China's State Council reemphasized the importance of further development of the country's travel, culture, sports, health and education sectors in an official statement, encouraging social and private capital to deepen investment in them. Private capital is encouraged to improve service quality and supply in what the Chinese cabinet calls "Happiness Industries," according to a statement […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.