The 2nd quarter

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The People's Bank of China, the central bank, announces six adjustments of the foreign exchange administration policy, to deepen the country's foreign exchange management system, boost trade and promote basic balance of international payments.

General Secretary of the Central Committee of the Communist Party of China Hu Jintao meets with Honorary Chairman of Chinese Kuomintang Lien Chan, who was on a visit to the mainland to attend a forum on promoting cross-Taiwan Strait economic and trade cooperation. During the meeting, Hu raised four proposals on the development of relations between the mainland and Taiwan.

The People's Bank of China announces a 0.27-percentage-point hike in the benchmark one-year lending rate as of April 28, in an effort to curb investments.


A State Council executive meeting, presided over by Premier Wen Jiabao, decides to adopt more tax, loan and land policies to regulate the property market and cap soaring housing prices.

China completes construction of the world's largest dam at 185 meters in the Three Gorges area, in central China's Hubei Province, signifying a milestone accomplishment in taming the flood-prone Yangtze River, the nation's longest.


A report of Xinhua News Agency reveals that Professor Cao Huaidong, at Lehigh University in Pennsylvania, and Professor Zhu Xiping, at Zhongshan (Sun Yat-sen) University in south China's Guangdong Province, have published a paper in the June issue of U.S.-based Asian Journal of Mathematics, providing complete proof of the Poincar Conjecture put forth by Frenchman Henri Poincar in 1904.

The Information Office of the State Council publishes a white paper entitled Environmental Protection in China (1996-2005).

A State Council executive meeting, presided over by Premier Wen Jiabao, decides to submit the draft anti-monopoly law to the Standing Committee of the National People's Congress, the top legislature, for deliberation.

China observes its first Cultural Heritage Day with the theme “Protecting cultural heritage and safeguarding the spiritual homeland.” According to a decision of the State Council, the Cultural Heritage Day falls on the second Saturday every June.

The Cross-Strait Aviation Transport Exchange Council announces that chartered flights will be arranged during the Qingming Festival, the Dragon Boat Festival and the Mid-Autumn Festival between the Chinese mainland and Taiwan, in addition to the Chinese lunar New Year season.

The Sixth Summit of the Shanghai Cooperation Organization is held in Shanghai.

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