Shanghai is planning to set up a free-trade zone in the Pudong New Area later this year, the China Securities Journal reported on Tuesday.
BYD Co Ltd, a Chinese maker of electric cars and batteries, said that it has received permission from the European Union to sell electric buses in all of bloc's member countries.
China's big four banks issued 164 billion yuan ($26.3 billion) of new credit in December, Economic Information.
The Ministry of Land and Resources on Monday urged local land authorities to overhaul the reporting system of land uses, the Shanghai Securities Daily reported.
Four police officers in Xi'an, capital of Shaanxi province in Northwest China, have been sentenced to prison after they were caught running a racket where they would use prostitutes as a honey trap to unlawfully fine the prostitutes’ clients and keep the money.
China may speed up its pace of integrating central State-owned enterprises as it announced it will merge two central SOEs, reducing the total number of such companies to 116.
China Securities Journal reported that ministries including the Ministry of Commerce are drafting a 2011-2020 guide for border areas to develop new engines for foreign trade.
China's budget deficit is likely to expand in 2013 as the government's increased expenditure and tax reform measures will lower the growth rate of its revenue.
An official from China's quality watchdog has said in an interview the administration is closely monitoring the quality of Volkswagen's direct-shift gearboxes.
Experts forecasted that China's food prices will face a new round of inflation amid unfavorable weather and the approaching Spring Festival.
China's GDP is projected to grow 7.8 percent in 2012 and 8.1 percent in 2013 as foreign trade, consumption and investments will outperform those seen in 2012.
Huawei, China's largest maker of telecom equipment, expects a net profit of $2.4 billion in 2012, up about 30 percent from a year earlier.