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Chinas yuan hits record high of 6.4470 against USD Tuesday
The Chinese currency Renminbi, or the yuan, gained 33 basis points to 6.4470 per U.S. dollar on Tuesday, the highest since China started the exchange rate reform six years ago, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day. The central parity ...
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Expert Chinas 130 national languages still thriving
China's 130 national languages have still been inherited and continue to develop among 1.3 billion people despite the impact of globalization and regional economic development, said a linguist from an authoritative dialect research agency on July 10, 2011.According to statistics, there are more than 6,000 languages in the world, of which more than 2,500 languages are in an extremely ...
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Chinas industrial profits up 28.7 pct in H1
Profits for China's industrial businesses rose 28.7 percent year-on-year to 2.41 trillion yuan (374 billion U.S. dollars) in the first half of this year, the National Bureau of Statistics (NBS) announced Wednesday. The NBS figures showed that combined revenues for the country's industrial firms rose by 29.7 percent from a year earlier to reach 38.86 trillion yuan from January to June. ...
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China announces enforcement regulations for amended personal income tax law
The State Council, or China's cabinet, on Wednesday announced new regulations designed to facilitate the enforcement of the country's new individual income tax law, which features an increased monthly tax exemption threshold.Premier Wen Jiabao signed a State Council order to approve the creation of the regulations, which are set to take effect on Sept. 1, 2011.The National ...
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China calls for stronger coordination between peacekeeping peacemaking peacebuilding
In order to address new challenges, coordination between UN peacekeeping operation, peacemaking and peacebuilding efforts needs to be strengthened, Wang Min, deputy permanent representative of the Chinese Mission to the United Nations said here on Wednesday.Wang made the remarks when he addressed a UN Security Council's open meeting on UN peacekeeping operations.He pointed out that as ...
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Vice premier urges all-out rescue efforts after deadly train collision in China
Chinese Vice Premier Zhang Dejiang (C) presides over an meeting on relief work and investigation of the high-speed train crash in Wenzhou, east China's Zhejiang Province, July 24, 2011. Zhang is leading a work team in Wenzhou to assist in relief work and conduct an investigation into the accident. (Xinhua/Wang Ye)Chinese Vice Premier Zhang Dejiang on Sunday urged local authorities to ...
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China stocks plunge on US debt train crash
Chinese stocks tumbled Monday as investors sold off holdings increasingly worried about a possible default of government debt by the United States which is to bring the global economy back to a serious slowdown. Also, railway shares plunged after the weekend deadly high-speed train wrecking accident in East China's Zhejiang Province which has killed at least 36 people and injured more than ...
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China refutes claims RMB undervalued
As of July 21 of 2011, the RMB exchange rate reform had been implemented for 10 years. On that day, the average exchange rate of the RMB against the U.S. dollar was 6.4536, which was a new record since China exchange rate reform started. Since 2005, the RMB has appreciated by almost 22 percent against the U.S. dollar. However, such a great RMB appreciation still has not satisfied the United ...
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Central bank governor China always confident in euro
China welcomed European Union's agreement on the 109 billion euro bailout plan for Greece and has been confident of the stability of the euro zone and other member countries in the past, present or future, said Zhou Xiaochuan, governor of People's Bank of China on July 23 during an interview with Financial Times. Bailout plan helps bring financial stability After eight hours of ...
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China completes Internet phone monitoring scheme for Tibet
Reuters © A Tibetan monk uses a mobile phone near the Dzamthang Jonang monastery, where Kalkyi set herself on fire in protest against Chinese rule, in Barma township May 16, 2013. REUTERS/Kim ...
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In China Five Ancient Tombs Bulldozed for Metro Line
The Laifenggang archaeological excavation site was leveled by bulldozers overnight on June 14, while they were building an extension to a metro line in Guangzhou. Experts said it was a massive loss to Chinese heritage. ...
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ASEAN China eye more cooperation in search rescue in South China Sea
Some 40 representatives from ASEAN and China Wednesday attended a workshop on strengthening ASEAN- China cooperation in search and rescue of persons and vessels in distress in the South China Sea.Addressing the workshop, Pham Quang Vinh, Vietnamese deputy minister of foreign affairs, said the workshop is a part of the implementation of the Declaration on the Conduct of Parties in the South China ...
