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Budgetary revenue from the central government's state capital operations was 161.292 billion yuan, which is 104.1% of the budgeted figure and an increase of 14.3%. Adding in the 14.398 billion yuan carried forward from 2014, total revenue stood at 175.69 billion yuan. Budgetary expenditures on the central government's state capital operations came to 135.967 billion yuan, which is 80.3% of the budgeted figure and a decrease of 4.2%. This shortfall was mainly due to slower than expected progress in the reform of collectively owned businesses operated by state-owned enterprises (SOEs) and in the reform to relieve SOEs of the burden of providing water, electricity, heating, gas, and property management services to their employees' homes. Of the total expenditures on the central government's state capital operations, 123.537 billion yuan was spent at the central level, which includes 23 billion yuan brought into the general public budget and used for ensuring and improving the people's quality of life as well as 12.43 billion yuan used as transfer payments to local governments. A total of 39.723 billion yuan of budgetary revenue from the central government's state capital operations was carried over to 2016.

Liu Xi, founder of World Youth Development Forum, said, "When I was at Harvard, I found the bias towards China was mainly based on incomplete information and so we wanted to invite them in to learn about a real China and to promote mutual understanding."

BEIJING, March 19 (Xinhua) -- About 30 Harvard students visited the offices of the People's Daily, the Chinese Communist Party's flagship newspaper, on Friday, capping a China tour designed to give them an overview of the country's politics and economy.

The CPC later initiated a campaign to improve the conduct of officials, focusing on the "three stricts and three honests." The slogan refers to "being strict in morals, power and self-discipline," along with "being honest in decisions, business and behavior."

It went far below market expectations as new yuan-denominated lending in January exploded 71 percent year on year to 2.51 trillion yuan.