Here are some of the current events in China:

Big banks in China are pacing towards cutting back the lending to the projects of local government. They are doing it by demarcating the line between 2 aspects. One is the risk about the financial system and by keeping the money flow to the boom of infrastructure, which gives support to the economy of China.

The net profit falls about 62% of China Unicom. It is the first half of the net profit by Unicom, which dropped as compare 2 the earlier year. It is because of the increased purchasing of mobile handsets, since the Chinese govt. gave award to the third generation mobile services in January 2009.

During the global economic recession the government of China measured stimulus in order to encourage car purchasing. It made the China the world's biggest auto-market instead of U.S. in 2009. Car sales were fast in early 2010, but gradually decreased in its rates. It is because Chinese govt. has reduced its incentives. Because of that 3 car makers of China produced strong earnings growth. It is by the power of Beijing's stimulus measures to encourage car sales.

Lenove Group Ltd. is promoting the development of a new videogame console by investing it. Jay Chen spokesman of Lenove said that they see the game consoles with the potential of growth.

Almost 42 people died in a plane crash in China at 10:10 pm on Tuesday. Plane had 91 passengers. News agency of Xinhua stated that it happened at Yinchuan because of the thick fog in northeastern China. Yet the cause of crash is not yet confirmed. Most of the people died and some are seriously injured but the exact numbers are not confirmed as well.

A deadly earthquake hit Western China, leaving 100s dead and hundred thousand injured. It was a deadly and chaotic scene, as a series of strong and deadly earth quake struck. It was of 6.9 magnitudes.

China's most successful director Feng Xiao gang tells about his coming new blockbuster ‘Aftershock' is about the 2 earthquake. The film is very moving and even on the Premier this month, thousands of viewers were crying. People are expecting this film by Feng again the great hit after his earlier romantic comedy blockbuster ‘If You Are the One'.

If you are crazy about moon cakes you have good news about it that this season on 22 Sep. at Mid-Autumn Festival there are some new crops are coming after the delicious custard cream, chocolate & durian.

China is going to give an ease to foreigner exporters to keep some of their foreign currencies, which were demanded earlier to convert into the local currency.