| February 13, 2009 |  |
the second hyperpower |
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Rains bring relief from China drought
Beijing (AFP) Feb 12, 2009Drought-hit regions of northern China enjoyed rare rain on Thursday and more precipitation was expected in coming days, providing relief from a severe drought that threatened vital wheat crops. The parched capital Beijing shivered under a steady cold rain throughout the day, as did several of the important grain-growing provinces in the northern and eastern parts of the country hit hardest ... more Chinese president starts African tour in Mali 
Bamako (AFP) Feb 12, 2009China's President Hu Jintao arrived in Mali Thursday at the start of a whirlwind African tour which Beijing says is focused more on political ties than on his country's hunt for commodities. Hu was greeted by his Malian counterpart Amadou Toumani Toure on his arrival at Bamako airport. The leaders made no statements before moving to the presidential palace for an official welcome ceremony ... more Chinese TV employee among 12 held over fire: police 
Beijing (AFP) Feb 12, 2009Beijing police said Thursday they had detained a senior staff member at China's state television station and 11 other people over a fireworks show that set part of its new headquarters ablaze. The 12 are suspected of having caused Monday night's blaze that consumed an almost-completed building that was to house the Mandarin Oriental hotel, and which led to the death of one firefighter, a ... more Carbon emitters hold talks in Tokyo 
Tokyo (AFP) Feb 12, 2009The world's major carbon emitters were in "full negotiation mode" Thursday as they met in Tokyo with the clock ticking to draft a new UN treaty on fighting global warming. Representatives from 22 countries, including major CO2 emitters China, India and the United States, as well as the European bloc are taking part in the informal two-day session. It marks one of the first negotiating ... more China puts 19 bln dollars into Rio Tinto 
Sydney (AFP) Feb 12, 2009China's state-owned aluminium firm Chinalco on Thursday unveiled Beijing's biggest investment ever in a foreign company, putting 19.5 billion dollars into troubled mining giant Rio Tinto. The two companies said the "strategic partnership" would give Chinalco stakes in mining assets as well as bonds convertible to Rio shares, which could eventually raise its overall stake in Rio to at least ... more |
economy
 superpowers  milplex  |
West Lafayette IN (SPX) Feb 12, 2009Civil engineers using a specialized laboratory at Purdue University have demonstrated the effectiveness of a simple, inexpensive method to strengthen buildings that have a flaw making them dangerously vulnerable to earthquakes. The flaw is widespread in China, Latin America, Turkey and other countries. The buildings have too many "partial-height" walls between structural columns and could ... more Saudi and Chinese firms in power and desalination tie up 
Riyadh (AFP) Feb 11, 2009A Chinese electric power giant and a Saudi power company on Wednesday announced an alliance to work together on power and desalinisation projects around the world. Shanghai Electric Power Generation Group (SECPG) and Saudi Arabia's ACWA Power International said in a press conference that they already have two projects to cooperate on, one in Saudi Arabia and the other in a nearby Gulf ... more Death sentence for corrupt China airport chief: report 
Beijing (AFP) Feb 11, 2009A Chinese court has sentenced the former boss of 30 airports including Beijing's to death for bribery and embezzlement totalling around 15 million dollars, state press reported on Wednesday. Li Peiying, former board chairman and general manager of Capital Airports Holding Company, received the sentence Tuesday from a court in east China's Shandong province, the Beijing Times reported. ... more Dalai Situation "very tense", unrest possible in Tibet: Dalai Lama 
Baden Baden, Germany (AFP) Feb 11, 2009The Dalai Lama warned Wednesday of a fresh uprising in Tibet in the "very tense" run-up to the 50th anniversary of the failed rebellion against Chinese rule that prompted his flight into exile. "Today there is too much anger... The situation is very tense," said the 73-year-old Tibetan Buddhist spiritual leader during a visit to the German spa town of Baden Baden. "At any moment there ... more |
china
 farm  economy  |
London (AFP) Feb 11, 2009Anglo-Australian mining giant Rio Tinto said on Wednesday it was still in talks with Chinalco and would make an announcement shortly, after reports it was set to sell a further stake to the Chinese aluminium company. "Rio Tinto notes continued media speculation in connection with a possible transaction with Chinalco and confirms the parties are in negotiations, which may or may not lead to a ... more Mecca monorail deal marks Saudi visit by China's Hu 
Riyadh (AFP) Feb 11, 2009Chinese President Hu Jintao wrapped up his second day in Saudi Arabia on Tuesday with a contract to build a monorail in Islam's holiest city and with a pact on oil and petrochemicals supplies under his arm. The 1.8 billion dollar deal for China Railway Corp to build a mass transit system for Muslim pilgrims on the annual hajj pilgrimage to Mecca served to highlight China's growing role as ... more Drop in China's electricity output deepens in January: state media 
Beijing (AFP) Feb 11, 2009China's electricity output fell further in January as demand continued to weaken, state media said Wednesday, in a further sign that the economy is slowing amid the global crisis. Major power producers generated only 250.3 million megawatt hours of electricity last month, falling 13 percent from a year earlier, the China Daily reported, citing the China Electricity Council, an industry assoc ... more Chinese president heads to Africa for whistle-stop tour 
Bamako (AFP) Feb 12, 2009Chinese president Hu Jintao was set to arrive in Mali Thursday, the first stop in his whirlwind tour of four African countries, as Beijing stressed its interest in Africa goes beyond the purely economic. Hu is scheduled to visit Mali, Senegal, Tanzania and Mauritius as part of his first overseas trip in 2009. Beijing is often criticised for its alleged drive to secure natural resources from ... more
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economy
 economy  gas  |
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