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  • April 17, 2014
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  1. Mainland economy tipped to grow 9pc

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

    ... Cary Huang in Beijing The mainland economy is likely to expand by 8.3 per cent this year and growth could hit 9 per cent next year, according to a leading government think tank. The projection in the latest quarterly report by the Chinese Academy of Social Sciences strengthened the belief that the world's third-largest economy would become the first to recover from ...

  2. Deng's reforms see China standing on firmer ground

    Posted Oct 01st 2009, 12:00am by Cary Huang

    ... Cary Huang Retired primary school teacher Chen Honglin remembers what it was like growing up on the mainland in the 1940s. To describe the improvement in living conditions over the past 60 years, he uses a time analogy: the gap between then and now is not one of decades, but centuries. 'Back then, there was no electricity, tap water, sanitary facilities or industrial products ...

  3. Spending on festivities cut amid hard times - except on security measures

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

    ... Cary Huang in Beijing Frugality is the order of the day as the preparations for the 60th anniversary celebrations reach a climax. In a recent circular, the government said extravagance would give way to austerity, and the money saved would be diverted to reconstruction projects in earthquake-hit areas of Sichuan and to efforts aimed at helping the economy rebound from ...

  4. State Council orders end to theft of public funds

    Posted Jul 02nd 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing A nationwide campaign to stop abuse of public funds will be launched following the rampant embezzlement uncovered in last year's audit report, the central government said yesterday. A cabinet meeting chaired by Premier Wen Jiabao concluded the 2008 audit report exposed 'numerous loopholes in public finance, budgeting systems and management' ...

  5. The party: then and now

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

    ... Cary Huang To get an idea of how dramatically the mainland leadership's governance and style have changed in the past 20 years, you need to look no further than the images of the premiers then and now. History will remember former premier Li Peng as a man of anger as he condemned the student demonstrators when declaring martial law on national television days before ...

  6. 26.7b yuan in embezzled public funds recovered

    Posted Jun 25th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing The mainland's top auditor said his office last year recovered 26.77 billion yuan (HK$30.39 billion) of embezzled public funds. Auditor General Liu Jiayi said that funds embezzled from public finances revealed in last year's audits had been recovered or returned to former funding channels. Mr Liu said his office had transferred 116 criminal cases ...

  7. 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 ...

  8. Growth slows at mainland factories and power plants

    Posted May 14th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing Production growth in mainland factories slowed last month, while power generation slipped, stemming hopes for a swift recovery in the world's third-largest economy. Confirming fears that the green shoots of an economic revival may be struggling to grow, the data overshadowed a surge in spending by mainland shoppers buoyed by the country's ...

  9. 420b yuan of stimulus package already spent

    Posted May 07th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing The central government had already spent 420 billion yuan (HK$480 billion) of its stimulus package - more than a third of the total it had promised to invest by the end of 2010 - the National Development and Reform Commission said yesterday. Most of the money was spent on earthquake reconstruction in and around Sichuan , building affordable housing, ...

  10. We'll spend our way out of the crisis, says Wen

    Posted Mar 06th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing Beijing will run up a record deficit, Premier Wen Jiabao said yesterday, and predicted this year would be 'the most difficult so far this century'. The government is hoping higher public spending can revive the flagging economy. The work report he delivered on the opening day of the annual session of the National People's Congress contained ...




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