Posts tagged as: China

China wants Philippines hostage probe results released quickly

China wants Philippines hostage probe results released quickly

China has urged the Philippines Thursday to release the findings of the probe into the death of eight Hong Kong tourists during the hostage drama that unfolded earlier this week. “We believe that the most urgent task is to get clear investigation results of the incident as soon as possible,” said Foreign Ministry spokeswoman Jiang [...]

Chinese ‘iPod’ aims to topple Apple

Chinese ‘iPod’ aims to topple Apple

A gadget similar to the iPhone and more had been Invented by a 22-year-old programmer who hails from the southern Chinese city of Shenzhen. It is made up of a case that fits around the outside of Apple’s iPod Touch, a popular media player and WiFi-enabled pocket computer with email, maps and other applications. The [...]

China in the running for world’s second largest economy

China in the running for world’s second largest economy

China is in great shape to take over Japan’s spot as the world’s second largest economy next to the United States, based on the data released Monday. Japan’s gross domestic product (GDP), reached $1.29 trillion for the 2nd quarter, announced its Cabinet Office. China on the other hand had an official figure of $1.34 trillion [...]

China mourns mudslide victims

China mourns mudslide victims

Due to the devastating mudslides in northwestern Gansu province, more than a thousand people were killed, leading the nation’s embassies and consulates around the world to lower their flags at half-staff. There were 1,239 people dead and 505 missing, according to the state-run Xinhua news agency. But residents of the Zhougu County believed the number [...]

Clinton signals US role in China territorial disputes

Clinton signals US role in China territorial disputes

Signaling her intention to intercede in a region claimed in full by the Chinese government, Secretary of State Hillary Clinton said resolving territorial disputes off China’s southern coast is “a leading diplomatic priority.” Clinton told the 27-member Asean Regional Forum in Hanoi on Friday that ending disagreements in the South China Sea “is pivotal to [...]

China faces wrath of Typhoon Conson

China faces wrath of Typhoon Conson

Days after blazing a trail of death and destruction across the Philippines, Typhoon Conson has come ashore with high winds and heavy rain in China’s Hainan province. The storm struck during early evening Friday in the city of Sanya with winds in excess of 120 kilometers per hour, officials said. Conson overturned 10 fishing vessels [...]

Copper gains in London as Yuan holds

Copper gains in London as Yuan holds

Copper rose in London on speculation that a stronger yuan will increase demand from China and as the country removed export rebates, likely reducing sales abroad. After falling as much as 1 percent earlier on the London Metal Exchange, three-month delivery copper added 0.3 percent to $6,630 a metric ton. Zinc advanced as much as [...]

Yuan falls as China makes good on flexibility vow

Yuan falls as China makes good on flexibility vow

On Tuesday, China pulled back the veil on its new currency regime a little further, appearing to engineer a fall in the yuan to make clear its vow of flexibility did not include one-way bets for appreciation. In an indication that Beijing will allow its currency to appreciate at a far slower pace than demanded [...]