Daily Archives: July 1, 2012

President Hu attends HKSAR’s 15th anniversary celebrations

July 1, 2012
President Hu attends HKSAR’s 15th anniversary celebrations

HONG KONG, July 1 (Xinhua) — President Hu Jintao attended a gathering here for the 15th anniversary of Hong Kong’s return to China and the swearing-in ceremony of the fourth-term government of the Hong Kong Special Administrative Region (HKSAR) Sunday morning. Hu, arriving in Hong Kong Friday, was present at the inauguration ceremony in...

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China widens pension coverage as population ages

July 1, 2012

SHIJIAZHUANG, July 1(Xinhua) — China on Sunday launched a campaign aiming to provide pension insurance to all rural residents and unemployed citizens in order to help the country cope with its aging population. “We must ensure that the new pension insurance system covers all rural residents and unemployed urbanites by the end of this...

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China Says Preparations on Track for Party Meeting

July 1, 2012

China said Sunday that preparations are going smoothly for a major Communist Party meeting at which the country’s top leaders will changed, even though the once-a-decade transformation has been overshadowed by a political scandal. An editorial in the party newspaper, the People’s Daily, said arrangements for the party congress are under way. “The preparation...

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Quake rocks northwest China

July 1, 2012

BEIJING, June 30 (UPI) — A 6.6-magnitude earthquake in China’s Uighur Autonomous Area destroyed 104 houses Saturday, blocked roads and killed hundreds of cattle, officials said. The China Earthquakes Network Center said the epicenter was in Xinjiang province near the border with Hejing and Xinyuan, Xinhua, China’s official government news agency, said. The quake...

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China hires tens of thousands of North Korea guest workers

July 1, 2012

SEOUL — China is quietly inviting tens of thousands of North Korean guest workers into the country in a deal that will provide a cash infusion to help prop up a teetering regime with little more to export than the drudgery of a desperately poor population. The deal, which has not been publicly announced...

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China June Official PMI Hits 7 Month Lows

July 1, 2012
China June Official PMI Hits 7 Month Lows

China’s factory downturn worsened in June as a key activity index hit seven-month lows, data expected to fuel expectations the central bank may seek more policy easing to kick-start an economic recovery. China’s official purchasing managers’ index (PMI) fell to 50.2 in June, above expectations but down from 50.4 in May, the National Bureau...

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