Trending across China

(chinadaily.com.cn) Updated: 2013-12-17 09:19

A whopping 93.7% of people support the regulation against wasting public money, Zhang Ziyi rumors swirl, and the race is on to snatch up one of the affordable housing units being built in Beijing.

Senior exec pay

The average annual pay for senior executives at China's public companies was 636,100 yuan ($104,756) in 2012, 25 times more than the per capita disposable income of urban residents, a survey on public companies showed.

The report also showed that senior executives at companies involved in the financial sector have topped the pay rankings since 2001.

Waste survey

In a recent survey by China Youth Daily's social survey center, 93.7 percent people are in favor of a regulation from the State Council to restrict waste of public money at CPC and government departments, such as traveling at public expense.

The poll was conducted among 90,170 respondents.

Zhang Ziyi rumor

Trending across China

A columnist wrote on his Weibo that Zhang Ziyi reached a private settlement with Apple Daily, but Zhang denied it and said she will soon announce the verdict from the US Supreme Court.

Last year, Apple Daily published a report saying that Zhang Ziyi had earned 700 million yuan ($115 million) by sleeping with rich merchants. Zhang refuted the rumor and sued Apple Daily.

Train cargo

China's high-speed trains will probably increase the price of cargo service by 20 percent in 2014, Beijing-based Economic Information reported.

Insiders said the cargo service should be priced at 0.15 yuan ($0.02) per ton, but the current price is only 0.12 yuan per ton.

Fast relo

It took just 10 days for 18 government departments in Qiannan prefecture, Guizhou province, to move out of their building into rented work space, CCTV's popular news program Jiaodian Fangtan reported.

They moved out because the prefecture is planning to rebuild the shantytown region, while some new buildings in the nearby downtown were also taken down to make room for gardens and public squares.

Laborer survey

A report published by the Center for Social Survey at Sun Yat-sen University showed how strong and tenacious Chinese people are: Despite 9.1 percent of laborers being unemployed, 33.6 percent believe they are part of the underclass, 49.7 percent had signed work contracts, and only 7.2 percent said they are unhappy.

Netizens questioned the credibility of the report.

Affordable housing

Beijing's latest affordable housing project became a scarce commodity: Purchase applications closed on Dec 14, with 148,000 families registering to buy one of 2,000 houses, which means only one out of 74 families will have a chance to buy.

The project was launched in October, with a plan to build new houses that sell at 70 percent of the market value to non-wealthy families.

Corruption case

Trending across China

China National Petroleum Corp's chief accountant Wen Qingshan is assisting the investigation of a corruption case, insiders confirmed to Caixin, a financial and business media organization.

Four senior executives at the company were removed from their posts because of "serious violations of discipline" in August, and Wen was appointed to take over the position.