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The Chinese currency Renminbi, or the yuan, lost 59 basis points to 6.3115 against the US dollar on Tuesday, according to the China Foreign Exchange Trading System.
China expressed regrets over the World Trade Organization (WTO)'s ruling against China in raw material exports, the Ministry of Commerce (MOC) said Tuesday.
Different from their parents, who after working in cities would return home to rural China with their savings, the new generation of migrant workers often prefer to settle down in the bustling hubs where they work.
Zhejiang province will strive to ease private companies' financing pressures and channel private capital into the real economy instead of speculation, said Xia Baolong, the provincial governor, on Monday.
Increasing numbers of workers are leaving jobs with nothing new to go to as attitudes change.
China's top political advisor Jia Qinglin said here on Monday that China hopes to strengthen its cooperation with the United Arab Emirates (UAE) in such fields as energy and project contracting.
A dramatic decline in new medium- and long-term loans by Chinese commercial lenders last year highlighted the insufficient financial support available to the real economy, which produces goods and services.
Greece and China reiterated on Monday their commitment to enhance bilateral economic ties during a visit to Athens by a Chinese delegation, headed by deputy director of the National Development and Reform Commission (NDRC) Zhang Xiaoqiang.
Draft rules concerning the imposition of capital gains taxes on foreign qualified institutional investors (QFIIs) are ready to be published, and the tax can help to limit capital outflows and improve the quality of investment projects.
China's government debt is at an "overall safe and controllable" level, said Premier Wen Jiabao, who pledged that funding for key projects would be ensured and steps would be taken to gradually digest the risks.
Shanghai will become the global center of yuan trading, clearing and pricing by 2015, in line with a State plan to make the city an international financial hub by 2020.
For this year's Spring Festival holiday, Gao Jianhua and his family celebrated in much the same fashion as they did in previous years, feasting on food and presenting each other with gifts.
