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- RESOURCES
- CISA Announces Plan to Unify Price of Iron Ore Imp...
- China Iron and Steel Association announced that they would try to introduce a system by which both big and small steel companies paid the same price for imported iron ore. The proposal was raised at the steel industry body's two-day semiannual meeting and was expected to come in to force by the end of this year.
- National Business Daily | 2009-08-03
- INSURANCE
- Investment Yields of China's Insurance Companies U...
- The China Insurance Regulatory Commission announced that the investment income yielded by China's insurance industry was up 3.44% in the first half of the year, at a press conference on Friday. Fixed income investment accounted for 56.08 billion yuan, or 51%, of the total while investment in equites provided 47.8% of the income. The industry invested a total of three trillion yuan. CIRC also annou...
- China.com.cn | 2009-08-03
- MONETARY POLICY
- Central Bank Drains 52 billion Yuan from Banking S...
- The People's Bank of China (PBoC), China's central bank, issued 45 billion yuan's worth of bills in the open market last Thursday. This raised the net amount of currency drained from the banking system last week to 52 billion yuan, the biggest weekly withdrawal in 4 months.
- The Beijing News | 2009-08-03
- MONETARY POLICY
- China's Central Bank Reiterates Monetary Policy
- China's central bank released an announcement on Wednesday evening, pledging it would continue to stick to a "moderately loose" monetary policy. Concerns about future inflation and bubbles in the stock market and real estate have led to reports that the central bank may soon start to adjust monetary policy, this is the third time in the past six days, that the central bank has assured the public t...
- The Beijing News | 2009-07-31
- Death of Deng Xiaoping's Widow
- Zhuo Lin, the widow of China's late leader Deng Xiaoping, died of illness at 12:30pm on July 29 in Beijing. She was 93.
- West China City Daily | 2009-07-31
- LOANS
- CBRC Acts to Prevent Loans From Flowing into the S...
- China's Banking Regulatory Commission issued two circulars on Monday, ordering banks to intensify controls on the issuance of loans to ensure that new loans are channeled into the real economy.
- China Securities Journal | 2009-07-31
- TRANSPORT
- Taxi Strike in Wenzhou
- At 6am on Tuesday, July 28, taxi drivers in the city of Wenzhou went on strike. It's estimated that two thirds of the taxi drivers from the eastern city refused to take to the streets. Reports quote drivers as saying that they are unable to make a living by driving cabs. The strike echoes similar action taken by drivers in Hainan's Sanya and Chongqing last November. On Thursday the Wenzhou city go...
- Xinmin Evening News | 2009-07-31
Briefs
- 6.4-Magnitude Quake Rocks West China
- A 6.4-magnitude earthquake struck China's western Qinghai province earlier this morning.
- Source:China Earthquake Networks Center
- End of an Era: China Wipes Crime of Speculation from the Books
- China's top legislature is considerring removing outdated laws relating to the crime of speculation, a throwback to the days of China's planned economy, from the country's law books.
- Source:National People
- TAX
- Taxing Times
- China's tax bureau aims to collect an additional 100 billion in tax before the end of the ...
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