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China

Living in China: Shanghai expats receive security blanket

Foreigners and overseas Chinese who hold a Shanghai residence card and stay in a work contract with a Shanghai employer can now enjoy the city’s social security and benefits, just as their local counterparts do: The Shanghai Human Resources and Social Security Bureau has put up a notice on its Website, stating that the policy has been in effect since October 10, 2009 […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: boost spending to save economy?

The Chinese government is asking its people to spend a little more and save a little less to help get the country through the global economic downturn […]

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China

Living in China: Cabinet passes new medical reform plan

The Chinese State Council, or Cabinet, passed a long awaited medical reform plan which promised to spend 850 billion yuan (123 billion U.S. dollars) by 2011 to provide universal medical service to the country’s 1.3 billion population. The plan was studied and passed at a recent executive meeting of the Chinese State Council chaired by The Chinese premier Wen Jiabao, and has been deliberated by authorities since 2006…

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China Economics Trend Watching

2007 Retrospective: Top 10 Economy Events in China

The following is the 2007 Top 10 Economic Stories Selection from Economic Information Daily and Perfect China Co Ltd. The chief editors of 16 Beijing-based news organizations, including Zhu Ling, editor-in-chief of China Daily, as well as renowned local economists, put together this selection of the year’s top stories. 1. Property The National People’s Congress, China’s top legislature, passed the Property Law of the People’s Republic of China on March 16. The law granted equal protection to public and private properties for the first time…