Changan Ford Mazda to recall 236,643 cars over stalling proble..
06-01-2010
- China's top quality supervisor said Monday that Changan Ford Mazda Automobile Co. has started a recall of 236,643 Focus cars over a problem that caused vehicles to stall.
The recall covered vehicles manufactured from Au..
China cuts gasoline, diesel prices
06-01-2010
- China's gasoline prices will be cut by 230 yuan (33.7 U.S. dollars) per tonne and diesel prices by 220 yuan per tonne from Tuesday, the National Development and Reform Commission (NDRC) announced Monday.
The price cuts ..
China outlines economic system reforms in 2010
06-01-2010
- China's State Council, or the Cabinet, said Monday it will "gradually push forward" property tax reform as part of this year's economic reforms.
The government will deepen fiscal and taxation system reforms by gradually..
Central bank of China orders lenders to curb loans to energy-i..
06-01-2010
- The People's Bank of China (PBOC), China's central bank, issued a circular Monday requiring banks to curb lending to energy-intensive industries, a move echoing government energy-saving and pollution-reduction measures.
..
Nanjing to hold 5th Int'l Retailers' Global Sourcing Fair in J..
06-01-2010
- The 5th International Retailers' Global Sourcing Fair will be held in Nanjing, capital city of eastern China's Jiangsu Province, from July 11 to 13, said China's Ministry of Commerce on Tuesday.
The three-day fair will ..
Australian Prime Minister expects delay on mining tax deal
06-01-2010
- Kevin Rudd, Australian PM said on Tuesday that he does not expect anytime soon to land a deal with Australia's mining companies over the government's proposed resource super profits tax.
The government has received an i..
Thailand's May CPI rise 3.5% year on year
06-01-2010
- Thailand's consumer price index ( CPI) in May rose 3.5% year on year to stand at 107.87, the Bangkok Post' s website quoted the Commerce Ministry as saying Tuesday.
The country's core CPI, which excludes food and energy..
China Shenzhen economic zone receives nod for expansion
06-01-2010
- China's first special economic zone (SEZ) of Shenzhen has finally received approval to expand from the central government, Shenzhen's Party chief and acting mayor Wang Rong said.
According to Wang, the central governmen..
China may levy property tax
06-01-2010
- The Chinese government has signaled that it will "gradually" levy tax on holding of property.
The tax, which is similar to a property tax in other countries, is expected to increase the cost of holding more than one apa..
China's PMI for manufacturing sector down in May
06-01-2010
- The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 53.9% in May, down 1.8% points from last month, the China Federation of Logistics and Purchasing (CFLP) said Tuesday.
It was the 15th straigh..