China's energy consumption per unit down 13% since 2006
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China's business press carried the following stories on Wednesday. China.org.cn has not checked the stories and does not vouch for their accuracy.
China's energy consumption per unit down 13% since 2006 -- China Securities Journal
China has cut its energy consumption per unit by 13 percent since the beginning of the Eleventh Five-Year Plan (2006-2010), Xie Zhenhua, deputy director of the National Development and Reform Commission, said Tuesday.
Xie said that China may be able to achieve the goal set in the Eleventh Five-Year Plan and reduce the country's energy consumption per unit by 20 percent by the end of 2010.
According to Xie, China's energy consumption per unit was reduced by 1.79, 4.04 and 4.59 percent in the years 2006, 2007 and 2008, respectively.
Ping An reports profit jump in first three quarters -- China Business News
Ping An Insurance (Group) Company (stock code: 601318.SH,02318.HK) reported a net profit of 8.8 billion yuan in the first three quarters of 2009, up by 388.1 percent year-on-year, the China Business News reported.
Last year, Ping An posted a net profit of only 1.8 billion yuan for the first three quarters because of its investment loss on Fortis.
According to Ping An's third quarter report, the group's total assets reached 932.3 billion yuan by the end of September, up 23.54 percent compared to the end of 2008. The total revenue of the group stood at 119.1 billion yuan at the end of September, rising by 59.24 percent year-on-year.
Economist: China should not adjust monetary policy at present -- Shanghai Securities News
China hasn't seen any sign of inflation till now and therefore should not adjust the current moderately loose monetary policy, a renowned Chinese economist said Tuesday.
According to Li Yining, an economist at Peking University, China should at least wait until the annual sessions of NPC & CPPCC in 2010 to consider adjusting its monetary policy.
Li stressed that the achievements of the macro-economic regulation will be undermined if the government shifts its loose monetary policy.
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