Latest China News
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India must accept China Pakistans friendship
India "must accept" this "enviable friendship" as Beijing cannot scale down its ties with Islamabad merely because of New Delhi's feelings, an official daily here said on Thursday. The high-profile welcome received by Chinese ...
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PRECIOUS-Gold rebounds from losses as China data pummels stocks
* Gold reverses losses but still near two-year low of $1,321.35 * Fed needs to see more from economy before scaling back bond-buying -Bernanke * China PMI shrinks for first time in 7 months (Recasts, updates price) By A. Ananthalakshmi SINGAPORE, May 23 (Reuters) - Gold climbed off session lows on Thursday after weak Chinese factory activity jolted stock markets in Asia, sending ...
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Chinas premier Li Keqiang in Islamabad
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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FTSE sinks on Chinese data U.S. stimulus concerns
* FTSE 100 falls 1.7 percent after Bernanke's comment on stimulus * Miners down on poor China factory activity survey * United Utilities among handful of risers post results By Tricia Wright LONDON, May 23 (Reuters) - Britain's top shares fell sharply on Thursday, dropping off 13-year highs on weak Chinese economic data and worries the U.S. Federal Reserve could soon taper its stimulus ...
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Japan Shares Plunge 7 Following Negative Chinese Data
Japanese share prices Thursday experienced their worst one-day decline in two years, following the release of unexpectedly negative Chinese manufacturing ...
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RPT-Fitch affirms Chinas Franshion at BBB- outlook stable
Thu May 23, 2013 4:12am EDT (Repeat for additional subscribers) May 23 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed China-based Franshion Properties (China) Limited's (Franshion) Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. The agency has also affirmed the company's senior unsecured rating at ...
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Taiwans Wu confirms hell run for IOC presidency
FILE - This Friday, Nov. 3, 2006 file photo shows Ching-Kuo Wu, of Taiwan, a challenger for the presidency of the International Boxing Association during the XVI AIBA Congress in Santo Domingo, Dominican Republic. C.K. Wu of Taiwan has notified IOC President Jacques Rogge, Friday May 17, 2013, he will be a candidate to succeed him as head of the Olympic body. (AP Photo/Ramon Espinosa, ...
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Oil falls below $94 as China manufacturing weakens
BANGKOK -; The price of oil fell below $94 per barrel Thursday after a private survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is ...
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China manufacturing contracted in May
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's number two economy is slowing. HSBC said today the preliminary version of its monthly purchasing managers index fell to a seven-month low of 49.6 from April's 50.4 on a 100-point scale. Ang figure below 50 show a contraction. "The cooling manufacturing activities in ...
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China and Japan Show Signs of Economic Stress
HONG KONG ...
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Hong Kong shares post worst loss in 7 weeks on China slowdown fears
HONG KONG | Thu May 23, 2013 4:07am EDT HONG KONG May 23 (Reuters) - Hong Kong shares suffered their worst daily loss in seven weeks on Thursday after a preliminary private survey suggested manufacturing activity in China contracted in May for the first time since October. The Hang Seng Index closed down 2.5 percent at 22,669.7 points, while the China Enterprises Index of the top ...
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China Railway Corp debuts bond issuances
China Railway Corporation, a spin-off of the former Ministry of Railways (MOR), on Thursday floated the first batch of bonds to fund its railway construction and buy trains.The company issued 20 billion yuan ($3.23 billion) in 5-year bonds through auction on Thursday, marking the company's first bond issuance since its establishment in mid-March.It will use the proceeds to finance its ...
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Swiss president says Swiss-China relations marked by mutual trust dynamism
The relations between China and Switzerland are marked by mutual trust and dynamism, Swiss President Ueli Maurer told Xinhua in a written interview ahead of Chinese premier Li Keqiang's visit to his country. Switzerland-China relations enjoy smooth development in various forms, Maurer said. Switzerland is one of the first Western countries to set up joint ventures in China and recognize ...
