Latest China News
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GM investing billions in China to tap lucrative luxury car market
Chinese officials and GM executives, including CEO Dan Akerson, lay a foundation stone at Shanghai GM's new Cadillac plant on June 19, 2013. General Motors has chosen the world’s second-largest luxury car market - China - to pit itself against automakers from Japan and Germany, despite the industry's lagging fortunes there. The US-based carmaker said on Wednesday that it would ...
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Chinese Billionaire Jianlin Buys Sunseeker International Yachts
Wang Jianlin , has himself a case of James Bond lifestyle envy. So much so that he deployed 320 million pounds ($495 million) for a controlling stake in Sunseeker International, maker of the Sunseeker yachts seen in James ...
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Foreign Firms Hesitant On China
A little less money coming into China these days, as May FDI data suggests. Multinationals are hesitant on investing in China, foreign direct investment data shows. Despite overall long term growth trends and a general bullishness on the richer Chinese consumer, the multinationals increased their investments in May by just 0.29% in a sign of cooling in the world's second biggest ...
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Chinese Billionaire to Buy Sunseeker
Now, the owner of the Wanda 2, Wang Jianlin, the billionaire chairman of the privately held Dalian Wanda Group, is betting there are others out there who are ready to one-up him. On Wednesday, Mr. Wang's company, which last year bought the American cinema chain AMC Entertainment for $2.6 billion, said it would invest 1 billion ($1.6 billion) to acquire Sunseeker International, the British ...
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One of the mainlands most polluted cities will limit vehicle ownership through a lottery becoming the latest locality to do so as air quality and traffic congestion worsen.
One of the mainland's most polluted cities will limit vehicle ownership through a lottery, becoming the latest locality to do so as air quality and traffic congestion worsen.Shijiazhuang, capital of steel-producing Hebei province surrounding Beijing, will restrict the number of new vehicles to 100,000 this year and limit households to owning two cars. That quota will be cut to 90,000 in ...
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President Xi announces campaign for Communist Party of China
Xi Jinping says the Communist Party of China needs to clean up its act to keep public support. Xi announced Tuesday that the party is launching a campaign to instill good habits in its members and officials, Xinhua, the official government news agency, reported. He said the party must be dedicated to "serving the people, being down-to-earth, upright and corruption-free" China remains ...
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Xi meets UN chief
Xi Jinping on Wednesday met with UN Secretary-General Ban Ki-moon. Xi said people around the world have pinned their hopes on the UN on multiple occasions, as it has conducted a number of important missions. Profound and complicated global changes require all UN members to work together to address difficulties and challenges, Xi said. Xi called for the UN to uphold peace and development, ...
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Talks establish fishery hotline
Agricultural authorities from Beijing and Hanoi agreed on Wednesday to establish a fishery emergency hotline, as the leaders of the two countries vowed to prevent disputes from derailing ties. On his first official trip to China, Vietnamese President Truong Tan Sang and President Xi Jinping also witnessed the signing of another nine agreements in areas including defense, economy and public ...
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City plan will grant migrants benefits
Shanghai for migrant residents from other parts of the mainland, with personal circumstances and contributions translated into points corresponding to the public services they are eligible for. Shanghai is the first city on the mainland to adopt such a system, which will take effect on July 1. "The policy conforms to the country's intention of rationally controlling oversized ...
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Yao looks to PwC for charity credibility
/enpproperty--> The Yao Foundation, established by former NBA star Yao Ming, is aiming to enlist the help of auditor PricewaterhouseCoopers as the public calls for greater transparency in the charity sector. After a ceremony to announce a partnership with hotel company Marriott International on Wednesday, Yao said some PwC employees were working as volunteers at the Yao Foundation, which is ...
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Taiwan and China look to create unified LED light technical standard
TAIPEI -- The Taiwan LED Lighting Industry Association (TLLIA) signed a letter of intent with its Chinese counterpart in Guandong province on a proposal to jointly promote a unified technical standard for LED lighting ...
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Eslite Bookstore plans to establish its newest store in Shanghai by 15
TAIPEI -- Eslite Spectrum Corp., the operator of Taiwan's leading book chain Eslite Bookstore, announced yesterday that it would establish a foothold in Shanghai by ...
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Automotive giant GM plans to invest US$11 bil. in China
SHANGHAI--General Motors will invest US$11 billion in China through 2016, executives said Wednesday, as the U.S. car giant broke ground on a plant to produce luxury Cadillacs for the world's biggest auto ...