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Mengniu Purchase Leaves China Infant Formula Family With More Than $800 Mln
International for $1.6 billion would leave an investment company owned by Yashili's founding Zhang family worth more than $800 million. Chairman Zhang Lidian and his family control Zhang International, which holds a 52% stake in Yashili. Four directors - Zhang Likun, Zhang Liming, Zhang Lidian and Zhang Libo - each own 18% of Zhang International. Mengniu, which has been criticized for ...
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Chinas Wanda Invests $1 Billion To Launch Hotel Brand In London
Chairman Wang Jianlin Wanda Group, a real-estate conglomerate with global ambitions, has a string of swish hotels in China. Now it plans to add a 160-room luxury hotel in London as part of a £700 million ($1.08 billion) twin-tower residential project acquired from Ireland's Green Property. The Irish developer ...
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Chinas Swiss watch imports decrease in Q1
/enpproperty--> China's import of Swiss high-end watches may decrease over the next few quarters, Tina Zhou, dean of the Fortune Character Institute predicted in the China Watch Report. China imported 77,771 watches from Switzerland in 2012, down from 87,894 units in 2011, according to the report released Tuesday. However, as the average price increased, the import value in 2012 was ...
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UNs Ban meets Chinas Xi for talks
United Nations Secretary-General Ban Ki-moon met Chinese president Xi Jinping for talks on Wednesday, with North Korea and Syria expected to dominate ...
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China NKorea hold strategic dialogue officials
BEIJING (AFP) - A high-ranking North Korean official with long experience as his country's international nuclear negotiator held talks Wednesday with Chinese officials, Beijing's foreign ministry announced.North Korean first vice foreign minister Kim Kye-Gwan and Chinese vice foreign minister Zhang Yesui co-chaired a "strategic dialogue" meeting between their ministries in ...
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EU and China will discuss trade issues
The Joint Committee of EU and China will meet in Beijing on Friday. On 18 June, the spokesman of the European Commissioner for Trade Karel De Gucht said that the solar panel dispute will not be included in the agenda, but both sides are trying to find a middle ground solution for the trade issue. EU trade spokesman said. "I can clarify that both sides (EU and China) have together agreed on ...
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Beckham travels to China
Beijing, June 19 : Retired soccer champ David Beckham is in China to build enthusiasm for the game in the world's most populous country, where fans are pretty discouraged at the moment over the poor performance of their national ...
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From China to Gozo with baggage
From Jamaica to Bangladesh, from Guyana to Malaysia, China Communication Construction Company has left a trail of controversy, facing allegations of bribery, collusion and lack of ...
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China weighs choices on pacific trade pacts experts
Some leading political economists have lauded China's renewed interest in the controversial Trans- Pacific Partnership (TPP), telling Xinhua that China would enjoy more leverage on the tenor of negotiations "from the inside."While the US has touted the TPP as a new kind of trade pact beyond the traditional areas of free trade agreements (FTA) - covering regulatory consistency ...
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Chinas key money rate closes at multi-year high trading extended
* Trading extended for 30 minutes to let banks borrow money * Banks scale back non-essential business, such as arbitrage * Benchmark 7-day repo rate jumps to highest since Oct 2007 * Traders only expected mild PBOC cash injection in near term * But liquidity should improve in medium term (Add trading time prolonged, other details) By Lu Jianxin and Gabriel Wildau SHANGHAI, June 19 (Reuters) - ...
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Over 8200 arrested in China for food safety crimes
More than 8,200 suspects have been captured since a campaign to crack down on crime was launched on January 25, the Ministry of Public Security said Wednesday. The ministry said police uncovered more than 4,500 cases involving food safety offenses and closed about 6,300 workshops and markets that produced or sold illegal food products. Police confiscated more than 150,000 illegal products, ...
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Mexican food exports to China to reach $1b minister
Mexico would export food valued at least $1 billion to China over the next 12 to 18 months, Agriculture Minister Enrique Martinez said Tuesday.Martinez spoke of his recent visit to China at a press conference, with motives to follow the agreements signed during Chinese President Xi Jinping's visit to Mexico earlier this month.Martinez said it was difficult to specify the numbers and targets ...
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Samsung sales of midrange large-size smartphones to affect China-based brands
Samsung Electronics' launch of large-sized Galaxy Mega family smartphones for the US$400-600 segment will affect sales of comparable models launched by China-based branded vendors including Huawei, ZTE, Lenovo and Coolpad, according to industry ...
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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