HONG KONG – Premier Wen Jiabao is calling for Chinese economic policies to tilt a little more toward fostering growth, official media reported on Monday, in the latest sign of concern in China about a faltering in the country’s economic expansion. Speaking during a weekend trip to Wuhan in south-central China, Mr. Wen mostly...
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China Media News
China News
China’s Premier Open to Stimulus Steps
Jailed former Taiwan leader faces new charge
TAIPEI, May 21 (Xinhua) — Former Taiwan leader Chen Shui-bian faces a new charge of illegal possession of classified documents. Chen, already jailed for corruption, was charged on Monday of taking away with him classified documents when he left his post as the island’s leader, according to the special investigation division under the island’s...
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Trade, public anger sharpening Beijing-Manila spat
BEIJING (AP) — The monthlong standoff between China and the Philippines over a South China Sea shoal is snowballing with hints of economic retaliation and sharpening public opinion that are narrowing the space for a negotiated settlement. Beijing is suspending some tourism to the Philippines and stiffening inspections on Philippine fruit such as bananas,...
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China Urges Exiled Dissident to Follow Chinese Law
BEIJING – Chinese officials are calling on exiled dissident Chen Guangcheng to follow Chinese law, although they gave no details on whether authorities would allow the blind legal activist back into the country should he choose to return from the United States. Foreign Ministry spokesman Hong Lei Monday was asked if the Chinese government...
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Chinese cinema firm to buy AMC in $2.6-billion deal
A Chinese conglomerate took a big leap forward into the U.S. market late Sunday by acquiring AMC Entertainment Inc., the nation’s second-largest theater chain. It was the latest in a flurry of high-profile deals between the nations’ entertainment industries. Dalian Wanda Group said in a statement it had reached an agreement to acquire AMC’s...
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China opens vast rail system to private investment
By Lucy Hornby BEIJING May 21 (Reuters) – China’s railway industry will open to private investment on an unprecedented scale, according to a document issued this weekend by the Ministry of Railways, which is struggling with mounting debts and a corruption scandal while attempting to resolve the country’s infrastructure bottlenecks. Private investors will be...
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China Clears Google Purchase of Motorola
Authorities in China have approved Google’s bid to buy the phone maker Motorola Mobility, clearing the way for the $12.5 billion deal to close this week. But Chinese regulators attached a big condition: that Google’s Android operating system for mobile devices remain available at no cost for five years. The approval brings Google closer...
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Rare eclipse crosses Asia
The annular eclipse, in which the moon passes in front of the sun leaving only a golden ring around its edges, was visible in Asia early Monday. It then moved across the Pacific — and the international dateline — and was seen in parts of the western United States Sunday afternoon. In Japan, “eclipse...
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Taiwan’s Ma signals no China change as term starts
TAIPEI, Taiwan – Taiwan’s president began his second term Sunday and signaled he will maintain a China policy that has reduced tensions between the sides, offering Beijing little early hope of realizing its long-term goal of unification. Speaking at a low-key inaugural ceremony in Taipei’s ornate presidential office building, Ma Ying-jeou hewed to the...
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China Will Speed Up Approvals for Qualified Foreign Investors
China will work to speed up approvals of qualified foreign institutional investors looking to buy into its domestic securities, as part of reforms aimed at adding depth to the country’s capital markets. China’s foreign exchange regulator has approved $26 billion in QFII quotas for 138 qualified investors as of May 16, according to a...
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