January 28, 2008 24/7 News Coverage the second hyperpower
Chinese Taikonaut Dismisses Environment Worries About New Space Launch Center
Haikou, China (XNA) Jan 28, 2008
Yang Liwei, China's first taikonaut, the Chinese term for astronaut, on Saturday dismissed worries about the environmental effects of a new space launch center to be built in the island province of Hainan, saying the launches will be non-toxic and do no harm to the local ecology. Yang, who is visiting the tropical island, said space and environment authorities had researched the impact of ... read more
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    China May Broadcast First Taikonaut Spacewalk Live
    Shanghai (AFP) Jan 26, 2008
    China may broadcast its first ever spacewalk live when it launches its third manned space mission later this year, state media reported Friday. The spacewalk is expected to be carried out by the crew of the Shenzhou VII spacecraft, rocketing into orbit some time late this year, Xinhua news agency said. "The Shenzhou VII spacecraft is capable of live-broadcasting the walk," Yuan Jie, presid ... more

    Move Over US - China To Be New Driver Of World's Economy And Innovation
    Athens GA (SPX) Jan 25, 2008
    A new study of worldwide technological competitiveness suggests China may soon rival the United States as the principal driver of the world's economy - a position the U.S. has held since the end of World War II. If that happens, it will mark the first time in nearly a century that two nations have competed for leadership as equals. The study's indicators predict that China will soon pass t ... more

    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 ... more

    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

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    US Has An Ally In Azerbaijan For Energy Supply
    Washington (UPI) Jan 18, 2008
    In retrospect, 2007 will be remembered as the high-water mark of Washington's attempts to develop the Caspian's post-Soviet hydrocarbon riches. If early 2008 is any indication, then the one remaining friend that America has in the Caspian basin is Azerbaijan. Neither Iran, subject to ongoing U.S. sanctions, nor the Russian Federation have evinced the slightest interest in sharing their oil ... more

    China investment giant gets invite from British PM
    Beijing (AFP) Jan 18, 2008
    China Investment Corp., the nation's huge sovereign wealth fund seen as a tool to project Beijing's economic clout, was invited Friday by Britain's prime minister to set up its first overseas office. Gordon Brown extended the welcome on his maiden visit to China as his nation's leader, in sharp contrast to a more guarded response in the United States and other nations to the rise of sovereig ... more

    China Solar and Clean Energy Solutions Acquires Shenzhen PengSangPu Solar Industrial Products
    Beijing, China (SPX) Jan 21, 2008
    China 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, 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

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    China warns US over Taiwan president's US stopover
    Beijing (AFP) Jan 14, 2008
    Beijing chided Washington on Monday for allowing Taiwan President Chen Shui-bian to make a travel stopover in the United States, calling him a "destroyer of peace". "Chen Shui-bian is a destroyer of peace and stability in the Taiwan Straits and a troublemaker in Sino-US relations," foreign ministry spokeswoman Jiang Yu said in a statement on the ministry's website. "We demand the US not ... more

    Very few Chinese migrant workers are happy: report
    Beijing (AFP) Jan 14, 2008
    Less than eight percent of China's 200 million migrant workers are happy with life in the city, as most complain of discrimination, overwork and low salaries, state press said Monday. Some 68 percent of 30,000 migrant workers in major Chinese cities said they faced discrimination from urban residents who do not "fully accept" them, according to a survey by Shanghai's Fudan University, the Ch ... more

    Analysis: China, Taiwan strategies
    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, 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

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