According to its "urgent notification", the State Council ordered thorough checks to see whether central or local government agencies had used public funds to build extravagant offices, halls or...
- Tue
- May 21, 2013
- Updated: 11:15pm
Trending topics
12 May 2013
A 29-year-old deputy county head of Jieyang in Guangdong has been demoted to the rank of clerk after internet users questioned whether his father, who held the post before him, had a hand in his...
6:28AM
6 May 2013
Last month Zhang Ke, the boss of accounting firm ShineWing, gave voice to fears shared by an increasing number of people. China's local government debts were "out of control", he told the...
3:34AM
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18 Apr 2013
Warning of local governments' high exposure to bad debts, credit agency Fitch recently downgraded China's long-term local-currency rating from AA-minus to A-plus. Chinese officials should take...
3:18AM
14 Apr 2013
Shop owners in Fenghuang old town, a popular tourist site in Hunan province , have seen business fall by as much as half since the local government introduced an entry fee for tourists last week....
1:56PM
26 Mar 2013
Since China's era of reform and opening up began, the country has experienced three instances of large-scale public-finance problems. In the late 1970s, it faced a debilitating fiscal deficit. In...
3:28AM
People's Bank of China governor Zhou Xiaochuan said attention needed to be paid to the development of local governments' financing vehicles and their hidden risks.
7:47AM
The State Council yesterday issued its latest plan to reduce red tape and administrative intervention in business, part of a major drive by the new leadership to build a more market- oriented,...
6:06AM
The mainland economy may continue to rely on investments this year, going by the development goals laid out by leaders from more than 30 provinces and municipalities.
5:25AM
Shanghai's new mayor, Yang Xiong, said yesterday he understood the "inadequacies" of public services as "a citizen" of the mainland's commercial hub.
5:48AM
Affluent coastal townships are scrambling to get themselves classified as cities amid reports that the central government is thrashing out new policies to foster its urbanisation goals.
4:46AM
The former secretary of Quzhou city’s Department of Transportation was reported to have placed fourteen relatives in various Hebei governmental positions while he was in office.
8:23PM
11:39AM
9:22PM
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