China's first solid-fuel rocket Long March-11 is expected to make its first launch before 2016, a senior official of the rocket's designing institute said on Saturday.
US President Barack Obama signed an order to start the $85 billion across-the-board government spending cuts.
China, the world's largest food consumer, led developing countries in growing biotech crops last year, according to a report by an industry organization.
The EU launched an anti-dumping investigation into imports of solar glass from China amid long-running dispute over solar panel technology.
US President Barack Obama's administration outlined the trade policy agenda for 2013 to advance trade negotiations with Asian countries and European Union.
The State Council, or China's cabinet, on Friday ordered that a 20 percent individual income tax be levied on capital gains by home sellers.
A total of 1,087 court officials and judges who were working in the same jurisdiction as with their lawyer family members have been relocated.
The expenditure in China's central budget on social insurance and job security totaled $91.62 billion in 2012, the Ministry of Finance announced Friday.
Improving ties with neighboring states is among the many emerging challenges in Chinese foreign policy in the next five years.
Exhibitors at one of China's flagship foreign trade fairs say they are lowering their prices, investing in innovations and targeting customers in emerging markets and at home, as demand continues to dip in developed economies.
Chinese companies are struggling to translate their economic might into a worldwide reputation, according to a study released by Fortune magazine.
Tokyo on Friday confirmed that it will allow domestic companies to manufacture and export parts for F-35 stealth fighter jets, a controversial move viewed by Asian neighbors as part of its military expansion.