China-US trades drop sharply during major trade event

Transactions between Chinese exporters and buyers from the United States during China’s largest trade event dropped sharply, mainly due to the trade conflicts between the two economic powers.

“The ongoing trade conflicts posed impacts on US buyers, bringing uncertainties to the international trade market,” said Xu Bing, spokesman of the China Import and Export Fair.

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HK-Zhuhai-Macao Bridge officially opens on 23rd 2018

The Hong Kong-Zhuhai-Macao Bridge is to be officially open to traffic at 9 a.m. on Oct. 24, said the Hong Kong-Zhuhai-Macao Bridge Authority.

The 55-kilometer-long bridge, situated in the Lingdingyang waters of the Pearl River Estuary, will be the world's longest sea bridge. The construction began on Dec. 15, 2009.

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China punishes officials Fan Bingbing Tax Evasion Case

At least five officials from the Wuxi Tax Bureau have been punished for ‘poor management’ of the Fan Bingbing tax evasion case, according to Xinhua News.

Ding Yuan, the head of the Wuxi Taxation Bureau, along with four other high-ranking taxmen in the city, were amongst those singled out for mismanagement. Punishment for the five officials came in the forms of administrative warnings, admonishing conversations, position removal and imposing demerits.

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China legal aid advances rights of suspects

Legal aid working offices have been set up in all detention houses and courts across the country to offer free legal services to suspects and defendants in a bid to protect their legal rights. [Photo/VCG]

Legal aid working offices have been set up in all detention houses and courts across the country to offer free legal services to suspects and defendants in a bid to protect their legal rights, a senior official from the Ministry of Justice said.

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China has 60% of world's high-speed railway

China has 25,000 km of high-speed railway, accounting for over 60 percent of the world's total, official data showed.

By the end of 2017, China had built and put into service 127,000 km of railway, up 150 percent from 1978 when the country started its reform and opening-up, according to the National Bureau of Statistics (NBS).

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Breaching China’s glamour citadel

Chinese President Xi Jinping’s anti-corruption campaign is now targeting the glamour icons of the entertainment industry. On Wednesday, the state-run Xinhua news agency reported that megastar Fan Bingbing, whose earnings are only second to that of Jackie Chan, will have to cough out $129 million in unpaid taxes and fines.

Ms. Fan, 37, has a famous national and international profile. She stars in the well-known X-man and Iron-Man film franchises. Her next film, Air Strike, known in China as Unbreakable Spirit, is set for an international debut this year. It is widely reported that the superstar has had tie-ups with top global brands, including Mont Blanc, the German luxury accessories heavyweight, Louis Vuitton of France, whose catwalk she has graced, as well as De Beers, the British diamond ace.

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China bamboo a rising star in paper-making industry

The bamboo that grows in Southwest China's Sichuan province is famous for being pandas' favorite food, but humans have increasingly turned to the plant for toilet paper and paper towels.

Last year, Sichuan produced 1.1 million tons of household paper from bamboo, equivalent to about one-tenth of China's total paper production for household purposes, according to the Sichuan Paper Association.

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ZTE reports revenue over 100b yuan in 2017

Chinese telecommunications company ZTE reported full-year operating revenue of 108.8 billion yuan ($17.2 billion) last year, according to the company's annual report released Thursday.

It marked a yearly increase of 7.5 percent, the report said.

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Alibaba says it's open to market homecoming

Mar 2017, Jack Ma launched NASA project.

E-commerce giant Alibaba Group said on Friday that it has always wanted to float shares in China when the time is ripe, following media reports saying it is contemplating a secondary listing in its home market.

The development came as the securities regulator works to encourage new-economy companies to raise capital at home through novel measures.

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Chinese president takes oath of allegiance to Constitution for first time

"I pledge my allegiance to the Constitution of the People's Republic of China (PRC) to safeguard the Constitution's authority, fulfill my legal obligations ..." Newly elected Chinese President Xi Jinping took the solemn oath in Beijing Saturday.

This was the first time for a Chinese president to take a public oath of allegiance to the Constitution upon assuming office.

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Li Shufu, the Chinese farmer ‘who married a European prince’

Geely Auto's Baoji Plant.

Li Shufu, founder of Zhejiang Geely Holding Group, is a rising star in the global auto industry, with his scores of international deals prompting competition concerns in the West and drawing substantial praise in China. Though Li is currently jumping many hurdles in the West, people who know him well say he is a man on a global mission to save the traditional auto manufacturing industry.

He may not be as well-known around the world as some of the biggest names in China's corporate world - like the star founder of Alibaba Group Jack Ma Yun, who speaks fluent English and does not shy away from global media attention, or the outspoken billionaire behind conglomerate Dalian Wanda Group Wang Jianlin, who once vowed to prevent Disneyland Shanghai from making any profit for 20 years - but Li Shufu, the low-key founder and chairman of Chinese carmaker Zhejiang Geely Holding Group, is now a rising star in the global auto industry. 

Read more: Li Shufu, the Chinese farmer ‘who married a European prince’