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LAW & ORDER

Supreme People's Procuratorate Orders Special Inspections

In order to further promote the credibility of law enforcement and ensure that the investigative powers of authorities are being exercised in accordance with the law, from now until January 2012, the Supreme People's Procuratorate will carry out special inspections focused on "protecting people's legal rights and solving the outstanding problems that people are concerned with."

Beijing Times | 2011-05-20

SOCIAL SECURITY FUND

China's Social Security Fund Averages 9.17% Annual Rate of Return Over Past 10 Y...

China's National Social Security Fund (NSSF) released its annual report earlier today, revealing that returns on the fund in 2010 totalled 32.12 billion yuan, a rate of return of 4.23%. The average annual rate of return of National Social Security Fund (NSSF) over the past ten years has been 9.17%, which adds up to a combined total of 277.26 billion yuan in returns.

China Securities Journal | 2011-05-19

ENVIRONMENT

Two High-Speed Railway Projects Halted by Ministry of Environment

The Ministry of Environmental Protection (MEP) called a halt to construction of the Tianjin-Qinhuangdao high-speed railway line on May 12 after earlier suspendeding work on the Jinan-Qingdao project on April 25. The MEP ordered work to stop on both projects as environmental impact studies were not carried out on areas that would be effected by the project after the original planned route of both l...

China Economic Net | 2011-05-19

INTEREST RATES

Central Bank to Gradually Liberalize Interest Rates

The People's Bank of China issued its annual report for 2010 yesterday. The central bank committed itself to gradually pushing ahead with interest rate liberalization so that interest rates were determined more by market rates and also to reforming the mechanism by which the exchange rate of China's currency is determined. The bank hopes to have interest rates play a more important role as a monet...

Xinhua News Agency | 2011-05-19

BUDGET

General Office of State Council Publishes Budget

The General Office of the State Council released its departmental budget for 2011 yesterday. According to the data, total spending will exceed 360 million yuan this year, of which, 110 million yuan will be spent on administrative tasks. No details on how much the office, which handles the day-to-day working of the State Council - the equivalent of China's cabinet, spent on what have come to be kno...

Beijing Times | 2011-05-19

INTERNET

Push to Increase Internet Speeds in Rural Areas

Xi Guohua, deputy director of the Ministry of Industry and Information Technology, said yesterday that the central government plans to complete the "Broadband Countryside" program by the end of the 12th 5-year Plan, the push is part of a broader government plan to improve internet speeds across the country. Xi Guohua said that the Chinese government should and will offer subisidies and support to ...

Caijing | 2011-05-18

HEALTH

Shanghai Releases Health Care Reform Plan

After a process involving public consultation and attendant amendments, Shanghai officially released its new health care reform plan yesterday. The new policy program goes beyond the average standard of support for health care throughout the rest of the country. According to the new plan, The public health insurance coverage for citizens and rural residents will enable them to reclaim 70% of t...

21st Century Business Herald | 2011-05-18