China has approved the establishment of three private banks, a landmark effort for the government to open up the State-controlled financial market.
China cannot fully abandon Qualcomm's highend chips as yet, which makes other sanctions such as sales bans less likely. But the giant could face penalties of up to 10% of its mainland revenues.
The Eastern Chinese city of Suzhou is joining a national rush for the sky with what's slated to become the world's third-tallest building. Even lower tier cities like Suzhou are vying to build ever-bigger towers.
Rising optimism in small Chinese cities has helped push overall consumer confidence in the nation to a record high, despite slowing economic growth.
World's biggest meat consumer became a huge beef importer in 2013 as inward shipments almost quadrupled to about 300,000 metric tons with imports likely to double by 2018.
The launch marks greater cooperation in innovation between the two BRICS countries and was part of 32 bilateral agreements signed by China and Brazil.
E-commerce giant teams up with seven banks, jointly offering loans of up to $1.6 million to China's small and medium-sized enterprises as the conglomerate looks to further build a credit rating system.
A supplier's practice of selling expired meat to top fast-food chains in China has highlighted loopholes in ensuring quality and safety in the food supply chain in the country, experts said.
More Chinese Internet companies should compete internationally, as they now have the ability and can make the world's cyber environment more balanced and just.
Chinese customers expressed mixed feelings after a supplier to restaurant giants including McDonald's and KFC was alleged to have sold expired meat.
The Renminbi is on track to become the third-largest international currency behind the US dollar and euro within five years. It is currently the fifth-most widely used currency internationally.
Once the exclusive preserve of the rich, medical tourism is growing as hospitals and clinics offer far-flung patients a number of advantages that are hard to come by at home.
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Raymond Zhou
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Chen Weihua
