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National Development and Reform Commission

This tag is associated with 19 posts

China: the tricky chessboard of the free trade agreements


US and China are facing each other with similar but opposite strategies in the whole Asia-Pacific area: The Trans Pacific Partnership (TPP), of which China isn’t a part, and the Regional Comprehensive Economic Partnership (RCEP) led by China and the ten nations of ASEAN that will create a regional free market of more than 3 … Continue reading

Top executives refuse to work in China; slowing economy and pollution the main reasons


China‘s smog is making it harder for foreign firms to convince top executives to work in the country, the American Chamber of Commerce in Beijing said on Wednesday, offering some of the strongest evidence yet on how pollution is hurting recruitment. Some 48 percent of the 365 foreign companies that replied to the chamber’s annual … Continue reading

China’s premier warns on economic slowdown


Chinese Premier Li Keqiang warned on Thursday that the economy faces “severe challenges” in 2014 – comments that came as weak data fanned speculation the central bank would relax monetary policy to support stuttering growth. Li, speaking at a news conference on the final day of China’s yearly parliament, hinted Beijing would tolerate slower economic … Continue reading

China’s commodity subsidising problems are only getting worse


Bloomberg recently reported that China, in order to aid its own cotton farmers by supporting cotton prices, has been buying up excess production into government stockpiles. The world’s biggest producer and user of cotton will have 12.7 million metric tons in inventory by July 31, 2014, 62% of the global total and enough to make … Continue reading

China: Post-plenum blues?


The third plenum of the ruling Chinese Communist Party (CCP) central committee, which concluded on November 12th, has left many observers disappointed. After months of efforts by the senior leadership to promote the meeting as a major reform landmark, its final report came as something of a let-down. However, it was broadly in line with … Continue reading

China to invest $375 billion on energy conservation, pollution


China plans to invest 2.3 trillion yuan ($375 billion) in energy saving and emission-reduction projects in the five years through 2015 to clean up its environment, the China Daily newspaper reported on Wednesday, citing a senior government official. The plan, which has been approved by the State Council, is on top of a 1.85 trillion … Continue reading

China targets foreign firms for charging more than inferior domestic products


China’s top economic planning agency is investigating costs and prices charged by drugmakers, including units of GlaxoSmithKline and Merck, as foreign firms come under pressure from Beijing over possible price-fixing. The move follows a separate probe into instant milk powder, which has already led to price cuts. The National Development and Reform Commission (NDRC) is … Continue reading

Exposure via internet now China’s top weapon in war on graft


Think tank finds online reports spur far more corruption investigations than traditional media. The internet has become the primary tool for exposing corruption on the mainland, “removing a corrupt official with the click of a mouse”, according to a leading think tank’s analysis. In its Blue Book of New Media, researchers from the Chinese Academy … Continue reading

China: Reality pierces through ‘the happiest 30 minutes’ on television


Often mocked for propaganda and ignoring reality, mainland’s most-watched TV news show has begun casting a critical eye over life in China Mainland internet users sarcastically dubbed China Central Television‘s (CCTV) nightly prime-time newscast, Xinwen Lianbo, the “happiest 30 minutes” on television, but there are now fewer smiles than before. Broadcast on almost all mainland … Continue reading

China heads back to the ’90s in economic reform drive


China is poised to launch its most serious economic reform drive since the 1990s after a series of top appointments at the weekend put the architects of Zhu Rongji‘s clash with state owned enterprises in charge of key economic agencies. Vice Premier Ma Kai, Finance Minister Lou Jiwei and central bank governor Zhou Xiaochuan were … Continue reading

China parliament delegates speak out against corruption, red tape


Amid praise for China’s Communist Party and the government’s work report is an increasingly common complaint from delegates to annual parliamentary meetings – too much red tape and corruption. The parallel convening of China’s parliament and its main advisory body is usually a tightly scripted series of meetings meant to show unity and how China … Continue reading

China faces social, financial risks in urbanisation push


China‘s urbanisation drive could fuel social unrest over land disputes and pose financial risks if money is thrown around recklessly, a senior communist party official and a leading economist said on Thursday. Shifting people from the countryside to cities is a policy priority for China’s new leaders as they seek to sustain economic growth that … Continue reading

China fines flat-screen manufacturers for price-fixing


One of Beijing’s economic planning agencies, the National Development and Reform Commission (NDRC), said Friday that the aforementioned South Korean firms plus Taiwanese companies Chimei, Chunghwa Picture Tubes, AU Optronics and HannStar were being fined for their actions between 2001 and 2006.China joined an international crackdown on price-fixing in the flat-screen electronics industry by fining … Continue reading

China faces bumpy road in push for economic growth


The mainland economy faces a year of transition as a new younger leadership has vowed to unleash growth through various economic reforms coupled with a push towards more urbanisation. However, the path ahead is likely to be bumpy and any changes probably will be more gradual than expected, market watchers say. The economy is likely … Continue reading

China bans some hospitals from raising more debt


China ordered county-level public hospitals to stop borrowing money after an audit showed some of them took on too much debt when upgrading facilities, according to a document seen by Bloomberg News. The National Development and Reform Commission, the finance and health ministries and the China Banking Regulatory Commission, requested banks stop issuing new loans and reduce … Continue reading

China’s solar plans are insane


China‘s bloated solar sector has been hard hit this year by plummeting prices brought on by overcapacity. Overseas demand, which absorbs most Chinese panels, is set to fall next year as tariffs are imposed and subsidies cut. However, consolidation in solar manufacturing is not yet in the cards. Instead, the government is turning its attention to boosting … Continue reading

Business Week Reports China Economic Slowdown Despite Stimulus


Amid growing concerns that China’s growth figures may be overstated, the National Bureau of Statistics announced July 13 that gross domestic product grew 7.6 percent in the second quarter, its slowest pace in three years. A slowdown in investment, including in real estate and infrastructure, the primary driver of China’s growth in recent years, plus … Continue reading

China’s new privatisation plan faces push-back risk


China‘s new push to open state controlled industries may look bold after a decade of stuttering privatisation progress, but Beijing faces stiff resistance from vested interests in its effort to extend its World Trade Organisation dividend. Beijing’s leaders, its top think-tanks, the World Bank and private sector economists all largely agree that for China to … Continue reading

China in hardest private-sector push in decade


China signalled on Wednesday it wanted to boost private investment in its energy sector as Beijing makes its most determined push since joining the World Trade Organisation to reduce the role of the state sector in the economy. Many analysts say China must allow more private investment if it is to unlock new sources of … Continue reading

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