Japan wary over PLA’s modernization

BEIJING – Japan expressed concern on Tuesday over the Chinese military’s recent maritime activities in its annual defense report, a week after Beijing officially announced its aircraft carrier program. “Given the modernization of China’s naval…

China to continue diversifying forex investments

BEIJING – China will continue to diversify its foreign currency investments and strengthen risk management to minimize the impact of the global financial market’s fluctuations on China, according to a statement on the website of…

China’s cabinet stresses govt openness

BEIJING – The State Council, China’s cabinet, released a circular on Tuesday urging increased openness in government affairs to ensure officials continue to work in a lawful and efficient manner. “We should stick to lawful,…

Former inmate reveals existence of ‘black jail’

BEIJING – “Black jails” run by security companies to intercept or confine “deviant petitioners” have not yet been swept out of the capital, according to Beijing police who said they recently dismantled one such jail…

Industry faces better prospects

More people in the age group of 20-40 years old are willing to buy insurance products due to a lower appetite for risks, indicating business opportunity for life and health insurers, according to a report…

China’s economy not at risk

The Chinese economy will not experience a “double-dip” nor big fluctuations, and the government is capable and confident of keeping steady and relatively fast growth in the long run, an official from the National Development…