China to conduct discipline inspection in the military during holidays -- China's military will conduct discipline inspection and supervision of misconduct during the upcoming holidays. According to the Discipline Inspection Commission of the Central Military Commission, inspections will be made during the eight-day holidays for celebrating the National Day and the Mid-Autumn Festival.
China to advance restructuring of central SOEs -- China's cabinet said Sept. 27 more work should be done to advance the restructuring of centrally-administered state-owned enterprises (SOEs). The country should steadily push for the restructuring of central SOEs in equipment manufacturing, coal, electricity, communications and chemical industries, according to a statement released after an executive meeting of the State Council.
Chinese province looks to bolster tourism cooperation with Cuba -- China's southeastern province Fujian hosted a tourism promotion event here on Sept. 25 to present its natural and cultural attractions to Cuban tour operators and boost tourism cooperation with Cuba. As part of the presentation, some of the top tourist destinations in the province were showcased.
China unveils overall plan for national park system -- China Sept.26 unveiled the overall plan for establishing its new national park system. "This marks the completion of the top-level design of the national park system, and the beginning of the next stage of substantial construction" said Wang Yi, deputy head of the Institute of Science and Development at the Chinese Academy of Sciences (CAS).
Beijing moves financial court to economic hub -- A court specializing in financial dispute cases was moved Sept. 26 to Beijing's financial street, where banks, security firms, and consultancies are clustered. The Financial Street People's Court was moved from the Xicheng district court's compound to the current location to deal with the rise of financial disputes as individual and corporate economic activities grow, said the court's president Liu Jianxun.
China continues to push deleveraging despite initial progress -- China will continue to lower its corporate debt levels, even though it has made initial progress, the top economic planner said Sept. 25. There has been initial progress in reducing leverage levels, with the corporate leverage levels steadying and then declining while debt risks having been mitigated, the National Development and Reform Commission (NDRC) said on its website.
Chinese central bank drains 80 bln yuan from money market -- China's central bank drained 80 billion yuan (12.1 billion U.S. dollars) from the financial system through open market operations on Sept. 25, with the volume of maturing securities exceeding new injections. The People's Bank of China pumped 200 billion yuan through reverse repos, with 280 billion yuan of contracts maturing, leading to a net withdrawal of 80 billion yuan.
Xinhua releases new indicators to track China's development -- China's Xinhua News Agency Sept. 26 released a set of new indicators to track the country's economic and social development. The new indicators, compiled by China Economic Information Service (CEIS), an affiliate of Xinhua, will assess China's weather service, business climate, green development, targeted poverty relief and local tourism development.
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