Latest Beijing News
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China Supercomputer Tianhe-2 Claims Fastest Computer Title
A Chinese supercomputer – the Tianhe-2 – has leapt to the top of the latest Top 500 List, which tracks the fastest supercomputers in the world. The Tianhe-2 (or ';Milky Way-2″), which became fully operational two years ahead of schedule, clocks in at an astounding 33.86 petaflops per second. A petaflop is one trillion calculations. The Tianhe-2 is over 20 billion times as ...
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Hospitals in China Advertise Sale of Unwanted Babies
A nurse massages babies at the Xining Children Hospital in Xining City, Qinghai Province. Hospitals in Henan Province have been advertising the selling of unwanted babies, according to a report by China National Radio. (Getty ...
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China reduces US debt holding by less than 0.5
/enpproperty--> China, the largest foreign buyer of US Treasury securities, trimmed its holdings by $5.4 billion to $1.26 trillion between April and March, as foreign investors generally dumped US government debt, the US Treasury said. The reduction in China's US debt holdings by just under half of one percentage point was part of the first overall drop in foreign demand for US ...
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Beijing Suspicions Snowden spied for China ‘groundless’
BEIJING: China's foreign ministry on yesterday dismissed as 'groundless' suspicions that former US contractor Edward Snowden spied for Beijing."I think it is completely groundless," said foreign ministry spokeswoman Hua Chunying when asked at a regular news briefing if Snowden spied for China.They were the first concrete comments from Beijing on Snowden. Last week, Hua ...
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Pact doesnt seek to exclude China
/enpproperty--> The controversial Trans-Pacific Partnership continues to be fanned by speculation about the reasons behind an apparent intentional exclusion of China, led by the United States - but some suggest the argument falls flat for two reasons. Opponents of the "containment" theory find it difficult to conceive of a comprehensive Asia-Pacific trade pact that excludes ...
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Beijing luxury property market rebounds in May
/enpproperty--> Sales of domestic upmarket properties seem immune to the tightening policies that aim to rein in rampant housing price hikes and deter speculation, as both transaction volumes and the sales prices of Beijing's luxury apartments soared in May from April. A total of 82 luxury apartments priced at more than 15 million yuan ($2.45 million) were traded in May in the ...
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Four Seasons Shenzhen set to open in Chinas powerhouse city.
The 8th Four Seasons property in China will welcome business travellers to this important commercial hub, as well as leisure guests taking in ...
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Starboards battle with Smithfield over China-deal adds to activist image
By Nadia Damouni and Olivia Oran NEW YORK, June 17 | Mon Jun 17, 2013 7:56pm EDT NEW YORK, June 17 (Reuters) - Since Starboard Value LP was spun off as a separate hedge fund just over two years ago it has been fast gaining a reputation for aggressive shareholder activism, pushing for change in household names including AOL and Office Depot Inc. Initially investing in small cap value ...
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Quiet Assassin Bolton to quit Fidelity after China fund flop
The 63-year-old will step down as head of the Fidelity China Special Situations investment trust next year after three difficult years trying to master the world's second-largest economy.Nicknamed the Quiet Assassin in City circles, Bolton earned a stellar reputation as head of Fidelity Special Situations fund in the UK, making annual returns of 20% during his 28 years at its helm. He ...
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NYU Denies Receiving Pressure From China to Force Out Chen Guangcheng
A freeze-frame from a video address blind Chinese dissident Chen Guangcheng recorded and released after having escaped house arrest and sheltered in the U.S. embassy in Beijing on April, 22, ...
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WRAPUP 3-Snowden rejects suggestions he is a spy for China
Mon Jun 17, 2013 7:33pm EDT * Snowden hits back against critics, criticizes Obama * He questions whether he can get fair trial in U.S. * Shrugs off Cheney criticism, calls it an 'honor' * Obama reiterates trade-off between security and privacy By Laura MacInnis and John Whitesides WASHINGTON, June 17 (Reuters) - Edward Snowden, the former National Security Agency contractor who exposed ...
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New York University forcing me out China dissident
New York University was forcing him and his family to leave at the end of this month because of pressure from the Chinese government. The university denied Chen's allegations. Chen said in a statement that China's Communist Party had been applying "great, unrelenting pressure'' on NYU to ask him to leave, though he did not provide details or evidence to back his claim. ...
