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Monthly Archives: September 2015

New economy will be the major driver of growth, says Premier

Nontraditional ways of doing business gaining momentum New forms of businesses and emerging industries have great potential and will soon be able to match the traditional economic engines in China, Premier Li Keqiang said in a message of encouragement after visiting two e-commerce plants in Henan province. It is the...
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Beijing restricts water usage on golf courses and ski resorts

Beijing will tighten restrictions on water usage on golf courses and ski resorts amid the increasingly serious water shortage in the arid city, Beijing Youth Daily reported. The report said Beijing authorities will impose different quotas on water usage for golf courses and ski resorts according to their locations and...
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Govt releases guide for SOE mixed ownership

The State Council gave foreign investors a clear signal on Thursday, welcoming their participation in the country’s mixed-ownership reforms as well as in making improvements to its security review mechanisms-a step indicating continued movement toward reforms necessary to attract more foreign investors. Foreign investors are invited to take part in...
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Bumpy road ahead for VW

Carmaker may find the going tough in China after pollution-cheating scandal German auto giant Volkswagen AG, which is involved in a pollution-cheating scandal in the United States, may face a tough battle to retain its brand image and sales record in China, its biggest global market. Volkswagen said on Tuesday...
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Chinese firms win Indian high-speed rail study bid

A consortium led by Chinese and Indian railway companies has been chosen to conduct a feasibility study on a 1,200-kilometer high-speed railway line between New Delhi and Mumbai, indicating that Chinese railway firms are making rapid strides in the lucrative Indian market. The consortium, led by Third Railway Survey and...
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‘Poorly paid’ mayor resigns office

The mayor of Jining in East China’s Shandong province has resigned and gone into business, authorities in the province said. Mei Yonghong’s resignation was approved by the Jining People’s Congress on Sunday, making him the second bureau-level official to quit office in Shandong since June. Zhang Shuhua, former deputy mayor...
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US, EU must jointly resolve Middle East refugee crisis

The photograph of 3-year-old Aylan Kurdi who drowned along with his 5-year-old brother and their mother during his family’s failed bid to flee civil war-torn Syria to Europe has pricked the world’s conscience. Partly in response to the global outcry over the refugee issue, Germany and Austria have opened their...
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JP Morgan’s senior executive bullish on China

ditor’s note: Chinese economic growth is under the spotlight during the World Economic Forum’s three-day meeting in Dalian, Liaoning province. More than 1,700 participants from 90 countries will attend the “Summer Davos”, which starts Wednesday, to chart a new course for growth at a time when the global recovery faces...
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China stocks rebound 2.92% on positive sentiment

Chinese shares rebounded on Tuesday as the benchmark Shanghai Composite Index surged more than 3 percent in afternoon trading, closing at 3,170.45 points, up 2.92 percent. The Shenzhen Component Index gained 3.29 percent to close at 10,320.23 while the ChiNext Index, which tracks China’s NASDAQ-style board of growth enterprises, soared...
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Senior official stresses legality in Tibet’s religious affairs

LHASA – Top Chinese political advisor Yu Zhengsheng called for strict adherence to the law in managing religious affairs in Tibet, in a speech marking the 50th anniversary of the founding of the autonomous region on Tuesday. “Law-based governance is fundamental to the long-term stability of Tibet,” said Yu, chairman...
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