 2003 were eight million new jobs and a 4.5% unemployment rate. But even state media reports say that the government's statistics fail to reflect the true unemployment situation and […]