Local government borrowing up

Local governments are borrowing ever more from banks.

Sinopec to develop Xinjiang oil

China Petroleum and Chemical Corporation plans to invest 53 billion yuan to boost oil and gas production in Xinjiang.

China's government debt amounts to about 17.5 trillion yuan, about 43% of its gross domestic product.

Chinese carmaker Chery Automobile said its overseas shipments jumped 56.7 percent year-on-year to 11,035 units last month.

China's central government should set up a fund of 500 billion yuan to help SMEs tackle the financial difficulties they are facing.

Jilin province is keen to strengthen its cooperation with Europe.

Su Ning, board chairman of China UnionPay said that overseas consumption from China continued to surge dramatically last year.

The most important task facing China's economy in 2012 is to improve the quality of economic growth.

Premier Wen Jiabao said to the top legislature that China will "safely and effectively" develop nuclear power.

China is confident about the euro zone and will continue to invest in the euro zone.

China should set up a coast guard to cope with the "increasingly challenging" maritime disputes.

The central government will spend 4 percent of the country's GDP on education this year.