Government Updates
China now 5th largest gold holder
China earned $82.5 billion from nearly $2 trillion in foreign exchange reserves last year, and is now the fifth largest holder of gold, the State Administration of Foreign Exchange (SAFE) said on Friday.
Read moreProfits of China's major oil companies rise as demand recovers
China's top five oil companies saw profits up 13.2 percent in March from the same period a year ago, as stimulus package pushed up energy demand, according to a report released by the China Petroleum and Chemical Industry Association (CPCIA).
Chinese steel mills turn to more imported iron ore
A Chinese domestic steel mill, Tangshan Ganglu Iron and Steel Co., Ltd., has been using 100 percent imported iron ore in production since March -- though in January, domestic iron ore made up for about 30 percent of the total raw materials.
China to own rights in more than 100 million tonnes of overseas iron ore assets in 2010
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.
Relevant Information concerning export tax refund rate adjustment
Relevant Information concerning export tax refund rate adjustment
Read moreDouble surplus for China’s balance of payments 2008
Double surplus for China’s balance of payments 2008
Top legislature adopts amendment to postal law, rules of procedure
BEIJING -- China's top legislature concluded its five-day bimonthly session on Friday, after approving the amended Postal Law and rules of procedure which was aimed at improving efficiency of the lawmaking body.
Foreign investment in China slows sharply in 2008
Foreign investment, both to the financial and non-financial sectors, was significantly down in China last year, as foreign investors tightened their belts amid the global financial crisis, according to the State Administration of Foreign Exchange (SAFE) on April 24.
MIIT: Regulations on Mobile Communication Services of the Third Generation
MIIT: Regulations on Mobile Communication Services of the Third Generation