China will lower banks' reserve requirement ratio (RRR) by 0.5 percentage points starting May 18, the country's central bank announced Saturday.
Ru'ao town, in Zhejiang province, suddenly became famous in April - but for a pharmaceutical safety scandal.
A capsule scandal has been stirring waves in China's medical stock markets, with some seeing share prices doubling and others becoming basket cases.
China's top 100 retailers' sales revenues surged 20.9 percent year on year to 2 trillion yuan ($318 billion) in 2011, a report released Sunday said.
UC Mobile Ltd said it hopes to grab the top spot in India's mobile browser market by next year, according to the company's chief executive officer.
Trade growth slowed, increasing pressure on the government to implement further monetary easing.
The European debt crisis may have stopped China's sovereign wealth fund from investing in government bonds, but it will seek other high-return projects.
China's crude oil imports in April rose 3.3 percent year-on-year to 22.26 million tons, the lowest so far this year.
The "Big Four" global auditing companies dominating the Chinese market will practise as local firms after their JV agreements expired.
The US Federal Reserve approved three Chinese banks to expand their business in US market.
China's top economic planning agency said on Wednesday it will cut gasoline and diesel prices by 3 percent per metric ton for the first time since October.