Daily Archives: July 31, 2012

China aims to land probe on moon next year

July 31, 2012

BEIJING (Reuters) – China aims to land its first probe on the moon in the second half of next year, state media reported on Monday, the next step in an ambitious space progamme which includes building a space station. In 2007, China launched its first moon orbiter, the Chang’e One orbiter, named after a...

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China wins men’s gymnastics gold

July 31, 2012

LONDON — Their closest rivals were still on the floor competing when the Chinese whipped out five big gold stars and held them up in the shape of their flag. Why wait? The Chinese won their second straight Olympic title in men’s gymnastics and third in four games in a rout Monday, making fools...

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China tests powerful rocket booster for new engine

July 31, 2012

China tested a new rocket engine Sunday for a more powerful, next-generation booster that will be used to help the country construct its first space station in orbit, and for future missions to explore the moon, according to news reports. The new liquid oxygen (LOX) and kerosene engine is being designed for China’s planned...

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China calls for private investment in key fields

July 31, 2012

BEIJING — China’s government said Monday it will launch projects to attract private investment in energy, health and other industries as it tries to reverse an economic slump. The Cabinet announcement adds to a flurry of efforts to stimulate growth that has fallen to a three-year low, raising the threat of job losses and social...

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China Pool Prodigy Churns Wave of Speculation

July 31, 2012

On Saturday night, Ye not only shattered the world record in the 400 individual medley, winning gold in 4 minutes 28.43 seconds, she also swam the final 50 meters faster than Ryan Lochte did in winning the men’s race. On Monday, Ye returned to the pool and set an Olympic record of 2:08.39 in...

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Communists Expand China Youth Outreach as Leadership Shift Looms

July 31, 2012
Communists Expand China Youth Outreach as Leadership Shift Looms

When China’s Communist Youth League celebrated its 90th birthday, it employed a tactic unavailable to President Hu Jintao when he used the organization to propel his career: a microblog promotion. Kids were urged to post “micro-stories” online in May, sharing cherished moments in the Communist Youth League, with the best submissions to be compiled...

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China Opens Biggest Bond Market to More Overseas Investors

July 31, 2012

China allowed more international investors to buy bonds on the nation’s largest debt market and purchase higher-yielding notes for the first time, as the world’s second-biggest economy develops its capital markets. Participants in the Qualified Foreign Institutional Investor program are now allowed to buy bonds on the interbank market, the China Securities Regulatory Commission...

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China-focused fund manager settles with SEC

July 31, 2012

WASHINGTON (Reuters) – A hedge fund manager known for his bullish bets on Chinese companies and two of his firms agreed to pay $1.1 million to settle charges by U.S. securities regulators that he traded on inside information and misled investors. The Securities and Exchange Commission on Monday said Peter Siris, who consults for...

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China Wins Olympic Men’s Synchronized 10-Meter Platform Diving

July 31, 2012

(Bloomberg) — China won the Olympic men’s synchronized 10-meter platform diving, extending its lead in the gold-medal standings over the U.S. Yuan Cao and Yanquan Zhang, the youngest competitors today, scored 486.78 in the event at the Aquatics Centre in London. Their final winning dive included 2 1/2 somersaults and 2 1/2 twists and...

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