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BEIJING - The asset requirement of billion for overseas financial institutions to invest in Chinese trust companies will be lifted, according to the China Banking and Insurance Regulatory Commission Tuesday.
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 - The United States' trade deficit with China is not directly related to the decline in US manufacturing jobs, according to a research report released by the Ministry of Commerce (MOC) Thursday.
BEIJING -- China's central authorities have established a specialized work mechanism to address the practice of "formalities for formalities' sake" and alleviate burdens on primary-level authorities.
BEIJING -- China has released a revised guideline to improve the procedures in the meting out of punishment and ensure justice and transparency in the measurement of penalties.
来源：资阳报