Profits of China's refinery industry totaled 13.4 billion yuan ($1.99 billion) in the first five months of 2011, down 58.7 percent year-on-year, the National Business Daily reported Friday, citing the National Development and Reform Commission.
Zhu Min, a special consultant of the International Monetary Fund (IMF) president, will be appointed an IMF vice-president on July 26, Xinhua News Agency reported on Thursday, citing IMF's spokesman David Hawley.
A rainstorm in Tianjin caused an awning to topple and become tangled in broken electric wires before falling into an outdoor pool, killing three people and injuring many, the Beijing Times reported on Friday.
Three warehouses storing 20 tons of counterfeit drinks have been shut after a joint crackdown by police and law enforcers from local commercial and industrial bureau in Shijiazhuang city of Hebei province on Wednesday.
Liu Mingkang, the chairman of the China Banking Regulatory Commission (CBRC), urged all financial institutions of the banking industry to strengthen risk management and prevent and control platform lending risks, the People's Daily reported on Thursday.
Two of China's largest edible oil producers have applied for a price-hike after the price control policy expired in June, because of surging the raw material costs, the 21 Century Business Herald reported on Thursday.
A 21-year-old man spent seven days and six nights trudging for 360 kilometers from Chengdu, the capital city of Southwest Sichuan province, to Chongqing municipality, just to look for a job, xinhuanet.com reported Thursday.
A young couple was taken into custody for selling their three children to raise money to support their illegitimate lifestyle.