Latest Asia Pacific News
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Chinas investment does not match status as Australias top trade partner
China's investment in Australia does not match her status as the nation's largest trade partner, said Duan Jielong, China's Consul-General in Sydney on Tuesday. In a speech to Australia China Business Council (ACBC), Duan said as more and more Chinese companies come to Australia to invest, there seems to be some concerns about Chinese investment being too much and growing too ...
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Expert Chinas 130 national languages still thriving
China's 130 national languages have still been inherited and continue to develop among 1.3 billion people despite the impact of globalization and regional economic development, said a linguist from an authoritative dialect research agency on July 10, 2011.According to statistics, there are more than 6,000 languages in the world, of which more than 2,500 languages are in an extremely ...
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Chinas yuan hits record high of 6.4470 against USD Tuesday
The Chinese currency Renminbi, or the yuan, gained 33 basis points to 6.4470 per U.S. dollar on Tuesday, the highest since China started the exchange rate reform six years ago, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day. The central parity ...
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Chinas H1 logistical expenses up 18.5 year-on-year
China's expenditures on logistical services totaled 3.7 trillion yuan (around 570 billion U.S. dollars) in the first half of 2011, an increase of 18.5 percent year-on-year, statistics showed. The spending accounted for 18 percent of the country's gross domestic product (GDP), the China Federation of Logistics and Purchasing and the China Logistics Information Center said in a report ...
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Chinas industrial profits up 28.7 pct in H1
Profits for China's industrial businesses rose 28.7 percent year-on-year to 2.41 trillion yuan (374 billion U.S. dollars) in the first half of this year, the National Bureau of Statistics (NBS) announced Wednesday. The NBS figures showed that combined revenues for the country's industrial firms rose by 29.7 percent from a year earlier to reach 38.86 trillion yuan from January to June. ...
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Chinas Lunar Exploration Program
China had collected all the data needed to draw its first full map of the moon surface and was almost done with the mapping work, Sun Jiadong, the chief designer of the country's Chang'e -1 lunar probe has ...
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Opposition party demands Parks apology over spokesman sacking
The main opposition Democratic Part(DP) urged President Park Geun-hye Friday to publicly apologize over allegations that her spokesman had sexually assaulted a young woman in the United States earlier this week. The allegations emerged after Park's office announced earlier in the day that the president had fired her spokesman, Yoon Chang-jung, during her five-day official visit to the U.S. ...
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China stocks plunge on US debt train crash
Chinese stocks tumbled Monday as investors sold off holdings increasingly worried about a possible default of government debt by the United States which is to bring the global economy back to a serious slowdown. Also, railway shares plunged after the weekend deadly high-speed train wrecking accident in East China's Zhejiang Province which has killed at least 36 people and injured more than ...
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China calls for stronger coordination between peacekeeping peacemaking peacebuilding
In order to address new challenges, coordination between UN peacekeeping operation, peacemaking and peacebuilding efforts needs to be strengthened, Wang Min, deputy permanent representative of the Chinese Mission to the United Nations said here on Wednesday.Wang made the remarks when he addressed a UN Security Council's open meeting on UN peacekeeping operations.He pointed out that as ...
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China announces enforcement regulations for amended personal income tax law
The State Council, or China's cabinet, on Wednesday announced new regulations designed to facilitate the enforcement of the country's new individual income tax law, which features an increased monthly tax exemption threshold.Premier Wen Jiabao signed a State Council order to approve the creation of the regulations, which are set to take effect on Sept. 1, 2011.The National ...
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Vice premier urges all-out rescue efforts after deadly train collision in China
Chinese Vice Premier Zhang Dejiang (C) presides over an meeting on relief work and investigation of the high-speed train crash in Wenzhou, east China's Zhejiang Province, July 24, 2011. Zhang is leading a work team in Wenzhou to assist in relief work and conduct an investigation into the accident. (Xinhua/Wang Ye)Chinese Vice Premier Zhang Dejiang on Sunday urged local authorities to ...
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China refutes claims RMB undervalued
As of July 21 of 2011, the RMB exchange rate reform had been implemented for 10 years. On that day, the average exchange rate of the RMB against the U.S. dollar was 6.4536, which was a new record since China exchange rate reform started. Since 2005, the RMB has appreciated by almost 22 percent against the U.S. dollar. However, such a great RMB appreciation still has not satisfied the United ...
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China seeks win-win development with Asia
BEIJING, March 10 (Xinhua) -- Residents in Hekou in southwest China can still recall its former days as a quiet, anonymous town that attracted few visitors from neighboring Vietnam for business or sightseeing.But major changes have hit the town in Yunnan province. With two roads and one rail line linking it with Vietnam, Hekou has become a bustling hub for Vietnamese visitors buying bargain ...
