The local traffic police bureau in the city of Ankang, Northwest China's Shaanxi province, has reportedly ordered its police officers to issue fines of at least 5,500 yuan ($861) a month. Failure to do so means they will not receive their full pay. The bureau later denied the report. Comments:
The local government of Suining county in Central China's Hubei province announced recently that certain areas will have restricted access, due to the filming of Dad, Where Will We Go?, a popular TV reality show. Residents have been informed they will have to furnish their ID cards and household registration booklets to get in and out of those areas. This has drawn widespread public criticism. Comments:
Twenty-three sanitation workers aged 65 years or above in Xi'an, North China's Shaanxi province, were fired recently because of the contracting company's concerns about their "health and work safety", sparking a heated online debate. Comments:
Japanese Prime Minister Shinzo Abe on Saturday, the day marking the 70th anniversary of Japan's surrender in World War II, sent a ritual offering to the notorious Yasukuni Shrine in Tokyo, which honors Japan's war dead, including 14 Class-A convicted criminals of WWII. This was just a day after his long-awaited statement to mark the anniversary.
Japanese Prime Minister Shinzo Abe did not offer fresh apology for Japan's war crimes in his statement marking the 70th anniversary of World War II on Friday.
On Aug 11, 2015, the People's Bank of China lowered the yuan's exchange rate by almost 2 percent. The central bank's move pushed the yuan's "daily fix" to 6.2298 against the US dollar. This move was its biggest one-day change for the yuan since China had loosened (somewhat) its dollar peg in June 2010.
'For the sake of His Majesty the Emperor, I am about to take up my calling in the eternal great cause in the skies of the decisive battle to destroy the Americans and British. There is no greater long-cherished desire for a man."
China Securities Finance Corp, the State-owned margin lender which played a crucial role in halting the recent slide in Chinese stock markets, is to end its direct intervention in the market and allow market forces to play a bigger role in determining share prices.
The People's Bank of China, the central bank, raised the value of the yuan against the US dollar on Friday, the first increase after a three-day depreciation of more than 4 percent.
China increased its gold reserves to 53.93 million troy ounces by the end of July from 53.32 million ounces a month earlier, according to data released by the central bank.
Ping'an Bank has reported an overall improvement in its performance in the first half of this year, but also admitted it is facing greater pressure from bad loans.
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