October 14, 2008 | ![]() |
the second hyperpower |
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Chinese minister urges end of US arms sales to Taiwan: report![]() China's defence minister Monday told a leading United States Congressman the US must immediately abolish weapon sales to Taiwan to protect Sino-US ties, state press reported. "The US arms sale plan, regardless of China's repeated opposition, has undoubtedly damaged relations between the two countries and two armed forces seriously," Xinhua news agency quoted Liang Guanglie as saying. The ... more Chinese steel prices plummet amid global turmoil: state media ![]() Steel prices in China recorded their largest weekly decline in eight years last week as the global financial crisis bit into the domestic industry, state media reported on Monday. Domestic steel prices plunged by an average 12 percent last week, with analysts attributing the fall to the economic woes around the world that were expected to hurt Chinese exporters, Xinhua news agency reported. ... more ASEAN expects China, India to keep mining afloat amid recession ![]() Mineral exporters in Southeast Asia expect China and India to sustain demand amid a looming recession in developed countries, officials and industry executives said Monday. "The world will not stop operations," Filipino Natural Resources Secretary Joselito Atienza told reporters. "The present crisis in the world could be an opportunity for ASEAN (Association of Southeast Asian Nations) ... more China posts another record trade surplus despite global slowdown ![]() China said Monday its trade surplus hit a monthly all-time high of 29.3 billion dollars in September despite slowing global demand brought on by the financial crisis. Exports in September reached 136.4 billion dollars, up 21.5 percent over the same month last year, while imports during the period were 107.1 billion dollars, up by 21.3 percent, the General Administration of Customs said. ... more Rare protest in China in support of police killer ![]() Protesters staged a rare demonstration outside a Shanghai court on Monday in support of a jobless man who was appealing against his conviction for murdering six policemen. Around a dozen people joined the brief protest at the beginning of the appeal trial for Yang Jia, 28, who was sentenced to death last month for the murders. "We are just ordinary people concerned about Yang Jia's fate. ... more |
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![]() ![]() China's ruling Communist Party approved a major economic reform plan Sunday that will allow farmers to trade and mortgage their land rights and help bolster the nation's food security. The move is part of a wider package of reforms aimed at reducing a gaping rural-urban income gap that has expanded during 30 years of capitalist market policies. The package was approved at an annual ... more China warns Obama, McCain to toe line on Taiwan ![]() China warned the two American presidential candidates Thursday against supporting the independence of Taiwan, saying such moves will strain China-US relations. The warning came after China learnt Barack Obama and John McCain supported a proposed 6.5 billion dollar arms package to Taiwan. "The Taiwan issue is the core issue in China-US relations," foreign ministry spokesman Qin Gang told ... more Six dead in China landslide: state media ![]() Six people died in a landslide early on Thursday in north China's Shanxi Province, state media reported. The slide occurred at about 8:00am (0000 GMT) at a farm in Zaolin Village, Liulin County, burying the six people, Xinhua news agency said, quoting the county government. Rescuers pulled the victims from the rubble and sent them to hospital, but all died despite doctors' efforts, the ... more China more than triples figure for children hospitalised over milk ![]() China said it understood the global concern over its food exports Thursday, as the official tally of children hospitalised after drinking tainted milk more than tripled to nearly 47,000. The nation issued nearly 44 million dollars in subsidies for its beleaguered dairy farmers who have been hit hard by the scandal as the nation weans itself off milk products. Nearly 11,000 children ... more |
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![]() ![]() The six powers trying to scale back Iran's nuclear ambitions will consult soon via telephone about the "next steps" to take at the United Nations, a State Department official said Wednesday. Top State Department and foreign ministry officials from the United States, Britain, China, France, Germany and Russia will debate further UN Security Council action to halt Iran's sensitive nuclear ... more Disasters kill more in 2008 than in tsunami: UN ![]() More people died from natural disasters in the first six months of 2008 than in the Asian tsunami of 2004 due mainly to the earthquake in China and cyclone in Myanmar, the United Nations said Wednesday. "2008 is a terrible year. There have already been more victims than in the tsunami," said Salvator Briceno, head of the UN's disaster management agency (ISDR). More than 230,000 people ... more China's currency 'substantially undervalued': IMF ![]() China's currency remains "substantially undervalued", the International Monetary Fund said Wednesday, arguing that greater exchange rate flexibility would benefit the Asian giant. In its half-yearly World Economic Outlook report, the IMF said a more flexible yuan, or renminbi, would help China shift growth momentum towards domestic sources and make its monetary policy more effective. ... more China sets limits for melamine in milk ![]() China announced Wednesday limits for how much melamine its dairy products can contain, seeking to curb the use of the chemical which has killed four children and sickened 53,000. The maximum amount of melamine allowed in baby formula is one milligram per kilogram, said Wang Xuening, deputy director general of the health ministry's health supervision bureau. For liquid milk and other ... more
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