March 07, 2008 24/7 News Coverage the second hyperpower
China Kicks Off New Space Launch Center Project
Beijing (XNA) Mar 07, 2008
The State Council of China has greenlighted the construction of a new space launch center in the southern island province of Hainan and the project has been kicked off, said a top provincial official on Thursday. The launch center, the fourth in China, is expected to complete in five years, Wei Liucheng, Secretary of Hainan Provincial Committee of the Communist Party of China, told ... read more
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    Chinese Cyberattacks Target US Think Tanks
    Washington DC (UPI) Mar 07, 2008
    Defense-related think tanks and contractors, as well as the Pentagon and other U.S. agencies, were the target of repeated computer network intrusions last year apparently originating in China, the Department of Defense said this week. In its annual report to lawmakers on China's military power, the department said the intrusions "appeared to originate in" China but added, "It is unclear ... more

    China Central Bank Says Direct Impact Of US Subprime Crisis Limited
    Beijing (AFP) March 6, 2008
    The direct impact of the US subprime crisis on the Chinese economy has so far been limited, but policy makers should pay attention to possible ripple effects, China's central bank chief said Thursday. "As of now, the crisis has not yet run its course, and it shouldn't be ignored," said Zhou Xiaochuan, governor of the People's Bank of China, speaking on the sidelines of the ongoing annual meeting ... more

    Low Turnout At China Fair Suggests Cooling Of US Trade
    Shanghai (AFP) March 6, 2008
    Fewer North American businessmen than expected have showed up for an annual east China trade fair, suggesting a cooling in Sino-US commerce, Chinese state media reported Thursday. Around 1,600 North American businessmen attended the annual Eastern China Commodity Fair, the Xinhua news agency said, suggesting a drop of about 50 percent from last year. Data from last year's fair showed nea ... more

    Big hike in Chinese military spending not the whole story: Gates
    Washington (AFP) March 5, 2008
    China's announced plans to increase its military budget by nearly 18 percent accounts for only part of its actual military spending, US Defense Secretary Robert Gates said Wednesday. He said the United States was concerned not just about Beijing's annual double-digit increases in declared military spending but also the programs that it sees China pursuing. "There's a wide range of activities ... more

    Premier says China will stick with one-child policy
    Beijing (AFP) March 5, 2008
    China will stick with its strict family planning rules, Premier Wen Jiabao said Wednesday, in an apparent rebuttal to officials who raised the possibility of changes to the one-child policy. "We will adhere to the current policy of family planning, keep the birthrate low, improve the health of newborns and adopt a full range of measures to address the gender imbalance in babies," Wen told the ... more

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    China's biggest oil producer in talks with Qatar: report
    Shanghai (AFP) March 5, 2008
    China National Petroleum Corp., the country's biggest oil and gas producer, is in talks with Qatar Petroleum to set up a petrochemical joint venture in China, Chinese state media said Wednesday. While the two sides have not decided where to locate the plant or how much to spend on it, they are working on a feasibility study, the China Securities Journal reported, citing an unnamed source with ... more

    Chinese firm sacks over 500 Zambian workers after riots
    Lusaka (AFP) March 5, 2008
    A Chinese copper smelter in Zambia on Wednesday dismissed more than 500 construction workers after they rioted and beat up Chinese workers in protest at poor wages, a company spokesman said. Management at the Chambishi Copper Smelter resolved to sack the workers following two days of a strike and riots which led to the destruction of some company property, George Jambwa said. "They have ... more

    Analysis: Chinese coal demand unfazed
    Washington DC (UPI) Mar 05, 2008
    When snowstorms blanketed large swaths of China this winter they aggravated transportation bottlenecks and already-depleted coal reserves, provoking local power cuts and highlighting the vulnerability of China's reliance on coal. But despite such challenges and coal's damaging environmental side-effects, demand is unlikely to wane soon. "The government is very aware of relying too heavy ... more

    Breaking The Silence On Shenzhou
    Sydney, Australia (SPX) Mar 04, 2008
    In less than nine months, China will probably take the next step in its human spaceflight program. The mission of Shenzhou 7 will produce China's first spacewalk, along with an extended mission involving three astronauts on the spacecraft. Shenzhou 7 promises to be China's greatest achievement in human spaceflight to date, aside from the historical significance of China's first human space ... more

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  • Taiwan boosts military spending amid China increase

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    Outside View: China's energy diplomacy
    Toronto, Canada (UPI) Mar 04, 2008
    China's building of a port in Pakistan, its extra-polite friendship with the rulers of Myanmar and now its offer to Iran to pick up gas from Pakistan if India shows no interest in doing so is all part of the country's quest for energy to feed its export economy. The West has very cleverly shifted its smokestack manufacturing industry to China. There, a mix of its own but rapidly depleting ... more

    BOCLH To Supply Gases For Taiwan's First Thin Film Solar Plant
    Taichung, Taiwan (SPX) Mar 05, 2008
    Solar energy is moving into a new phase in Taiwan with the start-up of the country's first, large-scale thin film solar cell manufacturing plant. BOC Lien Hwa, Taiwan's leading electronic gases supplier, has been selected to supply NexPower in Taichung, central Taiwan, with a wide range of high purity gases used in the manufacturing process. BOCLH is a joint venture between The Linde Group ... more

    China to follow WTO rules in EU, US news financial spat: commerce ministry
    Beijing (AFP) March 4, 2008
    China said Tuesday it will comply with World Trade Organisation rules after the US and the EU filed a complaint at the global trade body over restrictions on foreign news providers. "We have taken note the US and EU have requested consultations at the WTO over the financial information service issue... China respects the choices of other members," the commerce ministry said in a statement on ... more

    China's New Carrier Rocket To Debut In 2014
    Beijing (XNA) Mar 04, 2008
    China's new generation of carrier rocket, the Long March 5, with a maximum payload capacity of 25 tons, will come into use in 2014, said an official with the China Academy of Launch Vehicle Technology on Sunday. The rockets will be made in Tianjin and launched in Hainan, said Liang Xiaohong, vice president of the academy and a member of the 11th National Committee of the Chinese People's Political ... more

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