China News

Washington Post | Jan 04, 2012

BEIJING — China and the United States will maintain “very close contact” concerning developments in North Korea following the death of leader Kim Jong Il, a top U.S. diplomat said Wednesday.
Assistant Secretary of State Kurt Campbell is the highest level U.S. official to visit the region since Kim’s death last month raised new concerns about poor, nuclear-equipped North Korea’s stability and U.S.-North Korean talks that were disrupted just as they were making headway.

Voice of Russia | Jan 04, 2012

Russia and China object to toughening sanctions against Iran. China is opposed to putting national law above international law by any country, as well as to unilaterally slapping sanctions on other states, the Chinese Foreign Ministry spokesman Hong Lei said earlier today.

Voice of Russia | Jan 04, 2012

China has cut the number of national TV entertainment programs by two thirds, local media say. From now on, the Chinese national television will not broadcast programs which the government described as ";excessively funny"; or ";low-quality";. The forbidden programs include talent contests, discussions, match making shows and soap operas.

BBC | Jan 04, 2012

Satellite broadcasters in China have cut prime-time entertainment TV by two-thirds following an order by the state watchdog, state media reports.

BBC | Jan 04, 2012

Macau's casino revenues jump 42% in 2011, helped by more visitors from mainland China and despite weaker global growth.

BBC | Jan 04, 2012

Seoul approves Samsung Electronics factory in China

Guardian | Jan 04, 2012

Official in Guangdong province is accused of lacing business lunch dish with toxic herb to murder billionaire Long LiyuanThe sudden death of a billionaire in southern China is causing police to ask: was it murder by cat meat?Long Liyuan, 49, died on 23 December in wealthy Guangdong province after sharing a dish of slow-boiled cat meat stew, a southern delicacy, with two men over a business lunch.One of the men, local official Huang Guang, was arrested by police on Friday on suspicion of poisoning the hotpot with a toxic herb. Police say Huang and Long had economic disputes.Huang, deputy...

People's Daily | Jan 04, 2012

BEIJING, Jan. 4 (Xinhua) -- Chinese exporters faced more trade friction last year in the wake of a volatile global recovery and surging protectionism sentiment, the Ministry of Commerce (MOC) said Wednesday.

As of Dec. 27, China had faced 67 trade remedy investigations in 2011, involving 5.9 billion U.S. dollars, an official with the MOC's Bureau of Fair Trade for Imports and Exports said on the condition of anonymity.

Both the number of the investigations and value involved were at high l ...

People's Daily | Jan 04, 2012

BEIJING, Jan. 4 (Xinhua) -- China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,169.39 points on Wednesday, down 30.03 points, or 1.37 percent, from the previous close.

A Share Index: 2,272.67 points, down 31.45 points, or 1.36 percent;

B Share Index: 212.09 points, down 3.17 points, or 1.47 percent;

Total Turnover: 40.63 billion yuan (6.45 billion U.S. dollars). ...

People's Daily | Jan 04, 2012

BEIJING, Jan. 4 (Xinhua) -- The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 22.4 points, or 3.07 percent, to close at 707.11 points on Wednesday.

The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the Shenzhen Stock Exchange.

The ChiNext Board, which started trading on Oct. 30, 2009, mainly lists ...

People's Daily | Jan 04, 2012

SEOUL, Jan. 4 (Xinhua) -- Samsung Electronics, the world's largest maker of memory chips, planned to build a semiconductor plant in China to produce NAND flash memory chips based on 10- nanometer class technology, the economy ministry said Wednesday.

According to the Ministry of Knowledge Economy, Samsung submitted an application for the factory construction to the ministry on Dec. 6, before getting approval Wednesday. The ministry made the decision after holding two meetings of the industria ...

People's Daily | Jan 04, 2012

BEIJING - Almost 10 years ago, when Chinese director Zhang Yimou borrowed $30 million from an overseas bank for his masterpiece Hero, which was nominated as Best Foreign Language Film at the Academy Awards, he became a film-financing pioneer.

At that time, government grants were the main source of money for the cultural industry in China. The domestic financial industry began to support the cultural sector in 2006, when China Merchants Bank Co Ltd provided an unsecured loan of 50 million yua ...

People's Daily | Jan 04, 2012

BEIJING, Jan.4 (Xinhua) -- The growth of China's non-manufacturing sector saw a dramatic rebound in December, as indicated by a rise in the Purchasing Managers Index (PMI), according to the China Federation of Logistics and Purchasing (CFLP).

The non-manufacturing sector's PMI, a key economic indicator, grew to 56 percent in December from 49.7 percent a month earlier, the CFLP said.

A PMI reading above 50 indicates expansion from the previous month, while a reading below 50 indicates contr ...

People's Daily | Jan 04, 2012

BEIJING, Jan. 4 (Xinhua) -- The Chinese currency Renminbi, or the yuan, rose 8 basis points to a record high of 6.3001 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each bus ...

People's Daily | Jan 04, 2012

Gordon Chang, author of The Coming Collapse of China (2001), updated his prediction last week. In an article published in Foreign Policy, Chang admitted his prediction of the CPC's fall by 2011 was wrong, but insisted he was "only off by a year." Now he invites people to bet on the coming collapse of China in 2012.

The astounding prediction apparently brought instant fame for Chang a decade ago.

In 2001, the book became an overnight sensation amid various doomsday predictions of China's ...