Friday, 11th, 2024 | 2:11PM Updated

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Li Acknowledges Important Role of Private Enterprises

Premier Li Keqiang’s visit of SF Express and BYD during his inspection tours in Xi’an, Shaanxi province is being construed as a sign of Beijing’s support for private capital’s contribution to the next phase of China’s change and development.

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Fugitive Property Tycoon Zeng Wei Detained in Saipan

U.S. border authorities have arrested fugitive property tycoon Zeng Wei and are keeping him in custody in Saipan pending his extradition to Hong kong.

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Google Sells Motorola to Lenovo

Lenovo announced yesterday that they had reached an agreement with Google to purchase the search giant's Motorola Mobility smartphone unit for an estimated US$ 2.9 billion.

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Google Acquires Artificial Intelligence Start-up DeepMind Technologies

Google this week acquired London-based artificial intelligence company DeepMind Technologies for an estimated U.S. $400 million, in a move which experts see as an effort to strengthen its search capabilities.

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New 24-hour Hotline To Assist Chinese Citizens Abroad

China’s Foreign Ministry announced on Tuesday that it would set up a 24-hour hotline to assist Chinese travelers abroad.

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Man Suffers Mental Breakdown After 13 Hours on Spring Festival Train

A man on a train servicing spring festival travelers suffered a mental breakdown on Jan. 26, causing a commotion that prompted train authorities to escort him out at the nearest train stop near Wuhu.

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One Hundred Million Yuan Stolen Out of Chinese Liquor Producer’s Account

Jiugui Liquor Company, a well-known maker of the popular Chinese spirit Baijiu, admitted recently that at least 100 million yuan (US$ 16.3 million) was stolen from the bank account of one of its subsidiary companies late last year.

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Bitcoin Trading Site CEO Arrested on Suspicion of Drug Deal Money Laundering

Over the weekend, Charlie Shrem, the CEO of Bitcoin trading site BitInstant was arrested by federal authorities for money laundering, failing to report suspicious activity and operating an unlicensed money transmitting business.

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Government to Give More Support to Special Education

The Chinese government on Monday pledged to increase the budget allotted for special education after acknowledging the importance of providing quality education to disabled children.

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China to Strengthen Drive against Poverty

China will mount an all-out drive to quell poverty so that future generations will not have to grapple with the difficult state, Premier Li Keqiang said during his tour of China’s poorest regions in Shannxi province on Sunday.

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Twenty-Eight Provinces Report Budget Cuts of 5 to 30%

In a move to support the central government’s thrust to cut government spending, 28 provincial governments have trimmed-down their budgets for foreign trips, public feasts and official government vehicles.

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Hong Kong Stops Selling Live Chickens for 21 Days to Abate H7N9

Hong Kong is shutting down its live chicken market in the next 21 days to abate the spread of the bird flu virus or H7N9.

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Baidu Unveils Real-Time Tracker of Spring Festival Migration

Online search giant Baidu has just introduced a new website that provides real-time nationwide information on the movements of people as they travel home for the Spring Festival holidays.

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China-France Ties Mark 50th Year

The establishment of diplomatic relations between China and France marks its 50th anniversary on Jan. 27.

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China Investment Helps Africa’s Economic Development

Ethiopian president Mulatu Teshome declared that he sees that China’s investment in Africa will help transform the future of the continent.

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