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Economic  Industry 

Money Changers for Beijing and Shanghai

China is opening the door for the first time for non-banking companies to operate foreign exchange services, the trial run will be in Beijing and Shanghai.

8月21日 19:04

Zhejiang's Market Rescue Plan

Zhejiang provincial banking commission has opened a 7-billion-yuan credit line for struggling local companies, a sharp contrast to the Chinese government's tight credit controls at present.

8月21日 14:41

China to Test-run New Technology Bank

A new technology-focused Chinese bank would aim to service cash-starved local tech firms much in the same way the Silicon Valley Bank has.

8月21日 14:26

Paper Trail Shows Millions Laundered

Only years after mysterious, lightning-quick transactions shuttled millions of yuan through his trading accounts did Yu Yinzeng realize that he might have been part of a money laundering scheme.

8月18日 9:13

Chinese State Firms Battling Distrust Abroad

Reminiscent of the failed Unocal deal for US oil assets, an Australian infrastructure bid was rebuffed due to distrust over the bidder's Chinese backing.

8月12日 15:23

SOE Trim-down Collides With Antitrust Law

Chinese regulators have mandated the number of state-owned firms to be trimmed down by up to 46% by 2010, but the new Anti-monopoly Law may become a legal hurdle for the mergers needed to do so.

8月6日 14:51

State-Owned Chinese Firms Face Credit Drought Risks

In reports handed recently to China's state-owned assets watchdog, state firms listed tight credit among the most serious risks they face.

8月1日 15:58

New Pains for Beijing Online-Stores

From August 1, profit-oriented, Beijing-based online communities hosted on Chinese e-commerce websites must obtain a business permit from the City's industry watchdog.

7月30日 15:54

Foreign Plants Retreating from China

In response to oil price spikes, tax adjustments, and a rising yuan, industry observers are wondering if China will abdicate its throne as the factory of the world in the near future.

7月30日 15:35

A Professor's Life in the Air

A frenzy of demand for clarification and training in China's Antitrust Law, which comes into effect on August 1, has left legal expert Huang Yong sapped.

7月30日 13:21

Price Plight for China's Macro-Watchdog

The ever-rising producer's price index has become a hot potato for macro-policymakers.

7月30日 12:04

Multinational Denies Manipulating Food Prices

Critics in China have been accusing multinational agriculture conglomerates as the invisible hand behind the global food price surges. One of the world's big-four agro-company Cargill, however, rebuked such charges when interviewed by the EO.

7月28日 18:15

Tax Dilemma for China's Ministry of Finance

Just as businesses are clamoring for lower taxes, the Ministry of Finance needs to increase tax revenues to cover losses suffered in a year riddled with natural disasters.

7月24日 11:59

Where Have the Migrant Workers Gone?

Attractive rumeneration packages offered by oversea companies have been draining workers from China's construction sites.

7月18日 13:10

Possible Tax Liabilities for Firms Setting Salaries by Fiat

If salaries aren't set by communal argeement with labor representatives, businesses would have to count them as profits - and thus make them subject to a 25% income tax - according to a clause recently added to corporate salary regulations.

7月15日 17:01

Of Guarantee and Usury in Wenzhou

Once introduced as policy-driven agencies to enhance loan access for local development, some credit guarantee companies in Wenzhou today have turned to the usury business.

7月15日 15:46

Small Changes, Big Difference for Antitrust Law Rules

An important clause has been deleted from draft rules meant to flesh out China's Antitrust Law, which will come into effect next month.

7月14日 11:07

The Cold War Against Warm Milk

Chinese dairy activist Wang Dingmian is on a mission to prove that warm-storage milk, a staple of Chinese supermarkets, can be nutritionally inferior to its regridgerated counterparts.

7月11日 16:04

Housing Market on the Brink

Chinese officials are becoming increasingly concerned with risks in the housing market, and met frequently with industry leaders last month to assess the situation.

7月10日 16:36

Battling for Coal

Thermal power plants nationwide are competing for coal, driving up prices for the resource and threathening electricity production. Political will is needed to resolve the shortage, reports EO reporter Xie Liangbin.

7月8日 11:52