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 […]
Tag: Chinese State Council
China plans to raise its installed hydropower capacity by 63 million kilowatts by 2015, the official China Securities Journal reported recently, citing governmental officials […]
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 […]
Output of China’s medicine industry would increase by 20 percent in 2009, a senior legislator has said. The output figure is expected to hit one trillion yuan (146 billion U.S. dollars) in 2009 despite the severe domestic macroeconomic situation, Sang Guowei, vice chairman of the Standing Committee of the National People’s Congress, told a biological industry forum on recently.
China aims for 10 million units in both vehicle production and sales this year, according to an online government document concerning detailed automobile support package. China’s automobile industry is to yield an average 10 percent growth for its production and sales in the next three years, said the document, released on recently […]
Shanghai is set to be among the first to implement a pilot program to settle overseas trade using the Chinese RMB yuan to consolidate its international financial hub position, the Shanghai Financial Services Office said recently. Using the yuan as a settlement currency for international trade is a step forward to internationalizing the currency and will also boost Shanghai as an international financial hub. The city is a magnet for overseas financial players, home to the China headquarters of giants such as HSBC and Citigroup. The city also holds the mainland’s bigger stock market, biggest futures market, gold, currency and interbank markets…
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…
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 […]
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…
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…