Fri, March 06, 2009
A joint press conference on dealing with the global financial crisis and maintaining steady and relatively rapid economic growth is held at the Great Hall of the People in Beijing on Friday on the sideline of the ongoing annual session of the National People's Congress (NPC), China's parliament.
Yuan-based settlements for some China trade likely by March: central bank
Four commercial banks could begin offering yuan-denominated settlement of some of China's international trade deals as soon as March, the central bank said Friday. More
China's real economy major victim of financial crisis: chief planner
China saw its real economy worst hit by the global financial turmoil instead of the financial sector in many other countries, chief economic planner Zhang Ping said here Friday. More
China's monetary policy takes effect, further moderate adjustment possible
China has acted fast amid the global financial crisis to ease its monetary policy that is beginning to take effect, said central bank governor Zhou Xiaochuan on Friday. More
Policy for settlement of HK-mainland trade in yuan coming soon
China is expected to soon issue a policy facilitating settlement in yuan for trade between Hong Kong and the mainland, the country's central bank governor Zhou Xiaochuan said Friday. More
Cross-Strait financial cooperation to be deepened
Financial cooperation between the Chinese mainland and Taiwan will go through similar development and practice in the future as that between Hong Kong and the mainland, the country's central bank governor Zhou Xiaochuan said here Friday. More
China central bank intensifies fight against counterfeit money
Chinese central bank governor said here on Friday that intensified fight against fake money will continue as it was a long-term problem plagued the country, though counterfeit ones were "only in a small amount." More
No currency swap exercised yet between HK, mainland for liquidity shortage
The mainland and Hong Kong have not been forced to use the currency pool, which is a result of a currency swap agreement between the two sides, China's central governor Zhou Xiaochuan said Friday. More
China has multiple plans in case of worse financial crisis impact
China has multiple plans to prepare itself if the global financial crisis further hurts its economy, said Zhou Xiaochuan, governor of China's central bank, Friday. More
China to expand enterprise bond issuance to fund stimulus projects
China will expand the issuance of enterprise bonds to fund its massive stimulus projects, said Zhang Ping, minister of the National Development and Reform Commission (NDRC) Friday. More
