The rotten truth of banking on buried savings

2011-05-25 14:47:03

A 75-year-old farmer in Northeast China buried his life savings of 10,000 yuan ($1,540) in his courtyard before he decamped to the city for work. When dug up again, they are rotted away.

Dial-a-driver industry needs guidelines

2011-05-25 10:11:30

As the country introduces harsher penalties for drunk drivers, more revelers are resorting to driving services to take them home safely; however, a lack of discipline is tarnishing the booming business, the Beijing Times reported.

Yunnan cultural market eyes overseas expansion

2011-05-24 17:18:36

Yunnan, a province of Southwest China noted for its high level of ethnic diversity, is eager to introduce its unique culture to the world by planning several cultural logistics centers and exhibition bases in the 12th Five-Year Plan period (2011-2015), a Kunming official said on Monday.

Shanghai police employ 4,000 CCTV watchers

2011-05-24 16:43:26

Shanghai municipal police department has deployed 4,000 people as a part of a new 24-hour video surveillance team in the city's latest effort to clampdown on crime.

Board chairman of new IPO company commits suicide

2011-05-24 16:06:16

Gao Changqing, 68, board chairman of Zibo Wanchang Science and Technology Co Ltd, committed suicide on Monday, the next market day of his company's IPO, China Securities Journal reported on Tuesday, quoting a source with the local government.

Beijing to revamp its city planning

2011-05-24 15:56:08

Beijing plans to redo its city planning scheme in 2013, The Beijing News reported. The current scheme was set in 2005 for the 2004-2020 period.

US increases probes into Chinese products

2011-05-24 13:04:09

Wang Guiqing said the US launched more Section 337 investigations against China in the past five years than it had in the last 20 years.

China's super oil rig ready to drill

2011-05-24 11:43:23

One of the world's most advanced super oil rigs will start operating in China's South Sea in August, the Beijing Daily reported today.

State Grid gives priority to daily electricity use

2011-05-24 11:21:00

State Grid Corp of China promised to give priority to daily electricity use, especially at hospitals and schools, during this summer's peak energy use season, the Economic Information Daily reported Tuesday.

Chinese economy faces double risks: Report

2011-05-23 17:01:43

A Peking University research center released China's Economic Growth Report 2011 on Saturday, the Economic Information Daily reported.

China to tighten restrictions on plastic bag use

2011-05-23 16:04:06

China is implementing tighter controls on plastic bag use, expanding restrictions introduced in June 1, 2008, Yangzi Evening News reported Monday.

China Payment and Clearing Association debuts

2011-05-23 15:45:19

China's central bank sent out notifications to many payment service companies about attending an establishment conference Monday for the China Payment and Clearing Association, cnr.cn reported.