Latest China News
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Official executed for raping 11 minors
/enpproperty--> ZHENGZHOU - An official in Central China's Henan province was executed on Tuesday for raping 11 underage girls, sources with the Henan Provincial Higher People's Court confirmed Wednesday. Li Xingong, former deputy secretary general of the Yongcheng city committee of the Communist Party of China (CPC), was arrested in May 2012 on charges of raping several adolescent ...
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Domestic power of new energy
solar power Each panel is roughly the same size as a four-seater dining table and Dong expects the system to reduce his carbon emissions by as much as five metric tons every year. It's little wonder that Dong's new appliances have attracted so much attention: several silicon batteries affixed to the roof mean the house, in Tianjin's Binhai New Area, stands out among the other ...
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China North Korea hold strategic talks in Beijing
FILE - In this June 18, 2013 photo, North Korea's First Vice Foreign Minister Kim Kye Gwan, right, waves as he arrives at the Capital airport in Beijing, China. North Korean First Vice Foreign Minister Kim was expected to discuss bilateral relations and the situation on the Korean Peninsula with Chinese Vice Foreign Minister Zhang Yesui on Wednesday. (AP Photo/Ng Han Guan, ...
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Chinese Official Blows Millions on Online Game Addiction
The Internet game Zhengtu. Chu found Zhengtu's array of weapons and other virtual items irresistible, and was quickly hooked. embezzled 2.6 million yuan ($424,247) in public funds to support his obsession. (Screenshot via The Epoch ...
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China committed to boosting Mideast peace process envoy
Beijing is proactive in advancing the Mideast peace process, said Wu Sike, China's special envoy to the region.Wu made the remarks on the sidelines of the UN International Meeting in Support of Israeli-Palestinian Peace, which is being held here on June 18-19 and brought together officials and experts from more than 50 countries and international organizations.It is the first time for the ...
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US-China relations a must win
American think tanks believe that China and the US will have tremendous opportunities for cooperation in the next 10 years, and the top three items on their work agenda should be energy, tourism, and science and technology. "The stakes are large, for both success and failure," said Stanford economist Michael Boskin, "so the relationship needs to succeed." Making his remarks ...
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China markets slump on liquidity concerns
7-day repo rates rising to 16 month highs and 1-yr swap rates to near 2-year highs above 4% . Markets are also looking ahead to tomorrow's release of HSBC flash manufacturing PMI after a recent spate of slowing ...
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Chinas key money rate surges to multi-year highs no RRR cut seen
* Banks forced to give up non-essential business * Benchmark 7-day repo rate jumps to highest since Oct 2007 * Widespread market talk of banks pressing PBOC to cut RRR * But traders only expected mild PBOC cash injection * Liquidity should improve in medium term By Lu Jianxin and Gabriel Wildau SHANGHAI, June 19 (Reuters) - China's short-term funding costs surged on Wednesday, with the ...
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Chinas Tianhe-2 overtakes US Titan as worlds fastest supercomputer
An expert stands near the Tianhe-2 supercomputer at the National University of Defense Technology in Changsha, capital of central China's Hunan Province. The fastest computer in the world can store 60 billion books, each with 100,000 Chinese ...
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15 suspects stand trial for Chinas largest online pyramid scam in Zhejiang
FIFTEEN people accused of involvement in the nation's largest online pyramid scheme stood trial yesterday in a court in east China's Zhejiang Province. On June 11, police in Jinhua City busted a website offering discounts on online purchases and arrested Ying Jiancheng and another 14 people suspected of organizing the scam involving 24 billion yuan (US$3.9 billion). An ...
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HK can showcase freedom over Snowden China media says
BEIJING (AFP) - Hong Kong can showcase its democratic pedigree by its handling of the Edward Snowden case, Chinese state media said on Wednesday, in comments appearing to distance Beijing from any decision on his possible extradition.The semi-autonomous territory -- which has a separate legal system to mainland China -- has the opportunity of "proving itself a free society in front of the ...
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Marathon to be beamed to Chinese
MORE than 800 million Chinese residents are expected to watch the Gold Coast Marathon after Beijing Television confirmed it will produce a program at next month's event.The windfall could inject millions of Chinese tourist dollars into the economy, with many expecting the program to act as a perfect brochure of the Gold Coast., the government-owned station which broadcasts to an audience of ...
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Chinas first teacher in space to give lesson
/enpproperty--> China's first teacher in space Wang Yaping is in orbit and due to deliver a lecture to students via a video feed on Thursday, China Central Television reported. The lesson, which will be broadcast by CCTV, will last from 10:04 am to 10:55 am. Wang, the country's second female astronaut, will teach primary and middle school students about her zero-gravity ...
