China to provide pandas with hospital

DUJIANGYAN, Sichuan, May 4 (Xinhua) — A new specialized center for giant panda rescue and disease prevention broke ground for construction on Wednesday in Dujiangyan City, southwest China’s Sichuan Province. Upon completion, the facility will…

Property sales rebound during holiday

BEIJING – China’s major cities experienced a rebound in property sales during the recent Labour Day holiday period, while prices relatively remained stable, according to industry statistics on Tuesday. A residential block under construction in…

China launches private placements of bonds

BEIJING – China has given the green-light for the private placement of bonds, another step towards expanding the role of direct financing in the economy, China’s interbank association has announced. The new rules are aimed…

Overwork threatens health of office workers

SHANGHAI – More than 70 percent of Chinese white-collar workers suffer from overwork and are at a greater risk of having health troubles as a result, according to a recent survey.  The survey, which was…

Brands sell out in Hainan duty-free promotion

Thousands of tourists thronged to the official launch of a duty-free store in Sanya, Hainan Island on Monday, buying out brand name products including L’Oreal, Swatch, Estée Lauder, Chanel, Dior and Lancome. Some customers had…

China plans to slash $31b in railway

‘High-speed rail network development set to slow’     China may cut its investment in railway infrastructure this year by more than 200 billion yuan ($31 billion) following an earlier decision to slow down the…

Lingering spring drought hits central, south China

WUHAN – Although renowned as the “land of a thousand lakes”, central China’s Hubei province has been plagued by a lingering spring drought, which has impacted grain production and disrupted the area’s supply of drinking…