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  1. Market forces: 1 Wen Jiabao: 0

    Posted Nov 02nd 2007, 12:00am by Tom Holland

    ... Tom Holland China's leaders are discovering the hard way that they cannot buck market forces. Just last Wednesday, in a bid to hold down inflation, Premier Wen Jiabao pledged ... Mr Wen's promise, the National Development and Reform Commission jacked up petrol and diesel prices by almost 10 per cent. There was not much of a choice. Beijing has long controlled ...

  2. Wen's late conversion to bank reform looks doomed to fail

    Posted Apr 05th 2012, 12:00am

    ... one last bid to secure their reputation, as often as not by attempting some sort of institutional reform. Wen Jiabao is no different. At first glance, the achievements of his term as premier look impressive. Since he took office, China's income per capita has climbed by 140 per cent in real terms. But it's doubtful how much of the credit Wen can really claim. Much ...

  3. Speculators warned to stay away from the yuan

    Posted Apr 13th 2005, 12:00am by Staff Reporter

    ... Premier Wen Jiabao yesterday issued a fresh warning against speculation on the yuan. Responding to a question posed by reporters in New Delhi, Mr Wen said he was not in favour of hot money inflows. 'I would like to warn those people who have these intentions because, at the end of the day, it will hurt their own interests,' he said. Late last year, Mr Wen ruled out ...

  4. Wen's parting shot for private sector

    Posted May 28th 2012, 12:00am

    ... Wang Xiangwei Soon after Premier Wen Jiabao came to power nearly 10 years ago, his cabinet started to send unmistakable signals that China would boost development of the private sector ... retreats'. Embarrassed officials have found the term so stinging that it is largely banned in state media. The irony is not lost on many mainlanders that just as Wen prepares to retire next March, he ...

  5. Wen right to worry about stock prices

    Posted Nov 21st 2007, 12:00am by Tom Holland

    ... Tom Holland Speaking in Singapore on Monday, Premier Wen Jiabao acknowledged the danger posed by overly-inflated mainland share prices. 'If the bubble bursts it will hurt China's economy,' he was quoted as saying. With Shanghai's A-share index now down 14 per cent from its mid-October peak (see chart), Mr Wen's concerns are understandable. Traditionally, a market ...

  6. Wen's son named chairman of telecoms firm

    Posted Feb 22nd 2012, 12:00am

    ... Staff Reporter The son of Premier Wen Jiabao has been appointed chairman of China Satellite Communications (China Satcom), a leading mainland telecommunications giant, the latest ... investments were controversial, not least because his father Wen Jiabao had tried to cultivate an image as the people's premier, endeavouring to reach out to the poor and constantly expressing ...

  7. Wen approves big rise in schools tax

    Posted Sep 25th 2005, 12:00am by Staff Reporter

    ... New rate applies to firms and the public Beijing is to provide more money for schools and universities by increasing its education levy by 50 per cent. Premier Wen Jiabao has endorsed ... the national compulsory-education investment in rural villages was 136.5 billion yuan, falling short of actual needs by 47.6 billion yuan, according to the Renmin website. Mr Wen said in March ...

  8. Wen signals through-train on slow track

    Posted Nov 04th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing Premier sets four conditions for direct investment in HK stocks Premier Wen Jiabao has sounded a note of caution on the much-hyped plan to allow mainlanders to invest directly in Hong Kong-listed shares. In his first remarks on the issue, Mr Wen outlined four conditions for the scheme's implementation. Among them, he said Beijing must look carefully ...

  9. Wen's talk spurs small players to dump bank stocks

    Posted Apr 06th 2012, 12:00am

    ... George Chen george.chen@scmp.com Stocks of most big banks dropped in Hong Kong and Shanghai yesterday, the first day of trading since Premier Wen Jiabao's call to break the banks' monopoly. But while nervous retail investors read Wen's statement as a cue to sell, fund managers seemed unmoved. Banking analysts said Wen's comments, without any details on how ...

  10. Wen proposes a lifeline of credit for small businesses

    Posted Oct 06th 2011, 12:00am

    ... Cary Huang cary.huang@scmp.com Premier Wen Jiabao has urged stronger financial support for cash-strapped smaller businesses, amid reports that many small and medium-sized enterprises are facing bankruptcy due to credit tightening. Wen (pictured) made the remarks during a visit to Wenzhou, a hub of private capitalism, in Zhejiang province on Monday and Tuesday, Xinhua reported. ...




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