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An ambitious six billion-yuan new town project in a backwater county in northern China's Inner Mongolia, whose annual revenue merely tops 30 million yuan, has ended up in idle government offices and at least eight half-finished buildings.
Frank Newman, Board Chairman and CEO of the Shenzhen Development Bank, snapped up 17.4 million yuan ($2.5 million) as an annual bonus last year, surpassing all the bankers in China, the Beijing Youth Daily reported Wednesday.
In face of the misuse of low-rent houses that includes illegal re-letting and idle occupation, the Chinese government issued a circular recently, threatening to recall the coveted welfare housing from improper hands.
A survey of three generations of youth has shown a gulf in the attitudes of those born after 70s, 80s and 90s.
The amount of Chinese domestic websites grew to 3.23 million by the end of 2009, with an annual increase rate of 12.3 percent, according to statistics from the Ministry of Industry and Information Technology, the Beijing Times reported on Tuesday.
Scores of holiday villas on South Korea's Jeju Island have been snapped up by about 150 investors from Shanghai as Beijing tries to keep a real estate bubble from exploding.
Three days after the Shanghai World Expo opened, the coastal city's sweltering summer heat, kept crowds down by about half.
Beijing and Taipei have witnessed the opening of two cross-Straits tourism offices in each city recently, a move which analysts said will facilitate tourist visits on both sides of the Straits, the China News Agency reported on Tuesday.
Home buyers may resort to divorce or postponing marriage to get around the new housing regulations aimed at squeezing the real estate bubble in China, a report in the Economic Information Daily found.
China is in need of administrative laws regulating Internet communication, amid the growing number of Internet users in the country, said a top official of the information office.
You won't miss anything of the upcoming Shanghai World Expo by going online at www.expo.cn, which will begin operation at 11pm Friday, 10 hours before the official opening ceremony on May 1.
A survey showed 17.5 percent of Chinese adults are suffering from mental disorders, with 6.1 percent suffering from mood disorders, 5.6 percent suffering from anxiety disorders and 5.9 percent suffering from substance abuse disorders.
