Government Updates
China's cabinet urges thorough implementation of gov't work report
BEIJING, March 18 (Xinhua) -- China's State Council (Cabinet) called Wednesday for thorough implementation of this year's government work report in face of the worsening global downturn.
Read moreState Council: Notice of Printing and Distributing Plan for Adjusting and Revitalizing Logistics Ind
State Council: Notice of Printing and Distributing Plan for Adjusting and Revitalizing Logistics Industry
Read moreCSRC: Announcement No. 2 [2009] “Temporary Regulations on Securities Brokers”
CSRC: Announcement No. 2 [2009] “Temporary Regulations on Securities Brokers”
Read moreMEP: Calls for Comments on the Exposure Draft of National Environment Protection Standards -“Techn
MEP: Calls for Comments on the Exposure Draft of National Environment Protection Standards -“Technique Guild for Environmental Protection Standard Compilation”
Read moreChinese banks issue 300 mln new bank cards in 2008
BEIJING, March 17 (Xinhua) -- China issued 300.4 million new bank cards last year, up 16.7 percent from 2007, the People's Bank of China (PBOC), the central bank, said Tuesday in a Web statement.
PBOC survey: Average Chinese has 1.75 bank accounts
BEIJING, March 17 (Xinhua) -- The average Chinese citizen had 1.75 personal bank accounts at the end of 2008, the People's Bank of China (PBOC, the central bank) said in an on-line report Tuesday.
No "crowding out" seen in China's treasury bond sales plans
China plans to offer several hundred billion yuan in treasury bonds this year to finance its record fiscal deficit and massive government economic-stimulus program, a debt plan that's raising concern about possible "crowding out" of private-sector borrowers and investment.
Profit of small, mid-sized commercial banks up 53% in 2008
Small and medium-sized commercial banks' profit totaled 125.2 billion yuan ($18.3 billion) in 2008, up 53 percent year-on-year, the China Banking Regulatory Commission said on its website Tuesday.
NDRC orders end to preferential power discounts
The National Development and Reform Commission (NDRC) ordered China's provinces to stop giving preferential power discounts to local industries, the Wall Street Journal reported.
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