Latest Beijing News
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METALS-Copper hit by China factory datamine closure limits loss
* HSBC China flash PMI falls to seven-month low of 49.6 * Worries of early end to bond buying also hurt sentiment * Coming Up; U.S. jobless claims 1230 GMT By Eric Onstad LONDON, May 23 (Reuters) - Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed China's manufacturing sector contracted, but a shutdown at one of the world's biggest mines ...
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Asian Stocks Tumble On Fed Talk China Growth Concerns
Asian stocks tumbled on Thursday after minutes of the Federal Reserve's April 30-May 1 meeting revealed "a number" of members favor tapering the central bank's $85-billion bond-buying program as early as the June meeting if the labor market continues to improve. Fed chief Ben Bernanke also hinted that an exit could be initiated in the "next few meetings" if the ...
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Chinas manufacturing slows HSBC
Beijing, May 23 : China's manufacturing activity fell into contraction for the first time since October, a preliminary survey from the HSBC ...
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New GM at Peninsula Beijing leads with care and efficiency
With a prominent background of working in top luxury hotels spanning across Asia, Joseph Sampermans, general manager of The Peninsula Beijing, has been sparing no efforts in leading his team to admirable achievements.Sampermans, a Dutch national and graduate of the Limburg Zuyd in the Netherlands with a bachelor's degree in finance, comes to the hotel with 20 years of experience in the ...
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NZ farmers thank China for fixing trade blunder
/enpproperty--> WELLINGTON - The head of New Zealand's farming industry body on Thursday thanked Chinese authorities for helping to "untangle a bureaucratic morass" that had resulted in New Zealand meat exports being refused entry into China. Federated Farmers president and trade spokesperson Bruce Wills said the mistakes by New Zealand's export licensing authority, the ...
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Successful dive confirmed in South China Sea
/enpproperty--> The China Ocean Mineral Resources Research and Development Association said on Thursday that Qianlong No1 completed a successful dive of 4,159 meters in the South China Sea in May. The dive was a major boost to efforts to explore the ocean floor and carry out research. Qianlong No1 is 4.6 meters long and 1.6 meters wide, weighing about 1,500 kilograms. The submersible is ...
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BAIC shows its designs at Beijing expo
A concept vehicle designed by Beijing Automotive Industry Corp is shown during the 16th Beijing International High-Tech Expo, May 23, 2013. The expo opened on Wednesday and will last until Sunday. ...
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NBA Nation to tour China
/enpproperty--> BEIJING - NBA Nation, the NBA's largest mobile basketball playground, will return to China for the second consecutive year and visit 12 cities from May 31 to Aug 18, giving fans the chance to enjoy basketball contests, interact with NBA players and pose with the Larry O'Brien NBA Championship Trophy. O.J. Mayo of the Dallas Mavericks will launch the festivities in ...
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SE Asia Stocks-Fall on Fed China data jitters Spore Thailand hit 2-wk low
BANGKOK, May 23 (Reuters) - Southeast Asian stocks fell on Thursday, with Singapore marking its worst week since November 2012 and Thai stocks at their lowest close in more than two weeks, as worries over the future of U.S. monetary stimulus and weak Chinese data dented global sentiment. Singapore, Thailand and Malaysia saw weakness in large caps such as Singapore Telecommunications Ltd, Siam ...
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China and Fed fallout to weigh on U.S. stocks
U.S. stocks fell Wednesday after mixed messages from the Federal Reserve about its ongoing bond-buying program. Stocks had rallied earlier as investors welcomed comments from Fed ...
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NKorea envoy to meet Chinas leader
(7 mins ago) While a North Korean envoy waits for an expected meeting with China's Communist Party chief, his Chinese hosts are taking him touring in Beijing. North Korea's official Central News Agency reported that the envoy, Choe Ryong Hae, spent part of Thursday touring an industrial park in the southern part of the capital, accompanied by a Communist Party functionary, AP ...
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RPT-WRAPUP 1-Asian markets sell off on Bernanke remarks China PMI
Thu May 23, 2013 6:05am EDT * Asian shares down after China HSBC flash PMI, credit spreads wider * Nikkei plunges 7 percent, 11th worst daily drop * JGBs bounce after 10-year JGB yield hits year highs * Korean won worst hit as dollar rises broadly By Masayuki Kitano and Hideyuki Sano SINGAPORE, May 23 (Reuters) - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in ...
