Beijing's revenue from land transfers in January totaled 24.17 billion yuan ($3.88 billion), the highest since 2003.
China's GDP per capita reached $5,445 in 2011 and ranked 87th worldwide, allowing China to become an "upper middle income" country.
China might postpone the expansion of the property tax pilot program, the China Securities Journal reported Friday, citing an anonymous source.
A kindergarten teacher has been dismissed from her job after being accused of cutting a child's nose with a pair of scissors.
Beijing will take lead in executing the fifth stage of the vehicle emission standard (Beijing V Standard) beginning next month.
Web users in Shanghai enjoy the fastest connection speeds in China, according to the latest quarterly survey by ChinaCache International Holdings Ltd.
Sinochem will buy a 40 percent stake in the 207,000 acres Wolfcamp oil-gas field owned by an American oil and gas company.
Spanish lender Banco Santander SA has received Chinese regulatory approval to form a 50-50 joint venture with Jianghuai Automobile.
Dieter Zetsche, CEO of Daimler AG, expects that his contract with the company will be renewed, according to sources close to the situation.
China Development Bank Corp, the country's major policy bank, is to put more than half of its new loans this year into supporting urbanization construction projects.
Five more commercial banks are likely to be allowed to set up fund management companies under a pilot program approved by the State Council.
GAC Fiat Automobiles Co Ltd will appoint John Burton as general manager. Burton will officially take office on March 1.
Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
UN's top environmental honors go to three in China
German trains collide near Duesseldorf, several people injured
China beats Germany 7-4 in men's curling Olympic qualification
Bayern beat Paris Saint-Germain 3-1 in UEFA Champions League
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