Daily Archives: January 23, 2012

Furniture dealer makes fortune from China-Vietnam trade

January 23, 2012

PINGXIANG, Guangxi, Jan. 23 (Xinhua) — When millions of Chinese rushed home for Spring Festival, Wu Xingqiang chose to stay put 1,600 km away from his hometown on Monday, the start of Chinese New Year. Wu needed to look after his rosewood furniture store in Pingxiang, a bustling trade town on the China-Vietnam border....

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Buffett Sings for New Year Gala as China Welcomes Year of Dragon

January 23, 2012

Jan. 23 (Bloomberg) — Billionaire Warren Buffett strummed the ukulele, singer Leehom Wang played a dragon-shaped guitar and Premier Wen Jiabao visited oil workers as China ushered in the Lunar New Year. Buffett and Wang’s acts were part of China Central Television’s annual New Year’s gala, one of the world’s most- watched programs, that...

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China reports second bird flu death in a month

January 23, 2012

BEIJING — China on Sunday reported its second bird flu fatality in a month following deaths last week in Vietnam and Cambodia. The patient died Sunday in Guizhou province in the southwest after being hospitalized on Jan. 6, the health ministry said in a brief statement. It said the flu was highly pathogenic but...

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Modern China’s Spiritual Crisis: Does it Exist?

January 23, 2012

China was founded to ensure survival, not as an Earthly manifestation of God’s moral covenant with Man, the latter blessed with a divine right to pursue happiness. Indigenous schools of Chinese philosophy — Daoism, Confucianism, and Legalism — are mechanistic, concerned with values as a means to an end — that is, social and...

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In Defense of China’s GDP Data

January 23, 2012
In Defense of China’s GDP Data

Reuters Is something wrong with China’s 2011 GDP data? A solid outcome for China’s gross domestic product in 2011 – 9.2% growth despite fears of a sharper slowdown – has panda hunters reaching for their flamethrowers. Derek Scissors of the Heritage Foundation is leading the pack, suggesting that China’s numbers cannot be trusted. In...

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China Snow Snarls World’s Biggest Migration

January 23, 2012
China Snow Snarls World’s Biggest Migration

Enlarge image China Snowfalls Hamper Biggest Human Migration for New Year Qilai Shen/Bloomberg Passengers wait to board trains at the Hongqiao Train Station in Shanghai on Jan. 19, 2012. The week-long Lunar New Year holiday kicks off on Jan. 23. Passengers wait to board trains at the Hongqiao Train Station in Shanghai on Jan....

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China: has the fire gone out of the dragon for investors?

January 23, 2012

Observers are split into two camps – those forecasting a soft landing and others who fear a major crash. But with GDP growth expected to be about 8pc this year, investment houses in the region are pretty upbeat. Philip Ehrmann, the manager of Jupiter China, remains defiant; his fund has recovered in the past...

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China restores 23,000 hectares of wetlands

January 23, 2012

BEIJING, Jan. 22 (Xinhua) — China restored 23,000 hectares of wetlands in 2011, according to the latest figures from the State Forestry Administration (SFA). An SFA spokesman said China reinforced wetland protection in 2011 by increasing subsidies in protecting wetlands. In the year the country carried out 42 wetland protection projects, increased 330,000 hectares...

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China Snow From Xinjiang to Sea Snarls World’s Biggest Migration

January 23, 2012

Jan. 23 (Bloomberg) — Heavy snow and rain that pummeled a swath of China extending from central Asia to the coast will continue into today, disrupting transport as the Lunar New Year holiday spurs the world’s biggest annual human migration. The China Meteorological Administration reported on its website as of 10 a.m. local time...

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China Hedges Mideast Oil Bets Amid Iran Tensions

January 23, 2012

China’s premier, Wen Jiabao, was in the Persian Gulf this week talking about oil. China has become increasingly concerned about all the threats of conflict with Iran in the Persian Gulf, which supplies China with a great deal of its oil. In fact, China is Iran’s biggest customer. But Iran was not a stop...

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