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China vows tighter oversight, illegal land use crack down

The Ministry of Land and Resources (MLR) vowed Monday to crack down on illegal land use including idling land hoarding and land speculation over property development in a bid to strengthen arable land protection and use land optimally and intensively.

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China's bank loans may exceed 1.3 trillion yuan in Jan.

China's new bank lending is expected to exceed 1.3 trillion yuan in January. But it is much lower than the 1.62 trillion yuan in the same period last year. Loans surmounted 600 billion yuan in the first week of January and the surge maintained in the second week.

China Eastern completes merger

China Eastern Airlines announced the conclusion of its merger with Shanghai Airlines Monday. After the merger, made via a share swap agreement, China Eastern will have operating assets of more than 150 billion yuan, and 331 large- and medium-sized planes.

Google knockoff defiant

The founder of a Chinese knockoff of Google is denying allegations of copyright infringement, and vowed Monday not to bow to pressure from the Internet search engine giant. The relatively new search engine, called Goojje, is growing in popularity.

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Hong Kong razzamatazz to hit Chengdu

Hong Kong razzamatazz to hit Chengdu

Flamboyant businessman Allan Zeman, known for operating a string of thriving restaurants and bars in Hong Kong as well as its marine theme park, Ocean Park – has announced plans to bring his renowned Lan Kwai Fong entertainment concept to the Chinese mainland.