Government Updates
China central bank governor suggests creating super-sovereign reserve currency
BEIJING, March 24 (Xinhua) -- Zhou Xiaochuan, governor of China's central bank, has proposed to create a super-sovereign reserve currency as part of reform in the international monetary system.
Read moreChina raises gasoline, diesel benchmark prices
BEIJING, March 24 (Xinhua) -- China said it would raise benchmark retail prices of gasoline and diesel by 290 yuan (42.46 U.S. dollars) per tonne and 180 yuan per tonne, respectively, as of midnight Tuesday.
NDRC to cap China steel output
The National Development and Reform Commission (NDRC) said it plans to cap China's crude steel output at 460 million tons in 2009, and 500 million tons in 2010, Reuters reported.
Read moreCNCA: Determinative Announcement on Designating and Adjusting Laboratory for Compulsory Products Ce
CNCA: Determinative Announcement on Designating and Adjusting Laboratory for Compulsory Products Certification
PBOC, CBRC: Guiding Opinions on Further Reinforcing Credit Structure Adjustment and Promoting Nation
PBOC, CBRC: Guiding Opinions on Further Reinforcing Credit Structure Adjustment and Promoting National Economy’s Stable and Rapid Growth
China agrees to increase trade credit at World Bank
"China reached a primary agreement with the International Financial Corporation (IFC) on purchasing IFC's private equities to finance trade credit," Vice Finance Minister Li Yong said on March 23.
China calls for improvements in drinking-water safety
Environmental protection departments should improve supervision of drinking water safety, according to a circular Monday from China's Ministry of Environmental Protection (MEP).
OECD: China's economy to grow less than 6.5%
The Organization for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5%.