Daily Archives: December 31, 2011

China indicts suspect in massive smuggling scandal

December 31, 2011

GILLIAN WONG Associated Press= BEIJING (AP) — Prosecutors said Friday they indicted a former fugitive at the center of China’s biggest corruption scandal and that he has confessed to bribery and smuggling. The move brings authorities a step closer to a conclusion in one of China’s most lurid, long-running corruption cases in which the...

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China’s 10 Most Important Business Stories Of The Year

December 31, 2011
China’s 10 Most Important Business Stories Of The Year

Patrick Chovanec China’s Top 10 Business Stories in 2011 China Data, Part 1A: More on Property Downturn Foreign Affairs: China’s Real Estate Crash As the year comes to a close, and we look forward to 2012, I continue the tradition I started last year and offer a brief look at the top stories that shaped China’s business...

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China rules protest village had ‘valid’ complaints

December 31, 2011

Residents of a village in southern China who became a thorn in the Communist Party‘s side when they protested for more than a week over land grabs had “valid” complaints, state media have reported. In a bold display of revolt against officialdom earlier this month, villagers in Guangdong province‘s Wukan faced off with authorities...

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China moving to more convertible yuan: central bank’s Zhou

December 31, 2011

Koh Gui Qing and Aileen Wang Reuters 8:12 a.m. CST, December 31, 2011

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China’s Hu lauds military promotion for young Kim

December 31, 2011

BEIJING | Sat Dec 31, 2011 9:53am EST BEIJING (Reuters) – Chinese President Hu Jintao sent congratulations to North Korea’s Kim Jong-un on Saturday on his appointment as supreme military leader, in Beijing’s most direct show of support for the young and untested successor to his father Kim Jong-il. Hu’s message, issued on the...

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China to Balance ‘Quick’ Growth With Inflation

December 31, 2011
China to Balance ‘Quick’ Growth With Inflation

Enlarge image China’s President Hu Jintao Joshua Roberts/Bloomberg Hu Jintao, China’s president. Hu Jintao, China’s president. Photographer: Joshua Roberts/Bloomberg China will balance “relatively quick” economic growth (CNGDPYOY) with inflation control in 2012, amid rising uncertainty about the world economic recovery, President Hu Jintao said in a speech today. The government will speed up economic...

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China: Overdue for a people’s revolt?

December 31, 2011
China: Overdue for a people’s revolt?

BOSTON — A history-making drive for freedom and for representative government swept much of the globe in 2011 but arguably the world’s most important country, China, remained on the sidelines, still firmly locked in the grip of one-party Communist rule more than half a century after the birth of the People’s Republic of China....

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Yearender: Great Plunge Downward: China’s oceanic research goes deeper

December 31, 2011

QINGDAO, Dec. 31 (Xinhua) — China made significant achievements and breakthroughs in its scientific ocean research in the past year — completing a one-year oceanic survey and launching two deep-sea manned submersibles — marking a leap-forward in the nation’s exploration of deep sea. RESEARCH VESSEL EXPEDITION COMPLETED On Dec. 11, the Dayang Yihao (“Ocean...

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China urges tighter Internet security after hacking attacks

December 31, 2011

SHANGHAI Dec 30 (Reuters) – The Chinese government is working with domestic Internet search engines like Baidu Inc and Sohu.com, and financial institutions to prevent phishing attacks on unsuspecting Chinese web users. The Ministry of Public Security said on Friday it would work with 10 Chinese search engines to protect the website rankings of...

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China Unveils Its Five Year Plan For Space

December 31, 2011
China Unveils Its Five Year Plan For Space

Image via Wikipedia The Chinese government has just released a white paper detailing its plans for the next five years in space, which it does every five years. The program has several goals that it wants to accomplish in the next five years, both with other countries and on its own. More Space Laboratories...

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