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KUNMING, June 25 (Xinhua) -- At least four people have been killed and over 100 others injured after an earthquake hit a mountainous area in southwest China on Sunday, local authorities said on Monday.

According to a guideline published earlier in June by the State Council, or Cabinet, the pilot program plans to wipe out the existing financing mechanism of Chinese hospitals relying heavily on medicine sales while their services are undervalued.

Peng Wensheng, chief economist with the China International Capital Corporation Limited, told the newspaper that the central bank is highly likely to slash interest rates soon, and may further cut banks' reserve requirement ratio as many as three times within the year in an effort to stabilize real economy.

BEIJING, June 23 (Xinhua) -- China's Ministry of Railways said Saturday that the country's railways record over 7.1 million passenger trips on the first day of the three-day Dragon Boat Festival holiday that runs from June 22-24.

Last week, the retail price of eggs rose 0.6 percent from a week earlier, but remained down 5.4 percent from the same period last year.