Daily Archives: July 19, 2012

Chinese President calls for bigger UN role in int’l affairs

July 19, 2012
Chinese President calls for bigger UN role in int’l affairs

Chinese President Hu Jintao (R, front) meets with UN Secretary-General Ban Ki-moon (L, front) in Beijing, capital of China, July 18, 2012. Ban is in Beijing for an official visit from July 17 to 19, as well as to attend the opening ceremony of the fifth Ministerial Meeting of the Forum on China-Africa Cooperation...

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China pushes its Africa trade ties

July 19, 2012

BEIJING — China touted its close relations with Africa on Wednesday ahead of talks with the continent’s senior officials, even as some African countries grumble about problems that come from being locked in a tight embrace with the resource-hungry Asian economic power. Commerce Minister Chen Deming wrote in the China Daily newspaper that total...

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China’s property market rebounds

July 19, 2012

Beijing (Financial Times) — China’s property market rebounded in June, with housing prices rising in many of the country’s major cities for the first time in a year following government moves to stimulate the economy. A sluggish real estate sector has been the biggest drag on Chinese growth, so an increase in prices is...

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Missile shield may spark China nuclear upgrade: officer

July 19, 2012

VIENNA (Reuters) – China may need to modernize its nuclear arsenal to respond to the destabilizing effect of a planned U.S.-backed missile defense system, a senior Chinese military officer said on Wednesday. “It undermines the strategic stability,” said Major General Zhu Chenghu of China’s National Defense University about the U.S.-led development of a missile...

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China: Challenges to economic growth noted

July 19, 2012

BEIJING (UPI) — China’s slowing economic growth is “an uncomfortable ebbing,” for the country, the official Xinhua news agency said Thursday. Citing the second quarter’s 7.6 GDP growth, a Xinhua news analysis said it was sharply down from 9.5 percent a year earlier and half a percentage point below 8.1 percent in the first...

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China’s Big Win

July 19, 2012
China’s Big Win

Maneuverings at ASEAN over South China Sea Dispute Leaves Hard Feelings China scored a diplomatic win this past week when foreign ministers of the Association of Southeast Asian Nations failed to agree on a unified approach to the territorial disputes in the South China Sea. But Beijing’s win wasn’t unqualified. The fervor of the...

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China’s Wen Warns of Severe Job Outlook as Growth Yet to Rebound

July 19, 2012

Premier Wen Jiabao said China’s labor situation will become more “severe,” underscoring concern that the weakest economic growth since 2009 will lead to increasing job losses. The government will continue to implement a more “proactive” labor policy, Wen said yesterday at a government meeting on employment, according to a statement posted on the central...

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China says Great Wall is longer than previously thought

July 19, 2012

HAIZIGOU, China — Zhang Lingmian was collecting walnuts in the countryside north of Beijing last autumn when a friend from a nearby village mentioned a mysterious structure in the mountains that had stumped locals. The retired cultural heritage official and his friend scampered uphill for two hours, whacking their way through the brambles after...

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China local government platforms make comeback

July 19, 2012

By Zhang Yuzhe BEIJING ( Caixin Online ) — China’s local government financing platform companies are making a comeback in the bonds market, but experts say the best way to let local governments raise funds is to let them directly issue bonds. In the first half of the year, more than 60 platform companies have...

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In China, some find ways to beat one-child policy

July 19, 2012
In China, some find ways to beat one-child policy

Outside of Beijing, China (CNN) — Something isn’t quite right with this picture. There seem to be too many children here. Isn’t this the country famed for its one-child policy? Aren’t their big fines and penalties for having that second child? A man is watching two children play. “Are these children yours?” we ask....

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