Government Updates
CRCC to build on new orders
China Railway Construction Corporation (CRCC) yesterday announced that its subsidiaries have won railway construction contracts worth as much as 28.12 billion yuan in China, less than one month after the company won a similar $1.77 billion contract in Saudi Arabia.
Read moreRenewable energy sector gets a big push
China will construct two hydropower stations and two wind farms with a total capacity of 2,001 megawatts in a bid to increase the share of renewable energy in the national energy matrix.
Read moreChina gives local officials more power to facilitate foreign investment
China's Ministry of Commerce (MOC) announced measures Thursday that would give more power to its local branches on approving foreign-funded projects in a bid to further facilitate foreign investment.
Read morePremier: 1.18 trln yuan from central gov't is totally new investment in China's stimulus package
BEIJING, March 13 (Xinhua) -- Chinese Premier Wen Jiabao said here Friday that China's vigorous central government investment included in the stimulus package plan is new.
Read moreCIRC: Announcement on Establishing Regularly Reporting System for Reinsurance Information
CIRC: Announcement on Establishing Regularly Reporting System for Reinsurance Information
Hospital plan to aid grassroots
The government has pledged to build 2,000 county hospitals and 5,000 township clinics in rural areas within the next three years as part of its healthcare reform, which aims to make medical services more available and affordable at the grassroots.
Read moreCBRC: Most financial products profitable in '08
Financial products sold by 83 banks in China raised up to 3,700 billion yuan ($528.6 billion) in 2008, said an official from China Banking Regulatory Commission (CBRC) on March 12.
Read moreFixed-asset investment grows 26.5% y-o-y in Jan-Feb
Urban fixed-asset investment in China rose 26.5% in the first two months of the year over the same period in 2008. The growth figure reported by the National Bureau of Statistics was higher than the 24.3% growth figure reported in the first two months of 2008.
Read moreMOF: Announcement on Decentralization of the Approval Power for Foreign Investments and Establishing
MOF: Announcement on Decentralization of the Approval Power for Foreign Investments and Establishing Investment Companies