Wary detente between China and America
CHINA’S President Hu Jintao arrives in America on January 18th for a welcome at the White House, full of pomp and pageantry, that American presidents seldom lay on even for the closest of friends. After an unusually rocky year in their relations, both China and the United States hope for respite. But mutual wariness is...
Reserve requirements raised to tame inflation
The People's Bank of China announced on Friday that it will raise the reserve requirement ratio for lenders for the fourth time in two months. The increase comes as the central bank strengthens efforts to mop up liquidity and tame surging inflation. For the full story, click here
Males turn to cosmetic appearance
It started with just a few cosmetics stolen from his wife, but before long Ben Shiyuan was using facial toners, cleansing milk and moisturizers every morning. For the full story, click here
Clinton: US welcomes China's rise
US Secretary of State Hillary Clinton on Friday laid out US strategy on relations with China, reaffirming that the United States welcomes China as a rising power. For the full story, click here
China to be US largest trading partner in a decade: Geithner
China is expected to become the United States' largest trading partner in about 10 years and their economic ties are bringing "huge benefits" to Americans, US Treasury Secretary Timothy Geithner said Friday. For the full story, click here
Beijing looks below ground to grow
Beijing is set to tap into its underground space on a large scale this year with the central districts of Chaoyang, Xicheng and Dongcheng as well as Tongzhou all putting forward ambitious plans. For the full story, click here
China’s tough new attitude is both dangerous and ...
WHAT has happened to the “harmonious world” that China’s president, Hu Jintao, once championed? Where is the charm offensive that was meant to underpin it? Recent revelations about its military programmes are the latest Chinese moves to have unsettled the world. Strip the charm from Chinese diplomacy and...
Inflated fears
In January 1992 Deng Xiaoping, then China’s paramount leader, arrived in Shenzhen for the start of his month-long “Southern tour”. He extolled the success of the coastal special economic zones, lambasted his reactionary opponents in Beijing and ushered in a torrid economic boom that forced inflation above...
Airline abandons Melbourne stopover to fly direct ...
More visitors are expected from China after a decision by China Southern Airlines to fly direct to Auckland from Guangzhou, rather than via Melbourne as planned earlier. Airline president Tan Wan'geng today said widespread support from the tourism industry in this country when he visited in December was pivotal to his...
Rise of the Redback
Given the events of 2010, the world, and particularly Hong Kong, should be getting ready for what Qu Hongbin, HSBC Chief China economist, calls “the rise of the redback.” For the full story, click here
Banking on the Renminbi
Global financial institutions have their eyes on a rich pie. At the end of November 2010, the total amount of renminbi deposits in Hong Kong reached Rmb279.6 billion (US$42.15 billion), according to the Hong Kong Monetary Authority (HKMA). That represents an increase of 29 per cent from October, and up 246 per cent,...
Chinese company bid for PGG Wrightson
Chinese agricultural company Agria Corp is aiming to lift its shareholding in PGG Wrightson from the current 19 per cent to a majority stake in a bid with New Hope Group, one of China's largest agricultural and food corporations. For the full story, click here
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