China central bank urges rational investment in bitcoin

BEIJING China's institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday. Bitcoin prices had showed abnormal fluctuations, the Shanghai head office of the ... ( read original story ...)

Beijing Engulfed By Major Fog For Second Day In A Row

The Chinese capital issued its highest red fog alert for a second day on Wednesday, keeping highways closed in and around the city which is already under a smog alert after weeks of choking winter pollution. China’s weather bureau warned of visibility of ... ( read original story ...)

A day in the life of Beijing’s apocalyptic smog

The smog is rolling in over Beijing. We are about to experience what the foreign media have nicknamed the “airpocalypse” — another days-long episode of choking air pollution. In fact, this is the second one in just three weeks. In central Beijing on ... ( read original story ...)

UPDATE 1-China watchdog to bolster private bank supervision

BEIJING Jan 5 China's banking regulator have issued guidelines aimed at strengthening governance at the country's emerging private banks in the latest move by regulators to beef up risk management among financial services firms. The China Banking ... ( read original story ...)

Chinese fake bank founders jailed for swindling

The story shocked many in China - already used to fake food and product scandals - when it first came out. Many commented on the crime's audacity and the fact that the "bank" was able to operate for a long period of time without detection. ( read original story ...)

China state arms maker pledges 'mixed ownership' reforms

SHANGHAI (Reuters) - The China North Industries Group (Norinco), a central government-run arms manufacturer, has decided to pursue a "mixed ownership" model as part of China's ambitious reform programme for state-owned enterprises (SOEs), the company said. ( read original story ...)