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Fixed-asset private investment in China rose 25.8 percent year on year to 9.37 trillion yuan (1.48 trillion U.S. dollars) in the first six months of 2012, accounting for 62.2 percent of the country's total investment, which expanded 20.4 percent in the first half, according to data from the National Bureau of Statistics.

BEIJING, July 12 (Xinhua) -- The Beijing municipal government will tighten controls on officials' going abroad for training, as it aims to stop taxpayers money being wasted on overseas junkets.

Even though the gloomy market drove down the price-to-earnings ratio to a more rational level, the ratio was still higher than the average international level, said Sun Jin, a partner at PwC China.

Millions of netizens have shown their respect for Wu on major microblogging sites like Sina Weibo and QQ.com, asking authorities to find out how the accident happened and to take care of Wu's relatives.

Shandong has received little rainfall since May -- 72.5 percent less than average .