China News

People's Daily | Dec 17, 2011

BEIJING, Dec. 17 (Xinhua) -- China Datang Corporation Renewable Power Co., Limited is set to see its profits for 2011 increase by 50 percent on a year-on-year basis, a senior executive of the company said on Saturday, the first anniversary of its listing on the Hong Kong H Shares market.

Hu Yongsheng, the general manager and an executive director of the company, said its reserved generating capacity totals 100.6 million kilowatts with a broadly expanded stationing of new resources in 30 Chine ...

Guardian | Dec 17, 2011

China is tightening trade policy and imposing punitive import taxes – a clear indication, say experts, that it fears an economic 'hard landing'While Europe's leaders were wrestling with the problem of who will bail out whom last week, the world's other two major trading blocs, the US and China, were gearing up for a potentially damaging trade war.As China slapped punitive import taxes on gas-guzzling American cars, and stepped up its rhetoric against the US, complaining about what it said were US subsidies, some Beijing-watchers read it as a sign that the government is so alarmed about a...

Guardian | Dec 17, 2011

When the artist and human rights activist Ai Weiwei was arrested by the Chinese government in April and held in secret for 81 days, he became an international cause célèbreTwelve months ago, Ai Weiwei was a celebrated artist, whose Sunflower Seeds had just opened at Tate Modern to widespread acclaim.Today he is as famous for the 81 days he spent in detention this spring as for his work. In attempting to silence him, the Chinese authorities appear to have amplified...

People's Daily | Dec 17, 2011

BEIJING, Dec. 17 (Xinhuanet) -- China aims to keep the unemployment rate among registered city dwellers under 5 percent from 2011 to 2015, according to a statement released on Friday after an executive meeting of the State Council.

During those years, the government aims to create jobs for 45 million people in cities and 40 million unemployed laborers in the countryside.

"Employment pressures will continue to increase in the 12th Five-Year Plan (2011-2015) period," said the statement, citi ...

People's Daily | Dec 17, 2011

BEIJING, Dec. 17 (Xinhuanet) -- The mainland on Friday launched a pilot program that will allow overseas investors to use offshore yuan deposits to invest in the mainland's capital markets.

Calling it a landmark move, experts said the deregulation will increase the popularity of the currency and expedite its internationalization.

The initial quota of the program, known as the RMB Qualified Foreign Institutional Investor, is 20 billion yuan ($3.1 billion), according to the China Securities ...

People's Daily | Dec 17, 2011

WASHINGTON, Dec. 16 (Xinhua) -- The U.S. International Trade Commission (USITC) Friday launched a probe into certain products from China after several U.S. companies alleged their patents were infringed.

The products in question include televisions and Blu-ray players produced by Haier Group of China and Vizio Inc. under Taiwan-based Amtran Technology Company and sold in the U.S. market, the USITC said.` Five U.S. technology companies filed a complaint with USITC last month, saying those prod ...

People's Daily | Dec 16, 2011

BEIJING, Dec. 16 (Xinhua) -- The State Council, or China's Cabinet, on Friday called for efforts to strengthen fire prevention to create a safer environment for people and the country's economic development.

Some local authorities have a weak sense of their responsibility to prevent fires and major blazes have erupted at times, said a statement released after an executive meeting of the State Council presided over by Premier Wen Jiabao.

The country will take measures to improve the design ...

People's Daily | Dec 16, 2011

BEIJING, Dec. 16 (Xinhua) -- China's top legislature will deliberate an expository bill of the Macao Basic Law as well as other draft laws and amendments in a bimonthly session scheduled for later this month, a statement said.

The National People's Congress (NPC) Standing Committee will convene a session on Dec. 26 to 31 in Beijing, according to a decision made at Friday's meeting of the chairman and vice chairpersons of the NPC Standing Committee, which was presided over by NPC Standing Comm ...

People's Daily | Dec 16, 2011

BEIJING, Dec. 16 (Xinhua) -- A senior official of the Communist Party of China (CPC) has called for more economic and cultural exchanges between the Chinese mainland and Taiwan and denounced "Taiwan independence" as a huge risk for the peace of the Taiwan Strait.

Jia Qinglin, chairman of the Chinese People's Political Consultative Conference National Committee, made the remarks Friday at a conference to commemorate the 20th anniversary of the founding of the Association for Relations Across t ...

New York Times | Dec 16, 2011

Anger at a possible land deal boiled over in Wukan, China, after a popular villager chosen to negotiate a solution died in police custody.

People's Daily | Dec 16, 2011

BEIJING, Dec. 16 (Xinhua) -- China's securities regulator said Friday it will speed up the approval of Qualified Foreign Institutional Investors (QFII) to allow more foreign capital into the country's securities markets.

Authorities made the decision because of a recent decline in yuan funds stemming from foreign exchanges and subsiding pressure on the international balance of payments, said an official with the China Securities Regulatory Commission (CSRC) on condition of anonymity.

The ...

People's Daily | Dec 16, 2011

BEIJING, Dec. 16 (Xinhua) -- China's Ministry of Commerce (MOC) said Friday it supports a Chinese company's bid to buy shares in the Portuguese power giant Energias de Portugal (EDP).

The government supports Chinese companies' participation in the Portuguese government's privatization of its state-owned assets and their cooperation with Portugal in the electricity area, MOC spokesman Shen Danyang said in a statement.

In a statement last month, EDP said it had reached an agreement for a pos ...

People's Daily | Dec 16, 2011

BEIJING, Dec. 16 (Xinhua) -- China issued rules for pilot programs of RMB Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.

The move is expected to widen the investment channel of overseas RMB funds and add new momentum to the country's bid to make the RMB an international currency.

Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in ...

People's Daily | Dec 16, 2011

BEIJING, Dec. 16 (Xinhua) -- Trade volume between China and the Association of Southeast Asian Nations (ASEAN) in 2010 was 36 times what it was in 1991, the year in which formal relations between the two sides were established, according to new statistics.

The volume is expected to reach 500 billion U.S. dollars in 2015, according to figures revealed Friday at the China-ASEAN Beijing Economic Forum, an event taking place in China's capital from Dec. 16 to 18 to commemorate the 20th anniversa ...

Washington Post | Dec 16, 2011

ISLAMABAD — Reaching the summit of K2 in summer is one of mountaineering’s most deadly and difficult challenges.
Now, a team of Russians is attempting what no other has yet achieved — scaling the world’s second highest peak in winter.
The 15 climbers will endure temperatures plunging more than 50 below zero and winds of up to 70 kilometers an hour (40 miles per hour) as they inch up the stunning giant pyramid that straddles Pakistan and China. The assault is expected to take 2 1/2 months.