New China News Agency

29 Apr 1998

Shenzhen is to hold its first land auction in more than five years. On May 20, the city will auction two lots, one residential and one commercial, covering a total of 50,818 square metres,...

Fuzhou moves to block building on farmland

13 Aug 1997

Fuzhou, the capital of Fujian province, will stop diverting land for non-agricultural purposes, particularly the real-estate sector, according to official reports.

Private sector growing fast

22 Jul 1997

The private sector in Shanghai is booming with 62,000 firms and an aggregate registered capital of 32.1 billion yuan (about HK$29.84 billion), Xinhua (the New China News Agency) reported yesterday...

Help for laid-off workers

26 Jun 1997

Anhui province is encouraging its debt-ridden state-owned enterprises to set up service companies to employ their laid-off workers.

To prevent social unrest, companies have been...

Ex-military cadres 'must be given jobs'

17 Apr 1997

Former military cadres transferred to civilian work must not be rejected by local government units and enterprises, Beijing authorities said.

Opinion

Wang Xiangwei

Super ministries may not be the right answer for mainland China

Alex Lo

Church developers remain unbowed by government rules

George Chen

A house is not a home until it becomes affordable

Guangdong sets out housing sale rules

Guangdong province has promulgated a set of rules to standardise the performance of newly-built houses and apartments in urban areas once they are put up for sale on the open market.

A-share issue to raise $55m

Yunnan Dali Paper Manufacturing Co has issued 15.78 million A shares to raise 59 million yuan (about HK$55.09 million) for expansion projects.

The shares were priced at 3.75 yuan...

Fragile glass

China's glass industry faces up to two years of sluggish sales as excessive supply continues.

Xinhua (the New China News Agency) said sheet glass output rose 15 per cent last year,...

Guangzhou subway loans met

China has finally obtained all the foreign loans it needs for construction of an underground rail system in Guangzhou.

Shenyang targets foreign investors

The Shenyang Beizhan Trading and Banking Development Zone has plans for 60 high-rise buildings.

The buildings would have a combined floor area of 32.3 million square feet and would be...

Floods force production growth down to 12.2pc low

Industrial production growth in China dropped sharply to an annualised rate of 12.2 per cent in July, hit by flooding in the south and hot weather, according to official figures.