Government Updates
2009 Government Work Report (EN & CN)
2009 Government Work Report (EN & CN)
Read moreChina to foster globally competitive logistics companies by 2011
China will foster a number of globally competitive logistics companies by 2011, said a stimulus plan of the country's logistics industry released on the government website on Friday.
China gives nod to 3 new QFII firms
The China Securities Regulatory Commission (CSRC) has granted approval for three new foreign financial firms to invest in the domestic stock market under the Qualified Foreign Institutional Investor (QFII) scheme, the Financial Times reported.
Read moreChina lost billions in diversity drive
China has lost tens of billions of dollars of its foreign exchange reserves through a poorly timed diversification into global equities just before world markets collapsed last year.
Capital account norms may be eased
China will continue to open up its financial sector this year despite the challenges in the international financial market, the nation's central bank said on Friday.
4 power stations with renewable energy planned
BEIJING -- China will construct two hydropower stations and two wind farms with a total capacity of 2,001 megawatts, a move to develop clean and renewable energy, the country's top economic planner has said.
Read moreChina details auto stimulus plan for rural residents
Chinese government has detailed a stimulus plan to encourage farmers to buy automobiles, which may bring an auto sales surge in rural areas, experts said Sunday.
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.
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