Fugitive Lai deported to China

BEIJING – Alleged smuggling kingpin Lai Changxing was repatriated back to China on Saturday afternoon 12 years after fleeing to Canada, according to the Ministry of Public Security. Chinese police announced his arrest and read him…

Beijing gets respite from heatwave

BEIJING – New rounds of drenching rain will continue in the capital this week, after a Sunday downpour put an end to the oppressively hot and hazy weather. “Torrential rain will cover the whole city…

Tibetan regional bank established

China’s top banking regulator announced o Sunday that it has given the nod to the establishment of a regional bank in the Tibet Autonomous Region, with initial capital totaling to 1.5 billion yuan ($233 million)….

Ore target to break foreign grip

BEIJING – China, the world’s largest steelmaker and iron ore consumer, has set a target of dramatically increasing ore imports from Chinese-invested resources in the steel industry’s 12th Five-Year Plan (2011-2015), an industry official said….

Ministry apologizes for deadly train crash

WENZHOU – An official with China’s Ministry of Railways late Sunday delievered an apology to all passengers following a deadly train collision in the eastern province of Zhejiang, which left 35 people dead and 192…

After tiger mom, here comes the tiger wife

When Wendi Deng made a rare public appearance a month ago at the Shanghai International Film Festival, together with her husband Rupert Murdoch, the strongest impression she left on my colleague was her height: “She…

Mercedes opens global design center in Beijing

Move underscores influence of Chinese market on vehicle trends BEIJING – German automaker Daimler AG inaugurated its fifth Mercedes-Benz Global Advanced Design Center in Beijing on Thursday, a sign of the growing importance of the…

Apple surpasses Lenovo revenue in China

Apple Inc may have surpassed Lenovo Group Ltd’s revenue in China for the first time in at least a decade as the iPhone-maker’s surge in sales hurt growth at the biggest Chinese computer maker, Bloomberg…

RIT head Rothschild outlines blueprints

BEIJING – China’s 12th Five-Year Plan (2011-2015) presents huge opportunities for Chinese and foreign investors, and UK-based RIT Capital Partners PLC plans to explore them, said Jacob Rothschild, RIT chairman. Rothschild said he is getting…

Nokia loses Chinese market

Nokia Oyj isn’t just losing mobile- phone market share to iPhone maker Apple Inc, but also loosing its dominance in China as prices sink, Bloomberg reported. Nokia’s second-quarter handset shipments in China fell to 11.3…