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COES

Chinese Oil Giants Rake in 265 Billion Yuan in Profits

China’s three leading oil giants, Sinopec, Petro China and China National Offshore Oil Corporation (CNOOC) earned combined profits of 264.99 billion yuan last year, indicating an average profit of 730 million yuan per day. The reported profits have triggered suspicion and outrage among Internet users because, as analyst Yu Fenghui put it, consumers always end up paying the price for oil industry p...

Beijing Morning Post | 2011-03-29

ENVIRONMENT

Ministries to Conduct Inspection of Lead Battery Manufacturers

A video conference was held yesterday by nine ministerial agencies, including the Ministry of Environmental Protection, the National Development and Reform Commission, the Ministry of Industry and Information Technology, to discuss a full inspection of lead battery manufacturers responsible or illegal, environmentally-destructive activities. The conference also discussed close supervision of pollu...

China Securities Journal | 2011-03-29

PANIC

Rumors of Price Rises Trigger Panic Buying in Shanghai

Rumors that producers were planning to raise the prices of basic daily products such as soap, detergent and shower gel sparked panic buying at some Shanghai supermarkets on Friday and Saturday. According to a source close to the Shanghai Municipal Commission of Commerce, it wasn't until about 1pm on Saturday afternoon that the situation began to calm down and basic items were re-stocked at all of ...

Oriental Morning Post | 2011-03-28

POLITICS

Party Central Announces Personnel Shifts in Several Key Provincial Positions

After approval of the Central Committee of the Chinese Communist Party, Beijing, Shangdong and Jiangsu announced the appointment of several new senior officials in their respective municipal and provincial party committees. Three of the individuals who have been promoted were born in the the 1960s, an indication that a new generation of officials is gradually emerging. Two of the newly appointed c...

Southern Daily | 2011-03-28

SOFTWARE

Provincial, Municipal and County Governments Given Until November to Make Shift ...

While visiting Guizhou on Wednesday, He Hua, the fdeputy director of the State Intellectual Property Office (SIPO), told reporters that according to State Council requirements, by the end of October this year, all provincial, city and county governments across the country will have inspected the process of switching to non-pirated software on all official computers. Mr. He also said that businesse...

Beijing Tines | 2011-03-25

COURT

Supreme Court Upholds Death Sentence for 7 Individuals from Xinjiang

The Supreme People's Court recently approved thedeath sentences handed down to seven individuals sentenced by an intermediate court in Kashgar for their involvement in the murder of nine people in 2008. Other individuals involved in the case also received life sentences and suspended death sentences. According to the Kashgar intermediate court, between June and October 2010, the 12 individuals cam...

Lianhe Zaobao | 2011-03-25

POLICY

Central Government Orders Increased Supervision of Local Implementation of New R...

Yesterday, the Central Commission for Discipline Inspection and Ministry of Supervision issued a notice requiring local discipline inspection and supervision departments at all levels to strengthen supervision and inspection of the implementation of land acquisition policy in order to halt and rectify any illegal acquisition of land or acts of demolition. The announcement follows the release of am...

The Beijing News | 2011-03-25