Ford Motor Co (F.N) is aiming to expand its presence in the fast-growing auto markets of India and China with an eye toward increasing the number of vehicles it sells per year by 50 percent by the middle of the decade.
China, the world’s biggest energy consumer, may sign a deal to import Russian natural gas ahead of President Hu Jintao’s visit to Russia later this month, Assistant Foreign Minister Cheng Guoping said.
According to a source within China's statistics bureau, at the end of March, high-level government officials led an investigation into the leaking of official economic figures ahead of their release. The source revealed that many middle-level officials ha
30 Provincial-level governments adjusted the official minimum wage during 2010, with the minimum wage figure increasing by an average of 22.8% across all regions, according to data included in the Regional Financial Operations Report for 2010 published by
The State Council recently published an announcement on efforts to improve the employment situation for university graduates. Among the policies aimed at making it easier for recent graduates to find employment, the central government said that it will be
Liu Xiquan, one of the deputy heads of Beijing's Chaoyang District, was taken away for investigation in mid-May. No official announcement has been made about the official's absence and his details still appear on the Chaoyang government's official websit
The State Council announced yesterday that a new pension system will be launched on July 1 this year. The new system will first be rolled out across 60 percent of China's cities and townships by the end of this year before being introduced nationwide in 2
Wu Xinxiong (吴新雄), who was only removed from his position as governor of Jiangxi province on May 31, has been named as the new Chairman of China's energy regulatory body. The new appointent was announced today at an internal meeting of the State Electrici
According to stock market data, 27 new stocks listed on China's two main domestic boards in May, accounting for a total of 26.4 billion yuan in additional market capitalization, an increase on the amount raised through new stock listings in April.
Following a shake-up in the high-level management of China's state-owned oil giants last month, rumors are starting to circulate that more executives might be moved from China's largest centrally-controlled state-owned enterprises.
China's official Purchasing Managers Index (PMI) fell to 52.0 in May from 52.9 in April, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, revealed earlier this morning.
The National Bureau of Statistics will release China's Consumer Price Index (CPI) for May next week and analysts are predicting that based on the slight rise in pork, eggs and other food prices, the CPI figure for May may have risen between 5.4% and 5.5%.
Despite the severe drougths affecting various regions of the country, the Minister of Agriculture yesterday predicted that this summer's grain harvest would be sizeable. Han Zhangbin, said that policies introduced by the central government to help deal wi
Following the second meeting to discuss national support and assistance for the Xinjiang Autonomous Region in Beijing this past weekend, according the region's 12th 5-year plan, total social investment of 3.6 trillion yuan over the coming 5 years is likel
The country's external financial assets expanded 19 percent from a year earlier to 4.1 trillion US dollars by the end of 2010, boosted by increased foreign exchange reserves and overseas investment, the State Administration of Foreign Exchange (SAFE) reve
As of June 1, 15 provinces and municipalities across China will lift the price of electricity used for industrial, commercial and agricultural purposes by an average of 0.02 yuan per kilowatt-hour.
