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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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UK envoy to Taiwan eyes further bilateral efforts
TAIPEI -- The United Kingdom is looking to further its cooperation with Taiwan in trade, energy and infrastructure, among other areas, the U.K. representative to Taiwan said Wednesday, three months after assuming his ...
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Beckham charms Shanghai as he continues China visit
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Chinese medical team treats people in Brunei
/enpproperty--> A Chinese medical team on Wednesday continued to deepen cooperation with its international counterparts and to treat people in Brunei. The team is taking part in the first ASEAN Defense Ministers' Meeting Plus Humanitarian Assistance and Disaster Relief and Military Medicine Exercise. Thirty-five Chinese joined a field hospital as part of the joint exercise being held ...
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Chinese firm forays into British yacht and hotel markets with US$1.6 bil. investment
BEIJING -- Chinese conglomerate Wanda Group announced Wednesday it will invest nearly US$1.6 billion to acquire British yacht maker Sunseeker and build London's tallest residential ...
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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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Taiwan Eslite to open lifestyle store in Shanghai
/enpproperty--> The Eslite Spectrum Corp, a subsidiary of the Eslite Group from Taiwan, plans to open a lifestyle shop in the new landmark Shanghai Tower in the Lujiazui financial area. Eslite, the largest bookstore chain operators in Taiwan, signed a letter of intent with the Shanghai Tower Construction & Development Co Ltd in Taipei on Jun 19. According to the Shanghai Tower, Eslite ...
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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 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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Shenzhou X astronaut gives lecture today
A special lecture began Thursday morning, given by a teacher aboard China's space module Tiangong-1 to students on Earth. Female astronaut Wang Yaping, one of the three crew members of Shenzhou-10 spacecraft, greeted about 330 primary and middle school students at ...
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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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Nikkei sags as weak China data prospect of less Fed stimulus weigh
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 Chairman Ben Bernanke's confirmation that the U.S. central bank could trim its bond-buying programme later this year. The benchmark Nikkei ended 1.7 percent lower at 13,014.58 points, retreating from a one-week high of 13,245.22 hit on ...
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2 hotpot restaurants named on Shanghais first food safety blacklist
Food safety authorities blacklisted two restaurants and 13 individuals working in the food industry Wednesday, marking the first time they have published their monthly blacklist since the system was introduced last year. The companies and individuals were blacklisted for violating food safety law, according to the Shanghai Municipal Food Safety Committee Office, which posted the blacklist and ...
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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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Chinese tourists abuse of dying dolphin creates wave of public outrage
SANYA, Hainan - Tourists abused an injured dolphin that was beached in south China on Sunday, resulting in the animal's death as well as a wave of public outrage. The dolphin, which had sustained an injury to its tail fin, was found stranded on the beach of the Dadonghai resort complex in Sanya, Hainan Province, on Sunday evening, and tourists lifted it out of the water so they could take ...
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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. ...
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China Manufacturing Contracts to Lowest Level in 9 Months
HONG KONG ...
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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