Item from July 9, 1986, in China Daily: The country's domestic satellite communication network officially went into operation yesterday afternoon, signaling a new stage in China's communication industry.
China will redirect more than 250 billion yuan ($40.3 billion) of fiscal appropriations reclaimed due to inefficient or illegal use to projects that urgently need money, the State Council decided on Wednesday.
Beijing has criticized Tokyo's response as "ludicrous" after a Japanese Cabinet spokesman publicly denounced Chinese events to mark the fight against the Japanese invasion more than 70 years ago.
China's religious followers are becoming younger, with more than half of worshippers under 60 years old, according to a report released on Tuesday.
The BRICS New Development Bank will complement, not compete with, existing financial institutions, an expert on international affairs said.
Over one-third of the companies listed on the Shanghai and Shenzhen exchanges have suspended trading of their shares to provide a temporary safe haven from market turmoil.
Greece's debt default will not affect China's investment as it has a small number of assets in the country and its companies are diversified in other parts of Europe.
High-speed rail tours have become a popular choice of travelers, especially families and students during the peak summer season, as the growing railway network stitches the country's scenic spots together.
Closer cooperation and coordination between China and Russia will inject "positive energy" into the countries' relationship and pave the way for global peace and development, according to Li Hui, Beijing's envoy to Moscow.
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