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BEIJING - More than 11.29 million passenger trips were made through China's railway network Saturday, the first day of the three-day New Year's Day holiday, data from the China Railway Corporation showed Sunday.

BEIJING - Profits at China's state-owned enterprises (SOEs) continued steady growth in the first quarter, but at a slower pace, data showed Thursday.

BEIJING - Morgan Stanley raised its forecast on the pace of China's economic expansion for this year and 2019 in its latest research note, saying growth had become more sustainable and less reliant on credit.

BEIJING - The People's Bank of China, the central bank, announced on Friday to cut the cash amount reserved in some rural and city commercial banks, or the reserve requirement ratio, by 1 percentage point, with drops of 0.5 percentage points each on April 15 and May .

BEIJING - Chinese lawmakers are drafting a bill on the use of the national anthem, the Commission for Legislative Affairs of the National People's Congress (NPC) Standing Committee said Monday. The draft law is expected to be submitted for its first reading at the bimonthly session of the NPC Standing Committee scheduled for June. China adopted laws covering its national flag and national emblem in 1990 and 1991 respectively. The national anthem is "March of the Volunteers," with lyrics by poet Tian Han and music composed by Nie Er. Authorities issued a regulation on proper etiquette for the national anthem in 2014, banning the song from being performed at weddings, funerals and entertainment activities such as balls or other non-political functions. Under China's Advertisement Law, the national anthem is off limits to advertisers.