China National News
ChinaNationalNews.com Saturday 4th July 2009 Edition 185/2009
bullet
Front Page China News
corner
Swine flu patient dies of electrocution in China


Add to My Yahoo!
Hangzhou (China), July 3 (Xinhua) A patient suffering from influenza A (H1N1), better known as swine flu, died of electrocution when she was taking a shower in a hospital here, the police said...


Taliban's 'disabled' teenage suicide bombers may target Chinese nationals in Pak
Lahore, July 4 : Pakistan intelligence agencies have warned that the Tehreek-e-Taliban Pakistan (TTP) chief Baitullah Mehsud may target Chinese nationals in the country, as he has dispatched disabled teenage suicide bombers for the...


Hepatitis B virus mutations may help predict liver cancer risk
Washington, July 3 : Scientists from Second Military Medical University in Shanghai have revealed that mutations in the DNA of hepatitis B virus (HBV) might help predict which patients are at increased risk of developing liver...


Toad captured on camera while eating snake in China
Melbourne, July 3 : In a rare case of a predator hunted by its prey, a toad has for the first time been captured on camera while eating a whole snake in just five...


Brokers timid on next Chinese bull run
Although the Chinese stock market has breached the 3,000-point barrier after a six-month bull run, analysts and investors are cautious since they see the rally as being led largely by big-cap stocks...


Australia's Emergent to form JV with Chinese firm
Australia-based Emergent Resources announced on Friday it would form a joint venture with China Metallurgical Investment to develop its Beyondie Iron project in Western Australia, the Australian...


Real estate sales in China up, prices soar
On Monday, for instance, a land parcel along Beijing's Guangqu Road was auctioned off for more than 4 billion yuan (US$585 million) after fierce bidding among major developers from the mainland and...


Shanghai plans its own 'Wall Street bull'
SHANGHAI: The Wall Street bull, perhaps the most treasured iconic image in the world of finance, can soon be seen charging in Shanghai, a city aspiring to become New York...


6 scenarios on global imbalances
China's Central Bank Governor Zhou Xiaochuan Friday outlined six possible scenarios of adjustments for global economy to achieve balance. Zhou was speaking at the Global Think Tank Summit that...


Annual gas consumption to reach 400b cubic meters by 2030
China's annual consumption of gas will reach 400 billion cubic meters by 2030, with 150 billion cubic meters coming from imports and the remainder from domestic production, Jia Chengzao,...


China to further expand overseas investment
Dai Xianglong, chairman of the National Council for Social Security Fund (SSF), China's pension fund, said Friday that China will further expand its overseas investment in diversified...


Two arrested with Chinese pistol in Nepal
Kathmandu, Jul 3 : Nepal Police have arrested two youths with a Chinese pistol from Chure forest in Triyuga Municipality-11, Udaypur district in eastern Nepal, local media reports said here...


Not Heard Of China Mobile Plan To Buy Stake In Co
. "Anyone who wants to invest in us, can." The China Daily reported Friday, citing people with knowledge of the matter, that China Mobile Communications Corp. was in the early stages of talks with...


Focused On All Invest Chances, Not Just In Mining
. When asked if mining investments would become more important to CIC following the Teck deal, Wang said: "Not entirely. Our investment philosophy is mainly financial investment." He said, "So for...


China to set up museum for migrant workers' literature
NANJING, July 4 (Xinhua) -- A museum for migrant workers' literature will be set up in the city of Suzhou in east China's Jiangsu Province in an attempt to create a "mental homeland" for the...


Taiwan dollar is little changed following drop
Taiwan's dollar was little changed after Thursday sliding the most in a month on speculation the central bank intervened to prevent gains from hurting...


Zeng for vigil on reserve currency nations
Former Chinese Vice-Premier Zeng Peiyan on Friday called for a new mechanism to maintain the stability of the major reserve currencies and tighter vigil on countries issuing reserve currencies. ...


Plan to allow foreign firms to be listed in China gathers steam as FDI dips
With the goal of building Shanghai into a world-class financial hub, the central government is showing renewed interest in inviting foreign-funded firms to be listed in the...


Chinese airline set to open local branch after submitting documents
TAIPEI, Taiwan -- Guangzhou-based China Southern Airlines is likely to become China's first carrier to open a branch in Taiwan after it submitted Friday three copies of a document necessary for...


Metal damage and nosebleeds in home built with Chinese drywall
And that wasn't all. Electrical outlets turned black. The air conditioner went on the blink. Then McCarthy, 33, started waking up with a bloody nose. It turns out the home was built with...


Ukrainian PM meets senior Chinese official on bilateral ties
KIEV, July 3 (Xinhua) -- Ukrainian Prime Minister Yulia Tymoshenko on Thursday met and discussed bilateral ties with Wang Gang, member of the Communist Party of China (CPC) Central Committee...


Chinese operatic soprano Shi Pei Pu dies
WASHINGTON -- Shi Pei Pu, a Chinese operatic soprano who along with his French lover was convicted of espionage and whose complicated affair inspired the Tony Award-winning Broadway play “M....


Jan-Jun Exports Down 21.7% On Year
-(Dow Jones)- China's exports in the first half fell 21.7% from a year earlier, Ministry of Commerce Vice Minister Yi Xiaozhun said Saturday, citing data from the customs...


CNOOC to hike natural gas production
China National Offshore Oil Corp (CNOOC) has selected two major coal-to-gas projects which are expected to generate 10 billion cubic meters of natural gas from coal in the next five years, Fu...


China Stimulus Will Benefit Multinationals
-(Dow Jones)- China's stimulus packages to support its industries will benefit multinational firms as well as Chinese companies, National Reform and Development Commission Vice Chairman Zhang...


