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A tussle in China over the Communist Party bowing to the Constitution
China's new president and head of the Communist Party Xi Jinping attends a signing ceremony with his Palestinian counterpart Mahmoud Abbas, not pictured, at the Great Hall of the People in Beijing, May 6. This week, in a salvo of strongly worded articles in the official press, conservatives launched a new offensive against the idea of constitutional rule. Reformers cringed, and the Internet ...
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China A nation on the move
China is at a crossroads. Its leaders are committed to dramatically transforming the world's second-largest economy. They want so-called knowledge businesses to supplement manufacturing. They want to increase domestic consumption to bolster growth. They want the world to covet Chinese brands. Business and political leaders from around the world will discuss and debate this ambitious vision ...
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Maserati recalls 692 cars in China
Maserati Granturismo models manufactured between July 31, 2003 and September 25, 2008, said the General Administration of Quality Supervision, Inspection, and Quarantine (AQSIQ). The vehicles had "substandard" rear tyre-rods, which "could result in loss of control" depending on road conditions, ...
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Liberia China Expresses Interest in Mt. Wologizi
The Government of the People's Republic of China says the controversial Wologizi Mountain in Lofa County remains its vested area of investment in Liberia. Chinese Ambassador to Liberia Zhao Jianhua said even though no formal negotiation has been made yet, but his country has expressed interest in the mountain. "Wologizi remains one of China's interests, but it has to be ...
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Chinas military officials meet with Polish minister
Vice Chairman of China's Central Military Commission Fan Changlong and Chinese State Councilor and Defense Minister Chang Wanquan met separately with Polish defense minister Tomasz Siemoniak in Beijing on Friday.During the talks between Chang and Siemoniak, Chang said China will work with Poland to enhance military cooperation on high-level visits, personnel training and medical ...
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Taiwan cuts 2013 GDP growth forecast
Taiwan on Friday cut its 2013 GDP growth forecast to 2.4 percent from initially estimated 3.59 percent as faltering global recovery weighs on the island's economy.The island's statistical authority also lowered the inflation forecast this year to 1.23 percent from previous forecast of 1.37 ...
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IHT Rendezvous The Art Hong Kong Really Loves ‘Rubber Duck’
The Dutch artist Florentijin Hofman’s giant rubber duck in Victoria Harbor. Here is the art-related news that the average Hong Kong resident cared about most this week: The giant rubber duck has been revived. Billionaire collectors may have arrived for the ...
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How Well Do China and India Know Each Other
Chinese Premier Li Keqiang waves at the media in front of Indian Prime Minister Manmohan Singh during his ceremonial reception at the Indian President's palace in New Delhi, India, Monday, May 20, 2013. (Saurabh ...
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China to issue 26b yuan in two-year T-bonds
The Ministry of Finance (MOF) said Friday that it will sell 26 billion yuan (4.2 billion US dollars) in two-year book-entry treasury bonds. The issuance marks the ministry's 12th issuance of book-entry treasury bonds this year, the ministry said in a statement on its website. ( The bonds carry a fixed annual interest rate of 2.98 percent. The interest will be paid every year on May 27, ...
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NKorean envoy delivers letter to Chinas Xi
A top North Korean envoy delivered a letter from leader Kim Jong Un to Chinese President Xi Jinping on Friday as part of efforts to mend fences after Pyongyang angered Beijing with recent snubs and moves to develop its nuclear ...
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Happy to enhance China-India friendship
After graduating from University, I got a job offer from China Radio International, whichwas a new challenge for me and an opportunity as well.CRI aims topromote understanding and friendship between the people of China and people throughout the world. CRI has more than two hundred foreign experts. I was working in Hindi department. As I had advantage of knowing Chinese language, I got appraisal ...
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Ferrari to recall 692 vehicles in China
/enpproperty--> BEIJING - Luxury sports car manufacturer Ferrari will recall 692 vehicles imported by the Chinese mainland due to defective rear tie-rods, China's quality supervisor said Friday. The recall by Ferrari Maserati Cars Sales and Services (Shanghai) Co. will cover Ferrari's Quattroporte and Maserati Granturismo models manufactured between July 31, 2003 and September 25, ...
