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China » Foreigners love to buy Chinese books
The Olympic Games are firing up a Chinese culture fever, and bookstores in Beijing are greeting a lot more foreign readers than before, according to Beijing Daily. The most obvious change is the increase in sales of many foreign-language books. Deputy Director of the marketing and management centre in the Beijing Book Building Zhang Zheng said: "Sales of foreign-language books … [Link]
China » Beijing fulfilling its commitment on air quality for Olympics
As the city's air quality had all reached the standards to host the Olympics in all 18 days of August before Tuesday, the Chinese capital was making strides in fulfilling its commitment on good air quality for the Games, a Beijing official said. "In the 18 days between Aug. 1 and Aug. 18, Beijing's air quality was within the standards … [Link]
China » New homes rise for China quake survivors
Earthquake survivors have seen their new permanent residences being built in southwestern Sichuan Province, 100 days after the May 12 disaster, but it's still unclear whether the many buildings that collapsed met quality standards. "The construction of permanent residences for quake survivors first started in the rural areas," said Huang Yanrong, Sichuan Province vice governor, at a press conference here … [Link]
China » Rains, floods affect lives of almost 420,000 in E China
Torrential rains and flooding that left one person dead affected the livelihoods of 419,300 people in east China at the weekend, the Anhui provincial civil affairs bureau said on Tuesday. More than 1,200 people were evacuated in the three days of rain from Friday to Sunday. Initial estimates showed 1,200 homes and more than 21,600 hectares of crops were destroyed, … [Link]
China » Olympics not to be the dividing crest for China's economy
Experts predict that given the limited proportion of economic growth and investment increase induced by the Olympics compared with China's economic total volume, the influence of the Olympics on the country's overall economy seems insignificant. China had solemnly pledged to host a unique and successful Olympics and regarded the grand sports event a valuable momentum to further beef up its … [Link]
China » Best payment for volunteers
Since the Olympic Games began in China, more and more people have been paying attention to this country with a long history. Thousands of foreigners have come to China to watch wonderful competitions. Among them, sports ministers are an eye-catching group. Early this year, I was given the honor of being chosen from among thousands of volunteers to be one … [Link]
China » Chinese president appoints new ambassadors
President Hu Jintao has appointed 10 new ambassadors in line with decisions adopted by the Standing Committee of the National People's Congress, China's top legislature. Li Beifen was appointed ambassador to the Republic of Tunisia, replacing Liu Yuhe. Zhang Yuanyuan was appointed ambassador to the Kingdom of Belgium, replacing Zhang Qiyue. Zhang Qiyue was appointed ambassador to the Republic of … [Link]
China » Maotai distiller hopes sorghum recycling idea will fly
A distiller of maotai, the sorghum-based drink known as China's national liquor, plans to invest millions of U.S. dollars to get bugs to digest its dregs. "The biological recycling investment is not just for the purpose of environmental protection, but also to use organic resources through the recycling process," said Yuan Guoren, chairman of the board of the Shanghai-listed Maotai … [Link]
China » Hong Kong stocks dive to year-low, tracking Wall Street
Hong Kong stocks dived to the year's lowest level on Tuesday, slumped by Wall Street's woes overnight due to worsening global economic crisis. The benchmark Hang Seng Index Hong Kong stocks lost 254.92 points, or 1.22 percent, to open at 20,675.75 and once narrowed the losses to 28.16 points, or 0.13 percent, to the day's highest 20,902.51. Market sentiment worsened … [Link]
China » Hong Kong, France sign memo on cooperation in wine-related businesses
Hong Kong and France signed a Memorandum of Understanding (MOU) on cooperation in wine-related businesses on Tuesday. The Hong Kong-France Memorandum of Understanding on Cooperation in Wine-related Businesses was signed by Secretary for Commerce and Economic Development of HKSAR government Rita Lau and French Minister for Agriculture and Fisheries Michel Barnier. This first MOU that Hong Kong had signed on … [Link]
