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BEIJING - Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Monday congratulated the groundbreaking ceremony of Julius Nyerere Leadership School in Tanzania.

BEIJING - Private equity (PE) investment in China picked up momentum in tandem with the ongoing economic restructuring, in which emerging sectors provide better investment returns and have become new pillars of the world's second-largest economy.

BEIJING -- China's central budget has allocated 208 million yuan (about .32 million) to seven provincial-level regions to help them cope with droughts or floods, the Ministry of Finance said Wednesday.

BEIJING -- China's lottery sales rose 11.3 percent year on year to 37.65 billion yuan ($about 5.7 billion) in October, according to the Ministry of Finance.

BEIJING - The Chinese mainland has removed 37.53 billion yuan (.32 billion) of tariffs from goods of Taiwan as of June this year since an early harvest program of a cross-Strait economic pact took effect in 2011, a mainland spokesperson said Wednesday.