August 29, 2008 | ![]() |
the second hyperpower |
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Taiwan acquires Harpoon anti-ship missiles![]() Taiwan has acquired 60 Harpoon anti-ship missiles from the United States in a boost of its defence against rival China, the defence ministry here said Thursday. The missiles will be used by the air force's F-16 fighter jets, the ministry said, in a 90-million-dollar deal. The sale was announced after Washington affirmed in July that its policy on supplying arms to Taiwan remained ... more China rules out Taiwan joining UN agencies ![]() China on Thursday ruled out Taiwan joining agencies of the United Nations, frustrating hopes that its stance might soften after the island elected a more China-friendly president earlier this year. Taiwan this month launched a bid to join the 16 UN Specialised Agencies instead of seeking membership of the world body itself, but the Chinese foreign ministry said it would not accept the ... more China hails three-billion-dollar oil deal with Iraq ![]() China hailed Thursday a three-billion-dollar oil agreement with Iraq as a win for both nations, as it sought to reassure the rest of the world that it should not be concerned by the deal. Becoming the first foreign firm to enter such an agreement since the end of Saddam Hussein's regime, state-owned China National Petroleum Corp. (CNPC) this week won the right to develop the Al-Ahdab oil ... more US, 19 firms on clean-energy trade mission to China, India ![]() The United States and 19 US companies will travel to China and India next month on a clean energy and environment trade mission, the Commerce Department said Thursday. US Commerce Assistant Secretary David Bohigian will lead the September 1-12 trade mission, the government's third such mission to the fast-growing Asian powerhouses since April 2007. "The 19 companies participating in this ... more Hong Kong and China sign nuclear, gas energy deals ![]() Hong Kong and China signed nuclear and gas energy deals on Thursday which the southern city hopes will reduce both pollution and the need for a controversial liquefied gas terminal. The deals aim to provide Hong Kong with a consistent supply of both natural gas and nuclear energy for the next two decades, as it tries to reduce its dependency on coal-fired power, chief executive Donald Tsang ... more |
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![]() ![]() European leaders raised fears Wednesday that Russia could set its sights on other neighbouring countries after recognising two Georgian rebel regions as independent states. Ukraine and Moldova are both vulnerable, French Foreign Minister Bernard Kouchner said as Russia shrugged off a welter of condemnation from the West with even China saying it was concerned at Russia's actions. Russia ... more Police, money silence protests over China quake school deaths ![]() Parents of children killed when poorly built schools collapsed in China's earthquake remain angry but police intimidation and cash payments have largely quelled their protests, locals said. About 7,000 schools collapsed in the May 12 quake, often as nearby buildings stood firm, and relatives of the dead children initially spoke out loudly against the graft they believed led to the shoddy ... more Death toll in China chemical plant blast rises to 20: state media ![]() Twenty people have been confirmed dead after an explosion at a chemical plant in southern China that injured 60 others and forced the evacuation of more than 11,500 people, state media said Wednesday. Rescuers found the last two bodies of employees at the plant in Yizhou city in Guangxi province on Wednesday, the official Xinhua news agency said. The initial explosion happened early on ... more Chinese logging company to invest 8.3 million euros in Congo ![]() A Chinese logging company will invest 8.3 million euros (12.2 million dollars) in the the Democratic Republic of Congo by 2010, a government statement said Wednesday. The Chinese company Yuan Dong (SEFYD) would operate in Souanke in the northern Sangha region, according to the statement. The investment was expected to create over 150 jobs. Wood is DR Congo's second largest natural ... more |
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![]() ![]() President Hu Jintao said Tuesday that China remains committed to bold economic reforms introduced 30 years ago and urged South Korean firms to invest more in his country's modernisation. Hu, in a speech to business groups on the second day of his visit to South Korea, noted that this year is the 30th anniversary of Deng Xiaoping's reforms which have brought the communist-ruled ... more China considers 54-billion-dollar stimulus plan: state media ![]() 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. ... more India Set To Ramp Up Air Force Part One ![]() 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 ![]() 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
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