Li Keqiang said he would open the economy to market forces and strip power from the state in an effort to help China grow by 7.5pc a year until 2020.
“It’s about cutting power, it’s a self-imposed revolution,” he said. “It will be very painful and even feel like cutting one’s wrist.”
Mr Li on Friday replaced Wen Jiabao as the man in charge of the superpower’s day-to-day running for the next [...]
General Motors Co, the world’s biggest automaker, is poised to receive approval to build a 7 billion yuan ($1.1 billion) factory in China, according to a provincial government statement.
The plant, operated by GM’s passenger-car venture with SAIC Motor Corp, will have an annual production capacity of 300,000 vehicles and will be located in the central city of Wuhan, the Hubei Environmental Protection Bureau said on its website. Shanghai GM is [...]
Last year, Comcast was lining up the Rev. Al Sharpton to lobby for its bid for NBCUniversal. This year, the cable news channel owned by NBCUniversal, MSNBC, is weighing whether to make him a daily television host.
The possible transition for Mr. Sharpton — from political influencer to television talent — highlights the complex relationships that can arise when cable news channels employ activists who take [...]
WASHINGTON – The Congress returns to work on Monday to begin negotiations in earnest on the government’s jumbo-sized debt, even as Republicans and Democrats trade blame for soaring gasoline prices.
Tamping down voter anger over rising prices at the pump has emerged as a top priority for the White House, which has seen President Barack Obama’s approval ratings take a beating during Congress’s [...]
BEIJING — Up to 30 members of a Chinese evangelical church were arrested on Sunday for trying to hold an Easter service in defiance of the officially atheist government, a member of the clergy said.
A large number of police began to gather early Sunday in the Zhongguancun area of Beijing where the Shouwang Church had said it would hold an outdoor service to mark [...]