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LAND

Land Supply to be Tightened

China's land supply will be tightened in the future and there will be more illegal land usage cases as a result, Gan Zangchun, member of the CPC committee of the Ministry of Land and Resources, said at a State Council Information Office press conference to mark the release of the 2010 land inspection report yesterday. According to the report, in 2010, over 45% of illegal land use cases involved la...

Southern Daily | 2011-04-20

ELECTRICITY

16 Provinces Lift Power Prices

The National Development and Reform Commission (NDRC) gave permission to local governments to raise the price of electricity in 16 provinces over a week ago. The largest jump in grid prices is in Shanxi, where the price of one kilowatt-hour went up by 2.6 fen. According to reports, the price increase will be shouldered by the transmission companies instead of being passed on to end consumers.

Southern Weekend | 2011-04-19

SEED

China Identifies Seed Industry as Strategic Sector

The State Council issued Guidelines on the Promotion of a Modern Seed Industry yesterday, stating the seed industry is a core strategic sector. This is the first time that the seed industry has been acknowledged as a strategic sector of national importance.

People's Daily | 2011-04-19

HOUSING PRICES

Housing Prices in Most Cities Continue to Rise

Of the 70 large and medium-sized cities in which housing prices are monitored by the National Bureau of Statistics, 50 have experienced month-on-month growth of housing price in March, 12 have witnessed a decline in prices and the remaining eight have remained essentially stable, statistics from the National Bureau of Statistics revealed.

Securities Times | 2011-04-19

SOES

First Quarter Profits of State-owned Enterprises Exceed 500 Billion Yuan

State-owned enterprises raked in profits of 512.35 billion yuan in the first quarter, up 27.5% on a year-on-year basis, statistics from the Ministry of Finance revealed. However, the rate of profit growth has dropped back from the annualized rate of 29.4% registered in the first two months of this year. Though most state-owned enterprises have been profitable over the past three months, five centr...

The Beijing News | 2011-04-19

RRR

Central Bank Raises Required Reserve Ratio 0.5 Percentage Points

The People’s Bank of China has decided, to raise the required reserve ratio (RRR) of deposit-oriented financial institutions by 0.5 percentage points beginning April 21st. The move aims to freeze 360 billion yuan in banking capital. This is the fourth time the central bank has raised the required reserve ratio this year.

China News Agency | 2011-04-18

INCOME TAX

China Raises Income Tax Threshold to 3,000 Yuan

The personal income tax reform project will be submitted during the executive meeting of NPC on April 22, according to China National Radio. It has been reported that the income tax threshold will be lifted from 2,000 yuan to 3,000 yuan. Over 90% of tax-payers are expected to benefit from the reforms.

China Securities Journal | 2011-04-18