Government Updates
Private airline suspends operation for financial problems
East Star, one of China's private airlines, was ordered to suspend flights as of Sunday because of prolonged financial and management problems, said the local government.
Nation urges more say in global finance
Four of the largest developing nations called for emerging economies to have a bigger say in the global financial system as G20 finance ministers vowed to combat the worst downturn since the 1930s.
Read moreChina uncovers 451,100 cases of economic violations in 2008
China's State Administration for Industry and Commerce (SAIC) said Sunday it had uncovered 451,100 cases of economic violations and crimes last year.
Read moreCRCC 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.
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