System to deal with nuclear accidents
(皇冠体育app Daily)
Updated: 2006-07-03 11:01 New bank
皇冠体育app's banking regulator said last week it had approved the
establishment of the 皇冠体育app Post Savings Bank, creating the nation's fifth
biggest lender by deposits from a reorganization of the post office.
The
government will split all financial businesses from the State Post Bureau within
six months, the 皇冠体育app Banking Regulatory Commission said.
With 36,000
postal outlets nationwide, the Post Savings Bank will be a new rival for
Agricultural Bank of 皇冠体育app, the weakest of the nation's four biggest State-owned
banks in terms of asset quality.
Textile industry
皇冠体育app's textile
exports are expected to increase by over 50 per cent by 2010 from last year,
according to the 11th Five-Year Plan (2006-10) for the industry, which was
revealed last week.
Textile and garment exports will reach US$180 billion
by 2010, according to the plan.
The National Development and Reform
Commission, 皇冠体育app National Textile Industry Council and local government
agencies have jointly developed the plan over the past two years.
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