Disclosing govt expenses helps public supervision
2011-05-07 17:23:28
China has moved to combat squandering taxpayers' money on government officials' overseas trips, vehicle purchases and receptions, by disclosing how much has been spent in the past on such expenditures.
China to clean up food sector
2011-05-07 16:29:53
Chinese authorities will take unprecedented efforts to rectify the much-criticized food sector to prevent food safety scandals from further harming public confidence in the country's food producers.
China's April inflation figure likely to drop
2011-05-09 14:18:38
Analysts say China's consumer price index (CPI) in April, to be released Wednesday, may drop from or run parallel to that of March due to the government's monetary tightening efforts.
4,000 Volvo cars recalled in China
2011-05-07 15:26:14
China's quality control authorities said Friday that more than 4,000 Volvo S40, XC60 and C70 vehicles have been recalled over problematic headlight cleaning systems.
China Life Insurance has new president
2011-05-07 15:24:53
China's insurance regulator said Friday it had appointed Yuan Li as the president of the China Life Insurance (Group) Company, the country's largest insurer.
Railway investment to top 700b yuan
2011-05-07 15:19:04
China's Ministry of Railways announced on Friday that its total investment this year will reach 745.5 billion yuan ($115 billion), with 600 billion yuan going toward infrastructure construction, according to ministry spokesperson Wang Yongping.
Unilever gets mouth washed out for remark
2011-05-07 10:12:07
China has levied a fine on consumer products giant Unilever of 2 million yuan ($310,000) for talking to Chinese media about planned price hikes that sparked panic buying of shampoo and detergents in late March.
Adviser sees looser policy in H2
2011-05-07 09:50:54
China's monetary policy may shift to "less tightening" in the second half of this year. That's because inflation may have peaked, either in April or this month, said Fan Gang, a former adviser to the central bank, the People's Bank of China.
Youku may net acquisitions
2011-05-07 09:21:10
Youku.com Inc, owner of China's biggest online-video site, said it will review possible acquisitions as the company plans to sell new stock to fund expansion.
Baidu plans legal music downloads
2011-05-07 09:20:43
China's biggest search engine, Baidu Inc, plans to provide free downloads of copyrighted music from next week. The move comes as a response to increasing criticism of its involvement in copyright infringement.
Buyers find love at 1st byte of new Apple iPads
2011-05-07 09:00:47
After lining up outside for 16 hours, Yu Hong stepped out of an Apple store in Beijing one happy lady on Friday.
China plans national overhauls for food safety
2011-05-06 15:05:47
A Chinese official has vowed to take every possible measure to ensure food safety in the country, saying the government has decided to launch national overhauls this year on sectors including milk products, cooking oil, health foods, meat and alcohol.