The People's Bank of China has announced that as of Jan 18, it will raise the deposit reserve ratio for deposit-taking financial institutions by 0.5 of a percentage point.
As the consolidation of Shanxi's coal industry nears completion, central government officials have indicated that the country will move to speed up consolidation of the coal industry across the rest of the country.
Participants in this year's Central Economic Work Conference decreed that they would continue to maintain the current "proactive fiscal policy and moderately loose monetary policy" into next year.
Sina reports that He Li, former editor in chief of China Business Weekly and one of the founding editors of The Economic Observer, has been appointed to replace Hu Shuli as Caijing's editor in chief.
