China's fiscal revenue growth slowed sharply in 2012 due to an economic downshift and tax breaks, the Ministry of Finance (MOF) said Tuesday.
An employer who postpones paying a worker 5,000 yuan ($804) may face up to seven years in prison, according to an interpretation of the part concerning delayed wages in Criminal Law.
Quality watchdogs have prevented criminals from making billions of yuan from IPR violations, largely thanks to tighter links with police. Yet experts warn that many obstacles still remain in China's fight against fakes.
Executives of a Japanese company made basic concessions to the demands of their labor force on Tuesday, after outraged workers trapped management staff, including 10 Japanese, in their offices when protesting against new regulations last week.
China will quicken the opening up of the capital market in 2013, by attracting more foreign investors and facilitating the development of asset management and futures businesses, the country's top securities regulator pledged on Tuesday.
An increasing number of middle-class Chinese are buying luxury goods outside the Chinese mainland, with more overseas travel driving the trend, a KPMG report said on Tuesday.
Despite rising labor costs and an aging population, China is still regarded as the top destination for manufacturing, says an int'l report on Tuesday.
China's land watchdog says it will work to prevent abuses of land rights, as the demand for space is expected to surge this year.
Short-term insurance payments covering solar exports amounted to $150 million in 2012, up 161.4 percent year-on-year.
China Resource Vanguard Co Ltd said its 2012 sales revenue reached 94.1 billion yuan ($15.13 billion), and that it opened 782 new stores last year despite the country’s sluggish retail environment.
China's Finance Minister called for strengthened efforts to manage local government debt during a tour to Hebei province, according to a statement published by the ministry on Jan 21.
Anhui Jianghuai Automobile Co Ltd, an automaker whose history dates back to 1964, is set to produce 100,000 electric vehicles by the end of the 12th Five-Year Plan (2011-15) period.