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BEIJING, Jan. 2 (Xinhua) -- A newly revised road regulation paid off on Jan. 1, the first day it took effect, as many Chinese cities reported a sharp decrease in urban traffic violations, according to the Ministry of Public Security.

BEIJING, Jan. 24 (Xinhua) -- Beijing will maintain its license plate lottery scheme next year, as well as cap the number of registered cars at 240,000, a local official said Thursday.

But companies are still eager to issue IPOs. Nearly 900 companies were waiting to get IPO approval as of February, according to CSRC figures.

The upcoming Doha conference is key for maintaining the basic legal framework of the Kyoto Protocol. A detailed agenda needs to be fixed in order to make definite arrangements for the implementation and enforcement of the second commitment period of the Kyoto Protocol and to ensure that the second commitment period is implemented on Jan. 1, 2013.

Since 2001, the government has made six attempts to clean up the administrative approval system, which has caused unnecessary government intervention in small business, power abuses and corruption.