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China Economics Trend Watching

China, Technology and the Environment: Chinese National Energy Commission is established

China has established the National Energy Commission for better coordination in formulating energy strategy and development planning, said an announcement released by the General Office of the Chinese State Council recently […]

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China Economics Trend Watching

Education in China: Chinese students studying abroad exceed 1.39 million

From 1978 to the end of last year, the total number of Chinese students studying abroad reached 1.3915 million. Zhang Xiuqin, Director General for the Department of International Cooperation and Exchange under the Chinese Ministry of Education, said that since reform and opening-up (1978) to the end of 2008, nearly 390,000 students returned to China after their studies abroad […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: In a Tidal Shift, Chinese Spending More Overseas

Money is moving in a new direction in China — out: Some Chinese are so eager to turn their yuan into other assets that when an online real estate brokerage organized a tour of foreclosure auctions in the United States, it received so many applications that it had to turn away nearly 400 people. In Shanghai, cash-rich Chinese companies are buying high-yield bonds issued by distressed American companies at a time when most investors are steering clear of bonds even from solid companies […]

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China

Living in China: Cabinet passes new medical reform plan

The Chinese State Council, or Cabinet, passed a long awaited medical reform plan which promised to spend 850 billion yuan (123 billion U.S. dollars) by 2011 to provide universal medical service to the country’s 1.3 billion population. The plan was studied and passed at a recent executive meeting of the Chinese State Council chaired by The Chinese premier Wen Jiabao, and has been deliberated by authorities since 2006…

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Imported luxury cars to face possible consumption tax rise

Gas-guzzling imported luxury cars with heavy emissions are to face a possible car consumption tax rise in China, industry insiders predict. The Chinese State Council — China’s Cabinet — held an executive meeting earlier this year noting the significance of energy savings and made a special call on the country’s auto industry to cut back on gas consumption […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: auto prices to fall in Q4/2008 on slowing demand

Auto prices in China were expected to fall in the fourth quarter led by slowing demand, the price monitoring center under the Chinese National Development and Reform Commission (NDRC) said in a report on recently. Prices fell 2.09 percent in the first nine months due to excessive output and oversupply of new models in the second and third quarters, it said…

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China Innovation

Intellectual Property: Draft amendment on China’s patent law tabled, higher penalties for violators

Less than three months after the Chinese State Council put its stamp on the patent law reform blueprint, the government submitted the draft amendment to the Standing Committee of the National People’s Congress (NPC), China’s top legislature, for first reading recently. Tian Lipu, commissioner of the Chinese State Intellectual Property Office, said the amendment to the Patent Law would make several important changes to the application process and enforcement of the law…

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China Innovation

China, Technology, Innovation and the Environment: Energy consuming industries developing too fast

Industries with high energy consumption and emissions are developing too fast in China, along with the quick economic growth, the Chinese State Council, or Cabinet, warned on recently. The traditional industry structure remained unchanged, while the service sector and high-tech manufacturing weighting fell in the national economy, State Councilors heard at a meeting focusing on energy saving and emission reduction, chaired by Chinese Premier Wen Jiabao […]

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China Economics Trend Watching

Education in China: spending on education to increase

The Chinese government has vowed again to increase its spending on education to four percent of the country’s gross domestic product (GDP) in 2012, a target previously set in 1993 […]

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China Economics Innovation Trend Watching

China, Technology, Innovation & the Environment: Increasing Hydropower Capacity by 63 million kw by 2015

China plans to raise its installed hydropower capacity by 63 million kilowatts by 2015, the official China Securities Journal reported recently, citing governmental officials […]