admin on February 15th, 2011

SEOUL (Reuters) – A top Chinese official has backed ailing North Korean leader Kim Jong-il’s plans to hand power to his son, the North’s state media said on Tuesday, hailing the “successful solution” to allow continued socialist rule.
Meng Jianzhu, China’s public security minister, congratulated Kim’s youngest son Jong-un on his appointment as vice-chairman of the [...]

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admin on February 14th, 2011

BEIJING, Monday 14 February 2011 (AFP) – China said on Monday its politically sensitive trade surplus fell 53.5% to $6.45 billion in January as both exports and imports surged ahead of the country’s Lunar New Year holidays.
Exports increased 37.7% from a year earlier in January, while imports jumped 51%, the General Administration of Customs said.
The [...]

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admin on February 11th, 2011

BEIJING, Thursday 10 February 2011 (AFP) – China defended its foreign exchange rate policy on Thursday, one day after US Federal Reserve Chairman Ben Bernanke urged Beijing to let the value of its yuan currency rise.
Foreign ministry spokesman Ma Zhaoxu told a regular news briefing that Beijing’s controls on the yuan were in the country’s [...]

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admin on January 29th, 2011

SHANGHAI, Friday 28 January 2011 (AFP) – China’s long-awaited first property taxes took effect on Friday in Shanghai and the mega-city of Chongqing in the southwest, as the country tries to reform its booming real estate market.
People buying higher-end second homes in Shanghai, China’s wealthiest city, and Chongqing, home to 30 million people and the [...]

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admin on January 21st, 2011

BEIJING, Thursday 20 January 2011 (AFP) – China said Thursday that its economy grew a blistering 10.3% in 2010, marking the fastest annual pace since the onset of the financial crisis and underlining the country’s growing might.
Gross domestic product in China rose by 9.8% in the fourth quarter, exceeding analyst expectations, while consumer inflation lost [...]

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