Daily Archives: January 1, 2012

China launches first 3D TV channel

January 1, 2012

BEIJING, Jan. 1 (Xinhua) — China’s first three-dimensional TV channel started trial broadcast on Sunday, according to the broadcaster, China Central Television (CCTV). The channel, China 3D TV Trial Channel, is jointly operated by CCTV and other five local TV stations in Beijing, Tianjin, Shanghai, Jiangsu and Shenzhen. People can watch 3D-effect programs with...

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China Manufacturing Index Rises Even Amid Threats to Growth

January 1, 2012

Jan. 1 (Bloomberg) — A Chinese manufacturing gauge rose by more than economists expected, suggesting that a slowdown in the world’s second-biggest economy may be stabilizing. The purchasing managers’ index was 50.3 in December from 49 in November, according to a statement today from the statistics bureau and China’s logistics federation. The reading exceeded...

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China manufacturing expands in December

January 1, 2012

China’s manufacturing unexpectedly rebounded in December on holiday shopping, official data showed Sunday, as the world’s number two economy showed some resilience despite strife in key export markets. The purchasing managers index (PMI) reached 50.3 in December, the China Federation of Logistics and Purchasing said in a statement. A reading above 50 indicates the...

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China’s quest for energy from Russia exposes history of distrust

January 1, 2012

MOSCOW — At exactly 48 minutes past midnight a year ago Jan. 1, Russia did something it had never done before: It began pumping oil to China across a 2,600-mile border that once bristled with tanks, troops and nerve-shredding tension. The oil flowed from eastern Siberia through a newly completed pipeline, the first such...

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China completes cross-border power transmission project with Russia

January 1, 2012

BEIJING, Jan. 1 (Xinhua) — State Grid Corporation of China (SGCC), the country’s largest power supplier, said Sunday it has put to trial operation a cross-border electricity transmission project in northeastern Heilongjiang province to supply Chinese with Russia’s electric power exports. The electric power SGCC purchased from Russia began reaching Chinese customers late Saturday...

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China’s PMI Climbs To 50.3, Beating Expectations And Easing Fears Of A Hard Landing

January 1, 2012
China’s PMI Climbs To 50.3, Beating Expectations And Easing Fears Of A Hard Landing

Image: blog.sina.com.cn See Also: MORGAN STANLEY: The Complete Guide To China’s Economy In 2012 And 2013 These 10 Countries Will Command World Trade In 2050 Here Are The Stories That Shaped China’s Economic Climate In 2011 BEIJING (AP) — China’s manufacturing index rose in December to 50.3 percent, a slight rebound after a greater-than-expected...

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China moving to more convertible yuan – c.bank’s Zhou

January 1, 2012

By Koh Gui Qing and Aileen Wang BEIJING | Sun Jan 1, 2012 3:11pm IST BEIJING (Reuters) – China’s central bank governor argued in comments published on Saturday that Beijing does not control the yuan’s flow across borders as tightly as some think and that it is natural for the currency’s trading band to...

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China TV Grows Racy, and Gets a Chaperon

January 1, 2012

The men boasted of their bank accounts, houses and fancy cars. The women were svelte and sassy, dousing suitors with acid putdowns. But mixed into the banter were trenchant social issues that urban Chinese from their 20s to 40s grapple with, if not always so publicly: living together before marriage, the unabashed pursuit of...

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Meizu MX launches today, lines dotted all over China as usual

January 1, 2012

MEIZU MX On Sale Across China Starting On January 1, 2012 HONG KONG – December 30, 2011 – MEIZU will begin selling its latest flagship device, the MEIZU MX, on January 1, 2012 in its retail stores across China. This highly anticipated smartphone has received a warm reception, with the market displaying great interest...

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China Pins Hopes on Public Housing

January 1, 2012
China Pins Hopes on Public Housing

By JAMES T. AREDDY in Chongqing, China, and BOB DAVIS in Beijing Building low-cost housing projects is part of the Chinese government’s plan to restructure its housing sector. But some say it’s a risky strategy for the already shaky real estate industry. One of the biggest public-housing projects in history will help determine whether...

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