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For hackers China is land of opportunity
BEIJING: Name a target anywhere in China, an official at a state-owned company boasted recently, and his crack staff will break into that person's computer, download the contents of the hard drive, record the keystrokes and monitor cellphone communications, too. Pitches like that, from a salesman for Nanjing Xhunter Software, were not uncommon at a crowded trade show this month that brought ...
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Chinas Lenovo sees 34 percent net profit jump
HONG KONG (AFP) - Chinese computer maker Lenovo Group Thursday announced a jump in net profit for the financial year of 34 percent, despite the slowing PC market.Net profit for the financial year ended March 31 rose to $635.15 million, up from $472.99 million in 2011/2012. Revenue was up 14.5 percent to $33.87 billion.The world's number two PC maker gained global market share at the expense ...
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Liberia President Sirleaf Breaks Ground for New U.S.$10 Million Vocational Training Center in Monrovia a Gift of the Peoples Republic of China
President Ellen Johnson Sirleaf has broken grounds for the construction of a new US$10 million Monrovia Vocational Training Center (MVTC) campus, aimed at helping Liberia achieve its transformative goals. The new MVTC, covering 6,000 square meters, will include two three-storey buildings - one for teaching and training, and the other for faculty dormitory - and a two-storey student dormitory. ...
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North Korea envoy awaits chat with Chinas leader
BEIJING (AP) -- While a North Korean envoy waits for an expected meeting with China's Communist Party chief, his Chinese hosts are taking him touring in ...
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Exclusive China urbanisation plan hits roadblock over spending fears - sources
Reuters © A woman collects bricks at a demolition site, where an old village is making way for new buildings, on the outskirts of Beijing, May 23, 2013. REUTERS/Kim ...
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Indications Stock futures slide rattled by Fed China data
MADRID (MarketWatch) -- U.S. stock market futures fell sharply early Thursday, as fears over a tapering of the Federal Reserve's bond-buying program continued to play out. Those worries and weak China data led to heavy losses for global stocks, with Japan equities suffering their biggest one-day loss in more than two ...
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HSBC China manufacturing shrinks
Beijing - Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest ...
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China continues Diaoyu Islands patrols
Chinese marine surveillance ships continued to conduct regular patrols of the territorial waters surrounding the Diaoyu Islands on Thursday, the State Oceanic Administration said.A fleet consisting of the Haijian 66, Haijian 46 and Haijian 26 carried out the mission, according to a statement on the administration's website."Haijian" is the Chinese equivalent of "marine ...
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Chinas continuing progress the biggest fact in Asias success Singaporean PM
Visiting Singaporean Prime Minister Lee Hsien Loong said here Thursday that Asia has successfully recovered from depression and faster than expected with China's continuing progress, the biggest fact of Asia's success.Lee made the remark in a keynote speech during the 19th International Conference on the Future of Asia, adding Asia's global role has grown and the region is ...
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RPT-UPDATE 1-Chinas Lenovo buys and diversifies to outshine PC rivals
Thu May 23, 2013 5:12am EDT * Q4 net nearly doubles, fastest pace in seven quarters * Lenovo No.2 in China in smartphones and media tablets By Lee Chyen Yee and Umesh Desai HONG KONG, May 23 (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take ...
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China Pakistan boost marine cooperation
/enpproperty--> China and Pakistan signed a memorandum of understanding for cooperation in marine science and technology. The memorandum was signed between Pakistan's Ministry of Science and Technology and China's ocean watchdog on Wednesday, the State Oceanic Administration said. The memorandum covers, among others, marine research and investigation, climate change, marine energy ...
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Festival shows Beijings flower power
/enpproperty--> The Beijing Rose Cultural Festival kicked off on Thursday. Boasting thousands of varieties, the exhibition -- in the capital's Botanical Gardens, Taoranting Park and Tiantan Park -- will last until June 28. "The festival will further promote the city's appeal and boost the flower industry," said Wang Genhai, deputy director of the forestry and landscape ...
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Air China to upgrade surfing services
/enpproperty--> An upgrade will see Air China passengers surfing faster in the sky with improved phone facilities. The Beijing-based carrier plans to introduce the improvements in its entire Airbus A330 fleet within the year. The nation's biggest carrier, by market value, carried out successful tests during flights between Beijing and Shanghai recently, the Shanghai Morning Post ...
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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