Jointly sponsored by the Economic Reference Paper and Wanmei (China) Daily Necessities Co. Ltd, and supplemented by 16 media and several renowned economists from home, the list of Top 10 Economic News of 2007 has been released in Beijing.
1. On March 16, The Procurement Code of the People's Republic of China was approved during the fifth session of the Tenth National People's Congress (NPC).
2. On June 29, the Standing Committee of the NPC passed the Labor Contract Law (LCL); on August 30, the Employment Promotion Law (EPL) was approved.
3. The State resolved issues related to people's sustenance. On July 10, the State Council issued the Guidelines for Launching a Pilot Project for Basic Medical and Health Care Insurance Covering Urban Inhabitants. On July 11，a government-issued notice said that the poverty-stricken rural population would be included in the scope of the Social Security System; and those with the lowest rural living standards would be guaranteed full benefits. On August 13, Suggestions on the Settlement of Housing Problems for Low-income Urban Families were carried out by the State Council.
4. On September 29, China Investment Co. Ltd. Was launched.
5. From October 15 through to 21, The Seventeenth National Congress of the CPC convened and set objectives for building an all-round well-off society and quadrupling the per capita GDP (from 2000) by 2020.
6. The comprehensive index of the Shanghai Stock Exchange continued surging; and on October 16, climbed up to 6124 points. A sudden decline has since occured, sending shock waves throughout the stock market.
7. On October 24, China successfully launched Chang'e 1: the first-ever lunar probe launched by China.
8. On November 23, the State Council issued a notice declaring that energy conservation and emissions reduction will be the yardstick of performance for government officials at all levels; and the systems of Assuming Responsibility and One-vote Veto were adopted.
9. The Central Economic Work Conference, held in early December, placed the "two prevents" high on the agenda of the country's macro-control policy; and planned to execute a tight monetary policy.
10. On December 16, the State Council published the revision on the Measures for Having Holidays during National Holidays, Festivals and Commemoration Days. Traditional Chinese festivals including the Qing Ming Festival, Dragon-boat Festival and Moon Festival were, for the first time, added to the list of holidays.
By People's Daily Online
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