Chinese regulators, seeking to arrest a 14 percent slide in the nation’s stock market since this year’s high on March 2, reduced transaction fees on equities trading by 20 percent. The reduction will take effect Sept. 1 and save investors 600 million yuan ($94 million) in transaction-related fees in the final four months of...
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China Media News
Daily Archives: August 3, 2012
China Cuts Transaction Fees for Share Trading
China gets another table tennis gold
LONDON — China has won two gold medals in two days in Olympic table tennis — both in all-China finals. In other sports, or from other nations, that would be cause for chest-bumping, high-fiving raucous celebrations. At least a few smiles. There was almost none of that Thursday from Zhang Jike, who defeated teammate...
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China Wins Men’s Synchronized 3-Meter Springboard Event
Once again at the London Olympics, China stood on the top of the platform again, winning the men’s 3-meter springboard synchronized event. After the second round of diving, China’s gold medal seemed secure. As the nerves settled, it was up to the other teams to determine who else would make the podium. Gold The...
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North Korea’s Kim tells China, economy a priority
BEIJING (Reuters) – North Korea’s new young leader, Kim Jong-un, told a Chinese official that his government is focused on “developing the economy and improving people’s livelihoods,” China’s official news agency reported late on Thursday. Kim’s comments to the visiting Chinese official, Wang Jiarui, were the latest sign that the new young leader aims...
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Indonesia Working to Soothe South China Sea Tensions
WASHINGTON — In all the anger over rival claims to the South China Sea, Indonesia has emerged as a voice of calm, working to mediate a dispute involving China, Vietnam, the Philippines, Taiwan, and Malaysia. Chinese patrols in waters that Vietnam and the Philippines also claim have heightened tensions in the mineral-rich South China...
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Yang: What London’s Olympics reveal about China
By DAVID YANG, Foreign Policy magazine BEIJING — The opening ceremony of the London Olympics aired at 4 a.m. Saturday morning Beijing time. Despite the early hour, more than 100 million Chinese stayed up to watch the show, including Xu Jicheng, a journalist who previously worked as deputy director of media operations for Beijing’s...
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An Italian Job for China Railway Construction
Associated Press AC Milan’s midfielder Kevin Prince Boateng, right, tackles Inter Milan’s midfielder Thiago Motta during their Italian Super Cup final game held at China’s National Stadium, also known as the “Bird’s Nest”, in Beijing, China, Saturday, Aug. 6, 2011. China’s state-backed railway builder will be constructing a new stadium for one of Italy’s...
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China Railway in talks to build new Inter Milan stadium
By Lisa Jucca MILAN (Reuters) – China Railway Construction Corp is in talks with Inter Milan to build a new stadium in Italy’s financial capital in a move that would allow the Italian premier league soccer club to have its own home and make money out of it. But the two sides gave conflicting...
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China’s Yu quits sport over badminton debacle
By Alison Williams LONDON (Reuters) – Disgraced Chinese badminton player Yu Yang has quit the sport after being disqualified from the Olympics along with seven other women for deliberately trying to lose to secure an easier draw in the knockout rounds. The debacle has cast a shadow over the action, which will see Michael...
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In China, Manufacturing Growth Still Slumps
China’s official factory purchasing managers’ index slipped to 50.1 points in July, a slight drop from June’s reading of 50.2 points and the lowest figure in eight months, according to the National Bureau of Statistics. The figures showed that while factory output was growing slightly, new orders and exports were declining. A reading above...
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