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IHT Rendezvous The Art Hong Kong Really Loves ‘Rubber Duck’
The Dutch artist Florentijin Hofman’s giant rubber duck in Victoria Harbor. Here is the art-related news that the average Hong Kong resident cared about most this week: The giant rubber duck has been revived. Billionaire collectors may have arrived for the ...
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How Well Do China and India Know Each Other
Chinese Premier Li Keqiang waves at the media in front of Indian Prime Minister Manmohan Singh during his ceremonial reception at the Indian President's palace in New Delhi, India, Monday, May 20, 2013. (Saurabh ...
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China to issue 26b yuan in two-year T-bonds
The Ministry of Finance (MOF) said Friday that it will sell 26 billion yuan (4.2 billion US dollars) in two-year book-entry treasury bonds. The issuance marks the ministry's 12th issuance of book-entry treasury bonds this year, the ministry said in a statement on its website. ( The bonds carry a fixed annual interest rate of 2.98 percent. The interest will be paid every year on May 27, ...
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NKorean envoy delivers letter to Chinas Xi
A top North Korean envoy delivered a letter from leader Kim Jong Un to Chinese President Xi Jinping on Friday as part of efforts to mend fences after Pyongyang angered Beijing with recent snubs and moves to develop its nuclear ...
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Happy to enhance China-India friendship
After graduating from University, I got a job offer from China Radio International, whichwas a new challenge for me and an opportunity as well.CRI aims topromote understanding and friendship between the people of China and people throughout the world. CRI has more than two hundred foreign experts. I was working in Hindi department. As I had advantage of knowing Chinese language, I got appraisal ...
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Ferrari to recall 692 vehicles in China
/enpproperty--> BEIJING - Luxury sports car manufacturer Ferrari will recall 692 vehicles imported by the Chinese mainland due to defective rear tie-rods, China's quality supervisor said Friday. The recall by Ferrari Maserati Cars Sales and Services (Shanghai) Co. will cover Ferrari's Quattroporte and Maserati Granturismo models manufactured between July 31, 2003 and September 25, ...
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Chinas next economic revolution
Wanda Group of Dalian is building domestic theme parks and resorts. And the Chinese government is investing heavily in roads and railways to help middle-class and affluent consumers get there. These massive infrastructure projects help keep citizens employed -- and, more important, could help China reach its next ...
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Fitch Macao Banks Rapid China Growth Alters Risk Profiles
Lack of Stringent U.S. CMBS Underwriting Could Affect REITs Changes in the availability, pricing, and underwriting stringency of U.S. CMBS financing could affect REITs directly and indirectly, according to Fitch Ratings. In addition, a boom-or-bust cycle for CMBS loan performance would negatively affect REITs that regularly access the CMBS ...
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North Korea willing to take action to ensure peace envoy tells China
Kim Jong-un , also said that North Korea was willing to make joint efforts to resolve problems through six-party talks and other forms of dialogue, the state-run China News Service said on its website. (Reporting by Ben Blanchard and Sui-Lee Wee; Editing by Robert ...
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China calls for denuclearization on Korean Peninsula
Pyongyang envoy seeks end to int'l isolation, say experts China said on Friday it hoped relevant parties to continue sticking to the objective of denuclearization on the Korean Peninsula and work for peace and stability in Northeast Asia. Vice Chairman of China's Central Military Commission Fan Changlong made the call on Friday during his meeting with Choe Ryong Hae, the special envoy ...
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Chinese leader meets DPRK leaders envoy
Liu Yunshan (R), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with Choe Ryong Hae (L), the special envoy to the leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Un, in Beijing, capital of China, May 23, 2013. Choe Ryong Hae, director of the General Political Bureau of the Korean People's ...
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China to simplify forex transactions
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Chinas SOEs face poor profit prospects
BEIJING - With China's State-owned enterprises (SOEs) posting growth of just 5.3 percent from January to April this year, prospects for the SOEs' profitability in 2013 remain poor, analysts said. The SOEs saw their total profit growth slow to 5.3 ...
