Dai Xianglong, chairman of the National Council for Social Security Fund (SSF), said Friday that China will further expand its overseas investment in diversified means.
The chances of a widespread inflation in China seem unlikely given the country's surplus production capacity, but the central government should be cautious against asset price bubbles.
Developed countries' proposals to impose "carbon tariffs" on imports will violate WTO rules and go against the spirit of the Kyoto Protocol, said the Ministry of Commerce.
Canadian mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for $1.5 billion in a bid to reduce its debt.
The Ministry of Housing and Urban-Rural Development ordered a nationwide quality inspection of housing construction Friday after an under-construction compound collapsed in Shanghai.
