By placing the flower industry, along with several others, far from the coastal provinces that have enjoyed most of the nation’s prosperity, Beijing officials hope to bring jobs to tens of millions of impoverished, isolated workers in a bid to narrow the income gap between rich city dwellers and unemployed farmers, The New York Times reported.

YeePay, a provider of innovative e-payment services based on Internet, mobile and telephone in China, today announced in a statement the completion of a round of financing led by Draper Fisher Jurvetson, DFJ Dragon and joined by Intel Capital China, WR Hambrecht and several other institutional investors.

Yunnan’s flower production sector has extended its influence from traditional markets to overseas, China News reported. 

Yunnan Copper, the third largest metal producer in China, aims to boosts its copper mining output to cover half of its ore demand in five years, up from a third, The Standard reported.

Mengniu registered “Sour sour milk”, which literally means 'yogurt' in Chinese, as a patent, which stirred up legal battles between the company and other dairy giants, China Youth Daily reported.

Yanzhou Coal Mining plans to acquire a Shanxi mine from its controlling sareholder for 733 million yuan (91.6 million US dollars) to boost its coal reserves, The Standard reported.

A new report said that the Yangtze Delta region's consumables and retail sector's market has exceeded 10,000 million yuan, showing the expansion of retail sector is faster than the region's GDP, China Business News reported.

Yunnan government said that the province wants to develop a logistics centre that is well-connected to Southeast Asia over the next three to five years, China News reported.

A Chinese official said that the best solution to China's balance of payments issue is to allow the national currency, the yuan, to appreciate, People’s Daily reported, citing the China Securities Journal.

Chinese economists say that a stable revaluation of yuan is an efficient way to improve the current national and foreign imbalance but the yearly revaluation should not exceed 3 to 4% this year, reports China Securities Journal.