Subscribe free to our newsletters via your
. Farming News .




POLITICAL ECONOMY
China investigates former free trade zone official
by Staff Writers
Shanghai (AFP) March 17, 2015


Chinese authorities said Tuesday that a former top official of the country's first free trade zone (FTZ) in Shanghai was under investigation for violating the law, following months of uncertainty about his fate.

Shanghai's corruption watchdog said Dai Haibo, previously Communist Party chief and executive deputy director of the FTZ, was under investigation for "severe" violations of discipline and the law, according to a statement.

It gave no details of his alleged crimes, but violation of discipline is a phrase typically used by the ruling party to refer to corruption.

State media announced Dai's removal in September, a year after the FTZ was launched to great fanfare. He was also a deputy secretary of the city government in China's commercial hub at the time.

Dai was the public face of the FTZ, appearing at news conferences, meeting foreign delegations and running the zone's administration on a day-to-day basis.

Chinese President Xi Jinping launched a much-publicised drive against corruption after he came to power two years ago, vowing to target both high-level "tigers" and low-ranking "flies".

There has been speculation over whether Xi might target Shanghai, where he was the city's party chief on his rise to the top post.

Shanghai is believed to enjoy political protection as the power base of former president and Communist Party chief Jiang Zemin.

Reforms in the FTZ have disappointed so far. The government originally promised a range of financial changes, including full convertibility of the yuan currency and free interest rates, which remain unfulfilled.

The American Chamber of Commerce in Shanghai reported earlier this month that 73 percent of the 377 companies responding to its annual business climate survey said the FTZ offers "no tangible benefits" for their business.

China has already announced plans to expand some reforms from the first FTZ nationwide, while three more locations intend to set up their own zones.

A commerce ministry spokesman said Tuesday that plans for the launch of similar zones in Guangdong and Fujian provinces, as well as Tianjin municipality, are awaiting central government approval. Media reports have said the Guangdong FTZ could be launched as early as Wednesday.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





POLITICAL ECONOMY
EU, Germany raise 'Grexit' alarm over Greece bailout
Brussels (AFP) March 14, 2015
EU Commission chief Jean-Claude Juncker has warned of an alarming lack of progress in talks on Greece's bailout, as Germany raised the spectre of a tumultuous Greek exit from the euro. Juncker was meeting Alexis Tsipras, the leader of the hard-left Syriza party who came to power in January, on Friday just days after Tsipras renewed a demand that powerful Germany repay debts from its Nazi pas ... read more


POLITICAL ECONOMY
Google launches virtual tour of Nepal's Everest region

UNH Instruments to Lift Off on NASA Four-Satellite Mission March 12

Scanning Earth, saving lives

Chinese HD earth observation satellite comes into service

POLITICAL ECONOMY
ISRO plans to launch navigation satellite by March-end

Galileo satellites ready for fuelling as launcher takes shape

ISRO races to fix glitch in navigational satellite so that it can be launched in time

GPS gaffe surprises Belgian bus tourists

POLITICAL ECONOMY
Beijing's forest coverage rate exceeds 40 percent

The green lungs of our planet are changing

Landless Brazilians in GM eucalyptus protest

Direct evidence that drought-weakened Amazonian forests 'inhale less carbon'

POLITICAL ECONOMY
CT scanning shows why tilting trees produce better biofuel

Bioelectrochemical processes have the potential to one day replace petrochemistry

Biofuel proteomics

Miscanthus-based ethanol boasts higher profits

POLITICAL ECONOMY
Solar could meet California energy demand 3 to 5 times over

A new method for making perovskite solar cells

Uncovering the secrets of super solar power perovskites

Scientists move closer to '2 for 1 deal' on solar cell efficiency

POLITICAL ECONOMY
Gamesa and AREVA create the joint-venture Adwen

Time ripe for Atlantic wind, advocates say

Wind energy: TUV Rheinland supervises Senvion sale

Bright spot for wind farms amid RET gloom

POLITICAL ECONOMY
China coal mining deaths down in 2014: official

China utilizing coal mine emissions for power

POLITICAL ECONOMY
Former Tibetan nun recalls 'jail torture' at Paris march

Exiled Tibet leader compares China to N.Korea, apartheid S.Africa

Protests mark Tibet Uprising Day in India, Nepal

Doubts over China prisoner organ harvesting ban




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.