Latest Beijing News
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China woos Lanka with $580m loan
BEIJING: China stepped up its efforts to win over another South Asian country, Sri Lanka, with its state-owned bank extending $580 million in loans days ahead of president Mahinda Rajapaksa's visit to Beijing on May 27-30. ...
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North Korean letter to China signals rapprochement
In this photo released by China's Xinhua News Agency, Chinese President Xi Jinping, right, greets North Korean Vice Marshal Choe Ryong Hae in Beijing Friday, May 24, 2013. The top North Korean envoy delivered a letter from leader Kim Jong Un to Xi on Friday and told him Pyongyang would take steps to rejoin stalled six-nation nuclear disarmament talks, in an apparent victory for ...
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New horizon for China-Germany ties
Editor's note: Premier Li Keqiang wrote a signed article, titled "Open Up New Horizon for China-Germany Relations", in German-language newspaper Zeit on Thursday. Following is the full text of its English translation. I will soon be visiting Germany again to boost China's cooperation with Germany on all fronts. People may want to learn more about the visit, and I believe ...
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China Airlines adding nonstop flights between Taiwan and Hawaii
China Airlines said it will begin flying two weekly nonstop flights between Taipei and Honolulu, using Airbus A330 aircraft. Seen here is a China Airlines Boeing 777 aircraft. China Airlines will launch regular nonstop flights between Taiwan and Hawaii on June 2, the airline said Friday. The airline will fly nonstop between Taipei and Honolulu International Airport using Airbus A330 aircraft ...
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Q A bet. China Daily and Hainan reform development institutes president
China Daily interviewed Chi Fulin, president of the China Institute for Reform and Development in Hainan province, on the challenges facing the country's ...
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China taking great strides forward
/enpproperty--> Crop of promising young athletes following in the wake of star hurdler Liu Xiang's absence from the international arena has not slowed China's progress in track and field. Boasting robust results and character, a crop of young Chinese athletes has emerged from the star hurdler's shadow and is set to lead the country's charge against the ...
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Valeos expansion into China shifts into higher gear
/enpproperty--> Valeo Group, the French automobile components and system supplier, aims to make China its largest market in terms of sales in the next two to three years, its president said on Thursday. The company, which already has 22 plants in China, plans to add four new factories in the country and expand three existing ones in Foshan, Wuhan and Nanjing this year, according to ...
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China US agree to share audit details
/enpproperty--> China's securities watchdog announced on Friday that a memorandum of understanding has been signed with the United States on the sharing of audit details on Chinese companies listed in the US, in a move aimed at cracking down on illegal listing and trading activities. China Securities Regulatory Commission said the MOU was signed by the commission, Ministry of Finance ...
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China may start taxing more luxury goods
/enpproperty--> China may start levying taxes on an increasing number of luxury goods as part of the country's efforts to push forward economic reform, an official with China's top planning agency said on Friday. More products might be taxed, as part of the country's tax reform plans for this year, said Kong Jingyuan, director-general of the department of comprehensive reform ...
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Marriott Foundation funds new charitable initiative for youth in China.
Million dollar investment to expand opportunities for youth through the China Hospitality Education Initiative.The J. Willard and Alice S. Marriott Foundation has committed 40.5 million RMB ($6.5 million) over five years to support ...
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Asias Week China Still on Flu Watch
Qingdao, for a while, grew to the sky. (Photo: Wikipedia) While Asia basked another week in generally favorable economic winds-minus that little 7% stock squall in Japan in Thursday, whatever that was about-there remained an undercurrent of worry about China. ...
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EMERGING MARKETS-Latam stocks unchanged despite China Fed worries
* Concerns over Chinese economic growth, Fed stimulus weigh * Brazil Bovespa, Mexico IPC flat; Chile IPSA down 0.94 pct By Asher Levine SAO PAULO, May 24 (Reuters) - Latin American stocks were largely flat on Friday despite concerns over weak economic growth in China and a possible winding down of the U.S. Federal Reserve Bank's asset-buying program. Latin American markets also suffered this ...
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Reaching out Across the Himalayas
, on May 20 during his visit to India, Chinese Premier Li Keqiang likened the friendship between the two neighbors--China and India--as a handshake across the Himalayas. With the huge size of the world's two most populous nations, their "handshake" links more than one third of ...
