Latest Beijing News
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Chinas Lunar Exploration Program
China had collected all the data needed to draw its first full map of the moon surface and was almost done with the mapping work, Sun Jiadong, the chief designer of the country's Chang'e -1 lunar probe has ...
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China seeks win-win development with Asia
BEIJING, March 10 (Xinhua) -- Residents in Hekou in southwest China can still recall its former days as a quiet, anonymous town that attracted few visitors from neighboring Vietnam for business or sightseeing.But major changes have hit the town in Yunnan province. With two roads and one rail line linking it with Vietnam, Hekou has become a bustling hub for Vietnamese visitors buying bargain ...
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China stocks plunge on US debt train crash
Chinese stocks tumbled Monday as investors sold off holdings increasingly worried about a possible default of government debt by the United States which is to bring the global economy back to a serious slowdown. Also, railway shares plunged after the weekend deadly high-speed train wrecking accident in East China's Zhejiang Province which has killed at least 36 people and injured more than ...
More Beijing News
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China announces enforcement regulations for amended personal income tax law
The State Council, or China's cabinet, on Wednesday announced new regulations designed to facilitate the enforcement of the country's new individual income tax law, which features an increased monthly tax exemption threshold.Premier Wen Jiabao signed a State Council order to approve the creation of the regulations, which are set to take effect on Sept. 1, 2011.The National ...
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China calls for stronger coordination between peacekeeping peacemaking peacebuilding
In order to address new challenges, coordination between UN peacekeeping operation, peacemaking and peacebuilding efforts needs to be strengthened, Wang Min, deputy permanent representative of the Chinese Mission to the United Nations said here on Wednesday.Wang made the remarks when he addressed a UN Security Council's open meeting on UN peacekeeping operations.He pointed out that as ...
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Vice premier urges all-out rescue efforts after deadly train collision in China
Chinese Vice Premier Zhang Dejiang (C) presides over an meeting on relief work and investigation of the high-speed train crash in Wenzhou, east China's Zhejiang Province, July 24, 2011. Zhang is leading a work team in Wenzhou to assist in relief work and conduct an investigation into the accident. (Xinhua/Wang Ye)Chinese Vice Premier Zhang Dejiang on Sunday urged local authorities to ...
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China refutes claims RMB undervalued
As of July 21 of 2011, the RMB exchange rate reform had been implemented for 10 years. On that day, the average exchange rate of the RMB against the U.S. dollar was 6.4536, which was a new record since China exchange rate reform started. Since 2005, the RMB has appreciated by almost 22 percent against the U.S. dollar. However, such a great RMB appreciation still has not satisfied the United ...
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Central bank governor China always confident in euro
China welcomed European Union's agreement on the 109 billion euro bailout plan for Greece and has been confident of the stability of the euro zone and other member countries in the past, present or future, said Zhou Xiaochuan, governor of People's Bank of China on July 23 during an interview with Financial Times. Bailout plan helps bring financial stability After eight hours of ...
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New Zealand suspends meat exports to China amid confusion over authority name change
The New Zealand government has stopped issuing export certificates for meat exported to China, after shipments were rejected by the Chinese Customs authorities, according to reports Monday.It is the latest move by the government after shipments of New Zealand lamb and beef were rejected by the Chinese Customs officials this month because of the name change of the New Zealand regulating authority ...
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Premier Li confident of China-India co-op
/enpproperty--> Following his meeting with Indian counterpart Manmohan Singh on Sunday night, Chinese Premier Li Keqiang said to reporters he has three goals for his first trip as premier: boost mutual trust, deepencooperation and look toward the future. "China and India combine for more than one third of the world's population," said Li. "The China-India bilateral ...
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To Estee Lauder growth prospects in China look beautiful
Fabrizio Freda, CEO of Estee Lauder Cos, travels to China three or four times a year for a firsthand look at the cosmetics giant's business in what he calls "a most promising emerging market". But the "enormous" potential of the Chinese mainland - currently 5 percent of the company's sales - has the Italian-born executive thinking more-frequent visits are in the ...
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US China aim to avoid power struggle says envoy
/enpproperty--> China's Ambassador to the United States Cui Tiankai believes China and the US are committed to avoiding a big-power rivalry that has been common throughout history and often led to conflict or even war. "Now, there is a determination both in China and in the United States to not allow history to repeat itself," Cui told Foreign Affairs magazine in an ...
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Chinas property market continues to heat up
Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic ...
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Beijing means business Chinas premier comes to India bearing an economic olive branch
When Chinese Premier Li Keqiang arrives in New Delhi on May 19, it will be as the leader of an invigorated state pursuing the so-called Chinese dream of prosperity and national pride.With its top leadership for the next decade now firmly in place, the world's second-largest economy is anxious to position itself as a world leader and distance itself from the United States. China is focusing ...
