Weather

China raises bank reserve requirement ratio

The People´s Bank of China (PBOC), the central bank, announced on Tuesday to raise the deposit reserve requirement ratio by 0.5 percentage points from Jan. 18 this year.

Experts comment on raising bank reserve requirement ratio

-- "Quantitative tools such as tweaking reserve ratios are relatively modest and can be used to check liquidity."
-- "Reserve ratios could go up even further if bank lending continues to soar."

Chinese shares open lower Wednesday

-- The benchmark Shanghai Composite Index dip 2.11 percent at 3,204.98 points.
-- The Shenzhen Component Index lost 2.61 percent to open at 13,031.55 points.

China honors top scientists

The nation´s brightest minds have been given top honors at China´s National Science and Technology Conference. Chinese President Hu Jintao handed out the award certificates two hours ago at the Great Hall of the People in Beijing.
................................................................................................................................

MOC: No indication Google is leaving

Ministry of Commerce spokesman, Yao Jian, has denied having received any indication from Google that the company plans to leave China.
................................................................................................................................

China car sales surpass US

China has overtaken the United States to become the world´s largest auto market. Official figures released on Monday show the country sold more than 13.6 million vehicles in 2009. That´s up more than 46 percent from the year before.
................................................................................................................................

China launches third orbiter for indigenous global satellite navigation system

China successfully launched an orbiter into space from the Xichang Satellite Launch Center in southwestern Sichuan Province at about 0:12 a.m. Beijing Time Sunday.

People

Xing Jingjing and her "Feng shui" store

On January 7, the reporter visited Zhujiang Road in Nanjing to find the "Taiwan Hu Yiming Zhouyi and Fate Store," which just opened on this busy business road. The store was discussed a lot by Nanjing residents in recent days.

Living in Beijing

New high-speed ring road built in Beijing

On January 7, the Beijing Municipal Commission of Development and Reform revealed at the Meeting on Beijing´s Development and Reform in 2010 that the authorities will build a high-speed ring road around Beijing´s fringe areas.