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The People's Bank of China (PBOC), the country's central bank, announced Friday that the nation's new yuan-denominated lending reached 586.8 billion yuan ($92.7 billion) in October, up 17.5 billion yuan year-on-year.
Five cities and two provinces have been chosen to test controls on carbon dioxide emissions, probably starting in 2013, sources with knowledge of the matter said.
Oesterreichische Nationalbank (OeNB), Austria's central bank, signed an agreement with the Chinese central bank in Beijing on Thursday to invest in yuan-denominated bonds in China.
China's trade surplus narrowed in October as unexpectedly strong domestic demand lifted imports and weak US and European demand curbed export growth, official data show.
In the coming five years, China's imports are expected to more than double to exceed $8 trillion, Yi Xiaozhun, China's permanent representative to the World Trade Organization (WTO) said.
The Chinese government is considering establishing a monitoring system for private lending activities after a severe debt crisis of small firms in east China brought the informal lending market into spotlight.
International banks' investment in Chinese bonds may have swelled to more than 10 billion yuan ($1.6 billion) as the government takes steps to ease currency controls.
Sales of computer, communication and consumer electronics (3C) products by China's online retailers in the third quarter of 2011 showed a decline for the first time in three years.
As it becomes tougher to exit their investments through IPOs, Chinese private-equity (PE) participants are prioritizing performance improvement and seeking other exit strategies such as secondary buyouts and strategic purchases, according to a report.
China's State Oceanic Administration (SOA) said Friday that spills at an oilfield operated by ConocoPhillips in the Bohai Bay resulted from defects in the company's production and management.
The State Council, or China's cabinet, has approved a plan to establish an advanced industrial base in coastal cities near Beijing.
China's currency will continue to be a topic during the Asia Pacific Economic Cooperation (APEC) forum in Hawaii later this week.
