China News

People's Daily | Oct 31, 2011

NANCHANG, Oct. 30 (Xinhua) -- Su Rong was elected secretary of east China's Jiangxi Provincial Committee of the Communist Party of China (CPC) on Sunday.

Su was elected to the post at the first plenary session of the 13th CPC Jiangxi Provincial Committee held in Nanchang. In November 2007, the CPC Central Committee appointed Su to the position.

Su, 63, is a member of the 17th CPC Central Committee.

He served as the Communist Party chief in Qinghai Province between 2001 and 2003, the Par ...

People's Daily | Oct 31, 2011

BEIJING, Oct. 30 (Xinhua) -- China will adhere to its family planning policy so as to maintain a low reproduction rate, said the country's family planning chief on Sunday, expected to be the eve of the world's population reaching seven billion.

"Over-population remains one of the major challenges to social and economic development," said Li Bin, director of the State Population and Family Planning Commission in an exclusive interview with Xinhua, adding that the population of China will hit 1 ...

People's Daily | Oct 31, 2011

HAIKOU - China is likely to lose its demographic dividend in the next five to six years, but the country can make up for it by restructuring its economy to drive growth, experts said.

"Rising costs have added urgency to the need for China's economic transition," said Lu Zhongyuan, vice-minister of the Development Research Center of the State Council, China's Cabinet.

As labor costs continue to rise, China may lose its demographic dividend gradually over the next "five or six" years, Lu sai ...

BBC | Oct 30, 2011

The outgoing president of the ECB, Jean-Claude Trichet, says it is "absolutely normal" for the eurozone countries to seek help from China.

People's Daily | Oct 30, 2011

BEIJING, Oct. 31 (Xinhuanet) -- Who will benefit the most from China's newly passed value-added tax reform? Consumers, it is really hard to say that.

The State Council last week approved a pilot program to replace the turnover tax with a value-added tax (VAT) in Shanghai from Jan. 1, 2012.

This pilot program would probably be the first step in the adjustment of China's taxation structure in the coming years, noted Lu Zhengwei, chief economist at Industrial Bank.

It aims to diminish doub ...

People's Daily | Oct 30, 2011

YICHANG, Oct. 30 (Xinhua) -- China's Three Gorges Dam on Sunday reached its designed highest mark, the second time for the world's largest water control and hydropower project to run at full capacity.

The water level hit 175 meters at 5 p.m. after storing water for nearly two months from the water level of 152 meters, said an official with the China Three Gorges Project Corporation (CTGPC), the developer of the project.

A dozen hydropower turbo-generator units started operation on Sunday, ...

People's Daily | Oct 30, 2011

BEIJING, Oct. 30 (Xinhua) -- FAW Car Co., a unit of one of China's three largest auto makers, reported Sunday a net loss of 49.86 million yuan (7.88 million U.S. dollars) in the third quarter of this year because of slowing sales in the world's largest auto market.

Sales revenue declined 25.38 percent year-on-year in the July-September period to 6.65 billion yuan, the company said in a statement to the Shenzhen Stock Exchange.

The company attributed the loss to a combination of various fac ...

People's Daily | Oct 30, 2011

BEIJING - New banking, securities and insurance regulators have been appointed in the biggest reshuffle of financial officials for almost a decade.

Shang Fulin, 59, former chairman of the China Securities Regulatory Commission (CSRC), replaces Liu Mingkang, 65, as chairman of the China Banking Regulatory Commission, according to the Xinhua News Agency which quoted an unidentified spokesman with the Communist Party of China (CPC) Central Committee's Organization Department as saying on Saturd ...

People's Daily | Oct 30, 2011

BEIJING - Dell Inc's personal computer market share is declining worldwide but its top management doesn't seem worried.

China's Lenovo Group Ltd was named the world's No 2 personal computer maker by two research firms in mid-October, behind Hewlett-Packard Co and surpassing Dell in terms of third-quarter shipments.

Speaking at a recent media briefing, Dell Chief Executive Officer Michael Dell said his company may ship fewer units than Lenovo but will enjoy greater PC revenues and profits ...

People's Daily | Oct 30, 2011

Chongzuo, Guangxi - Despite the rise in the price of sugar nationally over recent years, life is not so sweet for China's sugar cane farmers.

The rising costs of labor and raw materials, limited arable land and outdated technology are squeezing profits and leaving a bitter taste in the mouths of those working in the industry.

Ling Dongbiao, a 48-year-old who has been planting sugar cane since his childhood in the Guangxi Zhuang autonomous region, is a prime example.

"What I now earn ...

People's Daily | Oct 30, 2011

BEIJING - The drought that affected China's main sugar producing areas will not reduce the country's output this year, but will add to pressures caused by the limited supply, according to experts.

"The drought will not affect China's overall sugar output this year, but it will stretch supplies that are already very tight," said Huang Guiheng, manager of the research department at Bric Global Agricultural Consultants Ltd in Beijing.

A drought hit sugar cane areas in Yunnan province and th ...

The Sydney Morning Herald | Oct 30, 2011

An Australian traveller says he was horrified to find a live koala for sale at a restaurant in southern China where the menu was offering the iconic marsupial for dinner in either ‘‘braised or stewed’’ varieties.

Guardian | Oct 30, 2011

Tables that show education in the UK and US lagging far behind Asia's paint a grim picture of our futureWhat do you think of when China is beseeched to bail out the eurozone – and America, and pretty well any western country fallen on grotesquely indebted times? Think, with a shiver, of what lies beneath. Think of the leaning tower of Pisa, otherwise known as the Programme for International Student Assessment, with tests run every...

Guardian | Oct 30, 2011

The Perth summit reveals how compromised western leaders are in their efforts to promote human rightsThe death knell of the Commonwealth has been sounded for as long as there have been summits. By accident rather than design, this anachronistic gathering of 54 states may actually say more about the state of global priorities than the participants realise.

Guardian | Oct 30, 2011

US to spend £700bn in next decade while Russia and Pakistan among those assigning roles to weapons beyond deterrenceThe world's nuclear powers are planning to spend hundreds of billions of pounds modernising and upgrading weapons warheads and delivery systems over the next decade, according to an authoritative report published on Monday.Despite government budget pressures and international rhetoric about disarmament, evidence points to a new and dangerous "era of nuclear weapons", the report for the British American Security Information Council (Basic) warns. It says the US will spend $...