Latest China News
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China vows to liberalise interest rates
yuan currency more responsive to market forces and more convertible this year, the government said on Friday. China will draft plans on a deposit insurance system and quicken the development of private financial institutions, according to guidelines on reforms for 2013 drafted by the National and Development and Reform Commission ...
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Liberia Pr China or India - Who Takes Wologisi Mountain
The Government of the People's Republic of China has expressed interest in exploiting the Wologisi Mountain in Lofa County, northwestern Liberia, amidst reports here that an Indian company O.P. Jindal Group has similar interest. Chinese Ambassador Zhao Jianhua, told a news conference Thursday in Monrovia that the Wologisi Mountain is China's interest, but there is yet no formal ...
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Shenzhen official relieved of post
/enpproperty--> An official from Shenzhen has been relieved of his post after he was accused of acting indecently toward a male hotel attendant in Taiwan. Li Pingshan, discipline committee secretary and director of the comprehensive office of Longgang neighborhood committee in Shenzhen's Longgang district, is now under investigation by relevant departments, said a press release from ...
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RPT-Fitch Macao Banks Rapid China Growth Alters Risk Profiles
Fri May 24, 2013 5:49am EDT (Repeat for additional subscribers) May 24 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings says in a new report that Macao banks could see their risk profiles weaken as their exposure to China continues to climb. The agency expects credit growth to accelerate to 30% in 2013 (2012: 26%), primarily led by China-related trade ...
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Chinas premier Li Keqiang in Pakistan
By Syed Fazl-e-Haider KARACHI - Pakistan and China on Wednesday agreed to jointly work on an economic corridor for enhanced connectivity, with the two countries signing a series of agreements related to energy, technology and space during the first visit to Pakistan by China's premier Li Keqiang since he took office in March. Even so, local critics claimed Pakistan was of little ...
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News Analysis Beijing Signals a Shift on Economic Policy
SHANGHAI ...
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Deadly rainstorms landslides that claim dozens continue to batter S.China
The rainstorm has damaged thousands of homes and flooded city streets with up to five feet of water. Yesterday, a massive lightning strike was seen over Zhuhai, in Guangdong province. Two people in the region have died since Saturday, bringing the death toll from rainstorms to 36 this year, according to Chinese state news agency ...
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Sanya secure top spot in Chinas most preferred MICE destinations
Barely a decade since the first international hotel reached its shores, the tropical resort city of Sanya on Hainan Island has further flexed its tourism muscles to secure the top spot in China’s most preferred MICE destinations. With all the planned developments in Yalong Bay completed, Sanya is identifying its next hotbed of growth and grooming itself for another round of swanky ...
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Chinas first lady Peng Liyuan among worlds most powerful women
China's first lady Peng Liyuan has made it onto Forbes' list of the world's 100 most powerful women. The magazine complimented Peng for the impact she had in changing the image of China. Her Made-in-China fashion statement caught the attention of the world when she traveled with President Xi Jinping during his recent official trips abroad. Germany's Chancellor Angela ...
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Hainan Airlines and China Southern Airlines confirm Boeing 787s orders
CHINESE regulators have approved the Boeing 787 to fly in the country, a move that opens up a large potential market to the US aerospace giant. "I can confirm that the Civil Aviation Administration of China has granted type certification for the 787 Dreamliner," a Boeing spokesman said on Thursday. Chinese airlines have yet to take delivery of the high-tech 787, which last month ...
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Rosy China growth forecasts fade on further signs of slowdown
Reuters © A newly built residential compound is seen from the demolition site of an old village on the outskirts of Beijing May 23, 2013. REUTERS/Kim ...
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Chinas Air Pollution Is The Government Willing To Act
Skyscrapers are obscured by heavy haze in Beijing on Jan. 13. Air pollution remains a serious, sometimes overwhelming, problem, but researchers say environmental technology is available to solve ...
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Despite lousy weather initial Art Basel Hong Kong draws global collectors
HONG KONG -- Despite severe thunderstorms and flooding that closed schools and suspended subway service, art collectors from across Asia and the world streamed into the Hong Kong Convention Center Wednesday for Art Basel’s first branded fair in this eastern megalopolis port. A $2 million wall-sized Yoyoi Kusama painting, a postcard-sized Gerhard Richter painting priced at $50,000, and ...
