Latest Beijing News
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Special envoy from N. Korea arrives in China
China underlined its commitment to the denuclearisation of the Korean Peninsula as Beijing received one of Pyongyang's top military officials on Wednesday as a special envoy from top leader Kim Jong-un. Choe Ryong-hae, director of the General Political Bureau of the Korean People's Army and member of the Presidium of the Political Bureau of the Workers' Party of Korea Central ...
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METALS-Copper slides more than 2 pct as China factory data disappoints
* HSBC China flash PMI falls to 7-mth low of 49.6 * Worries of early end to bond buying also hurt sentiment * Coming Up; Euro zone Markit Manufacturing Flash PMI at 0758 GMT By Melanie Burton SINGAPORE, May 23 (Reuters) - London copper fell more than 2 percent on Thursday after a preliminary survey showed China's factory sector contracted in May, hitting sentiment already soured by concerns ...
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Brent slips below $102 on weak China data strong dollar
Wed May 22, 2013 11:19pm EDT * Weak PMI casts doubt on China's recovery, oil demand * Dollar at 3-year high, QE3 uncertainties also weigh * Coming Up: Euro zone PMI; 0758 GMT By Ramya Venugopal CHENNAI, India, May 23 (Reuters) - Brent crude futures slipped below $102 per barrel on Thursday as fresh data from China cast doubt on the strength of recovery in the world's second-biggest oil ...
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China HSBC flash PMI hits seven-month low fans growth fears
The flash HSBC Purchasing Managers' Index (PMI) for May fell to 49.6, slipping under the 50-point level demarcating expansion from contraction for the first since October. The final HSBC PMI stood at 50.4 in ...
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China eases forex rules in special economic zones
SHANGHAI (Reuters) - China's foreign exchange regulator said on Wednesday that it will simplify regulation of foreign currency transactions for companies operating in China's special economic zones, as Beijing moves to liberalise the yuan. ...
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Economic Report China manufacturing swings to contraction HSBC
LOS ANGELES (MarketWatch) -- China's manufacturing activity has swung to contraction in May after months of slowing growth, according to preliminary data released Thursday from HSBC, with the results slamming ...
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Chinas factory activity contracting HSBC data
LOS ANGELES (MarketWatch) -- China's manufacturing activity was contracting in May, according to preliminary data released Thursday, as HSBC's "flash" Purchasing Managers' Index fell to a seven-month low of 49.6 from April's final reading of 50.4. A result below 50 signals contraction. Both the new orders and new export orders sub-indexes registered decreases in the ...
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Fitch Publishes China Properties Groups IDR B-Stable
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
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Nikkei off 5-12-year high after weak China factory activity data
* Weak China factory activity cuts Nikkei gains * Bernanke remarks sees yen at 103 to dollar, aids exporters * Fast Retailing jumps as retail investors in hot pursuit By Dominic Lau TOKYO, May 23 (Reuters) - The Nikkei average trimmed gains after hitting a 5-1/2-year high on Thursday after factory activity in China, one of Japan's major export markets, shrank for the first time in seven ...
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China may scrap floor for interest rates this year -media
BEIJING | Wed May 22, 2013 10:59pm EDT BEIJING May 23 (Reuters) - China may remove its floor for interest rates as early as this year or next year at the latest, Chinese media said on Thursday, an important step towards freeing the country's tightly-controlled interest rates market. Ba Shusong, a researcher at the Development Research Center, a think-tank whose recommendations to ...
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China manufacturing shrinks in May HSBC
MANUFACTURING activity in China contracted in May for the first time in seven months, HSBC says, in another sign of the weakness of recovery in the world's second-largest economy. The banking giant's preliminary purchasing managers' index (PMI) fell to 49.6 this month from a final 50.4 in April, putting it below the 50 mark that indicates contraction. A reading above signals ...
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US should act on China intellectual property theft
WASHINGTON (AFP) - The United States should consider curbs on Chinese investment or even offensive operations against hackers to address the growing toll from intellectual property theft, a report said.The 11-month study led by high-ranking former US officials said that theft of software and other US-developed products was costing the American economy more than $300 billion each year -- as much ...
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Hong Kong shares extend losses after China flash PMI falls
HONG KONG | Wed May 22, 2013 10:21pm EDT HONG KONG May 23 (Reuters) - Hong Kong shares sank deeper into the red on Thursday and looked set for a third-straight loss after a preliminary private survey of May manufacturing activity in China came in at a seven-month low. Financial, materials and energy counters led the slide after China's HSBC flash purchasing managers' index (PMI) ...
