Latest Beijing News
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N Korea releases China sailors
North Korea has released 16 Chinese fishermen and their boat, Chinese state-run media said on Tuesday, after reports that armed assailants had taken the sailors hostage and demanded a ransom. "All the fishermen with the boat are safe on their way back," China's Xinhua news agency said, citing a Chinese embassy official in Pyongyang it said had heard the news from the ship's ...
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China insurer PICC PC plans $938 mn rights offer
Casualty Co Ltd (PICC P&C) is raising 5.76 billion yuan ($938 million) to bolster capital, expecting strong growth and amid signs that profitability of Chinese insurers are coming under pressure. China's property and casualty insurance market is expanding between 10-15 per cent annually, making it the fastest growing in the world. That growth also makes it imperative for the insurers to ...
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Washington’s hacking charges escalate pressure on China
Yesterday, top US officials and media made unsubstantiated allegations of hacking of US computer systems by a military unit in Shanghai, escalating tensions with China. ...
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Annual fishing ban on South China Sea begins today
An annual fishing ban on the northern part of the South China Sea will begin on Thursday, aiming to further protect marine resources and promote environmental awareness among ...
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Hainan Airlines to launch Beijing-Chicago route on Sept 3
Economy-class passengers on the new route, which will initially use an Airbus 340, will be charged about 5,500 yuan ($895.4) for return tickets up to the end of ...
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China’s Xi will meet Obama earlier than expected
China president Xi Jinping AP FILE PHOTO BEIJING -- China’s new leader Xi Jinping will confer with President Barack Obama next month in California, months earlier than their expected first meeting, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North Korea. The June 7-8 meeting at a retreat southeast of Los Angeles, announced Monday by the White ...
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China Jiangsu Commodities Exhibition opens in Osaka
China Jiangsu Commodities Exhibition 2013 kicked off on Tuesday in the western Japanese commercial city of Osaka, attracting more than 160 firms and manufacturers from the Chinese coastal province.The three-day event, held in "MyDome Osaka," a major exhibition hall in central Osaka, is mainly organized by the Japan-China Economic Relations and Trade Center in cooperation with the ...
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Chickens back on the menu in China
Panic over the spread of the deadly bird flu across China appears to be subsiding, with a few outbreak-hit provinces rolling back their high-alert state of readiness after reporting no new infections over the past two weeks. With experts expecting the impending summer heat to weaken the H7N9 virus, three eastern provinces - Jiangsu, Zhejiang and Shandong - have announced that they will relax ...
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China India agree to boost peace along border
India and China agreed to explore ways to maintain peace along their long but undefined border, as visiting Chinese Premier Li Keqiang promised to build trust with India. Li said "amicable ties" between the two economic powers were good not just for Asia, but for the world as well. Weeks after a border dispute was resolved, Indian Prime Minister Manmohan Singh and Li yesterday agreed ...
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Beijings Pollution Alarms Neighbors
Severe air pollution on Jan. 12 in Beijing, China. Air quality index levels were classed as "Beyond Index." (Photo: Hung Chung Chih, ...
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Hong Kong shares nudged off 3-12-month high China slips
Tue May 21, 2013 12:29am EDT * HSI -0.5 pct, H-shares -1.1 pct, CSI300 -0.2 pct * ICBC down 2 pct after Goldman, vs 2.5 pct discount * PICC P&C slides after $938.3 million rights issue By Clement Tan HONG KONG, May 21 (Reuters) - Hong Kong shares fell from a 3-1/2-month high on Tuesday, while China markets looked set for their first loss in five days, hurt by a series of fund raising moves and ...
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UPDATE 3-Goldman exits Chinas ICBC 7 years and billions later
Tue May 21, 2013 12:09am EDT * Goldman prices final tranche at top of marketing range * U.S. bank made initial investment in 2006 * Return on investment is almost 4 times original stake * ICBC shares drop 2 pct early on Tuesday By Fiona Lau and Elzio Barreto HONG KONG, May 21 (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank ...
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No new H7N9 cases in China for a week—government
Electron microscope image provided by the Centers for Disease Control and Prevention shows the H7N9 virus which can take on a variety of shapes. . AP FILE PHOTO BEIJING--No new human cases of the H7N9 virus have been recorded in China for a week, national health authorities said, for the first time since the outbreak began in March. One previously infected patient died in the week beginning ...
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A glance at the Central China Expo 2013
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Is China Sending Its Treasurys Packing
Reports that China may step up the diversification of its huge foreign exchange reserves is not great news for U.S. Treasurys, already under pressure from talk about an easing in the Federal Reserve's bond-buying program. But, the fall-out from such a move is likely to be limited, analysts say. The body that manages China's currency reserves has set up an operation in New York to ...
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Central China Expo inks deals worth 447b yuan
/enpproperty--> A total of 435 contracts were signed at the eighth Central China Expo, yielding an investment value of 446.9 billion yuan ($72.7 billion), nearly triple that of last year's event, according to the expo's organizing committee on Monday. Investment mainly eyes emerging ...
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Brazil China to cooperate on digitalization of historical archives
Antunes said that Brazil can learn a lot from China when it comes to digital preservation of archives, as China has much more experience on this ...
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North Korea releases detained Chinese sailors Xinhua
North Korea has released 16 Chinese fishermen and their boat, Chinese state-run media said Tuesday, after reports that armed assailants had taken the sailors hostage and demanded a ...
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Rubber factories in Laos encounter export problem with China
Rubber processing factories in Lao province of Oudomxay are facing unexpected problems because China is not allowing the import of rubber from Laos at the moment, causing large amounts of the material to remain in stock.Sino-Lao Rubber Company Director Oun told the media recently that, after the company had invested in the building of a rubber processing factory, they encountered an export ...
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India China vow to find border solution
Putting the recent Ladakh incident behind them, visiting Chinese Premier Li Keqiang and Prime Minister Manmohan Singh today expressed their commitment to find a solution to the border dispute between the two countries. The two sides also discussed China's building of new dams on the Brahmaputra river and India's concern over the same. Addressing the media after the two leaders held ...
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Gday China rings loud in push for investment
Darwin 0800 About 150 heavy-hitters in the minerals and resources sector have gathered for the opening of a three-day conference in Darwin.The first Australia China Minerals Investment Summit is a shared initiative involving the South Australian and Northern Territory governments.About 300 representatives of the business and government sectors will take part in the event, including a ...
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China E-commerce trumps retail
Not so much. FORTUNE -- Just as cash-strapped consumers in the developing world bypassed so-called landline phones in favor of mobile devices, so China's lower-income consumers are skipping physical stores in favor of e-commerce sites. ...
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U.S. Says 3 N.Y.U. Scientists Took Bribes to Reveal Work to China
It was, the chief federal prosecutor in Manhattan said on Monday, ...
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Indias Essar Oil to sign $1 billion debt-for-fuel deal with China
MUMBAI/NEW DELHI | Mon May 20, 2013 10:59pm EDT MUMBAI/NEW DELHI (Reuters) - India's Essar Oil Ltd (ESRO.NS) will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina (601857.SS). Essar Oil could sign a preliminary agreement with China Development Bank (CDB) ...
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Chinas Zhang Jike retains mens singles title at table tennis worlds
Fourth seed Zhang Jike retained his men's singles title at the World Table Tennis Championships by beating third seed Wang Hao in an all-Chinese final here on Monday.Zhang's win was a repeat of the final at the 2011 Rotterdam World Championships and the 2012 London Olympic Games, where he defeated Wang to become the first men's singles world champion to win Olympic men's ...
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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