China's central bank has cut interest rates for the second time this year, amid a continuing economic slowdown.
It lowered its benchmark rate by 25 basis points to 5.1%, saying the move was aimed at boosting development.
The news came on Mother's Day, and so netizens were all hyped up by saying that PBOC is the sweetest mom. How big is the cut? What's the cut for?
Topic2 Alibaba, Tencent Expand into Innovative Access
Two of China's largest Internet companies, Alibaba and Tencent, have responded to Chinese government calls for more online innovation by expanding into local government and business incubator services.
In many areas of public service, from public transit information portals to online marriage license registration services, Tencent and Alibaba have been competing fiercely for local government contracts.
What's the situation?
Topic3 Why Chinese Students are Quiet in Classrooms
Answering teacher's questions should have been natural to students. However, a professor of Nanjing Normal University had to offer a 100-yuan reward in order to get a response.
What happened? Is it representative?
Topic4 Why Viagra sales are surging in China
Pharmaceutical giant Pfizer says sales of Viagra rose 47% in China last year, making the Chinese market a rare bright spot for the brand.
Why should we care?
