Monday, July 8, 2013

Northeast Asia forum discusses cooperation among China Japan S. Korea in new era

  • Global Times - Monday 8th July, 2013

    The 20th Asian Athletics Championships came to a close on Sunday after five days of fierce competition in Indian western city of Pune.China won 16 of the 42 titles on offer, followed by Bahrain winning five. The final overall medals table reads China on 27 medals, followed by Japan with 20.Japan won a total of four medals in this championships and fell to the third place from the second in ...

  • Northeast Asia forum discusses cooperation among China Japan S. Korea in new era

    Global Times - Monday 8th July, 2013

    Former high-ranking officials and prominent figures from China, Japan and South Korea on Monday called for seeking common interests to improve trilateral pragmatic cooperation here in the new era in efforts to maintain regional peace, stability and prosperity.The proposal was made in the Eighth session of the Northeast Asia Trilateral Forum, a regional platform that drew about 30 political, ...

  • Rain to hit N China heat to scorch south

    China Daily - Monday 8th July, 2013

    /enpproperty--> BEIJING - Heavy rain will sweep across northern China over the next three days, with the National Meteorological Center issuing a yellow alert for rainstorms on Monday. The center said heavy rain will hit parts of Northwest China, north and northeast of the country and Yunnan province. It added that some areas of Gansu and Shaanxi provinces and Sichuan Basin will see rainfall ...

  • China boosts efforts to rebalance economy

    China Daily - Monday 8th July, 2013

    liquidity squeeze last month that sent China's interbank borrowing rates to their highest on record. China's central bank officials have reiterated that China's liquidity structure is healthy. Meanwhile, China will also encourage its banks to offer more loans and innovative services to support agricultural modernization. The press conference laid out broad plans to harness ...

  • China rail official gets suspended death penalty

    CNN Money - Monday 8th July, 2013

    Liu Zhijun, 60, was sentenced by Beijing court to death with a two-year reprieve The former railways minister was found guilty of bribery and abuse of power Liu was one of 54 officials linked to a 2011 train crash that killed 40 people Report found major design flaws in train operating equipment, relaxed safety ...

  • Asiana crash dead from China were best friends

    West Australian - Monday 8th July, 2013

    BEIJING (AFP) - The two teenage Chinese girls killed in a South Korean passenger jet crash at San Francisco airport were best friends and promising students, state media reported.The pair, Ye Mengyuan and Wang Linjia, studied together at a high school in eastern China's Zhejiang province, the Beijing Morning Post said, citing Ye's relatives, who speculated they may have sat in the same ...

  • World China ex-rail minister convicted

    Standard Digital - Monday 8th July, 2013

    China 's railways ministry, once a powerful department, was disbanded in March. It had been criticised for a series of safety scandals, and faced allegations of fraud which were uncovered by government ...

  • China shares fall from 2-week highs on pledge to curb industry credit

    Reuters - Monday 8th July, 2013

    HONG KONG, July 8 | Mon Jul 8, 2013 3:05am EDT HONG KONG, July 8 (Reuters) - China shares tumbled from a two-week high on Monday after Beijing pledged to cut off credit to industries plagued by overcapacity, triggering losses across the board ahead of a slew of economic data. The CSI300 of the leading Shanghai and Shenzhen A-share listings ended down 2.8 percent at 2,163.6 points. The ...

  • NZ fails to meet Chinas export certification rules

    China Daily - Monday 8th July, 2013

    , a port city in Northeast China, because they lacked proper certification. Primary Industries Minister Nathan Guy and Food Safety Minister Nikki Kaye said Saturday that they had only become aware two days previously of new Chinese rules requiring veterinarians to be directly linked to the last site the meat was at before export. Guy, who is currently on an official visit to China, said the ...

  • UPDATE 1-GSK examines Botox sales tactics used in China

    Reuters - Monday 8th July, 2013

    Mon Jul 8, 2013 3:02am EDT * Drugmaker probes claims of corrupt marketing practices * GSK says inquiries so far show no evidence of wrongdoing * Latest allegations come as China steps up pharma scrutiny SHANGHAI/LONDON, July 8 (Reuters) - GlaxoSmithKline said on Monday it was investigating new allegations that its staff had used improper tactics to market Botox in China, but had so far found no ...

  • Former China railways minister receives suspended death sentence for corruption

    Fox News - Monday 8th July, 2013

    China's former railways minister Liu Zhijun was given a suspended death sentence Monday that will likely be commuted to life imprisonment for bribery and abuse of power in one of the country's highest-profile corruption cases in years. Liu's sentence is seen as lenient in a country where the death penalty is meted out even for economic crimes like tax evasion, and likely reflects ...

