BEIJING, May 6 (Xinhua) -- The Chinese government has established a goal of having green buildings account for 30 percent of new construction projects by 2020, according to an official document released Sunday. The document, which was jointly released by the Ministry of Finance and the Ministry of Housing and Urban-Rural Development, marks the first time for China to set a goal for the development of green buildings. read more
ACBW Feature Articles
China provides dictionaries for rural students
BEIJING, May 6 (Xinhua) -- China's General Administration of Press and Publication has urged further efforts to ensure the accessibility of dictionaries for the students in the country's rural and less-developed areas. read more
Falling costs prompt China to cut solar projects grant by over 20 per cent
CHINA has cut a subsidy for solar projects under a demonstration program this year by more than 20 percent to reflect falling costs of photovoltaic system installations. read more
National Australia Bank to slash 1,400 jobs in Britain
NATIONAL Australia Bank today said it plans to restructure its struggling British business, slashing more than 1,400 jobs at the loss-making arm by 2015. The announcement came as Australia's fourth biggest bank said its unaudited first-half net profit fell to Aus$2.05 billion (US$2.14 billion) in the six months to March 31, 15.6 percent below the previous corresponding period. read more
Chinese can swipe UnionPay cards in Czech
CHINA UnionPay, the country's sole bank card transaction firm, has reached an agreement with Komerceni Banka (Czech Commercial Bank) to allow its card holders to withdraw Czech currency from nearly 700 automatic teller machines the bank operates. read more
MasterCard posts bigger Q1 profit
A MasterCard sign is seen on a revolving door in New York. MasterCard yesterday said its firstquarter profit rose 25 percent on a big spike in card use overseas. Its net income was US$682 million, or US$5.36 per share, on revenue of US$1.8 billion. read more
Draft law to crack down on illegal foreign nationals in China
Along with the increasing prosperity of Chinese society, growing numbers of foreign nationals have overstayed their visas and are working illegally in the country, leading the authorities to plan to enact legislation to crack down on illegal workers from overseas. Those who reside illegally in the country undertake various jobs, such as tour guides or English teachers at language institutions. Some, however, depend on the support of their friends for their livelihood. read more
Premier and Consul General PRC to present Keynote Address at Australia-China BusinessWeek 2012 Luncheon
3 May 2012 Melbourne –Today, the bilateral relationship between Australia and China is of critical importance for both countries, and the past 40 years has witnessed the construction of deep networks of relations across the spheres of trade, culture and politics. Indeed, for Australia, there is no more important country economically. read more
ZTE to expand government and enterprise networks business
Networks for governments and large enterprises made up the most rapidly growing segment last year for ZTE, a Chinese provider of telecommunications equipment and network solutions. The company's annual sales reached 8.8 billion yuan (US$1.4 billion) last year, year-on-year growth of 89% and accounting for 10% of total revenues, the Chinese-language 21st Century Business Herald reported. Yet these sales failed to meet the company's ambitious goals. read more
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