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Huge sinkhole kills 5 factory workers in China
Five factory workers were killed when a sinkhole measuring 10 metres in diameter opened outside an industrial park in Shenzhen, the southern Chinese town near Hong ...
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China-UNIDO cooperation exhibition opens in Vienna
The exhibition to mark the 40 years of cooperation between China and the United Nations Industrial Development Organization (UNIDO) , was held in Vienna Wednesday at the UNIDO headquarters.Above 200 representatives of UNIDO Member States and officials of the other UN agencies in Vienna, including Kandeh Yumkella, the UNIDO Director-General, Zhong Shan, the international trade representative of ...
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China Pakistan to be good partners brothers forever premier
China and Pakistan will always be good partners and brothers that are reliable and sincere to each other, visiting Premier Li Keqiang said Wednesday.The two neighboring countries "are all-weather friends," Li said during a meeting with Pakistani President Asif Ali Zardari shortly after he landed here before noon.The bilateral friendship boasts a solid foundation and enjoys great ...
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Chinas new leadership highly values friendship with Zimbabwe
Visiting Vice Premier Wang Yang on Wednesday told Zimbabwean Vice President Joyce Mujuru that China's new leadership highly values the traditional friendship with Zimbabwe.Wang said his visit is to follow up to the African trip by Chinese President Xi Jinping earlier this year and join Zimbabweans in efforts to push Sino-Zimbabwean cooperation in all fields to achieve "greater ...
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Kenyas Beijing 1500 champion makes comeback in New York league
Beijing Olympic 1,500m champion Nancy Jebet Lagat and London 800m winner David Rudisha led a group of Kenyan athletes heading to New York for the Diamond league meet on Saturday.Whereas Rudisha, will be one of the biggest stars in the Adidas Grand Prix, which is third stop in the 2013 IAAF Diamond League, the return to action of Lagat has tilted the equation over the four lap race."I have ...
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China to host 1st arena football training camp
Ganlan Media International (Beijing) Co., Ltd.(GMI) said in Beijing on Wednesday that China's First American Arena Football Coach/Referee Training Camp will be held on May 27-31 in the Beijing Sports University.This is the first time that Arena Football League (AFL) comes to China to hold a professional training camp, and which marks American Arena Football is officially coming to China.GMI ...
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US expecting strong bookings from China
Increasingly strong bookings from China to the United States have been forecast through the third quarter of 2013, according to a new study. For the first quarter of the year 81 percent of tour operators surveyed projected an increase in bookings from China to the US, according to the Travel Market Insights Travel Trade Barometer. Second quarter estimates were even higher, with 87 percent ...
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Nutritious meals sicken 500 in NW China schools
/enpproperty--> XINING - A total of 548 students fell ill after consuming milk and biscuits in schools in Northwest China's Qinghai province on Wednesday, local authorities said. The food poisoning incident involved primary and middle school pupils in seven townships in Hui-Tu autonomous county of Datong, and about a dozen of them were in serious condition, said a statement from the ...
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Beijing to hold taxi price hike hearing
/enpproperty--> Beijing will hold a taxi price hearing on Thursday to address drivers' complaints over low income and make it easier for people to hail a cab, chinanews.com reported. According to a plan released by the Beijing Municipal Commission of Development and Reform on May 7, the base fare will go up from 10 yuan ($1.6) to 13 yuan for the first 3 km. The rate per km after the ...
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Beijing offers electric cars
Based at Tsinghua University Science Park in Haidian district, it was initiated by the Beijing Municipal Commission of Science and Technology and launched on ...
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Chinas premier offers to help end Pakistan energy crisis
China and Pakistan should make cooperation on power generation a priority, Chinese Premier Li Keqiang said, as Islamabad seeks to end an energy crisis that triggers power cuts of up to 20 hours a day, bringing the economy to a near standstill. Li arrived in the Pakistan capital under extra-tight security on Wednesday on the second leg of his first official trip since taking office in March and ...
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Li moots China-Pak eco corridor
Li Keqiang on Wednesday linked growth in his country's restive west with that in sluggish Pakistan, saying the two sides wanted to create an "economic corridor" to boost development. Li, on his first overseas trip since taking over in a once-in-a-decade power transfer in Beijing, congratulated Pakistan on its recent general election and hailed the countries' long-standing ...
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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