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The Internet is expected to overtake newspapers in advertising revenues in China by 2012 as more and more advertisers take advantage of the country's booming online market, according to a new report by the Data Center of China Internet (DCCI).

Lost productivity from smoking-related health problems will hamper China's economic growth, and related costs incurred by smoking far exceed the tobacco industry's contribution in terms of profits and jobs it generates.

China is targeting a year-on-year rise of 15 percent in its book export revenue in 2011 amid stronger government efforts to promote Chinese printed publications globally.

China's property prices soared by almost 24 percent in 2010, Guangzhou Daily reported Tuesday, citing data from an unofficial research report.

Overseas tourists to Hainan province will be able to reclaim taxes paid on purchases, including clothes and cosmetics, from New Year's Day as part of plans to turn the tropical island into an international travel and shopping paradise.