From Reuters via the Washington Post: The Vatican will move to resume relations with China after more than half a century if religious freedom is allowed but it will not abandon China’s diplomatic rival Taiwan, an official said on Tuesday. The Vatican, which Taiwan sees as an important ally as it fights for international legitimacy […]
Read MoreFrom The Wall Street Journal: Chinese authorities have granted Amway Corp. and Mary Kay Inc. direct-selling licenses, ending a years-long wait by the two U.S. companies. The licenses were granted Friday, according to a statement posted on the Ministry of Commerce Web site. An Amway China representative confirmed the approval. A spokesman for Mary Kay […]
Read MoreFrom Financial Times: China has barred local newspapers from publicly issuing shares following a corruption scandal last year at IPO pioneer Beijing Youth Daily, according to the sector’s top regulator. However, the government was “encouraging” book publishing companies to list shares on stock markets in mainland China and Hong Kong, said Long Xinmin, minister at […]
Read MoreFrom Financial Times: China’s home-grown “third generation” mobile telephone technology is finally ready for large-scale commercial use, according to ZTE, the country’s second largest telecoms equipment manufacturer. Yin Yimin, ZTE president, told the Financial Times that equipment based on the Beijing-backed standard for 3G telecoms services could now operate comparably with that of the rival […]
Read MoreFrom Xinhua: A team of 30 Chinese and foreign scientists have failed in a 26-day search to find the rare white-fin dolphin in the Yangtze River. The white-fin dolphin is more endangered than the giant panda due to the pollution and environmental degradation, said Wang Ding, vice director of the hydrobiology institute of the Chinese […]
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