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Around China

[2014-10-25 08:36]

The website of China Railway Customer Service Center, www.12306.cn, can automatically sell lower bunk train tickets to people aged 60 or over thanks to a recent improvement in its online ticketing system. The system will do so if there are enough tickets left in the system. Also, the system sells adjacent seats to people who travel together.

Quotable

[2014-10-25 08:36]

"It's not the case that the lower the price of public resources, the better. No city can operate the subway system by merely relying on financial subsidies. The subway network in Beijing is expanding tremendously, and this momentum cannot be sustained if the price of subway tickets stays at the current low level."

The number

[2014-10-25 08:36]

A Chongqing University alumnus donated 300 million yuan ($49 million) to build an information center on the university's campus.

On the web

[2014-10-25 08:36]

Photo: A worker shows a shoe-shaped pencil holder made from walnut shells at an arts and crafts factory in Lin'an, Zhejiang province, on Thursday. The factory uses the shells to make items such as massage cushions, car accessories, slippers and pencil holders, which have become popular among overseas consumers.

Pakistan praises China's 'great vision'

[2014-10-25 08:36]

Pakistani Minister of Finance and Revenue Mohammad Ishaq Dar lauded a China-led funding initiative as "historic", as Beijing gathered together 20 regional members to build a bank to fund infrastructure projects in Asia.

Timeline

[2014-10-25 08:36]

President Xi Jinping proposes establishing an Asian Infrastructure Investment Bank to promote economic integration in the region on a visit to Indonesia. He said Beijing was ready to offer financial support for infrastructure projects in developing countries in the region, including members of the Association of Southeast Asian Nations.

Glance

[2014-10-25 08:36]

Founded in 1944 at the Bretton Woods Conference as Allied victory in WWII looked increasingly certain, the World Bank is a UN financial institution that gives loans to countries for projects.

Minister explains role, mission

[2014-10-25 08:36]

Minister of Finance Lou Jiwei previously explained the concept of the Asian Infrastructure Investment Bank:

What they say

[2014-10-25 08:36]

"As long as it works and it's in response to the G20 (infrastructure objectives), it is fine."

Go home, tung tells students in Hong Kong

[2014-10-25 08:36]

Protesting students in Hong Kong should go home, Tung Chee-hwa, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, said on Friday.

Spacecraft on way to moon orbit

[2014-10-25 08:36]

China launched an experimental spacecraft at 2 am on Friday that will fly around the moon and back to Earth to test a key technology for its lunar program.

Luxembourg lunar probe piggybacks aboard rocket

[2014-10-25 08:36]

Hitching a ride on the experimental spacecraft China launched on Friday is a small spacecraft from Luxembourg produced by that country's space company LuxSpace.

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