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China names regions for seawater desalination pilots
The first batch of regions and companies have been selected to carry out seawater desalination pilots, China's National Development and Reform Commission (NDRC), the country's top economic planner, has announced.
Macao's package tour arrivals up 18.3% in January
Macao's visitor arrivals in package tours in January increased by 18.3 percent year-on-year to 757,190, according to figures released by the city's Statistics and Census Service (DSEC) Friday.
Stocks rebound after presidential appointment
China's stocks rebounded slightly on Thursday after five days of declines, partly due to the election of the country's new president.
China's gold reserves stand at 1,054 tonnes
Vice governor of the People's Bank of China (PBOC) Yi Gang said Wednesday that the country's gold reserves now stand at 1,054 tonnes, adding that a massive increase is unlikely in the future.
China urged to focus its trade on Europe
China's new leadership should prioritize Europe as an economic partner as it is more open than the United States, said veteran European politician Romano Prodi.
China's Internet giant aims to take WeChat overseas
With the development of mobile Internet, China's Internet companies now get the chance to go global, the CEO of Tencent said during the ongoing NPC session this Tuesday.
China to promote capital opening 'step by step'
China will promote the convertibility of Renminbi under capital accounts step by step, although the yuan's increasing cross-border use will accelerate the process, People's Bank of China (PBOC) governor Zhou Xiaochuan said Wednesday.
20 pct of local gov't financing vehicles vulnerable to risks
About 20 percent of China's local government financing vehicles are not profitable and thus are vulnerable to risks, said central bank governor Zhou Xiaochuan on Wednesday.
PBC sees low NPL level for Chinese banks
Vice governor of China's central bank Pan Gongsheng on Wednesday dismissed concerns over bad loans given by Chinese lenders, adding that the banks' non-performing loans (NPL) remain low.
China's gold reserves stand at 1,054 tonnes
Vice governor of the People's Bank of China (PBC) Yi Gang said Wednesday that the country's gold reserves now stand at 1,054 tonnes, adding that a massive increase is unlikely in the future.
Central bank supports emerging Internet financing
China's central bank governor Zhou Xiaochuan said Wednesday that the bank is supportive of emerging Internet-aided financing models such as Alibaba's financing platform as they help bring challenges and competition to traditional sectors.
China to ensure online payment safety
The People's Bank of China (PBOC), the country's central bank, on Wednesday called for more people to be alert of potential risks concerning online payment methods.
Prudent, neutral monetary policy stressed
China's central bank governor Zhou Xiaochuan Wednesday reiterated that the country's monetary policy will stay prudent and neutral in 2013.
Monetary measures to cool home prices to continue
Monetary policies to cool home prices in China will continue or even strengthen in the future, said the country's central bank governor Zhou Xiaochuan at a press conference on Wednesday.
China to maintain policy stability, continuity
China's central bank governor Zhou Xiaochuan said Wednesday China will maintain the stability and continuity of those "good policies" no matter who becomes new governor of the People's Bank of China.
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