Government expenditure on education will again fall short of 4 percent of GDP in 2011, the China Economic Weekly reports.
Education facing funding shortfall
Government expenditure on education will again fall short of 4 percent of GDP this year, the China Economic Weekly reports. This is despite a commitment made as early as 1993 in the Education Reform and Development Outline to raise education spending above the 4 percent threshold by the end of the century. Taking that as a starting point, in the decade from 2000 to 2009, the government accumulated a "debt" to education of 1684.3 billion yuan. In 2010, the Party Central Committee and State Council set yet another deadline for meeting the 4 percent target – 2012.
Officials to wait longer for new cars
Ministerial and provincial officials will have to keep their government-issued cars for eight years instead of five, according to Li Hong, a member of the Chinese People's Political Consultative Conference, the Beijing News reports. Even if officials are promoted they will be required to keep their current vehicles.
Barbie leaving Shanghai
Barbie Shanghai, the world's first flagship store for the world's most famous doll, closed its doors yesterday, just two days before the iconic toy's 52nd birthday, the Shanghai Daily reports. Parent company Mattel opened the store just two years ago, on Mar. 6, 2009, on Shanghai's bustling Huaihai Road. Mattel hoped to reach customers across China, but although sales of Barbie and other Mattel dolls have shown strong growth in the United States, the Shanghai store never became a popular attraction for girls.
(China.org.cn March 9, 2011)