Government Updates
China plans water conservancy, control projects along Yangtze
Eight conservation and control projects will be started by 2011 along China's longest river, the Yangtze, to improve water use and protect the ecology, a conservancy official said here Tuesday.
Read moreCiti to close private banking unit in Chinese mainland
Citigroup will close its about three-year-old private banking unit in Chinese mainland, where the third-largest US bank by assets once tried to attract money from fast growing millionaires, sources familiar with the situation said on Tuesday. In principle, the closure of Citigroup's private banking unit will not affect its existing top-end individual clients in Chinese mainland as they will be automatically folded into Citigroup's consumer banking arm, which serves less wealthy customers, said the sources.
Read moreChina's 2008 auto sales growth hits 10-year low
Chinese auto makers reported a 6.7-percent rise in sales in 2008 compared with the previous year, the lowest rise in 10 years, China Association of Automobile Manufacturers (CAAM) said on 12th January, 2009. The growth rate was 21.84 percent in 2007.
Read moreNDRC rules out fuel price cuts
The National Development and Reform Commission has ruled out a further reduction in the prices of gasoline and diesel, despite the fall in global crude prices. The NDRC, which sets energy policy and fuel prices in China, said it would not lower the December ceiling of retail oil products.
Read moreChina now member of Inter-American Development Bank
China joined the Inter-American Development Bank Group (IDB), the most important regional development institution in Latin America and the Caribbean on 12th January, 2009.
Read moreHow Foreign Companies Pays Tax When The Real Estate Tax Are Unified Towards Domestic and Foreign Ent
Five categories of issues that foreign-funded enterprises and foreign individuals should pay attention to:
Read moreChina unveils detailed public hospital reform measures
Responding to growing public criticism of soaring medical fees, lack of access to medical services, poor doctor-patient relations, Chinese government will launch a pilot program to reform its public hospitals.
Read moreChina promises to probe alleged fake pills sold to Britain
China's drug watchdog promised to investigate how alleged counterfeit pills, which were made in China, ended up being used by the British National Health Service (NHS).
Read moreGovt to boost medical services
The government is rolling out a pilot program to boost spending on public hospital, as well as cut pharmaceutical and treatment costs, Health Minister Chen Zhu said yesterday.
The move includes government subsidies to build public hospital infrastructure, buy medical equipment, train healthcare professionals and cover medical costs for retirees.