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PBOC Joins Regional Central Bank Organization: The People's Bank of China (PBOC), the country's central bank, announced Monday that it has joined the South East Asian Central Banks (SEACEN) as a council member. The PBOC said in a statement on its website that the bank became the 17th member of SEACEN on Jan. 25, at the ...

PBoC to Sell 1 bln Yuan One-year Bills: The People's Bank of China, the Chinese central bank, announced on Monday that it would sell one billion yuan (151.98 million U.S. dollars) one-year bills on Tuesday. This is the tenth batch of central bank bills this year, according to an announcement publicized on the bank's ...

China to Further Expand Cross-border Yuan Trade Settlement across the Country: The People's Bank of China (PBOC), the central bank, announced on Wednesday that it would further expand trial cross-border yuan trade settlements across the country this year. The market demand for yuan cross-border use is expected to climb, along with the increasingly close ...

Sweeping Economic Change to Take 5 Years or More: China plans sweeping economic change, focusing on transforming the economic development model, to boost growth in a sustainable manner. The transformation is also the key goal of China's 12th Five-Year (2011-2015) Program, but Chinese and foreign experts said in interviews with ...

China to Boost Imports from Least Developed Nations: China will increase imports this year from the least developed countries and from countries with which China has a large trade surplus to improve trade imbalances, says a government work report to be delivered by Premier Wen Jiabao at the parliament' s annual session Saturday. ...

China to Implement Prudent Monetary Policy in 2011: China will implement a prudent monetary policy in 2011 and plan a 16-percent increase in the broad money supply (M2), says a government work report to be delivered by Premier Wen Jiabao at the parliament' s annual session Saturday. The government will employ the price and ...

China to Expand Use of RMB in Cross-Border Trade, Investment: China will continue to increase the use of its currency renminbi in cross-border trade and investment this year, says a government work report to be delivered by Premier Wen Jiabao at the annual session of the national legislature on Saturday. The country will "press ahead with ...

China to Firmly Curb Excessive Rise of Housing Prices: The Chinese government will firmly curb the excessively rapid rise of housing prices in some cities this year, says a government work report to be delivered by Premier Wen Jiabao on Saturday, intensifying the determination to cool the country's red-hot property market. The ...

China Announces 16 Pct Cut in Energy Consumption per Unit of GDP by 2015: China aims to reduce energy consumption per unit of GDP by 16 percent in the five years to 2015, Premier Wen Jiabao said Saturday at the opening of the parliament's annual session. Carbon dioxide emission is set to be slashed by 17 percent in the five years on the basis of 2010, ...

China Projects 136 Bln USD Fiscal Deficit in 2011: China projects 900 billion yuan (136.4 billion U.S. dollars) in fiscal deficit, or 2 percent of GDP, in 2011, Premier Wen Jiabao said while delivering a government work report at the parliament's annual session Saturday. The deficit is 150 billion yuan less than that of last year...

China Targets Annual GDP Growth at 7 Pct during 2011-2015: China sets annual GDP growth target at 7 percent during 2011-2015, according to a government work report to be delivered by Premier Wen Jiabao on Saturday. The country's gross domestic product (GDP) is expected to exceed 55 trillion yuan (8.33 trillion U.S. dollars) in 2015, says ...

China to Accelerate Economic Restructuring in 2011: China will accelerate economic restructuring to embark on a self-relying and innovation-driven growth track, Premier Wen Jiabao said at the opening of the parliament's annual session Saturday. "China's economy needs to be quickly put on the path of endogenous growth driven by ...

China Sets Growth Target for New Strategic Industries by 2015: China aims to develop some new strategic industries in the coming five years to make the sector's value-added output account for eight percent of the country's GDP by 2015, according to a draft of the government's 12th Five-Year Plan. The government will work to develop the new ...

China to Push forward Market-based Reform of Interest Rates: China will push forward the market-based reform of interest rates this year, says a government report to be delivered by Premier Wen Jiabao at the parliament's annual session on Saturday.

China Targets 7 Pct Annual Growth of per Capita Urban and Rural Income in Next Five Years: China has targeted seven percent of annual growth of urban per capita disposable income and rural per capita net income for the period of 12th Five-Year Plan (2011-2015), says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session on ...

China's Feb Consumer Prices to Fall: Minister: China's top economic planner said on Sunday that the February consumer prices will drop from the previous high levels, and is confident of checking inflation on the back of abundant grain reserves. "We have the confidence and capability of keeping prices at stable level," said ...

China Welcomes Foreign Investment in High-Tech Industries: China welcomes foreign investment in high-tech industries, says the draft of the country's 12th Five-Year Plan submitted Saturday to the National People's Congress for reviewing. Foreign investment is also welcomed in sectors of modern agriculture, advanced manufacturing, energy...

Beijing Maps out Home Price Control Target: Beijing is determined to stabilize or lower new home prices in 2011 with what is considered the most ambitious housing price control target among those issued by more than 40 Chinese cities. The municipal government will keep prices of new homes, mainly apartments smaller than 90 ...

China to Import More Consumer Goods: Five-year Plan: China will "moderately" increase the imports of consumer goods during the next five years, said a draft of the country's 12th Five-year Plan submitted Saturday to national lawmakers for reviewing. The document said the move would be part of the efforts to boost domestic ...

China: Trade Surplus to Shrink This Year: China's Commerce Minister Chen Deming said Monday that the country's trade surplus would narrow this year as the growth of imports was likely to soon outpace that of exports. Growth in China's foreign trade will slow this year, Chen told reporters during the annual session of the ...

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