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BEIJING - Many small and medium-sized enterprises (SMEs) in China have been held back from achieving their full potential by the hurdles they have had to navigate to obtain loans. Following lawmakers' second reading of a draft amendment to the law on the development of SMEs, which contribute the majority to the country's GDP and job creation, things are -- at last -- looking up. Panel discussions on the draft revision were held Tuesday on the last day of the bi-monthly session of the National People's Congress (NPC) Standing Committee. Generating about 60 percent of GDP and 80 percent of jobs, SMEs have emerged as important pillars that support both the economy and social stability, said Zhang Jingqiang, executive president of China Association of SMEs. "The revision is encouraging news for SMEs and will have a profound impact on the country's economic health," he added.
BEIJING -- China's housing market showed signs of cooling down in November, data from a recent report showed.

BEIJING - Pu Bo, vice governor of Southwest China's Guizhou province, is under investigation for "serious violation of discipline and law," according to an online statement by the Central Commission for Discipline Inspection of the Communist Party of China, and the National Supervisory Commission Friday.
BEIJING - The People's Bank of China, the central bank, said it would conduct this year's 11th central bank bills swap (CBS) operation on Friday to improve the liquidity of perpetual bonds issued by commercial banks.
BEIJING -- China's newly established supervisory commissions will work under tight internal and external oversight, according to the Beijing municipal supervisory commission.
来源:资阳报