The Economy
- China will take substantial measures to reform the investment and financing systems, as well as other key areas of the economic system, Premier Li Keqiang said at the opening of the annual parliamentary session.
- China will halve the number of industries in which foreign investment is restricted, according to a government work report to be delivered by Premier Li Keqiang Thursday.
- China will launch Shenzhen-Hong Kong Stock Connect program on a trial basis at an appropriate time, part of its effort to deepen financial sector reform, according to a government work report delivered by Premier Li Keqiang at the annual parliamentary session Thursday.
- The Chinese mainland will strengthen economic and trade cooperation with Hong Kong and Macao, aiming to "basically" realize the liberalization of service trade with the two regions by the end of 2015, according to a report on the 2015 draft plan for national economic and social development available before Thursday's annual parliamentary session.
- China aims to create more than 10 million urban jobs and ensure that the registered urban unemployment rate does not rise above 4.5 percent in 2015, according to a government work report to be delivered by Premier Li Keqiang at the parliament's annual session Thursday.
- China will invest over 800 billion yuan (130 billion U.S. dollars) in railway construction this year, and meanwhile, the investment in the major water conservancy projects under construction will exceed 800 billion yuan, according to a government work report to be delivered by Premier Li Keqiang at the annual parliamentary session.
- China aims to increase its imports and exports by around 6 percent, according to a government work report to be delivered by Premier Li Keqiang at the parliament's annual session Thursday.
- China targeted economic growth of approximately 7 percent in 2015, lower than the goal of around 7.5 percent in 2014, according to a government work report delivered by Premier Li Keqiang at the parliament's annual session Thursday.
- China aims to hold this year's rise in the consumer price index (CPI) at around 3 percent, according to a government work report delivered by Premier Li Keqiang at the parliament's annual session Thursday.
- Chinese IT tycoons are not difficult to track these days, as a majority of them are in Beijing to attend this year's "two sessions".
-
China likely to grow at medium-to-high pace under 'new normal'
China's economy is likely to grow at a medium-to-high rate under the "new normal", Economic Daily reported Justin Yifu Lin, a member of China's 12th CPPCC as saying on Monday.
-
China's economy to grow 7% in Q1
The Chinese economy is expected to grow 7 percent in the first quarter of 2015, according to an estimate released by the State Information Center, a government think tank, on Monday.
• China's manufacturing activity rebounds in Feb.
• China expected to become more proactive on growth
- Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon.
-
Beijing expected to become more proactive on growth
Continuing weakness in industrial activity is forcing the Chinese government to adopt more aggressive policies to accelerate growth and increase employment.
• China's central bank cuts interest rates
Highlights of the Sessions >>
- Full text: Report on China's central, local budgets
- Full text: Report on China's economic, social development plan
- Full text: Report on the Work of the Government (2015)
- Highlights of work report of Supreme People's Court
- Highlights of China's gov't work report for 2015
- Big data on China's rule of law
