介绍:
China rules out introduction of strong stimulus
China's top economic planner has said that China will not introduce strong stimulus measures in the forseeable future.
Xu Shaoshi, minister in charge of the National Development and Reform Commission, made the comments hours after Chinese Premier Li Keqiang announced a lowering of China's economic growth target to around 7 percent in 2015.
Xu, however, underlined importance of investment, which he believes continues to play a key role in the sustainable development of the world's second-largest economy.
The official also said China's economic progress exceeded expecatations in 2014, being marked by a steady pace of economic development, slower rates of inflation and widespread stability in the job market.
China's regulatory measures "in line" with international practices
One of China's top economic planners said here Thursday that China's recent regulatory measures on the Internet are in line with international practices.
Xu Shaoshi, minister in charge of the National Development and Reform Commission, said at a press conference today that "development of the Internet requires regulation."
Xu advocated a fair and orderly development of the Internet in China, for the benefit of world's largest netizen population of 649 million users.
Xu's comments came one day after China justified the drafting of its first counter-terrorism law, which was criticized by U.S. President Barack Obama.
Beijing has slammed Obama's accusation, saying that such domestic issues fall entirely within China's internal affairs.
China to trial Shenzhen-HK Stock Connect
Chinese Premier Li Keqiang says a Shenzhen-Hong Kong Stock Connect program is to be launched on a trial basis "at an appropriate time".
The move is viewed as a part of China's effort to deepen financial reform after the success of a similar scheme, Shanghai-Hong Kong Stock Connect, launched in November.
The Shenzhen exchange, located just across the border from Hong Kong in Guangdong province, includes dedicated boards for technology firms and smaller companies, with trading volumes that sometimes exceed those of Shanghai.
Its benchmark Shenzhen Composite Index surged 33.8 percent in 2014 and has risen more than 18 percent so far this year, as of yesterday.
Lanzhou government denies water contamination rumor
The authorities in Lanzhou in northwest China announced on Wednesday night the tap water in the city is safe for drinking. Officials commented following rumors of contamination.
A government statement says the ammonia nitrogen index of the Lanzhou Veolia Water Company conforms to the national standard
The water company is a Sino-French joint venture and the sole water supplier for urban Lanzhou
There had been public complaints of tap water pollution circulating online since Wednesday morning, causing panic buying of bottled water.
Death toll from Yunnan fire rises to 12
The death toll has risen to 12, following a fire at an agricultural trade center early on Wednesday morning in southwest China's Yunnan Province.
This has been confirmed in a statement issued today from the information office of Kunming City.
It says an initial police investigation shows the fire was caused by an accident that occurred when a merchant was unloading goods.
Australian PM Abbott hints at scaling back search for missing MH370 flight
Australian Prime Minister Tony Abbott has hinted that the search for the missing flight MH370 may be scaled back.
Abbott made the remarks while speaking to the Australian parliament and the relatives of the missing passengers ahead of the anniversary of the disappearance.
The Malaysia Airlines plane vanished en route from Kuala Lumpur to Beijing on March 8 last year with 239 people on board.
Australia is leading an international search team in the Indian Ocean, about 1,600 km off its west coast in what the Prime minister described as one of the world's roughest stretches of ocean.
The 93 million US Dollar budget for the search operation is being jointly put up by Australia and Malaysia.
Indian fighter jet crashes in northern state
An Indian Air Force's fighter jet has crashed in the northern state of Haryana.
A senior defense official, who declined to be identified, said the pilot of the twin engine Jaguar combat aircraft escaped unhurt by ejecting just before impact at a village near the state's town of Panipat.
A probe has been ordered into the incident.
The mishap happened shortly after the fighter jet took off from an air base for a routine test flight.
The Jaguar, which is of Anglo-French origin, has been in use for some 30 years.
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