The National Bureau of Statistics (NBS) announced that it will launch a national economic census in 2004 to improve its data collection and by extension, its national economic statistics. Officials at the NBS said that the changes in sampling of economic data could end up affecting more than 40 years of GDP numbers.
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The Chinese government issued new rules for registrars, companies that manage Internet addresses. Mainland registrars must now have at least RMB 1 million in start-up capital. They must also have at least 15 employees and offer 24-hour customer service. According to the Ministry of Information Industry, registrars must also have "strict and effective mechanisms for […]
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Danone increases Guangming stake
Guangming Dairy & Food Co announced that Danone Asia purchased a 3.85 percent stake in the Shanghai-owned dairy products maker. Danone paid RMB 121 million (US$14.6 million) for the stake, which raised its holding in Guangming to 7.7 percent.
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New SOE measures introduced
Li Rongrong, minister in charge of the State-owned Assets Supervision and Administration Commission of China's State Council announced that China will take five measures to restructure and reorganize state-owned enterprises (SOEs). The measures Li introduced are: One, to encourage more SOEs to list in the domestic market through the introduction of domestic and foreign investment. […]
Sun Microsystems Inc announced that it reached an agreement with a Chinese technology consortium which will facilitate distribution of its Java Desktop System within the Chinese market. China Standard Software Company (CSSC) chose Sun as its preferred technology partner in order to provide a national standard desktop software system. The licensing agreement between the CSSC […]