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SHANGHAI — Shanghai's consumer quality watchdog on Thursday said it has asked IKEA Group to investigate product safety and consider a recall after similar action was taken in North America.

SOE business revenue totaled 8.3 trillion yuan during the period, up 11.2 percent from a year earlier. Operating costs went up 10.6 percent to 8.1 trillion yuan.

SEOUL - A group of the Republic of Korea's (ROK) civilian activists made a two-day visit to the Democratic People's Republic of Korea (DPRK) on Tuesday to hold a new year's event jointly with their DPRK counterparts.

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SANTIAGO - China and Chile have agreed to upgrade their free trade agreement (FTA), a move that will boost both economies, a former official of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) told Xinhua.

SOEs have turned out to be a rational way to deal with some of the most difficult contradictions of microeconomics: How can a nation prevent large firms in naturally monopolistic industries from exploiting their power over consumers while at the same time taking advantage of economies of scale? How can a country make very long-term, large capital investments in infrastructure or technology development that benefit the country but are not attractive to private investors? How can a country incentivize companies to consider concepts of total social benefit in their plans?

Ruzi Mollak, a farmer in Aksu prefecture, goes to the mosque near his home every day to make his prayers. He said that the air conditioning makes the mosque cooler than his home.

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SHIJIAZHUANG - North China's Hebei province saw .72 billion of foreign direct investment (FDI) in the first five months of this year, up 19.2 percent year-on-year, authorities said Thursday.

SHANGHAI - The International Association of Amusement Parks and Attractions (IAAPA) Monday established its first office on the Chinese mainland, in Shanghai.

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