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04/19/2012

Bo’s Probe Applauded as Demonstration of Transparency, Resolution

BEIJING, April 18 (Xinhua) — An investigation into ex-senior official Bo Xilai over discipline violations has demonstrated the Communist Party of China's resolution and transparency in self-discipline, officials, scholars and netizens have said. The CPC Central Committee announced last week that it would suspend Bo's membership in the CPC Central Committee Political Bureau and the [...]

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04/19/2012

China Calls for Dialogue on Korean Peninsular Issues

BEIJING, April 18 (Xinhua) — China on Wednesday called for dialogue and consultation to address the Korean peninsular issues, saying they were the only correct choices. "China hopes to see the involved parties remain calm and restrained, and maintain contact to continue to promote the denuclearization process on the peninsula", Chinese Foreign Ministry spokesman Liu [...]

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04/19/2012

China Summons Philippine Envoy

Chinese Vice Foreign Minister Fu Ying summoned the charge d'affaires of the Philippine embassy in China Wednesday for the second time in days over the recent standoff between Beijing and Manila over Huangyan Island in the South China Sea, the Xinhua News Agency reported. Fu said the harassment of Chinese fishermen by a Philippine naval [...]

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04/19/2012

State Council Releases Medical Reform Plan

Chinese authorities yesterday issued a detailed medical reform blueprint, vowing to speed up the establishment of a universal healthcare system and resolve problems in medical services such as hospitals profiteering from drugs sales. According to the announcement issued by the State Council, the country will further expand healthcare coverage, making sure at least 95 percent [...]

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04/19/2012

Need for More Provisions on Bad Loan Fears

CHINESE financial institutions have been required by authorities to allocate more provisions to cover possible rises in loan impairment amid a slowdown in the world's second-largest economy. In a move to tighten the banking sector's risk prevention and control, the Ministry of Finance ordered financial enterprises to keep 1.5 percent of their gross loans as [...]

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