Latest Beijing News
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China sex tape official Im a lecher but no crook
BEIJING (AP) -- Call me a lecher but don't call me a crook, an ex-city official at the heart of a sex tape scandal has said in his unusually spirited courtroom defense against corruption ...
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GLOBAL MARKETS-End to Fed stimulus China slowdown rattle swathe of world investments
Thu Jun 20, 2013 5:31am EDT * Clear signal of Fed tapering sparks global asset selloff * U.S. bond yields soar, hitting high-yielding currencies * Asian markets extend falls on weak China data * European shares down two percent in early trade By Richard Hubbard LONDON, June 20 (Reuters) - The U.S. Federal Reserve's explicit signal it will stop pumping money into the world economy and data ...
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17th CYLC national congress closed in Beijing
Delegates pose for photos after the closing of the 17th national congress of the Communist Youth League of China (CYLC) at the Great Hall of the People in Beijing, capital of China, June 20, 2013. Photo: ...
More Beijing News
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China stocks tumble as manufacturing activity falls to nine-month low
Chinese shares slumped on Thursday after HSBC data showed that manufacturing activity fell to a nine-month low this month.The benchmark Shanghai Composite Index fell 2.77 percent, or 59.43points, to end at 2,084.02. The Shenzhen Component Index declined 3.25 percent, or 273.76 points, to 8,147.48.The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) for June fell to 48.3, the lowest ...
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One million buy Chinas first online investment fund
The number of buyers of "Yu'E Bao," regarded as China's first online investment fund aimed at individuals, has exceeded 1 million since its trial launch last Thursday.The fund was introduced by Alipay, China's largest third-party payment platform. It gives Alipay's near-800 million users the option to directly invest with the private TIANHONG Fund using spare cash ...
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Digitimes Research TSMC expanding in China
Taiwan Semiconductor Manufacturing Company (TSMC) has significantly expanded its presence in China's IC industry, as the foundry's technology advantages and manufacturing capabilities help it ride the wave of smartphone and tablet growth in the local market, according to Digitimes ...
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HP CEO to visit China and Taiwan
Hewlett-Packard (HP) CEO Meg Whitman is set to visit China and Taiwan in the near future to promote its businesses and meet with upstream suppliers and partners, according to the ...
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Innolux not to be largely affected by subsidies ending in China says company president
Innolux is likely to see a decrease in TV panel shipments over the next 2-3 months due to an expected decline in TV sales in the China market, but expects shipments to bounce back around the October 1 holiday period, according to company president JC ...
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Obama Suggests Further Cuts to U.S. Russian Nuclear Arsenals As China’s Buildup Continues
PLA soldiers stand on military vehicles during a military parade marking China's 60th anniversary near the Tiananmen Square in Beijing, China, Thursday, Oct. 1, 2009. (AP Photo/Vincent Thian) (CNSNews.com) - President ...
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UPDATE 3-Oil falls $2 on China slowdown concern Fed plan
Thu Jun 20, 2013 5:07am EDT * China June flash HSBC PMI hits 9-month low * Bernanke says Fed likely to reduce bond buying this year * Coming Up: U.S. existing home sales May; 1400 GMT (Previous SINGAPORE, updates prices) LONDON, June 20 (Reuters) - Oil fell on Thursday to a one-week low near $104 a barrel, pressured by a survey pointing to a slowing Chinese economy and the U.S. Federal ...
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Beckham fans cause stampede in China
Former England captain David Beckham arrives at Tongji University surrounded by his fans in Shanghai, China. Beckham cancelled his event at Tongji University after a stampede accident happened upon his arrival, injuring at least five people on ...
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China money rates hit record highs
(1 min ago) The mainland's benchmark money-market rates have climbed to record highs as the central bank refrained from using reverse-repurchase agreements to address a cash crunch. The People's Bank of China didn't conduct open-market operations to add or drain funds today and sold two billion yuan of three-month bills, RTHK ...
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Live from space Chinas zero-gravity science lesson
29/06/2012 11:13 CET It’s not your average lecture when your professor is speaking to you from space. On Thursday China’s second ever female astronaut gave a special lesson on physics to 60 million Chinese schoolchildren and teachers back on earth, according to Chinese media. Aboard the Tiangong 1 module she explained the effects of zero gravity on weight and mass, and how ...