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In Ma Jian’s new novel a family floats through a turbulent China
, reviewed by National Post columnist and noted literary critic Philip Marchand: "If [readers] are puzzled by what the Wutong Temple is all about, I have no idea either. If the storyline is meaningless, so are the characters. Nevertheless, the novel does reflect some of the political realities the author has lived through..."What these 20th-century ...
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China Considers Luxury Tax
Luxury products have become an important niche in the booming China consumer story. And as part of the country's tax reform plans this year, they could get hit with the first ever luxury tax, said Kong Jingyuan, a director-general at the National Development and Reform Commission. The guidelines for tax reforms were published by the Central Government on ...
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China Swiss sign MOU on concluding FTA talks
/enpproperty--> BERNE - China and Switzerlandon Friday signed a memorandum of understanding (MOU) on concluding negotiations on a bilateral free trade agreement (FTA). The MOU was signed during a meeting between visiting Chinese Premier Li Keqiang and Swiss President Ueli Maurer. The two sides also announced the establishment of a financial dialogue ...
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Swiss free trade deal underscores Chinas globalisation Li
BERNE, Switzerland (AFP) - Chinese Premier Li Keqiang on Friday hailed a free trade deal with Switzerland as a landmark achievement, saying it had "huge meaning" for global trade and underscored Beijing's growing openness to the world."This free trade deal is the first between China and a continental European economy, and the first with one of the 20 leading economies of the ...
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UPDATE 1-U.S. audit regulator reaches deal with China on document access
Fri May 24, 2013 4:14pm EDT * U.S.-China deal reached after years of negotiations * Deal will pave way for auditor enforcement actions * U.S. had been blocked from probing Chinese audit failures By Dena Aubin and Sarah N. Lynch NEW YORK, May 24 (Reuters) - U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of ...
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Nepal’s Tibetan Refugees Struggle Under China’s Shadow
KATHMANDU -- Tibetan refugees in Nepal say they face increasing restrictions from Nepalese authorities due to pressure from China. VOA correspondent Aru Pande talks to Tibetans who, for decades, have made the Himalayan country their home. Dolma Lama learned to weave Tibetan carpets from her mother - who fled Tibet and settled in Kathmandu after a failed Tibetan uprising against Chinese ...
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Slideshow Top 10 States Exporting to China
Nearly everyone knows the United States imports a lot from China (and if you don't, you're probably not a regular reader of The Journal of Commerce), but American companies are increasingly exporting more to the Asian manufacturing juggernaut, too. The U.S. exported $108.6 billion worth of goods to China last year, 6.5 percent more than a year earlier, according to a recent U.S.-China ...
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China Sentiment Indicator Flops
Nice try. China's economy losing momentum. China business leaders preparing for rainier days. China continues to disappoint. Following HSBC Flash PMI going below 50, and below consensus, on Friday one of the big business surveys on China says sentiment in the C-suite is souring. ...
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China Has Growth But Were Tapping The Brakes On Ford At $15
Ford Motors have rallied more than 20% in the past three months on the back of solid North American operations, some improvement in Europe and surging sales in China. Ford's Chinese sales have surged 49% through April, and the world's largest auto market now accounts for about a sixth of the automaker's global sales. Sales have been helped by the Focus and the Kuga, both of which ...
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China manufacturing sees 1st fall in 7 months HSBC
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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TAIEX dives on US Fed concerns China data
Selling, in particular, accelerated after HSBC Holdings and Markit Economics reported a worse-than-expected Chinese Purchasing Manager's Index (PMI) for May, which made concerns over the regional economy run deeper, the dealers said. Large-cap stocks such as Taiwan Semiconductor Manufacturing Co. (TSMC), the most weighted stock in the local bourse, faced heavy profit-taking pressure after ...
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Key step cleared to Swiss-China free trade deal
BERNE, Switzerland (AFP) - Switzerland and China cleared the final hurdle Friday towards a landmark free-trade agreement, as Beijing seeks to underscore its growing global ties via deals with European partners.As China's Premier Li Keqiang and Swiss President Ueli Maurer looked on, the two nations' economy ministers inked a memorandum of understanding which paves the way for the formal ...
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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