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A product safety watchdog in southern China has ordered a recall of the cooking oil suspected of containing high doses of a carcinogenic mildew that triggered public concern after it was found in milk products from a popular dairy.
More enterprises are enjoying the benefits of China's innovation-friendly environment as the volume of funds invested in research rise.
China's southernmost island province of Hainan is estimated to have received more than 800,000 overseas tourists this year, according to a local tourism official.
Macao recorded a trade deficit of 5.58 billion patacas ($697.5 million) in November, as merchandise import soared by 51.9 percent year-on-year, according to the figures released on Thursday by the city's Statistics and Census Service (DSEC).
Preliminary statistics showed China created more than 12 million new jobs in cities and towns this year and kept the registered urban unemployment rate below 4.6 percent.
A senior official of the Communist Party of China (CPC) has urged more efforts in accelerating the thorough transformation of the country's economic development pattern.
Washington's decision not to name China as a currency manipulator is expected to reduce Sino-US trade frictions triggered by the exchange-rate issue, said analysts.
While many transnational companies tighten investment in developed economies, Chinese firms see possibilities of making their investments mutually beneficial there.
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's top economic planner on Wednesday said the country will further accelerate the shift of the economic growth mode, as against inadequate consumption and high energy use.
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.
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.
