The Central Committee of the Communist Party of China will issue a report on the nation’s efforts to crack down on corruption at 3 p.m. today in Beijing.
Senior Chinese leaders were briefed on the report yesterday during a meeting chaired by President Hu Jintao, the official Xinhua News Agency reported. Premier Wen Jiabao said in an October interview with CNN that he was concerned China’s stability may be threatened by corruption and inflation.
The Communist Party of China will celebrate the 90th anniversary of its founding next year, according to Xinhua.
WHAT TO WATCH: * China’s Ministry of Finance said late yesterday it will next year end tax incentives aimed at spurring sales of smaller cars * China to release weekly Bohai-Rim coal prices after 3 p.m. * Chinese Foreign Minister Yang Jiechi ends visit to Kazakhstan * Taiwan Affairs Office of the State Council holds regular press briefing at 10 a.m. in Beijing * Taiwan National Communications Commission weekly meeting at 9 a.m. in Taipei ECONOMIC DATA: * Taiwan’s central bank to release November Bounced Check Ratio at 4:20 p.m. EQUITY MOVERS: * Hutchison Whampoa Ltd. (13 HK) and Cheung Kong (Holdings) Ltd. plan a residential/commercial development in Chongqing. * China Railway Group Ltd. said it has won 16 projects worth a combined 20.5 billion yuan.