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19 buildings in the downtown area of Wuhan city in central China's Hubei province were demolished overnight on January 21st, 2017. The demolition process took only 10 seconds. With a floor area of 150,000 square meters, the demolition was the world's
There are a lot of low population rural areas affected by tariffs such as corn tariffs, soybean tariffs, whisky tariffs. And there are areas that are more urbanized affected by tariffs such as tariffs on airplanes or pharmaceuticals. It hits broad cr
BEIJING, March 20 (Xinhuanet) -- Walt Disney Studios announced on Monday that the studio expects to take a write-down of about 200 million U.S. dollars as the result of the expensive adventure movie John Carter. The film has so far generated 184 mill
BEIJING, May 6 (Xinhua) -- A total of 606.48 million people traveled via China's railways during the first four months of 2012, a year-on-year increase of 2.8 percent, the Ministry of Railways said Sunday. Passenger numbers increased the most in Apri
The US Federal Reserve has announced it will replace much of the short-term debt in its portfolio with longer-term treasuries. Following a 2-day meeting, the US central bank has decided it will buy 400 billion dollars worth of bonds with maturities o
PARIS, Jan. 26 (Xinhua) -- French telecom giant Vivendi said Wednesday it has sold its remaining stake in NBC(美国全国广播公司) Universal to U.S. General Electric (GE) for 3.8 billion U.S. dollars. Vivendi has concluded ... the sale of the re
China's drug retail sales hit 188 bln yuan BEIJING, Sept. 26 (Xinhua) -- China's drug retail sales reached 188.5 billion yuan (about 29.9 billion U.S. dollars) in 2011, according to figures released by the China Medical Pharmaceutical Material Associ
BEIJING, Feb. 22 (Xinhua) -- The Chinese central government Wednesday allocated 120 million yuan (19 million U.S. dollars) to drought-stricken areas in southwestern Yunnan province. The relief funds, jointly arranged by the Ministry of Finance and th
LOS ANGELES, Jan. 13 (Xinhua) -- Leading independent motion picture producer and distributor Lionsgate has acquired vampire and werewolves epic series Twilight producer Summit Entertainment for 412.5 million U.S. dollars, the company announced on Fri
SAN FRANCISCO, Nov. 1 (Xinhua) -- Yahoo, which has been rumored to sell all or part of its business, announced on Tuesday that it is buying data-driven advertising network Interclick for around 270 million U.S. dollars. Interclick is a technology com
The pressure is on for millions of high school students across China, as the college entrance exams known in Chinese as the gaokao get underway. In this country, this crucial exam is dubbed by many as the one that will determin a person's life. Candi
Outbound tourists to the US from China surged over 20 percent in 2014 to 2.19 million, thanks to extensions of visa validity. The visa policy was hailed by the US tourism industry as a major income boost. Yellowstone national park, the General Sherma
Will shale gas be able to quench the energy thirst of the world's second largest economy? According to the Geological Survey of China, it may be too early to tell, but a plan is certainly now in motion. The newly released China Shale Gas Resources Su
By Alisha Ryu Naivasha, Kenya 15 November 2006 Environmentalists and scientists attending a major U.N. climate change conference in Nairobi, Kenya are warning that Africa is significantly more vulnerable to the effects of climate change than any oth
WASHINGTON, Aug. 24 (Xinhua) -- Online search engine Google Inc. has agreed to pay 500 million U.S. dollars to settle claims that it allowed online Canadian pharmacies to place advertisements targeting consumers in the United States, U.S. Justice Dep
WASHINGTON, July 30 (Xinhua) -- The U.S. Treasury Department announced Monday that the federal government expected to borrow 592 billion U.S. dollars from the market to fund its operation in the second half of this year, fresh evidence of the budgeta
WASHINGTON, Jan. 18 (Xinhua) -- Banking giant HSBC has agreed to pay 249 million U.S. dollars to borrowers in a settlement with U.S. federal regulators for its foreclosure abuse practices, U.S. Federal Reserve announced on Friday. The sums paid by HS
The National Development and Reform Commission says it's stepping up measures to revitalize China's sagging industrial Northeast. Zhou Jianping, the official in charge of the effort, says the government will invest 1.6 trillion yuan in about 130 majo
Chinese authorities have so far handled 92 major cases, involving over 800 billion yuan, or 126 billion US dollars, of embezzled money transferred through underground banks and offshore companies. This is part of the wider Operation Skynet campaign,
Head of China's Supreme People's Court, Zhou Qiang, says the country's courts at various levels handled a total of 1.42 million cases involving private lending in 2015. Zhou said while delivering a work report to the third plenary meeting of the NPC