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Why India trails behind China in economic growth Amartya Sen
Interest rates are already coming down. So the foreigners' faith in India that India has got disproportionate allocation in emerging markets is also validating ...
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Ghana China Ghana Work Closely to Tackle Illegal Mining
Accra - China and Ghana are working closely to properly handle the issue of Chinese nationals engaged in illegal gold mining in the West African country, a senior Chinese official said here on Tuesday. Gong Jianzhong, the Chinese ambassador to Ghana, told a press conference that the issue of Chinese nationals involved in illegal mining activities in Ghana was a disharmony in the course of ...
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Hedge fund Grandmaster sees stock market crash in China
By Laurence Fletcher MONTE CARLO, Monaco, June 20 | Thu Jun 20, 2013 4:37am EDT MONTE CARLO, Monaco, June 20 (Reuters) - Former chess grandmaster-turned hedge fund manager Patrick Wolff is betting on a stock market crash in China, where he says corruption and bad debts have spiralled to dangerous levels. Speaking to Reuters on the sidelines of the GAIM conference in Monaco this week, ...
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China Vietnam Agree on Hotline to Resolve Maritime Disputes
China and Vietnam have agreed to set up an emergency hotline to help quickly resolve territorial disputes that have occasionally strained relations between the two ...
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Chinas State Council outlines 10 steps to curb air pollution
The State Council outlined 10 measures on Friday to curb air pollution that is plaguing the country, vowing "tough measures for tough tasks". The government should incorporate optimizing the country's economic structure and intensifying innovation with environmental protection efforts, according to a statement released after an executive meeting of the State Council, presided ...
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Beckham sees bright future for China game
SHANGHAI (AFP) - Football superstar David Beckham said Thursday he sees a "bright" future for the Chinese game despite past corruption scandals and the dismal performance of the national team.Visiting Shanghai as ambassador to the Chinese Super League (CSL), the recently-retired former England captain defended his decision to take up the role, which has been viewed as an ambitious ...
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China Vietnam set up dispute hotline amid summit
BEIJING (AFP) - China and Vietnam have agreed to set up a hotline to resolve disputes in the South China Sea, where clashes between fishermen have stoked tensions between the countries, state media reported on Thursday.The agreement was signed by agricultural authorities from Beijing and Hanoi on Wednesday, the state-run China Daily reported, amid a visit to China by Vietnamese President Truong ...
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China issues plan for national road network
A plan to expand China's national road network to 401,000 km by 2030 was released on Thursday.The plan, compiled by the National Development and Reform Commission and the Ministry of Transport, will require an investment of 4.7 trillion yuan ($761.8 billion), according to information provided at a joint press conference.The network expansion aims to bring the length of national non-toll ...
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China PMI Slump Will Test Authorities Resolve
Further weakness in China's vast manufacturing sector, which has exacerbated concerns over the health of the world's second biggest economy, will make it harder for the government to resist calls to ease its policy stance, economists tell CNBC.The flash HSBC Purchasing Managers' Index (PMI), an early indicator of Chinese factory activity, fell to 48.3 in June from a final reading ...
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China beats Australia in basketball friendly
Shanxi province - Chinese women's basketball team resisted the challenge from their Australian counterpart to hold off the latter 69-64 in Game 1 of Sino- Australian Women's International Basketball Challenge here on Wednesday. About 2,000 fans crowded into Wuyang Coal Mine Sports Center to support Chinese girls. After almost-one-month training ...
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U.S. stimulus fears China slowdown sparks FTSE sell-off
Thu Jun 20, 2013 4:01am EDT * FTSE 100 falls 1.1 pct to 6,276.89 * Fed to start QE withdrawal later this year * Data shows China slowdown exacerbated in June * Bank and miners lead market retreat By David Brett LONDON, June 20 (Reuters) - UK stocks were dealt a double-blow early on Thursday after the U.S. Federal Reserve signalled its intention to begin scaling back stimulus later this year, ...
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China business sentiment remains subdued in Q2
/enpproperty--> Chinese businesses remained worried about future development in the second quarter of 2013 amid overall optimism in Asian companies, according to the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey published on Wednesday. The survey, polling 91 top companies in the Asia-Pacific region, revealed that the Asia business sentiment index in Q2 climbed six points to ...
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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