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Hang Seng Shanghai take a hit
(43 mins ago) Hong Kong and Shanghai stocks sank today after data showed manufacturing activity in China contracted for a second straight month in June. The benchmark Hang Seng Index in Hong Kong ended down 2.85 percent, or 598.27 points, at 20,388.62 on turnover of HK$75.34 billion. Stocks in Shanghai closed down 2.77 percent. The benchmark Shanghai Composite Index slumped 59.43 points to ...
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Live from space Chinas zero-gravity science lesson
29/06/2012 11:13 CET It’s not your average lecture when your professor is speaking to you from space. On Thursday China’s second ever female astronaut gave a special lesson on physics to 60 million Chinese schoolchildren and teachers back on earth, according to Chinese media. Aboard the Tiangong 1 module she explained the effects of zero gravity on weight and mass, and how ...
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Why India trails behind China in economic growth Amartya Sen
Interest rates are already coming down. So the foreigners' faith in India that India has got disproportionate allocation in emerging markets is also validating ...
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Ghana China Ghana Work Closely to Tackle Illegal Mining
Accra - China and Ghana are working closely to properly handle the issue of Chinese nationals engaged in illegal gold mining in the West African country, a senior Chinese official said here on Tuesday. Gong Jianzhong, the Chinese ambassador to Ghana, told a press conference that the issue of Chinese nationals involved in illegal mining activities in Ghana was a disharmony in the course of ...
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China rejects US human trafficking criticism as arbitrary
China on Thursday rejected a US report that downgraded Beijing for failing to make greater efforts to combat human trafficking. "We believe that the US side should take an objective and impartial view of China's efforts (in fighting human trafficking) and stop making unilateral or arbitrary judgements of ...
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Hedge fund Grandmaster sees stock market crash in China
By Laurence Fletcher MONTE CARLO, Monaco, June 20 | Thu Jun 20, 2013 4:37am EDT MONTE CARLO, Monaco, June 20 (Reuters) - Former chess grandmaster-turned hedge fund manager Patrick Wolff is betting on a stock market crash in China, where he says corruption and bad debts have spiralled to dangerous levels. Speaking to Reuters on the sidelines of the GAIM conference in Monaco this week, ...
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Beckham Looks to the Future to Improve Chinese Game
SHANGHAI ...
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China Vietnam Agree on Hotline to Resolve Maritime Disputes
China and Vietnam have agreed to set up an emergency hotline to help quickly resolve territorial disputes that have occasionally strained relations between the two ...
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Chinas State Council outlines 10 steps to curb air pollution
The State Council outlined 10 measures on Friday to curb air pollution that is plaguing the country, vowing "tough measures for tough tasks". The government should incorporate optimizing the country's economic structure and intensifying innovation with environmental protection efforts, according to a statement released after an executive meeting of the State Council, presided ...
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Beckham sees bright future for China game
SHANGHAI (AFP) - Football superstar David Beckham said Thursday he sees a "bright" future for the Chinese game despite past corruption scandals and the dismal performance of the national team.Visiting Shanghai as ambassador to the Chinese Super League (CSL), the recently-retired former England captain defended his decision to take up the role, which has been viewed as an ambitious ...
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Kenya Suspected thugs kill Chinese national
Nairobi and police are grappling on how they can handle them. Elsewhere, three motorists were separately robbed of their motor vehicles in attacks in The first incident happened in Kasarani area, the second one in Starehe and the other one in Kilimani area. Police say they are yet to recover the stolen vehicles and that the gunmen escaped with them in the separate attacks. And a suspected thug ...
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World Chinese astronaut gives lecture from space
China 's fifth manned space mission, Shenzhou-10, is scheduled to end around 25 or 26 June. The crew is also expected to attempt a manual docking later on Thursday. This will involve getting back inside their Shenzhou capsule, unhooking from Tiangong and then flying around the lab to re-attach the capsule to the laboratory. 'Sixteen sunrises' Ms Yang used difference experiments to ...
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Hong Kong shares close down 2.9 pct at 9-month low
HONG KONG, June 20 | Thu Jun 20, 2013 4:09am EDT HONG KONG, June 20 (Reuters) - Hong Kong shares tumbled to their lowest in nine months on Thursday, with interest rate-sensitive counters sliding after the U.S. Federal Reserve signalled a tapering of stimulus and cyclicals hurt by a weak China factory activity survey. The Hang Seng Index ended down 2.9 percent at 20,382.9 points, its ...
