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Thursday, March 07, 2002, updated at 09:24(GMT+8)

China's Fiscal Policies
China to Maintain Stable Monetary Policy

China's monetary policy last year attained its stated goals. China will maintain its stable monetary policy this year, according to a report on Wednesday by the People's Bank of China (PBOC), the country's central bank.

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China to Maintain Stable Monetary Policy
China's monetary policy last year attained its stated goals. China will maintain its stable monetary policy this year, according to a report on Wednesday by the People's Bank of China (PBOC), the country's central bank.

PBC Published Analytic Report on Steady Monetary Policy
The People's Bank of China (PBC) Tuesday published an analytic report in its website in which it elaborated on the origin, connotation and effect of China's steady monetary policies.
PBC said the report aims to "enhance the transparency of China's monetary policies and improve the understanding of different social circles in the policies."

Fiscal Policy to Remain Proactive: Experts
The macroeconomic environment will be favourable for the further development of China's consumer goods market this year. The central government has already decided China will continue to implement a proactive fiscal policy and a steady monetary policy in 2002.

Central Bank Concentrates on Financial Supervision in 2002
The People's Bank of China (PBOC), China's central bank, will focus its attention on reinforcing financial supervision in the year 2002, said Dai Xianglong, governor of the PBOC.

China to Tighten Insurance Regulation
The China Insurance Regulatory Commission (CIRC) will tighten supervision in line with the basic rules of the World Trade Organization WTO), aiming to develop a sound and healthy insurance industry in China.

China Vows to Increase Financial Supervision, Reform
China has outlined the priorities for its financial sector in the coming few years, such as improved supervision, more financial reforms and regulation of the financial system to reduce financial risk and improve financial services.
The priorities were determined at a three-day national conference on finance held by the Central Committee of the Communist Party of China (CPC) and the State Council.

Detailed Bank Rules on Foreign Banks Take Effect
Detailed rules on governing foreign banks which came into force Friday was a milestone in the history of China's banking industry, foreign bankers claimed.

China to Stick to Steady Monetary Policies
China's central bank announced Sunday it will continue adopting steady monetary policies while maintaining the exchange rate of the renminbi (RMB), the Chinese currency.

China to Maintain Exchange Rate Stability: Central Bank Governor
China will improve foreign exchange administration and maintain a strong position in balance of payments and exchange rate stability, China will also give priority to continuing the market-based, managed floating exchange rate system, said Dai Xianglong, China's central bank governor on Tuesday.

China's Taxation Overtaking Trillion Yuan in 2001, and Then?
2001 saw China's nationwide taxation overtake RMB 1.5 trillion-yuan, an unprecedented breakthrough to have reached RMB 1.5157 trillion-yuan. It is a rise of 19.7 percent as against that of the previous year with added revenue amounting to RMB 249.6 billion-yuan.

Timetable to Adjust Home, Foreign Enterprise Income Tax Not Set
By now, China has not set the specific timetable to adjust the domestic and foreign enterprise income tax, Jin Renqing, Commissioner of State Administration of Taxation said Thursday. China will consolidate the income tax for domestic and foreign enterprises in line with the rules of the World Trade Organization.

China to Continue Pursuing Proactive Fiscal Policy
China will continue to pursue a proactive fiscal policy next year, according to Finance Minister Xiang Huaicheng. This means the country will continue to issue special treasury bonds, as it did in the past four years, to fund infrastructural projects and generate demand to invigorate the economy, he said. However, Xiang added his ministry will guard against input into unnecessary projects.

Premier Zhu Calls for Quicker Construction & Modernization of Tax System
Chinese Premier Zhu Rongji has called on the country's national tax administration to redouble efforts to carry out the work, known as the Golden Tax Project and to use information technology to crack down on tax evasion during his inspection in the State Administration of Taxation on November 14.

Foreigners Get Ready for Listing in China
Leading firms in Japan, Europe and the United States are reportedly preparing to have their units in China go public, possibly as soon as early next year.

China to Favor West in Fiscal Policy
China's Vice-Minister of Finance Zhang Youchang on Wednesday promised to increase investment in the country's economically weak western regions.

Forex Cashier System to Be Put into Trial Use June 1
The State Administration of Foreign Exchange (SAFE) and the Customs General Administration lately announced that a new Forex Cashier System is to be put into trial use starting June 1 in China.

China to Unify Home/Foreign-related Taxes in 3 Years
According to the Ministry of Finance, the State Council lately approved the adjustment plan for a unified income tax policy for domestic and foreign-funded companies.

Current Money Supply Moderate: Central Bank
May 14 saw the People's Bank of China, China's central bank, announce its Quarterly Report on Monetary Policy for 2001, giving an overall analysis to monetary policy, macro-economy, financial market and banking operation.

China to Continue Pursuing Active Fiscal Policy: Finance Minister
China will continue to implement an active fiscal policy to consolidate the sound growth momentum, Finance Minister Xiang Huaicheng said Thursday in Honolulu.

Fiscal, Monetary Policies to Further Stimulate China's Economic Growth: UNCTAD
Although export growth is expected to be slower in 2001, China's economy will be stimulated by its current fiscal and monetary policies, according to a report released by the United Nations Conference on Trade and Development (UNCTAD) Tuesday.

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