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According to a green paper on China's housing sector released by the Chinese Academy of Social Sciences (CASS) on Thursday, the academy is worried that many indexes of the country's housing market have shown rising trends in recent months.

BEIJING, Jan. 9 (Xinhua) -- Chinese authorities have decided to raise the pension for corporate retirees by 10 percent to cope with the rising cost of living, according to a cabinet meeting on Wednesday.

At 4:20 p.m., metro builders found land subsiding near the project site and helped evacuate the area. Afterwards, the ground sank and buildings collapsed, Guangzhou Metro said.

The adjustment in the luxury brand market was expected given its rapid market expansion in China in recent years and the effect of the country's anti-corruption move, said Zhou.

BEIJING, March 5 (Xinhua) -- Chinese leaders stressed on Tuesday that development in urban and rural regions must be integrated and urbanization should be carried out in an orderly way.