China Digest

Economics and policy from China’s newspapers

Monday October 9, 2017

Mixed ownership reform ‘active and steady’

The amount of mixed ownership reform in China’s state-owned enterprises has continued to grow, with breakthroughs in the fields of power, oil, natural gas, railways, civil aviation, telecommunications, military and other key industries, China Securities Journal reported, citing Peng Huagang, spokesman for the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

‘Most wanted’ fugitive Guo Xin surrenders to police

Guo Xin, one of China’s most wanted 100 on the “Red Notice” of corrupt fugitives, returned to China and turned herself in to police, the anti-corruption bureau said, Caixin has reported.

Analysts warn of fast expansion of China’s ethanol gas plan

According to a recent plan jointly released by the National Development and Reform Commission, the National Energy Administration, the Ministry of Finance and 15 other ministries, China will implement the use of ethanol-added gasoline nationwide by 2020 while targeting large-scale production of ethanol and developing advanced biofuel technologies by 2025, Yicai.com reported.

Golden Week home sales slump in big cities

Home transactions slumped in several cities which were previously red-hot for housing during early October’s “Golden Week,” an eight-day national holiday in China aimed at boosting domestic consumption and tourism, China Securities Journal reported.