Airports in China will be encouraged to seek foreign investment and list on overseas stock exchanges, said a deputy director of the Civil Aviation Administration of China, Bao Peide. The move is part of the CAAC’s programme to sever its ties with the airports and turn them into financially independent operations run by regional governments, […]
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A survey of executive salaries given in listed companies’ annual reports for 2001 found that the highest amount paid was Yn7.5m to the top manager of Guangdong Kelon Electrical Holdings, which made a net loss of Yn1.57bn for the year, South China Morning Post said. This was the third year in a row that Kelon […]
Some employers have begun to shun graduates from the elite Peking (Beijing) and Tsinghua (Qinghua) Universities saying that their expectations are too high, South China Morning Post said. The trend was first noticed at a graduate recruitment fair in Beijing in March when Twoloop International, an American auto-parts company, put a sign on its stand […]
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Money supply growth on target
China’s broad money supply (M2) at the end of May was 14 per cent higher than at the same time last year, according to the People’s Bank of China. The growth rate, down slightly from the 14.1 per cent increase recorded at the end of April, was exactly in line with government targets. Narrow money […]
The value of China’s industrial output rose in May by 12.9 per cent year-on-year, the highest growth rate since December 1998, according to the National Bureau of Statistics. The bureau said that the electronics, telecoms gear, transport and electrical equipment industries accounted for more than 41 per cent of the month’s growth. Industrial growth is […]