Only 50,000 mobile subscribers have successfully changed their operators during the past six months and the government has said it's studying ways of increasing the number.
China, the largest foreign holder of United States Treasuries, bought more federal bonds in April for the first time since October despite concerns over the US debt level.
China's e-commerce giant Alibaba Group Holding Ltd reorganized its online retail unit Taobao into three separate companies, a move that highlights the company's fighting back to rising e-commerce rivals amid fierce competition.
China is drafting a plan to encourage private capital investment in the telecommunications industry, allowing private sector and State-owned telecommunications operation companies to form a new firm.
The operating speed of the much-anticipated Beijing-Shanghai high-speed railway is likely to reach 350 km/h in the future, said a senior railway official.
President Hu Jintao, who arrived in the Russian capital on Wednesday night, will start his two-day visit to Russia with a heavy package of political and economic deals to be signed.
Japanese investment in China is set to surge as it transfers manufacturing bases from areas damaged by the March earthquake and tsunami, boosting China's foreign direct investment (FDI), the Ministry of Commerce said on Wednesday.
Tedjarati, president and chief executive officer of Honeywell International Inc's China and India unit, has led the China operation to grow five times in value since he took office in 2004.
China Minmetals Group Corp has started exploration of heavy rare-earth minerals in Guangdong province and expects to become one of the top three heavy rare-earth companies to consolidate the scattered industry in the south of China.
Chinese developers' outlook was cut to "negative" from "stable" by Standard & Poor's, which said tighter credit and further government curbs may lead to rating downgrades in the next year.
The China Banking Regulatory Commission will require banks to examine their guarantee business throughout July.
Corrupt officials and company executives in China transfer their assets overseas through at least eight channels, according to a report released on Monday by the Anti-Money Laundering Monitoring and Analysis Center set up by the People's Bank of China.