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The Communist Party of China (CPC) on Wednesday issued the full text of a proposal that will play a crucial role in shaping the country's development over the next five years. The document, the CPC Central Committee's Proposal on Formulating the Twelfth Five-year Program (2011-2015) on National Economic and Social Development, was adopted at the Fifth S...
BEIJING - The Communist Party of China (CPC) Central Committee has proposed guidelines for mapping out a blueprint for China's development over the next five years, saying the transformation of economic growth mode should be the priority. Xinhua acquired Wednesday the full text of the Communist Party of China (CPC) Central Committee's Proposal for Formu...
China will hold an auction for six shale gas exploration blocks by early November, Reuters reported on Wednesday, citing a government official. Zhang Dawei, deputy chief of the strategic planning center at the Ministry of Land and Resources, told Reuters on the sidelines of a conference that the option would be for six shale gas blocks in various province...
The government is planning to raise the country's poverty bar from 1,196 yuan ($180) to as much as 1,400 yuan, the 21st Century Business Herald reported on Wednesday. "The poverty line we use now was set just to meet people's basic caloric intake, but the new bar will add in other living standards," an official at the State Statistics Bureau told the ne...
BEIJING - China's stocks fell for a second day to below 3,000 points Wednesday, as coal, non-ferrous metal shares retreated from recent gains. The benchmark Shanghai Composite Index was down 1.46 percent, or 44.49points, to close at 2,997.05. The Shenzhen Component Index retreated 2.02 percent, or 277.79 points, to finish at 13,452.2. Combined turnov...
Ford Motor said its top Asia executive, Joe Hinrichs, will assume the additional role as chairman and CEO of its China operations, effective Nov 1, replacing Robert Graziano, Reuters reported on Wednesday. Graziano will succeed Marin Burela as president and chief executive of Ford Australia and New Zealand, Ford said in a statement on Wednesday. Burela,...
Many State-owned enterprises in sector suffering from 50 percent losses this year BEIJING - Chinese power generators are likely to suffer losses this year as higher coal prices continue to erode profit margins, industry figures showed. Hong Kong-listed Huaneng Power International, China's largest electricity provider, said on Monday that its third quar...
Labor costs, infrastructure and market attracting firms to region BEIJING - Cheap and qualified workers as well as a growing consumer market and maturing infrastructure are helping to turn China's central region into a popular destination for foreign and domestic investment, many companies have said. Earlier this month, Pfizer, the world's largest pha...
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