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Central bank governor China always confident in euro
China welcomed European Union's agreement on the 109 billion euro bailout plan for Greece and has been confident of the stability of the euro zone and other member countries in the past, present or future, said Zhou Xiaochuan, governor of People's Bank of China on July 23 during an interview with Financial Times. Bailout plan helps bring financial stability After eight hours of ...
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17 Children Dead in Pakistan School Bus Accidental Blast
A police officer in the city of Gujrat said the 17 victims burned to death when their bus caught fire in the blast. He said several other children were injured and hospitalized. Gujrat is about 200 kilometers southeast of the capital, ...
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What China-Switzerland FTA brings about
China and Switzerland on Friday concluded their talks over a bilateral free trade agreement (FTA), which will be the first between Beijing and continental Europe.The achievement was hailed as a "milestone" by political leaders and business community, while Swiss media described it as one of the most important international deals in 40 years for Switzerland.Chinese Premier Li Keqiang, ...
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Radioactive substances leak at lab after incident in Japan
Japanese nuclear authorities said Saturday that radioactive substances leaked from a nuclear physics laboratory of the Japan Atomic Energy Agency in Ibaraki prefecture after an incident on Thursday, local media reported.About 55 researchers and others who engaged in an experiment to generate particles by applying a proton beam to gold may have been exposed to radiation as a result of inhaling ...
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Air China to buy 100 Airbus planes
Air China, the country's leading carrier, and its subsidiary Shenzhen Airlines have signed deals to buy a total of 100 Airbus 320-series planes for 8.85 billion U.S. dollars, Air China announced ...
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Taiwan slashes 2013 GDP growth forecast
Taiwan on Friday slashed its 2013 GDP growth forecast to 2.4 percent from 3.59 percent as the faltering global economic recovery weighs on the island's ...
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After Kabul attacks 10000 peace balloons
After a day of explosions and gunfire, residents of Kabul woke up on Saturday morning to be greeted by a public art project in which volunteers handed out 10,000 neon-pink "peace" ...
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China agrees to give US regulators access to audit records
China has agreed to give US regulators access to audit records for Chinese companies whose shares trade on US stock exchanges, a step forward in a long-running dispute.The Public Company Accounting Oversight Board, a watchdog agency for the accounting industry, announced the agreement with China on Friday.The Securities and Exchange Commission has accused about a dozen Chinese companies of ...
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Three survive US bridge collapse new span sought
MOUNT VERNON , Washington: Authorities searched for a temporary span after a key bridge linking the US and Canada collapsed, dumping a handful of vehicles and people into the icy water. All three people who fell into the Skagit River in northwestern Washington state escaped with only minor injuries. The four-lane Interstate 5 bridge collapsed about halfway between Seattle and Vancouver, British ...
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UK fighter jets escort Pak plane after midair scare
Pakistan International Airlines pilot sent out an emergency call alarmed by two men trying to barge into the cockpit. Both the men were arrested after the plane was escorted by Royal Air Force fighters and diverted from Manchester to the ...
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Activist heckles Obama during his speech
President Barack Obama's planned counterterrorism speech was temporarily derailed several times on Thursday when activist Medea Benjamin shouted criticisms of the administration's use of drones and operation of the Guantanamo Bay detention camp. Benjamin, co-founder of peace activist group Code Pink, was seated in the audience at National Defense University in Washington, D.C., where ...
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Taiwanese students disguised as Japanese for self-protection in Philippines
(Photo:Agencies) A Taiwanese medical student studying in the Philippines told reporters he had to disguise himself as a Japanese to protect himself from being attacked by locals as tension escalated after the shooting incident, Taiwan Central News Agency reports on Sunday. The student, surnamed Wu, expressed concerns about his perfonal safety, saying that he never seen such tension between the ...
Singapore Featured
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Singaporean expansion of MRT leads to disruption
Singapore’s Mass Rapid Transit System (MRT) is not very big in comparison to Shanghai, Beijing or Tokyo, but proportionate to the size of Singapore and the city-state’s population, it is an extremely successful and extensive public transport system and one that the Land Transport Authority (LTA) plans to grow even further.
Singapore has a population of around 5 million, which is important when placing the MRT in context, it has a daily ridership of 2 million, giving it a commuter penetration of at least 40%, which does not take into account the fact that not all 5 million Singaporeans commute on a daily basis or use public transport. Read more
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