China unveils plan for Chengdu-Chongqing Economic Zone – People’s Daily Online

Posted on May 6, 2011 in AllEconomic NewsGovernment News

The central government recently unveiled the regional planning for the Chengdu-Chongqing Economic Zone. This is an important strategic deployment for promoting China’s scientific development and accelerating the transformation of the economic development mode as well as a major step to further implement western development and promote the balanced development between regions, according to the website [...]

China puts curbing inflation top agenda: Deputy Minister of Finance

Posted on May 5, 2011 in AllEconomic NewsGovernment News

Curbing inflation is a big challenge for China and currently China puts it as top agenda for the government, Chinese Deputy Minister of Finance Li Yong said during a press conference after the 14th ASEAN+3 Finance Ministers’ Meeting held Wednesday. Li said for the first quarter of 2011, China saw the inflation ratio a little [...]

China to keep stabilizing prices a top priority

Posted on May 4, 2011 in AllEconomic NewsGovernment News

China will continue to put stabilizing consumer prices and managing inflation expectation as a top priority for macro regulation, the Peoples Bank of China PBOC, the central bank, said Tuesday. It is imperative to keep necessary intensity of the macro-regulation in a bid to consolidate and improve achievements from earlier efforts and boost the sound [...]

China caps rare metals output, raises mandatory quota

Posted on Apr 28, 2011 in AllEconomic NewsGovernment News

China has raised the mandatory quota for the production and smelting of five rare metals this year, demanding priority to key enterprises when distributing the assignment, according to the Ministry of Industry and Information Technology (MIIT). The quota, set by MIIT, the National Development and Reform Commission and the Ministry of Land and Resources, caps [...]

Reserve ratio rises to 20.5% to fight inflation

Posted on Apr 18, 2011 in AllEconomic NewsGovernment News

China’s central bank ordered another raise of commercial lenders’ required reserve ratio to mop up more funds from liquidity, a move consistent with Beijing’s efforts to slow down economic expansion and rein in inflation. The People’s Bank of China said in an online announced late Sunday that it has decided to increase the required reserve [...]

China builds “lines of defense” to guard imported inflation: official

Posted on Apr 8, 2011 in AllEconomic NewsGovernment News

The Chinese government has built “multiple lines of defense” to guard against imported inflation and will not let it fuel domestic consumer prices, a senior official at the country’s top economic planner said Thursday. To contain rising inflation, Chinese authorities have been working to boost production, ensure supply, improve distribution networks and stabilize prices, Peng [...]

Rare earths to be more tightly controlled

Posted on Mar 25, 2011 in AllEconomic NewsGovernment News

China will more tightly control the exploration for rare-earth minerals and unify the distribution of precious metals in North China to regulate the previously over-exploited sector, government officials said on Monday. The Inner Mongolia autonomous region’s Bayan Obo Mine in Baotou city – the world’s largest rare-earth producer and the source of 97 percent of [...]

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