A number of policies were unveiled in May and June to promote private investment in sectors dominated by state-owned enterprises. This wave of measures was a response to a July deadline set by the central government this year. Industry experts welcome the long-waited move, but remain cautious about the real impact of hasty regulation. In [...]
(Beijing) – The Communist Party recently expelled former railways chief Liu Zhijun for disciplinary violations and handed the case to judicial authorities for a criminal trial. The progress for Liu's prosecutors parallels efforts to speed up financial and operation reforms at the Ministry of Railways, which runs the nation's network of passenger and freight lines, [...]
Editor's Note: China Daily business reporter Zheng Yangpeng recently took a tour to find out how once export-oriented companies are coping with the consequences of the global economic crisis and, if possible, using them to change themselves into more competitive businesses. He visited Suzhou in Jiangsu, a province in the Yangtze River Delta, and Guangzhou [...]
TORRENTIAL rain has swept across large parts of south China over the past few days, disrupting the lives of millions of residents. The provinces of Hunan, Guizhou, Jiangxi and Sichuan, as well as Guangxi Zhuang Autonomous Region, reported several days of downpours, triggering floods or landslides in some areas. Rainstorms affected nearly 740,000 people in [...]
CHINA'S largest insider trading case drew to a close yesterday with the Shanghai No.1 Intermediate People's Court due to give its verdict at a later date. Li Xuli, 39, former investment director of Shanghai-based Bank of Communications Schroders Fund Management Co, was detained last August on suspicion of exploiting private information in two stocks in [...]
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