2011/03/01

"Chongqing pledges to shrink the wealth gap" from South China Morning Post

"State media have for the first time applauded the example set by Chongqing in reducing its wealth gap and pursing common prosperity, policies championed by its ambitious party boss, Bo Xilai."

"Yang Qingyu, the top planning official in Chongqing, was quoted by Xinhua as saying it would strive to boost the average income for an urban resident to 31,000 yuan (HK$36,674) a year by 2015 and the average income of a rural resident to 10,000 yuan, lowering the wealth gap to 2.5: 1. Apart from helping residents to buy flats at reasonable prices, narrowing income disparities is another key element of the so-called Chongqing model of development."

2011/02/28

"Chengdu chosen as Volvo manufacturing base" from South China Morning Post

"Chengdu is among many mainland cities aspiring to become carmaking hubs and is one of the country's biggest inland markets. While sales of cars are forecast to slow slightly from their torrid growth in recent years, sales in the provinces are surging as increasingly affluent families buy their first cars or trade up."

"Xinhua and China Mobile join search engine fight" from South China Morning Post

"News agency Xinhua and mobile phone company China Mobile yesterday launched a second state-owned internet engine to compete in the mainland market."