September 04, 2008 | ![]() |
the second hyperpower |
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Coca-Cola to buy China juice maker for 2.4 bln dollars![]() 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 ![]() 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 ![]() 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 ![]() 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 ![]() 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 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 ![]() 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 ![]() 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 ![]() 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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![]() ![]() 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 ![]() 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 ![]() 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 ![]() 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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