Changes needed to avoid middle income trap: WB chief

2011-09-02 10:00:39

China's economic growth has been a source of strength in the crisis, but the nation also needs structural changes to stave off a "middle income trap", World Bank President Robert Zoellick said Thursday.

Pollution scandal brings halt to projects

2011-09-02 09:06:01

The country's environmental watchdog will suspend reviews of all new industrial projects in Qujing, Southwest China's Yunnan province, until the city cleans up its toxic chromium slag and remedies polluted soils, a senior official said on Thursday.

Import taxes exempted for oil-drilling goods

2011-09-02 11:52:40

In an effort to support oil and gas drilling, the Chinese government has issued tax exemption incentives for drilling programs in China.

No tax on adding spouse's name to property certificate

2011-09-02 09:59:34

China's finance ministry said Thursday that married couples will not be taxed for adding a spouse's name to the property ownership certificate, which came in wake of local tax bureaus' recent introduction of such taxation policies.

Railway passenger numbers hit record in July-Aug

2011-09-02 14:48:10

The Ministry of Railways said Friday that the country's railways transported a record number of passengers during the summer travel season, which lasted from July 1 to Aug 31.

Fitch reiterates warning on China's banking system

2011-09-02 13:38:52

Fitch Ratings Inc again warned of significant risks to China's banking system over the next few years, saying the property market poses the biggest threat.

Vice-Premier Wang calls for tourism development

2011-09-02 13:24:29

Chinese Vice-Premier Wang Qishan on Thursday called for China's tourism sector to shift development priorities from quantity to structure, quality and efficiency.

China collecting new sources overseas to provide iron ore

2011-09-02 10:03:11

China, the world's largest steelmaker and iron ore consumer, is further diversifying its overseas ore supplies by significantly increasing imports from non-traditional countries, an industry official said on Thursday.

Equities slide to lowest in a week

2011-09-02 14:55:12

Stocks on the Chinese mainland fell, driving the benchmark index to the lowest level in a week, after export orders slumped and Premier Wen Jiabao said the government won't alter economic policies amid concerns about inflation.

Top bank in Africa boosting business in yuan

2011-09-02 11:34:19

Standard Bank Group, Africa's largest bank by assets, is boosting its yuan business in a move to capitalize on the growing trade between China and Africa and the rising influence of the Chinese currency on the continent.

Apple, NGO to discuss alleged pollution

2011-09-01 09:10:26

Apple Inc proposed on Wednesday to hold a conference call with various environmental protection organizations to discuss their recent findings about its suppliers

CBM gas producers get a boost

2011-09-01 09:16:15

China will waive import duties for the fast-growing imports of equipment for coalbed methane (CBM) exploration and development projects during the 12th Five-Year Plan (2011-2015)