BEIJING (Reuters) – Chinese Premier Wen Jiabao defended his country’s extensive oil trade with Iran against Western sanctions pressure in comments published on Thursday, and yet also warned Tehran against any effort to acquire nuclear weapons. Wen spoke on Wednesday at the end of a six-day visit to the Middle East, against a backdrop...
The Post MostMost-viewed stories, videos, and galleries in the past two hours Most Popular A snapshot of our times 10 reasons the U.S. is no longer the land of the free SOPA and PIPA: The wrong tools to combat online piracy In schools, self-esteem boosting is losing favor to rigor, finer-tuned praise In Syria,...
By Fang Xuyan and Lea Yu BEIJING ( Caixin Online ) — For the eleventh year in a row, Chinese officials say they cannot publish the nation’s Gini coefficient — a common measure of income inequality used worldwide. The main reason, National Bureau of Statistics Director Ma Jiantang said Jan. 17, is that data...
IDG News Service — China plans to require users of the country’s Twitter-like microblogs to register with their real identities, and has already begun trials of the system in five cities, according to a Chinese official. The real-name registration marks the latest attempt by Chinese authorities to tighten control over the country’s social networking...
For Chinese shipping executive Ping Bo buying gold is the best way to protect his family’s wealth and give his 10-year-old son a headstart into adulthood. “For my son, the idea is that he will get a nice stash of gold that he can cash out when he turns 21 or when he gets...
By Kelvin Soh and Stephen Aldred HONG KONG | Thu Jan 19, 2012 10:15am GMT HONG KONG (Reuters) – China is filling a lending vacuum in Asia as European banks limp home to preserve capital, and is making sure loans have spin-off benefits for Chinese manufacturers and exporters, even at the expense of the...
Obama drags Middle East baggage to AsiaJan 13, ’12 Iran sanctions biteJan 10, ’12
Enlarge image The People’s Bank of China Nelson Ching/Bloomberg The People’s Bank of China has also said that 30 percent of full-year lending should be in the first quarter, with the same amount in the second and 20 percent in each of the final two quarters, the people said. The People’s Bank of China...
NEW DELHI, Jan. 18 (UPI) — India and China agreed to establish a working mechanism for consultation and coordination on border disputes unresolved since their 1962 war, officials said. The two Asian nuclear powers signed an agreement in New Delhi for maintaining peace and tranquility along their border, which has remained tense in recent...
BEIJING (Reuters) – Foreign direct investment in China rose 9.7 percent in 2011 to a record $116 billion, though December’s inflow of $12.24 billion was down 12.7 percent versus year-ago levels, the Commerce Ministry said on Wednesday. It was the second consecutive month that China’s non-financial foreign direct investment (FDI) fell versus year-ago levels,...
