Economic Daily

China’s localities need ‘profound reform’ to draw investment, state newspaper says

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China’s localities need ‘profound reform’ to draw investment, state newspaper says

China’s localities should reduce their dependence on land and tax incentives and instead strengthen industrial chains and improve their business environments to attract investment, a state-owned newspaper has urged in a front-page commentary. Aggressive land deals, tax breaks and subsidies – frequently used to drive investment by local governments in past decades – have led … Read more

China must be better prepared for extreme weather and disasters, influential newspaper says

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China must be better prepared for extreme weather and disasters, influential newspaper says

An influential financial newspaper in Beijing has warned that China must improve its disaster prevention and mitigation capabilities to counter the impact of more frequent extreme weather events on the country’s agricultural production. “Meteorological disasters are the most important factor in reducing food production,” a commentary published by the state-owned Economic Daily said on Tuesday. … Read more