Friday, 11th, 2024 | 2:16PM Updated

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China Awards Gold Import Licenses To Two Foreign Banks

China has awarded licenses to import gold to two foreign banks for the first time, according to sources, as moves to open the biggest physical bullion market in the world gains momentum.

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Li Na Shrugs Off the Heat to Make It Into the 3rd Round at Australian Open

Coming off her impressive win a few weeks ago in Shenzhen, Li Na has breezed through her first two matches at the Australian Open to advance to the third round. Next up for the No. 4 seed Li is Czech star Lucie Safarova.

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Using Radio Wave, NSA Able to Access Offline Computers

The U.S. National Security Agency (NSA) has developed a software technology using radio wave which allows it to secretly access computers over long distances even if they are not connected to any network. The NSA has reportedly been using the technology since 2008 and has installed the software on 100,000 computers around the globe.

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Vigorous Growth in Online Transactions Beams Growth For E-Commerce Boom

With the vigorous growth of e-commerce in China, the average per capita online transactions involving money transfers, bill payments, and shopping was above 10,000 Yuan ($1,640) in 2013 according to figures released on Monday by Alipay, the e-payment arm of Alibaba Group Holding Ltd. and China’s largest e-payments company.

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Airlines Told to Address Problem of Flight Delays

Chinese airlines are being asked to implement measures to prevent the occurrences of flight delays as the Chinese Lunar New Year travel rush nears, according to a top civil aviation watchdog.

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Xi Vows to Strengthen Fight Against Corruption

Chinese President Xi Jinping emphasized on Tuesday, the importance of the fight against corruption for the integrity of the Communist Party of China (CPC) in the long run.

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Alleged Shaanxi Party School Vice-President Linked to Sex Tape

Police in Shaanxi Province are investigating whether or not the man who appeared in several sexually explicit photos recently posted online is Qin Guogang, the vice-president of the Provincial Party school.

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U.S. Court of Appeals Rejects FCC Net Neutrality Rules

In a unanimous decision, a three judge panel for the U.S. Court of Appeals for the District of Columbia Circuit yesterday rejected key provisions the Federal Communications Commissions (FCC) open Internet policy otherwise known as the network neutrality rules which requires that broadband service providers treat all network traffic equally.

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Wuliangye to Auction Off Its Fleet of Vehicles

Liquor and spirits producer the Wuliangye Group has announced that it will auction off the majority of its fleet of company vehicles to save money and bring the state-owned enterprise in line with new government regulations regulating the use and misuse of public vehicles.

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China Warns Japan Anew Regarding Future Provocations

China has once again denounced Japan for again attempting to claim the Diaoyu Islands. China’s remarks follow Japan’s unveiling of its plan to revise their middle and high school textbooks, where the Diaoyu islands which have been the subject of continuing disputes between the two countries will appear as part of Japan’s existing territories.

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Tang Wei Warns of Telemarketing Scams

“Lust, Caution” movie star Tang Wei on Saturday gave a warning to her fans to be on guard against telemarketing scams after she was reportedly victimized by one causing her to lose 210,000 yuan ($34,700) while working in Shanghai’s Songjiang district.

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Circular Orders Military to Only Purchase Chinese Brands of Vehicles

According to a circular that was published yesterday, China's armed forces have been given a directive to choose domestic brands when purchasing military vehicles.

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Spring Festival Travel Rush Ticket Sales at an All-Time High

The China Railway Corporation announced on Monday that 154.62 million train tickets for the 40-day travel period during the Spring Festival season had already been sold since they started selling those tickets on Dec. 23.

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People’s Liberation Army Ordered to Buy Domestic

In an effort to save money and cut down on waste, all vehicles purchased by the the People’s Liberation Army (PLA) from now on must be from a domestic brand.

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Google Acquires Nest for $3.2 Billion

Google announced on Monday that it had reached an agreement to acquire the smart home device maker Nest for a reported US $3.2 billion in cash.

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