China to invest $140 billion to relocate poor citizens to more developed areas
The funds will be used mainly to construct homes, support facilities and basic public infrastructure, with the rest going to the restoration of vacated lands, state planner National Development and Reform Commision (NDRC) said in a document.
Oct 31, 2016, 16:36 PM IST
China central bank injects $41 billion via mid-term lending facility in September
China`s central bank lent 275 billion yuan ($41.24 billion) via its medium-term lending facility (MLF) to financial institutions in September, it said in an online statement on Saturday.
Oct 08, 2016, 15:01 PM IST
Moody's cuts China outlook on eve of NPC, cites reform, fiscal risks
Moody`s downgraded its outlook on Chinese government debt to "negative" from "stable" on Wednesday, citing uncertainty over authorities` capacity to implement economic reforms, rising government debt and falling reserves.
Mar 03, 2016, 09:35 AM IST
$5 bn-plus irregularities at China fund, banks: State auditor
China Investment Corporation (CIC), Bank of China and Agricultural Development Bank of China violated regulations in areas including asset selling, loan issuance and fraudulent invoicing, according to the National Audit Office (NAO).
Jun 19, 2014, 17:43 PM IST
