January 15, 2009 24/7 News Coverage the second hyperpower
Transport ministers plot climate action in Japan
Tokyo (AFP) Jan 15, 2009
Twenty-two nations met Thursday in Japan to find ways to curb global warming from transport, which causes nearly one-quarter of carbon emissions but has partly evaded strict regulation. Transport ministers from the nations - including key polluters such as the United States, China and India - opened two days of talks in Tokyo as momentum builds to draft a post-Kyoto treaty on climate chang ... read more
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    Taiwan presidential official, MP's aide arrested for spying for China
    Taipei (AFP) Jan 15, 2009
    A specialist in the Taiwanese president's office and a legislator's former aide were arrested Thursday on suspicion of leaking state secrets to China, officials and reports said. Wang Ren-bing, who has been on the presidential staff eight years, and Chen Ping-ren, adviser to a ruling Kuomintang lawmaker, were taken into custody early Thursday for allegedly violating national security laws ... more

    A Review And Forecast Of The Chinese Solar Cell Industry In 2009
    Beijing, China (SPX) Jan 14, 2009
    CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently released its article on China's solar cell industry. Affected by global financial crisis in 2008, the global economy is going through a difficult winter. China's solar cell industry has been enjoyi ... more

    Iran and China sign oilfield development contract
    Tehran (AFP) Jan 14, 2009
    Iran and China on Wednesday signed a 1.76 billion dollar contract for the initial development of the North Azadegan oil field in western Iran, an Iranian oil ministry official said. The agreement between China National Petroleum Corporation (CNPC) and the National Iranian Oil Company (NIOC) foresees production from the field reaching 75,000 barrels a day in four years' time, the official sai ... more

    China revises figures, 'becomes world's number three economy'
    Beijing (AFP) Jan 14, 2009
    China revised upwards its 2007 growth figures Wednesday, indicating the Asian giant overtook Germany as the world's third largest economy, analysts said. China's economy expanded by 13.0 percent in 2007, up from a previous calculation of 11.9 percent, the National Bureau of Statistics said. "At market exchange rates, China in 2007 was the third largest behind the US and Japan," Vivek Aro ... more

    China lowers gas prices for second time in a month: state media
    Beijing (AFP) Jan 14, 2009
    China will lower gas prices Wednesday for the second time in a four weeks as world crude hovers around 40 dollars a barrel, state press reported Wednesday. The government will cut its benchmark retail gasoline price by two percent and diesel prices will fall by 3.2 percent as of midnight Wednesday, Xinhua news agency reported. The cut was the first since China implemented a new pricing m ... more

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    Vietnam finds bird flu in chicken smuggled from China: report
    Hanoi (AFP) Jan 13, 2009
    Vietnam has detected bird flu in chicken smuggled from China as the illegal trade picks up ahead of the lunar New Year later this month, state media reported Tuesday. Eight out of 16 poultry samples tested by animal health officials in the northern border province of Lang Son were infected with the deadly H5N1 strain of avian influenza, said the Lao Dong (Labour) newspaper. The provincia ... more

    Russia, China spur worldwide demand for wine: study
    Paris (AFP) Jan 13, 2009
    With consumers in Russia and China developing a taste for wine, worldwide demand is expected to climb until 2012 despite the economic downturn, a French study said Tuesday. "We believe that the effects of the economic crisis will be limited" in the wine sector, said Robert Beynat, director of Vinexpo, one of the world's biggest wine fairs held annually in Bordeaux. Russia and China are e ... more

    Chinese foreign minister begins Africa tour: govt
    Beijing (AFP) Jan 13, 2009
    Chinese Foreign Minister Yang Jiechi Tuesday began a four-nation trip to Africa, the government said, kicking off a traditional visit to build China's relationship with the continent. Yang's tour of Uganda, Rwanda, Malawi and South Africa would last until Saturday, foreign ministry spokeswoman Jiang Yu told journalists. "He will exchange views on bilateral issues, China-African cooperati ... more

    China's Hu urges Communist Party to rid itself of corruption
    Beijing (AFP) Jan 13, 2009
    Chinese President Hu Jintao urged the ruling Communist Party Tuesday to rid itself of corruption, but he stopped short of introducing reforms aimed at curbing the party's unbridled power. We "must be determined to uphold party discipline and deepen the building of a system that punishes and prevents corruption," state radio quoted Hu as saying in a speech to the party's corruption watchdog. ... more

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  • US to blame for global financial crisis: China central bank official

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    China's exports fall for second month amid crisis: state media
    Beijing (AFP) Jan 13, 2009
    China's exports fell for a second month in December - in its biggest fall for a decade - as the global crisis gnawed further into the nation's trade-dependent economy, the government said Tuesday. Last month also saw the Asian giant record its second-largest trade surplus ever, but it was not a sign of health, as it reflected an even sharper drop in imports due to lower domestic demand ... more

    China's major steel makers 2008 profits slump: state media
    Shanghai (AFP) Jan 14, 2009
    China's major steel makers saw their earnings slump in 2008 as demand fell and raw material costs soared, state press reported Wednesday, citing company officials. The Shanghai Securities News, an official mouthpiece for China's securities regulator, cited an unnamed Shanghai Baosteel Group executive as saying the leading producer had a 2008 net profit of about 23 billion yuan (3.4 billion ... more

    China grid operator, others to handle Philippine power network
    Beijing (AFP) Jan 14, 2009
    A consortium that includes China's main power transmitter and distributor will take over the operation of the Philippine electricity grid from Thursday, an executive at the Chinese company said. "We will take over operations of the Philippine power network from midnight," Cheng Mengrong, deputy director-general of State Grid Corporation of China, told reporters. State Grid Corporation of ... more

    Chinese Food Economy Benefits Small, Poor Farmers
    Beijing, China (SPX) Jan 11, 2009
    One of the most significant changes in China's agricultural economy over the past fifteen years has been the rise of horticulture. During this same time period, modern supply chains have also emerged. A new study in the Review of Agricultural Economics reveals that the recent changes in China's food economy have contributed to an improvement in poverty reduction and betterment of small farmers. ... more

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