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April 8, 2005 - April 15, 2005
Standards Released for SOE Buyouts
A new regulation released Thursday confirms a ban on management buyouts of state assets and equities in large state-owned enterprises (SOEs) and defines procedures for those in small and medium-sized SOEs.
Pioneering Operation on Paralyzed Panda
A giant panda underwent an operation on Thursday in Shaanxi Province to repair a broken back, the first time this procedure has ever been used on the rare species.
BHP Drops Surcharge on Iron Ore Exports
Australian mining giant BHP Billiton has dropped a surcharge it planned to impose on its iron ore exports to Chinese steelmakers in response to opposition by Chinese industry majors. The decision will aid the healthy development of the international iron ore trade, according to the Ministry of Commerce and industry experts.
Japan's Drill Rights Provocative
The Foreign Ministry on Wednesday responded to news that the Japanese government had granted rights to firms to explore for oil and gas in the East China Sea, saying that it was provocative and imposes a demarcation line that has not been negotiated.
Stolen Artifacts Wanted Back
A project was announced Monday compiling a list of national treasures taken abroad between 1840 and 1949 that will be targeted in efforts to return them to China. The first is expected to be a well-known artistic work.
China, India to Build Strategic Partnership
China and India have agreed to establish a strategic and cooperative partnership for peace and prosperity, according to a joint statement signed by visiting Chinese Premier Wen Jiabao and Indian Prime Minister Manmohan Singh in New Delhi Monday.
Old Summer Palace Hits New Environment Snag
Renovation projects at Beijing's Yuanmingyuan Park -- the Old Summer Palace -- are once again being criticized by environmentalists. After covering the lakebeds with plastic membrane, the park has begun pulling up long-established wild shrubs and trees. The State Environmental Protection Administration will hold a public hearing on the issues on Wednesday.
Kung Fu Faces Uncertain Future
As taekwondo gyms mushroom in the capital city of Beijing, China's traditional kung fu is losing favor with young martial artists. The future of kung fu in the Olympics is uncertain as well, despite Beijing's efforts.
First 100 Families Moved for Shanghai's Expo
The first 100 of 10,000 families to be resettled this year to make way for 2010 World Expo venues left their homes in Pudong New District Sunday. They are moving to a town on the outskirts of the city.
Musical 'Casablanca' Receives High Box Return
The stage musical "Casablanca," adapted from the 1943 Oscar-winning film, has reached its expected goal for Chinese audience's enthusiasm coming with high box return, observers said after its world premiere in Beijing's Great Hall of the People Friday night.
Graduation Costs High, Students Feel Pressured
Tough competition in the job market is causing many college seniors to spend large sums of money on anything they think might give them an edge. In 2004, new grads spent an average of US$1,208 on the job hunt.
week
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