January 23, 2008 24/7 News Coverage the second hyperpower
US subprime crisis could worsen China's bad loan problem: report
Shanghai (AFP) Jan 22, 2008
Chinese banks will see their non-performing loans increase due to the US subprime mortgage crisis and domestic economic cooling measures enforced by the government, state media reported Tuesday. "The non-performing loan ratio in the banking industry and risks of volatility in the capital market are both rising," the Financial News reported, citing Zhong Wei, an economist with Beijing Normal ... read more
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    China Wind Systems Begins First Phase of Expansion Plan
    Wuxi, China (SPX) Jan 22, 2008
    China Wind Systems has purchased new equipment to expand its forged rolled rings manufacturing capabilities. The $4.13 million purchase was in line with the Company's strategy to focus on the growing wind power industry in China, and was largely funded with the proceeds from its recent private placement financing. The purchase marks the first step in execution of the Company's expansion pl ... more

    Taiwan may ease China-bound investment restrictions: reports
    Taipei (AFP) Jan 21, 2008
    The Taiwanese government might ease China-bound investment restrictions by the March 22 presidential poll, to woo support for the ruling Democratic Progressive Party (DPP), reports said Monday. Authorities are studying different ways of defining the net worth of local enterprises, many of which have reached or come close to the China investment ceilings, the Economic Daily News and United Da ... more

    Foreign companies pour money into China: govt
    Beijing (AFP) Jan 21, 2008
    Foreign firms invested a record 82.7 billion dollars in booming China last year, the government said Monday, with analysts adding the tide of money had undermined efforts to slow economic growth. The 2007 figure for foreign direct investment, or FDI, was up 13.8 percent from a year earlier, the commerce ministry said in a statement. China has been striving to cool its economy over concer ... more

    China To Boost Civil Industrialization With Xian Base
    Xi'an, China (XNA) Jan 21, 2008
    China is constructing a civil aerospace center in the Shaanxi Province capital, a further move to step up its industrialization of the sector following the launch of the initial Shanghai base last year. The National Civil Aerospace Industrial Base of Xi'an, set to cover 23 square km, will focus on developing satellites, new materials, energies, IT and other technologies for the benefit of ... more

    China-Made Satellite Navigation System Monitors Dangerous Chemical Transport
    Beijing (XNA) Jan 21, 2008
    China has begun use of a domestically-developed monitoring system to oversee dangerous chemical transport based on the country's Beidou satellite, its management center announced on Thursday. The system provides all-day data on dangerous chemical transport to the Beidou navigation satellite, which in turn gives corresponding operational order, according to experts who researched and develo ... more

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  • US Has An Ally In Azerbaijan For Energy Supply

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  • China investment giant gets invite from British PM

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  • China Solar and Clean Energy Solutions Acquires Shenzhen PengSangPu Solar Industrial Products
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    Multi-nationals in China face sharp rise in salary demands: survey
    Shanghai (AFP) Jan 17, 2008
    Multi-nationals in China face more serious challenges than anywhere else in Asia, paying more to attract talent but facing the region's worst turnover levels, a survey said Thursday. Across all sectors of China's roaring economy, 32 percent of employers said job seekers expect salary increases of at least 20 percent over their previous position, a report by human resources firm Hudson said. ... more

    Labor unrest growing in China: activist
    Washington (AFP) Jan 15, 2008
    At least one strike involving more than 1,000 workers occurs every day in China's manufacturing hub in the Pearl River Delta area, underscoring rising labor unrest in the country, a labor activist said Tuesday. All the protests in the key manufacturing base in southern China are self-organized, "questioning the relevance" of the official All-China Federation of Trade Unions (ACFTU), said Han ... more

    Taiwan-China ties set to improve: analysts
    Taipei (AFP) Jan 14, 2008
    Tensions between Taiwan and rival China will ease following the pro-Beijing opposition's big win in parliamentary elections, but thorny political disputes will not be resolved overnight, analysts say. China will be comforted by the Kuomintang's landslide win over the party of President Chen Shui-bian, who has repeatedly angered Beijing with his pro-independence rhetoric and persistent drive ... more

    China media warn over defeated Taiwan ruling party
    Beijing (AFP) Jan 14, 2008
    China's state-run media warned Monday that Taiwan's pro-independence ruling party could still "cause chaos" despite a massive setback in legislative elections. The People's Daily said the Democratic Progressive Party, or DPP, would stop at nothing to ensure victory in Taiwan's March presidential poll, including calling martial law or other emergency measures. "Some (DPP) authorities have ... more

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  • Very few Chinese migrant workers are happy: report

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  • China warns US over Taiwan president's US stopover

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  • Analysis: China, Taiwan strategies
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    China's richest love swimming, BMWs and France tours: survey
    Shanghai (AFP) Jan 10, 2008
    Swimming, driving BMW cars and holidaying in France are among the preferred lifestyle choices for China's wealthiest people, according to an annual survey released on Thursday. Swimming edged out travelling as the favourite form of recreation for the 660 Chinese US dollar millionaires interviewed, said the fourth report of the Preferred Lifestyle and Brands of China's Richest. Golfing ra ... more

    Cassini Image Contest Brings Nearby World Together In Search Of Beauty Beyond
    Boulder CO (SPX) Jan 10, 2008
    Thousands of enthusiastic fans of NASA's Saturn-orbiting Cassini spacecraft have chosen a color picture of a tiny, dot-like planet Earth, cradled by Saturn's rings during a total solar eclipse, as the most popular image of all those so far returned by the Cassini mission. People from across the globe visited the official website of Cassini's Imaging Team, during the month of December to vo ... more

    Dartmouth Researchers Alarmed By Levels Of Mercury And Arsenic In Chinese Freshwater Ecosystem
    Hanover NH (SPX) Jan 10, 2008
    A team of researchers, led by biologists at Dartmouth, has found potentially dangerous levels of mercury and arsenic in Lake Baiyangdian, the largest lake in the North China Plain and a source of both food and drinking water for the people who live around it. The researchers studied three separate locations in Lake Baiyangdian, all at varying distances from major sources of pollution, such ... more

    China Set To Launch Manned Space Mission In 2008
    Beijing (RIA Novosti) Jan 08, 2008
    China is planning to launch its third manned spacecraft and 15 carrier rockets, and orbit 17 satellites in 2008, a senior space official said on Monday. The spacecraft Shenzhou-7 with three astronauts on board is likely to lift off after the Beijing Olympic Games in 2008, said Huang Qiang, secretary general of China's Commission of Science, Technology and Industry for National Defense (COS ... more

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  • China life expectancy rises as medical spending increases: report

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  • Taiwan fears braindrain as professionals head for rival China

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  • China Solar Energy Industry Research And Forecast For 2008-2010
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