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Europe shares fall on US stimulus fears China PMI
Euro STOXX 50 index fell 2 percent to 2,631.88 points. Mining stocks dominated the loserboard, falling on fresh signs of a slowdown in China - the world's biggest metals consumer - while Swiss luxury goods stocks Swatch and Richemont also fell which traders attributed to data showing a fall in Swiss exports. Global equity markets have fallen back from multi-year highs over the last month as ...
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Pumping up power of consumption
Top economist sounds alert on overspending, report Andrew Moody and Lyu Chang in Beijing. Does China need to consume more? Despite the Chinese being famous across the world for snapping up luxury goods, household consumption as a share of GDP was 37.7 percent in 2011, according to the latest World Bank figures. That is far below the 65 to 75 percent in European countries and the United ...
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Nikkei skids as weak China data Fed exit plans chill sentiment
* Nikkei down 1.7 pct, Topix off 1.3 pct as Fed comments hurt mood * China's weak flash PMI drags down China-related manufacturers * Real estate shares battered * Weak yen lends some support to currency-sensitive stocks By Tomo Uetake 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 ...
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RPT-WRAPUP 1-Asian markets hammered on China fears Fed exit plan
Thu Jun 20, 2013 3:18am EDT * MSCI Asia ex-Japan slides 3.5 pct in biggest drop since 2011 * HSBC China "flash" PMI surprisingly weak, PBOC still tight * Asian currencies take a bath, Indian rupee at record low * U.S. Treasury yields hit 15-mth high, underpin US dollar By Chikako Mogi and Wayne Cole TOKYO/SYDNEY, June 20 (Reuters) - Asian markets buckled badly on Thursday after the ...
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Refile-research Alert-china Gdp Growth Hsbc Cuts 2013 2014 Forecast
Thu Jun 20, 2013 3:17am EDT June 20 (Reuters) - June 20 (Reuters) - : * China GDP Growth Forecast: HSBC cuts 2013 forecast to 7.4% from 8.2%; cuts 2014 forecast to 7.4% from 8.4% * MSCI China index: HSBC cuts end-2013 target for index to 60 from 70 * Chinese stocks: HSBC cuts to neutral from ...
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Chinese Astronaut Gives Live Video Lesson From Space
Wang Yaping, China's second female astronaut, is one of three crew members sent to space last week on the Shenzhou-10 spacecraft. She delivered her lecture from the Tiangong-1 experimental space lab, which China views as a prototype for a full-fledged space station. Wang participated in a question-and-answer session with students in a Beijing school. She also conducted a series of ...
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China uses NSA revelations to highlight US hypocrisy on cyber security
After a week of silence, the Chinese government has begun to use the revelations of former CIA operative Edward Snowden about the National Security Agency's (NSA) vast electronic spying to hit back at the Obama administration's allegations of Chinese cyber hacking.Chinese foreign ministry spokeswoman Hua Chungying declared on Monday that the US "should pay attention to the ...
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China manufacturing hits nine-month low in June
BEIJING (AFP) - China's manufacturing activity shrank again in June, HSBC said on Thursday, hitting a nine-month low and adding to concerns about the strength of the world's second biggest economy.The British banking giant said its preliminary purchasing managers' index (PMI) came in at 48.3, worse than May's final reading of 49.2 and its lowest since September.A reading ...
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Chinese astronauts twirl gyroscopes strike kung fu poses in students lecture from space
BEIJING -- 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 people. Wang Yaping demonstrated principles of weightlessness and took questions live from among the 330 grade school kids gathered at a ...
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Vietnam China Expand Joint Exploration in Gulf of Tonkin
HANOI - Vietnam and China have extended an agreement to jointly explore for oil and gas in the Gulf of Tonkin until 2016, while significantly expanding the area involved. The two sides started joint explorations in the gulf - led by state-owned Vietnam Oil & Gas Group, or PetroVietnam, and China National Offshore Oil Corp., or Cnooc - in November 2006. However, no reserves of commercial ...
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FTSE 100 tumbles on U.S. stimulus fears China slowdown
LONDON, June 20 | Thu Jun 20, 2013 3:03am EDT LONDON, June 20 (Reuters) - UK stocks were dealt with a double-blow early on Thursday after the U.S. Federal Reserve signalled its intention to begin scaling back stimulus later this year, while data showed China growth continued to wane. Banks and miners were the sharpest fallers as London's blue chip index declined 98.59 points, or 1.6 ...
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Hong Kong authorities investigate Snowden’s claims on U.S. cyber attacks
HONG KONG, June 20. /ITAR-TASS reporter Alexander Zyuzin /. An investigation into allegations of former CIA employee Edward Snowden that U.S. intelligence has been carrying out cyber attacks against local websites for a long time has begun in Hong Kong. This was reported by Hong Kong police. Experts conduct 24/7 monitoring of the main traffic exchange center, created and governed by the Chinese ...
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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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Taiwan delegation arrives in Shanghai for cross-Straits talks
A delegation headed by Straits Exchange Foundation (SEF) Chairman Lin Join-sane arrived in Shanghai on Thursday for a new round of talks with mainland negotiators.The delegation was welcomed by Cheng Deming, president of the mainland-based Association for Relations Across the Taiwan Straits (ARATS).The talks will be the first of their kind to be held since the two sides' newly-elected ...
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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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Hackers attack Shanghai university websites
/enpproperty--> Most of Shanghai's famous universities have had their websites attacked by hackers, as student candidates and their parents choose majors via the universities' official websites at the end of this year's national collage entrance examination, Shanghai Evening Post reported on Wednesday. The newspaper quoted Qihu360, a leading Chinese company specializing in ...
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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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Shanghai government buys electric vehicles
/enpproperty--> The Shanghai municipal government has bought 10 electric vehicles as part of a government-sponsored project to encourage the use of energy-saving cars. The Roewe E50 model, which was selected for the first batch of EVs for official use in Shanghai, is a domestic battery-driven mini car developed by Shanghai Automotive Industry Corp, or SAIC. The car has advanced ...
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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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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 ...
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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