U.N. leader Ban Ki-moon called for rapid, unified action by the Security Council on Syria as he arrived in Beijing on Tuesday as part of a diplomatic push to get Russia and China to back a tougher response to attacks by President Bashar Assad’s regime. Ban’s trip comes ahead of a U.N. Security Council...
BEIJING — Premier Wen Jiabao said Tuesday China’s employment situation “will become more complex and severe” and promised to generate jobs, according to a Cabinet statement, adding to suggestions Beijing might launch new stimulus efforts. Speaking at a Cabinet meeting, Wen promised to help small companies and improve vocational education and training for farmers, the...
BEIJING (UPI) — China says its fishery authorities Monday ended a weeklong patrol near a group of islands in the East China Sea that are claimed both by China and Japan. The islands incident, which last week became a diplomatic incident with Japan, involved Chinese fishing vessels. Japan said the fishing vessels had briefly...
China, the largest foreign U.S. creditor, boosted its holdings of government securities in May to the most in six months as the American economy stalled and Europe’s sovereign-debt crisis deepened. Chinese holdings rose 0.4 percent to $1.1696 trillion, Treasury Department data released yesterday show. Those of Japan, the U.S.’s second-largest lender, rose 1.4 percent...
BEIJING (Reuters) – China needs investment to bolster flagging economic growth but spending must be adjusted to avoid waste, state-run Xinhua said on Tuesday, citing comments from a parliamentary meeting that signaled Beijing’s intent to raise spending to lift activity. The meeting of lawmakers who oversee economic issues was quoted as reaching the conclusion...
By Chen Aizhu BEIJING (Reuters) – CNOOC, China’s top offshore oil producer, said on Tuesday a tender issued last month to invite firms to bid for oil and gas blocks in the South China Sea is progressing well, attracting interest from companies including from some U.S.-based ones. The state-run firm in late June invited...
BEIJING (Reuters) – China’s bid to energize a stuttering economy by cutting interest rates twice in a month and making it more attractive for banks to take risks on private sector borrowers is falling flat with the most country’s most dynamic job generators — smaller firms. Twin moves to cut and deregulate interest rates...
China recently spent about US$160 million buying licensed software for use in its central and provincial government offices, as part of ongoing efforts to weed out piracy in the nation’s government departments. The country has been plagued by software piracy, and since 2001 has been encouraging government offices to use licensed software. At the...
