China News

Guardian | Oct 29, 2011

Exiled spiritual leader calls on Beijing to halt repressive policies that have led to spate of recent self-immolation protestsThe Dalai Lama has blamed China's "ruthless and illogical" policy towards Tibet for the recent deaths of monks who set themselves on fire in protest against Beijing's rule.The exiled Tibetan spiritual leader also called on the Chinese government to change its repressive policies in Tibet, which include a crackdown on monasteries and the Tibetan language."For their own interest, not just the interest for certain sort of problem here and there, but for the whole...

Voice of Russia | Oct 29, 2011

All Chinese residents will be fingerprinted in keeping with the approved amendments to the law on the resident's identity card in the People’s Republic of China.

Voice of Russia | Oct 29, 2011

The European Financial Stability Facility may issue Yuan-denominated bonds, if the Chinese authorities approve it, said the EFSF CEO Klaus Regling in Beijing today. He arrived in China yesterday to brief China’s leaders on the results of the EU recent anti-crisis summit and take up China’s likely involvement in funding the Facility to rescue the Eurozone.

Voice of Russia | Oct 29, 2011

In 2012, Russia and China are due to jointly audit the Amur River ecological condition, said the Chairman of the Russian Audit Chamber Sergei Stepashin. The Russian and Chinese Audit Chambers have signed an agreement to that end, an agreement that’s due to be carried out in the next three years.

BBC | Oct 29, 2011

Celebrations marking 60 years of the strategic relationship between China and Pakistan have begun in Islamabad, where an exhibition of Chinese artworks is taking place.

People's Daily | Oct 29, 2011

BEIJING, Oct. 29 (Xinhua) -- China's top legislature on Saturday adopted an amendment to the Military Service Law, promising better placement for demobilized soldiers.

The amendment provides that demobilized soldiers who register for a civil servant examination or apply for a position in government institutions will be given preference.

Military service will be regarded as community-level work experience, which is a requirement for civil service hopefuls eyeing central and provincial level ...

People's Daily | Oct 29, 2011

BEIJING, Oct.28 (Xinhua) -- China Merchants Bank, the country's sixth largest commercial bank, said on Friday that its profits increased 37.91 percent year-on-year to 28.388 billion yuan (4.47 billion U.S. dollars) in the first three quarters of this year.

The company's operating income stood at 70.29 billion yuan by the end of the third quarter, the bank said in a statement filed to the Shanghai Stock Exchange.

In the third quarter, earnings per share rose 32.35 percent to 0.45 yuan from ...

People's Daily | Oct 29, 2011

BEIJING, Oct. 28 (Xinhua) -- A senior Chinese official said Friday the country's foreign trade volume will surpass 3 trillion U.S. dollars this year, accounting for 10.5 percent of the world's total.

The country's trade surplus to GDP ratio is expected to fall below 3 percent this year from 7.5 percent in 2007, said Liu Mingkang, chief of the China Banking Regulatory Commission, at a financial forum.

This year marked the 10th anniversary of China's entry into the World Trade Organization ( ...

People's Daily | Oct 29, 2011

HONG KONG, Oct. 28 (Xinhua) -- The estimated number of Hong Kong's residential mortgage loans in negative equity increased from 48 cases at the end of June to 1,653 cases at the end of September, the Monetary Authority said on Friday.

Most negative-equity cases were related to mortgage loans with a loan-to-value ratio at 90 percent or above, including staff housing loans and loans under the mortgage-insurance program, the statement said.

The aggregate value in negative equity rose to 4.148 ...

People's Daily | Oct 29, 2011

MACAO, Oct. 28 (Xinhua) -- The 2011 China (Macao) International Automobile Exposition (Macao Auto Expo) kicked off here Friday at Cotai Convention and Exhibition Center of Venetian, attracting over 360 exhibitors from 10 countries and regions.

The three-day Expo, jointly hosted by Macao Convention and Exhibition Association, Nam Kwong Group and China National Machinery Industry Croup, was branded the largest exhibition in Macao.

With the theme of "cooperation, trade, development", the Expo ...

People's Daily | Oct 29, 2011

BEIJING, Oct. 28 (Xinhua) -- China Mobile Limited (CML), the world's largest telecommunication firm by users, announced on Friday the incorporation of a new company to accelerate its development of 3G and smartphone technology.

The new firm, China Mobile Terminal Co. Ltd, will handle the customization, tests, procurement, sales and service of the group's third-generation, or "3G", devices, said Li Yue, CML's Chief Executive Officer.

A wholly owned subsidiary of CML, its development of term ...

People's Daily | Oct 29, 2011

QINGDAO, Oct. 28 (Xinhua) -- Over 400 marine experts and officials from 18 countries have gathered at a forum in east China's Shandong province to discuss the future of China's marine economy.

Experts from home and abroad will give speeches focusing on eight topics, including the industrialization of marine technology, oceanic environmental protection and the sustainable development of marine economies at the two-day 2011 China International Blue Economy Summit Forum, which kicked off on Frid ...

People's Daily | Oct 29, 2011

BEIJING, Oct. 28 (Xinhua) -- Mainland branches of six Taiwanese banks have reported profitable business since the two sides lifted the ban on cross-Strait branches in 2010, a senior mainland bank official said here Friday.

The branches, which mostly began operating in late 2010, have gained profits of 30.47 million yuan (4.84 million U.S. dollars), said Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), at a forum here.

They have total assets of 5.1 billion yuan and ...

People's Daily | Oct 29, 2011

BEIJING, Oct. 28 (Xinhua) -- China's stocks rose for the fifth consecutive day on Friday, wrapping up the week with the best weekly gain in more than a year.

The benchmark Shanghai Composite Index rose 1.55 percent, or 37.80 points, to close at 2,473.41. The index rallied 6.74 percent in the week, the highest since Oct. 18.

The Shenzhen Component Index shot up 2.31 percent, or 238.70 points, to close at 10,561.99.

Market sentiment was boosted by speculation of loosening property purchas ...

People's Daily | Oct 28, 2011

BEIJING, Oct. 28 (Xinhua) -- Senior Chinese leader Li Changchun on Friday called for more efforts in strengthening supervision of, and environment for public opinion.

Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks at the first meeting of the eighth council of the All-China Journalists Association (ACJA), which was attended by over 490 representatives.

He said the press should hold a high sense of resp ...