China unveiled Stimulus packages for 10 industries
To cope with the international financial crisis,China unveiled stimulus packages for 10 industries,including auto, steel, shipbuilding, textile, machinery-manufacturing, electronics and information industries, the light industry, petrochemical, nonferrous metals, and logistics.
China unveils health-care reform guidelines
China unveiled a blueprint for health-care over the next decade, kicking off a much-anticipated reform to fix the ailing medical system and to ensure fair and affordable health services for all 1.3 billion citizens. By 2020, China will have a basic health-care system that can provide "safe, effective, convenient and affordable" health services to residents.
China to cool down soaring house price
China's State Council said that the government was discussing measures and policies for the healthy development of the country's real estate sector as house prices in some cities are rising too fast.
China's Nasdaq-style board starts trading
Twenty-eight small and medium-sized enterprises started trading their shares Oct. 30, 2009 at China's Nasdaq-style market, ChiNext, on the Shenzhen-based exchange, Guangdong Province.
Coca-Cola purchase of Huiyuan fails to pass antimonopoly review
The Ministry of Commerce (MOC) announced that Coca-Cola's bid to acquire China Huiyuan Juice Group failed to meet the country's anti-monopoly law.Coca-Cola Company and Huiyuan Group said they respect the decision of MOC.
China's Central Economic Work Conference
China's macroeconomic policies for 2010 were set at the three-day Central Economic Work Conference in December. The conference, held once a year to set the tone for next year's economic development, is viewed as one of the most important economic events in the country.
GM, Sichuan Tengzhong make a deal on Hummer
The General Motors, undergoing a life-or-death transformation now, said Friday that it would sell its Hummer brand to China's Sichuan Tengzhong Heavy Industrial Machinery, a private manufacturing company in southwestern China.
No change in China's economic policies: Premier
"To achieve a stable and a steady growth remains the top priority of the country," Chinese Premier Wen Jiabao reiterated that the government would stick to its proactive fiscal policy and moderately easy monetary policy for sustained growth.
China becomes world largest exporter for first time
For the first time, China took the lead as the world's export champion, surpassing Germany by a minimal amount in the first half of the year. A report released by the World Trade Organization shows that from January to June, China exported goods worth $521.7 billion.
China starts trial of foreign trade settlement in yuan
China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Renminbi. The cities are Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan.
Numbers
The average price of pre-construction homes inside Beijing's 4th Ring Road now stands at a staggering 20,515 yuan per square meter
China's annual auto production has exceeded 10 million units for the first time
China's economic growth accelerated to 8.9 percent year on year in the third quarter, and 7.7 percent year on year in the first nine months
Gold prices hit a record high and analysts expect the increase to continue in the second half of 2010
China paid 700 billion yuan for Rio Tinto's six years of spying
Disney gets China's nod for Shanghai theme park. Media reports have placed the cost of the park at around $3.6 billion.
China will raise gasoline and diesel prices both by 480 yuan (70.28 U.S. dollars) per tonne.
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