Date
28 January 2020

World

  • Chinese workers most industrious, overworked, paper says

    Dec 13, 2013 11:45am
    Chinese workers may be the most industrious in the world, according to a recent German survey, but an international labor expert also said they are overworked, China Daily reported Friday. China ranked the highest in industriousness, followed by...
  • Govt has ‘substantial evidence’ against Qualcomm, paper says

    Dec 13, 2013 11:38am
    The central government has obtained substantial evidence against the US chipmaker Qualcomm in its investigation into alleged antitrust activities, China Daily reported late Thursday, citing Xu Kunlin {許昆林}, head of the National Development and Reform Commission’s price supervision...
  • Expats lukewarm to China social security scheme, paper says

    Dec 13, 2013 11:11am
    China’s efforts to cover foreign workers in its social security net has received a lukewarm response, with authorities conceding that only a small portion of expats have joined the system, China Daily reported Friday. The Social Insurance...
  • S Korea carriers file zone flight plans with China, Yonhap says

    Dec 13, 2013 10:39am
    South Korean airlines are submitting flight plans to Chinese authorities for routes through China’s newly declared air defense identification zone over the East China Sea, Yonhap news agency reported Thursday, citing the carriers. South Korea’s Ministry...
  • Eldery-care service standards to be mapped out, ministry says

    Dec 13, 2013 9:53am
    China plans to establish a national standards system for the elderly care industry within five years, according to a statement from the Ministry of Civil Affairs late Thursday. The system is expected to cover all areas...
  • China social security card holders top 500 mln, Xinhua says

    Dec 13, 2013 8:18am
    The number of China’s social security card holders has reached 509 million at the end of November, Xinhua news agency reported late Thursday, citing data from the Ministry of Human Resources and Social Security. The government...
  • Xiaomi’s Lei grabs CCTV Economic Figure award, report says

    Dec 13, 2013 8:07am
    China Central Television(CCTV) has awarded Lei Jun, founder of handset manufacturer Xiaomi Technology Co. Ltd., and several other leading business leaders the China Economic Figures of the Year awards, the official Xinhua news agency reported Thursday. Other...
  • Shanghai govt sued over private museum demolition, Xinhua says

    Dec 13, 2013 7:36am
    A Shanghai district government has been sued for alleged theft and illegal demolition of a private museum, Xinhua news agency reported Thursday. In a trial at the Changning District People’s Court, Liu Guangjia asked the city’s Minhang district...
  • Think-tank sees Taiwan 2014 GDP growth at 3.03%, Xinhua says

    Dec 13, 2013 7:35am
    Taiwan’s Chung-Hua Institution for Economic Research (CIER) expects the island’s gross domestic product (GDP) to grow by 3.03 percent next year, Xinhua news agency reported Thursday. The CIER, one of the top policy think-tanks in Taiwan, predicted...
  • Official clarifies retirement policy, report says

    Dec 13, 2013 7:25am
    Hu Xiaoyi, deputy head of the Ministry of Human Resources and Social Security, has denied that planned changes to the retirement age will start with either civil servants or those engaged in heavy physical labor, Xinhua news...
  • Foreign trade faces difficult environment next year, CNS says

    Dec 13, 2013 6:28am
    Foreign trade will remain difficult next year and more efforts are needed to achieve growth, the China News Service reported Thursday, citing a Ministry of Commerce official. Song Lihong, deputy director of the ministry’s general department, voiced confidence...
  • Million-yuan Taobao shoppers top 5,700, Alibaba says

    Dec 12, 2013 6:21pm
    Nearly 6,000 people spent more than 1 million yuan (U$164,660) each on Taobao.com over the past year, with more than 1,000 coming from Guangdong province alone, Alibaba Group Holdings said in an e-mailed press release Thursday.  Zhejiang province...
  • Fed to begin tapering in March, UBS says

    Dec 12, 2013 5:47pm
    The United States Federal Reserve is likely to begin tapering its asset-buying program in March next year, a senior UBS A.G. executive said Thursday. Pu Yonghao, UBS managing director and chief investment officer for Asia Pacific,...
  • Two Chinese words may make it to English lexicon, Xinhua says

    Dec 12, 2013 2:38pm
    Two Chinese words that are fast spreading around the globe may be included in the new edition of the Oxford English Dictionary, adding to about 120 words of Chinese origin that are now part of the English...
  • Central bank halts repo sales for full week

    Dec 12, 2013 1:40pm
    The People’s Bank of China suspended its regular open market operations this week after selling 18 billion yuan (US$2.95 billion) worth of reverse repurchase agreements (repos) on Dec. 3. The central bank conducts open market operations...
  • Urban push on central economic conference agenda, paper says

    Dec 12, 2013 12:15pm
    Chinese leaders meeting at the ongoing Central Economic Work Conference will discuss key issues and release general guidelines related to the nation’s drive to attract more rural residents to cities, Wen Wei Po reported Thursday, citing a source with...
  • National holiday plan draws strong reaction, paper says

    Dec 12, 2013 11:36am
    China has released the national holiday schedule for 2014, provoking a strong reaction from the public, China Daily reported Thursday. The schedule links official holiday periods with weekends, thus extending the number of consecutive days workers can...
  • Hot money rush ‘distorts’ China export figures, Reuters says

    Dec 12, 2013 11:26am
    China is seeing a resurgence of “hot money” seeking to cash in on the rallying yuan and record-high interest rates, contributing to distortions in its trade data as speculators move money through regulatory loopholes, Reuters reported...
  • Ex-security chief under house arrest, Reuters says

    Dec 12, 2013 11:22am
    China’s former public security chief has been placed under virtual arrest while being investigated for alleged corruption, Reuters reported Wednesday. Zhou Yongkang, who was a member of the Communist Party politburo standing committee before he retired last...
  • ADB raises China GDP forecasts for 2013 and 2014, Xinhua says

    Dec 12, 2013 11:08am
    The Asian Development Bank (ADB) said Wednesday that it has raised China’s gross domestic product growth forecast for this year to 7.7 percent from 7.6 percent, and that for 2014 to 7.5 percent from 7.4 percent, Xinhua news...