China's sovereign welath fund, the CIC, has distanced itself from the toxic financial assets abroad; instead, it is now taking keen interest in assets backed by the real economy activities - such as the real estate and resource industries.
Calling 2009 the thoughest year for China's economy, Premier Wen Jiabao outlines this year's economic targets at the opening of the Chinese parliament plenary session.
The calm eye of the financial storm seemed to have hovered squarely over the Chinese banking industry last year, according to data from China's banking watchdog agency.
As China was poised to pour more funds into stimulating the economy, some high-level officials were debating what level of debt and deficit spending is responsible.
China's state audit watchdog discovered redundant infrastructure projects being built with funding from the country's four-trillion-yuan stimulus package.
Grappling with rising unemployment, China wants companies planning mass lay-offs to alert unions 30 days in advance and submit written reports to the government.
China's central government will issue 200 billion yuan of bonds on behalf of cash-strapped local governments, a decision contrary to months of speculations that local administrations might be granted rights to issue their own bonds.
A Chinese banker and a prominent economist dispelling suspicion against financial innovation and market economy in a time of uncertainties, when calls for more state meddling intensified.