| October 17, 2008 |  |
the second hyperpower |
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China vows to help cash-strapped Pakistan
Beijing (AFP) Oct 17, 2008China vowed Thursday to do what it could to help cash-strapped Pakistan avert financial disaster as Islamabad's leader continued an official visit aimed at rustling up crucial Chinese investments. The promise came as Premier Wen Jiabao met Pakistani President Asif Ali Zardari, who is on his first official visit abroad after being elected in September. "As a long friend of Pakistan, China ... more Don't count on China to save world economy: economist 
Sao Paulo (AFP) Oct 16, 2008Hopes that China will emerge as the world's economic savior in the global crisis are overblown and ignore that country's dependence on the US market, a US economist in Beijing told the Brazilian newspaper Valor Thursday. "A significant slowdown in US growth will hit emerging markets in general, and China in particular," Michael Pettis, professor of finance at the University of Beijing, said. ... more Chinese to invest millions in Guinea Bissau phones 
Bissau (AFP) Oct 16, 2008China is investing 36 million euros (48.5 million dollars) in modernising Guinea Bissau's obsolete fixed telephone network and another three million euros in the mobile phone network, a government minister said Thursday. "It only remains to launch the operation in 90 days," Transport and Communication Minister Vicente Blute told AFP. The work will be carried out by the Huawei group. ... more China dairy companies blame middle men for milk scandal 
Hohhot, China (AFP) Oct 16, 2008China's biggest dairy companies blamed middle men on Thursday for the nation's tainted milk scandal, as they guaranteed their produce was now safe. Milk products made by Yili and Mengniu, along with those of many other leading Chinese brands, were last month found to contain melamine, an industrial chemical normally used to make plastics. "The milk stations that had problems were the one ... more Pakistani, Chinese presidents meet in Beijing 
Beijing (AFP) Oct 15, 2008Pakistani President Asif Ali Zardari met his Chinese counterpart Hu Jintao on Wednesday as he looked to Islamabad's loyal ally for crucial financial and nuclear energy investments. Zardari, on his first state trip since taking office in September, was greeted by Hu at Beijing's Great Hall of the People, the seat of power in China. Hu extended an effusive welcome, stressing close bilateral ... more |
war
 farm  farm  |
Brussels (AFP) Oct 15, 2008The European Commission proposed Wednesday a raft of measures to boost "mutual understanding" with China on Africa, where Beijing's growing economic clout has caused unease in Europe. "As both the EU and China are important trading partners and donors for Africa, this proposal suggests Africa, the EU and China should join forces in areas of shared interests rather than to focus on difference ... more Recession stalks US, EU, but China offers hope: economists 
London (AFP) Oct 15, 2008The United States and Europe are heading for a "nasty recession" despite efforts to shore up the banking system, but Chinese growth could limit the damage to the world economy, economists said Wednesday. In a dark analysis of the financial crisis, British think tank Chatham House said leaders of developed countries must go beyond recent banking bail outs and come up with some "extraordinary ... more China sovereign fund says it withdrew from failed US fund 
Shanghai (AFP) Oct 15, 2008The China Investment Corp. sovereign wealth fund said Wednesday it does not expect losses from its investment in a failed US money market fund. The CIC rejected reports that it may have more than five billion dollars frozen in the Reserve Primary Fund, saying it asked to withdraw its investment before the fund was suspended last month, according to a statement. "The fund (Reserve Primary ... more Polluting factories in central China sicken farmers: state press 
Beijing (AFP) Oct 15, 2008Illegal factories pumping arsenic and other chemicals into rivers have left farmers in a heavily populated area of central China with skin problems and failing crops, state press reported on Wednesday. Thirteen illegal alloy smelting plants in Hubei that defied government efforts to close them down two years ago were finally shut this week, the China Daily reported. "We removed the plant ... more |
trade
 superpowers  stans  |
Beijing (AFP) Oct 14, 2008China will continue to play a "positive role" in efforts to contain the global financial crisis, Premier Wen Jiabao told his British counterpart Gordon Brown on Tuesday, an official statement said. "In responding to this crisis, the international community must strengthen cooperation," Wen told Brown during telephone talks, according to a statement released by the Chinese foreign ministry. ... more Half of China toymakers go bust in 2008: state media 
Beijing (AFP) Oct 14, 2008More than half of China's toy exporters have gone bust in 2008, hit by rising production costs, the stronger yuan and tightened safety standards in export markets, state media reported on Tuesday. A total of 3,631 enterprises that made toys for export, or 52.7 percent of all such businesses, have gone out of business in the first seven months of the year, Xinhua news agency reported. ... more China says Asia-Europe meet to focus on financial crisis 
Beijing (AFP) Oct 14, 2008China said Tuesday that the global financial crisis would be a focus of talks between Asian and European leaders at a key inter-regional forum to be held in Beijing later this month. "The financial crisis has caused concern in all countries," Liu Jieyi, assistant foreign minister, told reporters ahead of the Asia-Europe Meeting, or ASEM, to be held in the Chinese capital on October 24 and 25 ... more China aims to provide healthcare for all by 2020 
Beijing (AFP) Oct 14, 2008China unveiled details Tuesday of a long-awaited overhaul of its struggling healthcare system, aiming to provide affordable basic care for all by 2020. China's main economic planning body, the National Development and Reform Commission, outlined the plans on its website, saying it wanted to launch a public debate and inviting people to comment by November 14. The project aims to "create ... more
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dragonspace
 taiwan  economy  |
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