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Australia shares seen down after Fed comments eyes on China PMI
SYDNEY, June 20 (Reuters) - Australian shares are expected to drop on Thursday, following Wall Street's lead after Federal Reserve Chairman Ben Bernanke said the U.S. central bank could begin to scale back its stimulus measures later this year. Investors will also focus on the China HSBC flash PMI for June, due at 0145 GMT, for signals on momentum in Asia's biggest economy after its ...
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Buddhist Monks Form Badminton Team in China
Beijing, Jun 19 (Prensa Latina) Monks of the ancient Buddhist temple Lingyin, a sanctuary in the province of Zhejiang, a place where those who seek spiritual peace go on a pilgrimage, made up the only formal badminton team in the religious circles in China. According to reports published today in Beijing, its members have been awarded in different competitions and reached the third position the ...
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China less likely to release property curbs
BEIJING - The government is not likely to release new tightening policies in the short-term to curb property prices, JP Morgan's chief China economist Zhu Haibin said Wednesday. He said that given the faltering economic recovery and varied regional conditions, the possibility for the central government to release new tightening policies targeting the property market remains low. It is ...
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Intl trade fair closes in NE China
Heilongjiang province, with major contracts being signed. About $14 billion worth of foreign-related contracts and 587 domestic projects valued at 250.9 billion yuan ($40.9 billion) were signed during the five-day fair, according to the fair's organizing committee. Import and export contracts amounted to about $11.4 billion. Export trade deals mainly covered clothes, textiles, equipment ...
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Moodys warns on Chinas local govt debt
Local government debt poses a key risk for Chinese banks, Moody's said Wednesday, the latest warning amid growing jitters of financial risks in the world's second largest economy. The rating agency said in a report that many local government financing vehicles (LGFVs) have seen their cash flow stagnate or decline, while their debt levels have risen. Among 388 ...
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Death of Dolphin in China Sparks Outrage—and Questions
The death of a dolphin in China that was photographed with beachgoers handling it shortly beforehand has sparked outrage on the country's social media ...
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US condemns China Russia and Uzbekistan for human trafficking
Uzbeks work in fields outside Tashkent, Uzbekistan, which has been criticised for 'subjecting its citizens to forced labour'. Photograph: Denis Sinyakov/AFP/Getty ...
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Japan finds its land in China
For decades, China and Japan have not been able to settle the dispute on the Diaoyu Islands (Senkaku). Both countries consider the islands their own territory and find various historical reasons to prove their rightness. Numerous talks and meetings were conducted at the highest level, but the issue remains unresolved. A month ago, the territorial dispute flared up again. What can it lead ...
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Basketball Opals lose to China in opening game of series
China The Opals lost to 69-64 to China in the opening game of their series in Shanxi on Wednesday.Opals coach Brendan Joyce gave international debuts to Sara Blicavs, Natalie Burton and Kelly Wilson in the first encounter of the three-game series.Co-captains Belinda Snell and Jenni Screen led the scoring for the Opals, Snell delivering a game-high 24 points to go with seven rebounds, while ...
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Trafficking in Persons Report U.S. downgrades Russia China
Trafficking in Persons (TIP) Report. The TIP report ranks governments, including the United States, on their efforts to combat and prevent human trafficking. While Tier 1 is the highest ranking, it does not mean that a country has no human trafficking problem. The TIP report ranks countries into one of three tiers based on their level of compliance with the minimum standards for the elimination ...
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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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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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AAM recognized by Beijing Benz Automotive Company as Outstanding Supplier
DETROIT, June 20, 2013 /PRNewswire/ -- A commitment to managing quality and cost through operational excellence has earned AAM a 2012 Supplier Award for Best Powertrain by Beijing Benz Automotive Company (BBAC), a joint venture between Beijing Automotive ...
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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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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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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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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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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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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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Coal-spewing Hebei factories are killing 40 Beijing babies a year
Beijing, Tianjin and six cities from Hebei province (link in Chinese). Theconcentrationof PMI 2.5, the toxic particles that are largely caused by coal smoke, rose 19% compared with the previous month in Beijing and Tianjin. Despite public outrage about the air's inescapable foulness, there isn't much evidence out there about its health impact. The data that does exist isn't ...
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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