china

Chinese Justice – Or Orwell Circa 2013?

"The Ministry of Public Security is working to set up an annual high-level meeting with US judicial officials in a bid to catch and return more Chinese fugitives. 'We're negotiating with the US Department of Homeland Security and will try to arrange the first summit this year,' said Wang Liqiang, a senior official in the ministry's international cooperation bureau. The meeting is expected to bring together the minister of public security and senior officials from the Ministry of Foreign Affairs with their US counterparts to discuss cooperation on intelligence, operations, suspect repatriations and the recovery of stolen assets." Continue reading →

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Taiwanese billionaire launches Asian ‘Nobel prize’

"One of Taiwan’s richest men on Monday launched what has been widely touted as the Asian equivalent of the Nobel Prize. Samuel Yin, head of the sprawling Ruentex business empire, said that by donating Tw$3 billion ($101 million) for the Tang Prize he had fulfilled one of his biggest dreams. 'I hope that the prize will encourage more research that is beneficial to the world and humankind, promote Chinese culture and make the world a better place,' he said. Beginning in 2014 prizes will be awarded every two years in four different categories — sustainable development, biopharmaceutical science, sinology and the 'rule of law' — to individuals, regardless of nationality." Continue reading →

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30-story building built in 15 days – Construction time lapse

"What can you accomplish in 360 hours? The Chinese sustainable building company, Broad Group, has yet attempted another impossible feat, building a 30-story tall hotel prototype in 360 hours, after building a 15-story building in a week earlier in 2011. You may ask why in a hurry, and is it safe? The statistics in the video can put you in good faith. Prefabricated modular buildings has many advantages over conventional buildings." Continue reading →

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China Eclipses U.S. as Biggest Trading Nation

"China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries show. China’s customs administration reported last month that the country’s trade in goods in 2012 amounted to $3.87 trillion. China’s growing influence in global commerce threatens to disrupt regional trading blocs as it becomes the most important commercial partner for some countries. Germany may export twice as much to China by the end of the decade as it does to France, estimated Goldman Sachs Group Inc.’s Jim O’Neill." Continue reading →

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China Central Bank Injects Record Cash Into Money Market

"China's central bank on Tuesday injected CNY 450 billion into the money markets through open market operations, reports said. This was the largest ever single-day injection. The People's Bank of China conducts repurchase agreements and offers bills to maintain short-term liquidity. The bank has introduced more funds as liquidity tightened ahead of the Chinese Spring Festival holiday." Continue reading →

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Hong Kong 2012 net gold flow to China hit record high

"Hong Kong’s net gold flow to mainland China jumped 47 percent in 2012 to a record high of 557.478 tonnes, indicating robust demand in China, which vies with India to be the world's top gold consumer. Hong Kong shipped 114.372 tonnes of gold to China in December, also a record high for monthly exports. The former British colony received 19.644 tonnes of gold from the mainland in that month." Continue reading →

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China tops world in gold producing

"China produced the most gold in the world in 2012, making it the largest producer for the sixth straight year, latest industry association data showed. China's gold output increased 11.66 percent from a year earlier to hit a record high of 403.05 tonnes in 2012, the China Gold Association said Wednesday. The output was almost 100 times that of 1949, when the country produced just 4.07 tonnes, the association said. It attributed the increase to favorable government polices, which have put the industry on a fast track and made it a pillar industry in many of the country's gold producing areas." Continue reading →

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Colonial flags fly in Hong Kong as anger grows over Chinese rule

"Sixteen years after Hong Kong returned to Chinese rule, public discontent with Beijing is swelling and protesters have been rallying around an unexpected symbol — the British colonial flag. Tens of thousands have taken to the streets in recent months in marches against Chief Executive Leung Chun-ying, who took over from Donald Tsang last July after being elected by a 1,200-strong pro-Beijing committee. On several occasions the old blue flag, which incorporates the Union Flag, has been flown by protesters on the streets of what is becoming an increasingly divided Hong Kong, both embarrassing and infuriating Beijing." Continue reading →

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Liberty Is Making the World Richer. You’re Included.

"In China and India, the pain has been minimal. That is because the economic effects of the earlier systems created such devastation. Think of the phrase, 'I've been down so long, it looks like up to me.' Think of China today and China in 1973 under Mao. The positive change has been greater than any seen in recorded history, and on a scale that was inconceivable in 1980. Every month, urban living space sufficient to house the population of Philadelphia gets built: 1.5 million people. When we are talking China and India, we are talking something in the range of 35% of the world's population moving out of either Communism or Fabian Socialism." Continue reading →

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China’s Smaller Cities Are Home to Growing Middle Class

"51 per cent of China's population, or 691 million people, are currently living in urban areas. Research suggests that by 2020, some 824 million people will be living in cities, an increase of 188 million. That's one and a half million new urban residents every month for the rest of this decade. By 2030, according to our analysis, there will be around 270 million more new urban residents in China. By our calculations, a company had to be in 60 cities to reach 80 percent of the country's middle class in 2005. Today, they have to be in 340 of them. And by 2020, they will need to be in 550 urban locations to reach that same percentage of the middle class population." Continue reading →

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