Latest Beijing News
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Awaiting China PMI Things Could Get Even Worse
Activity in China's vast manufacturing sector may have decelerated further in June, the flash estimate of the HSBC China purchasing manager's index (PMI) is expected to show, exacerbating worries about a downturn in the world's second largest economy. The closely-watched flash PMI survey due on Thursday could fall to as low as 48.7, according to estimates by Credit Agricole and ...
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Paul B. Farrell New China billionaires’ Happy Meditation Guide
SAN LUIS OBISPO, Calif. (MarketWatch) -- In my guidebook, "Millionaire Meditation," there are 40 ways to achieve the happiness that comes from meditating. All 40 have one common element: To be truly happy you must master "Rule One -- Focus on What You're Doing in This Moment, and Nothing ...
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US auto giant GM breaks ground on China Cadillac plant
Cadillacs as it seeks a larger share of China's growing market for luxury cars. The plant will have annual output capacity of 160,000 vehicles with production to start in two years, GM officials told a news conference before the opening ceremony. "We're going to bring our high-end, premium product here and we're going to see how we run against the competitors from Europe and ...
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China shares test fresh 6-mth lows on dashed easing hopes Hong Kong sinks
Wed Jun 19, 2013 12:43am EDT * Indexes: HSI -1.2 pct, H-shares -1.8 pct, CSI300 -1.3 pct * Reported IPO resumption, property tax expansion hit A-shares * Defensives slide in HK as investors await Fed outcome * Mengniu spikes after $1.6 bln Yashili takeover offer By Clement Tan HONG KONG, June 19 (Reuters) - China shares tested six-month lows, sinking Hong Kong markets, as a cash squeeze in the ...
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Bus crashes in foggy valley in China 15 dead
BEIJING (AP) -- A bus carrying 36 people veered from a road in heavy fog and crashed into a valley in western China, killing at least 15 people, state media ...
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Sanya diving group ‘Diving Best’ to promote business outside of China
The operator of China's Sanya Diving Training Centre, Diving Best, has expressed interest to enter the local tourism industry, as the State is well known in China as an eco and marine-based tourism destination. According to Sabah Economic Development Investment Authority (Sedia), a meeting with the group from the operator has shown positive outcome. The State's investment ...
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China’s trade balance sees an unexpected surplus in May
China witnessed an unexpected surplus in its trade balance during the month of May, as sales to U.S. jumped to the most this year and purchases by the European Union countries rose for the first time in three ...
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US extends anti-dumping duty on Chinas sodium hexametaphosphate
dumping duty order on the products from China would likely lead to the continuation or recurrence of material injury within a reasonably foreseeable time. It has been the first "sunset review" since February, 2008, when the duty was introduced. The duty margin on the products from China runs from 92.02 percent to 188.05 percent. A "sunset review" was conducted every five ...
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Fish Prices Leap to All-Time High Thanks to China
Global fish prices have leapt to all-time highs as China's growing appetite for high-end species - from tuna to oysters - runs up against lower catches. The UN Food and Agriculture Organisation's global fish price index, an industry benchmark that tracks the cost of wild and farmed seafood, hit a record high in May, up 15 per cent from a year ago and above the peak set in mid 2011. ...
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No Subsidy Now What
ONE LAST LOOK: Consumers inspect flatpanel televisions in a supermarket in Jiashan County, east China's Zhejiang Province, on May 30, the last day of the one-year subsidy program for energy-efficient appliances ...
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GM aims for 10 percent of Chinas luxury car market by 2020
GM.N ) said on Wednesday it aims to quadruple its share of China's luxury auto market to 10 percent by 2020 as the U.S. automaker launches new Cadillac models and expands its distribution network in the world's largest car ...
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Asia Markets China stocks fall Japan jumps ahead of Fed meet
HONG KONG (MarketWatch) -- Chinese and South Korean stocks fell Wednesday on caution ahead of the Federal Reserve's monetary-policy decision later in the day, while Japanese shares rallied on a weakened yen and strong overnight gains on Wall ...
