China Telecom Corp Ltd, the third-largest telecom carrier in the country, officially started its TD-LTE 4G project on Friday despite a failure to yet attain a FDD-LTE standard license, in a move to compete with its leading rival China Mobile Ltd in the early stage of the new era.
Chinese people spent $6.9 billion overseas on luxury goods during the seven-day Spring Festival holiday(Jan 31 - Feb 6), a drop of 18.8 percent from last year.
Food prices increased by 3.7% in China in January compared to last year, according to official data released on Friday.
Chinese police tied up 149,800 cases of economic crime in 2013, with 49.3 billion yuan ($8.1 billion) recovered, the Ministry of Public Security said on Thursday.
Europe's largest horse-race betting operator PMU is keeping a close eye on China's equestrian industry.
Several Chinese listed companies have announced plans to enter the gambling industry through offshore investment.
Driven by economic growth and a need to restock, China's imports for crude oil and key commodities surged to a record high in the first month of the year.
Move comes after a Securities and Exchange Commission’s judge suspends them from providing audit services in America for six months.
Ping An Insurance Company of China Ltd has promised not to sell its controlling stake in Shanghai Jahwa United Co Ltd, according to a statement issued by Jahwa on Thursday.
Assets managed by Chinese trust companies totaled 10.9 trillion yuan ($1.8 trillion) by the end of 2013, increasing 46 percent year-on-year, according to a report by the China Trustee Association.
China's latest round of initial public offerings has raised more than 30 billion yuan ($4.9 billion) with underwriters accruing 1.5 billion yuan in fee.s
The Shanghai government plans to widen Internet bandwidth in the Shanghai Free Trade Zone, set up last year to spearhead China's economic reforms.
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