china

Japan and China step up drone race as tension builds over disputed islands

"Drones have taken centre stage in an escalating arms race between China and Japan as they struggle to assert their dominance over disputed islands in the East China Sea. China is rapidly expanding its nascent drone programme, while Japan has begun preparations to purchase an advanced model from the US. Both sides claim the drones will be used for surveillance, but experts warn the possibility of future drone skirmishes in the region's airspace is 'very high'." Continue reading →

Continue ReadingJapan and China step up drone race as tension builds over disputed islands

China becomes second-largest movie market

"Moviegoers in China spent 17 billion yuan ($2.7 billion) on tickets last year, turning the country into the second-largest film market in the world, the state news agency Xinhua said on Wednesday. Sales rose 30 percent from 2011, it said, citing the State Administration of Radio, Film and Television (SARFT), underscoring the rapid growth that has long attracted Hollywood despite China’s tight restrictions on foreign films. China in 2012 agreed to increase the number of films allowed in annually from the United States — which is the world’s largest movie market — from 20 to 34, whereas 893 domestic films were produced last year." Continue reading →

Continue ReadingChina becomes second-largest movie market

With Eye On China, Japan Weighs Raising Military Spending

"Japan’s new conservative government announced a review of national military strategy on Monday that analysts said was aimed at offsetting China’s growing military power and that may increase defense spending for the first time in a decade. Mr. Abe had promised during the election campaign to strengthen the military to defend Japan’s control of islands in the East China Sea that are also claimed by China." Continue reading →

Continue ReadingWith Eye On China, Japan Weighs Raising Military Spending

Beijing spends a billion to get China’s music industry rocking

"From the top of a hillside in Pinggu village, an hour’s drive from central Beijing, the future of China’s music industry doesn’t look like much – just a vista of Mao-era farmhouses and parched cabbage fields. Yet Beijing officials have announced plans to spend more than 10 years and £1.4bn turning the area into the 'China Music Valley', a sprawling compound that will be home to recording studios, instrument makers, music schools, five-star hotels and an arena in the shape of a peach." Continue reading →

Continue ReadingBeijing spends a billion to get China’s music industry rocking

Emerging China, Brazil and India agree to increased United Nations dues

"China, Brazil, India and other emerging powers agreed to major increases in their United Nations payments as the global body hammered out a new budget deal this week to avoid its own fiscal cliff. The boom countries will pay more as economic crisis allows European nations, such as Britain, Germany and France and Japan to cut their contributions. UN contributions are worked out according to a country’s share of global gross national income (GNI). China will pay an extra 61 percent in UN fees, taking its share of the budget from 3.2 to 5.1 percent. It will overtake Canada and Italy to become the sixth biggest UN contributor." Continue reading →

Continue ReadingEmerging China, Brazil and India agree to increased United Nations dues

World’s longest bullet train service launched in China

"The opening of the new 2,298-kilometre (1,425-mile) line between Beijing and Guangzhou means passengers will be whisked from the capital to the southern commercial hub in just eight hours, compared with the 22 hours previously required. Trains will travel at an average speed of 300 kilometres per hour over the line, which includes 35 stops in major cities such as Zhengzhou, Wuhan on the Yangtze River and Changsha. China’s high-speed rail network was established in 2007, but has fast become the world’s largest. Xinhua said that China now operates 9,300 kilometres of high-speed railways." Continue reading →

Continue ReadingWorld’s longest bullet train service launched in China

Rich Chinese and Russians Flock to Germany to Spend

"Travelers from non-EU countries can receive a refund for the value-added tax they've paid on items they buy, generally 19% of the purchase price. There are days when the customs officers are barely able to cope with the flood of heavily laden tourists. Long lines often form at the customs counters shortly before flights leave for Moscow, Beijing or Dubai. The same is true for incoming flights, when arriving passengers must declare cash amounts over €10,000. A golden age has also begun for businesses that specialize in refunding value-added tax. The companies pay tourists the bulk of the refund, but the company retains a percentage as a 'service charge.'" Continue reading →

Continue ReadingRich Chinese and Russians Flock to Germany to Spend

Christianity ‘close to extinction’ in Middle East

"The report, entitled Christianophobia, highlights a fear among oppressive regimes that Christianity is a 'Western creed' which can be used to undermine them. State hostility towards Christianity is particularly rife in China, where more Christians are imprisoned than in any other country in the world, according to the report. It claims George Bush’s use of the word 'crusade' after the September 11 attacks on New York created the impression for Muslims in the Middle East of a 'Christian assault on the Muslim world'." Continue reading →

Continue ReadingChristianity ‘close to extinction’ in Middle East

8-child family defies China’s one-child policy

"China’s one-child rule has numerous critics, but perhaps none have so emphatically defied the policy as a couple who have accumulated four boys and four girls — some born to two surrogate mothers. Authorities are calculating how high a fine to impose on the family, described as 'rich merchants' in the southern province of Guangdong, estimating that it could reach 10 times their annual income. While the triplets born to the mother via artificial insemination were deemed legal, they were delivered in Hong Kong — a popular option for wealthy Chinese who want to secure residency there for their children and evade the mainland China quota." Continue reading →

Continue Reading8-child family defies China’s one-child policy

Asian economies turn to yuan

"A 'renminbi bloc' has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China's successful bid to internationalize its currency, a research report has said. Seven out of 10 economies in the region — including South Korea, Indonesia, Malaysia, Singapore and Thailand — track the renminbi more closely than they do the US dollar. Only three economies in the group — Hong Kong, Vietnam, and Mongolia — still have currencies following the dollar more closely than the renminbi, said the report, posted on the institute's website." Continue reading →

Continue ReadingAsian economies turn to yuan