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Sinopec, China's biggest oil refiner, will subsidize refined oil products by its refineries starting in March in an effort to encourage oil product exports, a person from a Sinopec refinery told National Business Daily on Monday, saying the subsidy was 130 yuan ($19) per ton.
Photos showing the charred interior of the landmark CCTV headquarters after a firework display went disastrously wrong were published for the first time in the Beijing Times on Tuesday.
Editor's Note: It has been a bumper year for China's businesses with around 70 percent releasing annual reports listing staggering profits. The rise in profits for China's listed companies in 2009 was spurred by real estate developers and machine manufacturers thanks to a rebound in the housing market and huge government stimulus. [Full Story]
Beside talks over the resumption of the Six-Party talk and Iran nuclear issues, fixing the worrisome US-China relations will be the main task for the visting US Deputy Secretary of State Jim Steinberg in Beijing, according to the US Department of State.
In the next five years, the world will see all of its top 10 real estate developers coming from China, real estate tycoon Wang Shi predicted at a forum on Sunday, Sina.com.cn reported.
Overseas regions for implementing the pilot program of RMB use in cross-border trade will be expanded to include all nations and regions and not limited to Hong Kong and ASEAN (Association of Southeast Asian Nations) members anymore, Xinhua News reported.
Turandot, the blockbuster show by veteran mainland director Zhang Yimou, is set for another hit performance in Taichung as the opera's online ticket system was overwhelmed to a temporary breakdown on Sunday by playgoers rushing in at the opening hour.
The Chinese government announced on Monday it would donate $1 million in humanitarian emergency aid to earthquake-devastated Chile, according to a spokesman for the Commerce Ministry, the China News Agency reported.
A Japanese scholar, an adherent of Uygur separatist and Xinjiang independence advocate Rebiya Kadeer, was denied entry into China after her plane landed in Beijing from Tokyo on Saturday, the Global Times reported, citing a Japanese newspaper.
Iron ore's spot price in the Chinese market has surged to an 18-month high after the Spring Festival holiday, placing Chinese negotiators in the uphill price talks with major iron ore producers in an even more difficult position, the daily China Business News reported on Monday.
Billionaire Duan Yongping and his wife Liu Xin donated $30 million fundraising money to their alma mater Renmin University of China on Sunday, the Xinhua News Agency reported.
17 days of thrilling competition and athletic accomplishments