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China market Online gaming revenues over CNY 12 billion in 1Q13 says Analysys
Online gaming operators in the China market generated revenues of CNY12.788 billion (US$2.05 billion) during first-quarter 2013, increasing 4.4% sequentially and 13.5% on year, according to Analysys ...
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Weak PMI data drags down Chinese shares
/enpproperty--> BEIJING - A weak reading of the HSBC Flash Manufacturing Purchasing Managers' Index (PMI) that suggested contraction in the manufacturing sector in May weighed on Chinese shares on Thursday, sinking stocks indexes by more than 1 percent. The benchmark Shanghai Composite Index lost 1.16 percent, or 26.74 points, to end at 2,275.67. The Shenzhen Component Index fell 1.48 ...
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Chinas crude stockpile rises to 3-month high
/enpproperty--> China's commercial crude stockpiles rose in April to the highest level in three months, and diesel supplies dropped after the nation curbed refining. China Oil, Gas & Petrochemicals, a newsletter published by Xinhua News Agency, reported on Wednesday that crude inventories, excluding emergency reserves, climbed 0.14 percent from a month earlier. Stockpiles ...
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Exotic ethnic dining in Beijing
Beijing is where the world and her dining companions meet, and good chefs from all over the country congregate. Right now, the flavors are fresh, and the menu is blooming literally. Ye Jun tells us ...
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Yarlung Zangbo Grand Canyon in Chinas Tibet
The Yarlung Zangbo Grand Canyon is one of the deepest and longest canyons in the world. The Yarlung Zangpo River starts at Mount Kailash before reaching the juncture of Mainling and Medog counties, where it swerves around towering Namjagbarwa, the highest peak in the eastern section of the Himalayas, carving a U-shaped gorge. The canyon is home to many animals and plants barely explored and ...
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US Chinese law schools to deepen collaboration
Wang Xixin, deputy dean and professor of law at Peking University Law School, spoke at the memorandum of understanding signing ceremony held earlier this month. Provided to China ...
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Market Buzz Stocks down on Fed news China’s flash PMI indicates contraction
Russian economy Russian stocks started Thursday in the red following news yesterday from the US that the Fed has not yet come to a consensus on ending its stimulus program. Weak Chinese PMI data also contributed to the decline. On Wednesday, Russian stocks ended the trading session with significant gains after Federal Reserve Chair Ben Bernanke's testimony. By the end of the day on May ...
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Europe stocks slump after China data Fed comments
manufacturing activity unexpectedly contracted in May, stoking worries of an economic slowdown in the country's economy. Additionally, investors worried the U.S. Federal Reserve will soon reduce its asset-purchase program, after minutes from the latest policy meeting and comments from Chairman Ben Bernanke suggested the bank will begin tapering its easing program in coming months. The Stoxx ...
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Nawaz Sharif seeks civil-nuclear technology from China
Prime Minister-designate Nawaz Sharif on Thursday sought civil nuclear technology to overcome Pakistan's energy crisis during a meeting with Chinese Premier Li ...
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Zimbabwe Chinese VP Meets President
VISITING Chinese Vice Premier Wang Yang met President Mugabe at State House today where he briefed him on the investment agreements his country signed with various ministries. The agreements are worth US$36 million as the two countries continue to cement their flourishing economic ties. Speaking through an interpreter after the meeting, Vice-Premier Wang expressed gratification on meeting the ...
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Microraptors had taste for sashimi Study
Liaoning province found fish bones bearing the marks of strong digestive acids near the fossil's ribs -- the world's first evidence suggesting that Microraptors ate fish. The research was jointly carried out by Chinese and Canadian scientists, and the results were published on Tuesday in the International Journal of Evolution. "Microraptors may be the ancestors of birds. They ...
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Pig takes dogs place as family member
/enpproperty--> Mr Min spends four hours and walks twice a day with his 'BAMA miniature pig' Zhu Zhu in Wuhan, the capital city of Hubei province. Zhu Zhu lives with Mr Min and his wife in a 23-square meter room. It has become a member of the family. The couple always have their breakfast after feeding Zhu Zhu. And their pet pig always gets up along with its masters when they wake ...
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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