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The Chinese e-commerce giant Alibaba Group Holding Ltd announced on Wednesday that its group-buying site will serve as an open platform for other sites to sell their goods.
Police in the southern boomtown of Shenzhen said Wednesday that they have arrested nine people who failed to pay a significant sum of wages to their employees.
China National Cereals, Oil and Foodstuffs Corp has made steady progress in its overseas investment, said Chairman of the Board Frank Ning.
Chinese Vice Premier Hui Liangyu said Wednesday China must avoid mishaps in supply of major farm produce because agriculture is vital to ensure stable price levels, fast economic growth and social stability.
Venture capital and private equity companies are showing great interest in investing in China's agricultural industry.
Chinese banks should prepare technically and strategically for a partial break-up of the eurozone, said an analyst at Bank of China Ltd (BOC) on Wednesday.
A sluggish global economy, domestic industrial overcapacity and a weak property market will pose increasing downside risk for the Chinese economy in 2012, Bank of China Ltd said on Wednesday.
Profits for China's centrally-administered State-owned enterprises (SOEs) will rise to around 900 billion yuan ($142.86 billion) in 2011, up from 848.98 billion yuan last year, an official said Wednesday.
The number of China's star-rated hotels has reached 13,908, including 607 five-star hotels, bolstering the country's tourism infrastructure, according to a report submitted to China's legislature on Wednesday.
It will be a new record after the government increases budgetary spending in the last two years on projects related to agriculture.
China's foreign exchange regulator said Wednesday that Chinese bought more foreign currencies than they sold through Chinese banks in November, resulting in an $800-million forex deficit in banks for the month.
China's top economic planner said the country will further accelerate the shift of the economic growth mode.
