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| July 03, 2009 |
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our time will build eternity |
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UN sees tourist numbers sharply down in 2009 Madrid (AFP) July 2, 2009 
The UN World Tourism Organisation revised its 2009 global tourism forecast sharply down Thursday due to a worsening economic outlook and uncertainty over the impact of the swine flu pandemic. In the June edition of its "World Tourism Barometer", the Madrid-based body forecast international tourism would decrease between four and six percent this year. In January it had predicted a decline of ... read moreTaiwan allows Chinese investments 
Taipei, Taiwan (UPI) Jul 2, 2009 Communist China, ever since its founding in 1949, has never given up its sovereign claim on Taiwan, but the island nation's new president has sought to put relations between the two countries on a more even keel since taking office in May 2008. The impact of Taiwanese President Ma Ying-jeou's policy was evident again Tuesday when his nation began accepting investments from the mainland ... more
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Rio Tinto seals rights issue with help from Chinalco
London (AFP) July 2, 2009Miner Rio Tinto said on Thursday that investors led by Chinese aluminium giant Chinalco had snapped up all its new London-listed shares, as it looks to raise 15.2 billion dollars (10.8 billion euros). The Anglo-Australian group had announced plans on June 5 to raise 11.8 billion dollars from the sale of fresh London-listed stock and 3.4 billion dollars from new shares listed in Sydney. ... more China blasts US climate bill enabling penalties on trade partners 
Beijing (AFP) July 2, 2009China said Thursday it was "firmly" opposed to provisions in a new US clean energy bill that will make it easier to impose trade penalties on nations that reject limits to globe-warming pollution. "China is firmly opposed to such measures," vice foreign minister He Yafei told reporters in Beijing. "We are firmly against such attempts to advance trade protectionism under the pretext of ... more China's violin industry aims high 
Pinggu, China (AFP) July 2, 2009A district near Beijing has become one of the world's centres of violin production in just 20 years -- an industry that is aiming to look upwards and inwards amid growing domestic demand. Geng Guosheng opened a small workshop here in Pinggu at the beginning of the 1990s, and he now employs around 20 people -- a number that fluctuates as orders come and go. "Before making violins we were ... more Protectionism on rise in China, says EU business group 
Beijing (AFP) June 30, 2009Chinese protectionism is on the rise, the European Chamber of Commerce in China warned Tuesday, as Beijing moves to fend of criticism that it is favouring its own firms over foreigners. The chamber said a survey covering 313 European enterprises showed that 43 percent expected local governments to favour businesses in their own areas in hopes of boosting the economy, it said. "Our ... more |
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China edges closer to Papua New Guinea
Port Moseby, Papua New Guinea (UPI) Jun 30, 2009 Papua New Guinea and China have said they will expand their military ties, according to Chinese media. A military exchange cooperation agreement was with Papua New Guinea Defense Force Commander Peter Ilau on a visit to China, the report said. Chinese Defense Minister Liang Guanglie said they will move ahead in a "stable and sustained way." The chief of staff of the Chines ... more China delays Internet filter: state media 
Beijing (AFP) July 1, 2009China has delayed a plan requiring that all new computers come with a Chinese-made Internet filtering software programme, state media reported Tuesday, hours before it was to take effect. China had planned to implement the controversial rule beginning Wednesday but it has been postponed, the official Xinhua news agency said, citing the Ministry of Industry and Information Technology. ... more Walker's World: The new trade wars 
Zurich, Switzerland (UPI) Jun 29, 2009 The Swiss franc is not what it used to be, and the country's central bank last week decided to break with tradition and intervene directly in the currency markets. Long a byword for stability and reliable value in hard times, the Swiss franc has recently been going up and down like a yo-yo. So the central bank has started selling its own francs to set a floor at 1.50 to the euro. ... more China halts metals stockpiling for now: report 
Shanghai (AFP) June 29, 2009Beijing has suspended buying non-ferrous metals for state reserves after government stockpiling led to a surge in prices, Chinese media reported. China has been building its inventories of metals, including 235,000 tonnes of copper, over recent months, Caijing magazine reported on its website over the weekend, citing Yu Dongming, an official with the state economic planner. China also ... more |
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