China News

People's Daily | Nov 06, 2011

BEIJING, Nov. 6 (Xinhua) -- Vice Premier Hui Liangyu on Sunday evening attended a reception in Beijing and joined Islamic religious personages and representatives of Chinese Muslims in celebrating the annual Corban Festival.

The reception was held by the Islamic Association of China (IAC) on the eve of this year's Corban Festival, which falls on Monday.

Corban Festival, also known as Id al-Gurban, is a major Islamic festival showing faith and obedience to Allah. People slay livestock and d ...

New York Times | Nov 06, 2011

Murong Xuecun, a popular Chinese novelist, often runs afoul of censors, which has pushed him to become a vocal critic of censorship in China and driven him to publish on the Internet.

Guardian | Nov 06, 2011

• Sale of Pan American stake was to fund Gulf spill costs • Putative buyer Bridas puts blame on BP's 'behaviour' A key part of a BP fundraising programme to help pay compensation and liabilities connected to the Gulf of Mexico oil spill has collapsed in an acrimonious dispute with a business owned by a Chinese state oil group.The failure of a $7.1bn (£4bn) deal to sell its 60% holding in Pan American Energy and a decision not to sell it on elsewhere indicates that BP has diluted plans announced...

Guardian | Nov 06, 2011

The G20 summit proved that China has overtaken the west – and acquired some of its problems on the wayThe global economy has three main pillars: the United States, the European Union and China. America was where the crisis began, with a housing-market bubble that corrupted the financial sector''. Europe is where the crisis now has its locus, amid fears that the single currency could break apart. China, despite steaming ahead since the slump of late 2008, may be next.The fact that...

npr | Nov 06, 2011

There's one country on which the European Union has been pinning its hopes: China. Twice in the last two weeks, European leaders have asked China for major financial help. NPR's Frank Langfitt talks to host Audie Cornish about China's reaction.» E-Mail This     » Add to Del.icio.us

npr | Nov 06, 2011

As China gears up for a once-in-a-decade political transition, those vying for leadership are backing competing socio-economic models. This year's political debate has sprung out in the open — and it has leaders and constituents considering how to move forward politically.» E-Mail This     » Add to Del.icio.us

People's Daily | Nov 06, 2011

MOSCOW, Nov. 5 (Xinhua) -- Withstanding various tests and challenges during the past 10 years, the Shanghai Cooperation Organization has started to enjoy thriving cooperation and rising international status, said Chinese ambassador to Russia Li Hui.

China will go on making joint efforts with other SCO members to contribute more to regional and world peace and development, Li said in an interview with Xinhua on the eve of the 10th SCO prime ministers meeting, which will begin on Sunday in St. ...

People's Daily | Nov 06, 2011

BEIJING, Nov. 5 (Xinhua) -- Bank of China(BOC) is facing both challenges and opportunities after being named one of the systemically important financial institutions (SIFIs) by the Financial Stability Board(FSB), said bank officials and economists.

The list of 29 SIFIs was announced Friday in Cannes, France. The list includes global banking giants such as Deutsche Bank and HSBC. The BOC was the only Chinese bank on the list.

"The opportunity outweighs the challenge," said Zong Liang, deput ...

People's Daily | Nov 06, 2011

BEIJING, Nov. 5 (Xinhua) -- China is considering ways to attract more investors to its China-Africa Development (CAD) fund, the country's biggest equity fund focused on African investments, an official said Saturday.

"The Chinese government wants to expand the fund, and we, the China Development Bank (CDB), now are the one and only investor, so we're looking forward to finding partners to invest in the fund," said Wang Yuan, chief economist of the CDB.

She said there was not yet a timetabl ...

People's Daily | Nov 06, 2011

URUMQI, Nov. 5 (Xinhua) -- China has worked out policies to transform two western border towns into key financial and manufacturing hubs connecting the country's inland areas with neighboring central and south Asian countries, particularly Kazakhstan and Pakistan, officials and experts say.

The State Council, China's Cabinet, announced in October a plan to set up two economic zones in the Xinjiang Uygur Autonomous Region. The move is expected to bring prosperity to the relatively poor Xinjian ...

BBC | Nov 05, 2011

Emergency teams have rescued 45 miners who were trapped for more than 36 hours in a coal mine in Samenxia, Central China.

Christian Science Monitor | Nov 05, 2011

As an economic superpower, what does China want on the global stage?


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Christian Science Monitor | Nov 05, 2011

The global economic superpower of China is symbolic in it's ambitious Karakoram Highway expansion project in Pakistan.


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Voice of Russia | Nov 05, 2011

Russia’s duo Yuko Kavaguti and Alexander Smirnov, have won the third leg of the Cup of China figure skating event in Shanghai. Silver went to China’s Dan Zhang and Hao Zhang and bronze to Canadian champions Kirsten Moore-Towers and Dylan Moscovitch .

Voice of Russia | Nov 05, 2011

Russia’s Adelina Sotnikova, 15, has won bronze at the Grand Prix of figure-skating in Shanghai, China. She fell twice during the short program and missed gold that went to Italy’s Carolina Kostner while USA’s Mirai Nagasu claimed silver. RIAN

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