Companies to inform govt of layoffs 30 days prior

As layoffs and labor disputes become frequent with the global economic slowdown wiping out more businesses, the central government yesterday told employers to inform trade unions of their plans of mass layoffs at least 30 days in advance.

Jilin details plans to up grain output

CHANGCHUN: Jilin province is expected to increase its annual grain yield by 5 billion kg within five years, its governor said yesterday.

Hunan invests in overseas firms

CHANGSHA: Firms in Hunan expanded their investments overseas last year, Gan Lin, its deputy governor, said.

Jiangsu takes lead in combating financial crisis

Global financial crisis has imposed serious threat to economic development, but it is also a time to seek opportunities for growth, an official of Jiangsu province said.

Intel says to shift 2,000 jobs out of Shanghai

Intel Corp announced on Thursday a reorganisation of its China operations that would close a Shanghai plant and eliminate 2,000 jobs, while affected workers would be offered positions in other parts of the country.

Jiangsu shows signs of recovery

Jiangsu province is showing signs of recovery from the global economic downturn, fueling hopes of steady growth this year, latest figures from the provincial statistics bureau have showed.

Beijing approves new subway line

The Beijing municipal government has approved the construction of subway Line 15, which is expected to start within the year.

Jiangsu province maintained fast economic growth in 2008

The global financial crisis slowed down the economic development in many places in China in 2008, but Jiangsu province maintained a relatively fast growth rate, sources from Jiangsu provincial government said.

A job seeker fills in an application forms at a 'talent market'

Stocks rise sharply on reports of new stimulus

SHANGHAI: Chinese shares ended sharply higher yesterday with broad rallies in blue chips like bank and non-ferrous metal stocks, while reports on pending policies to bolster the equipment manufacturing and textile industries steered a burst of cash into the market.

'Financial city' is taking shape

SHANGHAI: The city's recent plan to further escalate the role of its Lujiazui financial and trade zone is good news for financial talents from home and abroad, but a prudent approach and adequate screening is "especially necessary", warned an economist yesterday.

Shandong sees decline in exports of aquatic products

East China's Shandong Province saw a 3.6 percent year-on-year decline in aquatic product export in 2008.