China's central bank to maintain prudent monetary policy
China's central bank has announced that it will continue its prudent monetary policy in the new year.
The PBOC say it will use various monetary tools to maintain adequate liquidity and reasonable growth in credit.
At the same time, the central bank says it will closely watch international capital flows while composing its monetary policies.
China's inflation rate in the past few months has consistently come around 2 percent.
South China Plant Blasts Kill 17, Injure 33
Seventeen people are dead following a factory explosion in the city of Foshan in Guangdong this morning.
At least 33 others have been injured after the manufacturing plant was hit by a series of blasts.
Three of the injured are said to be in critical condition.
Sixteen others are being treated for serious injuries.
The cause of the explosion remains unclear at this point.
The province of Guangdong is home to one of China's largest manufacturing bases.
Foshan is known as a city which deals with a lot of heavy-industry.
Two more police officers arrested for beating migrant worker to death
Two more police officers have been arrested in connection with the highly-publicized death of a migrant worker earlier this month in Shanxi.
The special prosecutors tasked with investigating the case have arrested the two additional officers for abuse of power.
Another police officer, seen in video standing on the hair of the 47-year old migrant worker, was arrested earlier this week for allegedly causing her "unnatural death."
The victim was among a group of 10 migrant workers trying to access their construction site in Shanxi's provincial capital, Taiyuan, to demand their back pay.
They were stopped by security.
A massive fight then broke out involving police and the workers, leading to the woman's death, as well as injuries to a number of others.
The case has garnered national attention amid public concern about the abuse of power by police in dealing with disputes.
Former Xinjiang governor Nur Bekri to Head the Country's Energy Watchdog
The governor of Xinjiang is being tapped to take over as head of China's leading energy watchdog.
Nur Bekri is going to replace Wu Xinxiong as the new chief of the China Administration of Energy.
Bekri is set to become the first ethnic Uighur to head the country's energy regulator.
He's also taking over as a vice chair with the National Development and Reform Commission.
Xinjiang, which Bekri has been running, is home to China's largest oil and gas reserves.
Death toll by tropical storm Jangmi rises to 53 in Philippines
The death toll from tropical storm Jangmi in the Philippines has climbed to 53.
Eight others are listed as missing.
The storm rolled through the main portion of the central Philippines on Tuesday, but has since paused, bringing heavy storm surges and gusts to Philippine-controlled islands to the west of the archipelago's main islands.
Jangmi has since been downgraded to a tropical depression.
However, it's still packing winds of 65-kilometers per hour.
The storm has forced the cancellation of a number of flights, as well as cutting off several roads, despite it dying out over the southern part of the South China Sea.