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Four rural co-ops fall victim to 110 million yuan fraud
17 january 2013] Four rural mutual financial cooperatives in a small county in East China became the victims of a more than 110 million yuan ($17.6 million) fraud. Eight of…
Chinese, US, Russian agencies set up rating group
17 january 2013 BEIJING — Three rating agencies from China, the United States and Russia will jointly launch a new credit rating company to rival current industry leaders and promote…
Chinese SOEs report surge in profits
17 january 2013 BEIJING — Net profits at China’s State-owned enterprises witnessed an average annual growth of 25.2 percent from 2003 to 2011, the country’s chief supervisor of State-owned assets…
China’s county-level medical facilities to offer better service
17 january 2013 BEIJING — Improvements will be made in the quality of management and service levels in China’s county hospitals, a government official said on Wednesday. China’s Vice Health…
CPC expected to bridge wealth gap by fair distribution
17 january 2013 BEIJING – Zhang Lan, 43-year-old primary school teacher in southwest China’s Sichuan province, has seen her monthly salary quadruple over the past decade to 4,000 yuan, but…
15,000 officials investigated for bribery
17 january 2013 BEIJING – Authorities have investigated more than 15,000 civil servants involved in 13,000 cases of commercial bribery over the last five years, according to an official…
Rays of hope for manufacturing
17 january 2013 Gradual uptick in new orders drives leading index to three-month high China’s manufacturing sector may start to see light at the end of the tunnel in…
Changhong unveils new Smart TV in Indonesia
17 january 2013 JAKARTA – Changhong, one of China’s leading electronics manufacturers, launched on Wednesday its newest Smart TV here, as it looks to boost its market share of the…
Fund to improve water of diversion project
17 january 2013 WUHAN – The government will spend 12 billion yuan ($1.92 billion) to improve water quality on the middle route of the south-to-north water diversion project from 2011…
Chinese more willing to keep yuan amid appreciation expectations
17 january 2013 BEIJING — Chinese individuals and institutions sold more foreign currency than they bought through Chinese banks in September on expectations for a stronger yuan, statistics from the…
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