China now world’s third-biggest draw

 China has overtaken Spain on the list of the world’s top tourism destinations, becoming the third-largest attraction, a senior tourism official said at the weekend. Man Hongwei, director of the international coordination department at the…

China to take lead in new-energy vehicles

China will launch a development plan in energy-saving and the new-energy vehicle industry to make the country a leader in the sector over the next 10 years, with government funding of 100 billion yuan ($15.28…

Small amount of iodine-131 found in spinach in China

Small amounts of radioactive iodine-131 have been detected in the air in 31 of China’s provinces, autonomous regions and municipalities. Radioactive cesium has been detected in 21. Iodine has also been found in spinach produced…

Cemetery plot prices soar in Beijing

The rising cost of daily necessities in China is also being reflected in the price of cemetery plots. Some gravesites in Beijing are now selling for many times the cost of a house, as Zhang…

China: home to Solar energy

China’s demand for energy is surging and the government has realized the importance of renewable energy. China Daily reported that China will announce a new five year target for the solar industry soon, as  the Chinese government…

China manufacturing sector upbeat on growth

China’s manufacturing expanded at a faster pace in March, suggesting resilience of the economy amid concerns that monetary tightening measures would result in an economic slowdown. The Purchasing Managers Index (PMI) of China’s manufacturing sector…

Chinese banks’ net profit up 34.5 percent

China’s banks made a net profit of 899.1 billion yuan ($137 billion) last year, up 34.5 percent from a year earlier, the fastest pace in three years, the China Banking Regulatory Commission (CBRC) said in…

Boys from Beijing win Global Battle

Three boys from Beijing are flying high after taking out the fiercely fought Global Battle of the Bands and picking up a cool 10,000 U.S. dollars, a week in a London recording studio and a…