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Cash boost plan for China's sports industry

2010-03-25 17:00:50

The government will accelerate the development of China’s sports industry by opening more channels for raising funds in the following ten years, according to a document issued by the State’s Council, nbd.com.cn reports Thursday.

4,000 more foreigners register for work

2010-03-25 15:52:53

More than 1000 foreigners from 80 countries all over the world have registered for employment in Yiwu.

Chinese man bids record high for NYC condo

2010-03-25 15:37:09

A luxurious Manhattan condominium was sold in a foreclosure auction for $33.2 million, the highest price for a Manhattan apartment this year, to a Chinese businessman, Oriental Morning Post reported Thursday.

PepsiCo China tried on smuggling charges

2010-03-25 15:27:48

PepsiCo Investment (China) Ltd, together with two of its employees, stood trial Wednesday at Guangzhou Intermediate People's Court on charges of smuggling ordinary goods, the New Express Daily reported.

737 receive money for reporting Internet porn

2010-03-25 15:12:14

A total of 737 people have received prize money totaling 766,000 yuan ($112, 219) after reporting Internet porn cases since the launch of a tip-off and prize money system on December 12, 2009, according to authorities of the Internet bureau under the State Council Information Office, china.com.cn reported Wednesday.

Lights out at supermarkets for Earth Hour

2010-03-25 14:42:26

Nearly four hundreds supermarkets in Beijing are preparing to dim their lights to honor the "Earth Hour 2010" on Saturday night, the Beijing Daily reported today.

Villagers pleading for road to water

2010-03-25 14:38:44

Long distance to the water supply station poses big challenges to the elderly in long-term drought affected areas.

Huayi Brothers announces hefty dividend payout

2010-03-25 11:37:22

Huayi Brothers Media Corp has announced a hefty dividend plan after its net profit grew by 24.22 percent year-on-year to 84.55 million yuan and revenue rose by 47.59 percent to 604.14 million yuan, the company said in its annual report Thursday.

Survey: 77.5% want to have two kids

2010-03-25 11:11:43

A staggering 77.5 percent of people would love to have two kids if permitted,a survey organized by China Youth Daily and sina.com, one of the biggest news portals in China last week shows.

CIRC sets caps on insurance investment

2010-03-24 18:32:31

China's insurance regulator on Wednesday set a 10 percent and 30 percent ceiling for the country's insurance groups and their subsidiaries' investment into non-financial sectors and non-insurance financial industries respectively, a move to prevent cross-sector risk transfer.

Airliner lands safely after false fire alarm

2010-03-24 18:09:46

A China Eastern Airlines passenger plane landed safely in Zhengzhou airport late Tuesday after experiencing a false fire alarm, China's portal website sina.com reported Wednesday.

BOC senior execs' salaries cut by half in 2009

2010-03-24 17:41:14

Senior executives of Bank of China (BOC), the country's third-largest lender by market value, saw hefty cuts in their salaries in 2009 despite a profitable year, thanks to the government's effort to narrow the wealth gap.