Personal income to double in five years: analyst

2011-09-07 17:48:06

Personal revenue in China is likely to double in the five years to 2015 due to increasing social welfare and rising wages, says the chief economist at Bank of China International, Cao Yuanzheng.

Foundation defends donation distribution

2011-09-07 17:48:06

Shanghai Charity Foundation responded to criticism about the distribution of funds for the victims of the fire in Shanghai last year

Pork prices still climbing

2011-09-07 17:48:06

Pork prices in China rose to a record high of 26.22 yuan ($4.1 yuan) a kilogram last week, according to figures from the Ministry of Commerce.

Heavy equipment tycoon tops rich list

2011-09-07 17:48:06

Liang Wengen, chairman of Sany Heavy Industry Co., tops the Hurun Rich List 2011, China's equivalent of the Forbes list.

Don't be so nice to teachers, parents urged

2011-09-07 17:42:52

As the national Teachers Day in China approaches, parents have been urged not to present gifts to teachers for the occasion

Sunseeker yacht arrives in China

2011-09-05 18:02:21

The latest version of the British luxury yacht brand Sunseeker, Manhattan 63, has arrived in Ningbo after the order was made by a Ningbo hotel months ago.

300m trips expected during upcoming holidays

2011-09-05 18:02:21

Tourist trips during the National Day holiday (Oct 1-7) are expected to total 300 million, a year-on-year increase of 20 percent.

Monetary policy to remain prudent: PBOC

2011-09-05 17:13:59

The People's Bank of China said it would continue to implement a prudent monetary policy as inflationary pressures still remains high.

Beijing housing inventory hits 110,000

2011-09-05 17:13:59

Beijing’s housing inventory rose to 110,000 units on Sep 2, on sagging sales and new property projects.

Rare earth industry to receive 350 million yuan

2011-09-05 17:13:59

The Ministry of Science and Technology is expected to announce an injection of 350 million yuan into the rare earth material industry.

Private lending thrives, interest rates top 60%

2011-09-05 17:13:59

China's private lending is booming as mainstream banks tighten up loan standards.

Couple plans trip around the world powered by sun

2011-09-05 15:57:04

A couple in their 60s are planning a trip around the world in their homemade solar-powered tricycle.