Tag: China

• Monday, March 14th 2011 - 06:45 UTC

  China working to become a leading defence-industrial power, says British report

  

  China has set its sights on joining the ranks of the world's leading defence-industrial powers, amid growing concerns in India over Beijing's recent assertiveness and its change in policy towards New Delhi's row with Pakistan over Kashmir, according to a top UK think tank.

• Thursday, March 10th 2011 - 21:20 UTC

  Rare trade deficit in China; conflicting opinions as to the reasons

  

  Chinese trade figures released Thursday show a surprising deficit for February, as export growth slowed and import numbers remained strong. Chinese statistics released Thursday show that the country registered a trade deficit in February of 7.3 billion US dollars.

• Thursday, March 10th 2011 - 20:30 UTC

  China rules out multi-party democracy and western style political reforms

  

  A senior Chinese leader says his country will not become a multi-party democracy or adopt other Western-style political reforms. Wu Bangguo - officially number two in the leadership structure - warned that China could face civil disorder if it abandoned its current system.

• Thursday, March 10th 2011 - 06:34 UTC

  China scrambles to secure long-term uranium supplies for 84 nuclear plants

  

  China’s scramble to secure long-term uranium supplies to support the rapid expansion of its nuclear power industry has led the state-owned CGNPC Uranium to make a 1.23 billion US dollars takeover bid for London-listed Kalahari Minerals.

• Wednesday, March 9th 2011 - 21:07 UTC

  China plans to build 10 million low cost homes in 2011

  

  China plans to build 10 million low-cost homes this year at a cost of 200 billion US dollars, a government minister has said. The move comes as soaring home prices spur complaints about affordability.

• Wednesday, March 9th 2011 - 01:19 UTC

  Sino-American and trade expert nominated US ambassador in Beijing

  

  President Barack Obama will nominate Commerce Secretary Gary Locke, who this year criticized China for not opening its markets, as next US ambassador to Beijing, two administration officials said.

• Tuesday, March 8th 2011 - 22:39 UTC

  China admits “labour surplus” of 32 million, 14 million of which college graduates

  

  China, normally contrary to releasing unemployment figures, has admitted to having a “labour surplus” of 32 million workers, according to Human Resources and Social Security minister Yin Weimin.

• Saturday, March 5th 2011 - 06:55 UTC

  Chinese congress targets social stability; admits inflation and corruption

  

  China must ensure social stability by reducing inflation and corruption, Premier Wen Jiabao has told the parliament's annual session. Mr Wen has been addressing about 3,000 delegates to open the National People's Congress in the Great Hall of the People in Beijing.

• Saturday, March 5th 2011 - 06:34 UTC

  Global construction to outpace GDP growth in next 10 years with China and India leading

  

  Global construction will outpace GDP growth over the next 10 years, with China and India accounting for 38% of the 4.8 trillion US dollars increase in output by 2020, PricewaterhouseCoopers (PwC) said this week.

• Friday, March 4th 2011 - 05:59 UTC

  Geithner argues growth in China, India, Brazil are boosting US exports

  

  Rapid growth of emerging economies like China, India and Brazil is boosting the American exports, US Treasury Secretary Timothy Geithner has said.