| November 21, 2008 |  |
the second hyperpower |
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China Testing Its Big Power Options In South America
Hong Kong (UPI) Nov 19, 2008 Most of China's dealings with Latin American countries are motivated by its pursuit of oil and other resources. This is only partly true in the case of Cuba, however. The country has unique political, strategic and intelligence value for China. Interestingly, China's military contacts with Cuba bear the secretive characteristics of Soviet-Cuban engagement in the 1960s. ... more Japan's Itochu to take stake in Chinese food giant 
Tokyo (AFP) Nov 20, 2008Japanese trading giant Itochu Corp. said Thursday it had agreed to buy a 20 percent stake in Chinese processed food manufacturer Ting Hsin for 710 million dollars. The deal, which is expected to be completed by May, is the latest in a series of overseas investments by the Japanese trading house to try to spur future growth as the domestic economy languishes in recession. Ting Hsin is ... more Chinese 'Bill Gates' booed by angry Peruvian textile workers 
Lima (AFP) Nov 19, 2008Jack Ma, a Chinese web entrepreneur sometimes called his country's "Bill Gates", was Wednesday jeered by angry Peruvian textile workers who saw him as the negative personification of a China-Peru free trade agreement. Around 200 traders in the Lima district of Gamarra gathered to protest a visit by Ma, who had been invited to speak to them by Peruvian Production Minister Elena Conterno, on ... more China arrests 30 over riots in northwest: govt 
Beijing (AFP) Nov 20, 2008Police have arrested 30 people for involvment in a two-day violent protest in northwest China that had to be broken up with tear gas after 74 people were injured. As calm returned to Longnan in Gansu province, authorities said they had questioned 110 people over the riots during which people threw stones, bricks and bottles to attack police, according to a local government statement. ... more Under-fire GM launches 'product offensive' in China 
Shanghai (AFP) Nov 20, 2008US automaker General Motors has begun unveiling an unprecedented number of new models in China, where it has gone on the offensive as it faces bankruptcy at home. GM and its local partners are trying to keep an edge in China, the world's second largest market after the United States, as they exhibit 24 models at this week's Guangzhou International Auto Show. "The vehicles on display are ... more |
trade
 economy  trade  |
Beijing (AFP) Nov 20, 2008China warned Thursday it was facing major unemployment problems due to the global economic crisis, as it unveiled a series of measures aimed at maintaining and creating jobs. "Currently, the employment situation is critical, and this impact (of the financial crisis) is still unfolding," Yin Weimin, China's social security minister, told reporters in response to a question on recent labour ... more China plans to lower oil product prices: govt 
Beijing (AFP) Nov 20, 2008China is planning to cut the price of oil products, the government said Thursday, in a further bid to boost consumption and maintain growth amid the deepening international economic crisis. Government agencies in charge of finance, transportation and related issues discussed steps to reduce prices at a recent meeting, the National Development and Reform Commission said in a statement on its ... more Analysis: Uzbek-Malaysian energy ties 
Washington DC (UPI) Nov 21, 2008Many Western observers see the Russian-Western "Great Game" over Caspian and Central Asian hydrocarbon resources essentially as a two-nation struggle, but the reality in the last few years is that other actors have entered the arena, playing nimble Velociraptors to Washington and Moscow's lumbering Tyrannosaurus Rex. The most notable newcomer is China, but other Asian nations have begun to ... more China's Feng Yun-3 A Satellite Starts Trial Business Operation 
Beijing (XNA) Nov 20, 2008China's new polar orbiting meteorological satellite, Feng Yun-3 A and its ground application system, started business runs on Tuesday, said China Meteorological Administration (CMA). The CMA said it would actively sell data and services provided by the satellite to domestic and overseas users. It supplies a wide range of information in areas including meteorology, sea, water conservation ... more |
dragonspace
 farm  china  |
Beijing (AFP) Nov 19, 2008China flagged Wednesday it would build a pipeline into Myanmar in a project that would give it easier energy access but also potentially raise concerns about its links with the nation's ruling junta. Work on the oil and gas line will begin in southwest China's Yunnan province in the first half of 2009, the state-run China Daily reported, indicating a project that has been in the planning ... more China now largest holder of US Treasury bonds 
Shanghai (AFP) Nov 19, 2008China is now officially the US government's largest foreign creditor after overtaking Japan, in a development that signals Washington's increasing reliance on Beijing to save its economy. China became the largest foreign holder of US Treasuries, owning 585 billion dollars worth as of September, according to US Treasury Department figures. But, analysts warned Wednesday, neither country ... more China to scrap three billion dollars in fees to boost growth: govt 
Beijing (AFP) Nov 19, 2008China will cut 19 billion yuan (2.8 billion dollars) worth of administrative fees in 2009, the government said Wednesday, to help companies and boost growth amid the global financial woes. The policy, which will take effect from January 1, will cancel charges on items such as labour dispute arbitration and university diploma certificates, the finance ministry said on its website. ... more China to reform oil prices in 20 days: state media 
Beijing (AFP) Nov 19, 2008China is expected to reform its oil pricing mechanism within 20 days as part of efforts to reduce consumption and air pollution, state media reported Wednesday. The China Daily quoted on its website an anonymous source "close to Beijing's top decision-making circles" as saying the new price system would be released within 20 days. "The aim is to complete China's fuel tax reform and to ... more
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superpowers
 milspace  pirates  |
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