NDRC researchers say Shanghai is the country’s most “open” region, after they took into account economic, technological and social factors, as well as the number of fast food outlets per resident.
Sinopec posted a 72 billion yuan profit in 2011, but it would have been 38 billion yuan higher had it not been for losses from selling refined products.
Similar to the restrictions in Beijing, cars will be restricted from driving on one day of the week according to the final digit on their license plate.
Two privately-owned pharmacy chains have applied to hold IPOs, which would make them the first publicly-traded firms from their sector on the A-share index.
Qian Yingyi, Chen Yulu and Song Guoqing have replaced Zhou Qiren, Xia Bin and Li Daokui as members of the committee which offers advice to the central bank on monetary policy decisions.
The government's intention to stick with real estate controls has been cited as a possible cause of a significant and unexpected fall on the Chinese stock market this afternoon.
Chongqing plans to invest $6 billion this year developing agriculture in Brazil, Argentina, Canada and other countries, officials from the municipality said.
The government’s total revenue may approach 15 trillion yuan in 2012 according to the budget report submitted Monday by the Ministry of Finance to the National People’s Congress, China’s top legislative body.
