Infrastructure bank promotes win-win co-op in Asia

Tuesday, July 4, 2017

The Asia Infrastructure Investment Bank (AIIB) was established on Oct 24 with an initial capital of $50 billion and 21 participant states. AIIB is a diplomatic victory for China, despite opposition from the United States, says an article in the 21st Century Business Herald. Excerpts:The AIIB will be another international financial organization independent from the read more »

China eyes reform, innovation to drive less-developed areas

Monday, July 3, 2017

Chinese Premier Li Keqiang (C) visits a navel orange planting base in Ruijin, East China’s Jiangxi province, Aug 22, 2016. Li made an inspection tour in Jiangxi from Aug 22 to 24. NANCHANG – Premier Li Keqiang has stressed the need for more reforms and innovation to boost economic growth in the less-developed central and read more »

Volkswagen Import showcases 16 models at 2015 Chengdu Motor Show

Sunday, July 2, 2017

Till Scheer, managing director of Volkswagen Import, with the all new Golf GTE at the Chengdu Motor Show, says environmental awareness is increasing in China. Volkswagen Import has presented 16 vehicle models to the ongoing Chengdu Motor Show, with the lineup led by Volkswagen’s first plug-in hybrid-the all new Golf GTE.In addition to the unveiling read more »

UK healthcare worker tests positive for Ebola in Sierra Leone

Sunday, July 2, 2017

Liberia’s last known Ebola patient Beatrice Yardolo sits in the exit portion of a Chinese Ebola treatment unit, where she was treated, in Monrovia, Liberia, March 5, 2015. LONDON/FREETOWN – Britain said on Wednesday a military healthcare worker had tested positive for Ebola while working in Sierra Leone and airport officials there said the patient read more »

EWB expands in Texas

Saturday, July 1, 2017

Chinese Consul General in Houston Li Qiangmin (third from left), Dominic Ng (fourth from left), chairman and CEO of East West Bank (EWB), and Wendy Cai-Lee (right), executive vice-president of EWB, join in the ribbon-cutting ceremony. MAY ZHOU / CHINA DAILYLocal business and community leaders joined East West Bank (EWB) to celebrate the opening of read more »

Egypt to probe transport minister over bus tragedy

Saturday, July 1, 2017

CAIRO – Egypt’s Prosecutor General Abdel- Meguid Mahmoud ordered an investigation with the resigned transportation minister over a deadly collision between a train and a school bus, official news agency MENA reported on Saturday.Mohamed Rashad al-Matini, Minister of Transportation, has submitted resignation earlier the same day to President Morsi, and Morsi accepted it.Prosecutor Mahmoud has read more »

China’s farm produce prices rise slightly

Friday, June 30, 2017

Farm produce prices in 36 major Chinese cities rose slightly in the week ending Jan. 5 compared with the previous week, according to Ministry of Commerce statistics on Tuesday.Average wholesale prices of 18 kinds of vegetables rose 2.9 percent from a week earlier, while the costs of bitter gourds and eggplants increased 10.7 percent and read more »

China launches first mobile telecom satellite

Friday, June 30, 2017

The Tiantong-01 satellite was launched at 00:22 am Beijing Time, at southwestern China’s Xichang Satellite Launch Center, with the Long March-3B carrier rocket. XICHANG, Sichuan — China on early Saturday successfully launched the first satellite for mobile telecommunication. The Tiantong-01 satellite was launched at 00:22 am Beijing Time, at Southwestern China’s Xichang Satellite Launch Center, read more »

State auto company invests heavily to drive sales

Thursday, June 29, 2017

CHONGQING — State-owned auto company Chang’an AutoMobile Group will pump 30 billion yuan ($4.7 billion) in the next five years into the brand’s research and development as it seeks to boost sales amid a sluggish car market.The group will allocate at least 5 percent of its annual turnover to R&D each year, which will amount read more »

Environmental court opens in NW China province

Thursday, June 29, 2017

XINING – A special court for environmental cases has been established in northwest China’s Qinghai province to provide legal service for environmental protection work in the Sanjiangyuan area.The Sanjiangyuan environmental court, affiliated with the Yushu City People’s Court, was approved by the Higher People’s Court in Qinghai province and was established on Tuesday, according to read more »

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