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COMPANIES

Huawei Reports 185.2 Billion Yuan in Sales Revenue in 2010

The Shenzhen Huawei Technology Group published its 2010 report today. According to the report, Hawei’s sales revenue reached 185.2 billion yuan last year, up 24.2% from the year before. The company earned net profits of 23.8 billion yuan, creating a net profits ratio of 12.8%.Huawei also published an additional report listing its board of directors and its board of supervisors.

Phoenix News | 2011-04-18

HOUSING

Xi'an Asked to Reset Housing Price Target

The investigation team of the State Council is requiring that Xi'an, the capital of Shaanxi Province, adjust its housing prices targets based on the "interests and recommendations" of locals. Xi'an originally set its housing price target at a 15% increase from last year. Xi'an will not be the only city required to reset targets by the investigation team of the State Council.

Jinan Daily | 2011-04-18

PRICE

First Homebuyers without Beijing Hukou Permitted to Purchase Low-cost Housing

As part of the city's efforts to rein in soaring housing prices, the government has encouraged the construction of "restricted housing" - or small to medium-sized apartments that are targeted at low to mid-income families. A lottery set up to determine which families will be able to purchase apartments at the first of the capital's "restricted housing" projects began yesterday. The price of the a...

The Beijing News | 2011-04-15

PRICE

Shanxi to Lift Price of Electricity

The National Development and Reform Commission (NDRC) has permitted Shanxi Province to lift the price of power supplied through the province's electricity grid by 0.026 yuan per kilowatt-hour, making Shanxi the first province to increase power prices. The increased price will not be passed on to end consumer but will be shouldered by the companies that run the province's power grid.According to an...

21st Business Herald | 2011-04-15

SPEND

Ministry of Science and Technology Reveals How Much it Spends on Overseas Trips,...

The Ministry of Science and Technology plans to spend 401.87 billion yuan on overseas trips, the purchase and maintenance of government vehicles and hosting official events, over the coming year according to an announcement published on its website yesterday. The ministry is the first central government department to release the details of how much it spends on what in Chinese are referred to as...

The Beijing Times | 2011-04-15

ECONOMIC DATA

Website Leaks China's March CPI Figure: Rumored to be Up 5.3-5.4% YOY

Phoenix TV Online cited an unnamed source in a report that appeared on their website earlier today, claiming that China's official consumer price index (CPI) for March, which is due to be officially released by the bureau of statistics tomorrow morning, will be up by between 5.3 to 5.4 per cent year-on-year. In February, the growth rate was 4.9%. The article also claimed the China's broad money su...

Wall Street Journal (Chinese) | 2011-04-14

PRICE

NDRC Rumored to be Raising Power Prices in Some Areas

The National Development and Reform Commission (NDRC) is rumored to be planning electricity price rises in some areas of the country where the gap between rising coal prices and the price of electricity has expanded. Power plants that rely on coal to produce electricity, have been lobbying the government to link the price of electricity to the price of thermal coal.

Caijing | 2011-04-14