The spokesman from the country's top poverty reduction authority on Tuesday blamed the "foolish behavior" of a county government in Central China's Hunan province for posting cheerful remarks about being named a State-level poverty-stricken area.
Wang Yubing, a marketing manager at a Fortune 500 multinational company in Shanghai, recently began thinking about quitting his respectable and secure job to start a business.
China's top economic planner said
Taxation authorities in China's far western Xinjiang unveiled a new rule Saturday exempting enterprise income tax to attract investment to the border cities of Kashgar and Horgos.
China's securities regulator said Friday it will speed up the approval of Qualified Foreign Institutional Investors (QFII) to allow more foreign capital into the country's securities markets.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, dropped 36.68 points, or 4.42 percent, to close at 792.5 on Monday.
Chinese companies are facing even tougher business conditions now than during the 2008 global crisis, according to a survey of more than 4,000 companies.