China Digest

Economics and policy from China’s newspapers

Thursday September 28, 2017

Beijing eyes long-term plan to minimize city scale

The State Council approved and released an official scheme entitled the Urban Planning of Beijing on Wednesday, in hopes of keeping the permanent residential population within 23 million people by 2020, Yicai.com reported.

Regulator OK’s PICC Group’s A-share IPO

State-owned financial conglomerate PICC Group said on Wednesday that the China Securities Regulatory Commission has accepted its application for going public on the A-share market, the 21st Century Business Herald reported.

State Council circles key areas for SOE restructuring

Premier Li Keqiang hosted a standing State Council meeting on Wednesday to highlight a report on the restructuring and integration of state-owned enterprises to focus on industries of equipment manufacturing, coal, electric power, telecommunication and chemical engineering, according to gov.cn.

Foreign investment crucial to China’s tech sector: economist

China should encourage foreign firms to set up their research and development centers in the country and jointly hold some innovation projects with local companies, Cui Xinjian, vice president, Business School of the Central University of Finance and Economics, said in an interview with the 21st Century Business Herald.