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  1. Jilin in talks to use ports in North Korea, Russia

    Posted Nov 19th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing Jilin, the landlocked and struggling northeastern province, is in talks to use ports in neighbouring North Korea and Russia to ship goods to overseas markets in an effort to develop its economy. Provincial governor Han Changfu said the scheme was a necessary step for the development of the Changchun-Jilin-Tumen economic development zone, called the Tumen ...

  2. Fall in mainland exports, imports slows sharply

    Posted Oct 15th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing Mainland exports and imports fell last month for the 10th consecutive month, but the rate of decline slowed sharply, providing fresh evidence of recovery in the world's third-largest economy as global demand picks up. Exports fell 15.2 per cent year on year to US$115.9 billion while imports declined 3.5 per cent to US$103 billion, the General ...

  3. Loose monetary policy to continue next year

    Posted Nov 28th 2009, 12:00am by Cary Huang

    ... China's top leaders pledged to stick to their relatively loose monetary stance and active fiscal policy as the country continues to implement stimulus measures next year to support the nascent recovery. The party's 25-member decision-making Poli ...

  4. Pro-growth economic policies to remain, party says

    Posted Sep 19th 2009, 12:00am by Cary Huang

    ... Cary Huang The central government will stick to its pro-growth economic policies, as the global and domestic economic recovery is not yet stable, the Communist Party said after the annual meeting. 'Maintaining growth is the most important economic task,' the party stated after its elite wrapped up the policymaking meeting, adding that the government would 'continue ...

  5. Audit exposes vast graft by officials

    Posted Sep 03rd 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing The National Audit Office yesterday released its report for last year, revealing that huge sums had been misused or embezzled. The office also revealed that, as part of the government's fight against widespread misuse of public funds, the audit had been expanded to cover 54 agencies. Corruption is one of the top frustrations for ordinary mainlanders. Growing sums have ...

  6. Beijing plans policy change on economy

    Posted Jul 13th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing Beijing is considering a major adjustment to its economic policy for the rest of the year, amid concerns the mainland's recovery is still on shaky ground despite recent positive signs. A meeting of the Politburo, the nation's leading decision-making body, is scheduled for this month and will discuss policy initiatives aimed at consolidating ...

  7. Starting salaries drop for graduates

    Posted Jun 16th 2009, 12:00am by Chris Huang

    ... Chris Huang University graduates are having a tough time finding jobs because of the global financial crisis. Even those who do manage to find work have to be content with low salaries. ... a job, especially in the current employment situation.' Huang Yaoxiong, head of students' affairs at Jinan University, said: 'A number of graduates have no jobs because ...

  8. Beijing bid to expand HK's yuan business

    Posted May 04th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing The central government is considering a proposal to allow Hong Kong to expand its yuan business related to the mainland's financial help to developing countries, in a significant move aimed at making the city a yuan offshore centre, sources say. Under a programme to gradually turn the yuan into an international currency, the State Council is studying a proposal ...

  9. Beijing calls for more action amid signs of recovery

    Posted Jun 18th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing The mainland economy was showing more positive signs of a recovery but was at a critical juncture, the central government said yesterday after a cabinet meeting. The State Council, following a meeting chaired by Premier Wen Jiabao, warned that the foundation of the recovery was not firm enough yet and it was necessary to step up measures to promote growth. ...

  10. Donating packages of sympathy

    Posted Jun 02nd 2009, 12:00am by Chris Huang

    ... Chris Huang On the May 12 anniversary of the Sichuan earthquake, the Student Work-Study Centre of Guangdong University of Foreign Studies (GDUFS) held a fund-raising activity entitled 'New Great Wall Caring Action for Students in the 5.12 Earthquake Disaster Areas'. With each 100 yuan (HK$113.70) received in donations, a set of stationery and some daily necessities ...




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