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Macau provides lesson in supply and demand
letter to the editor . /inline-content --> Some things you must see for yourself to appreciate their scale and grandeur: Mount Rushmore, the Palace of Versailles, Arlington National Cemetery, Jay Leno's cranium. You can add Macau to that list. Las Vegas dubs itself the gaming capital of the world, but that's a moniker more soaked in nostalgia than in reality. It's the same as ...
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Chinese manufacturing contracts in May
Chinese manufacturing contracted in May for the first time in seven months. The result can be added to signals that economic growth is losing steam for a second ...
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Hong Kong shares slide to 4-week low on China growth concerns
Fri May 24, 2013 5:09am EDT * HSI -0.2 pct, H-shares -0.2 pct, CSI300 +0.6 pct * Hong Kong shares extended losses to lowest in almost a month * China shares posted fourth-straight weekly gain * China property weak on fears of China's slowdown By Yimou Lee HONG KONG, May 24 (Reuters) - Hong Kong shares extended losses to fall to their lowest in almost a month on Friday with the property ...
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Sergei Naryshkin to visit China on May 26-28
BEIJING, May 24 (Itar-Tass) - - Chairman of the Russian State Duma Sergei Naryshkin will visit China on May 26-28 to take part in the 6th session of the committee on cooperation of the All-China Assembly of People’s Representatives (ACAPR) and the lower chamber of the Russian parliament, a statement of the high legislative body of China says on ...
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Bears feast as flash PMI bares China slowdown
Results of China’s flash HSBC purchasing managers’ index (PMI) entrenched fears that recovery in the second-largest economy has stalled, and augured poorly for global growth in the months ...
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China US disappoint markets
It was a grim day on global markets yesterday after the release of disappointing manufacturing survey data from China and renewed concern that the US could start to cut back on its cash injections. The scene was set in Tokyo at the start of the global trading day, where the benchmark Nikkei index closed 7.3 percent down – the biggest drop in Japanese shares since the aftermath of the ...
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Suspected Chinese Subs Alarm Japan
The subs were spotted just outside Japan's territorial waters off the coast of Okinawa and the southern Japanese prefecture of Kagoshima. Japanese officials have either declined to comment on the vessels' nationality or said it is not yet known; Japanese media are reporting they are Chinese. The submarines did not infringe on Japan's sovereignty but were traveling in a ...
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Chinese senior military official meets with Ukrainian PM in Kiev
Ukrainian Prime Minister Mykola Azarov (L) meets with Xu Qiliang, Chinese vice chairman of the Central Military Committee, in Kiev, May 23, 2013. (Xinhua/Mu ...
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Taiwans 1st H7N9 bird flu patient recovers
The first Taiwanese person to be infected with the H7N9 bird flu has recovered and left the hospital on Friday after 35 days of treatment, a spokesman for Taiwan University Hospital said on Friday. The 53-year-old Taiwanese man, who had briefly stayed in east China's city of Suzhou, showed bird flu symptoms three days after returning to Taiwan via Shanghai on April 9. The patient's ...
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Chinese premier arrives in Switzerland for first trip to Europe
Chinese Premier Li Keqiang (L, front) is welcomed by Swiss Vice President and Foreign Minister Didier Burkhalter, upon his arrival in Zurich, Switzerland, May 23, 2013. Li Keqiang arrived here Thursday evening for an official visit to Switzerland. (Xinhua/Ju ...
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Facebook sets up OCP Taiwan
Facebook on May 23 established Open Compute Project (OCP) Taiwan in a bid to attract Taiwan-based hardware makers and promote industry standards for cloud computing data center equipment, according to the government-sponsored Industrial Technology Research Institute (ITRI). ITRI said it is talking with Facebook about setting up the world's first OCP hardware certification laboratory in ...
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Asia to be largest LTE market says Nokia Siemens Networks greater China head
Asia is expected to be the largest LTE market among regions around the world in 2015, Greater China president Markus Borchert for Nokia Siemens Networks said at the LTE Marketing Forum in Taipei on May ...
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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