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POWER

National Energy Administration: No Residential Power Cuts

Liu Tienan, the deputy director of the National Development and Reform Commission (NDRC) and director general of the National Energy Administration (NEA), said that he would not permit residential power to be cut as problems with the supply and demand of coal, power, oil and gas emerge ahead of the impending summer energy peak. Mr. Liu said that the central government will focus on lifting effecti...

China News Agency | 2011-04-26

PROJECT

Work Starts on Sections of the Central Route of South-to-North Water Transfer Pr...

Work officially began on sections of the central route of the ambitious South-to-North Water Transfer Project yesterday, the route is one of three proposed project, two of which will divert water from central China to the northern cities of Beijing and Tianjin. Work on the project is expected to be completed no later than Oct 11, 2013 and water is expected to flow through the channel in 2014. The ...

People's Daily | 2011-04-26

SCANDAL

Individual Implicated in Sinopec Scandal Demoted

Yesterday afternoon, at a press conference organized by China Petroleum and Chemical Corporation (also known as Sinopec), the company announced that it had removed Lǔ Guǎngyú(魯廣余) from the position of CEO of Guangdong Petroluem, a subsidary of Sinopec. The company also said that Mr Lu had lied on a self-evaluation report and that he would be required to pay back the 131,100 yuan he spent on red wi...

Xinhua | 2011-04-26

TRANSPORTATION

Shanghai Reduces and Removes Fees on Trucks Transporting Shipping Containers

The Shanghai Development Reform Commission along with the Shanghai Urban Construction and Communications Commission and other related departments, released a document aimed at alleviating rising costs in China's shipping container transportation industry on Saturday. The document contained 8 items that outlined how these government departments would reduce transportation costs by either removing o...

China Radio International | 2011-04-25

NOTICE

State Council Calls on Government Websites to be More Transparent and Responsive

On Saturday, the State Council issued a notice requiring government websites improve their level of openness and to communicate with and respond to public concerns. Government websites are being asked to make more information that is related to the interests of the community available, especially details about government spending, how resources are allocated.

China National Radio | 2011-04-25

TAX

NPC: Draft Changes to Income Tax Law Require More Discussion

Draft amendments to the Personal Income Tax Law were not voted on by delegates to the 20th meeting of the 11th National People's Congress Standing Committee on Friday. Delegates instead choose to first make the draft amendments public and to seek feedback from the public before voting on the amendments. The draft amendments were submitted to the NPC by the State Council and sought to lift the thre...

China Securities Journal | 2011-04-25

RATE

Rate of GDP Growth Drops in 14 of 16 Provinces in First Quarter

Economic data from the first quarter of 2011 for China's 31 provinces, municipalities and autonomous regions are gradually being released, so far, of the 16 provincial-level entities that have released their first quarter figures, 14 have registered a drop in the rate of growth compared to the same period last year. The two exceptions are Hunan province, which grew at 13.9% in the first quarter of...

People's Daily | 2011-04-25