Originally, Singapore adopted this measure and has made great achievements. Last year, Russia passed a bill on countering corruption, which aims at increasing governmental officials’ salary to combat corruption.
Likely, this topic has been discussed heatedly in China. In the past, some experts suggested that China should adopt this method to counter corruption. However, this measure [...]

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BEIJING, Oct. 10 (Xinhua) — Chinese share prices tumbled 3.8 percent at opening on Friday to break the 2000-point mark amid global market slump.
The Shanghai Composite Index opened at 1985.96 points, down 78.62 points or 3.8 percent from the previous closing. The smaller Shenzhen Component Index opened 6482.19 points, down 276.03 points or 4 [...]

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BEIJING, Oct. 10 (Xinhua) — China’s mainland reported a 39.85 percent surge in the actual use of investment from other areas in the first eight months over the same period last year.
Investment inflow reached 74.37 billion U.S. dollars during the January to September period, the Ministry of Commerce said on Friday.
Zhang Hanya, a researcher with [...]

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BEIJING, Oct. 10 (Xinhua) — Sinopec, Asia’s top refiner, saw 4.335 billion of its non-tradable shares freed-up on Friday, all belonging to its parent company, China Petroleum and Chemical Corp. (CPCC). CPCC said it would not cash in any of those shares.
These shares accounted for 5 percent of its total capital stock.
“We have never sold [...]

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TEHRAN, Oct. 11 (Xinhua) — Iranian Oil Minister Gholam-Hossein Nozari on Saturday called for the stability of international oil market after a sharp crude price decline on Friday, Iran’s English-language Press TV reported.
“We should be after market stability,” Nozari told reporters Saturday after the opening ceremony of an oil forum held [...]

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SINGAPORE, Oct. 11 (Xinhua) — A Singapore central bank senior official reassured Singaporeans on Saturday that the city-state’s financial institutions “are sound and operating normally.”
Speaking at the “Money Sense” seminar, Heng Swee Keat, Managing Director of the Monetary Authority of Singapore (MAS) said, one reason is Singapore does not have subprime [...]

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A farmer unloads newly reaped paddy in Jiangzhuang village, Donghai county, east China’s Jiangsu Province, Oct. 11, 2008. Large parts of China have witnessed crop harvest in this golden autumn.(Xinhua/Zhu Guilin)
Photo Gallery>>>
BEIJING, Oct. 11 [...]

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BEIJING, Oct. 11 (Xinhua) — A list of Chinese companies paying the highest taxes in the nation shows that the state-owned companies are still the biggest taxpayers in China.
It also reveals an imbalance between different geographical regions.
According to a ranking released Saturday by the State Administration of Taxation and China Taxation Magazine, [...]

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Leadership Success in China: An Expatriate’s Guide
August 25th, 2008  by China Business Success Stories
Tags: Business Culture, Communication, HR management
Chapter 7 Getting Your Team to Act Like a Team (part 2)
By Yue-er Luo, Erik Duerring & William Byham
Get your Chinese teams to work collectivelyStage Four: Insist That Teams Develop a Charter
A team charter, driven by [...]

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IP, Factory Monitoring, and Supply Chain Control
September 4th, 2008  by China Business Success Stories
Tags: Consumer Goods, Factory, IP rights
By Richard Gould
Full Spectrum Supply Chain MonitoringFactory audits are well and good, but covert monitoring and other complimentary tools can help uncover hidden costs. Anyone who has bought a pair of sneakers in the past 20 [...]

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