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07/17/2012

China’s Version of ‘Too Big to Fail’

Europe recently had something to cheer about with the apparent discovery of the Higgs boson particle at CERN, the European Organization for Nuclear Research. It is the biggest scientific discovery in decades. In the strange world of quantum physics, the Higgs boson particle that Peter Higgs theorized in 1966 endows basic elements in the universe [...]

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07/17/2012

China Stocks Slump to Six-Month Low on Growth Concern

China's stocks slumped on Monday to their lowest level in more than six months, in the wake of growing market concerns over future economic prospects. The benchmark Shanghai Composite Index plunged 1.74 percent, or 37.94points, to close at 2,147.96. The Shenzhen Component Index tumbled 2.57 percent, or 251.6 points, to close at 9,540.89. Losers outnumbered [...]

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07/17/2012

China to Establish Flight Delay Forecast System

Since the Several Opinions of the State Council on Promoting the Development of the Aviation Industry was published on July 12, what will it bring to the development of the civil aviation industry of China and what influences will it bring to the lives of people? Regarding these questions, People’s Daily had an interview with [...]

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07/17/2012

China Welcomes WTO Ruling on China-US Payment Card Dispute

A spokesman for the Ministry of Commerce (MOC) on Monday welcomed a ruling by a World Trade Organization (WTO) dispute panel set up following accusations by the United States against China's handling of cross-border electronic payments. In a report published by the WTO on Monday, the dispute panel dismissed U.S. accusations concerning China UnionPay's market [...]

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07/17/2012

Wage Growth Falters Amid Slowdown

Wage increases, in percentage terms, fell dramatically last year and the trend will continue as economic expansion slows, experts said. The annual income of workers categorized as non-private sector, those in State-owned enterprises, collectively owned businesses and enterprises funded by foreign investment, stood at 42,500 yuan ($6,660) in 2011, a rise of 14.3 percent from [...]

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