CPC recharged for the future

China celebrated the 90th anniversary of the founding of the Communist Party of China (CPC) earlier this month; in fact, the celebrations continue. The history of the CPC is the history of modern China. The…

Coping with global inflation

US dollar devaluations mean China should improve its innovation and transform its economic development mode The global financial crisis that erupted three years ago and has taken its toll on the global economy is in…

Tiananmen massacre a myth

Gregory Clark, a former Australian diplomat who specializes in Chinese affairs, wrote an article in Japan Times recently, saying the Western media forged the so-called Tiananmen myth. Excerpts: The recent WikiLeaks release of cables has…

China Telecom will offer iPhone

Move would help increase the company’s population of 3G users HONG KONG – China Telecom Corp Ltd plans to offer its 106 million subscribers Apple Inc’s iPhone by the end of 2011, sources said on…

Zhu Min nominated to prominent IMF role

Appointment reflects rising voices of emerging economies: Analysts NEW YORK – The nomination of Zhu Min, special adviser to the head of the International Monetary Fund (IMF), as a deputy managing director of the fund,…

Tesco opens logistics center as it expands

JIASHAN, Zhejiang province – Tesco Plc China will open more than 20 stores this year and has opened its first freehold and largest logistics center in coastal Zhejiang province. Tim Ashdown, chief executive of Tesco…

Growth eases fears of hard landing

BEIJING – A northbound train on the newly opened Beijing-Shanghai high-speed line broke down on Wednesday, the third such incident since Sunday when services were disrupted by power outages. The Beijing railway bureau said on…

Failure to prevent oil leaks riles watchdog

BEIJING – China’s ocean watchdog sharply criticized ConocoPhillips China Inc on Wednesday for not having an effective means of preventing oil leaks. It also warned of new leak risks in an oilfield that was the…

Temasek denies ABC share sale

BEIJING – Temasek Holdings Pte said on Wednesday that it will not sell its shares in Agricultural Bank of China Ltd (ABC). The comments came after the Singapore government investment company sold stakes in Bank…

BYD’s net profit to drop 85% or more

BYD Co Ltd expects its net profits to plummet 85 percent to 95 percent for the first half of this year, compared to the same period a year ago, China Business News reported on Wednesday….