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Nine killed in Guangdong blaze
/enpproperty--> Nine people, including three boys, were killed in a fire in the Nanhai district of Foshan, Guangdong province, on Friday morning, sources with the provincial emergency management office said. The blaze, which occurred at 5.26 am at a 96-square-meter vehicle center in an industrial zone, was put out an hour later. An investigation is under way, the emergency management ...
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China-Pakistan ties to get fresh vigor premier
/enpproperty--> ISLAMABAD - Visiting Premier Li Keqiang said Thursday that the commitment shared by China and Pakistan to deepening bilateral cooperation will inject new vigor into their friendship. The two nations boast an evergreen friendship that is always full of vim and vigor, Li said in a meeting with a cross-section of Pakistanis devoted to bilateral friendship. Noting that the ...
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Filmed insights into Chinas big change
An urge to record the phenomenon of China's transformation over the past two decades has propelled what has come to be known as the New Chinese Documentary Film Movement. Pioneers such as Duan Jinchuan, Zhang Yuan and Wu Wenguang have pushed a hugely influential "reality aesthetic", taking advantage of developing technologies that allow regular citizens to tell the stories they ...
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US schools vie for partners in China
/enpproperty--> US universities are seeking out partnerships in China, hoping to broaden their international reach and provide academic and research opportunities for students and faculty, as two campus presidents' trips to China show. The University of Pennsylvania "is deeply committed to its engagement in China", said Amy Gutmann, president of the Ivy League school in ...
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More Chinese firms go private
/enpproperty--> Continuing a flurry of going-private deals involving US-listed Chinese companies and private equity firms, Pactera Technology International Ltd, a Chinese information-technology outsourcing company, has received a bid to be taken private by Blackstone Group LP of the US for $680.4 million. New York-based Blackstone, one of the world's largest private equity firms, ...
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Three mainland Chinese charged in HK mercantile exchange probe
View Photo A security guard stands at the entrance as an office worker walks inside the Hong Kong Mercantile Exchange in Hong Kong May 23, 2013. REUTERS/Bobby ...
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Mando China puts listing plan on hold
(25 mins ago) Mando China (1356) said it has decided to delay its plan to floating its shares in Hong Kong due to market volatility. The South Korean autopart maker was originally set to float its shares, aiming forHK$6.8-8.6 apiece, on the local bourse on May 30, seeking to raise as much as HK$2.093 billion. With a broadlot of 500 shares, the minimum charge is ...
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No guarantee of peace NKorean envoy warns China
BEIJING (AP) -- China told a top North Korean envoy Friday it wants a peaceful, denuclearized Korean Peninsula, and said the emissary warned there is "no guarantee of peace" but that his country was willing to hold talks with all ...
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EMEA FX Chinese weakness and monetary policy uncertainty trigger sell-off
This morning, risky assets have been selling off - most notably the Japanese stock market is down more than 7%. The sell-off has continued in European trading, with European stocks trading sharply lower, the yen and Swiss franc stronger and emerging markets generally under selling pressure. We see five overall reasons for this. The first one is the obvious one: that we were simply in for a ...
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Yen intervention after Poor Chinese data
FX Market Overview The US Dollar failed to make any gains on news that the housing market is picking up. New home sales rose to 454,000 in the year to April. That was well above the forecasts of 429,000 and boosted by the fact that the previous month was revised 24,000 higher as well. Neither did the fall in fresh jobless claims strengthen the US Dollar and nor did the news that ongoing jobless ...
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China vows to liberalise interest rates
yuan currency more responsive to market forces and more convertible this year, the government said on Friday. China will draft plans on a deposit insurance system and quicken the development of private financial institutions, according to guidelines on reforms for 2013 drafted by the National and Development and Reform Commission ...
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Liberia Pr China or India - Who Takes Wologisi Mountain
The Government of the People's Republic of China has expressed interest in exploiting the Wologisi Mountain in Lofa County, northwestern Liberia, amidst reports here that an Indian company O.P. Jindal Group has similar interest. Chinese Ambassador Zhao Jianhua, told a news conference Thursday in Monrovia that the Wologisi Mountain is China's interest, but there is yet no formal ...
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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