BEIJING — China’s economic woes that have brought growth to a three-year low will continue for some time, but the slower expansion remains within expectations, Premier Wen Jiabao says. Wen said Chinese need to recognize the seriousness and complexity of the challenges the country faces. But he added that China’s economic fundamentals remain favorable,...
China removed a ship that ran aground on a disputed shoal off the Philippines before it could spark further maritime tensions in the South China Sea. By Jim Gomez, Associated Press A Chinese surveillance ship, which sailed between a Philippine warship and eight Chinese fishing boats to prevent the arrest of any fishermen in the...
China will cut taxes on the profits that foreign companies take out of the country by up to 50 per cent after rules on withholding taxes were relaxed to encourage more overseas investment. The move will also apply to dividends paid by Chinese listed companies to foreign shareholders through the Qualified Foreign Institutional Investor...
Japanese Ambassador Uchiro Niwa left China today to report to the government on recent developments concerning disputed islands in the East China Sea, public broadcaster NHK reported. Niwa told reporters at a Beijing airport that he would discuss with Foreign Minister Koichiro Gemba the recent intrusion of Chinese patrol ships into Japanese territorial waters,...
BEIJING (Reuters) – The number of Chinese mainland residents travelling overseas surged to 38.56 million in the first six months of 2012, a 19.75 percent increase on the same period a year ago, the official Xinhua news agency reported on Sunday. The top five travel destinations were Hong Kong, Macao, Taiwan, South Korea, and...
Editor’s note: Daniel Ikenson directs the libertarian Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies. (CNN) — Patriotism, it has been said, is the last refuge of scoundrels. Indeed, with 86% of the American public disapproving of Congress’ performance, refuge-seeking politicians have wrapped themselves in the flag to denounce the fact that...
REUTERS – Liu Xiang’s pullout from the final of the 110 metres hurdles at the London Grand Prix on Friday was just a precautionary measure and the back problem that forced the withdrawal does not pose any threat to his Olympic campaign, his coach said. The 2004 Olympic champion, who turned 29 on Friday,...
DEZHOU, China (USA TODAY) — At Utopia Garden, retiree Li Yuling likes the green space around his new apartment block and the solar panels that resemble a dragon in flight. At the Mangrove Garden apartments, Du Feng says the property managers handle all “green” issues, but he pledges to start a car-pool to work....
Business districts in Beijing and Guangzhou had the biggest increases in office occupancy costs globally in the first quarter, according to a report by CBRE Group Inc. (CBG), the world’s largest commercial realtor. Four other locations in the Asia-Pacific region – Shanghai’s Pudong district, Jakarta, Sydney and Bangalore – along with two areas in...
