China to offer support policies for non-food biofuels
BEIJING, Dec. 7 (Xinhua) — China’s Ministry of Finance (MOF) has drawn up policies to promote the production of non-food sources for biofuels, a senior MOF official told a Beijing energy conference. The ministry will use subsidies and other forms of financial support to reduce the risks of producing these sources, said Zeng Xiao’an, deputy [...]
Science journal: China among fastest-growing research supporter
WASHINGTON, Dec. 6 (Xinhua) — As one of the world’s fastest-growing economies, China is also the world’s fastest-growing supporter of scientific research and development (R&D), the Science journal said in an
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CSRC chairman underscores direct finance expansion
BEIJING, Dec. 6 (Xinhua) — The head of China’s securities regulator said on Thursday that the regulator will vigorously develop capital markets to expand direct financing. Shang Fulin, chairman of China Securities Regulatory Commission(CSRC), vowed to improve the multi-tier capital markets system and gradually develop the futures markets. Shang told a forum in the south-eastern [...]
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Backgrounder: timeline of China’s fiscal and monetary policy
BEIJING, Dec. 5 (Xinhua) — China’s Central Economic Work Conference closed here on Wednesday with the headline news that the ten-year prudent monetary policy will be replaced by a tight one in 2008. China’s development in fiscal and monetary policies are as follows: 　　– Prudent fiscal and monetary policies (2005 – now) The Chinese economy [...]
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Factbox: China’s central economic conference foresees tasks for 2008
BEIJING, Dec. 5 (Xinhua) — Chinese leaders concluded a high-profile annual economic conference on Wednesday and decided a slew of tasks facing the country’s economy in 2008. They are as follows: – The primary task of macroeconomic control is to prevent the economy from overheating and the current price rises led by foodstuff from evolving [...]
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China to intensify land reserve control
BEIJING, Dec. 5 (Xinhua) — The Chinese Ministry of Land and Resources (MLR) is seeking to improve land reserve system amid intense concerns over a 9.5 percent year-on-year housing price rise in 70 major Chinese cities this October. Experts hold that robust demand, tight supply and higher land development costs drove up housing prices and [...]
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China to tackle five major problems in national economy next year
BEIJING, Dec. 5 (Xinhua) — China’s just concluded economic conference identified five major problems in the national economy in a bid to better steer the country’s economic growth in the coming year. The three-day Central Economic Work Conference that ends on Wednesday cited overheating risks, inflation pressure, a weak agriculture sector, arduous energy conservation and [...]
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China’s top leaders emphasize need to improve people’s livelihood
BEIJING, Dec. 5 (Xinhua) — China’s top leaders on Wednesday wrapped up a key meeting on economic policies for 2008, emphasizing the need for efforts to improve the people’s livelihood and to build a harmonious society. The three-day Central Economic Work Conference, the most important annual economic policy-making meeting which came about six weeks after [...]
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China’s Party newspaper outlines economic policies for 2008
BEIJING, Nov. 5 (Xinhua) — People’s Daily, the mouthpiece of ruling Communist Party of China (CPC), is running an
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China aims to prevent overheated economy, curb inflation in 2008
BEIJING, Dec. 5 (Xinhua) — The primary task of China’s 2008 economic work has been set “to prevent the economy from becoming overheated and to guard against a shift from structural price rises to evident inflation,” a key economic meeting said here Wednesday. The annual Central Economic Work Conference concluded that the key for next [...]
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