Private property rights are now in China's constitution. So what?Monday, 15 March, 2004, 12:00am
The Guangdong government has allowed private and individually run businesses to buy into state-owned or collective-owned enterprises in non-monopolised sectors.
They have also been cleared to become majority shareholders in state-owned entities engaged in ordinary trades.9 Sep 1999 - 12:00am
Here is an interesting anomaly for you, one that reminds you to treat some official figures coming out of the mainland with a little scepticism.
According to the authorities in Beijing, the transition to a more market-oriented economy is proceeding smoothly with state-owned enterprises now accounting for only about 30 per cent of the gross value of industrial output.29 Mar 1999 - 12:00am
It was a scene that Chairman Mao could never have imagined - nearly 3,000 delegates of the National People's Congress (NPC) listening to a government leader explain the need to amend the constitution to raise the status of the private sector.11 Mar 1999 - 12:00am
The father of the Bankruptcy Law has backed a proposed constitutional amendment giving more protection to private business but said it did not encourage a sector that could account for nearly one-third of the economy.4 Mar 1999 - 12:00am
The mainland will have urban unemployment of at least 10 per cent for the next 15 years even if it maintains economic growth of 7 to 8 per cent during the same period, according to a leading newspaper.
The China Economic Times yesterday carried a detailed report on the gravity of unemployment, reflecting growing public recognition of the problem.8 Feb 1999 - 12:00am
Aseminar in a Beijing hotel has attracted 100 private businessmen on how to improve management, and 12 are from the central city of Nanjing.
'It is October 1 and the start of the police Strike Hard anti-crime campaign,' complains Manhattan Disco Plaza chairman Wang Xiaomin.6 Jan 1999 - 12:00am
In southwest Beijing's Fangshan suburb, a group of yellow-brick buildings rises out of frozen earth covered by light snow. Above them is a sign: Hope Group Feedgrain Co.26 Jan 1998 - 12:00am
BETWEEN 250,000 and 300,000 workers will be laid off by firms in Liaoning in each of the next three years, the Governor said last night.
Wen Shizhen was unveiling a drastic plan to revitalise the province's state sector under which 90 per cent of medium-sized and large state-owned companies will be merged with firms of different ownership over the next three years.28 Dec 1997 - 12:00am
A TOP government official overseeing economic reforms has called for the scope of the social security system to be expanded.
Wang Dongjin, Vice-Minister of the State Commission for Restructuring the Economy, made the call at a seminar in Qingdao to discuss changes to the allocation of public resources.16 Nov 1997 - 12:00am