Detroit has become the largest US city ever to file for bankruptcy. The move came after an emergency manager couldn't get creditors to sign on to a restructuring plan. The largest city in the State of Michigan is saddled with more than 18-billion-US-...
The latest government figures are suggesting the prices of both new and existing homes are continuing to rise in most Chinese cities, adding additional stress on the government in its attempt to try to control the housing market. CRI's Su Yi has the...
Russian opposition leader Alexei Navalny has been convicted of embezzlement and sentenced to 5 years in prison. Navalny is denying the charge, he's insisting he was brought to trial because of his opposition to President Vladimir Putin. Navalny has b...
China's food and drug watchdog has formally ushered in a nationwide crackdown on the sale of illegal medicine. It comes just days after police detained four senior executives from GlaxoSmithKline's Chinese operations. The four executives are being he...
Here in China the housing maintenance fund is also known as the pension for apartments. Apparently, the fund is to be used for the maintenance and repair of property. However, applying to use the money is an extremely difficulty process. Li Dong has...
Nelson Mandela has been in hospital since June 8, where he is being treated for a recurring lung infection. Today, people from all walks of life in South Africa will gather in front of the hospital to pray for the former president's quick recovery an...
EU foreign policy chief Catherine Ashton is calling for the release of ousted Egyptian President Mohamed Morsi if there are no charges against him. Ashton also says all other political figures currently being detained should also be released if they...
A new pledge by the authorities here in China to expand property taxes is drawing warnings by some observers, who are warning the government not to misuse the property tax program to artificially push down housing prices. CRI's Shen Chengcheng explai...
A Chinese lawyer is now consulting the families of the three Chinese teenagers killed in the crash landing of the Asiana Airlines flight in San Francisco earlier this month. CRI's Xie Zhao has more. A total of 141 Chinese were among the 291 passenger...
Chinese President Xi Jinping has issued a new call for a greater focus on scientific innovation, saying it should be the driving force for China's development. Xi Jinping's comments have been made during a stop at the Chinese Academy of Sciences. He...
