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Society

Beijing issues pay rise guidelines for this year

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By David Cao
David Cao
30 June 2011
Hits: 1081

Enterprises in Beijing are advised to give their employees a wage rise of about 10 percent and no less than 5 percent this year, according to a living cost adjustment guide issued on Wednesday by Beijing Bureau of Human Resources and Social Security.

The guide is intended as a basis for employers and employees to collectively discuss wage adjustments this year, but is not obligatory.

For those enterprises that are not making money the wage rise can be less than 5 percent or even zero, but wages should not be below Beijing's minimum wage, which is 1,160 yuan ($179) a month.

According to the bureau, the guide, based on the government's goal of macro-control for this year, is a means for the government to redistribute social wealth. It also stipulates that executives should not get a rise unless staff members do.

Read more: Beijing issues pay rise guidelines for this year

Shanghai unveils plan for 7 new satellite cities

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By David Cao
David Cao
30 June 2011
Hits: 1106

shanghai the pound

Shanghai is still in its amazing developing speed.

As the key goal in the 12th Five-Year Plan (2011-2015) for Shanghai, the city will focus on the urban planning of suburbs in seven new satellite cities and on developing links with neighboring cities in the Yangtze River Delta.

The municipal city held a news conference on Monday to announce a long-term plan to move development from the downtown area to the suburbs.

"The development of new cities in the suburban area will help Shanghai to become an international city with a well-balanced urban and rural development system and to lead the upgrading restructure of the Yangtze River Delta," said Hu Jun, deputy director of the Shanghai Municipal Planning, Land and Resources Administration.

According to the plan, the seven new cities, including Lingang New City in Pudong New Area, Qingpu New City and Jinshan New City, will be developed to be the main industrial bases for advanced manufacturing, emerging industries and the modern services industry.

"The construction of those bases will be done in cooperation with neighboring industrial regions such as Kunshan and Suzhou by making Shanghai the center of Yangtze River Delta development," said Hu.

Read more: Shanghai unveils plan for 7 new satellite cities

World's longest gas pipeline operates in China

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By David Cao
David Cao
30 June 2011
Hits: 1154

China's second east-west natural gas pipeline went into operation on Thursday.

The pipeline, connecting central Asia and China, will send natural gas from Turkmenistan to South China's Pearl River Delta after passing through 15 of the country's provinces.

The pipeline is the world's longest, with a total length of 8,700 km. The pipeline was built with 142.2 billion yuan ($21.98 billion) in investments.

China raises income tax threshold to 3,500 yuan

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By David Cao
David Cao
30 June 2011
Hits: 1173

China's top legislature on Thursday adopted an amendment to individual income tax law, which raises the monthly tax exemption threshold from 2,000 yuan ($307.7) to 3,500 yuan($538.5).

The adjusted threshold is 500 yuan greater than the amount originally proposed in a previous draft of the amendment, which was submitted to the National People's Congress (NPC) Standing Committee on Monday for its second reading.

The new exemption threshold was agreed upon after the legislature held two meetings on Tuesday and Wednesday to listen to its members' opinions. It was during these meetings that the NPC's Law Committee proposed raising the threshold to 3,500 yuan.

The amendment was "necessary and timely" and will reduce tax burdens for people with low incomes, as well as help to adjust the distribution of income, according to the committee's proposal.

Read more: China raises income tax threshold to 3,500 yuan

China opens world's longest sea bridge

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By David Cao
David Cao
30 June 2011
Hits: 1611

China bridge

China’s Jiaozhou Bay Bridge, the world’s longest cross-sea bridge, linking the eastern port city of Qingdao and the offshore island Huangdao, opens on June 30, 2011.

China has opened the world's longest cross-sea bridge.

Read more: China opens world's longest sea bridge

More Articles …

  1. It's still a man's world for Chinese women
  2. China and Vietnam Agree to Talks on South China Sea Dispute
  3. China tests Beijing-Shanghai bullet train
  4. China High Way Accident Killed 6 injured 16
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Page 88 of 263

Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Business China

  • Inbound Tourism Poised as Next Growth Engine for China's Service Sector
  • China sees 11.279m cross-border trips during the Labor's Day Holiday
  • Spring Festival Returns Ignite Service Consumption in Small Cities: Leisure and Entertainment Orders Up Nearly 30%
  • China's Auto Output and Sales Hit New Highs in 2025
  • China's record-breaking 45-trillion-yuan foreign trade volume in 2025

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Manufacturing

  • China to Build Seamless Asteroid Monitoring Network Covering Solar Blind Spots
  • Solar thermal power station in Jilin sets pace for cold climates
  • China-made C919 transports 5 million passengers in past 3 years
  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double

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