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BEIJING - China's lottery sales rose 12.2 percent year-on-year to 42.23 billion yuan ( billion) in October, official data showed.

BEIJING - China's economy is expected to revive in the second half of this year as the country retains huge market potential and ample policy room, experts said Thursday.

BEIJING - China saw a boom in e-commerce in rural areas last year as the rural population increasingly went online for business and shopping.

BEIJING - China's local governments have entrusted more of their basic pension funds for more diverse, higher-return investments as the country tackles the challenge of an aging society, an official said Friday. By the end of June, eight provincial-level regions had signed contracts to entrust a total of 410 billion yuan (about billion) in pension funds to the National Council for Social Security Fund (NCSSF), Lu Aihong with the the Ministry of Human Resources and Social Security told a news conference. Of the total, 172.2 billion yuan of pension funds had been transferred for investment, with the rest to be in place in line with the contracts, Lu said. The eight regions are the cities of Beijing and Shanghai, Henan, Hubei, Guangxi, Yunnan, Shaanxi and Anhui provinces. More regions will join at a later stage, according to Lu. An evaluation system on investment performance will be established, while information transparency will be enhanced, Lu said.

BEIJING - China's car production and sales are both expected to recover in the next half of this year as car dealers have ratcheted up promotion before new emission standards took effect in some regions ahead of schedule, the China Securities Journal reported Thursday.