Red envelope shortage sparks online backlash

2015-02-11 17:03:47

Alipay Wallet, the mobile payment application backed by Alibaba Group Holding Ltd, has added an extra $1.92 million to online red envelopes after complaints from users.

Tianjin FTZ opens European shopping center

2015-02-10 15:34:39

Tianjin (Airport) Europe Trade Center opened for business on February 9, 2015. It is a shopping center located in Tianjin Free Trade Zone.

China's household cooking consumes too much energy

2015-02-10 07:32:40

Chinese dama (middle-aged housewives) can become the world's model energy savers if only they spend less time at the kitchen stove.

Listed firms caught in anti-corruption net

2015-02-09 14:57:39

As many as 70 listed companies were involved in China's anti-corruption investigations last year, with the energy, real estate and finance sectors attracting most scrutiny.

Beijing new airport designed to be world's largest

2015-02-09 17:15:45

The concept design of Beijing's new airport, which will be the world's largest passenger airport when it is fully constructed, was completed recently.

Private health insurance set to boom

2015-02-07 07:14:40

Commercial insurers are expected to play a more important role in providing medical insurance to a rapidly aging population in China, a top health official said on Friday.

Chinese likely to give fatter red envelopes this year

2015-02-07 08:01:00

Red envelopes are set to get fatter with a growing number of Chinese people willing to loosen purse strings amid confidence that the economic growth will remain stable for the full year.

China's RRR cut not start of strong stimulus

2015-02-06 10:02:14

The universal reserve requirement ratio (RRR) cut starting on Thursday is not the start of a strong stimulus for the economy, a senior official of China's central bank told Xinhua on Thursday.

China takes 10% of global rail export market

2015-02-06 14:03:55

China's railway locomotive exports accounted for 10 percent of global market share in 2014, said Wang Xiaotao, vice minister of NDRC.

Chinese stocks edge down after rate cut

2015-02-05 16:29:50

Chinese stocks slid 1.2% on Thursday despite the central bank's announcement of its first cut on bank reserve requirement in over two years.

China approves trans-Pacific cable project

2015-02-05 21:36:28

China's top economic planner has given the green light to building a 14,000-kilometer trans-Pacific submarine cable system which will directly connect China and the United States.

Tax law draft closes public consultation

2015-02-04 15:49:20

A draft law to provide taxpayers individual identification numbers has finished its public consultation round on Tuesday.