From the Russian Information Agency Novosti: “Russia is China’s main strategic partner,” member of the Chinese State Council Tan Zixiang told Russian President Vladimir Putin. Therefore, Russia is the first country with which China will hold regular interstate consultations in the security sphere, Mr. Tan Zixiang added. “We made this decision because we share common […]
Read MoreFrom the Financial Times: Japan has raised the possibility of exploring for oil and gas around the Senkaku islands, where sovereignty is contested by Japan, China and Taiwan, in a move that appears aimed at raising the stakes in Tokyo’s dispute with Beijing over energy resources. ADVERTISEMENT Tokyo recently earmarked Y10bn (¬£51m) for construction of […]
Read MoreFrom the Christian Science Monitor: China is a country on the move – this month especially. The nation’s trains, highways, and airplanes will handle an estimated 1.8 billion passenger trips over the next month as part of Spring Festival, a holiday of homecoming tied to the Chinese New Year. For hundreds of thousands of Chinese […]
Read MoreThis is a transcript from ABC’s The World Today: KAREN PERCY: A rare insight today into a touchy subject in a notoriously secret nation: corruption in China. Official sources say that more than 40 officers in one of China’s poorest provinces, have been implicated in a billion-dollar corruption scandal. China’s Xinhua newsagency says that an […]
Read MoreFrom The Standard: The developer of the giant Three Gorges hydroelectric project and the mainland’s top environmental regulator are on a collision course that could determine whether Beijing is serious about cracking down on the country’s worsening environmental problems. If the State Environmental Protection Administration (SEPA) wins its struggle with China Three Gorges Project Corp, […]
Read MoreFrom AP, via the CInternational Herald Tribune: A U.S. envoy and a senior Chinese general held talks Monday and Tuesday on building closer military ties between Beijing and Washington amid tensions over Taiwan. China has described the two days of talks as the first dialogue of its kind with Washington on defense policy. The talks […]
Read MoreVia Yahoo! News: The China Three Gorges Project Corporation is refusing to obey a government edict to halt construction of the massive Xiluodu dam and could opt to pay fines instead of complying, state press said. The builder of the Three Gorges Dam, the world’s largest hydroelectric project, has not abided by a January 18 […]
Read MoreFrom Xinhuanet: China’s environmental watchdog announced Thursday a list of 46 thermal power plants that posed a threat to the environment because they lacked desulfurization equipment. The plants, mostly located in Shandong, Henan and Shanxi provinces, are among the 137 desulfurization projects planned in the country’s acid rain and sulfur dioxide control regions covering 1.09 […]
Read MoreFrom Reuters AlertNet: China’s environmental watchdog, flexing its limited muscles to try to clean up industry, may take the operators of the Three Gorges Dam, the world’s largest hydroelectric project, to court, state media said on Tuesday. The State Environmental Protection Administration (SEPA) has told the state-owned Yangtze River Three Gorges Project Development Corp. it […]
Read MoreFrom Xinhuanet: Expecting another year of grain yield shortfall, China will make efforts to fill the gap by enhancing the productivity of its farmland and increasing grain import, a financial official said Monday. Chen Xiwen, deputy director of the Office of the Central Financial Work Leading Group, said at a press conference in Beijing that […]
Read MoreFrom the Taipei Times: Last Friday’s speech by the fourth-ranked Chinese Communist Party (CCP) leader, Jia Qinglin (Ë≥àÊÖ∂Êûó), clearly demonstrates that China still does not understand Taiwan. Although it was a major statement commemorating the 10th anniversary of former Chinese president Jiang Zemin’s (ʱüÊæ§Ê∞ë) so-called Eight Points, the speech said little that was new. Other […]
Read MoreFrom the Business Report: China’s largest Internet search engine, Baidu.com, is preparing to issue shares in New York, hoping to raise more than $200 million (R1.19 billion), the Financial Times newspaper reported on Tuesday. Beijing-based Baidu.com refused comment on the report, which said the company may have appointed investment banks Credit Suisse First Boston and […]
Read MoreFrom AP, via the Washington Post: China’s banking regulators on Monday ordered the Bank of China to improve its risk controls and thoroughly investigate a case of suspected fraud that state media reports said may involve funds worth more than 1 billion yuan ($120 million). The China Banking Regulatory Commission said it was cooperating with […]
Read MoreFrom the Asia Times Online: The slow, arduous exodus of North Koreans such as Ms Moon, 34, who wants to go to South Korea, is posing increasingly vexing diplomatic conundrums between South Korea and China, as both nations grapple with North Korea’s decay and the resulting, unwanted fallout for Beijing and Seoul. “Honestly, most families […]
Read MoreFrom AP, via Yahoo! News: U.S. entertainment company Warner Brothers Entertainment Inc. agreed Monday with a local partner to build multiplex cinemas in cities across China, the government said. Details on the deal with Shenzhen International Trust and Investment Co. Ltd. were not released, but the official Xinhua News Agency said Warner would have a […]
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