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The job scenario in cities for migrant workers is far less bleak than originally forecast, the government said, citing an extensive nationwide survey.

Two high-speed railways opening on April 1 will dramatically slash travel time between the hinterland and the coastal regions, a senior railway official said.

Financial services mergers and acquisitions (M&As) in Asia will be more active this year as most of the Chinese financial institutions are exploring opportunities to expand their businesses.

On the eve of 2008 earnings announcements from China's top three State-controlled banks, analysts predicted that stricter provisions against doubtful loans could depress profit growth.

Private equity and venture capital firms have substantially slowed their investment in China according a recent report from Chinese market research company Zero2IPO Group.