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China's central bank on Friday issued guidelines to regulate the country's burgeoning prepaid card market.
The government will replace turnover tax with a VAT on select service sectors, such as the transport sector, in Shanghai from Jan 1, 2012, said a statement issued after a State Council meeting presided over by Premier Wen Jiabao.
China will strictly control the consumption of non-renewable energy in the next five years by setting mandatory ceilings for local governments, a senior energy official said Sunday.
China will step up efforts to provide regulation of the online retail market for the first time.
Regulator on Friday reiterated measures ordering centrally-administered state-owned enterprises (SOEs) to declare their assets overseas in a bid to stop a corruption- and loss-prone loopholes.
The People's Bank of China (PBOC), the central bank, announced Friday it has just issued regulations about foreign direct investment (FDI) settled in the Chinese currency renminbi.
Foshan, a third-tier city in the southern province of Guangdong, has become the nation's first city to ease recent restrictions on home purchases by allowing local families to buy an additional residence.
Local governments at all levels are expected to face stronger obligations to protect the environment, and polluters will face much heavier fines.
The China Banking Regulatory Commission (CBRC), the nation's banking regulator, on Oct 9 unveiled new measures to improve regulations over banks' wealth investment products.
The Chinese government will subsidize sales of energy-saving building materials in more rural areas as part of the country's efforts to improve living conditions of people in the countryside.
China has banned the production, sale and use of clenbuterol tablets, a medicine used to treat bronchial asthma that has also been illegally used by farmers to make their pigs leaner.
China said on Sept 26 it has launched an inter-provincial operation to better regulate the production of light rare earth metals in its latest effort to rein in illegal rare earth exploration.
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