Government Updates
MOFCOM: Announcement No. 22 [2009]
MOFCOM: Announcement No. 22 [2009]
Read moreRevised rules 'help lift travel market'
The move to slash the amount of capital needed by foreign-owned travel agencies to set up in China will further widen the market and help reduce rogue operators, said senior tourism officials yesterday.
China tightens regulations on risky medical technologies
BEIJING - China is tightening regulations on the clinical use of high-risk or ethically controversial diagnostic and therapeutic technologies.
MOF introduces new bank stake sale rules
The Ministry of Finance has introduced new rules requiring that state-owned stakes of banks and financial institutions be sold at market prices, Reuters reported.
Read moreChina welcomes new energy cooperation with multinationals
BEIJING - Vice Premier Li Keqiang said Wednesday that China welcomed expanded cooperation with multinationals to develop new energy sources.
World Bank cuts China GDP outlook
THE World Bank trimmed its forecast for China's 2009 growth from 7.5 percent to 6.5 percent yesterday as a result of falling exports but expressed confidence in the government's ability to keep the world's third-largest economy expanding amid the global downturn.
Coke bid for juice maker turns sour
The government rejected Coca-Cola's plan to acquire beverage maker China Huiyuan Juice Group Ltd for $2.4 billion on Wednesday, citing the country's anti-monopoly law.
Beijing scuppers Coke deal
China yesterday rejected a $2.4bn Coca-Cola deal that would have been the country's biggest foreign takeover, stoking fears of protectionism and warnings the decision could scupper Beijing's push to invest in overseas mining companies.
Read moreChina's cabinet urges thorough implementation of gov't work report
BEIJING, March 18 (Xinhua) -- China's State Council (Cabinet) called Wednesday for thorough implementation of this year's government work report in face of the worsening global downturn.
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