| January 28, 2008 | ![]() |
the second hyperpower |
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China May Broadcast First Taikonaut Spacewalk Live
Shanghai (AFP) Jan 26, 2008China 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, 2008A 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, 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 |
china
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Washington (UPI) Jan 18, 2008In 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, 2008China 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, 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 |
china
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Beijing (AFP) Jan 14, 2008Beijing 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, 2008Less 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, 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
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