China will maintain prudent monetary policy to promote the development of the housing market, as risks in the sector remain under control, a vice-governor of the central bank said on Friday.
China's foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday.
China is likely to reduce reliance on wide capital support for economic growth as the country seeks high-quality development, China's central bank governor said Friday.
The nation will take steps to globalize its high-speed railway technology standards this year to further boost the market potential of its Fuxing bullet trains in the international market, said a top company official of the country's railway network operator.
China's latest move to lower the regulatory requirement on the ratio of allowance for loan impairment losses to nonperforming loans will encourage commercial banks to classify bad loans more accurately and to step up the disposal of distressed debt.
Construction of six to eight nuclear reactors will commence in 2018, raising China's total nuclear generating capacity by 6 gigawatts, the National Energy Administration said on Wednesday.
By the end of this year China's third homemade C919 airliner will take off on its maiden flight from the fifth runway of Shanghai Pudong International Airport, Wu Guanghui, the general designer of the passenger jet, announced Tuesday at the ongoing National People's Congress (NPC).
China.org.cn presents a live coverage of the opening ceremony of the first session of China's 13th National People's Congress (NPC) on the morning of March 5, 2018.
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