Government Updates
China called to suspend stockpiling nonferrous metals in H1, association official
China should suspend reserving nonferrous metals in the first half year since the earlier government stockpiling has already played positive effects on the market and the one-million-ton reserve plan in three years has been completed by almost 60 percent, said Wen Xianjun, vice chairman of China Nonferrous Metals Industry Association (CNMIA).
CBRC denies higher loan reports
The China Banking Regulatory Commission (CBRC) denied state media reports that the government may extend US$1.17 trillion of new loans this year, the South China Morning Post reported.
Read moreChina: use IMF bonds cash to fight crisis
BEIJING, April 27 -- Any money raised by the sale of bonds to the International Monetary Fund (IMF) should be used to help developing countries, China said.
China's steel use to go down five percent: World Steel Association
China is expected to own rights in more than 100 million tonnes of overseas iron ore assets next year, according to estimation of the country's leading steel information provider this weekend.
China, Switzerland to study feasibility of free trade pact
China and Switzerland will study the feasibility of a bilateral free trade agreement in the second half of this year, said Chinese Vice Commerce Minister Yi Xiaozhun in Beijing on Monday.
Read moreUS biz community calls for lift of export control over China
BEIJING -- The US business community in China called for the US government to carry out a review and revision of "antiquated export control regulations" here on Monday.
Read moreChina's import of aluminum in February 2009
China imported 60,074 tons of aluminum valued at 206.814 million US dollars in February 2009. The import in January-February reached 116,425 tons valued at 388.442 million US dollars, down 26.4 percent and 35.2 percent respectively year on year.
Central finance appropriated another 1.7 bn yuan for Healthcare Reform
Central finance appropriated another 1.7 bn yuan for Healthcare Reform
Read moreChina to accelerate M& A in steel and auto industries
China is pushing forward the implementation of its industry stimulus plan, especially the section calling for enterprises' mergers and acquisitions (M&As) in the steel and auto industries, said officials with the Ministry of Industry and Information Technology (MIIT) Thursday.