A new website will help the public to search that people who haven’t paid after failing in civil cases in court.

There are more than 5.24 million verdicts that have been handed down by 3,484 courts in the new service list. According to Jiang Bixin, vice-president of the supreme People’s Court, the verdicts must be carried out in the 1.44 million cases.

“There are a growing number of civil and commercial cases that require carrying out Read more…

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case, China, court, economy, public, website

A Chinese newspaper, which reported that China had cancelled a deal of buying 150 aircrafts from Airbus, has caused a sensation in the whole media world of China. This newspaper made a mistake in translating the original report from a news agency of the United States.

This newspaper is based in Chengdu, Sichuan province. It quoted the Bloomberg Read more…

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Airbus, China, economy, newspaper, order, translation

The leading policy maker said China should take actions at present to strategically and completely reexamine the policies for millions of migrant workers who are unemployed due to the current financial crisis.

Liu He, deputy director of the Office of the Central Leading Group on Finance and Economy, said the need of the hour is to provide vocational training and education for the migrant workers. “This is not only about employment but also something that has severe social implications,” Liu said in an Read more…

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China, crisis, economy, migrant, package, policy

Shandong became only the second province to reach a GDP of over 3 trillion yuan in 2008. While most of the economies across the world are suffering from the current financial uncertainties, Shandong, the eastern coastal province, impressed all by a 2008 GDP of 3.11 trillion yuan—a growth of nearly 12.1 percent, achieving an accomplishment previously only matched by China’s traditionally most prosperous province—Guangdong.

According to a more in-depth analysis of the figures, it was also Shandong’s Read more…

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China, crisis, economy, GDP, growth, province, Shandong

China’s rail users will be the biggest winners as the government’s detailed financial stimulus package come out. New high speed trains, a greatly expanded rail network and faster links between the country’s major cities, all now pulling out of the sidings, are racing towards completion.

China’s railway builders and train manufacturers, too, are celebrating their unexpected fruits following the government’s commitment to enlarge the rail infrastructure across the country. Companies in these sectors are expected to be the major beneficiaries of the 4 trillion yuan stimulus package lately announced by the government as its key policy in ensuring China’s economy continues to thrive, despite the situation of the global financial downturn.

The first fruits of this massive Read more…

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China, economy, investment, package, rail, train

6.11 million fresh graduates will crowd into the job hunting market this year while it was only 5.59 million in 2008. Since there is a great pressure of the employment around the country, this year, 50000 graduate students which are three times more than it was in 2008 could work as short-term teachers.

There is a contract with the local government that graduate students should work there for 3 years and the central government will pay a special fund for them. “Some jobs are only Read more…

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China, economy, graduates, job, market, pressure

As the US economic slowdown claims more victims, industry data shows that large US cooperate bankruptcies have been accelerated in recent weeks.

The data compiled by Bankruptcy Data.com and reviewed by Reuters indicates that eight public companies with assets of over $1 billion have filed for bankruptcy protection in the last four-week period. It also suggests that it is the largest number of multibillion-dollar public company bankruptcies in Read more…

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China, crisis, data, economy, recession, slowdown

A recent report, titled “Climate Change and Poverty: a Case Study of China”, observes that more than 95 percent of poor people’s lives in ecologically sensitive regions are deeply and mostly affected by the changing climate. According to this report, a map of China’s impoverished areas overlaps the map of the country’s ecologically fragile areas.

The report, released on June 17, 2009, was initiated by Greenpeace Read more…

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ICBC ranked first on the list of global banks last year with a profit of $21.3 billion, stated new industry rankings the other day.

China and Spain have enjoyed the five banks with the best performance. China Construction Bank just followed ICBC earning $17.5 billion. The third, fourth and fifth was Santander ($15.8 billion), Bank of China ($12.6 billion) and BBVA ($9.6 billion) successively, listed The Banker magazine. Read more…

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bank, China, economy, ICBC, industry, profit

The German city of Bielefeld has bred a lot of young, ambitious Internet entrepreneurs. The Dreyer brothers were craving to leave for southern Europe when their father suggested Shanghai instead, because of an article titled “Shanghai-The City of the Future” in a newspaper.

To the day five years ago, the Dreyer brothers booked their tickets to China. Today, David, Julius, and Robert, 28, 26, and 24 respectively are millionaires. The NetCircle is their Shanghai-based company which Read more…

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center, China, city, country, economy, entrepreneurs, internet