| March 06, 2009 |  |
the second hyperpower |
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Asia to lead world arms spending by 2016: consultancy
Singapore (AFP) March 5, 2009Asia is expected to outstrip the rest of the world in defence spending within seven years as China and India upgrade their armed forces, a research consultancy said here Thursday. Asia's overall defence budget will account for 32 percent of global military spending by 2016, or 480 billion US dollars, up from 24 percent in 2007, Frost and Sullivan's regional director for defence practice Rata ... more China to modernise military across the board: Wen 
Beijing (AFP) March 5, 2009Prime Minister Wen Jiabao said Thursday that China's military needed to be modernised "across the board" as a 15.3 percent increase in defence spending was placed before parliament. "We need to make our army more revolutionary, modern and standardised, focusing on enabling it to fully carry out its historic missions," Wen said in his annual address to the National People's Congress. ... more Corruption linked to China TV tower blaze: report 
Beijing (AFP) March 5, 2009A top television executive arrested after a huge fire that gutted a tower built by China's state broadcaster and killed a fireman is being investigated for graft, Chinese media reported Thursday. Investigators of the blaze in Beijing said Xu Wei, the highest-ranking official to be arrested in the case, may have had orders from above to set off the fireworks that led to the inferno, this week ... more Dissidents report harassment as China congress opens 
Beijing (AFP) March 5, 2009Dissidents said Thursday police had sought to silence them for the start of China's parliament, even as Premier Wen Jiabao vowed to allow more political openness and freedom of expression. To avoid disruptions to the Communist Party's showpiece political event, authorities nationwide were also stopping people from reaching Beijing to petition higher authorities over various grievances, a hum ... more China ready for political, military talks with Taiwan: Wen 
Beijing (AFP) March 5, 2009China is ready for talks on political and military issues with Taiwan, Premier Wen Jiabao said Thursday, seeking to further a rapprochement between the rivals. "In the coming year, we will continue to adhere to the principle of developing cross-strait relations and promoting peaceful reunification of the motherland," Wen said at the start of the annual full session of parliament. "We are ... more |
africa
 economy  wind  |
Beijing (AFP) March 5, 2009China vowed a massive boost Thursday to social programmes even as the global crisis placed a severe strain on government budgets, reflecting growing worries about the potential for unrest. In a speech to lawmakers laden with warnings about the threats to social stability in the world's most populous country, Premier Wen Jiabao heralded steep spending increases, including nearly 40 percent mo ... more China runs ahead with spending torch 
Beijing (AFP) March 5, 2009China drew the spotlight in the race to beat the global economic crisis on Thursday, promising eight-percent growth, but markets also focused on downward pressure on interest rates in Europe. The Bank of England cut its key rate by half a point to a record low level of 0.50 percent to turn back recession and said it would pump newly created money into the economy, and the European Central Ba ... more China confident of growth as US economy falters 
Beijing (AFP) March 5, 2009A confident Chinese Premier Wen Jiabao said Thursday his country could still post eight percent economic growth in 2009 despite the global meltdown, as grim US data hinted at a prolonged recession. Although Wen admitted the world's third biggest economy was struggling, and he did not unveil any new stimulus measures as expected, his growth forecast was well received on Asian markets, with To ... more US airs confidence it could down NKorean missile 
Washington (AFP) March 4, 2009As Washington steps up diplomacy to prevent a North Korean missile launch, the US military is also voicing growing confidence that it can shoot it down if Pyongyang goes ahead. Stephen Bosworth, the new US administration's envoy on North Korea, was holding talks in China on Wednesday as he consults allies on what could turn into an early foreign crisis for President Barack Obama. But the ... more |
naval
 milplex  nuclear-blackmarket  |
Beijing (AFP) March 4, 2009Farmers relocated to make way for the Three Gorges Dam, the world's biggest hydroelectric power project, clashed with police in a protest over alleged corruption, locals said Wednesday. Between 1,000 and 2,000 people protested in Jiangnan township in central China's Chongqing municipality on Monday and Tuesday, leading to clashes with police, they said. "The reason for the protest was be ... more Chinese dairy maker buys scandal-hit milk firm: industry association 
Beijing (AFP) March 4, 2009A leading Chinese dairy brand has bought part of the assets of Sanlu Group, the firm at the centre of a huge contaminated milk scandal that rocked the nation, an industry association said Wednesday. Beijing's Sanyuan Group and one of its subsidiaries paid 616.5 million yuan (90 million dollars) for some of Sanlu's assets at a court auction, the Dairy Association of China said in a statement. ... more China hunts for Europe takeovers as stocks jump 
London (AFP) March 4, 2009Chinese businesses hunted for takeover targets in Europe and bargain hunters pushed up flagging stock markets on Wednesday, as the economic crisis dealt more heavy blows to firms and nations in the West. Unemployment soared to more than 10 percent in once-booming Ireland, France warned its public deficit will rise to a record level in 2009 and Australia reported its first quarterly economic ... more Wen declares China can ride out economic storm 
Beijing (AFP) March 5, 2009Premier Wen Jiabao confidently declared Thursday that China would be able to ride out the unprecedented challenges of a worsening global crisis and achieve eight percent economic growth this year. In his annual "state of the nation" address to open parliament, Wen gave the most detailed blueprint yet of a four trillion yuan (585 billion dollar) stimulus plan aimed at steering China throug ... more
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economy
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