Economic  homepage  Headline Scanner  Supreme Court Says Consumers Can Sue Monopoly Enterprises China's Supreme Court recently released an interpretation in relation to "Anti-monoploy Civil Law." The interpretation included details of how consumers would be permitted to sue monopoly enterprises if the actions of monopoly enterprises negatively impac 4月27日 12:37 Capital Adequacy Targets of 5 Major Banks to Remain Unchanged at 11.5% In response to recent media reports suggesting that China's banking regulator had already lifted the capital targets of the nation's five biggest lenders above the official minimum of 11.5 percent ratio, the CBRC announced yesterday that it has no plans t 4月27日 12:21 Ministry of Commerce Orders Supermarkets to Buy More Vegetables Recently, the Ministry of Commerce issued a notice that instructed local commerce bureaux to take measures to help deal with the "diffiuclt to sell" vegetables problem faced by many farmers as an over supply of some vegetables has led to a steep drop in w 4月27日 12:21 Man Who Set Off Home-made Explosive in Dongzhimen Sentenced to 7 years This morning, 22-year-old Lei Sen was found guilty of setting of a hand-made explosive device out the front of a busy shopping mall in the vicinity of Beijing's Dongzhimen transport hub and sentenced to a prison term of 7 years by a Dongcheng Court, Lei S 4月26日 18:10 China to Establish System to Charge for Disposal of Urban Waste The State Council published the opinions of 16 central government ministries in relation to the development of a system to handle the huge amount of rubbish that's produced by China's cities. The plan will encourage more recycling, a reduction in excessiv 4月26日 14:56 National Energy Administration: No Residential Power Cuts Liu Tienan, the deputy director of the National Development and Reform Commission (NDRC) and director general of the National Energy Administration (NEA), said that he would not permit residential power to be cut as problems with the supply and demand of 4月26日 14:56 Work Starts on Sections of the Central Route of South-to-North Water Transfer Pr Work officially began on sections of the central route of the ambitious South-to-North Water Transfer Project yesterday, the route is one of three proposed project, two of which will divert water from central China to the northern cities of Beijing and Ti 4月26日 14:56 Individual Implicated in Sinopec Scandal Demoted Yesterday afternoon, at a press conference organized by China Petroleum and Chemical Corporation (also known as Sinopec), the company announced that it had removed Lǔ Guǎngyú(鲁广余) from the position of CEO of Guangdong Petroluem, a subsidary of Sinopec. T 4月26日 14:56 Shanghai Reduces and Removes Fees on Trucks Transporting Shipping Containers The Shanghai Development Reform Commission along with the Shanghai Urban Construction and Communications Commission and other related departments, released a document aimed at alleviating rising costs in China's shipping container transportation industry 4月25日 12:35 State Council Calls on Government Websites to be More Transparent and Responsive On Saturday, the State Council issued a notice requiring government websites improve their level of openness and to communicate with and respond to public concerns. Government websites are being asked to make more information that is related to the intere 4月25日 12:35 NPC: Draft Changes to Income Tax Law Require More Discussion Draft amendments to the Personal Income Tax Law were not voted on by delegates to the 20th meeting of the 11th National People's Congress Standing Committee on Friday. Delegates instead choose to first make the draft amendments public and to seek feedback 4月25日 12:19 Rate of GDP Growth Drops in 14 of 16 Provinces in First Quarter Economic data from the first quarter of 2011 for China's 31 provinces, municipalities and autonomous regions are gradually being released, so far, of the 16 provincial-level entities that have released their first quarter figures, 14 have registered a dro 4月25日 12:19 Exclusive: China to Delay Introduction of Diesel IV Emission Standards A source at China's Ministry of Environmental Protection has told the EO that the planned introduction of Diesel IV Emission Standards on July 1 this year will "perhaps be postponed 1-2 years." The EO has learned that the delay is due to domestically-refi 4月22日 19:18 Cheap Vegetable Prices are Hurting Farmers Since April, demand for vegetables like celery and cabbages in Shanghai, Zhejiang, Shandong, Shaanxi and other areas has declined. The subsequent drop in prices, which saw the price of some vegetables fall to 0.08 yuan per 500g, has put pressure on farmer 4月22日 13:49 Revenue from Stamp Duties Up 45.1% in March Yesterday, the Ministry of Finance published first quarter tax revenue figures that revealed that 2.344 trillion yuan in total tax revenue was collected in the first quarter of 2011, a 573.63 billion yuan or 32.4 percent increase on the amount collected i 4月22日 13:30 Beijing Launches Survey of Employment Conditions Among Migrant Workers Starting from this year, Beijing will conduct regular surveys of employment trends among the city's migrant worker population. The surveys will be conducted every 6 months and will ask 10,000 workers for details about their occupation, income, social secu 4月22日 13:30 Statue of Confucius Moved to Less Prominent Location A 9.5 meter bronze statue of Confucius that was once located in front of the north entrance of the recently refurbished National Muesum of China, has been moved to a less conspicuos position in a "sculpture garden" by the west entrance of the museum. Acco 4月21日 18:29 Shifting the Economic Development Model a Top Priority for 2011 According to yesterday’s executive meeting of the State Council, in 2011, China will focus on promoting a shift in the development model, ensuring and improving people’s livelihood, furthering administrative and agricultural system reforms, and strengthen 4月21日 11:03 NDRC Planning Large-Scale Wage Hikes The National Development and Reform Commission (NDRC) is drafting a “large-scale wage-raising” project. In addition to raising the minimum income for personal income tax, the NDRC is planning to raise wages and housing subsidies and establish a mechanism 4月21日 11:03 Shortages at Private Gas Stations Private wholesale and retail gas stations are having difficulties purchasing from Sinopec and PetroChina. According Qi Fang, executive chairman of the oil federation under the National Association of Industry and Commerce, sourcing oil from local refineri 4月21日 11:03

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