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Under house arrest Chinese bishop uses social media to encourage pilgrimage
Imprisoned Bishop Ma Daqin of Shanghai used social media to lead the faithful in prayer on May 24 as Chinese Catholics observed the feast of Our Lady of Sheshan on May 24. Bishop Ma, who is living under house arrest at an undisclosed location in Shanghai, is recognized by the Vatican as the rightful Bishop of Shanghai. He has been denounced by the Beijing government since, at his episcopal ...
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Swiss free trade deal underscores Chinas globalisation Li
BERNE, Switzerland (AFP) - Chinese Premier Li Keqiang on Friday hailed a free trade deal with Switzerland as a landmark achievement, saying it had "huge meaning" for global trade and underscored Beijing's growing openness to the world."This free trade deal is the first between China and a continental European economy, and the first with one of the 20 leading economies of the ...
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UPDATE 1-U.S. audit regulator reaches deal with China on document access
Fri May 24, 2013 4:14pm EDT * U.S.-China deal reached after years of negotiations * Deal will pave way for auditor enforcement actions * U.S. had been blocked from probing Chinese audit failures By Dena Aubin and Sarah N. Lynch NEW YORK, May 24 (Reuters) - U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of ...
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Mainland authorities are investigating claims that unidentified North Koreans hijacked a Chinese fishing boat kidnapped 16 sailors and are demanding a ransom.
Mainland authorities are investigating claims that unidentified North Koreans hijacked a Chinese fishing boat, kidnapped 16 sailors and are demanding a ransom. The armed mob hijacked the boat on May 6 and escorted it toward their country while the vessel was sailing in waters around 70 kilometers from the North's western coast, according to mainland media reports and the boat's owner, ...
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Premier Li Keqiang arrived in India yesterday on the first stop of his maiden foreign trip for talks on issues ranging from an unresolved border dispute to a festering trade imbalance.
Premier Li Keqiang arrived in India yesterday on the first stop of his maiden foreign trip for talks on issues ranging from an unresolved border dispute to a festering trade imbalance.Li, dogged by demonstrators in New Delhi, will hold talks with Prime Minister Manmohan Singh today and meet other Indian leaders, including from the main opposition BJP party, foreign ministry officials said.Sonia ...
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Slideshow Top 10 States Exporting to China
Nearly everyone knows the United States imports a lot from China (and if you don't, you're probably not a regular reader of The Journal of Commerce), but American companies are increasingly exporting more to the Asian manufacturing juggernaut, too. The U.S. exported $108.6 billion worth of goods to China last year, 6.5 percent more than a year earlier, according to a recent U.S.-China ...
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China Sentiment Indicator Flops
Nice try. China's economy losing momentum. China business leaders preparing for rainier days. China continues to disappoint. Following HSBC Flash PMI going below 50, and below consensus, on Friday one of the big business surveys on China says sentiment in the C-suite is souring. ...
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China Has Growth But Were Tapping The Brakes On Ford At $15
Ford Motors have rallied more than 20% in the past three months on the back of solid North American operations, some improvement in Europe and surging sales in China. Ford's Chinese sales have surged 49% through April, and the world's largest auto market now accounts for about a sixth of the automaker's global sales. Sales have been helped by the Focus and the Kuga, both of which ...
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Taiwan lowers forecast for 13 GDP growth to 2.4
TAIPEI, Taiwan -- The Directorate General of Budget, Accounting & Statistics (DGBAS) yesterday lowered its 2013 growth forecast for Taiwan by 1.19 percent to 2.4 percent, after the performance in the first quarter fell far below ...
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Bosch Taiwan works toward improved sales results in 2013
"After experiencing significant growth in the past years, our sales were subdued under the circumstances of high economic uncertainty in both the local and global economy in 2012. We aim to improve our sales performance in the current year despite the continuous influence of the considerable economic risks," said Bernd Barkey, managing director of Bosch Taiwan. "Despite the ...
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Chinese computer company Lenovos net profit rises 34
HONG KONG -- Chinese computer maker Lenovo Group Thursday announced a jump in net profit for the financial year of 34 percent, despite the slowing PC ...
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China manufacturing sees 1st fall in 7 months HSBC
BEIJING -- Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest ...
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Taiwan forms cloud computing initiative to join Facebook project
TAIPEI, Taiwan -- In an effort to participate in Facebook's Open Computing Project (OCP), Taiwan's academia and enterprises yesterday joined forces, announcing plans to establish a certification center and standards to govern hardware specifications ...
