At least six cities in China have loosened controls over the property market and more are expected to do the same as local governments are worried that sluggish home sales may drag on the economy.
A bimonthly session of China's top legislature opened on Monday as lawmakers looked to amend laws on environmental protection and the government's budget.
China's top legislature is considering giving a greenlight to bond sales by provincial-level governments, under strict conditions.
An official of the UN Educational, Scientific, and Cultural Organization (UNESCO) on Wednesday said the ongoing civil war in Syria "has hit cultural heritage in all its forms at an unprecedented level."
Chinese leaders have made cleaning up government debt a crucial task for next year, threatening to tighten fiscal discipline to defend financial stability.
Chinese leaders have made cleaning up government debt a crucial task for next year, threatening to tighten fiscal discipline to defend financial stability.
China aims to create a standardized risk-warning system to better handle government debts, the Communist Party of China (CPC) said in a policy document released on Friday.
In September, China released a new directive to promote new energy automobiles, stipulating that no less than 30 percent of cars purchased should come from non-local manufacturers.
Unwelcome taxes recently exposed all across China are symptomatic of the financial burden that local governments are forced to shoulder against the backdrop of a slowing economy and spiraling debt.
A forthcoming audit of overall government debt in China is expected to reveal the status quo of growing government debt and its potential risks amid the country's economic slowdown.
The State Council, China's Cabinet, on Wednesday issued a timetable for disclosing government spending on receptions, vehicles and overseas trips, as well as information on investigations into major accidents.
China's National Audit Office on Monday warned of the risks relating to some local governments' fast debt growth and the pressure to repay existing arrears.
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