The standing committee of the State Council has approved a 6 billion yuan investment to promote fuel-efficient cars with engine capacity of less than 1.6 liters.
Lai Changxing, who was labeled China’s most wanted man in 1999 and spent the following twelve years evading prosecution in Canada, was given a life sentence on Friday.
The State Council has set aside 26.5 billion yuan as subsidies for manufacturers of eco-friendly air conditioners, televisions, refrigerators and washing machines.
The housing ministry's much-discussed database of home ownership will be launched next month in forty Chinese cities, Guangzhou Daily reported Thursday.
In the last thirty years, corruption charges have been brought against almost 90 officials from the top three tiers of government, said the deputy minister for corruption prevention.
The markets regulator has given premission to securities companies to act as asset managers, selling financial products and expanding their business abroad.