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CRIME

Corrupt Chinese Securities Trader Executed in Beijing

Yang Yanming, former general manager of the Beijing branch of China's Galaxy Securities, was executed yesterday after being sentenced to death for graft and embezzling public funds in 2007. Yang was first sentenced to death for the same crimes in 2005 before appealing the decision and the case was referred back to the lower court for retrial. The supreme court upheld the 2007 death sentence during...

Chongqing Evening News | 2009-12-09

HEALTH

16 A/H1N1 Deaths in Beijng Last Week

Beijing municipal health bureau yesterday announced that 503 people were found to have contracted the deadly strain of influenza in Beijing, over the the past week. Of those 503, 16 died and another 96 were hospitalized.

The Beijing News | 2009-12-08

HOUSING

85% of Households Can't Afford To Buy a House

Statistics in this year's Economic Blue Book, an annual publication produced by the Chinese Academy of Social Sciences (CASS), reveal that average housing prices far exceed average household income and that 85% of households across the country can't afford a house.

Beijing Times | 2009-12-08

BANKING

State Banks Should Rely on Market to Replenish Capital

Li Jiange, vice chairman of Central Huijin Investment Company, the domestic investment arm of China Investment Corporation (CIC), the country's sovereign wealth fund, yesterday said mainland banks should rely on market-oriented approaches to solve their capital adequacy requirements.

Economic Observer | 2009-12-08

CRIME

Five Sentenced to Death for Involvement in Urumuqi Riot

Another five individuals were sentenced to death by the local intermediate peoples court yesterday for murder and other crimes committed during the violent unrest that took place in Urumuqi on July 5 this year. Another two individuals received life sentences. China last month executed nine people who were convicted for their roles in the violence that left nearly 200 people dead and 1,600 injured.

Yanzhao Metropolis | 2009-12-04

RESOURCES

Huge Amount of Steel Wasted in China

An astonishing amount of steel is being wasted every year in China, Xiong Bilin, inspector of the Industry Coordination Department under the National Development and Reform Commission announced at a news conference yesterday. She went on to say that "it's improper to give the detailed statistics."

Xinhua News Agency | 2009-12-04

BANKING

Internet Banking Platform to be Set Up by Next June

The People's Bank of China plans to set up an Internet banking platform before next June, enabling consumers to accomplish various tasks by logging into any bank's website, Ouyang Weimin, Director of Payment System Department at China's central bank, announced yesterday.

China Securities Journal | 2009-12-04