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China moves to sustain growth
China, seeking greater efficiency to keep its fast-growing economy on track, has unveiled an ambitious government revamp as parliament prepares to finalise the transition to a new generation of leaders.
Striking workers defy call for industrial peace
B>SEOUL:/BThousands of South Korean labour activists rallied yesterday to support a walkout by railway workers, defying President Roh Moo-Hyun's call for industrial peace.
Chinese government acts to avoid overheating economy
The Chinese government spent almost a third more on roads, power plants and other fixed assets in July than a year earlier which underscored official worries about economic overheating, state data showed yesterday,
State firms seek senior managers
SIX of China's biggest state-owned enterprises (SOEs) have jointly launched their most ambitious recruitment campaign for senior managers.
State firms attract foreigners
A RECRUITMENT campaign by six of China's biggest state-owned enterprises for senior managers has attracted 463 applicants from home and abroad.
Unemployment expected to rise
DESPITE its robust growth, the Chinese economy is expected to live with a long-term dilemma - soaring unemployment - mainly due to a labour oversupply.
China's reforms loosening government control over state assets
The government is relaxing its grip on state-owned assets as it reforms inefficient public companies but is struggling to sell assets without harming shareholders, a senior official said Tuesday.
China bails out two state banks with US$45b
China has injected US$45bil into two big state banks in a long-awaited bailout of the debt-ridden industry, a major step towards strengthening the Achilles' heel of the world's sixth biggest economy.
Millions to lose jobs as state firms streamline
SOME three million workers may lose their jobs every year until 2006 as China#8217;s over-staffed state firms streamline.
China seen bailing out more banks in reform push
China is expected to inject funds into two other state-banks which missed out on an initial US$45bil bailout, but the timing depends on their progress in cutting bad loans, government economists and analysts said.