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Hang Seng dips Shanghai edges up
(1 hr 1 min ago) Stocks in Hong Kong opened 0.74 percent lower as investors awaited a Federal Reserve meeting for clues on whether it will soon start to reel in its massive stimulus spending. The benchmark Hang Seng Index fell 156.54 points to 21,069.36 in the first minutes of trade. In Shanghai shares were up slightly in early trading, lifted by overnight gains in US stocks, dealers said. The ...
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China foreign investment inflows rise 0.3 in May
HONG KONG (MarketWatch) -- China received $9.26 billion in foreign direct investment in May, 0.3% higher than in the year-earlier period, according to a Xinhua news report Tuesday citing official data. The inbound investment took the total FDI that China attracted in the first five months of 2013 to $47.6 billion, 1% more than the country received in the same period of 2012. The rise in May FDI ...
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Hong Kong stocks off as China banks property down
HONG KONG (MarketWatch) -- Hong Kong stocks on Tuesday pulled back after a two-day rally amid uncertainty over the pace of the U.S. Federal Reserve's bond purchases, with Chinese property developers dropping after another strong monthly increase in home prices on the mainland. The Hang Seng ...
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China home prices rise further in May
LOS ANGELES (MarketWatch) -- Chinese housing prices in the nation's largest cities maintained their upward trend in May, according to data out Tuesday from the National Bureau of Statistics. In its survey covering the 70 large and medium-sized urban centers, 65 showed gains for newly built homes during May, while 3 showed declines and 2 were flat. Compared to May 2012, all but one city ...
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Heartland Institute gets called on their shameless revisionism—by the Chinese
The Boulder Glacier retreated 450 m (1,480 ft) from 1987 to 2003. Click for more info on receding glaciers The Heartland Institute is a fossil-fuel front tasked with convincing as many people as possible to ignore their lying eyes. They were originally cooked up in 1984 to downplay the dangers of tobacco use. When last we heard from ...
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Chengguan learn a lesson from peddlers
/enpproperty--> Two urban management officers, or chengguan, who disguised themselves as street vendors in Wuhan over the past month, intended to experience the life of peddlers in order to improve law enforcement in the city, local authorities said on Monday. The urban management bureau of Hongshan district in the capital of Hubei province confirmed on Monday that the two people identified ...
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Sedan becomes ministers car
Foreign Minister Wang Yi has turned to a Hongqi H7 sedan as his official car, which experts said is a sign Chinese officials are setting their sights on national brands. Wang's sedan was put into use on Monday, according to the ministry's official micro blog. The message was forwarded more than 2,500 times in three hours, and was quoted by major Chinese media. The Hongqi H7 sedan, ...
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China Railway to launch door-to-door services in Hainan other provinces
Rail freight volume in China dropped 0.7 per cent on year to 3.9 billion tonnes last year. Photo: EPA The central government plans to reform its railway freight industry to boost efficiency and drive down costs in the fragmented logistics sector. The reforms, which took effect on Saturday, are expected to simplify railway freight procedures and provide customers with better service. The ...
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Investor urges Smithfield Foods to kill Chinese buyout
Smithfield Foods Inc. ’s largest investors would like to chop up America’s biggest pork producer and sell it piece-by-piece, with representatives urging the board of directors to kill a planned $4.7 billion buyout by a Chinese company that they say ';significantly understates'; the company’s value.In a letter Monday ...
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Man Involved in Hong Kong Assault Had Ties to Communist Front Group
A man suspected of beating an elderly man with a chair was ordered into a Hong Kong prison on Monday. Prior to that, he admitted that he was working under the aegis of the Hong Kong Youth Care Association, a front group associated with an extralegal agency run by the Chinese Communist Party. Guan Ziang, 39, was charged for being one of four men to assault a 53-year-old Mr. Chen on June 6, when ...
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Indonesia Chinas Guangxi to expand cooperation in exclusive economic zone
The governments of Indonesia and China's Guangxi Zhuang Autonomous Region have planned to widen cooperation in building exclusive economic zones in both countries, an Indonesian minister said here on Monday.The plan was unveiled at a meeting between Peng Qinghua, secretary of Guangxi Zhuang Autonomous Region CPC Committee, and Indonesian President Susilo Bambang Yudhoyono at the State of ...
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Chinese premier stresses supervision through auditing
Chinese Premier Li Keqiang on Monday stressed the role of auditing in ensuring the effective use of public funds and facilitating the implementation of macro-control policies.Li made the comments while visiting the National Audit Office (NAO) and holding discussions with its staff.In the face of economic headwinds and slower growth for fiscal revenues, China must strengthen supervision through ...
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Eriksson Coaching in China his biggest challenge
It certainly recalled the memory of Sven-Goran Eriksson's memories from the "good old days" in Italy and England, when he was surrounded by journalists and fans."This will be one of the biggest challenges in my coaching career," Eriksson, who took rein of the Chinese Super League side Guangzhou Fuli 12 days ago, made his debut speech to more than 50 journalists here on ...
