Government Updates
Health care reform could be prescription for employment
BEIJING, April 9 (Xinhua) -- China's 850 billion yuan (124 billion U.S. dollars) raft of health care reforms, announced this week, are mainly meant to improve care for rural and poor residents and spur domestic demand.
Read moreInsurers and banks to cut execs' pay
CHINA said yesterday that executives of state-owned banks and insurers are paid too much and ordered those firms to cut their salaries to promote income fairness amid an economic slump that has wiped out millions of jobs.
Shenhua to press ahead with carbon capture program
Shenhua Group, China's largest coal producer, is on course to launch the country's first carbon capture and storage (CCS) project, Reuters reported, citing a statement from the State-Owned Assets Supervision and Administration Commission.
Read moreChina sees net steel import in March, insider
Though the official statistic figure hasn't been released yet, industry insiders predict that China sees net import of steel products in March, which would be the first time since 2006.
China Stainless Steel Demand May Rise 8 Percent
China's demand for stainless steel may rise as much as 8 percent this year as government stimulus spending spurs consumption in the world's largest metals consumer, said an economist with Taiyuan Iron & Steel Group.
China sees smaller decline in biz climate index, confidence recovers
China's business climate index, a main gauge of macro-economic outlook, continued to fall in the first quarter, but the decline was much smaller than that for the previous quarter, the National Bureau of Statistics (NBS) said on Thursday.
Read moreRecall rule on products to cover all producers
Manufacturers who fail to recall or report substandard products face fines of up to 500,000 yuan (US$74,530), under a draft regulation released Thursday.
SFDA: Emergent Notice of Reinforcing Hygiene Supervision and Administration Work On Cosmetics Soundl
SFDA: Emergent Notice of Reinforcing Hygiene Supervision and Administration Work On Cosmetics Soundly
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