Wang Yang meets with newly-appointed Korean ambassador to China
Yesterday afternoon (1st), Guangdong CPC Committee Secretary, Wang Yang, met with newly-appointed Korean ambassador to China, Mr. Yu Woo Ik, in Guangzhou. During the meeting, the ambassador revealed that in the near future the embassy will focus on forging a deeper cooperation with Guangdong in the field of high technology but also hold a Korea-Guangdong trade cooperation forum.

photo from:people.com.cn

Japan admits war 'act of agression'
Japan admitted in a long-awaited report from the joint history study with China on Sunday that the 1937-1945 Sino-Japanese war was an "act of aggression", but the two neighbors are still at odds on a number of issues, such as the death toll of the 1937 Nanjing Massacre. Bu Ping, Chinese chief commissioner of the joint research, told China Daily yesterday that despite the divergence, the report carries great importance for improving mutual understanding, especially as it is just the first of such joint studies. The release of the 530-page report, covering ancient, medieval and modern history, marked the end of the project. A second stage is scheduled to begin soon.

Banks in Guangzhou re-open their property loans service
Many banks in Guangzhou yesterday (1st) re-opened their property loans service after suspending operations in mid-January when the banks reached the limit of what they can lend out each month. These banks include the Bank of China, the China Construction Bank and so on. Experts can not yet predict if banks will again have to suspend their services this month