China News

Guardian | Dec 27, 2011

Visa change would affect workers abroad, journalists and students as China follows US with tighter rulesChinese legislators are considering new visa rules that would introduce fingerprinting of foreigners wanting to work or study in China, according to the official China Daily newspaper.The draft law on entry and exit procedures, for the first time, allows the ministry of public security and the ministry of foreign affairs to put in place a system to gather biological identification data, such as fingerprints, on foreign visitors, the paper said.Yang Huanming, vice-minister of public...

Guardian | Dec 27, 2011

High levels of distrust over lending point to liquidity freezeBanks deposited a record €412bn (£343bn) with the European Central Bank overnight on Monday, a sum close to the "wall of money" it pumped into Europe's banking system a week ago in an attempt to head off a second credit crunch.The flood of deposits surpassed the previous record of €384bn reached in June 2010, and topped the €347bn put into the ECB "shelter" last Thursday, just before Christmas.Banks are using the low risk – but low return – ECB facility in preference to lending to other banks.

Washington Post | Dec 27, 2011

SEOUL — Japan on Tuesday relaxed its long-standing ban on the export of weapons and military equipment, a move that is expected to boost ailing Japanese defense companies and create opportunities for international projects.
The change, coming after more than a year of government discussion, reflects concern that Japan has fallen behind in weapons development, with its major companies unable to mass-produce and sell their technology abroad. It also helps the country at a time when the government has trimmed its budget for weapons procurement, despite regional...

Guardian | Dec 27, 2011

Big stores offer payment by Chinese bank card and Mandarin-speaking staff to serve growing number of visitorsAs a harbinger of a gradual shift in global power it is easy to miss: a discreet red, blue and green banded symbol bearing the mysterious legend UnionPay. But walk into Harrods, Selfridges and other high-end stores and you will see it at many tills, meaning the shop accepts China's most popular bank card and is thus actively chasing income from one of the few global economies still expanding at speed.The taste among mainland Chinese...

Voice of Russia | Dec 27, 2011

Russian women have won silver at the Women’s World Chess Competition held in Mardina, Turkey. After drawing four games against the Armenian team the Russian team would have moved down to the third position if India had beaten China.

People's Daily | Dec 27, 2011

XI'AN, Dec. 27 (Xinhua) -- The total crude and gas output of Changqing Oilfield in northwest China exceeded 40 million tonnes of oil equivalent by Tuesday, ranking it the country's second largest oilfield, the company said.

Changqing was after Daqing Oilfield, the annual output of which had already broken the 40-million-tonne mark this year, the subsidiary of China's largest oil and gas producer PetroChina said in a press release.

The whole-year output in 2011 is expected to hit 40.6 milli ...

People's Daily | Dec 27, 2011

BEING, Dec. 27 (Xinhua) -- A judicial interpretation will soon be introduced to clarify the rules in handling insider trading cases, according to an official with the country's securities and futures watchdog.

The interpretation will focus on the investigation and the burden of proof for such offenses, said Gui Minjie, vice chairman of the China Securities Regulatory Commission (CSRC) at a press conference Tuesday.

Judicial interpretations, usually given by the Supreme People's Court (SPC) ...

New York Times | Dec 27, 2011

Three village advocates who had been detained by the police during a confrontation in the village of Wukan in south China have been freed, a spokesman said on Tuesday.

Voice of Russia | Dec 27, 2011

As world markets are fearful of economic collapse and nations struggle with uncertain future from the euro debt crisis, China stands as one of the strongest and only nations that could pull the West out of its financial difficulties.

People's Daily | Dec 27, 2011

BEIJING, Dec. 27 (Xinhua) -- Premier Wen Jiabao said on Tuesday that China should strive to promote agricultural modernization and protect farmers' rights to boost the development of rural areas.

As a country with a large population, agricultural modernization is equally important as urbanization and industrialization to China, Wen said at the annual central conference on rural work that opened Tuesday in Beijing.

Any slight failure in agriculture will hamper the country's economic develop ...

Voice of Russia | Dec 27, 2011

The USS Carl Vinson, a US nuclear powered aircraft carrier, is in Hong Kong for a three day visit.

Voice of Russia | Dec 27, 2011

Polish customs officers have confiscated 1,000 fake memorial medals of the European football championship which is to take place in Poland and Ukraine in the summer of 2012. The medals were made in China. All of them will be destroyed at the expense of the importer.

Washington Post | Dec 27, 2011

BEIJING — Mildewed feed given to cows caused the high levels of a cancer-causing toxin found in milk from China’s biggest dairy company and a smaller one, according to a government safety agency investigating the troubled dairy industry’s latest scandal.
An expert review identified the mildewed feed as the cause of the excessive levels of aflatoxin in milk from industry giant Mengniu Dairy Group and the Fujian Changfu Dairy Industry Group, the quality supervision and inspection agency said in a statement posted on its website late Monday.
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Washington Post | Dec 27, 2011

BEIJING — Chinese police have arrested a suspect in the murder of an official 17 years ago that became the basis of a popular film about Tibetan antelope poaching
Ranger and government official Sonam Dargye was killed during a gunfight with poachers as he tried to protect endangered antelopes in western China in 1994.
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BBC | Dec 27, 2011

China's industrial companies are posting slower profit growth, a further sign that the country's economy is losing pace.

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