China

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US Sets 2-Week Deadline for Iran Sanctions

Vows to push UN for tougher nuke stance, faults Russia, China

(Newser) - The US vowed today to fight for new UN sanctions on Iran if its Mideast rival doesn’t stop nuclear activity within two weeks, Reuters reports. Undersecretary of State Nicholas Burns blamed Russia and China for delaying a third round of economic sanctions; those nations hold veto power on the...

Cisco Marches Into China With $16B Expansion

Network king partners with Chinese firm on censored Internet

(Newser) - Cisco Systems, the giant of network gear, has announced a long-term, $16 billion expansion into Chinese markets, reports the AP. The multi-part expansion includes doubling Cisco's manufacturing in the country, a venture capital program in collaboration with a government bank, and a partnership with China's largest commerce website to produce...

China Hikes Domestic Oil Prices 10%

Move to lower demand spurs crude prices to record highs

(Newser) - China raised its domestic oil prices 10% yesterday, one of the key factors in crude’s surge to over $95 per barrel. The move was actually designed to decrease global oil prices, the Wall Street Journal explains, by lowering demand. But Chinese refineries, usually stuck with low government-set prices for...

Budget Batters FDA Oversight of Foreign Drugs

Commissioner to testify before Congress today

(Newser) - The federal Food and Drug Administration's spotty record inspecting foreign drug manufacturers will be even worse next year as its budget drops just as developing countries are flooding the market with new medications, reports the Washington Post. Foreign drug plants are inspected only once every eight to 12 years because...

Chinese Drugs Go Unchecked
Chinese Drugs Go Unchecked
Oct 31, 2007 12:54 PM CDT

Chinese Drugs Go Unchecked

Loophole allows pharma-producing chemical companies to bypass regulation

(Newser) - China’s massive prescription drug industry has an equally massive flaw: pharmaceuticals made by chemical companies are not held to regulatory standards. Of nearly 500 Chinese companies at a recent drug trade show, 82 were unregulated and uncertified, the New York Times discovered. “This is definitely against the law,...

Chinese Pension Fund Considers US Private Equity Deals

Burned by Blackstone, Beijing takes it slow

(Newser) - China, suffering buyer’s remorse after investing in US private equity firm Blackstone, is taking its time before diving back into that end of the financial pool, reports the Financial Times. The Big Three of US equity firms, Carlyle, KKR, and TPG, are each seeking a minority investment from China’...

Canada Hails Dalai, China Rages
Canada Hails Dalai, China Rages
Oct 30, 2007 3:44 AM CDT

Canada Hails Dalai, China Rages

Latest welcome for Tibetan exile new blow to China

(Newser) - Canada's Prime Minister Stephen Harper rolled out the red carpet for the Dalai Lama yesterday, provoking the wrath of the Chinese government. The two men exchanged traditional white Tibetan silk scarves, with Harper's gift to his guest embroidered with the Canadian maple leaf. The Chinese are furious over the attention...

Raptors Really Ran in Packs —in China

Footprints reveal Jurassic Park -style dinos with nasty claws

(Newser) - The dinos depicted in Jurassic Park really were big and nasty and hunted in packs, and fossilized footprints show where they did it: in China, about 100 millions ago. Standing 1.2 meters tall at the hip, the dromeosaurs ran in packs of six and held up big killing claws—...

Kremlin May Forge a Separate 2.0 Peace

Moscow mulling the creation of a Russian-only computer network

(Newser) - The Kremlin is going 2.0 by extending its reach into cyberspace, where dissidents have found refuge from the government’s tight censorship. While Putin allies mount pro-government websites and snatch up existing independent outlets, Moscow is considering the creation of a separate Russian network. “The attractiveness of the...

All Eyes Turn to Xi Jinping
All Eyes Turn to Xi Jinping
Oct 26, 2007 1:00 PM CDT

All Eyes Turn to Xi Jinping

China's president-in-waiting plays the long game

(Newser) - Xi Jinping's appointment to the standing committee of the politburo positions him a step away from the Chinese presidency, but the man slated to rule the world's largest nation from 2012 to 2022 is an unknown quantity, writes the Guardian. The unspectacular Shanghai party boss has "no particular policies,...

