Latest Beijing News
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Six remain trapped in colliery flooding in central China
Rescuers prepare to conduct rescue mission after a coal mine was flooded in Shilong district of Pingdingshan city, central China's Henan province, April 15, 2012. At least five people were killed in the colliery flooding accident which occurred Saturday afternoon, local authorities said. The total number of workers underground is unknown.(Xinhua/Zhu ...
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China allocates 27 bln yuan from land sales for water conservation
BEIJING, April 14 (Xinhua) -- China used 27 billion yuan (4.29 billion U.S. dollars) from land sales to build farmland water conservation projects in 2011, the Ministry of Water Resources said Saturday.Local authorities must set aside 10 percent of their revenues accrued from land sales for farmland water conservation projects, according to the central government's No. 1 document issued at ...
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China to work with U.S. other parties on Syria foreign minister
BEIJING, April 14 (Xinhua) -- Chinese Foreign Minister Yang Jiechi said Friday that China is willing to cooperate closely with the relevant parties including the United States for an early political solution to the crisis in Syria.In a telephone conversation with U.S. Secretary of State Hillary Clinton, Yang said China is willing to work with the international community and will continue to ...
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China targets irregular staff recruitment arbitrary charges
BEIJING, April 14 (Xinhua) -- China has vowed greater efforts to redress malpractice in staff recruitment by government entities and arbitrary charges imposed upon the supply chain by retail giants.Ma Wen, supervision minister and head of the Office of Redressing Malpractices under the State Council, or the cabinet, made the remarks while announcing major tasks for rectifying irregularities ...
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Assam NGO flays Delhi over Brahmaputra deal with Beijing
The government asked the Delhi High Court to initiate contempt proceedings against Idea Cellular, the chairman of the telco's parent company Kumar Mangalam Birla and five other top ...
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Interview China-US economic ties and the SED mechanism
The recently concluded second round of China-U.S. Strategic and Economic Dialogue (S&ED) was widely considered a success. It enhanced strategic mutual trust and smoothed communications between the two countries, providing a basis for talks on more substantial issues. The second round of the S&ED eased previous tensions between the two sides and created a favorable environment for ...
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Interview The change of climate in China-EU economic and trade ties
Due to the impact of the global financial crisis, in the first half of 2009, Sino-EU trade dropped by 22.8 percent compared with the previous year. At the China-EU Business Summit held in Nanjing on November 30, Chinese Premier Wen Jiabao noted that both sides should promote trade and investment liberalization and facilitation. On December 1, the EU's Treaty of Lisbon went on effect, giving ...
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Chinas economy on track for gradual slowdown in H2 as govt reiterates policy stance
China's economy is expected to head toward a gradual slowdown in the second half of this year, as the central government has stated that it will retain its current mix of tightened economic policies.Top officials from the Political Bureau of the CPC Central Committee agreed at a Friday meeting that the country will stick to its proactive fiscal policies in the second half of this year, with ...
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China appeals to WTO against U.S. duties on Chinese diamond saw blades
The Ministry of Commerce on Friday announced that the country has made an appeal to the World Trade Organization (WTO) to conduct a review of the zeroing measure used by the United States in slapping anti-dumping duties on diamond saw blades from China.According to a statement on the ministry's website, the country has made the request following its previous complaint to the WTO in February ...
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China to continue improvement of investment environment official
China will continue to facilitate foreign investment and enhance the protection of intellectual property rights in efforts to improve the investment environment, a senior official said Wednesday. "Improving investment environment and protecting the legal rights of foreign investors are not only the government's promises but also what the government is doing," Yu Jianhua, assistant ...
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IFC to continue investments in China
International Finance Corp (IFC), a member of the World Bank Group which focuses on the development of the private sector in emerging markets, plans to invest more than $500 million in China during its next fiscal year. The funds will be mainly used to support private enterprise in western China in the fields of renewable energy, rural finance and agribusiness, according to Karin Finkelston, the ...
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Chinas FDI looks ready to set new record
Foreign direct investment (FDI) in China looks like it's heading toward a new record and could exceed $106 billion this year, a senior Ministry of Commerce official said, underscoring global investors' confidence in the world's second-largest economy. From January to June, the nation's FDI surged by 18.4 percent year-on-year to $60.9 billion, according to the commerce ...
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Chinas investment does not match status as Australias top trade partner
China's investment in Australia does not match her status as the nation's largest trade partner, said Duan Jielong, China's Consul-General in Sydney on Tuesday. In a speech to Australia China Business Council (ACBC), Duan said as more and more Chinese companies come to Australia to invest, there seems to be some concerns about Chinese investment being too much and growing too ...
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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 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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Chinas H1 logistical expenses up 18.5 year-on-year
China's expenditures on logistical services totaled 3.7 trillion yuan (around 570 billion U.S. dollars) in the first half of 2011, an increase of 18.5 percent year-on-year, statistics showed. The spending accounted for 18 percent of the country's gross domestic product (GDP), the China Federation of Logistics and Purchasing and the China Logistics Information Center said in a report ...
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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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Chinas Lunar Exploration Program
China had collected all the data needed to draw its first full map of the moon surface and was almost done with the mapping work, Sun Jiadong, the chief designer of the country's Chang'e -1 lunar probe has ...
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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 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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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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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 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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China seeks win-win development with Asia
BEIJING, March 10 (Xinhua) -- Residents in Hekou in southwest China can still recall its former days as a quiet, anonymous town that attracted few visitors from neighboring Vietnam for business or sightseeing.But major changes have hit the town in Yunnan province. With two roads and one rail line linking it with Vietnam, Hekou has become a bustling hub for Vietnamese visitors buying bargain ...
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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 ...
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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