Qi Baishi painting auctioned for record $65m

2011-05-23 14:37:41

A painting by contemporary Chinese artist Qi Baishi was sold by Beijing-based China Guardian on Sunday for 425.5 million yuan ($65 million), a record high for contemporary and modern Chinese paintings and calligraphy.

Guizhou produces more raw coal

2011-05-23 14:26:29

Southwest China's Guizhou province, a major coal production base in the southern part of the nation, produced 50.19 million tons of raw coal in the first four months of this year, an increase of 9.91 percent over the same period of last year, according to the provincial energy bureau.

HK stocks down 1.73 pct by midday - May 23

2011-05-23 14:22:59

Hong Kong stocks fell 401.11 points, or 1.73 percent, to close Monday's morning session at 22, 798.28.

Comprehending the foundations of markets

2011-05-23 14:20:21

Many people believe the market is manipulated by large investors and fund managers. Some people believe the market is a type of gambling.

Deep coal-mine shafts raise security risk: Official

2011-05-23 13:52:10

The increasing number of thousand-meter-deep coal-mine shafts in China has raised the risk of gas accidents, the Economic Information Daily reported on Monday, quoting Wang Xianzheng, president of the China National Coal Association.

China to get tough on TV advertisements

2011-05-23 13:48:59

China is to tighten oversight of its TV advertisement broadcasts, the Beijing Times reported on Monday quoting Gan Lin, vice director of the State Administration for Industry and Commerce (SAIC).

Chinese shares down 1.94% at midday - May 23

2011-05-23 13:45:04

Chinese shares fell in the morning session on Monday with the benchmark Shanghai Composite Index down 1.94 percent, or 55.31 points, to 2,803.15 at midday.

Rice planting goes on despite drought

2011-05-23 13:10:49

Rice farmers across China finished transplanting rice into paddies this year without being seriously affected by drought, but agricultural authorities are still warning that water shortages may hinder the growth of plants.

Govt puts out details of budgets

2011-05-23 13:09:44

The public can expect to review the ways that the central government departments spend tax money on overseas travel, cars and receptions for the first time in June.

Israeli firm to secure Tianjin metro system

2011-05-23 13:08:36

Israel's NICE Systems has won a contract to provide video security camera and computerized surveillance alert systems for the metro system in China's northern city of Tianjin, company officials recently told Xinhua.

Bauxite mining by Chinese firm in Fiji halted

2011-05-23 13:05:04

The recent typhoid outbreak in Vanua Levu has halted the bauxite mining by a Chinese company in Fiji's Bua area, according to a manager of the company on Monday.

Preparing for aging nation

2011-05-23 13:01:41

The results of China's sixth national population census show that the total population in the Chinese mainland was about 1.34 billion by the end of 2010.