September 04, 2008 24/7 News Coverage the second hyperpower
Early Blast-Off Tipped For Spacewalk Mission
Beijing, China (SPX) Sep 04, 2008
The planned launch date of Shenzhou VII, China's third manned spacecraft, may be brought forward from next month to sometime this month, Hong Kong's Wen Wei Po newspaper said. A source reportedly told the paper the launch date will be between Sept 17, the closing day of the Beijing Paralympics, and Oct 1, China's National Day. "Now it is fairly certain it will be before National Day ... read more
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    Coca-Cola to buy China juice maker for 2.4 bln dollars
    Shanghai (AFP) Sept 3, 2008
    Coca-Cola moved Wednesday to further strengthen its global reach by announcing plans to buy Huiyuan Juice Group for 2.4 billion dollars, the US soft drink maker's biggest acquisition in China. The deal, which Chinese authorities have yet to approve, is part of the drive by the world's largest soft drink maker to buy up juice, water and other non-carbonated drink producers around the globe to ... more

    Taiwan calls for more oil exploration cooperation with China
    Taipei (AFP) Sept 3, 2008
    Taiwan called Wednesday for expansion in cooperation on oil exploration and development with China amid warming ties between the two rivals. The CPC Corp., Taiwan, the island's state-run oil refiner, said it has proposed to work with China's CNOOC Ltd. to explore possible oil reserves in the East China Sea. "We have expressed the willingness to CNOOC to work together in the East China ... more

    Wal-Mart confident China goods-sourcing stable despite inflation
    Hong Kong (AFP) Sept 3, 2008
    US retail titan Wal-Mart Wednesday said soaring production and commodity costs would not damage its ability to source goods from China, and it even expected an improvement in the product standards. Vicente Trius, president and chief executive officer of Wal-Mart Asia, said that China had been a stable source of products and would remain so in the coming years. "The economic downturn or ... more

    Gazprom Neft Looks To Send Crude To China Via Kazakhstan
    Monaco (RIA Novosti) Sep 04, 2008
    Gazprom Neft, the oil arm of Russian energy giant Gazprom, plans to apply for permission to ship crude oil to China via Kazakhstan in the fourth quarter of this year and in 2009, the company CEO said on Monday. "We are the only company that has a direct contract with China Oil," Alexander Dyukov said. It was earlier reported that Gazprom Neft had not been included in the schedule for ... more

    China to launch third manned space flight in September: report
    Hong Kong (AFP) Sept 2, 2008
    China has brought forward the launch date of its third manned space flight to late September, a report said Tuesday. The launch of Shenzhou VII is now expected to take place between September 17 -- the end of the Beijing Paralympics -- and China's National Day on October 1, Hong Kong newspaper Wen Wei Po said, citing unnamed sources. The period offered the best launch window for Shenzhou ... more

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    UN aid chief wants more access to Ethiopia's conflict zone
    Kebri Dehar, Ethiopia (AFP) Sept 2, 2008
    UN humanitarian chief John Holmes on Tuesday urged Ethiopia to grant aid groups access to conflict zones in the southern Ogaden region where the army is battling a rebel group. Ethiopian military launched a crackdown last year on the region after the Ogaden National Liberation Front (ONLF) attacked a Chinese-run oil venture, killing 77 people. Aid workers say the military operation has ... more

    Taiwan hopes to import water from China
    Taipei (AFP) Sept 2, 2008
    Taiwan has put forward a plan to import water from China for residents on a heavily-defended island group off the mainland, authorities said Tuesday, in a fresh sign of improving relations. The Water Resources Agency wants to set up pipes linking China's southeast Fujian province to the Taiwan-controlled Kinmen group, the agency said. It said construction -- pending final approval from ... more

    China hikes fertiliser export tax to boost farm output: report
    Beijing (AFP) Sept 2, 2008
    China has raised duties on fertiliser exports in a bid to boost agricultural output and dampen a surge in inflation that has been mainly driven by food prices, state media said Tuesday. Export duties on nitrogen fertiliser and synthetic ammonia have been raised to 150 percent from 135 percent for the period from September to the end of the year, the China Daily said, citing the finance ... more

    US says no clean-energy exports to China affected by controls
    Beijing (AFP) Sept 2, 2008
    The United States does not maintain controls on clean energy exports, a senior American trade envoy said Tuesday, while addressing Chinese concerns over billions of dollars in potential trade. "No clean energy exports are affected by export controls," US Commerce Assistant Secretary David Bohigian told reporters in Beijing at the start of a clean energy and environment trade mission to Asia. ... more

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    Death penalty for murderer of six Shanghai policemen: state media
    Shanghai (AFP) Sept 1, 2008
    A Chinese court on Monday sentenced a 28-year-old man to death for killing six policemen at their station in Shanghai, state media reported. Yang Jia was convicted of premeditated murder, the Xinhua news agency quoted the Shanghai No. 2 People's Intermediate Court as saying. No other details were immediately available. Yang's trial began on August 26 and was closed to the media. ... more

    China aiming to make world's fastest rail link: state media
    Shanghai (AFP) Sept 1, 2008
    China is aiming to make a high-speed rail line linking Beijing and Shanghai the world's fastest when it opens in 2012, state media reported Monday. Chinese-designed trains capable of speeds up to 380 kilometres (236 miles) an hour will make the 1,300-kilometre journey in about four hours, the China Daily quoted Zhang Shuguang, the Ministry of Railways' deputy chief engineer, as saying. ... more

    Sino-American Silicon Invests In Silfab
    Padova, Italy (SPX) Sep 02, 2008
    Silfab announced this week that SAS' Board has approved to invest in Silfab an amount of 30 million euros equity, Sino-American Silicon Product, a Taiwanese manufacturer of polysilicon wafers for use in both photovoltaic and semiconductor industries. According to Franco Traverso, Silfab Chairman and CEO, Silfab will use the funds from the investment to build its initial polysilicon ... more

    China cannot back Russia in Georgia crisis: analysts
    Beijing (AFP) Aug 29, 2008
    China will not endorse Russia in its battle with the West over the Georgia crisis but cannot say so publicly for fear of upsetting Moscow, political analysts say. Since the Georgia crisis began -- culminating in Moscow recognising the independence of two secessionist regions, South Ossetia and Abkhazia -- China's reaction has been subdued. It has expressed concern over the issue but has ... more

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