February 26, 2009 | ![]() |
the second hyperpower |
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Russia probes officers over China arms sales: report![]() Russia's military prosecutor on Wednesday announced a probe into high-level naval officers and businessmen suspected of supplying anti-submarine rockets to China illegally, Interfax reported. The prosecutor, Sergei Fridinsky, said the suspects had transferred the 30 rockets as well as 200 aviation bombs to the ex-Soviet state of Tajikistan with the intention of selling them on to China for ... more Chinese relics sell for 15.7 mln euros each at YSL auction ![]() Two looted Chinese bronzes sold for 15.7 million euros (20.3 million dollars) each to anonymous telephone bidders at the Yves Saint Laurent art sale on Wednesday, despite protests from Beijing. China had demanded the return of the Qing dynasty fountainheads, of a rat and a rabbit, which were snatched from the imperial Summer Palace by British and French troops 150 years ago. The sale pri ... more Dalai Lama says eager to visit Taiwan: report ![]() Exiled Tibetan leader the Dalai Lama has reiterated his wishes to visit Taiwan in an interview with a Taiwanese cable news channel broadcast here on Wednesday. "I am very eager since my first and second visit," he said in an interview in India with FTV, referring to his historic first trip to Taiwan in March 1997 and again in 2001, both times triggering strong condemnation from China. ... more Locke: Son of immigrants with eye on US-China trade ![]() Gary Locke, the first Chinese-American governor in US history, picked Wednesday by President Barack Obama as his commerce secretary, could help spearhead trade with economic giant China. If confirmed -- after Obama's two previous high-profile picks for the cabinet post stepped aside amid controversy -- Locke's experience as governor will likely prove invaluable, as Washington and Beijing con ... more China's environment problems serious: minister ![]() China's environmental problems remain serious with local governments not putting enough pressure on businesses to control pollution, the nation's environment protection minister has said. Efforts to toughen environment laws have not done enough to fix the widespread problems for China's air, lakes and rivers, Zhang Lijun said Tuesday, according to the official Xinhua news agency. ... more |
economy
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![]() ![]() China hailed Tuesday US Secretary of State Hillary Clinton's trip to Beijing, saying it had been beneficial for relations between the two powers. "Through the visit, the two countries have built up mutual understanding... which will help the bilateral relations develop in a sound and stable manner in a new era," foreign ministry spokesman Ma Zhaoxu told reporters. "Both China and the ... more China closes Tibet to foreign tourists: agencies, hotel ![]() China has closed Tibet to foreign tourists ahead of next month's highly sensitive 50th anniversary of a failed uprising against Chinese rule, tour agencies and other industry people told AFP Tuesday. The ban comes amid deep tensions in the Himalayan region, with a reported increase in security forces and a call by the Dalai Lama for a boycott of Tibetan New Year celebrations on Wednesday, in ... more China says 'relics for rights' offer ridiculous ![]() China said Tuesday an offer to exchange two imperial bronzes looted 150 years ago by foreign troops for human rights was "ridiculous," as it called once more for the return of the relics. The 18th-century Qing dynasty bronzes are to go under the hammer on Wednesday in Paris, and owner Pierre Berge told French radio on Friday that he would give them back to China in return for human rights in ... more US milk company denies China products unsafe ![]() US company Wyeth said it had received complaints that children who had been fed its baby milk powder in China had developed kidney stones, but denied its products were unsafe. The statement posted on Wyeth's China website on Monday was the latest in a rash of reports of sick babies that is raising new concerns long after a tainted baby formula scandal was declared over by Chinese authorities ... more |
economy
![]() economy ![]() economy ![]() |
![]() ![]() China's Hunan Valin Iron and Steel Group said Tuesday it would acquire a 16.5 percent stake in Australian miner Fortescue Metals Ltd. for 1.2 billion Australian dollars (776 million US dollars). State-owned Valin agreed to buy 225 million new Fortescue shares at 2.48 Australian dollars each, Dow Jones Newswires reported, citing a company statement. Officials at the two companies were not ... more China vows more moves to fight slowdown ![]() China's ruling Communist Party elite has vowed to take a slew of measures to respond to an economic slowdown that it said would make 2009 the most difficult year in nearly a decade. "We will increase large-scale government investment, implement and readjust a plan to revive industries, make great efforts to boost innovation, and greatly enhance the level of social security," the politburo ... more Locke: Son of immigrants to pave path for US-Chinese trade ![]() President Barack Obama's troubled search for a Commerce Secretary may soon be over, as Gary Locke, the US' first Chinese-American governor is tipped to take the post. Locke, a two-time governor of Washington State -- on America's pacific north west -- has been described by a senior US official as the "likely" candidate for the job. The Obama administration will hope it is third time ... more How To See Comet Lulin As It Passes Earth ![]() This week a greenish, double-tailed smudgeball, named Comet Lulin for the Taiwanese observatory where it was discovered in July 2007, is passing its closest by Earth. You can spot it with a pair of binoculars. "For the last several weeks the comet has been getting widespread attention as it has grown nearer and brighter. It should be at its best from about February 23 through 28," says Sky ... more
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