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Awaiting China PMI Things Could Get Even Worse
Activity in China's vast manufacturing sector may have decelerated further in June, the flash estimate of the HSBC China purchasing manager's index (PMI) is expected to show, exacerbating worries about a downturn in the world's second largest economy. The closely-watched flash PMI survey due on Thursday could fall to as low as 48.7, according to estimates by Credit Agricole and ...
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Dubai sports ambassador wins Chinese legal battle
Argentinean football legend Diego Maradona, Dubai's Honorary Ambassador of Sports since September 2012, will be awarded 3 million yuan ($326,129) as compensation from three Chinese companies for using his name in an online game without his ...
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Credit Agricoles sale of CLSA to CITIC hits snag in Taiwan -sources
By Denny Thomas and Faith Hung HONG KONG/TAIPEI, June 19 | Wed Jun 19, 2013 1:09am EDT HONG KONG/TAIPEI, June 19 (Reuters) - CITIC Securities' $1.25 billion agreement to buy brokerage CLSA from Credit Agricole has hit a snag in Taiwan, according to people familiar with the matter, as regulators resist the plan for a Chinese company to own an entity on Taiwanese turf. Nearly one year ...
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Paul B. Farrell New China billionaires’ Happy Meditation Guide
SAN LUIS OBISPO, Calif. (MarketWatch) -- In my guidebook, "Millionaire Meditation," there are 40 ways to achieve the happiness that comes from meditating. All 40 have one common element: To be truly happy you must master "Rule One -- Focus on What You're Doing in This Moment, and Nothing ...
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US auto giant GM breaks ground on China Cadillac plant
Cadillacs as it seeks a larger share of China's growing market for luxury cars. The plant will have annual output capacity of 160,000 vehicles with production to start in two years, GM officials told a news conference before the opening ceremony. "We're going to bring our high-end, premium product here and we're going to see how we run against the competitors from Europe and ...
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China shares test fresh 6-mth lows on dashed easing hopes Hong Kong sinks
Wed Jun 19, 2013 12:43am EDT * Indexes: HSI -1.2 pct, H-shares -1.8 pct, CSI300 -1.3 pct * Reported IPO resumption, property tax expansion hit A-shares * Defensives slide in HK as investors await Fed outcome * Mengniu spikes after $1.6 bln Yashili takeover offer By Clement Tan HONG KONG, June 19 (Reuters) - China shares tested six-month lows, sinking Hong Kong markets, as a cash squeeze in the ...
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Bus crashes in foggy valley in China 15 dead
BEIJING (AP) -- A bus carrying 36 people veered from a road in heavy fog and crashed into a valley in western China, killing at least 15 people, state media ...
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StanChart plans 1 bln yuan bond in Taiwan -sources
TAIPEI, June 19 | Wed Jun 19, 2013 12:24am EDT TAIPEI, June 19 (Reuters) - Standard Chartered is planning to sell a 1 billion yuan bond in Taiwan, two brokerage sources familiar with the matter said on Wednesday, in the second such bond to be issued by a global bank. The Asia-focused bank is set to apply for approval for the issue from Taiwan regulators later this month, targeting ...
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Sanya diving group ‘Diving Best’ to promote business outside of China
The operator of China's Sanya Diving Training Centre, Diving Best, has expressed interest to enter the local tourism industry, as the State is well known in China as an eco and marine-based tourism destination. According to Sabah Economic Development Investment Authority (Sedia), a meeting with the group from the operator has shown positive outcome. The State's investment ...
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Central banks’ decisions and important Chinese data highlight the Asian session this week
Asian markets are waiting for many critical economic data to be released this week, like rate decision for BOJ and RBNZ, as well as China’s trade ...
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China’s trade balance sees an unexpected surplus in May
China witnessed an unexpected surplus in its trade balance during the month of May, as sales to U.S. jumped to the most this year and purchases by the European Union countries rose for the first time in three ...
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Chinese US researchers study Tibetan medicines
eu tical technology to explore the mechanism behind Tibetan medicines' efficacy, especially in treating cancers. Harvard professor David Christiani said a number of traditional Tibetan herbal medicines can alleviate cancer symptoms and even prolong some patients' survival time. "Clinically, we know these herbs help, but it is not quite clear why and how they work ...
China Digest
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Chinese shipping industry is not the only one causing environmental incidents
The recent highly publicized grounding of a Chinese bulk carrier on the Great Barrier Reef in Australia attracted the scrutiny of the world on the Chinese shipping industry with some commentators saying that the accident was indicative of a dysfunctional health and safety record throughout the industry in China.
China’s shipping industry is primarily made up of the state-owned and run COSCO (China Ocean Shipping Company), and it is this company to whom the Shen Neng 1 belongs. The Shen Neng 1 is not the only COSCO ship to be involved in a notable maritime accident. Read more
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