Latest Beijing News
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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 ...
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Seoul shares end near 11-month low China outlook Fed weigh
SEOUL, June 20 | Thu Jun 20, 2013 2:12am EDT SEOUL, June 20 (Reuters) - Seoul shares fell 2 percent to end at its lowest in nearly 11 months on Thursday, as the U.S. Federal Reserve signalled an eventual reduction of easy money and China's factory activity hit a nine-month low. The Korea Composite Stock Price Index ended down at 1,850.49 points. The market's key components were ...
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China shares extend losses CSI300 dips below December lows
HONG KONG, June 20 | Thu Jun 20, 2013 2:10am EDT HONG KONG, June 20 (Reuters) - China shares extended losses on Thursday after a preliminary survey of manufacturing activity in the mainland in June came in at a nine-month low, aggravating jitters from a cash squeeze that is threatening to overwhelm the interbank market. At 0601 GMT, the CSI300 of the leading Shanghai and Shenzhen ...
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China Sentences Uighurs to Jail on Religious Extremism Charges
Chinese courts in the predominantly Muslim, northwest region of Xinjiang have sentenced 19 ethnic Uighurs to prison for inciting religious extremism and other related ...
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China Manufacturing Contraction Deepens In June
China's manufacturing activity contracted at a faster pace in June, reducing the prospects of a promising economic recovery, preliminary results of a survey by Markit Economics and HSBC revealed Thursday. The flash manufacturing purchasing managers' index fell to 48.3 in June from 49.2 in May. The index is now at its lowest level in nine months. Readings below 50 suggest contraction of ...
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China astronaut teaches lesson from space
Crew members of Shenzhou-10 (back L-R) Wang Yaping, Nie Haisheng and Zhang Xiaoguang attend a press conference in Jiuquan, northwest China’s Gansu province on June 10, 2013. China is to send its second woman astronaut into orbit on its longest mission yet, space officials said on June 10, as the country works towards building a space station. AFP PHOTO BEIJING – A Chinese astronaut ...
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China astronaut No UFOs yet
In China's first "space class", the country's second female astronaut in space Thursday says she and her crewmates haven't seen any UFOs during the space trip.Female astronaut Wang Yaping, one of the three crew members of Shenzhou-10 spacecraft, greeted about 330 primary and middle school students at a Beijing high school, through a live video feed system, about 340 km ...
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New China directive ‘Look in mirror ... take a bath’
BEIJING - China’s new leader Xi Jinping is commanding wayward Communist Party cadres to purify themselves of corruption, and he’s summed it up in a pithy slogan as Mao Zedong might have done: Look in the mirror, take a bath. China’s leadership wants to show a cynical public that it’s modernizing and serious about graft, but it appears to be favoring a top-down ...
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Europe Factors to Watch-Shares set to sag after Fed China PMI
PARIS, June 20 (Reuters) - Financial spreadbetters expect Europe's main stock indexes to drop on Thursday, tracking losses on Wall Street after U.S. Federal Reserve Chairman Ben Bernanke confirmed the Fed would begin winding down its stimulus spending later this year. They expect London's FTSE 100 to open around 100 points lower, down 1.6 percent, Frankfurt's DAX 95 to 98 points ...
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China astronauts give students lecture from space
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 Thursday morning. ...
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China factory activity hits 9-month low policy action eyed
BEIJING:China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown and increasing the heat on the central bank to loosen policy. ...
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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