Latest Beijing News
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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 ...
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US-China bio-pharm group grows with members success
Eighteen years ago, James Hughes, then director of the international business office of the State of Maryland, was approached by a group of Chinese-American scientists. They asked for his help with the first annual conference of their newly founded organization, the Chinese Biopharmaceutical Association, USA, or CBA. Hughes lent his support, getting the governor involved, recruiting ...
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Europe shares fall on US stimulus fears China PMI
Euro STOXX 50 index fell 2 percent to 2,631.88 points. Mining stocks dominated the loserboard, falling on fresh signs of a slowdown in China - the world's biggest metals consumer - while Swiss luxury goods stocks Swatch and Richemont also fell which traders attributed to data showing a fall in Swiss exports. Global equity markets have fallen back from multi-year highs over the last month as ...
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Nikkei skids as weak China data Fed exit plans chill sentiment
* Nikkei down 1.7 pct, Topix off 1.3 pct as Fed comments hurt mood * China's weak flash PMI drags down China-related manufacturers * Real estate shares battered * Weak yen lends some support to currency-sensitive stocks By Tomo Uetake TOKYO, June 20 (Reuters) - Japan's Nikkei share average fell on Thursday as weak China data further unsettled markets coming to grips with Federal Reserve ...
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RPT-WRAPUP 1-Asian markets hammered on China fears Fed exit plan
Thu Jun 20, 2013 3:18am EDT * MSCI Asia ex-Japan slides 3.5 pct in biggest drop since 2011 * HSBC China "flash" PMI surprisingly weak, PBOC still tight * Asian currencies take a bath, Indian rupee at record low * U.S. Treasury yields hit 15-mth high, underpin US dollar By Chikako Mogi and Wayne Cole TOKYO/SYDNEY, June 20 (Reuters) - Asian markets buckled badly on Thursday after the ...
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Refile-research Alert-china Gdp Growth Hsbc Cuts 2013 2014 Forecast
Thu Jun 20, 2013 3:17am EDT June 20 (Reuters) - June 20 (Reuters) - : * China GDP Growth Forecast: HSBC cuts 2013 forecast to 7.4% from 8.2%; cuts 2014 forecast to 7.4% from 8.4% * MSCI China index: HSBC cuts end-2013 target for index to 60 from 70 * Chinese stocks: HSBC cuts to neutral from ...
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China uses NSA revelations to highlight US hypocrisy on cyber security
After a week of silence, the Chinese government has begun to use the revelations of former CIA operative Edward Snowden about the National Security Agency's (NSA) vast electronic spying to hit back at the Obama administration's allegations of Chinese cyber hacking.Chinese foreign ministry spokeswoman Hua Chungying declared on Monday that the US "should pay attention to the ...
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Vietnam China Expand Joint Exploration in Gulf of Tonkin
HANOI - Vietnam and China have extended an agreement to jointly explore for oil and gas in the Gulf of Tonkin until 2016, while significantly expanding the area involved. The two sides started joint explorations in the gulf - led by state-owned Vietnam Oil & Gas Group, or PetroVietnam, and China National Offshore Oil Corp., or Cnooc - in November 2006. However, no reserves of commercial ...
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Asian assets hammered on China fears
Tokyo - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as factory activity in the world's second largest economy hit a nine-month ...
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Restaurant blast kills 3 injure 149 in N China
Onlookers are seen around the locale of a restaurant blast in Shuozhou City of north China's Shanxi Province, June 20, 2013. Blasts ripped through a restaurant in Shuozhou Wednesday night, killing three people and injuring 149 others. Photo: ...
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Chinas cabinet announces appointments
The State Council, China's cabinet, on Thursday announced a number of government appointments.Ding Wei was appointed vice minister of culture, replacing Zhao Shaohua.Hu Wei was appointed vice minister of the General Administration of Customs, replacing Wang Songhe.Xu Shaochuan was appointed deputy director of the State Administration of Work Safety.Li Wufeng was appointed deputy director of ...
