TAIPEI, Taiwan (AP) — Taiwan’s economy contracted 0.2 percent in the second quarter from the year before as demand faded for the island’s mainstay electronics exports. The government lowered its growth forecast for 2012 for the seventh time in just over a year. The Directorate General for Budget, Accounting and Statistics said Tuesday that...
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China Media News
Daily Archives: August 1, 2012
Taiwan economy contracts 0.2 percent in 2Q
Nebraska gov signs agreement with Chinese province
XI’AN, China — Nebraska has entered a “sister state” relationship with a central Chinese province that could lead to future trade opportunities. Gov. Dave Heineman signed the agreement Tuesday with leaders of Shaanxi, a province with more than 37 million people. Nebraska Department of Economic Development Director Cathy Lang says the agreement is important...
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China calls US report on religion biased, ignorant
BEIJING (AP) — China said Tuesday that a U.S. report describing repression of religion in China and elsewhere is a political tool based on groundless accusations that displays Washington’s arrogance and ignorance. The annual State Department report released Monday highlighted what it said was a lack of religious freedom in China as well as...
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S. Korea, China agree on fishing quota in exclusive waters
SEOUL (Yonhap) — South Korea and China have agreed to cut back on fishing in each other’s exclusive economic zones (EEZs) next year in a bid to preserve maritime resources, the farm ministry here said Tuesday. Under the agreement reached during a fishery cooperation meeting in Hunan last week, both sides set next year’s...
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Taiwan government cuts 2012 GDP growth target to 2.08%
Taipei (CNA) Taiwan has cut its official forecast for the country’s gross domestic product (GDP) growth in 2012 to 2.08 percent, from a previous estimate of 3.03 percent, amid a weakening global economy. Taiwan’s economic growth contracted 0.16 percent in the second quarter from the same period a year earlier, below an earlier estimate...
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Hong Kong pushes ahead with patriotism classes
Hong Kong pushes ahead with patriotism classes HONG KONG: Hong Kong on Monday vowed to push ahead with patriotism classes despite mass protests over what parents and teachers call Chinese brainwashing. Chief Executive Leung Chun-ying offered a new round of consultations with parents after up to 90,000 people protested against the plans at the...
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‘Olympic panda’ born in SW China
CHENGDU – Veterinarians in southwest China’s Sichuan province said a 20-year-old panda gave birth to the panda research center’s first cub of the year on Saturday, the first day of the 2012 Olympic Games. The male cub was born to female panda Li Li, already a mother of four, at 11:20 p.m. in the...
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Shell plans to invest over $500 million on China shale, tight gas play in 2012
Shell plans to invest over $500 million this year drilling in shale gas and tight gas acreage in China, its chief financial officer Simon Henry said in an analyst call during its second quarter results announcement Thursday. “There are several plays in our portfolio with PetroChina. We have two in Sichuan province in the...
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Government mulling possibility of exchanging cross-strait offices
Taipei, July 30 (CNA) The government has been reviewing relevant laws and regulations in preparation for the exchange of “overall offices” across the Taiwan Strait at some point in the future, the head of the Mainland Affairs Council (MAC) said Monday. The establishment of such offices by Taiwan and China in each other’s countries...
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Taiwan GDP Shrinks as Slowdown Seen From Japan to Korea: Economy
Taiwan’s economy unexpectedly shrank, South Korean output fell and a Japanese manufacturing gauge reached the lowest level since the wake of the 2011 earthquake, adding to the case for expanded stimulus policies in Asia. Gross domestic product in Taiwan fell 0.16 percent in the second quarter from a year earlier, according to preliminary data...
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