February 13, 2008 24/7 News Coverage the second hyperpower
Former Boeing Engineer Charged With Economic Espionage In Theft Of Space Shuttle Secrets For China
Washington DC (SPX) Feb 13, 2008
A former Boeing engineer was arrested this morning after being indicted last week on charges of economic espionage and acting as an unregistered foreign agent of the People's Republic of China, for whom the engineer stole Boeing trade secrets related to several aerospace programs, including the Space Shuttle. Dongfan "Greg" Chung, 72, of Orange, Calif., who was employed by Rockwell ... read more
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    Sidley Austin Represents PT Indosat On 228.5 Million USD Financing For Satellite Project
    Singapore (SPX) Feb 13, 2008
    International law firm Sidley Austin recently represented Indonesian telecom company PT Indosat Tbk in obtaining US$228.5 million in financing to construct and launch a new satellite, the Palapa-D. The satellite is under construction by Thales Alenia France and will be launched into orbit by a Chinese launch vehicle manufactured by Beijing Talentway Technology Corporation. The financing wa ... more

    GyPSii Brings Mobile Location Lifestyle To Dopod Users In China
    Amsterdam, Netherlands (SPX) Feb 12, 2008
    GyPSii has partnered with Dopod in China to provide new and exciting location-based information and content features and services, for use on the mobile phone or via the Internet. The new services will be available to members of Dopod Club the exclusive online community for Dopod device users in China, when members download the GyPSii mobile client ... more

    Moscow To Present Sino-Russian Space Arms Race Control Initiative
    Moscow (RIA Novosti) Feb 12, 2008
    Russia will submit to a UN disarmament conference a joint Sino-Russian proposal for an international treaty to ban the deployment of weapons in outer space. Russian Foreign Minister Sergei Lavrov will present the draft treaty to the UN-sponsored annual Geneva Disarmament Conference on February 12. The United States has been critical of the Russian-Chinese initiative, especially following ... more

    US Treasury cautions China over sovereign wealth fund
    Washington (AFP) Feb 7, 2008
    The US Treasury cautioned China Thursday against using profits derived from its cash-flush sovereign investment fund to delay currency reform, as the fund's maneuvers came under Congressional scrutiny. The China Investment Corporation Ltd., launched in September with 200 billion dollars capital, wants to boost investment returns on China's massive foreign reserves and manage reform of ... more

    Geotimes Explores For Oil Around The World
    Washington DC (SPX) Feb 06, 2008
    With oil hovering around $90 a barrel, Geotimes magazine examines emerging trends and issues in several obvious, and some not-so-obvious locations, in this month's cover story "Oil Around the World." Land disputes, foreign sanctions, terrorism, war and economics play into the exploration and recovery of the world's oil and natural gas reserves. Be it Libya, Iraq or Norway, the South China ... more

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    China, US aluminum giants buy into Rio Tinto
    London (AFP) Feb 1, 2008
    Chinese aluminium giant Chinalco said Friday it and US peer Alcoa have bought a 12-percent stake in Anglo-Australian miner Rio Tinto, setting up a possible takeover tussle with rival BHP Billiton. Analysts said the acquisition was a possible defensive move to prevent, or at the least complicate, any tie-up between Rio Tinto and BHP Billiton, two of the biggest miners and suppliers of raw mat ... more

    Atlaspost.Com -- An Innovative Social Mapping Site From Taiwan
    Taipei, Taiwan (SPX) Jan 31, 2008
    Atlaspost.com today officially launched its English site for the global market at DEMO 08. Atlaspost.com is a popular social mapping network from Taiwan. What makes Atlaspost.com stand out is that they have designed the map to be a fun place with three innovative features, which caught the eye of Google Taiwan. Among them, ''Atlas Village'' is regarded as one of the most innovative and fun ... more

    Russia May Build New Shuttle Spacecraft By 2015
    Moscow (RIA Novosti) Jan 30, 2008
    Russia's rocket and space corporation Energia may build a new-generation piloted spacecraft by 2015, the company president said on Tuesday. Energia has been developing a reusable manned spacecraft since 2000. It is designed to replace the Soyuz and Progress launch vehicles in making regular flights to the International Space Station and even the Moon and Mars. "Countries, such as the US ... more

    China To Monitor Global Disasters Through Satellite
    Beijing (XNA) Jan 29, 2008
    China is considering using it's environmental resources satellites to monitor natural disasters in the country as well as other parts of the world, said the country's space authority. China will expand the use of its Cbers-2B satellite to gather more information on land, forests and farmland to help itself and more countries to deal with natural disasters, said China Daily quoting Li Guoping, sp ... more

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    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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