China Works on Anti-Money Laundering Laws

China is spreading the anti-money laundering net wider by speeding up work on legislation, which experts say is vital as the finance industry opens up further.

The People's Bank of China is soliciting public views on three draft regulations on banking, securities and futures, and insurance sectors, which will put the finance industry in the frontline of the anti-money laundering war. 

US Blocks UN Draft Pressing Israel to End Attacks

The United States has blocked a U.N. Security Council statement drafted by Arab nations and aimed at putting pressure on Israel to stop military strikes on Palestinian targets.

Washington does not have formal veto power when it comes to council statements. But it is able to block the draft single-handedly because council rules require that statements be unanimous and supported by all 15 of its members. 

China to Improve Industrial Safety as New Deaths Reported

A senior Chinese government official has called for more efforts to reduce fatal industrial accidents as reports of deaths continue to arrive.

Local governments are urged to continue efforts to resolve the issues of gas in coalmines, to rectify and close unlicensed or dangerous mines, while preventing the illegal reopening of mines that have been closed. 

Digital Newspaper to Be Tested by Belgian Daily

A Belgian newspaper will be the first in Europe to try out "digital paper" -- a thin screen displaying articles downloaded everyday from the Internet.

During a three-month trial period, from this month to the end of June, 200 test readers of Flemish financial daily De Tijd will receive a prototype developed by Phillips. 

Add Chaoyang Park to Your Holiday Tour Stop

The third year of the Chaoyang Pop Music Festival will be staged at Chaoyang Park in Beijing during the upcoming May Day Holiday.

This year's event features a lineup of A-list Chinese singers, including big names like supergirl Zhang Liangning, Taiwan singer Angela Zhang, Chinese veteran singer Pu Shu and the duo Yu Quan.