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North Korean envoy in Beijing seeking to mend ties experts
North Korea's First Vice Foreign Minister and envoy to the six-party talks Kim Kye-gwan (2nd L) enters a hotel after a meeting with U.S. Special Representative for North Korea Glyn Davies in Beijing in this photo taken by Kyodo on February 23, ...
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China North Korea hold strategic talks in Beijing
FILE - In this June 18, 2013 photo, North Korea's First Vice Foreign Minister Kim Kye Gwan, right, waves as he arrives at the Capital airport in Beijing, China. North Korean First Vice Foreign Minister Kim was expected to discuss bilateral relations and the situation on the Korean Peninsula with Chinese Vice Foreign Minister Zhang Yesui on Wednesday. (AP Photo/Ng Han Guan, ...
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China committed to boosting Mideast peace process envoy
Beijing is proactive in advancing the Mideast peace process, said Wu Sike, China's special envoy to the region.Wu made the remarks on the sidelines of the UN International Meeting in Support of Israeli-Palestinian Peace, which is being held here on June 18-19 and brought together officials and experts from more than 50 countries and international organizations.It is the first time for the ...
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US-China relations a must win
American think tanks believe that China and the US will have tremendous opportunities for cooperation in the next 10 years, and the top three items on their work agenda should be energy, tourism, and science and technology. "The stakes are large, for both success and failure," said Stanford economist Michael Boskin, "so the relationship needs to succeed." Making his remarks ...
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China markets slump on liquidity concerns
7-day repo rates rising to 16 month highs and 1-yr swap rates to near 2-year highs above 4% . Markets are also looking ahead to tomorrow's release of HSBC flash manufacturing PMI after a recent spate of slowing ...
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Chinas key money rate surges to multi-year highs no RRR cut seen
* Banks forced to give up non-essential business * Benchmark 7-day repo rate jumps to highest since Oct 2007 * Widespread market talk of banks pressing PBOC to cut RRR * But traders only expected mild PBOC cash injection * Liquidity should improve in medium term By Lu Jianxin and Gabriel Wildau SHANGHAI, June 19 (Reuters) - China's short-term funding costs surged on Wednesday, with the ...
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Chinas Tianhe-2 overtakes US Titan as worlds fastest supercomputer
An expert stands near the Tianhe-2 supercomputer at the National University of Defense Technology in Changsha, capital of central China's Hunan Province. The fastest computer in the world can store 60 billion books, each with 100,000 Chinese ...
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15 suspects stand trial for Chinas largest online pyramid scam in Zhejiang
FIFTEEN people accused of involvement in the nation's largest online pyramid scheme stood trial yesterday in a court in east China's Zhejiang Province. On June 11, police in Jinhua City busted a website offering discounts on online purchases and arrested Ying Jiancheng and another 14 people suspected of organizing the scam involving 24 billion yuan (US$3.9 billion). An ...
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HK can showcase freedom over Snowden China media says
BEIJING (AFP) - Hong Kong can showcase its democratic pedigree by its handling of the Edward Snowden case, Chinese state media said on Wednesday, in comments appearing to distance Beijing from any decision on his possible extradition.The semi-autonomous territory -- which has a separate legal system to mainland China -- has the opportunity of "proving itself a free society in front of the ...
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Chinas first teacher in space to give lesson
/enpproperty--> China's first teacher in space Wang Yaping is in orbit and due to deliver a lecture to students via a video feed on Thursday, China Central Television reported. The lesson, which will be broadcast by CCTV, will last from 10:04 am to 10:55 am. Wang, the country's second female astronaut, will teach primary and middle school students about her zero-gravity ...
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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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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 ...
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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