China shows dominance in ongoing Philippine Badminton Open
MANILA, July 4 (Xinhua) -- Shuttlers from the Chinese mainland showed their dominance Friday night when competing for semifinals slots in the ongoing Philippine Badminton Open 2009 held at the...


Chinese company, university set up post-bachelor courses for employment stimulus
SHANGHAI, July 4 (Xinhua) -- Shanghai Zhenhua Heavy Industry Co.,Ltd and the Shanghai Maritime University have signed an agreement on jointly setting up "post-bachelor" courses in which students can...


China Investment to buy $1.5B stake in mining giant Teck Resources
TORONTO - Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt. The...


Babies in China seized then sold overseas
Local officials have been accused of seizing baby girls from parents who broke birth control limits and helping hand them on to adoptive parents overseas for the equivalent of about £1,800 each,...


Chinese airline may offer cheaper fares to passengers who stand during short flights
The proposal would allow the airline to cram 40% more travelers into its planes while cutting operating costs 20%. Passengers would be strapped to a bar-stool-like stand during takeoff and...


Carbon tariff 'an excuse' to protect trade
Developed countries' proposals to impose "carbon tariffs" on imports will violate WTO rules and go against the spirit of the Kyoto Protocol, the Ministry of Commerce (MOFCOM) said on Friday. A...


Fatal apartment collapse prompts nationwide quality check
The Ministry of Housing and Urban-Rural Development ordered a nationwide quality inspection of housing construction Friday after an under-construction residential compound collapsed in Shanghai last...


Rumors on ties with Sri Lanka dismissed
Rumors that China and Sri Lanka engaged in an arms deal during the southeast Asian country's recent civil war was rejected by visiting Foreign Minister Rohitha Bogollagama on Friday. "Sri Lanka and...


Corrosive, stinking Chinese drywall may be radioactive
Health concerns are raised over the imported wallboard. Some drywall made with radioactive phosphogypsum, a waste byproduct, was shipped to the U.S. by at least four Chinese-based...


China to urge US not to levy tyre duties
Beijing will urge US President Barack Obama to desist from imposing duties on Chinese tyres because such a step would send a worrying signal about trade protectionism, China's commerce ministry said...


China to adjust tariff to curb rare metal export
Tough times ahead for metal firms, says CNIA China will revise its tariff policy to curb the export of rare metal products, according to a circular issued by the Ministry of Industry and...


China fund takes stake in Canadian miner
TORONTO: Canadian mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for C$1.74 billion (US$1.5 billion) in a bid to reduce its debt. The...


China to invest $14.7b in grassroots clinics
China's central government will spend 100 billion yuan ($14.7 billion) for equipment and building constructions for nearly 10,000 grassroots medical institutions by 2011, according to the Ministry of...


Invest In Teck Resources About US$1.5 Billion
. Teck Resources said Friday it agreed to sell 101.3 million Class B subordinate-voting shares at C$17.21 a share to CIC, giving the Chinese wealth fund a 17.2% equity interest and a 6.7% voting...


China joins carbon tax protest
China joins carbon tax protest By Alan Beattie in London and Kathrin Hille in Beijing Published: July 4 2009 03:00 | Last updated: July 4 2009...


Chinese man of many names charged in New Zealand
Wellington - A Chinese businessman said to be friendly with a number of New Zealand members of parliament has been arrested and charged with immigration and passport offences, a newspaper reported on...


Chinese company makes bids for GM's Opel division; alternative to Magna
TORONTO - General Motors Corp. confirmed Friday it has received a non-binding offer from a Chinese concern for its Opel division. GM Europe spokesman Christopher Preuss refused to give details of the...


China has more than 176.5 mln motor vehicles as of June
BEIJING, July 3 (Xinhua) -- China now has become the home to more than 176.5 million motor vehicles and more than 14 percent of its population has learned to drive, according to the Ministry of...


China to spend 100 billion yuan buying equipment for grassroots medical institutions
BEIJING, July 3 (Xinhua) -- China's central government will spend 100 billion yuan (14.7 billion U.S. dollars) for equipment and building constructions for nearly 10,000 grassroots medical...


Former U.S. labor secretary aims to bridge U.S.-China gaps
BEIJING, July 3 (Xinhua) -- Former U.S. Secretary of Labor Elaine L. Chao, the first Chinese-American serving in the U.S. cabinet, now eyes a new task: bridging gaps between the United States and...


China agrees to proportional cross-strait financial-market opening
China will accept the principle of proportional arrangement for cross-Taiwan Strait financial-market opening, said Liu Minkang, chairman of China Banking Regulatory Commission (CBRC), on Thursday. In...


Rainstorms wreak havoc in south China; Beijing issues hot weather alert
BEIJING, July 3 (Xinhua) -- Rainstorms since early the week have swept a wide swathe of south China, leaving dozens people dead or missing and forcing hundreds of thousands to evacuate. In...


China tightens regulations on state-owned shareholders
BEIJING, July 3 (Xinhua) -- China's state assets regulator announced it would strive toward stricter control over the actions of state-owned shareholders here Friday, in a move to protect investors'...


China offers landmark $1.74-billion deal to Canada's Teck
An aerial view of Duck Pond in Newfoundland, which became part of Teck through the acquisition of Aur Resources in August 2007. Now the Chinese Investment Corp. is looking to invest in Teck...


Russia's State Duma approves Russia-China oil co-op agreement
MOSCOW, July 3 (Xinhua) -- Russia's State Duma, the lower house of parliament, approved on Friday a Russia-China intergovernmental agreement on oil cooperation, the Itar-Tass news agency reported. ...