Construction work on a large iron and steel project and a joint-venture petrochemical complex in Zhanjiang, a coastal city of Guangdong province, is well underway, Mayor Wang Zhongbing said.
China's banking sector remains solid, with the shadow banking sector well under control, Yang Kaisheng, former chairman of Industrial and Commercial Bank of China, the country's largest lender, said on Thursday.
Regulators will improve legal protections for bond investors and strive to reduce systemic default risks, a senior official with the China Securities Regulatory Commission said on Thursday.
The coal hub of North China's Shanxi province is striving to restructure its economic growth model amid declining coal prices and increasing ecological costs, senior officials said.
China, the world's largest energy user, is likely to have a serious excess in refining capacity amid booming domestic demand for oil products, a senior oil executive said on Wednesday.
Ningbo, a business hub in Zhejiang province, has maintained its economic momentum for the year to date, with its gross industrial output value reaching 922.6 billion yuan ($151.45 billion) in the first nine months.
Gao Yonghua, an aquaculture farmer in Ningbo, Zhejiang province, obtained a 300,000 yuan ($49,230) loan from a local credit union a few days ago to expand his fish ponds.
The flourishing Pearl River Delta city of Foshan in South China's Guangdong province is pouring hefty investment into an ambitious plan to profoundly change the infrastructure and overall city image by 2014.
Foshan is anticipating a surge in European investors and industrial service providers, especially from Germany, following the establishment of Foshan Sino-German Industrial Services Zone.
The Foshan Foreign Trade and Economic Cooperation Bureau recently signed an agreement with six banks for credit support to new investment projects.
Following the operation of the data center of Fujitsu Technology Corp, a handful of financial facilities including American International Assurance's Asia-Pacific finance center will soon become operational in Guangdong High Tech Service Zone for Financial Institutions.
China's Anhui province has found itself in the admirable position of acting as a link between the country's eastern and central regions, as a part of two grand strategies to develop the Yangtze River Delta and areas upstream.
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