Economic Gurus on Future Growth

Four ministers explain China’s stimulus measures and future prospectsT he GDP grew 8.7 percent year on year in 2009, beating the government-set target of 8 percent. Though overshadowed by     

MARKET WATCH

The economy of Xinjiang basks in the glow of an industrial diversification campaign W'andering through the broadstreets of Urumqi, the capital city of the far-flung andsparsely—populated Xinjiang Uygur Autonomous Region, amixture of onrushing modernityand lingering Islamic exoticism is everywhere to be felt.     

Powering Ahead

New large coal power bases are expected to provide the country with sustainable power supplies As the Wall Street financial chaos has demonstrated,some deep-rooted economic ailments defy quick fixes.For China,solving some of its struc-tural problems that have taken the shine off its decade-long economic boom also poses long-term challenges.     

Hand in Hand

China unveils a partner assistance program to propel Xinjiang toward economic prosperity and social stability While China’s coastal provinces basked in the glow of an economic boom     

Local Debt Scare

China steps up a clampdown on the financing vehicles of local governments control over local governments’ financing vehicles will be tightened to fend off what some economists warn could turn into a mountain     

MARKET WATCH

China vows to keep a stringent handle on the industrial overcapacity that is draining life from the economic revival. China Mobile pushes forward OPhone and its operating system in an aggressive push into the 3G market. As its tight grip over the market slips, the wireless titan cannot wait to regain lost ground. China's manufacturing sector continues to pick up steam as evidenced by the climbing PMI. Soaring prices of pork and eggs reignite fears over inflation. The buoyant real estate market appears to be...     

MARKET WATCH

By ordering another hike in the reserve requirement ratio,China strengthens efforts to combat inflation.Housing prices continue to creep up in tracked cities.Domestic enterprises look to expand beyond China’s bor-ders as reflected in the soaring outbound direct investment.The aviation sector loses steam as profits fall dramatically.China’s Internet giant Tencent sees its profit growth slow down.     

Better Late Than Never

China has started a long-anticipated overhaul of its oil pricing and taxation system After years of waiting and debating, the government has finally decided to shake up the country's oil pric- ing and taxation system, combin-     

MARKET WATCH

By ordering another hike in the reserve requirement ratio,China attempts to soak up excess liquidity.Chinese commercial banks issued higher-than-expected new loans in March,highlighting simmering inflation risks.House prices continue edging higher in most major cities,despite tough policies.State-owned enterprises are bursting with vitality,reaping juicy profits in the first quarter.China is bound to benefit from emerging global electric vehicle demand,though challenges remain.China’s telecom equipment maker Huawei cashes in on profitable overseas markets.     

Looking Forward to an Ecological Civilization

HISTORICAL records show that human beings have experienced three stages of civilization. First, the primitive stone Age, which lasted for millions of years and saw people living in groups and relying on simple labor like fishing and hunting. Next came the agricultural age,