"China is shifting from a high-carbon economy to a low-carbon economy, and in financial terms it is not easy," Mabey says, explaining that now much of China's financial resources are flowing into highly profitable but environmentally questionable sectors such as the coal industry. To redirect the fi...

China Railway Group Ltd, one of the country's two biggest railway builders, said on Tuesday its units had won 14 construction contracts worth 24.2 billion yuan ($3.95 billion). The contracts include the Huaihua-Shaoyang-Hengyang rail line in Hunan province, with an overall value of 6.48 billion yuan...

Joint conference system approved The State Council, China's cabinet, has approved establishing a joint conference system for social assistance, according to a statement on the government's website on Sept 10. The inter-ministerial system, to be led by the Ministry of Civil Affairs, is aimed at enhan...

China will spend 120 billion yuan to build a second railway traversing the northwestern Xinjiang Uygur autonomous region, according to information from a meeting of the Xinjiang committee of the Communist Party of China.Construction is expected to begin next year, with investment from the central an...