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A total of 16 former senior executives with the State-owned food enterprise Wenzhou Cailanzi Group were prosecuted for graft, embezzlement, illegal distribution of State assets and bribery, according to the prosecutors' office of Wenzhou, Zhejiang province.
China is facing renewed pressure over shortfalls in diesel, with private gas stations scouring the country for supplies and lines growing at filling stations in major cities.
Experts agree that it is not time to relax monetary policy in the short term as the country is still facing increasing uncertainties both at home and abroad.
Property prices may drop further: NBS
While Europe struggles with its sovereign debt crisis and recovery falters in the United States, China is becoming the focus of attention for global manufacturers hoping to increase sales in the world's second-largest economy.
China's State-owned news websites may prepare to launch initial public offerings on the Shanghai Stock Exchange after getting regulatory approval for listing last week.
China's stubbornly high consumer prices are set to decline this year, as the government's cooling measures take effect, yet complicated new problems mean economic regulation will be a more arduous process, a senior official said.
An elderly customer who says she was falsely accused of stealing by staff members at Carrefour has threatened to sue if she does not receive a written apology.
The world's largest premium carmaker BMW Group sold more than 177,000 vehicles on the Chinese mainland in the first three quarters this year to surpass its 2010 full-year tally.
Toyota Motor Corp announced that it will produce hybrid vehicles and key components in China in 2015 to cash in on the fledgling yet promising market for green cars.
Thousands of Chinese Apple fans are desperate for the 4S regardless of the price and effort required after China was left out of Apple's list of first and second groups of countries where it launched its latest product.
A factory owner from Wenzhou, Zhejiang province, who fled owing wages to some 60 employees, has been arrested in his home province.
China will strictly control the consumption of non-renewable energy in the next five years by setting mandatory ceilings for local governments, a senior energy official said Sunday.
