China News

People's Daily | Jan 05, 2012

Shanghai and Hong Kong signed four comprehensive cooperation agreements yesterday.

They will promote collaboration in commerce, culture, human resources and health care.

A proposal aimed at strengthening partnership in areas including finance, logistics, tourism, technology, education and social governance was also worked out at the second meeting of the Hong Kong/Shanghai Economic and Trade Cooperation Conference in Shanghai.

"The fast changing world offers new opportunities for both ...

People's Daily | Jan 05, 2012

The Pentagon issued a new defense plan on Thursday. The new strategy reduces defense spending in the next 10 years, ends the policy of maintaining constant strength to fight two wars at once and prepares the US to fight one war while waging a holding operation elsewhere against a second threat.

This is a contractive strategy in general, but gives prominence to the Asia-Pacific region. According to the officials of Pentagon, the changes in strategy are mainly aimed at Iran and China.

In f ...

People's Daily | Jan 05, 2012

BEIJING - White papers have played a more important role in introducing China to the world, with more white papers published by the government in 2011 than any other year, according to a statement from the State Council Information Office on Wednesday.

"The white papers issued by the government have served as an important channel through which the international community and the public can know about the national conditions, values, development path, and internal and foreign policies of China ...

People's Daily | Jan 05, 2012

BEIJING, Jan. 5 (Xinhua)-- Top political advisor Jia Qinglin on Thursday underlined the importance of improving welfare for residents in a mudslide-hit town in northwest China's Gansu Province.

Jia Qinglin, chairman of the Chinese People's Political Consultative Conference National Committee, made the remark before attending performances staged by artists from the Gannan Tibetan Autonomous Prefecture of Gansu, which was hit by a major mudslide in 2010.

Jia, who is also a member of the Stan ...

The Sydney Morning Herald | Jan 05, 2012

President Barack Obama has unveiled a strategy for a leaner US military focused on countering China's rising power while signalling a shift away from large ground wars against insurgents.

The Sydney Morning Herald | Jan 05, 2012

President Barack Obama has unveiled a strategy for a leaner US military focused on countering China's rising power while signalling a shift away from large ground wars against insurgents.

New York Times | Jan 05, 2012

Although there is doubt about Beijing's ability to influence the North Korean regime, China remains Pyongyang's last remaining major ally.

BBC | Jan 05, 2012

China and US dispute EU climate charges despite the low cost

Guardian | Jan 05, 2012

Last month's Durban climate talks have given a strong signal that governments are serious about tackling global warmingBusinesses should be putting plans in place this year to prepare for a low-carbon economy, having been given a strong signal from the latest climate change negotiations that governments are serious about tackling global warming, according to the former United Nations climate chief.Yvo de Boer said the message from the Durban climate talks in December, which ended with a ...

The Economist | Jan 05, 2012

Democracy, Chinese-style

The Economist | Jan 05, 2012

THE fast-flowing currents and rich biodiversity of the Mekong river have gained a temporary reprieve. A meeting in December of the Mekong River Commission (MRC) has once again withheld approval for a controversial dam at Xayaburi in northern Laos. In a joint statement the four members of the MRC—Cambodia, Laos, Thailand and Vietnam—called for further studies on the dam’s impact on the lower Mekong. (Until now the river has not been dammed outside China—see map.) The MRC said it would ask Japan to help conduct the research.The decision to postpone construction has been applauded by many...

People's Daily | Jan 05, 2012

China's service providers reported modest business expansion in December but companies were least optimistic about their future, an HSBC survey showed today.

The HSBC Business Activity Index, a seasonally-adjusted gauge of the service sector in China, remained at 52.5 in December, the same as in November when it hit a three-month low. A reading above 50 indicates expansion.

"Unmoved from a month earlier, the service PMI pointed to a subdued growth momentum," said Qu Hongbin, chief economis ...

People's Daily | Jan 05, 2012

HONG KONG, Jan. 5 (Xinhua) -- Hong Kong stocks closed up 86.1 points, or 0.46 percent, at 18,813.41 on Thursday.

Turnover totaled 37.09 billion HK dollars compared with Wednesday's 43.57 billion HK dollars (1 U.S. dollar equals to 7.77 HK dollar). ...

People's Daily | Jan 05, 2012

HONG KONG, Jan. 5 (Xinhua) -- HSBC said on Thursday its Hong Kong Purchasing Mangers' Index (PMI), a composite indicator designed to reflect changes in business conditions in the city's private sector economy, posted 49.7 in December, up from 48.7 in November, noting a rise for the first time over the past five months.

The figure represented the weakest deterioration in the operating conditions faced by Hong Kong's private businesses since the current sequence of sub-50 PMI readings began in ...

People's Daily | Jan 05, 2012

BEIJING, Jan. 5 (Xinhua) -- China's stock index futures closed lower Thursday with the contract for January 2012, the most actively traded, down 0.97 percent from the previous trading day to 2,291.0 points.

The February 2012 contract lost 1.14 percent to 2,299.0 points. The March 2012 contract dropped 1.16 percent to 2,314.0 points, while the June 2012 was down 1.08 percent to finish at 2,334.0 points.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset va ...

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