Many people have expressed their willingness to pay for e-books, according to the latest surveys on Chinese reading habits.
Premier Li Keqiang elaborated on his vision for the Asian Infrastructure Investment Bank and the Chinese economy this year when he addressed the inaugural meeting of the bank's board of governors on Saturday.
The Asian Infrastructure Investment Bank may co-finance some of its first projects with similar institutions, such as the Manila-based Asian Development Bank, according to Mohammad Ishaq Dar, the Pakistani finance minister.
"It is important that you not just have something brilliant on paper, it is important to implement it. ... As president of the bank, I will ensure that the oversight mechanism is implemented without any compromise. ... I want to make sure all policies are implemented well and make sure the oversight mechanism is implemented without any compromise. We have the confidence to tell the world that we mean what we say."
China will continue to fight corruption and bring back fugitives after making great progress by having more than 1,000 fugitives returned last year, the nation's top anti-graft watchdog said on Friday.
Haier Group, China's biggest manufacturer of household appliances, agreed to buy General Electric Co's appliances business for $5.4 billion in cash in the country's biggest acquisition of an overseas electronics company.
President Xi Jinping will start a visit to the Middle East next week, marking his first official trip to the region since taking office, it was announced on Friday.
The growth of China's yuan-denominated lending lost steam in December, as banks started to worry about credit risk amid an economic slowdown.
Astronomers have discovered the brightest star explosion ever, a super supernova that easily outshines the entire Milky Way.
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Raymond Zhou
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