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06/28/2012

Yuan Trade Settlements Encouraged in SAR

The central government said on Wednesday that it will encourage foreign investors to use China's currency to conduct trade settlements and investment in Hong Kong. The central government will also push forward joint ventures for stock exchanges in Hong Kong, Shenzhen and Shanghai, as well as introduce exchange-traded funds on both the Hong Kong and [...]

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06/28/2012

‘Lost’ Children Given Hope

Wang Ming has visited three provinces in China since the beginning of 2011. That's not bad going for a 12-year-old. Without a guidebook or a change of clothes, the boy took nothing but200 to 300 yuan ($31 to $47) for each trip. Sharing a passion for globetrotting with his heroBear Grylls in the TV program [...]

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06/28/2012

Around China: Migration – An Escape from Poverty

LANZHOU, June 27 (Xinhua) — Li Bing believes leaving his arid home in northwest China's Huining was the wisest decision he has ever made. In his new home in Guazhou county, Jiuquan city, about 500 km from Huining, Li made 80,000 yuan (12,568 U.S. dollars) last year growing licorice plants, the roots of which are [...]

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06/28/2012

China Targets Corrupt Officials’ Overseas Assets

DALIAN – China will strengthen the measures it uses to recover corrupt officials' illicit assets transferred abroad and demand other countries freeze such assets to cut off the officials' means for living overseas, a member of the supreme procuratorate said on Wednesday. The official, from the anti-corruption bureau of the Supreme People's Procuratorate, made the [...]

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06/28/2012

Latest Food Scare Leads to Milk Recall

Bright Dairy & Food Co Ltd is recalling hundreds of cartons of its Ubest fresh milk after alkaline water used to clean equipment was inadvertently added during production, the Shanghai Quality and Technical Supervision Bureau said yesterday. An automatic valve didn't switch on immediately on Monday afternoon at one of Bright's factories, which led to [...]

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