Daily Archives: July 22, 2012

Heaviest rain in 6 decades thrashes Beijing, leaving 4 dead

July 22, 2012
Heaviest rain in 6 decades thrashes Beijing, leaving 4 dead

BEIJING (Xinhua) — The heaviest rain in 61 years that lashed Beijing Saturday have left at least four people dead and six others injured, local authorities said. Two people were killed and six others injured as strong winds toppled rooftops in two villages in the city’s suburban Tongzhou district, the Beijing Emergency Medical Center...

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China Appeals to WTO Over Decision on US Steel

July 22, 2012

China has appealed a World Trade Organization panel’s finding that it has been unfairly imposing tariffs on a high-technology U.S. steel product. The Chinese Ministry of Commerce said in a statement posted on its website late Friday that the WTO panel’s report, issued in June, failed to properly interpret relevant regulations. China asked a...

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China to probe U.S., South Korean solar materials imports

July 22, 2012

By Michael Martina and Leonora Walet BEIJING/HONG KONG (Reuters) – China will open investigations into imported U.S. and South Korean solar-grade polysilicon, the country’s trade ministry said on Friday, in the latest instance of growing tensions between major solar manufacturers. The Ministry of Commerce said that it would open anti-dumping and anti-subsidy probes on...

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China, African nations vow cooperation after talks

July 22, 2012

BEIJING — Chinese Foreign Minister Yang Jiechi said Friday that talks with his African counterparts at a Beijing forum were a success and they outlined plans for future cooperation between China and African nations. Yang said after three days of meetings that the Forum on China-African Cooperation sent a “strong signal” about the unity...

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ASEAN urges South China Sea pact but consensus elusive

July 22, 2012

By Prak Chan Thul and Olivia Rondonuwu PHNOM PENH/JAKARTA (Reuters) – Southeast Asian states sought to save face on Friday with a call for restraint and dialogue over the South China Sea, but made no progress in healing a deep divide about how to respond to China’s growing assertiveness in the disputed waters. After...

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China’s Baotou plans to start rare earths trading exchange

July 22, 2012

SHANGHAI (Reuters) – China’s Baotou Steel Rare-Earth Hi-Tech will join six other firms to invest a total of 70 million yuan ($10.98 million) to start a rare earths trading platform in early August, the firm said in a statement late on Friday. Each shareholder will invest 10 million yuan and hold around 14.29 percent...

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U.S. Missile Shield May Make China Build Better Missiles

July 22, 2012

China has bet the security of its billion citizens largely around one weapon system: missiles. Which is why planned U.S. advancements to Washington’s mobile missile shield is freaking Beijing out. Its military chiefs figure they need to upgrade their own cache of various missiles or risk losing the ability to deter the U.S. Navy...

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China Foreign Deals Must Obey Market Principles, Regulator Says

July 22, 2012

Chinese companies making foreign acquisitions must obey market principles, follow “international rules of the game” and play down national interest, the nation’s foreign-exchange regulator said. With China facing a window of opportunity to venture overseas, businesses must bear in mind return on investment, costs and cash flow, Yi Gang, head of the State Administration...

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China releases South Korean human rights activists

July 22, 2012

SEOUL, South Korea — South Korea says China has released four South Korean human rights activists detained since March for allegedly undermining China’s state security. Foreign Ministry spokeswoman Han Hye-jin said the activists returned home Friday after a diplomatic push by Seoul. Yonhap News Agency says China arrested the activists while they were discussing...

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Apple’s latest iPad makes low-key debut in China

July 22, 2012

SHANGHAI (Reuters) – Apple Inc staged a low-key launch of its latest iPad in China on Friday, free of the chaotic scenes that plagued the tech darling’s previous product debuts in its most promising growth market. The calm, orderly queues in Shanghai and Beijing came as a surprise to many Apple fans in China,...

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