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Korean Air Increases Frequency to Canada and China
Korean Air, South Korea’s flagship airline, has announced to increase frequency on its routes to Canada and China. From 20 June, the current five flights a week between Seoul/Incheon and Vancouver will be increased to daily flights, with flights to Toronto also increased to daily from 24 June. The flights between Seoul/Incheon and the Chinese destination Jinan will increase from four ...
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Philippines Taiwan on way to mending relations
The Philippines and Taiwan are on the way to restoring their good relations after Friday's breakthrough fishery meeting aimed at preventing the recurrence of violent confrontations in overlapping waters, Manila's representative to Taipei said Monday. Representatives of the two countries are meeting again in early July to continue negotiating on fishing operations in their overlapping ...
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Im Not a Spy for China Snowden
Edward Snowden, the former National Security Agency contractor who exposed the U.S. government's top-secret surveillance programs, fought back against his critics on Monday and denied allegations that he was a spy for China. Snowden told an online forum run by Britain's Guardian newspaper that he revealed the programs in part out of disappointment with President Barack Obama, who he ...
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Beijing hukou for Chinas migrant soldiers
The Beijing municipal authority issued a new policy for military conscription from universities in the Chinese capital city, the Beijing News ...
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China Supercomputer Tianhe-2 Claims Fastest Computer Title
A Chinese supercomputer – the Tianhe-2 – has leapt to the top of the latest Top 500 List, which tracks the fastest supercomputers in the world. The Tianhe-2 (or ';Milky Way-2″), which became fully operational two years ahead of schedule, clocks in at an astounding 33.86 petaflops per second. A petaflop is one trillion calculations. The Tianhe-2 is over 20 billion times as ...
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Hong Kong shares to open down 0.6 pct GCL-Poly Energy plunges
HONG KONG, June 18 | Mon Jun 17, 2013 9:25pm EDT HONG KONG, June 18 (Reuters) - Hong Kong shares were poised to start lower on Tuesday, with GCL-Poly Energy Holdings diving 11.4 percent, more than the 9.1 percent discount from its Monday close on news that a substantial shareholder priced a stake sale. The Hang Seng Index was set to open down 0.6 percent at 21,102.6 points. The China ...
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Hospitals in China Advertise Sale of Unwanted Babies
A nurse massages babies at the Xining Children Hospital in Xining City, Qinghai Province. Hospitals in Henan Province have been advertising the selling of unwanted babies, according to a report by China National Radio. (Getty ...
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Chinese investors look to broaden their African portfolios
Mahamat Mouta Djirabi, a Chadian, walks through the hotel lobby of the New York Forum Africa conference carefully searching for participants to connect with. He stops at a group of Chinese people and starts pulling out promotional materials from his suitcase. Djirabi looks prepared as he talks slowly in English to the Chinese. After briefly introducing himself as an investment promotion ...
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China reduces US debt holding by less than 0.5
/enpproperty--> China, the largest foreign buyer of US Treasury securities, trimmed its holdings by $5.4 billion to $1.26 trillion between April and March, as foreign investors generally dumped US government debt, the US Treasury said. The reduction in China's US debt holdings by just under half of one percentage point was part of the first overall drop in foreign demand for US ...
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True or Faked Dirt on Chinese Fuels Blackmail
SHUANGFENG, China ...
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Pact doesnt seek to exclude China
/enpproperty--> The controversial Trans-Pacific Partnership continues to be fanned by speculation about the reasons behind an apparent intentional exclusion of China, led by the United States - but some suggest the argument falls flat for two reasons. Opponents of the "containment" theory find it difficult to conceive of a comprehensive Asia-Pacific trade pact that excludes ...
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Beijing luxury property market rebounds in May
/enpproperty--> Sales of domestic upmarket properties seem immune to the tightening policies that aim to rein in rampant housing price hikes and deter speculation, as both transaction volumes and the sales prices of Beijing's luxury apartments soared in May from April. A total of 82 luxury apartments priced at more than 15 million yuan ($2.45 million) were traded in May in the ...
Shanghai Focus
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Shanghai looking ahead to future
Shanghai is the commercial capital of China and the most populous city in the People’s Republic, with origins as a small fishing village, the city has grown into a global city with fingers that stretch across the world, exerting global influence over international cultural, commercial and political scenes. With major projects and programs underway, the future looks bright for Shanghai.
It was recently reported by international, Chinese and Shanghai news media that China had eclipsed Japan as the second-largest economy in the world. China’s GDP and economic activity has surpassed that of Japan for many decades, but the announcement was made on the back of a range of factors including imports and exports and the human development index within major cities such as Shanghai. Read more
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