Thu, 04 Mar 2021

BEIJING -- China will not see a "policy cliff" in 2021 as the country aims to keep its macro policies consistent, stable and sustainable to support steady economic recovery, an official said Tuesday.

"China's macro policies will be in line with the needs of sustaining stable and sound economic development, and there will be no abrupt turnarounds," Yan Pengcheng, an official with the National Development and Reform Commission, told a press conference. (China-Economy-Macro policy)

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WASHINGTON -- U.S. President-elect Joe Biden on Monday said that he will nominate Gary Gensler, a former financial regulator and Goldman Sachs executive, to head the Securities and Exchange Commission (SEC).

Gensler, currently a professor of MIT Sloan School of Management, served as chairman of the U.S. Commodity Futures Trading Commission from 2009 to 2014 and earned a reputation as a tough regulator. (US-Financial Regulator)

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TEHRAN -- The Railways of the Islamic Republic of Iran (RAI) company announced on Monday the signing of three agreements with Turkey to expand bilateral rail cooperation to further develop the routes linking Turkey to Afghanistan and Pakistan.

According to Iran's Ministry of Roads and Urban Development, the signing of the three documents was to maximize freight and passenger transport between Iran and Turkey. (Iran-Turkey-Railway Cooperation)

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