CHINA'S trade suffered a strong setback in January as both exports and imports dropped amid shrinking external demand and a slowing domestic economy. The Spring Festival holiday, which distorted the usual working...
China's yuan rises to new high against USDTHE Chinese currency Renminbi, or the yuan, rose to a new high against the dollar today. It strengthened by 72 basis points to stand at 6.2937 against the US dollar today, according to the China Foreign Exchange...
Five nabbed for stealing 1,680 iPhones on route to USFIVE suspects have been detained for stealing nearly 1,700 iPhone 4s bound for the US market, Shanghai police said yesterday. They said the stolen iPhone 4s were replaced with plastic models with the same weight...
US set to make entry easier for Chinese visitorsTHOUSANDS of Chinese applicants for non-immigrant US visas may be excused interviews if they held the same visa previously, it was announced yesterday. The move, aimed at streamlining the United States' visa...
THREE swindlers who used fake iPhone4 models to cheat nine people out of more than 20,000 yuan were sentenced to one year in prison and fined 1,000 yuan (US$159) each, the Songjiang District People's Court said yesterday. ...
Developer penalized for erasing Beijing heritageA real estate developer is slapped with a 500,000 yuan (US$79,400) fine for destroying the courtyard residence of a famous Chinese architect in downtown Beijing. Fuheng Real Estate, a subsidiary of China Resources,...