Top China Bank Buys Record $5.6B Stake in African Lender

Beijing moves to invest in developing nations

(Newser) - Prodded by Beijing to invest in developing countries, China's massive state-owned bank has inked a deal to buy 20% of South Africa's Standard Bank for $5.6 billion, marking the largest Chinese investment ever in Africa. ICBC, flush with cash, is eager to provide financial services to Chinese companies increasingly...

Asian Space Race Stirs Friction, Pride

Moon shots spark suspicion about military plans in space

(Newser) - With China, India and Japan all launching civilian moon missions, the Christian Science Monitor examines the  Asian space race, driven by what one expert calls "techno-nationalism."  They "generate pride domestically and they demonstrate prowess internationally," but they're also inflaming security concerns and suspicions, as all...

China's Still Booming, but What About Inflation?

11.5% growth pushes prices worldwide

(Newser) - China's economy is booming and inflation is in check, but for how long? Third quarter growth swelled the economy by 11.5%, putting China ahead of Asian rivals India and Vietnam, and inflation dropped to 6.2%. Beijing says it will keep falling, but inflationary fears sent the Shanghai stock...

BlackBerry To Grow in China
BlackBerry To Grow in China
Oct 24, 2007 11:39 PM CDT

BlackBerry To Grow in China

RIM takes smartphone into untapped market

(Newser) - BlackBerry developer Research in Motion is pushing its smartphone into the huge Chinese market for personal communications devices, with major multinationals its first market target. Reuters reports RIM's Chinese partner, China Mobile, already has a two-thirds market share, but the Blackberry is expected to face tough opposition from a low-cost...

China Launches 1st Lunar Probe
China Launches 1st Lunar Probe
Oct 24, 2007 12:46 PM CDT

China Launches 1st Lunar Probe

Plans to land astronaut on lunar surface by 2020

(Newser) - China launched its first lunar mission today, beginning its gambit to be the third country to put a man in space. The Chang'e-I probe fired into space unmanned, but the lunar orbiter should earn China’s space program respect—and lucrative contracts, Bloomberg reports. China next plans to land a...

Supporters Rally for Suu Kyi
Supporters Rally for Suu Kyi
Oct 24, 2007 6:59 AM CDT

Supporters Rally for Suu Kyi

Protests in 12 cities to mark 12th anniversary of her imprisonment

(Newser) - Protests are in progress in front of 12 Chinese embassies around the world today to mark the 12th anniversary of the incarceration of Burmese political prisoner and Nobel Peace Prize winner Aung San Suu Kyi. Six fellow female laureates also have written an open letter, published in today's Guardian, asking...

China Clashes With Tibetan Monks in Wake of Dalai Award

Authorities crack down on celebrations

(Newser) - Chinese security forces in Tibet have clashed with Buddhist monks celebrating the Dalai Lama's recent honor from the US, the Guardian reported. Police and soldiers in the capital Lhasa and in outlying areas cracked down on monasteries holding special services in honor of the Tibetan spiritual leader, according to Hong...

Bear Stearns, China's Citic Trade $1B Stakes

Partnership will develop products, services for Chinese and Asian markets

(Newser) - In a welcome boost after this year's devastating subprime losses, Bear Stearns today moved to secure a long-coveted slice of the Chinese market. Stearns and China’s Citic Securities Co. agreed  to invest $1 billion in each other, pooling their Asian resources to develop new products for the Chinese market,...

China Picks New Politboro Young Bloods

Youngest may vie for top spot in 5 years

(Newser) - The Chinese Communist Party named its newest leaders yesterday, including the man favored to succeed current president Hu Jintao, reports the Washington Post. Xi Jinping, 54, is the son of a Chinese guerrilla leader who rose to the top of the Shanghai branch of the Communist Party, making him a...

Web Biz Alibaba Launching Record IPO in China

Operation links buyers to Chinese manufacturers

(Newser) - Alibaba, the business-to-business service that links small and mid-sized Chinese manufacturers to customers around the world, is expected today to announce what will likely be the biggest Internet IPO  in Chinese history. Analysts expect the world's most-visited import/export site to pull in an estimated $1.3 billion from Hong Kong...

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