China's sovereign wealth fund has overly concentrated its investments in financial assets, leaving it little room to take further advantage of the credit crunch and making it difficult to paying off debt in February.
For the first time ever, the Ministry of Finance has volunteered to consult with the NPC beforehand on how to best utilize this year's massive surplus in government revenues.
Developments surrounding the new state-run foreign exchange investment body are being followed closely by both foreign governments worried about its scope and big institutional investors eager for its business. This week, two reports are being reviewed by
The government should invest more in public service and welfare in order to encourage Chinese to save less and consume more. Only then will domestic demand replace exports and investment as the driving force of growth.
While economists compare 1980's pre-depression Japan to China today, a fresh volley of arrows is loosened by economic policy-makers and market watchdogs.
Publication of the 2005 green GDP report has been delayed, but sources say that the calculations are in and 2005 was worse for the environment than 2004.
