China's Xinhua News Agency said in a press release on Sunday that its first financial magazine -- Economy & Nation Weekly -- will reach newsstands nationwide on Monday.

Xinhua says the magazine aims to provide comprehensive and authoritative information by capitalizing on Xinhua's global information collecting network and its diversified think tank resources.

The weekly also aims to become a world-class financial magazine by providing prospective, insightful and professional reporting on economic and financial news in China and other parts of the world.

Priority of its news reporting will be attaining valuable information from high-level policy makers and research achievements by top think tanks and academies.

The weekly's target readers are government officials, business chiefs and managers, scholars and others who are interested in financial news.

The weekly is run by Xinhua's Outlook Weekly conglomerate, which also publishes the Globe weekly. Its first edition will be available to readers at airports and newsstands in major Chinese cities on Monday.