Img317756831

Ample Reasons for Another Yuan Growth Spurt

Inflation, political pressure and exports are some of the many factors behind a jump in the yuan’s value in August While turmoil over sovereign debt crises roiled markets in Europe and the United States, the value of China’s yuan quietly appreciated the week of August 8 for reasons not entirely...
Continue Reading 0 comment
2371120_980x1200_0

Crash Stirs Concern on Rail Reform

Aside from major uncertainties in measures taken to improve safety, analysts say that the Ministry of Railways is facing questions over the management of debt The deadly train crash on July 23 has raised a frightening new awareness into the risks of rapid infrastructure development, and, the financial...
Continue Reading 0 comment

Beijing Maps Out Telecom Overhaul

China revealed plans for a long-awaited shake-up of its huge telecommunications sector that could enhance competition among carriers and, eventually, lead to billions of dollars in new contracts for global wireless-equipment companies. The restructuring, announced Saturday after years of preparation,...
Continue Reading 0 comment

Mourning Victims Of Wenchuan Earthquake

BEIJING, May 19 (Xinhua) — China on Monday began a three-day national mourning for the tens of thousands of people killed in a powerful earthquake which struck the country’s southwest on May 12. At 4:58 a.m., the national flag at the Tian’anmen Square in downtown Beijing flew at half-mast...
Continue Reading 0 comment

Calling for donations for China earthquake

For those who are looking to contribute to current aid efforts underway, you can now donate money to the Red Cross Society of China which has formed a disaster relief working group to be dispatched to the earthquake-stricken Wenchuan County in Sichuan. They have also published an emergency relief hotline,...
Continue Reading 3 comments

Thousands Feared Dead as Strong Quake Hits China

A powerful earthquake struck a mountainous region of western China on Monday, reportedly killing as many as 5,000 people in a single county and trapping more than 900 students beneath a collapsed high school as tremors shook buildings throughout China and were felt as far away as Thailand and Vietnam,...
Continue Reading 5 comments

Japanese to refine more oil for China

China National Petroleum Corporation is in talks to buy a 49 per cent stake in a Japanese oil refinery operated by Nippon Oil. It is the first investment in Japan by the Chinese company, which is seeking to overcome a chronic shortage of refining capacity. State-owned CNPC and Nippon Oil signed a letter...
Continue Reading 0 comment
1 of 212