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HK forum to propose Taiwan China solution DPP ex-head
TAIPEI -- A forum highlighting the development of cross-straits relations and creativity will propose solutions to narrow the political differences between Taiwan and China, an official of opposition Democratic Progressive Party (DPP) said on ...
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Chinas Huawei to launch new smartphone for high-end market
SHANGHAI -- Chinese telecoms giant Huawei will launch a new smartphone on Tuesday to better compete with high-end rivals like Apple and Samsung overseas, a company official ...
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Twin lions in Barrhaven park a ‘monument’ to Chinese-Canada relations
OTTAWA -- Two Chinese guardian lion sculptures were "awoken" Wednesday morning in a Barrhaven park as a symbol of the neighbourhood's large Chinese community, and Ottawa's close ties to the Asian country.The two, 2,000-kilogram white marble statues stand at the entrance of the recently renamed Water Dragon Park on Chapman Mills Drive. They were met by about 100 people from ...
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Ex-Communist Party of China official executed for child rapes state media reports
The case of Li Xingpong, the former deputy Communist Party chief of Yongcheng city, caused an uproar online after police said he had raped 11 girls, all under age 18, since the latter half of 2011. Abuse of power by Communist Party officials has long been a central cause of online activists, and Li's case was seen by some as emblematic of the problem. In response, the government has ...
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Skeptics on China might be right but timing is a hurdle too
Take a banking system that is opaque at best. Add a global financial community well-versed in signs of stress following the 2008 meltdown in the West - and one that is on the lookout for them. Thus each twitch in a system - say, the spike in China's interbank rates - is a fresh fill-in-the-blank opportunity for China Cassandras to press their favourite theory of ...
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The yacht indicator Chinese mogul splashes out
Wanda Chairman Wang Jianlin, third from left, toasts near British Ambassador to China Sebastian Wood, third from right during a Dalian Wanda Group event at a hotel in Beijing, China, Wednesday, June 19, 2013. Chinese property and cinema conglomerate Dalian Wanda Group said it is buying British yacht maker Sunseeker and will develop an upmarket London hotel, expanding into the luxury market as ...
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Anti-Pervert Tights Become Internet Sensation in China
These days, girls in China can keep perverts away by wearing "full-leg-of-hair stockings" in public. At least that's what an advertisement says on Sina Weibo, China’s version of Twitter. When a girl dons a pair of these tights, her legs look as hairy as a man's – or hairier. Netizens passed around images of these furry stockings, which became one of the most ...
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Human Rights Activist Discloses Fellow Dissident Du Bin’s Whereabouts
Du Jirong, sister of human rights activist Du Bin, holds up a sign saying "Du Bin is innocent." outside the Fengtai District Public Security Bureau. (China Human Rights ...
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Cancer top killer in Beijing for sixth straight year 8550 diagnosed daily nationwide
Cancer was the major cause of death for Beijing residents for the sixth consecutive year, according to a white paper issued by Beijing Municipal Health Bureau Tuesday. The white paper on Beijing residents' health conditions in 2012 also showed the second and third killers are heart and cerebrovascular diseases, which, along with cancer, caused 73.3 percent of total deaths. Lung cancer, the ...
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Chinas Hunger For Pork Will Impact The U.S. Meat Industry
Smithfield Foods Inc., the world's largest pork producer by sales volume, has agreed to be acquired by Shuanghui International Holdings, a privately owned meat processing company headquartered in China, for $7.1 billion including debt, valuing the company's equity at $34 per share. Although the deal still needs to receive shareholder and regulatory approvals, we believe it can have a ...
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UN chief hails Chinas peacekeepers
The courage and solidarity of Chinese troops on UN peacekeeping missions around the world has been praised by the organization's chief. UN Secretary-General Ban Ki-moon arrived in Beijing on Wednesday for his sixth visit to China. He said xie xie -- thank you in Chinese -- many times at the peacekeeping center of the Ministry of National Defense, noting that China has made great ...
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Space lesson to reach millions
/enpproperty--> More than 60 million students and teachers at China's 80,000 middle schools will experience a special class delivered by China's first teacher in space from more than 300 kilometers above Earth's surface. Female astronaut Wang Yaping will carry out fundamental physics experiments onboard the orbiting Tiangong-1 space module at around 10 am on Thursday, the ...
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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