Latest China News
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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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Mando China puts listing plan on hold
(25 mins ago) Mando China (1356) said it has decided to delay its plan to floating its shares in Hong Kong due to market volatility. The South Korean autopart maker was originally set to float its shares, aiming forHK$6.8-8.6 apiece, on the local bourse on May 30, seeking to raise as much as HK$2.093 billion. With a broadlot of 500 shares, the minimum charge is ...
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No guarantee of peace NKorean envoy warns China
BEIJING (AP) -- China told a top North Korean envoy Friday it wants a peaceful, denuclearized Korean Peninsula, and said the emissary warned there is "no guarantee of peace" but that his country was willing to hold talks with all ...
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EMEA FX Chinese weakness and monetary policy uncertainty trigger sell-off
This morning, risky assets have been selling off - most notably the Japanese stock market is down more than 7%. The sell-off has continued in European trading, with European stocks trading sharply lower, the yen and Swiss franc stronger and emerging markets generally under selling pressure. We see five overall reasons for this. The first one is the obvious one: that we were simply in for a ...
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Yen intervention after Poor Chinese data
FX Market Overview The US Dollar failed to make any gains on news that the housing market is picking up. New home sales rose to 454,000 in the year to April. That was well above the forecasts of 429,000 and boosted by the fact that the previous month was revised 24,000 higher as well. Neither did the fall in fresh jobless claims strengthen the US Dollar and nor did the news that ongoing jobless ...
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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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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 ...
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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