As many as 200 travelers will leave on the first tourist trips from Beijing to the Democratic People’s Republic of Korea (DPRK) starting April 12.
They will be there during celebrations marking the birth of the country’s deceased former leader, Kim Il-sung.
It will be the first time Chinese travelers will visit the country on tourist visas, [...]
Although the financial crisis of 2009 greatly affected all sectors of the travel industry, the World Travel Trends report released on Wednesday in Berlin predicted a slight recovery from some regions, including a strong boom commencing from China.
Rolf Freitag, the CEO of IPK International, a world travel research monitor that tracks the trends in outbound [...]
Further administrative curbs likely in property market, bank lending
Real estate prices in February rose at the fastest pace in almost two years, adding urgency to the government’s efforts to rein in speculation and increase the amount of affordable housing.
Prices in 70 major cities rose 10.7 percent year-on-year in February, the National Bureau of Statistics said [...]
China’s banking regulator issued a guideline Wednesday requiring the country’s commercial bank executives and employees’ pay to be based on performance assessment in a move to align the pay system in the sector.
Under the guideline, at least 40 percent of bonuses for banks’ top executives must be deferred for a minimum 3-year period. Banks will [...]
Agricultural Bank of China (ABC) has seen a 26.3 percent surge in its net profit for 2009 as the country’s third-largest lender reaped gains from the country’s rapid credit expansion and reform of its rural operations, said its chairman Xiang Junbo.
Tags: ABC, bank, China Finance
A project aiming to transfer natural gas from southwestern Sichuan province to eastern China is set to be formally put into operation in May, a deputy to the National People’s Congress with China Petrochemical Corporation (Sinopec) told China Daily on Wednesday.
The 1,660-km-long gas pipeline, built and operated by Sinopec with an investment of 62.7 billion [...]
