China News

BBC | Nov 15, 2011

More reports emerge that China's bullet trains, recalled over safety fears earlier this year, are expected to return to service.

People's Daily | Nov 15, 2011

BEIJING, Nov. 14 (Xinhua) -- Senior Chinese leaders including Vice President Xi Jinping and Vice Premier Li Keqiang on Monday visited an exhibition dedicated to Qian Xuesen, the country's most reputed aerospace scientist.

The exhibition, named "Qian Xuesen -- People's Scientist", was opened on Nov. 3 in the National Museum in downtown Beijing to celebrate the coming of the 100th birthday of Qian, the man known as the father of China's aerospace technology.

Over 400 pieces of documents and ...

People's Daily | Nov 15, 2011

BEIJING, Nov. 14 (Xinhua) -- Vice Premier Li Keqiang has called for deepening health care reform in a bid to build a health care system that benefits the entire population.

Li made the remarks in an article to be published Wednesday in the upcoming issue of Qiushi, or seeking truth, the flagship magazine of the Communist Party of China (CPC).

The reform of the health care system is an important well-being project for the health of the entire Chinese population, as well as a project that co ...

People's Daily | Nov 15, 2011

BEIJING, Nov. 14 (Xinhua) -- China's top anti-graft official He Guoqiang on Monday urged greater participation of scholars and the general public in the country's anti-corruption campaign.

He, head of the Communist Party of China (CPC) Central Commission for Discipline Inspection, made the remarks while having a meeting with anti-corruption scholars and experts.

The discipline inspection and supervision agencies at all levels should maintain frequent communication with experts in the field ...

People's Daily | Nov 15, 2011

BEIJING, Nov. 14 (Xinhua) -- China has vowed to beef up training for cadres at the grassroots level to help them better fulfill obligations of promoting the country's scientific development, reinforcing social harmony, and serving the masses.

Grassroots cadres should receive strengthened training in "socialist core values," laws and regulations, morals and ethics, and combating corruption, said a notice issued by the Organization Department of the Communist Party of China (CPC) Central Commit ...

People's Daily | Nov 15, 2011

BEIJING, Nov. 14 (Xinhua) -- China's top political advisor Jia Qinglin on Monday called for maintaining peaceful development of cross-Strait relations between the mainland and Taiwan.

Jia, Chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the remarks at the celebrating meeting for the 30th anniversary of the founding of All-China Federation of Taiwan Compatriots (ACFTC).

Established in December 1981, the ACFTC consists of Taiwanese c ...

People's Daily | Nov 15, 2011

BEIJING, Nov. 14 (Xinhua) -- China held a symposium on Monday to commemorate the 100th anniversary of the birth of Liao Hansheng, a former deputy defense minister and lieutenant general in the People's Liberation Army (PLA).

Wu Bangguo, chairman of the Standing Committee of the National People's Congress (NPC), the country's top legislature, attended the symposium.

Wang Zhaoguo, vice chairman of the NPC Standing Committee, called on the public to learn from Liao's "lofty ideals and down-to ...

The Globe and Mail | Nov 14, 2011

Mongolian project may face delay, added cost if deal falls through to import electricity from China

People's Daily | Nov 14, 2011

BEIJING - The tens of millions of meetings held across China every year are creating an economic value of nearly 1 trillion yuan ($157 billion).

According to a report released by the Alliance of China Conference Hotels on Sunday, the number of meetings and conventions held by companies, governments, public-funded institutions and social organizations is growing at an annual rate of 20 percent.

"Holding meetings has become a new industry, to which local Chinese governments paid great attent ...

People's Daily | Nov 14, 2011

HONG KONG, Nov. 14 (Xinhua) -- Hong Kong stocks rose 371.01 points or 1.94 percent to close at 19,508.18 points on Monday, tracking gains in regional markets.

The benchmark Hang Seng Index traded between 19,640.68 and 19,496.16. Turnover totaled 54.20 billion HK dollars (about 6.97 billion U.S. dollars).

The Hang Seng China Enterprises Index rose 286.83 points, or 2.75 percent, to close at 10,716.90.

All of the four sub-indices went up, with the Properties sub-index gained most, rising ...

People's Daily | Nov 14, 2011

HONG KONG, Nov. 14 (Xinhua) -- The following are foreign exchange rates against Hong Kong dollar released by the Bank of China (Hong Kong) Limited on Monday:

Buying Selling

Japanese yen 1,009.00 1,013.00

Swiss franc 860.80 864.15

British pound 1,237.45 1,242.65

Australian dollar 796.50 799.55

Canadian dollar 764.05 767.10

Euro 1,063.80 1,068.60

U.S. dollar 776.90 778.90

(The above exchange rates are expressed per 100 units for the foreign currency, except per 10,000 un ...

People's Daily | Nov 14, 2011

HANGZHOU, Nov. 14 (Xinhua) -- China's currency should play a greater role in a possible future international monetary system that could be developed after eliminating the "wild swings" of the U.S. dollar and euro, Robert Mundell said Monday.

"As the largest trading nation, the second largest national economy and the third largest currency area, China should have an influence in the international monetary system second only to the United States and Europe," the Nobel-laureate economist said in ...

People's Daily | Nov 14, 2011

BEIJING - Despite a fast economic growth China registered during the past years, economists projected the country to experience a lower pace of growth over the next few years.

The coming slowdown will be a normal outcome as the continuous global downturn hurts China's exports while the country striving to adjust its development pattern to wean the economy off its reliance on exports, said Li Yang, vice president of the Chinese Academy of Social Sciences, a government think tank.

The two tr ...

Guardian | Nov 14, 2011

Fidelity's top pundit has seen his Special Situations fund's asset value fall 29% but his bullish belief in China may be vindicatedFidelity's Anthony Bolton, even when he was riding high as the UK's best professional investor, had some lousy years – like the 29% plunge in his UK Special Situations Fund in 1990. Such upsets were quickly forgotten when normal out-performance was restored. Over 28 years, the annualised growth in Bolton's UK fund was 19.5%, which is like doubling your money every 3.7 years. Bolton made a lot of retail investors rich, which is why Fidelity had no difficulty in...

Guardian | Nov 14, 2011

Anthony Bolton turns to private investigators after investors in Fidelity's China fund suffer losses of 21%Anthony Bolton, one of the UK's most famous fund managers, who came out of retirement in 2009 to invest in China, is employing five different corporate investigation firms to check up on his investment targets. The move follows a disastrous year in which the value of some of his fund's assets have slumped on the suspicion of fraud.The Fidelity money manager, below, who launched the firm's China Special Situations fund to retail investors two years ago, has seen assets shrink by more...