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China Panic Overnight Rate Hits 25
I lived and worked in Shanghai and Hong Kong for almost two decades and now write primarily on China, Asia, and nuclear proliferation. I am the author of two Random House books, The Coming Collapse of China and Nuclear Showdown: North Korea Takes On the World. My writings have appeared in The New York Times, The Wall Street Journal, Barron's, Commentary, and The Weekly Standard, among other ...
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Students in China tune in for live space lecture
Students at the Cui Gang Middle School in Yangzhou city, Zhejiang province watch a live space lecture on June 20, 2013. Students across China watched the live space lecture, which began at 10 am. The lecture from space was a first in Chinese history. The special lecture was given by a teacher aboard China's space module Tiangong-1 to students on Earth. [Photo by Meng Delong ...
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China braces for natural disaster season
/enpproperty--> BEIJING - The National Commission for Disaster Reduction on Wednesday urged beefed-up efforts of prevention and response as the season arrives when China is susceptible to natural disasters. According to a commission circular, relevant departments and localities need to step up monitoring and early warning for possible disasters, and closely follow developments of disasters. ...
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GM eyes 10 Chinas luxury car market by 20
/enpproperty--> General Motors Co said on Wednesday it aims to quadruple its share of China's luxury auto market to 10 percent by 2020 as the US automaker launches new Cadillac models and expands its distribution network in the world's largest car ...
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Beckham charms Shanghai as he continues China visit
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Beijing urges Mideast peace efforts
/enpproperty--> China appealed for more efforts to resolve the Israeli-Palestinian issue as diplomats gathered in Beijing on Tuesday to seek solutions to the problem. "We need to redouble efforts to promote peace talks," Assistant Foreign Minister Ma Zhaoxu said at the United Nations International Meeting in Support of Israeli-Palestinian Peace. Diplomats, UN delegates, ...
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Hongjiang ancient commercial town in Chinas Hunan
The Hongjiang ancient commercial town is a characteristic scenic spot in China's Hunan Province.The town boasts more than 380 intact ancient structures erected during the Ming and Qing Dynasties, covering an area of 100,000 square meters. The buildings endured the ages with some wear, but they remain vivid reminders of the luxurious lifestyle of wealthy merchants. ...
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China astronauts float water blob in kids lecture
BEIJING (AP) -- Astronauts struck floating martial arts poses, twirled gyroscopes and manipulated wobbling globes of water during a lecture Thursday from China's orbiting space station that's part of efforts to popularize the space program among young ...
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Qualcomm targets China emerging markets with new lower-end Snapdragon chips
Chip maker Qualcomm is introducing six new processors meant for entry-level phones in China and emerging markets.The processors are part of Qualcomm's Snapdragon 200 class, a chip line that offers support for lower-end specs compared to the company's Snapdragon 400, 600 and 800 chip series, the company said Thursday.The six new processors lack support for 4G LTE, but are built for ...
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China short-term interbank rates hit recordreport
HONG KONG (MarketWatch) -- Borrowing costs in China's interbank money markets surged on Thursday, with the rates on the overnight and seven-day repurchase agreements jumping to record highs, Reuters reported. The rate on the benchmark weighted-average seven-day repurchase, or repo, soared 3.80 percentage points to a record high of 12.06%, while the rate on the overnight repo rate spiked ...
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China HSBC PMI suggests slowdown intensifying
The flash estimate for the HSBC manufacturing PMI dropped to 48.3 in June (consensus: 49.1, DBM: 49.0) from a final reading of 49.2 in May. This is the third month in a row with a decline in the HSBC manufacturing PMI and it is now at its lowest level since September 2012. The details remained weak with new orders declining to 47.1 from 48.7 and export orders plunging to 44.0 from 48.9 in May. ...
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Chinas orbiting astronauts take questions from students in bid to popularizes space program
BEIJING, China - China has held its first classroom lecture from its orbiting space station as part of efforts to popularize the successful manned space flight program among young people. Female astronaut Wang Yaping took questions live from among 330 elementary and middle school students at a Beijing high school during the 51-minute class from aboard the Tiangong 1 prototype space station on ...
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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