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IMF estimates the crisis to cost S1.4 trillion

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The International Monetary Fund on Tuesday called for a "collective commitment" by finance officials around the world to combat the current credit crisis.

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China may launch radical farmland reform soon

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Experts proposed radical land reforms to make land management rights transfers freer and liberate rural dwellers from being bound to their lands, ahead of the Communist Party of China's (CPC)'s most important annual meeting.

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China to pull back 40,000 troops from quake areas

China's president Hu Jintao has ordered the withdrawal of troops and armed police in different batches from quake-hit areas.

The rescue work in Sichuan and other quake-affected areas were almost finished and the main tasks now were reconstruction work.

The first batch of about 40,000 soldiers would leave on July 21.

Beijing Olympic 2008

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