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Chinas next economic revolution
Wanda Group of Dalian is building domestic theme parks and resorts. And the Chinese government is investing heavily in roads and railways to help middle-class and affluent consumers get there. These massive infrastructure projects help keep citizens employed -- and, more important, could help China reach its next ...
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Fitch Macao Banks Rapid China Growth Alters Risk Profiles
Lack of Stringent U.S. CMBS Underwriting Could Affect REITs Changes in the availability, pricing, and underwriting stringency of U.S. CMBS financing could affect REITs directly and indirectly, according to Fitch Ratings. In addition, a boom-or-bust cycle for CMBS loan performance would negatively affect REITs that regularly access the CMBS ...
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North Korea willing to take action to ensure peace envoy tells China
Kim Jong-un , also said that North Korea was willing to make joint efforts to resolve problems through six-party talks and other forms of dialogue, the state-run China News Service said on its website. (Reporting by Ben Blanchard and Sui-Lee Wee; Editing by Robert ...
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China calls for denuclearization on Korean Peninsula
Pyongyang envoy seeks end to int'l isolation, say experts China said on Friday it hoped relevant parties to continue sticking to the objective of denuclearization on the Korean Peninsula and work for peace and stability in Northeast Asia. Vice Chairman of China's Central Military Commission Fan Changlong made the call on Friday during his meeting with Choe Ryong Hae, the special envoy ...
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Chinese leader meets DPRK leaders envoy
Liu Yunshan (R), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with Choe Ryong Hae (L), the special envoy to the leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Un, in Beijing, capital of China, May 23, 2013. Choe Ryong Hae, director of the General Political Bureau of the Korean People's ...
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China to simplify forex transactions
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Chinas SOEs face poor profit prospects
BEIJING - With China's State-owned enterprises (SOEs) posting growth of just 5.3 percent from January to April this year, prospects for the SOEs' profitability in 2013 remain poor, analysts said. The SOEs saw their total profit growth slow to 5.3 ...
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Nine killed in Guangdong blaze
/enpproperty--> Nine people, including three boys, were killed in a fire in the Nanhai district of Foshan, Guangdong province, on Friday morning, sources with the provincial emergency management office said. The blaze, which occurred at 5.26 am at a 96-square-meter vehicle center in an industrial zone, was put out an hour later. An investigation is under way, the emergency management ...
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China-Pakistan ties to get fresh vigor premier
/enpproperty--> ISLAMABAD - Visiting Premier Li Keqiang said Thursday that the commitment shared by China and Pakistan to deepening bilateral cooperation will inject new vigor into their friendship. The two nations boast an evergreen friendship that is always full of vim and vigor, Li said in a meeting with a cross-section of Pakistanis devoted to bilateral friendship. Noting that the ...
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Filmed insights into Chinas big change
An urge to record the phenomenon of China's transformation over the past two decades has propelled what has come to be known as the New Chinese Documentary Film Movement. Pioneers such as Duan Jinchuan, Zhang Yuan and Wu Wenguang have pushed a hugely influential "reality aesthetic", taking advantage of developing technologies that allow regular citizens to tell the stories they ...
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US schools vie for partners in China
/enpproperty--> US universities are seeking out partnerships in China, hoping to broaden their international reach and provide academic and research opportunities for students and faculty, as two campus presidents' trips to China show. The University of Pennsylvania "is deeply committed to its engagement in China", said Amy Gutmann, president of the Ivy League school in ...
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More Chinese firms go private
/enpproperty--> Continuing a flurry of going-private deals involving US-listed Chinese companies and private equity firms, Pactera Technology International Ltd, a Chinese information-technology outsourcing company, has received a bid to be taken private by Blackstone Group LP of the US for $680.4 million. New York-based Blackstone, one of the world's largest private equity firms, ...
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Three mainland Chinese charged in HK mercantile exchange probe
View Photo A security guard stands at the entrance as an office worker walks inside the Hong Kong Mercantile Exchange in Hong Kong May 23, 2013. REUTERS/Bobby ...
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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