Han Zheng News
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China’s passenger-vehicle market had its strongest start since 2010, while sales in India shrank for a third month, illustrating the contrast in automobile demand in the world’s two most populous nations.
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Shanghai’s government will tackle issues from the environment to food safety and education over the next five years and will welcome criticism and scrutiny from the public, the city’s new mayor said.
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Shanghai, China’s financial hub, signaled the delay of its international board two months after the city’s stock exchange said it was ready to allow overseas companies to list in the world’s third-biggest equity market.
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The Shanghai city government is working with the tax authorities and Ministry of Finance to work out details for the implementation of reforms to value-added tax, Mayor Han Zheng said at a briefing today.
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Shanghai’s economy will probably expand 10 percent this year, more than the 8 percent growth target set at the beginning of the year, the Shanghai Daily reported today, citing Mayor Han Zheng.
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China, the biggest brake on global inflation for two decades, is embracing wage increases that threaten to erode retailers’ margins and demand for bonds.
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Shanghai’s property prices are “too high,” Mayor Han Zheng said today in the city.
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The Shanghai government will compensate victims of a Nov. 15 high-rise fire that killed 58 people, a day after municipal authorities took responsibility for lax safety supervision that led to the blaze.
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Shanghai, China’s financial center, will this year prepare for a trial property tax, becoming one of the first cities in the nation to introduce the measure aimed at curbing “speculative” investment.
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China’s real estate prices rose for a 19th month in December, raising concerns that the government will expand curbs to limit the risk of asset bubbles in the world’s fastest-growing major economy. Property stocks fell.
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