| January 25, 2008 |  |
the second hyperpower |
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US subprime crisis could worsen China's bad loan problem: report
Shanghai (AFP) Jan 22, 2008Chinese 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 ... more China Wind Systems Begins First Phase of Expansion Plan 
Wuxi, China (SPX) Jan 22, 2008China 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, 2008The 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, 2008Foreign 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, 2008China 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 |
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Beijing, China (SPX) Jan 21, 2008China Solar and Clean Energy Solutions has announced that it has entered into a definitive agreement to acquire Shenzhen PengSangPu Solar Industrial Products Corporation ("Shenzhen PengSangPu"). The acquisition of Shenzhen PengSangPu will enable China Solar to immediately begin leveraging its technology and engineering capabilities and expertise, and will significantly expand China Solar's custo ... more Multi-nationals in China face sharp rise in salary demands: survey 
Shanghai (AFP) Jan 17, 2008Multi-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, 2008At 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, 2008Tensions 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 |
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Hong Kong (UPI) Jan 11, 2008 China, Taiwan and Singapore all share the Chinese language and culture. Yet due to their different positions in the international sphere and the capabilities of their respective military industries, the three have chosen very different military strategies and weapons systems. It is interesting to compare the three approaches. First, in terms of military strategy, China is now gradually ... more China's richest love swimming, BMWs and France tours: survey 
Shanghai (AFP) Jan 10, 2008Swimming, 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, 2008Thousands 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, 2008A 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
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dragonspace
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