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Banks may see revenue drop: The China Banking Regulatory Commission launched a series of measures on Tuesday to encourage specialized financial services for small and medium-sized enterprises because of financial difficulties from monetary-tightening policies by the central bank. [Photo/China Daily] Report ...

QE2's end may lower inflationary pressure: US Federal Reserve Chairman Ben Bernanke speaking recently at Georgetown University in Washington. Bernanke sent out a strong signal on Tuesday that the Fed is not planning to change its monetary policy despite weaker economic data. [Photo/Agencies] US economic recovery ...

Economists, too, possess concerns with tax law drafting: Officers work at a local tax bureau in Suzhou, Jiangsu province. The draft amendment to the Personal Income Tax Law has created a national debate. [Photo/for China Daily] BEIJING - After China's latest personal income tax reform plan received a record response from the public ...

Dollar holdings risky, SAFE official warns: The US federal budget deficit is expected to reach $1.4 trillion this year and to remain high for several years. [Photo/for China Daily] BEIJING - China should guard against risks from "excessive" holdings of US assets because Washington could pursue a policy to weaken the dollar...

Development to find balance: A big hole is dug out for a quarry earlier this month, damaging the grassland at Maxian Mountain, a water resource natural reserve in Northwest China's Gansu province. [Photo/for China Daily] BEIJING - China on Wednesday unveiled a nationwide development strategy based on ...

China Economic News in Brief: Jiangsu's vegetable exports; Jilin IT industry; Guangdong auto, housing consumption: The following are some China economic news items in brief. JIANGSU EXPORTS MORE VEGETABLES East China's Jiangsu Province exported 160 million U.S. dollars worth of vegetables in the first four months of this year, a rise of 39.1 percent on the same period of last year, according ...

Designed in Japan, made in China: Honda production line in Zengcheng, Guangdong province. Sales of the popular brand fell by 22 percent in April as parts shortages constrained production and deliveries. [China Daily] China is likely to see a new wave of Japanese companies transferring their domestic production ...

Gaokao battle concludes: Students jump after sitting gaokao in Guiyang, June 8, 2011. [Photo/Asianewsphoto] Students cheer after finishing gaokao, the national college entrance examination, at a school in Guiyang, the capital of Southwest China’s Guizhou province, June 8, 2011. A total of 9.33 million ...

CBRC announces measures to aid small businesses: A company from Foshan, Guangdong province, displays its sunglasses, designed specially for drivers, at an expo of small and medium-sized enterprises in Guangzhou. [Photo/China Daily] BEIJING - The China Banking Regulatory Commission (CBRC) on Tuesday announced a series of ...

Some families refuse melamine money: BEIJING - By the end of last year, the families of 272,000 victims of melamine-tainted milk and dairy products had signed up for one-time compensation payments, said a compensation fund manager. At least six babies died and another 294,000 suffered urinary illnesses in 2008 when ...

Luxury jewelry market facing dazzling future: Luxury jewelry has traditionally not been considered as profitable as high-end watches, handbags and garments in the Chinese market. But this is fast changing. The country's fine jewelry market has been growing steadily in the past two years, and consumers are becoming more ...

China to halt wind turbine subsidies: Workers install a wind turbine in Anhui province. China overtook the United States to become the country with the most wind energy capacity in 2010. [Photo/China Daily] Companies say move will have negligible effect BEIJING - China's wind power companies expect to see little ...

Chill wind blowing for turbine industry: Government to impose stringent new standards after energy wastage A worker at a wind turbine in Xinjiang Uygur autonomous region. China increased its total wind power capacity to 41.8 gigawatts in 2010, up 62 percent from the previous year. [Photo / China Daily] BEIJING - Wind ...

'Hometowns' battle to claim their celebrities: As Li Na ended her campaign in France to become Asia's first Grand Slam singles winner, another battle commenced at home. Li Yanping, the new champion's mother, was on a trip to her uncle's native county of Xinhua in Hunan province on Saturday when the final began in Paris. When ...

Coal and property fuel private-capital boom: A building under construction in Ordos, Inner Mongolia autonomous region. Many people have made their fortunes in the inland city through coal mining and real estate, but re-investing that money has become a problem. [Photo/China Daily] Ordos is the center of unregulated lending, ...

What makes young people tick?: Clockwise from top: Kevin Lee says he wants to explore the thoughts, desires and aspirations of youngsters; Youthologists immerse themselves in research; Books and DVDs fill a corner of China Youthology's office. [Photos/China Daily] In a concealed office on one of Beijing's ...

Black tea gives new hope to Xinyang farmers: The city of Xinyang, famous for its green tea, Maojian, now has a black tea, Xinyanghong, which will bring extra money to local farmers, Zhang Chunxiang, vice-mayor of the city said on June 5. A visitor to a tea-growing farm in the city of Xinyang, Henan province, is being taken ...

Pollution leads to run on bottled water: Residents in Hangzhou, capital of Zhejiang province, rush to buy bottled water at supermarkets on Monday. The demand for bottled water rose quickly after a chemical spill polluted a river from which the province draws drinking water. [Photo/China Daily] SHANGHAI - A recent ...

Tax-free Tianjin zone touted: Upon approval, the Dongjiang Free Trade Port Zone in Tianjin's Binhai New Area will be transformed into a tax-free island offering rebates to tourists. Other coastal port cities have also prioritized a tax-rebate plan to fuel tourism and their local economies. [Photo/China Daily] ...

Powering up the lure of e-cars: Giving incentives to potential buyers is a good start, but there's more to be done I was feeling revved up after I read in METRO that people who buy electric cars, or e-cars, will be able to take a detour around the city's license plate lottery. What a breath of fresh air the ...

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