A company of one of China’s most-wanted fugitives Guo Wengui has been fined 150 million yuan ($22.3 million) for crimes of fraudulently obtaining loans and bill acceptance, according to a court ruling issued Friday.

Two employees of Henan Yuda Real Estate Company were sentenced to prison terms ranging from 18 months to two years and another employee was exempted from criminal penalty, according to Kaifeng City Intermediate People’s Court.

The defendants said they committed the crimes under direction from Guo Wengui.

Guo, the “actual controlling shareholder” of the company, fled China under suspicion of multiple crimes in August 2014 and is currently listed under an Interpol “red notice” for wanted fugitives.

China has published its first encyclopedia of its 56 ethnic groups.

The 15-volume encyclopedia has more than 45,000 entries and 6,400 color images. It deals mainly with the history, politics, military, religions and customs of the ethnic groups.

The Han ethnic group makes up around 91% of the total population, according to the 2010 census.

Some 1,000 researchers have been involved in compiling the encyclopedia since 1997, according to the editor-in-chief Li Dezhu.

Late ethnologist Fei Xiaotong, also honorary editor-in-chief, said in the foreword that the book will open a window for the world to understand China’s ethnic groups.

Fei passed away in 2005.

The first high-speed railway in the Inner Mongolia autonomous region was opened on Thursday.

An attendant serves a passenger on a high-speed train at Hohhot East Train Station in the Inner Mongolia autonomous region on Thursday morning.[Photo/China Daily]

According to China Railway Corp, the national railway operator, the new line has reduced the fastest rail journey between Ulanqab and Hohhot, the capital, from 56 minutes to 39 minutes. The cheapest ticket costs 44 yuan ($6.7).

The bullet train runs at 250 kilometers per hour. Ten bullet train services are scheduled daily.

The new 126-km line will be part of a 286.8-km high-speed railway that will connect Hohhot with Zhangjiakou, co-host of the 2022 Olympic Winter Games, in Hebei province.

The finished railway, with a designed speed of 250 km/h, will be a major artery in North China upon its completion.

It is expected to be finished and put into service next year. At that time, the Zhangjiakou-Hohhot high-speed rail will be connected to the Beijing-Zhangjiakou railway, which is currently under construction. Travel time from Hohhot to Beijing will be reduced from an average nine hours to less than three hours.

Last year, China’s high-speed network reached 22,000 km, accounting for 65 percent of the world’s total high-speed rail.

According to a plan released by the National Development and Reform Commission in July last year, China will expand high-speed rail to 30,000 km by 2020, linking 80 percent of its major cities. By 2030, the network is planned to link all cities with populations of more than 500,000.