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ENERGY

Power Companies Push to Link Price of Domestic Power to Coal

An unnamed official from the National Development and Reform Commission (NDRC) has denied the central government is planning to link the price of domestic energy supply to coal in the near future, despite repeated lobbying from China’s five state-owned power groups and the China Electricity Council. Currently, 236 of the 436 thermal power companies that operate under the control of the five big st...

China Securities Journal | 2011-04-01

PRICE

Wholesale Price of Diesel Exceeded Official Retail Price in Some Areas on Tuesda...

According to data released by a market monitoring institution, the wholesale price of diesel in the Beijing and Tianjin area rose to 8,150 yuan per ton on Tuesday, exceeding the official retail price by 65 yuan per ton. Some price monitoring agencies also reported that the pump price for 0# diesel had already exceeded the official ceiling of 6.95 yuan per liter. The wholesale price of diesel has a...

National Business Daily | 2011-04-01

DEBATE

Debate as Urban Cemeteries Seek to Renew 20-year Service Contracts

As China's traditional Tomb-sweeping Day or Qingming Jie approaches, some cemeteries in Qingdao and Jinan have stirred public debate by seeking to renew expired 20-year service contracts. Debate has centered on whether these public cemeteries should collect administrative fees at all, and if they do, how much they should charge.

The Beijing News | 2011-04-01

DEBT

China's Foreign Debt Reached 549 Billion US Dollars by End of 2010

The State Administration of Foreign Exchange announced yesterday that China's foreign debt had reached 548.9 billion US dollars by the end of last year, a 120.3 billion US dollar increase on the size of the debt at the end of 2009. Short-term debt amounted to 375 billion US dollars, accounting for 68.4% of the total and up from the 344 billion US dollars recorded at the end of June 2010. The figur...

Financial News | 2011-04-01

DRUG

Basic Medicines to Carry Electronic Tag

The State Food and Drug Administration told a journalist with the Beijing Morning Post, that as of tomorrow, all the medicines included on the basic drugs list, will be electronically tagged, so that health authorities can monitor their distribution. As of April 1, all drug companies are required to print the code on the packaging of all such medicines before they leave the factory. A medicine wi...

Beijing Morning Post | 2011-03-31

HOUSING

Local Governments Told to Consider Adjusting Housing Price Targets

The Ministry of Housing and Urban-Rural Development yesterday issued a notice requiring local governments to seek public feedback on their published targets and to adjust their goals for limiting the pace of growth in the price of residential housing accordingly. So far, aside from Beijing, all the local governments that have released their growth targets, have stated that they aim to limit growt...

China News Service | 2011-03-31

POLICE

Villagers in Yunnan Protest Against Land Seizure and Relocation Policies

More than 2,000 villagers in Yunnan's Suijiang County blocked roads and scuffled with police, including the head of the local public security bureau, in a protest against land seizure and relocation polices from March 25 to 29. This is the first reported case of police becoming involved in a "mass incident" related to a land dispute since the Ministry of Public Security issued a notice prohibiting...

People's Daily | 2011-03-31