THE number of Chinese companies in the Fortune 500 global list continues to rise after it hit a record high and surpassed the number of Japanese firms for the first time last year. The Fortune 500 list for 2012, released yesterday, names 79 Chinese companies, 10 more than in 2011 and the ninth consecutive year [...]
A "home leave" provision added to a draft law amendment for improving care for the older generation has provoked debate about the role employers should play in ensuring care for senior citizens. The provision, added to a draft amendment that was submitted on June 26 to the national legislature for deliberation, states that relatives of [...]
China invested 507 billion yuan (80.48 billion U.S. dollars) in government-subsidized housing in the first half of this year, according to figures released by the Ministry of Housing and Urban-Rural Development on Monday. In the first six months of 2012, local authorities began constructing 4.7 million affordable housing units, compared to 3.46 million units in [...]
Officials face removal from their posts if they are found overspending on vehicles, receptions and overseas trips, according to new regulation released on Monday. The regulation issued by the State Council are the first legal documents that ask authorities above county level to include spending on the three items in budgets. The rules will take [...]
CHINA'S inflation grew at its slowest pace in 29 months in June, weaker than expected and allowing more room for policy easing to encourage growth in the world's second-largest economy to stave off a deepening downturn. The Consumer Price Index, the main gauge of inflation, rose 2.2 percent from a year earlier last month, the [...]
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