China News

People's Daily | Dec 15, 2011

Foreign direct investment in China has fallen for the first time in 28 months, mainly due to economic problems in Europe and the United States.

A total of US$8.75 billion came from foreign investors last month, a reduction of 9.76 percent compared to the same period of last year, the Ministry of Commerce said yesterday.

The fall followed increases of 8.8 percent in October and 7.8 percent in September.

Although the total figure in a single month is easily affected by the progress of cer ...

People's Daily | Dec 15, 2011

HONG KONG, Dec. 15 (Xinhua) -- The provisional liquidators of the Hong Kong subsidiary of MF Global, a U.S. futures brokerage which filed for bankruptcy protection on Oct. 31 after a disastrous bet on European debt, said Wednesday that a Hong Kong court has approved in the day an interim distribution of up to 500 million HK dollars (64 million U.S. dollars) of clients money.

Patrick Cowley, a principal at KPMG in Hong Kong and one of the provisional liquidators, said provisional liquidators w ...

People's Daily | Dec 15, 2011

BEIJING, Dec. 15 (Xinhua) -- China will keep import tariffs at a low level next year as part of its course to promote balanced trade by boosting imports, according to a government statement released on Thursday.

The average tariffs on more than 730 categories of imported goods will stand at 4.4 percent in 2012, less than half the rate for the most favored nation under WTO rules, the Ministry of Finance (MOF) said in a statement on its website.

Imports covered in the low tariff catalogue fo ...

Guardian | Dec 15, 2011

Christine Lagarde calls for global unity to tackle financial crisis as French launch verbal broadsides at David Cameron and UKThe world risks sliding into a 1930s-style slump unless countries settle their differences and work together to tackle Europe's deepening debt crisis, the head of the International Monetary Fund has warned.On a day that saw an escalation in the tit-for-tat trade battle between China and the United States and a deepening of the diplomatic rift between Britain and France, Christine Lagarde issued her strongest warning yet about the health of the global economy and...

People's Daily | Dec 15, 2011

BEIJING, Dec. 15 (Xinhua) -- Chinese Vice Premier Li Keqiang on Thursday called for expanding domestic demand to be given a higher priority amid a grim economic outlook and unwavering restrictions on the property market.

China should boost domestic demand to advance economic restructuring and put restructuring "in a more prominent position" while maintaining economic growth and price stability, Li said during a national symposium on development and reforms.

The government should help low-i ...

People's Daily | Dec 15, 2011

BEIJING, Dec. 15 (Xinhua) -- Chinese Vice Premier Zhang Dejiang vowed on Thursday to further exchanges and cooperation with the Democratic People's Republic of Korea (DPRK).

Zhang made the remarks while meeting with his DPRK counterpart, Han Kwang Bok, who is on a working visit to China.

Zhang praised the stable growth of China-DPRK relations, adding China will continue to facilitate friendly exchanges and cooperation with the DPRK in various areas, to further step up bilateral ties.

Th ...

People's Daily | Dec 15, 2011

BEIJING, Dec. 15 (Xinhua) -- Top political advisor Jia Qinglin has urged the united front circles of the Communist Party of China (CPC) to contribute more to the country's economic and cultural development as well as social stability.

Jia, chairman of the Chinese People's Political Consultative Conference National Committee, made the remarks Thursday at a meeting held for officials of the CPC's united front system.

Jia, also a member of the Standing Committee of the Political Bureau of the ...

BBC | Dec 15, 2011

China chooses the character "kong" meaning "control" as word of the year for 2011 in state-backed poll.

Guardian | Dec 15, 2011

White House suggests it may retaliate after Chinese impose series of tariffs on SUVs and other large cars from USThe White House has threatened China with tit-for-tat tariffs on imported goods after Beijing imposed extra costs on the importation of sport utility vehicles (SUVs) and other large cars from the US.Commerce secretary John Bryson said a series of breaches by the Chinese this year showed they were ignoring trade rules.The dispute began after data revealed the Chinese manufacturing sector continued to contract in December, though not by as much as in the previous month.The HSBC/...

The Economist | Dec 15, 2011

Bloody work

The Economist | Dec 15, 2011

AT A ceremony on December 11th to mark the anniversary of China’s admission to the World Trade Organisation a decade ago, President Hu Jintao commemorated “a new historical stage” in the country’s opening up. The next day he and fellow leaders retreated to an army-run guesthouse for a secretive three-day meeting to decide how to run China’s economy in 2012. Their gnomic conclusion: to maintain a “prudent monetary policy” and a “proactive fiscal policy” in the face of an “extremely grim and complicated” global outlook.The annual Central Economic Work Conference (CEWC) sets the tone for...

Christian Science Monitor | Dec 15, 2011

Despite a new smoke-free zone at Peking University, China is making only half-hearted efforts to dissuade people from smoking.


Guardian | Dec 15, 2011

State partially funds Zhang Yimou's The Flowers of War – starring Christian Bale and set during 1937 Rape of Nanking – to boost nation's film industryChina's most expensive film, a bloody blockbuster about the Japanese army's massacre of civilians in Nanjing, will be released in cinemas across the country on Friday as Beijing steps up its efforts to project its "soft power" across the world.The Flowers of War, a £60m epic, is China's official entry to the best foreign language film section of the Academy Awards.The film is partially funded by the state, following increased government...

New York Times | Dec 15, 2011

China is the biggest foreign supporter of the Burmese government, and the ambassador said Daw Aung San Suu Kyi had requested the meeting.

Foxnews | Dec 15, 2011

A city district in heavily Muslim western China is trying to tamp down religious fervor by prohibiting people from wearing veils, traditional Arab dress or growing long beards.