July 14, 2008 24/7 News Coverage the second hyperpower
Shenzhou 7 Shipped To Launch Center For October Launch
Beijing (XNA) Jul 14, 2008
China's third manned spaceship, Shenzhou VII, set to launch in October, reached the Jiuquan Satellite Launch Center in the northwestern Gansu Province on Thursday, a source with the launch center said. The spacecraft was transported to the launch center by air from Beijing early on Thursday morning, the source said, adding the move marked the start of the Shenzhou VII launch mission. ... read more
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    Russia, China veto UN sanctions on Zimbabwe
    United Nations (AFP) July 11, 2008
    China and Russia on Friday vetoed targeted UN sanctions on Zimbabwe's President Robert Mugabe over his disputed re-election, prompting an angry reaction from the United States which cast doubt on Moscow's reliability as a G8 partner. The Chinese and Russian envoys joined their colleagues from South Africa, Libya and Vietnam in opposing a US draft resolution in the Security Council which would ... more

    China trade deficit in food up 14-fold: report
    Beijing (AFP) July 13, 2008
    China registered a 7.57 billion dollar trade deficit in agricultural products during the first five months of 2008, up by more than 14-fold over the same period last year, state press said Sunday. China imported 23.75 billion dollars of agricultural products in that period, up 59 percent over last year, the official Xinhua news agency said, citing the agriculture ministry. The nation ... more

    China breaking UN embargo in Sudan: BBC report
    London (AFP) July 13, 2008
    China is breaking the United Nations arms embargo on Sudan, providing military equipment and training pilots to fly Chinese jets, the BBC said Sunday, citing an investigation by its journalists. Citing two confidential sources, the broadcaster said China was training pilots to fly Chinese Fantan fighter jets, and that Sudan had imported several fighter trainers called K8s two years ago. ... more

    Spain's Gamesa to supply 405 wind turbines to China
    Madrid (AFP) July 11, 2008
    Spanish wind turbine manufacturer Gamesa said on Friday it has signed a deal 200-million-euro (316-million-dollar) deal with the China Longyuan Electric Power Group. Under the contract, Gamesa will supply the Chinese group with 405 wind turbines and maintain them for two years. The turbines represent a total energy capacity of 344 MegaWatts. Gamesa will deliver the turbines throughout ... more

    China's Shenzhou VII Spacecraft Flown To Launch Center For October Takeoff
    Beijing (XNA) Jul 11, 2008
    China's third manned spaceship, Shenzhou VII, set to launch in October, reached the Jiuquan Satellite Launch Center in the northwestern Gansu Province on Thursday, a source with the launch center said. The spacecraft was transported to the launch center by air from Beijing early on Thursday morning, the source said, adding the move marked the start of the Shenzhou VII launch mission. ... more

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    China to urgently boost GM crop development
    Beijing (AFP) July 10, 2008
    China has said it must urgently step up the development of genetically modified crops as it faces mounting challenges to feed its 1.3 billion people due to shrinking arable land and climate change. Newly-approved plans aim to cultivate high-yielding and pest-resistant genetically modified species, the State Council, or cabinet, said in a statement posted on its website late Wednesday. ... more

    China's trade surplus falls nearly 12 percent in first half: govt
    Beijing (AFP) July 10, 2008
    China's trade surplus fell nearly 12 percent in the first half of 2008, official data showed Thursday, as a slowing global economy, rising yuan and the impacts of a devastating earthquake hit exporters. The surplus for the first six months of the year came in at 99.04 billion dollars, the customs bureau said, with strong domestic consumption also helping to boost imports and ease the trade ... more

    Israeli Energy Company To Build Sea Wave Power Plants In China
    Tel Aviv, Israel (SPX) Jul 11, 2008
    Energy company, S.D.E., which has developed an innovative technology for generating sea wave electricity, has signed an agreement for selling sea wave power plants throughout China. Construction of the power plants will be financed by investors from Hong Kong and China. Two joint venture companies, formed in Hong Kong by S.D.E and the investors for the implementation of the agreement, will ... more

    11 dead in China coal mine accident: state media
    Beijing (AFP) July 10, 2008
    Eleven miners were killed in a coal mine in central China on Thursday when their elevator failed, sending them plummeting to their deaths, state media said. The workers were riding the elevator to the top of the mine in Henan province after finishing their midnight shift when the axis broke, plunging them 30 metres (98 feet) back down the shaft, Xinhua news agency said. ... more

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    Geologists Study China Earthquake For Glimpse Into Future
    Universoty Park PA (SPX) Jul 10, 2008
    The May 12 earthquake that rocked Sichuan Province in China was the first there in recorded history and unexpected in its magnitude. Now a team of geoscientists is looking at the potential for future earthquakes due to earthquake-induced changes in stress. Around the world, earthquakes like the one in China are associated with triggered aftershocks that are very large. ... more

    China, India rise while US slips in Fortune company rankings
    Washington (AFP) July 9, 2008
    The number of US firms among the Fortune 500 list of top global companies slipped to the lowest level in over a decade while Chinese, Indian and Mexican firms gained, the magazine reported Wednesday. The business publication said that US-based Wal-Mart Stores remained at the top of the list of the world's biggest companies by revenue at some 378 billion dollars. But the number of US firm ... more

    China's auto sales growth slows on higher fuel costs: report
    Beijing (AFP) July 9, 2008
    China's auto sales growth slowed in the first half of 2008 as higher fuel prices dampened buyers' enthusiasm, state media said Wednesday. The country sold 3.61 million passenger cars between January and June, up 17.07 percent from the same period last year, the Xinhua news agency reported, citing the China Association of Automobile Manufacturers. The growth rate went down by 5.19 percent ... more

    CTDC Signs LOI To Co-Develop Xiamen Bay Solar City
    Hong Kong (SPX) Jul 10, 2008
    China Technology Development Group has announced that the Company signed a Letter of Intent ("LOI") with China Merchants Zhangzhou Development Zone ("CMZD"), to co-develop the Xiamen Bay Solar City during the Solar City's grand opening ceremony held in CMZD on June 28th. The LOI was signed by Alan Li, Chairman and CEO of CTDC and Mr. Bin Wu, General Manager of the CMZD. Under the terms of ... more

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