China Business Times

Cadres pilfer funds meant for poor

Local officials misused or embezzled one-fifth of the money allocated under the mainland's poverty-alleviation fund, according to the State Auditing Administration.

Thursday, 18 January, 2001, 12:00am

Graft hurts as non-state firms double revenue

The revenue of China's private companies has more than doubled in the past three years, but they still face illegal fees and taxes and discrimination in access to bank loans, a national survey found.

14 Dec 2000 - 12:00am

Economy forecast to grow by 7.3%

A government think-tank has forecast the economy will grow an average 7.3 per cent a year until 2020.

'We expect China's productivity to maintain a relatively rapid growth rate over the next 20 years,' the China Business Times quoted a research report by the cabinet's Development Research Centre as saying.

26 Apr 2000 - 12:00am

Pork prices languish at 4-year low

Prices of pork, the staple meat in the mainland, have hit a four-year low because of oversupply and falling consumption.

At the end of last month, the average purchase price of pigs in producing provinces was 5.61 yuan (about HK$5.22) a kilogram, the lowest rate since 1994 and 30.5 per cent lower than a year earlier, the China Business Times reported yesterday.

8 Jul 1998 - 12:00am

State assets reach $6.5 trillion

The mainland's net state assets stood at seven trillion yuan (about HK$6.5 trillion), the China Business Times yesterday quoted Vice-Finance Minister Zhang Youcai as saying. State assets reached 6.5 trillion yuan at the end of 1996. Total assets of state-owned and collective firms (except for financial institutions), which included debts, were estimated at 20 trillion yuan.

2 Apr 1998 - 12:00am

Consumer goods sales rise 21pc

Sales of consumer goods in the first four months rose 21.4 per cent to 757.5 billion yuan (about HK$703.34 billion) from the same period last year.

The China Business Times said yesterday that sales were up 18.6 per cent in April, compared with the same month a year ago.

28 May 1996 - 12:00am

Millionaires top 500 mark

CHINA'S economic reforms have spawned more than 500 millionaires, although the average annual income of rural families is US$110 (HK$851), according to the China Business Times.

''Some people have become rich through inglorious means, but it must be recognised that their spirit of enterprise is first class,'' the newspaper quoted a tax official as saying.

4 Jan 1993 - 12:00am