In the context of decelerating real estate investment, feeble external demand and the economic stimulus measures implemented a few years ago running out of steam, China's economic growth rate is expected to be 7.8 percent year-on-year in 2012, down from 9.2 percent in 2011 and 10.4 percent in 2010.
A probe into the case involving a girl known as fang mei (housing sister) and her father in Zhengzhou, Central China's Henan province, has resulted in the father, the head of the housing management department of a district in Zhengzhou, being arrested. However, the story is far from over.
In 1977, then-Japanese Prime Minister Takeo Fukuda articulated Japan's diplomatic policy toward Asia. The Fukuda Doctrine outlined Japan's commitment to share peace and prosperity with the rest of Asia through "heart-to-heart" interactions and never becoming a military power.
After the days of stifling smog that have shrouded Beijing and many other cities across China's eastern and central regions, a ray of sunshine emerged in the capital on Wednesday with cold winds clearing the air.
Barack Obama will be sworn in as US president for a second term on Jan 21. Obama's re-election as US president and Xi Jinping's election as China's top leader have intensified global discussions on whether the two countries' ties will improve or deteriorate and whether a new power-to-power relationship will develop between them.
Migrant workers said they feel sad for a couple in Foshan, Guangdong province, who were detained on Monday for booking train tickets online and selling them to migrants desperate to return home for Spring Festival by charging just 10 yuan extra. They believe the couple have been wronged by being branded "scalpers", because they were actually helping migrant workers get the elusive train ticket.
In the context of China's accelerated efforts to push forward its "go global" strategy, domestic enterprises have conducted an increasing number of overseas business and investment activities, but also encountered ever-growing investment risks.
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