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For some of the mobile game companies, for example, one of the reasons might be that the mobile payment is more mature in the overseas market, he said.

Chem99.com analyst Zhu Chunkai predicted the mechanism will take effect on Oct. 18.

BEIJING, Aug. 2 (Xinhua) -- China's central bank said Thursday it will take "the proper time" to fine-tune the country's monetary policy as the faster-than-expected slowing economy needs more cash.

Media reports claim that some schools have colluded with enterprises that supply food or food materials, resulting in funds being diverted from the free lunch program.

BEIJING, Sept. 23 (Xinhua) -- China will complete a new round of elections of lawmakers at county- and township-level by the end of 2012, with the last five provincial regions currently proceeding with their elections, a statement said on Sunday.