Economic Pulse

Vice-Minister of Health Huang Jiefu called for more opportunities and government support for the development of private hospitals to foster a larger medical market.

Shanghai has overtaken Hong Kong and Singapore to become the world's fifth most important financial center, and Beijing is considered the second most influential political city.

Property tax on second homes is "probable" to expand this year to shore up the finances of local authorities and curb property prices.

In 2006, Liaoning launched a policy called The Decision on the Implementation of a Scientific Outlook and Strengthening Environmental Protection.

Gree sets lofty sales goal

2013-03-07 10:53

Gree Group, China's largest maker of domestic air conditioners, has set an ambitious sales target for the years ahead, even amid the sluggish demand due to the global financial crisis.

The possibility of further interest rate hikes cannot be ruled out this year, if the government is to meet its inflation and money supply targets.

Local govts' revenue rises

2013-03-07 10:04

The revenue of local governments rallied in the first two months of the year, driven by surging tax income from an increasing number of property transactions.

Beijing Mayor said the capital will work hard to cool down rapid urban expansion in order to address traffic congestion, pollution and resource scarcity.

Maintaining annual GDP growth between 7 and 8 percent is the best option for China's development, a senior official said on Wednesday.

A moderate economic growth rate will help Shanghai adjust its economic structure, enhance production efficiency and ensure a stable employment rate, the city's mayor said on Wednesday.

Most of the 22 policies about the Qianhai Bay economic zone near Shenzhen have been or is being implemented, said a top economic official on March 6.

The head of China's top economic planner defended the government's economic policy as a means of effectively defusing a crisis and maintaining high growth momentum over the past five years.

The value of China's RMB yuan has been very close to its equilibrium and its exchange rate will continue to be stable this year, Yi Gang, deputy governor of the People's Bank of China, the central bank, said Wednesday.

China is shifting its focus from expanding trade volume to enhancing trade quality and efficiency as well as developing new competitive advantages in exports.

Chief economic planner said China's 7.8% economic growth in 2012 should be evaluated "positively" and he is confident about the growth.

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