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The leaders of China, Japan and the Republic of Korea announced Sunday that talks focusing on a free-trade agreement would be launched within the year.
China's top 100 retailers' sales revenues surged 20.9 percent year on year to 2 trillion yuan ($318 billion) in 2011.
Private lending in Wenzhou, a city known as the cradle of China's private businesses, shrank by 30 percent compared with August last year after a credit crunch almost crippled the local economy.
China's central bank announced on Saturday it would lower the reserve requirement for commercial lenders by 50 basis points.
The People's Bank of China, China's central bank, has decided to reduce reserve requirement ratio by 0.5 percentage point, effective on May 18, 2012.
Desert tourism in North China's Inner Mongolia autonomous region has helped the development of the local economy, tour organizers said on Saturday.
A decade of researching whether a free trade area (FTA) among China, Japan and the Republic of Korea (ROK) is feasible has been no means an easy journey.
China's state-owned enterprises and private businesses are not oppositional forces, but complementary ones.
Business owners, real estate investors and professional investors are the wealthiest people in Shanghai, according to Shanghai Wealth Report 2012.
Chinese businessmen might not agree with some sociologists who blame Western culture for unsettling traditional society. They're more likely to welcome it for the huge surge in sales volume that comes from people having a special day of the year to express their love to their mothers through gifts.
"China has become the second-largest market outside of North America for IMAX," said CEO Richard Gelfond.
China's economy continued to slow in April, raising expectations that the government will resort to greater policy easing to help stimulate the GDP.
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