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BEIJING - China's insurance industry has kept its risks under control, with a sound solvency ratio, said the country's insurance regulator.

BEIJING - China plans to improve a subsidy bidding mechanism, newly launched this year, to lower subsidies in the solar photovoltaic (PV) sector, according to the National Energy Administration (NEA).

BEIJING - China will launch an inspection on shoddy steel products and excess steel capacity from May to June, according to the nation's top economic planner.

BEIJING - China's financial authorities announced the takeover of nine financial institutions for one year from Friday.

BEIJING - China saw a tourism boom during the three-day May Day holiday, with tourism consumption becoming more diversified, official data showed Tuesday.