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Detention Deaths in Chinese Corruption Cases Stir Concern
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China issues plan for national road network
A plan to expand China's national road network to 401,000 km by 2030 was released on Thursday.The plan, compiled by the National Development and Reform Commission and the Ministry of Transport, will require an investment of 4.7 trillion yuan ($761.8 billion), according to information provided at a joint press conference.The network expansion aims to bring the length of national non-toll ...
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China PMI Slump Will Test Authorities Resolve
Further weakness in China's vast manufacturing sector, which has exacerbated concerns over the health of the world's second biggest economy, will make it harder for the government to resist calls to ease its policy stance, economists tell CNBC.The flash HSBC Purchasing Managers' Index (PMI), an early indicator of Chinese factory activity, fell to 48.3 in June from a final reading ...
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China beats Australia in basketball friendly
Shanxi province - Chinese women's basketball team resisted the challenge from their Australian counterpart to hold off the latter 69-64 in Game 1 of Sino- Australian Women's International Basketball Challenge here on Wednesday. About 2,000 fans crowded into Wuyang Coal Mine Sports Center to support Chinese girls. After almost-one-month training ...
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U.S. stimulus fears China slowdown sparks FTSE sell-off
Thu Jun 20, 2013 4:01am EDT * FTSE 100 falls 1.1 pct to 6,276.89 * Fed to start QE withdrawal later this year * Data shows China slowdown exacerbated in June * Bank and miners lead market retreat By David Brett LONDON, June 20 (Reuters) - UK stocks were dealt a double-blow early on Thursday after the U.S. Federal Reserve signalled its intention to begin scaling back stimulus later this year, ...
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China business sentiment remains subdued in Q2
/enpproperty--> Chinese businesses remained worried about future development in the second quarter of 2013 amid overall optimism in Asian companies, according to the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey published on Wednesday. The survey, polling 91 top companies in the Asia-Pacific region, revealed that the Asia business sentiment index in Q2 climbed six points to ...
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US told to reassess duties on Chinese photo paper
/enpproperty--> A US trade-law judge has ruled that the Commerce Department made several errors when it imposed anti-dumping tariffs on imports of Chinese photographic paper in 2010 and must reassess the duties. The errors included ignoring a rule on "targeted dumping" that the department should have been enforcing at the time, Judge R. Kenton Musgrave of the US Court of ...
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US-China bio-pharm group grows with members success
Eighteen years ago, James Hughes, then director of the international business office of the State of Maryland, was approached by a group of Chinese-American scientists. They asked for his help with the first annual conference of their newly founded organization, the Chinese Biopharmaceutical Association, USA, or CBA. Hughes lent his support, getting the governor involved, recruiting ...
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Chinese governors visit will test Xi-Obama summit
In a visit that promises to deepen relations with California, the governor of its Chinese sister-state, Jiangsu province, will visit the Bay Area on Monday. After a reception in San Francisco, governor Li Xueyong will visit Berkeley and witness the signing of a memorandum of understanding between Jiangsu's Department of Education and UC Berkeley on a cooperative education and training ...
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Market Buzz Stocks tumble on Fed decision Chinese data
Russian markets are expected to lose about 2 percent in early trading on Thursday on the heels of weak data from China, as well as the US Federal Reserve's decision to start drawing down its aggressive stimulus program. After Fed Chair Ben Bernanke said that the central bank is seeing fewer risks to the US economy and labor market, traders rushed to preserve their earnings with ...
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Europe shares fall on US stimulus fears China PMI
Euro STOXX 50 index fell 2 percent to 2,631.88 points. Mining stocks dominated the loserboard, falling on fresh signs of a slowdown in China - the world's biggest metals consumer - while Swiss luxury goods stocks Swatch and Richemont also fell which traders attributed to data showing a fall in Swiss exports. Global equity markets have fallen back from multi-year highs over the last month as ...
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Pumping up power of consumption
Top economist sounds alert on overspending, report Andrew Moody and Lyu Chang in Beijing. Does China need to consume more? Despite the Chinese being famous across the world for snapping up luxury goods, household consumption as a share of GDP was 37.7 percent in 2011, according to the latest World Bank figures. That is far below the 65 to 75 percent in European countries and the United ...
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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