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China sentences underground bank operator to death
BEIJING (AP) -- A businesswoman in southern China has been sentenced to death on charges of defrauding investors as the government tightens controls on informal financing that is widely used by ...
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IHT Rendezvous ‘Cadmium Rice’ Is China’s Latest Food Scandal
BEIJING — "Cadmium rice," as it's dubbed, or rice laced with levels of the metal cadmium that exceed national safety standards, has become the latest food scare in China, sparking a health and P.R. scandal in a nation long used to — and deeply worried about — unsafe food. Last week, the authorities in the southern province of Guangdong found that more than 44 ...
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Chinas red-hot property market shows no signs of slowing
Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic ...
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UPDATE 2-French food group Danone takes second chance with China Mengniu
Mon May 20, 2013 1:15am EDT * JV and Mengniu investment worth $417 million * Deal is latest move to restore confidence * Mengniu shares hit 17-month high (Adds analyst comment, details on China dairy market) By Donny Kwok HONG KONG, May 20 (Reuters) - Danone Group has agreed to invest 325 million euros ($417 million) in two deals with China Mengniu Dairy Co Ltd, marking a comeback for the ...
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Crucial talks between India and China today border issue to be discussed
Ahead of the formal talks with his Indian counterpart, Chinese Prime Minister Li Keqiang on Monday hoped that his visit will lead to increase in mutual strategic trust between the two sides.The border issue is likely to be discussed between the two nations in the crucial talks on Monday and the Chinese PM said he is looking forward to have a productive discussion with PM Manmohan Singh.Keqiang ...
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New suicides reported at Foxconn China factory
LOS ANGELES (MarketWatch) -- Three workers at a Foxconn Technology Group factory in Zhengzhou, China, have killed themselves over the past three weeks, Agence France-Presse reported Saturday, citing state media and a labor-rights group. The reported deaths -- involving a 30-year-old married man, a 23-year-old woman and 24-year-old man -- revive the specter of a wave of suicides that have struck ...
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Bird flu costs China industry $65 billion
CHINA'S human H7N9 bird flu outbreak has cost the country's poultry industry more than 400 billion yuan ($A66.96 billion) as consumers shun chicken, government officials have told state media. The sector has been losing an average of one billion yuan a day since the end of March, the Beijing Times said on Monday, citing Li Xirong, head of the National Animal Husbandry Service. H7N9 avian ...
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China pledges mutual trust with India
CHINESE Premier Li Keqiang has pledged to build up mutual trust and cooperation with India as he held talks in New Delhi, saying good relations between the countries are key to world peace. "The purpose of my current visit to India is three-fold - to increase mutual trust, to intensify cooperation and to face the future," Li told reporters on Monday as he held talks with his Indian ...
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Hong Kong shares soar to 3-12-month high China set for 4th straight gain
Mon May 20, 2013 12:45am EDT * HSI +1.7 pct, H-shares +1.8 pct, CSI300 +1.1 pct * Gains in strong volumes, HK catch up after Friday public holiday * China April home price data lifts property sector * Tencent hits another record high, surpasses HK$300 mark By Clement Tan HONG KONG, May 20 (Reuters) - Hong Kong shares jumped to their highest since early February on Monday, led by Chinese cyclical ...
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Chinas Tingyi Q1 profit falls 47 pct as sales slow
HONG KONG | Mon May 20, 2013 12:16am EDT HONG KONG May 20 (Reuters) - China's Tingyi (Cayman Islands) Holding Corp, a maker of drinks and instant noodles, on Monday posted a 47 percent fall on its first-quarter profit due to slower sales growth and an increase in advertising and marketing spending. Tingyi, which has a broad-ranging partnership with PepsiCo Inc and sells noodles ...
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Craig Stephens This Week in China China ‘hard-landing’ trades revisited
HONG KONG (MarketWatch) -- A string of banks trimming their Chinese growth forecasts last week does not have alarm bells sounding yet. But as well as reviewing China's misfiring economy, it is probably time to revisit some "China hard-landing" ...
Beijing Feature
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Massive Beijing Subway expansion plans
The Beijing Subway is one of the biggest, most efficient and most used subways in the world. It is constantly undergoing expansion and upgrades, and yet is unable to keep up with the growth of the capital city. With the recently announced plans for the expansion of the subway by over 60%, the city will certainly be hard-pushed to meet the massive task.
The Beijing Subway is one of the largest in the world. It carries over 5 million people every day, and hundreds of trains run on 228kms of track and service 147 stations. It is a feat of engineering, planning and coordination every single day. It is a network that Beijing commuters should be proud of, it represents the forward-thinking and development of the city. Read more
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