The Xinhua News Agency has been authorized by the State Council to examine and approve the publication in China of economic information by foreign news agencies and their information subsidiaries, said Tian Congming, president of Xinhua, in Beijing Monday.

Tian told visiting Chairman of Bloomberg Peter Grauer that Xinhua, China's state wire service, conducts such examinations and approvals in line with the country's law and regulations.

Xinhua and Bloomberg have enjoyed friendly cooperation in recent years, Tian said, hoping that the two sides will work together to increase mutual understanding and expand exchanges on the basis of respect, equal coordination and mutual benefits.

Grauer said Bloomberg values friendly relations with Xinhua, and will continue to promote cooperation with Xinhua.

Source: Xinhua