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US report urges action on Chinese hacking
WASHINGTON -- The United States should consider curbs on Chinese investment or even offensive operations against hackers to address the growing toll from intellectual property theft, a report said ...
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TAIEX dives on US Fed concerns China data
Selling, in particular, accelerated after HSBC Holdings and Markit Economics reported a worse-than-expected Chinese Purchasing Manager's Index (PMI) for May, which made concerns over the regional economy run deeper, the dealers said. Large-cap stocks such as Taiwan Semiconductor Manufacturing Co. (TSMC), the most weighted stock in the local bourse, faced heavy profit-taking pressure after ...
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Chinese equity firm invests in Philly firm
A Chinese private equity firm made a $7 million investment in Philadelphia investment advisory and consulting firm VTL Associates to help capitalize the firms future growth plans for its RevenueShares family of exchange-traded funds. The investment from Suzhou Industrial Park Kaida Venture Capital, an international venture capital firm based in Dalian, China, represents a 22 percent equity stake ...
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Chinese Christians Protest Rule Requiring Bishops Be Elected by Government
Faithful on St.Peter's Square cheer after white smoke rose from the chimney above the Sistine Chapel, indicating a new pope has been elected at the Vatican, March 13, 2013. White smoke rose from the Sistine Chapel and the bells of St. Peter's Basilica rang out on Wednesday, signaling that Roman Catholic cardinals had ended their conclave and elected a pope to succeed Benedict ...
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President Xi gets letter from DPRKs top leader
/enpproperty--> A special envoy from Kim Jong-un, the top leader of the Democratic People's Republic of Korea, delivered a handwritten letter from Kim to President Xi Jinping on Friday. The envoy said that peace on the Korean Peninsula and in Northeast Asia is not guaranteed due to the complex situation, but his country is willing to "take positive actions" to solve problems ...
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Full text of Lis article on German newspaper
/enpproperty--> BERLIN - Chinese Premier Li Keqiang on Thursday published a signed article on German weekly newspaper Die Zeit titled "Open Up New Horizon for China-Germany Relations." The following is the full text of the English translation of the article: I will soon be visiting Germany again to boost China's cooperation with Germany on all fronts. People may want to ...
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Late writers widow protests auction of letters
/enpproperty--> A collection of letters and manuscripts that reveal extensive life details and literary views of renowned writer Qian Zhongshu will go under the hammer in June, despite Qian's 102-year-old widow, Yang Jiang, saying it is "very inappropriate" to publicize the family's private communications. The sale includes a 207-page manuscript in pen of Qian's ...
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Xi pledges to safeguard the environment
/enpproperty--> China will never pursue temporary economic growth at the expense of environmental degradation, President Xi Jinping vowed on Friday. "Those who made rash decisions regardless of the ecological environment, resulting in serious consequences, must be brought to account, and should be held accountable for a lifetime," he said. "Only by implementing the strictest ...
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Key step cleared to Swiss-China free trade deal
BERNE, Switzerland (AFP) - Switzerland and China cleared the final hurdle Friday towards a landmark free-trade agreement, as Beijing seeks to underscore its growing global ties via deals with European partners.As China's Premier Li Keqiang and Swiss President Ueli Maurer looked on, the two nations' economy ministers inked a memorandum of understanding which paves the way for the formal ...
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China Gains Ground among Customers of Venezuelan Oil
Caracas, May 24 (Prensa Latina) China has consolidated its position among international purchasers of Venezuelan oil, with an average volume that currently amounts to 626,000 barrels per day, industry sources said. Notably, reports from the state oil company Petroleos de Venezuela (PDVSA) show 350,000 barrels per day in 2012. However, the Minister of Petroleum and Mining and President of PDVSA, ...
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74 illegal Chinese workers detained by Russian police
The Chinese embassy in Moscow confirmed to the Global Times on Friday that Russian police authorities had detained Thursday 74 Chinese workers working illegally in Russia's Volgograd region.The embassy officials who were quickly informed about the incident arrived in Volgograd on Friday to negotiate with Russian authorities about the issue, a press officer from the embassy told the Global ...
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Satellite data network reaches S. China Sea
/enpproperty--> SANYA - A satellite data receiving station was launched on Friday enabling China to now obtain observation information about the South China Sea. The station, in Sanya in south China's island province of Hainan, was launched by the Institute of Remote Sensing and Digital Earth under the Chinese Academy of Sciences. China will now be able to obtain satellite remote ...
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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