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College Student Escapes Roommate’s Poisoning Attempt in China
Just months after two cases of university students who are suspected of having been poisoned by their roommates made headlines in China, the Chinese public has been shocked by yet another, similar attempt that took place just last month. The victim, who has chosen to use the alias of "Wang," was a female student at a university in eastern China's Zhejiang Province, who lived in ...
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China commences its first carbon trading scheme
As ABC/AFP report , the city will host one of seven pilot schemes which will aim to reduce greenhouse gas emissions. The six other schemes are also planned to start this year. They will be located in Beijing, Chongqing, Guangdong, Hubei, Shanghai and Tianjin. Shenzhen, located near Hong Kong, is one of China's Special Economic Zones. It has committed to reduce the emissions intensity ...
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Globalfoundries lands wafer start orders from China-based Rockchip
Globalfoundries has landed wafer start orders from China-based SoC solution provider Rockchip Electronics. The US-based foundry house will manufacture Rockchip's RK3188 and RK3168 chips using a 28nm HKMG process, according to industry ...
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China market Domestic TV panel supply falls far short of demand says CVIA vice president
China-based makers turned out 24 million LCD TV panels for a global market share of 10.5% in 2012 and will produce an estimated 44 million panels to account for 17.6% of the global total in 2013, according to vice president and secretary-general Bai Weimin for the China Video Industry Association. However, China-based vendors will produce more than 120 million LCD TVs in 2013, meaning that ...
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Hot Air Balloon Festival kicks off in Chinas Hainan
15 hot air balloons participated in the event Tuesday to to fly across the Qiongzhou Strait from the city of Haikou and reach a designated place in neighboring Guangdong ...
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Sebin Festival of Owenke ethnic group kicks off in N China
Herdsmen of the Owenke ethnic group wrestle at the annual Sebin (Happiness) Festival in Owenke Autonomous Banner, north China's Inner Mongolia Autonomous Region, June 18, 2013. The Owenke ethnic group has the reputation of the "last hunting tribe in ...
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Eastday-Transformers to take in Beijing sights
BEIJING'S iconic structures, the Bird's Nest and Water Cube, will be featured in Michael Bay's fourth installment of "Transformers," it was announced at the 16th Shanghai International Film Festival yesterday. Scenes featuring the Bird's Nest, or the National Stadium, and the Water cube, or the National Aquatics Center, will be shot later this year. ...
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VECCI’s Top Ten Tips When Sourcing From China
The opportunities to make your business more competitive through importing components from overseas or manufacturing overseas are too great to be ignored. Generally speaking, better prices for manufacturing components or whole products can be found in China than elsewhere. Sourcing from China isn’t a simple process though. There are significant risks - from missing goods, substandard ...
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Chinas central bank signals no policy loosening
People's Bank of China (PBoC) Tuesday drained 2 billion yuan from the money market despite banks' reported call for cash injection, suggesting regulators are keen to keep liquidity tight amid growing jitters of China's financial risks.The 2-billion 91-day bills, though tiny by amount, were viewed as the central bank's commitment to squeezing out excessive funding.Shanghai ...
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Sierra Leonean president to visit China
Sierra Leonean President Ernest Bai Koroma will visit China at the end of June, the Chinese Embassy in Freetown said on Tuesday.Chinese Ambassador to Sierra Leone Kuang Weilin told journalists here that President Koroma was invited by Tsinghua University to attend the World Peace Conference in Beijing, capital city of China.During President Koroma's visit to China, he is expected to hold ...
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Vietnam China have huge potentials for cooperation Vietnamese President
Vietnam and China "have huge potentials for further speeding up cooperation in the future," Vietnamese President Truong Tan Sang, who will start his three-day state visit to China from Wednesday at the invitation of Chinese President Xi Jinping, said in an interview with Xinhua and other Chinese media on Tuesday."Vietnam and China are close neighboring countries. The two peoples ...
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China Ghana work closely to tackle illegal mining
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 development of ...
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China endeavors to boost wildlife protection
To better protect the country's biodiversity, China is pooling efforts to further protect endangered species and crack down on illegal animal trafficking."China will intensify and coordinate efforts to strengthen wildlife protection," said Yin Hong, deputy director of the State Forestry Administration (SFA), at a recent briefing.China has rich wildlife resources. More than 6,500 ...
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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