China's information sector was worth a record high this year, and will continue to play an increasingly important role in the country's overall economy over the coming 12 months.
Alipay, the e-payment division of Alibaba Group Holding Ltd, is launching a consumer financing service that allows shoppers to pay for online purchases the month after delivery.
More than 100 overseas brands, including some of Europe's leading supermarkets, are waiting in the wings to set up stores on Tmall Global, the online retail site owned by Chinese e-commerce giant Alibaba Group Holding Ltd.
The government said on Monday that it had merged Beijing Energy Investment Holding Co and Jingmei Group into a new 200 billion yuan ($32 billion) business in line with its policy to improve efficiency in the energy industry and reduce pollution.
During a year that will see China record its slowest growth rate since 1990, the government has still been working flat-out to maintain what it considers a healthy level of growth while at the same time pushing ahead with economic reforms set out at the Third Plenary Session of the 18th CPC Central Committee in November last year.
Global tablet computer sales are expected to slow for the first time in history this year, overtaken by sales of ever-more versatile smartphones, according to a slew of figures being released.
Jingle bells rang in the air and the sparkling decorations in many shop fronts clearly indicated Christmas was truly a joyous occasion in downtown Guangzhou.
Proposed regulations could help, but lifestyles remain an obstacle in a country that consumes one of every three cigarettes in the world.
Xu Guihua, the executive deputy director of the Chinese Association on Tobacco Control, said she was very happy when the State Council published the draft of a national law to control tobacco use.
Zhang Xuewen, 28, a white-collar worker in Beijing, has been smoking for three years.
"In bars, you drink, and with alcohol, you smoke," said Mohamad Kheer Ferekh, 27, from Syria, in a crowded bar in Sanlitun, one of the capital's most popular bar areas.
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Raymond Zhou
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