High-end tourists from China are setting new benchmarks in terms of the locations they prefer to spend their holidays, with a growing number of them opting for polar destinations such as the South Pole.
The China-Central Asia natural gas pipeline has transported a total of 200 billion cubic meters of natural gas by Wednesday since it started operation in December 2009, meeting demand in the world's second-largest liquefied natural gas importer, according to China National Petroleum Corp, the country's largest oil and gas supplier and producer.
China's top foreign exchange regulator warned on Wednesday that systemic risk could possibly rise in the foreign exchange market due to unexpected fluctuations from irrational trading, as headwinds may get fiercer along with the deepened opening of financial sector.
Shanghai Clearing House will launch China's first-ever cross border foreign exchange clearing platform with a London partner next month to support China's further capital market liberalization and renminbi internationalization.
China will continue to support long-term supply deals between coal producers and buyers, amid rising demand for the commodity during the heating season, according to the country's top economic planner.
China will expand the water resource tax pilot program into nine additional provincial-level regions from December, to strengthen the government's management of water resources, preventing wastage and pollution, as a measure to get high-water-consuming industries to shift growth models, the Ministry of Finance said on Tuesday.
China released a three-year action plan to upgrade manufacturing sectors such as new materials, shipbuilding and railway vehicles to catch up with other established rivals in the world, the nation's top economic planner announced on Monday night.
Hubei province has completed the technical design of its offshore nuclear power station and will soon start its construction, with the first marine reactor to be delivered in 2020.
Enterprises violating overseas investment rules will be blacklisted and face 39 penalties imposed by the nation's top regulators as China takes further steps to curb irrational and unauthentic offshore investment moves.
Sunsea Parking Industry Group Inc said on Tuesday that it has raised 1.5 billion yuan ($227 million) in financing to further expand its services in China and gain an edge in China's emerging car parking industry.
China's finance ministry will coordinate with other government departments to introduce a policy regime which supervises and evaluates the pilot program that will transfer shares of State-owned enterprises and financial institutions to the country's social security fund.
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Raymond Zhou
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Chen Weihua
