August 26, 2008 24/7 News Coverage the second hyperpower
China considers 54-billion-dollar stimulus plan: state media
Shanghai (AFP) Aug 25, 2008
China is considering a 54-billion-dollar stimulus plan involving tax cuts and government spending, state media said Monday, in another sign that boosting the economy is becoming a priority. The 370-billion-yuan proposal, which has yet to be finalised, includes 220 billion yuan in fiscal spending and 150 billion yuan in tax cuts, according to the Economic Observer, a weekly newspaper. ... read more
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    India Set To Ramp Up Air Force Part One
    Hong Kong (UPI) Aug 22, 2008
    Within the next four months, a first batch of eight Russian-built Sukhoi Su-30MKI multirole fighters will be positioned at India's Tezpur Air Base in the state of Assam, near the border with China, an Indian navy source has revealed. This is almost six months ahead of the timeline reported some time ago in the Indian media. This will be the first time for Su-30MKI fighters to be ... more

    Two years on, face transplant patients can smile: study
    Paris (AFP) Aug 22, 2008
    Two facial transplants -- one on a Chinese man who had half his face ripped off by a bear -- have proved highly successful two years on, opening the way for wider use of the procedure, studies released Friday report. The operations in China and France are among a handful that have pioneered the use of donor tissue to repair severe disfigurement of the face caused by burns, tumours ... more

    Tropical storm Nuri hits China, killing three
    Beijing (AFP) Aug 23, 2008
    Tropical storm Nuri slammed into China killing three people and forcing around 160,000 people along the southern coast to flee their homes, meteorologists and state media said Saturday. Nuri, which had been classed as a typhoon until it slowed after ripping through Hong Kong, landed in the southern province of Guangdong at 10:10 pm (1410 GMT) Friday, according to China's National ... more

    Analysis: Iraq Energy Roundup
    Baghdad, Iraq (UPI) Aug 25, 2008
    Iraq said it planned to sign a $1.2 billion deal with China's state-run oil firm, marking the first major oil deal since the U.S.-led invasion in 2003. Baghdad officials said the deal with China National Petroleum Corp. could come as early as next week, Abu Dhabi's The National reported. The deal replaced a contract with the Chinese ... more

    Australia approves Chinalco stake in Rio Tinto
    Sydney (AFP) Aug 24, 2008
    Australia has approved a move by China's state-owned Chinalco to take a stake in Anglo-Australian mining group Rio Tinto, Treasurer Wayne Swan said Sunday. Swan said he had approved the acquisition by the aluminium giant of up to 14.99 percent of the London-listed arm of Rio Tinto - an amount which would equate to about 11 percent in the group. Swan said he had no objections to the purc ... more

      coalmine
  • Death toll in China coal mine blast rises to 26: state media

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  • First Of 300 GE China Mainline Locomotives To Arrive In China

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  • EU quizzes Eutelsat on failure to transmit private Chinese TV
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    China sticks to Tibet luxury train project
    Beijing (AFP) Aug 21, 2008
    China still aims to launch "the most luxurious train in the world" from Beijing to Tibet despite riots that broke out in the Himalayan region this spring, railway officials said Thursday. "The plan hasn't been cancelled," said an official at the Railway Ministry who declined to be named. State-run Xinhua news agency reported in early March, just days before deadly riots broke out in Tibet ... more

    Canada, China grab jackpot on new global Monopoly board
    Paris (AFP) Aug 20, 2008
    Thanks to a popular vote, Canada and China are the most heavily represented nations in a new global edition of Monopoly being released next week that sees 22 cities up for grabs and offers green-friendly utilities and new forms of transport. Three cities each from the two nations are among 22 selected by more than five million fans of the game asked to vote online among 70 towns for the ones ... more

    China mulls major stimulus package: economist
    Shanghai (AFP) Aug 20, 2008
    China is considering an economic stimulus package of up to 400 billion yuan (58.4 billion dollars) to boost growth, an economist said as hopes of such steps ignited a stock market surge Wednesday. "The top leadership is carefully considering an economic stimulus package of at least 200 billion yuan to 400 billion yuan, or one percent to 1.5 percent of gross domestic product," JPMorgan Chase ... more

    China hopes for stability in Pakistan after Musharraf quits
    Beijing (AFP) Aug 19, 2008
    China said Tuesday it hoped its traditional ally Pakistan would maintain political stability and economic development following Pervez Musharraf's resignation as president. "As a friendly neighbour, China sincerely hopes Pakistan will maintain its political stability and economic progress," foreign ministry spokesman Qin Gang said in a statement posted on the ministry's website. ... more

      flood
  • Floods in eastern China kill six: state media

    car-tech
  • China sees brisk growth in auto imports, exports slow: state media

    coalmine
  • 18 miners dead in China accident: govt
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    Energy News - Technology - Business - Environment  
    EESTECH And China's Datong Coal Sign Clean Coal Energy Agreement
    Los Angeles CA (SPX) Aug 20, 2008
    EESTECH and China's Datong Coal Mine Group have signed an exclusive agreement to undertake a feasibility and project development program that will use methane and waste coal to supply power for the mining operations. The program, which will be based on EESTECH's Hybrid Coalmine Gas Technology (HCGT), uses methane and waste coal to produce clean energy. The advantage of this process ... more

    China to raise wholesale power tariffs by five percent
    Shanghai (AFP) Aug 19, 2008
    China said Tuesday it will raise average wholesale power tariffs by five percent to help coal-fired power generators offset losses from rising coal prices. The country will raise average on-grid price by 0.02 yuan per kilowatt hour, or 20 yuan (2.9 dollars) per megawatt hour, starting Wednesday, the National Development and Reform Commission said in a statement. The higher prices will ... more

    China to launch Venezuela's first satellite: Chavez
    Caracas (AFP) Aug 18, 2008
    China is to launch Venezuela's first satellite in November which will serve to relay telecommunications data and television signals over Latin America, President Hugo Chavez said. The orbiter, named "Simon Bolivar" after a 19th century Venezuelan independence hero, was built under contract by a Chinese firm and will be sent into space on November 1, Chavez said in his weekly radio program on ... more

    China's First Lunar Probe Satellite Normal After Eclipse
    Beijing (XNA) Aug 19, 2008
    China's solar-powered lunar probe satellite Chang'e 1 stood the test of a partial eclipse on Sunday as scientists altered its orbit and temporarily turning off some facilities. Based on the signals sent by the satellite after the eclipse, the Chang'e 1 was operating as expected, Monday's Beijing News quoted Liu Junze, of the Beijing Aerospace Control Center (BACC), as saying. ... more

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      satellite-biz
  • Venezuela To Launch Simon Bolivar Satellite In November

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  • Canada's PM lashed for snubbing China

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  • China's top lawmakers to review food safety law: state media
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