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China

Risk Of Hard Landing Rises As China Begins Monetary Easing

Chinese policymakers have begun to selectively ease macroeconomic policy to support growth, according to Barclays’ analysts.  While full on easing won’t come until 2012, China will face a significant economic slowdown as the export sector feels the impact of a fragile global economy, and residential investment, which makes up 12% of GDP, falls drastically as [...]

Read More » No commentNovember 19, 2011

China police in multi-million-dollar fake drug bust

Chinese police said Thursday they had seized two-billion-yuan ($315-million) worth of counterfeit drugs and packaging in nationwide raids on fake medicine, the second such bust in recent weeks.
Police arrested 1,770 suspects and broke up more than 1,400 dens that made or sold fake medicine during the operation, which involved 16,000 police officers, the [...]

Read More » No commentNovember 19, 2011

China’s Wen warns “outside forces” off sea dispute

NUSA DUA, Indonesia (Reuters) – Chinese Premier Wen Jiabao said on Friday that “outside forces” had no excuse to get involved in a complex dispute over the South China Sea, offering a veiled warning to the United States and others not to stick their noses into the sensitive issue.
But Wen also struck a softer line [...]

Read More » No commentNovember 19, 2011

Chinese craft returns from space docking mission

BEIJING (AP) — China said Friday that the safe return of an unmanned spacecraft that docked twice with an orbiting module was a major step in preparation for the launch of its own space station.
The Shenzhou 8 craft landed by parachute in China’s western desert late Thursday after more than two weeks in [...]

Read More » No commentNovember 19, 2011

Taiwan official pleads guilty in US case

A Taiwanese official will soon be deported after pleading guilty Friday to mistreating two housekeepers brought from the Philippines to work in her Missouri home, US prosecutors said.
Liu Hsien-hsien, director of the Taipei Economic and Cultural Office in Kansas City, Missouri, was arrested last week for allegedly treating her Filipino housekeepers like slaves.
Liu — who [...]

Read More » No commentNovember 19, 2011

Australia tells China not to interfere

Foreign Minister Kevin Rudd has assured China the boosting of US troops on Australian soil was not directed at Beijing while warning the country not to interfere in Canberra’s security decisions.
US President Barack Obama announced in Canberra on Wednesday that the US would deploy up to 2,500 Marines in the northern [...]

Read More » No commentNovember 19, 2011

China says fall in home prices spreading

The number of major Chinese cities posting a drop in home prices doubled in October, the government said Friday, in a sign efforts to cool the country’s surging property market are working.
The price of new homes in 34 out of 70 Chinese cities tracked by the government dropped in October from September, doubling [...]

Read More » No commentNovember 19, 2011

Death toll in China mine blast rises to 30

The death toll from a blast at an illegal Chinese coal mine has risen to at least 30, state media reported, as hopes of finding survivors faded.
Thirteen miners were still trapped underground at the remote Sizhuang Coal Mine in Shizong county, in the southwestern province of Yunnan, according to Xinhua.
But the provincial rescue [...]

Read More » No commentNovember 13, 2011

China’s football World Cup dream in tatters

China surveyed the ruins of another dismal World Cup qualifying campaign on Saturday as North Korea’s bid hit the wall and Australia’s progress was checked by lowly Oman.
China’s loss against Iraq left Juan Antonio Camacho’s men all but out of the running for Brazil 2014, needing a hatful of goals in their final [...]

Read More » No commentNovember 13, 2011

China envoy says Syria unrest ‘cannot continue’

China’s Middle East envoy Wu Sike cautioned Syria during a visit to Damascus of the dangers of a government crackdown on dissent that he said “cannot continue,” he told reporters in Cairo on Sunday.
Wu said that he “affirmed to senior officials in Syria of the danger of the situation and that it cannot [...]

Read More » No commentOctober 31, 2011