The Changzhou Intermediate People's Court in Jiangsu province made the ruling on Tuesday. The court said Xiang abused his power while serving in several positions from 2005 to 2017, including vice-governor of the People's Bank of China, Party secretary and head of the Agricultural Bank of China, as well as Party secretary and chairman of the China Insurance Regulatory Commission.
The Chinese government said on Thursday that foreign securities, futures and insurance companies will be allowed to have a majority stake in their Chinese joint ventures this year, and by 2021 there will be no foreign shareholding limit for such businesses.
The China Huaiyang Cuisine Culture Museum [Photo by Chen Guangxi/for China Daily]
The Chinese futures market unveiled the yuan-denominated crude oil futures contract on March 26, the first of its kind that is open to overseas investors, setting a crude oil pricing benchmark that insiders believe better reflects supply and demand in China and Asia.
The Chinese government will ramp up efforts from various departments to accelerate the process of exporting crucial medical supplies to the world while strictly controlling product quality, said Zhang Qi, deputy director-general of the Department of Medical Device Regulation under the National Medical Products Administration.
The CUBIC will occupy a space of 150,000 square feet in the midst of Texas Medical Center and provide space for US companies seeking opportunities in China as well as for Chinese companies looking for markets, R&D cooperation or technology in the US.
淮南治肠易激医院
The Chinese mainland set up its first breast milk bank in Guangzhou in 2013. Other cities followed suit, including Shanghai, Chongqing, Nanjing and Beijing.
The Chenshan Botanic Garden, which was founded 10 years ago, sits in Songjiang district, Shanghai. [Photo provided to chinadaily.com.cn]
The China University of Geosciences in Wuhan, Central China's Hubei province, celebrated its 65th anniversary on Tuesday with an exhibition on the achievements of its mountaineering team, Hubei Daily reported on Wednesday.Established in 1958, the mountaineering team was the first in the world to independently reach peaks on each of the seven continents, as well as both poles, within 1,756 days between 2012 and 2016.
The Chinese authorities have suspended group tourism services. Authorities in other economies have imposed restrictions on Chinese travelers along with travelers coming from or related to the affected areas.