| October 21, 2008 |  |
the second hyperpower |
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China blames global woes as economy eases
Beijing (AFP) Oct 20, 2008China's economic growth slowed to 9.0 percent in the third quarter as global financial woes started taking a toll, the government said Monday, signalling it would respond with new stimulus measures. It was the first time since late 2005 that quarterly growth slipped into single digits and the lowest growth figure since the second quarter of 2003, providing the most powerful indication yet ... more Contact sought with kidnappers of Chinese in Sudan 
Khartoum (AFP) Oct 20, 2008Sudanese and Chinese authorities were seeking on Monday to contact the kidnappers of nine Chinese oil workers snatched near Sudan's disputed oil district of Abyei. "To now we haven't any information about the kidnappers," China's ambassador to Khartoum Li Chengwen told AFP. "There is no communication between us and the kidnapped or the kidnappers. We are trying to collect new information" ... more China facing uphill battle as it pursues domestic growth: analysts 
Beijing (AFP) Oct 20, 2008China wants domestic spending to make up for slowing exports, but it is by no means certain the nation's own consumers are willing or able to pick up the slack, analysts said Monday. The world's fourth-largest economy expanded by nine percent in the third quarter, the lowest level since the second quarter of 2003, the government said Monday, calling for a sharper focus on domestic sources of ... more 1,500 jobless as another China factory shuts: report 
Beijing (AFP) Oct 20, 2008A Hong Kong-listed appliance maker shut its southern China factory on Monday, state media reported, making it the latest victim of the world economic slowdown's impact on Chinese manufacturing. The closure of Bailingda Industrial Co.'s electrical appliance factory in the export hub of Shenzhen has left 1,500 employees jobless, Xinhua news agency reported. It follows the failure on Friday ... more Pakistan airstrikes kill 60 militants, hostage escapes: officials 
Islamabad (AFP) Oct 18, 2008Airstrikes by Pakistani jets killed 60 pro-Taliban fighters in the restive northwest while a Chinese engineer seized seven weeks ago escaped from his kidnappers, security officials said Friday. "Security forces destroyed a training camp and hideouts of militants in Peochar in Swat valley, killing 60 of them and injuring scores of others," a senior security official told AFP. Another secu ... more |
taiwan
 terrorwars  farm  |
Beijing (AFP) Oct 18, 2008The Chinese manufacturer of a ginseng injection that killed three people has recalled all its injection products, the country's drug safety watchdog said Saturday. Wandashan Pharmaceutical, based in the northeast province of Heilongjiang, voluntarily recalled all its injection products on Friday, the State Food and Drug Administration said in a statement on its website. Six hospital ... more China quake rumour-monger jailed for four years: court 
Beijing (AFP) Oct 17, 2008A 19-year-old man who hacked into a government website just after southwest China's devastating earthquake and warned of another huge tremor has been jailed for four years, a court said Friday. The court in Nanning, capital of the southern Guangxi region, convicted Chen Zhifeng of deliberately spreading false and terrifying news. Chen hacked into the website of Guangxi's seismological bu ... more China to help Pakistan build two more nuclear plants 
Islamabad (AFP) Oct 18, 2008Energy-hungry Pakistan said on Saturday that China had agreed to help it build two more nuclear power plants in a major boost to the country's long-term plans to end crippling electricity shortages. Foreign Minister Shah Mahmood Qureshi announced the deal after President Asif Ali Zardari returned from a four-day state visit to China which Qureshi said had been "very significant." ... more China's economy showing cracks amid global crisis 
Shanghai (AFP) Oct 19, 2008China's strong economy appeared to put the nation on the global high ground when the financial tsunami first struck last month, but as the storm continues to rage, that position is looking less sure. After five years of annual double digit economic growth, and with more than 1.9 trillion dollars in foreign reserves as well as a closed financial system that protected it from toxic US asset ... more |
economy
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Dongguan, China (AFP) Oct 19, 2008Frustrated Chinese workers left jobless when a major toy maker went bust said Sunday they might have to go home in debt, as more factories face failure due to the global financial crisis. More than 100 employees of Hong Kong-listed toy manufacturer Smart Union again crowded outside its factory in the southern export hub of Dongguan on Sunday, two days after the firm announced it had gone ... more 16 dead after dynamite explosion at China mine: officials 
Beijing (AFP) Oct 17, 2008Sixteen people were killed when two tonnes of dynamite were detonated at a coal mine in north China, creating a much larger explosion than workers expected, the government and state media said Friday. The accident, which happened Thursday evening at a mine in the northern Ningxia Hui region, also injured 46 people, including 12 seriously, according to China's work safety bureau. ... more 7,000 workers laid off in China as toy maker closes: state media 
Beijing (AFP) Oct 17, 2008A Chinese toy maker that sold to US giants Mattel and Disney has gone bust due to the global economic crisis, leaving up to 7,000 people jobless, the company and local officials said Friday. Hong Kong-listed Smart Union closed its factory doors in southern China's export hub of Dongguan this week, leaving its unpaid workers stranded outside the plants and leading to government concerns about ... more China To Deliver Telecom Satellite To Pakistan 
Beijing (XNA) Oct 17, 2008China will launch a telecommunication satellite, dubbed PakSat-1R, for Pakistan in 2011. The satellite's chief contractor -- China Great Wall Industry Corporation (CGWIC) -- said on Thursday that a Long March 3B rocket will be used to put the satellite into orbit. It will launch from the Xichang Satellite Launch Center in the southwestern Sichuan Province. The company said ground ... more
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