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Booklet Published to Foster Closeness With Church in China
Friday Is World Day of Prayer for Chinese ChristiansBy StaffROME, May 23, 2013 (Zenit.org) - An Italian publisher dedicated to the missions has published a booklet to aid in prayer for the Church in China, as May 24 is the World Day of Prayer for the Church there.Since China mandates that religious organizations be registered with the Patriotic Association and strictly controlled by the ...
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Chinas economy at risk of turning Japanese
Despite a history of conflict and competition, China and Japan share a contiguous geography and development models. China may also share Japan's economic fate.Japan's post-war economic recovery was based on an export-driven model, using low-cost labour to drive manufacturing. Consciously or unconsciously, China followed the same model when the country started to open up economically ...
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Slatest PM The Petting a Phoenix In China Edition
Washington Post : "Edward Snowden, who acknowledged leaking top-secret documents about extensive U.S. surveillance of telephone calls and Internet communications, claimed in an unusual live chat Monday that he sees no possibility of a fair trial in the United States and suggested that he would try to elude authorities as long as possible. The U.S. government has 'openly declar[ed] me ...
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Edward Snowden Chinas Useful Idiot
. (Kin Cheung/AP) In the week since he publicly identified himself as the source of classified information regarding NSA cyber-snooping programs, Edward Snowden has framed his flight to Hong Kong as an act of patriotism. When asked earlier whether he was a hero or a traitor, Snowden insisted he was neither: "I am an American," he said. And today, in ...
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Chinese pro-life activist says Beijing pressured NYU to end his fellowship
Chen Guangcheng, the blind Chinese pro-life activist who came to the US after an international incident in 2012, is losing his fellowship at New York University (NYU), and charges that the school has caved to pressure from the Chinese government. Chen received a fellowship at NYU as part of a negotiated settlement that allowed him to travel to the US, after he escaped from house arrest and ...
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China rejects Snowden spying claims
/enpproperty--> Foreign Ministry officials said on Monday speculation that NSA whistle-blower Edward Snowden might have spied for Beijing is unsound. "Such a notion is totally groundless," Chinese Foreign Ministry spokeswoman Hua Chunying said at a daily news conference. In its first official response to the Snowden case, the ministry also warned against politicizing the issue ...
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REUTERS SUMMIT-Ebay CEO confident of getting China payments license
Mon Jun 17, 2013 4:09pm EDT (For other news from Reuters Global Technology Summit, click on www.reuters.com/summit/Tech13) By Alistair Barr SAN FRANCISCO, June 17 (Reuters) - Ebay Inc will become the first foreign company to secure a financial payments license in China, CEO John Donahoe predicted, but the retailer is refraining from competing in the more aggressive and local-dominated retail ...
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China Boasts Worlds Fastest Computer
China can now boast the world’s fastest supercomputer, according to the semiannual TOP500 official listing of the world's fastest supercomputers released Monday. Tianhe-2, or Milky Way-2, clocked in at number one with a performance of 33.86 petaflops per second, according ...
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N.S.A. Leaker Denies Giving Classified Data to China
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China bytes back with fastest computer
/enpproperty--> China is back on top of the supercomputing world with the successful operation of Tianhe-2, the world's fastest computer. A delighted Liao Xiangke, the 50-year-old chief designer, said his team's supercomputing dream will never ...
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Jiaolong completes dive in South China Sea
, or Sea Dragon, begins a trial mission in the South China Sea on Monday. It set a Chinese record after reaching 7,062 meters in the Pacific Ocean's Mariana Trench in June last year. Photo by Zhang Xudong / ...
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China sets focus on service industries
WUXI -- Now is the best time for China to develop its service trade, and the country can become one of the biggest outsourcing service providers in the world within the next few years, Wei Jianguo, former vice minister of commerce and secretary-general of China Center for International Economic Exchanges, said on ...
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Basement living in China
Magnum Foundation . In this photo, Big Rain, 21, a KTV lounge worker, is seen in his basement room beneath Beijing's north Third Ring Road, Beijing, China, May 9, 2011. Originally from Heilongjiang in China's northeast, he's been in Beijing for the past year. Faced with sky-high property prices, living underground is often the only option for this legion of low-waged migrant ...
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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