China » China closes small thermal generators with 14.38 mln kw capacity in 2007
China shut small coal-fired power generators with a total capacity of 14.38 million kw last year, the country's electricity and economic regulators said on Tuesday. According to the State Electricity Regulatory Commission and the National Development and Reform Commission, the figure accounted for 28.76 percent of the total capacity the country planned to close during the 11th Five-year-plan (2006-2010). Most … [Link]
China » China's quake-hit Sichuan to invest 11.6 bln dollars to restore tourism
Quake-hit Sichuan Province will invest about 80 billion yuan (11.6 billion U.S. dollars) to restore its tourism industry, the province's top tourism official said on Tuesday. Zhang Gu, the Sichuan Provincial Tourism Bureau director, told reporters here that the bureau had completed a post-quake reconstruction plan involving more than 300 projects. The funding, 30 percent of which comes from the … [Link]
China » Macao's gaming tax revenues soar 51.4% in first 7 months
Macao Special Administration Region (SAR) government's income from direct gaming taxes for the first seven months of this year rose 51.4 percent year-on-year to 24.24 billion patacas (3.03 billion U.S. dollars), according to the figures Tuesday released by the SAR's Finance Service Bureau (DSF). The gaming taxes collected in the first seven months of this year has already exceeded those … [Link]
China » China to raise on-grid price of coal-fired power plants
China will raise the price of coal-fired electricity at which power grid operators buy from generators beginning from Wednesday, in a bid ease cost pressure for generators and power shortage in certain regions, according to the country's economic regulator on Tuesday. The on-grid price of coal-fired electricity will be raised by 0.01 yuan (0.145 U.S. cents) to 0.025 yuan per … [Link]
China » Dominican president, PM arrive in Beijing for Olympics
President of the Commonwealth of Dominica Nicholas Liverpool and Prime Minister Roosevelt Skerrit arrived at the Beijing Capital International Airport on Tuesday for the Olympic Games. &$&$Source: Xinhua&$&$ … [Link]
China » Used Olympics tickets get second life among Chinese collectors
Used tickets from the Olympics have become a much sought-after item among Chinese collectors since the Games began. On popular Chinese collectors' websites, an ordinary used ticket for track and field was going for about 50 yuan (7.3 U.S. dollars) while tickets to popular fixtures such as the China-U.S. basketball preliminary were going for some 300 yuan. When China met … [Link]
China » Many go mobile to get Olympics news by cellphone
A record 250,000 subscribers used their cellphones in or around the National Stadium to share the excitement of the Olympics opening ceremoney there on Aug. 8, a telecommunications company official said on Tuesday. "That's a new record in Olympic history, nearly double the number of mobile users during the Athens Olympic opening ceremony in 2004," a spokesman with the China … [Link]
China » Chinese shares post 1% recovery in low volume
Chinese shares made a modest, broad-based recovery amid anemic volume on Tuesday, making up some of the losses from Monday's 5.3-percent slide as electricity and bank shares performed well. The benchmark Shanghai Composite Index rebounded 1.06 percent, or 24.60 points, to 2,344.47. The Shenzhen Component Index closed at 7,963.57 points, up 130.48 points, or 1.67 percent. Aggregate turnover plunged to … [Link]
China » China Merchants Bank reports 116% rise in 1H net profit
First-half net profit for Shanghai-listed China Merchant Bank was 13.245 billion yuan (1.928billion U.S. dollars), up 116.42 percent year-on-year, it said in an online statement on Tuesday. Net interest income accounted for 83.91 percent of the total, down 0.12 percentage points year-on-year, and net non-interest income generated 16.09 percent, up 0.12 percentage points. The bank said the surge in net … [Link]
China » China's national postal museum admission-free from Aug. 22-24
Visitors will be able to enjoy the collections of valuable stamps admission-free from Aug. 22-24 at the Beijing-based National Post and Postage Stamp Museum. The collections include the first set of Olympic stamps and the stamps that were issued for this year's Beijing Olympics. The museum is open from 9 a.m. to 3:30 p.m. during the period. The move marks … [Link]
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