Government Updates
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.
Read moreSFDA: Adjusts the Work Process for Approving Health Food
SFDA: Adjusts the Work Process for Approving Health Food
Read moreMIIT: Announcement on Calls for Comments on Revising and Improving Opinions of “Steel Industry Dev
MIIT: Announcement on Calls for Comments on Revising and Improving Opinions of “Steel Industry Development Policies”
China's credit database grows by 40 mln people to become world's largest
BEIJING, March 16 (Xinhua) -- China's credit database had records for 640 million people at the end of 2008, up 40 million from a year earlier, Su Ning, vice governor of the People's Bank of China (PBOC, the central bank) said Monday.
Read moreChina puts brokers under new rules
BEIJING, March 17 (Xinhua) -- China Securities Regulatory Commission (CSRC) will put the country's securities brokers under new regulations, in a bid to professionalize the securities market and protect investors' interests, according to Tuesday's China Daily.
Read moreChina cautioned to lend less to IMFChina lost billions in diversity drive
China should not give huge loans to the International Monetary Fund (IMF), which is planning to offer a helping hand to some European countries struggling due to the economic crisis, a top economist warned.
FDI in China falls for fifth consecutive month
China's foreign direct investment (FDI) fell for the fifth consecutive month in February to $5.83 billion, down 15.81 percent year on year, the Ministry of Commerce (MOC) announced Monday.