  • Russia-China naval exercises begin in Sea of Japan Monday

    Itar Tass - Monday 8th July, 2013

    VLADIVOSTOK, July 8 (Itar-Tass) - Russia-China large-scale naval exercises begin on Monday in the Peter the Great Bay in the Sea of Japan (East Sea). The exercises codenamed Maritime Interaction-2013 will involve about 20 ships and craft of various classes, and more than 10 aircraft and helicopters. The Chinese naval squadron whic has arrived here to take part in the exercises includes ...

  • Relief rushed to rainstorm-hit central China

    China.org.cn - Monday 8th July, 2013

    Relief material have been rushed to central China's Hubei Province, hit by rainstorms since Friday, said the Ministry of Civil Affairs here ...

  • FTA a good example of China-EU co-op Li

    China Daily - Monday 8th July, 2013

    trade agreement between China and Switzerland has sent the world a strong signal against trade protectionism and will serve as a positive example of ...

  • Citi cuts China GDP growth view for 2013 2014

    Market Watch - Monday 8th July, 2013

    HONG KONG (MarketWatch) -- Citigroup on Monday cut its economic growth forecasts for China, citing downside risks to growth from "policy missteps." The brokerage cut China's gross domestic product growth to 7.4% from 7.6% in 2013, and to 7.1% from 7.3% in 2014. "The recent episode in the interbank market highlights the lack of communication with the market and possibly ...

  • Liu Zhijun Chinas ex-railway minister sentenced to death for corruption

    The Guardian - Monday 8th July, 2013

    reported on Monday , ending one of the country's highest-profile corruption cases in years.Liu stood trial at Beijing No. 2 Intermediate People's Court on 9 June for accepting 6m in bribes between 1986 and 2011 and using his position to help 11 people win promotions or lucrative contracts, according to the state newswire Xinhua. He had ...

  • ?Asia tallest man? hospitalized in China

    Inquirer - Monday 8th July, 2013

    BEIJING - A 2.55-meter (8 foot 4 inch) Chinese man who is among the world?s tallest living people has been hospitalized for a hip replacement, reports said Monday. Wang Fengjun has been measured as 29 centimeters taller than China?s towering former NBA basketball player Yao Ming. According to the Zhengzhou Evening, a paper in his home province of Henan, Wang?s hands are 30 ...

  • China money rates fall as liquidity returns open market operations in focus

    Reuters - Monday 8th July, 2013

    * Key 7-day money rate fall 14 bps to 3.67 pct * Dealers expect c.bank will restart open market By Chen Yixin and Pete Sweeney SHANGHAI, July 8 (Reuters) - China's money rates continued to fall on Monday on ample liquidity, as dealers await open market operations on Tuesday for hints on how the central bank will manage the money supply going forward after a record liquidity crunch in late ...

  • Caixin Online Dealing with the huge tax shortfall in China

    CBS Marketwatch - Monday 8th July, 2013

    Caixin Online ) -- Disappointing tax income figures have forced Beijing to shore up its fiscal position by dipping into government savings in the central bank, a move that will undoubtedly unsettle many ...

  • REFILE-Is struggling shipbuilder China Rongsheng too big to fail

    Reuters - Monday 8th July, 2013

    Mon Jul 8, 2013 12:59am EDT (Fixes typo in paragraph 22) By Koh Gui Qing and Yimou Lee HONG KONG/BEIJING, July 8 (Reuters) - An appeal for government financial support from China's biggest private shipbuilder presents authorities with some stark choices between protecting a big employer and its jobs or letting the firm go under to ease pressure on a sector suffering from overcapacity and ...

  • Asia stock markets sink as China slowdown jitters overshadows US jobs growth

    Star Tribune - Monday 8th July, 2013

    BANGKOK -- Concern over China's slowdown weighed on Asian stock markets Monday after the head of the International Monetary Fund warned of a loss of momentum in emerging economies. Asia's losses came despite strong U.S. job numbers that sparked a Wall Street rally on Friday. Hong Kong's Hang Seng dropped 1.9 percent to 20,463.80 and China's Shanghai Composite was down 1.6 ...

  • More Taiwanese firms in China heading home

    Asia News Network - Monday 8th July, 2013

    A growing wave of Taiwanese companies that rode the tide of cheap manufacturing in China over the last three decades are returning home as costs on the mainland creep up. But they are hedging their bets by keeping most of their existing operations in China and relocating only partially or investing in new facilities - focused on research and development (R&D) or more sophisticated ...

  • Source: http://www.beijingnews.net/index.php/sid/215688002/scat/55582c89cb296d4c

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