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Articles tagged with: china

Business News & Advice »

[9 May 2017 | No Comment | ]

The first large Chinese-made passenger jetliner took off Friday on its maiden test flight, a symbolic milestone in China’s long-term goal to break into the Western-dominated aircraft market.
China is touting the C919 as a rival to single-aisle jets the Airbus A320 and Boeing 737. The plane was originally due to fly in 2014 before being delivered to buyers in 2016, but has been beset by delays blamed on manufacturing problems.
If the maiden flight is successful, the aircraft’s maker, state-owned Commercial Aircraft Corp. of China Ltd., or Comac, will then seek …

Health and Beauty »

[5 Mar 2017 | No Comment | ]

For people with a certain type of migraine headache, regular acupuncture treatments may help reduce the frequency of these debilitating attacks, a recent study from China suggests.
Patients who suffered migraines without aura, and who received five true acupuncture treatments per week for four consecutive weeks had about one less headache per month than similar patients who got the same number of sham acupuncture treatments, researchers report.
“Acupuncture should be considered as one option for migraine prophylaxis in light of our findings,” the authors write in JAMA Internal Medicine.
About 18 percent of …

Personal Development »

[11 Feb 2017 | No Comment | ]

On his first trip overseas in 1980 Newcastle boy David Morley met a spirited Chinese teenager. Ma Yun was hanging around the tourist area of scenic Hangzhou, hoping to practise English.
The pair played Frisbee in the park and went on to become pen pals. David’s father Ken took Yun under his wing, correcting his ­English in double-spaced letters the youngster wrote to Newcastle. In 1985, Yun left China for the first time after Ken invited him to the Morleys’ NSW home.
It was a defining point in an ­enduring friendship between …

Money Matters »

[10 Jan 2017 | No Comment | ]

China’s foreign exchange reserves fell by $320 billion last year, Beijing announced Saturday, as authorities sought to support the yuan against a soaring dollar which is encouraging capital outflows.
The country’s vast foreign exchange reserves, the largest in the world, slipped to $3.011 trillion at the end of December, the State Administration of Foreign Exchange (SAFE) said on its website.
In December the forex reserves dropped by $41 billion from the previous month, SAFE said, which would make it their sixth consecutive monthly decline according to figures from the central People’s …

Health and Beauty »

[9 Jan 2017 | No Comment | ]

In a sign of improving cooperation between the U.S. and China to fight the global drug trade, the Drug Enforcement Administration will open a new office there and its top chief will visit next week for the first time in more than a decade.
The DEA said acting administrator Chuck Rosenberg will visit Beijing, Guangzhou and Hong Kong Monday through Thursday, at the invitation of China’s Ministry of Public Security. The last time the head of the DEA visited the country was 2005.
The planned new office in the city of Guangzhou …

Headline »

[3 Jan 2017 | No Comment | ]

China says it plans to shut down its ivory trade by the end of 2017 in a move designed to curb the mass slaughter of African elephants.
The Chinese government will end the processing and selling of ivory and ivory products by the end of March as it phases out the legal trade, according to a statement released on Friday.
China had previously announced it planned to shut down the commercial trade, which conservationists described as significant because China’s vast, increasingly affluent consumer market drives much of the elephant poaching across Africa.
“This …

Headline »

[2 Jan 2017 | No Comment | ]

The world’s highest bridge has opened to traffic in China, connecting two provinces in the mountainous southwest and reducing travel times by as much as three-quarters, local authorities said Friday.
The Beipanjiang Bridge soars 565 meters above a river and connects the two mountainous provinces of Yunnan and Guizhou, the Guizhou provincial transport department said in a statement on its official website.
The bridge cut travel times between Xuanwei in Yunnan to Shuicheng in Guizhou from more than four hours to around one, a truck driver surnamed Duan was quoted by the …

Headline »

[1 Jan 2017 | No Comment | ]

China has ambitious plans to be the first country to land a probe on the far side of the moon, a white paper released on Tuesday by the country’s cabinet has revealed.
After decades of attempting to catch up with US and European space agencies, China’s National Space Administration has outlined their ambitious space strategy for the next five years – at a time when US space spending has been wound back.
The Chang’e Four mission aims to conduct geological research and low-frequency radio astronomy in an attempt to better understood the …

Business News & Advice »

[31 Dec 2016 | No Comment | ]

The Chinese government said Friday it will ease restrictions on foreign investment in sectors ranging from banking and internet services to rail equipment and motorcycles, in response to mounting complaints from foreign business groups and governments.
An official with China’s National Development and Reform Commission, the economic planning agency, said service sectors such as accounting and auditing, architectural design and ratings services will be open to foreign investment.
In manufacturing, barriers to foreign investment will be lowered in sectors such as rail transportation, motorcycles and ethanol fuels, according to an official transcript …

Business News & Advice »

[26 Dec 2016 | No Comment | ]

General Motors Co’s main joint venture in China was fined $29 million on Friday on charges it suppressed competition by enforcing minimum sales prices for dealers, the latest in a string of penalties against foreign auto brands under the country’s anti-monopoly law.
Chinese regulators have punished companies in industries from milk to medical devices under a 2008 anti-monopoly law in what appears to be an effort to force down consumer prices.
Friday’s announcement followed public criticism by U.S. President-elect Donald Trump of Chinese trade practices but there was no indication the case …