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Surging rare earth prices have attracted Chinese private enterprises to enter the field, but limited mining lease licenses forces them to seek opportunities abroad, China Business News reported.
Local authorities have been urged by the Ministry of Housing and Urban-Rural Development to implement restrictions on property purchasing in second and third tier cities.
The State Oceanic Administration (SOA) said the report that it would demand more than 100 million yuan ($15.6 million) in compensation for the oil spill accident at Penglai 19-3 field in Bohai Bay is unture.
No threshold should be set when private enterprises invest in China's emerging industries of strategic importance, the National Development and Reform Commission (NDRC) announced in its latest notice.
China has yet to cut its oil prices despite the recent plummet of international oil pirces, since the country's oil prices depend on its oil-pricing mechanism, the Beijing News reported China Petroleum Co (Sinopec Group) as saying.
Civil Aviation Administration of China has announced that flights delayed by more than two hours will be given priority to take off and it will coordinate with the military to open provisional airspace and routes during large-scale flight delays.
Housing prices have been relatively stable and slightly reduced in Beijing since the strictest "home purchase limit" was implemented six months ago. However, while the demand for purchasing has dropped, the trend of renting has led to increasing rent prices, Beijing Times reported Monday.
Dagong Global Credit Rating Co Ltd, the agency that recently gave the Ministry of Railways a credit rating of AAA, has defended its rating in response to doubts from the public, China Business News reported.
A total of 43 percent of local government debt, or 4.6 trillion yuan ($711.16 billion), will reach maturity in two years, China Securities Journal reported Monday, citing an authoritative source who declined to reveal his name.
Guangxi local authorities are cracking down on pyramid selling, arresting key players as the country as a whole vows to eradicate such network marketing, www.cnr.com reported on Monday.
A new national cable network company that plans to hang out its shingle by September will play an important role in the integration of telecommunications networks, cable TV networks and the Internet.
China is opening an international hotel every four days, making it the world’s fastest hotel market, Shanghai Morning Post reported.
