China backs UN efforts on Syria

Hong-LeiBeijing, Sep 6: China supports the United Nations' efforts to resolve the Syria issue, foreign ministry spokesman Hong Lei said Friday.

"We hope relevant parties continue to keep in touch and deepen negotiations to seek a peaceful, proper solution on Syria," Xinhua quoted Hong as saying.

His remarks came in response to a US move to carry out military action without UN approval and the accusation levelled by the US that Russia has taken the Security Council "hostage" on Syria.

China's yuan weakens against US dollar

yuan-vs-dollarBeijing, Sep 6 : The Chinese currency renminbi or yuan retreated 32 basis points to 6.1728 against the US dollar Friday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day, reports Xinhua.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices before the opening of the market each business day.(IANS)

Moon landing mission to use 'secret weapons'

Chang'e-3-lunarBeijing, Sep 5 : Multiple "secret weapons" will be used on China's Chang'e-3 lunar probe, scheduled for launch at the end of this year for a moon landing mission, a key scientist has said.

The mission will see a Chinese orbiter soft-land on a celestial body for the first time, Global Times reported.

In addition to several cameras, Chang'e-3 will carry a near-ultraviolet astronomical telescope to observe stars, the galaxy and the universe from the moon, said Ouyang Ziyuan, a senior advisor to China's lunar programme.

China lowers 2012 GDP growth

China-GDPBeijing, Sep 2 : China's statistics authority Monday lowered the country's growth rate for 2012 to 7.7 percent based on its preliminary verification.

The revised gross domestic product (GDP) came in at 51.89 trillion yuan ($8.41 trillion), down 38 billion yuan from the preliminary calculation figure that put the annual rate at 7.8 percent, Xinhua reported citing the National Bureau of Statistics (NBS).

Primary industries took up a 10.1 percent share in the GDP structure, while the secondary and tertiary sectors accounted for 45.3 percent and 44.6 percent, respectively, remaining unchanged from the preliminary calculation.

China’s manufacturing sector grows for first time in four months

China’s manufacturing sector grows for first time in four months After suffering contraction for as many as four months, China's manufacturing sector swung back to recovery in August, thanks to rebounding domestic demand.

The HSBC purchasing managers' index jumped from 47.7 in July to 50.1 in August this year. It may be noted here that a reading below 50 indicates contraction while a reading of above 50 indicates expansion in an economic sector.

Chinese president visits aircraft carrier Liaoning

Xi-JinpingBeijing, Aug 30 : China's President Xi Jinping visited the Shenyang military theatre of operations and watched a training session of Liaoning, China's first aircraft carrier.

Xi, also chairman of the central military commission, called on the military to deeply implement the goal of strengthening the troops so as to constantly enhance the ability of fulfilling missions, Xinhua reported.

Xi, who is general secretary of the Communist Party of China Central Committee, urged the military to make greater contributions to safeguard national sovereignty, security and development interests.

China increases investment in Africa

chinese-flagBeijing, Aug 29 : China has been striving to enhance investment and financial cooperation with African countries to improve the quality and level of China-Africa cooperation, according to a white paper released Thursday.

China's direct investment in Africa increased from $1.44 billion to $2.52 billion, with an annual growth of 20.5 percent from 2009 to 2012, Xinhua reported citing the white paper on Sino-Africa economic and trade cooperation published by the Information Office of the State Council.

China's oil output increases

Chia-crude-oil-outputBeijing, Aug 28 : China's crude oil output rose slightly year-on-year in July, according to data released Wednesday by the country's top economic planner.

The National Development and Reform Commission said in a statement that crude oil production stood at 17.29 million tonnes in July, up 0.3 percent from a year earlier, Xinhua reported.

Last month, the country refined 37.9 million tonnes of crude oil, up 10.9 percent year-on-year. Refined oil products rose by 8.5 percent to 23.28 million tonnes, the commission said.

Golfer Bhullar to defend Macau Open

Gaganjeet-BhullarMacau, Aug 22 : India’s Gaganjeet Bhullar Thursday said he will return here in October to defend his Macau Open title which he won in emphatic style last year.

Leading from start-to-finish, the young star triumphed on 16-under-par 268 total to win by two strokes ahead of American Jonathan Moore and Thai Thitiphun Chuayprakong.

The Macau Golf and Country Club is a hunting ground for Bhullar who also recorded a runners-up finish in 2009 when Thaworn Wiratchant of Thailand was crowned champion.

Chinese daily lauds India's indigenous aircraft carrier

INS-VikrantBeijing, Aug 21 : The launch of India's indigenous aircraft carrier INS Vikrant has demonstrated the country's success in building large ships, a leading Chinese daily said Wednesday.

“The launch of India's home-built aircraft carrier is indeed worth celebrating, because it marks a firm stride toward the indigenization of arms,” Liu Zongyi, assistant research fellow at the Centre for Asia-Pacific Studies, Shanghai Institute for International Studies, wrote in an article in the Global Times Wednesday.

“The triumphant launch of the hull demonstrated India's progress in building giant surface carriers.”

Industrial overcapacity hits China

China-IndustriesBeijing, Aug 17 : More than 1,400 companies in 19 industries in China have been asked to reduce their production due to overcapacity, the ministry of industry and information technology has said.

The reduction must be completed by the end of September and production may not be transferred to other regions, reported Xinhua citing the ministry.

China is the world's biggest producer of steel, aluminium and cement. Overcapacity in a number of sectors has dragged down prices and profit margins for some enterprises amid the country's economic slowdown.

India’s gold demand may hit record high of 1,000 tonnes in 2013: WGC

India’s gold demand may hit record high of 1,000 tonnes in 2013: WGCDemand for gold in India will likely hit its record high of 1,000 tonnes this year, according to the World Gold Council's fresh estimates.

As the Congress-led UPA government is struggling to curb gold imports to arrest the country's soaring current account deficit (CAD), the WGC expects gold demand to increase during the festival & wedding season in the second half of the current year.

Endangered monkey's population increases in China

black-snub-nosed-monkeysBeijing, Aug 10 : The number of black snub-nosed monkeys, an endangered species, has increased from 2,000 to over 3,000 since the 1990s, Chinese scientists announced.

The monkeys, known in China as Yunnan golden hair monkeys, are among the world's most endangered primates. They live in the mountainous forests in Yunnan province and Tibet, Xinhua reported.

Of the 18 groups scattered throughout the mountains, most live in the Baima Snow Mountain Nature Reserve established in 1983.

China posts rise in auto sales

China-auto-salesBeijing, Aug 10 : China's auto sales rose 9.9 percent year-on-year to 1.52 million units in July, the China Association of Automobile Manufacturers (CAAM) said.

Although the volume marked a 13.6 percent drop on a monthly basis, CAAM said the robust year-on-year growth suggests "relatively stable" momentum in the market, reported Xinhua.

In the first seven months, sales totalled 12.3 million units, an increase of 12 percent from the same period last year.

Auto output in the January-July period rose 12.46 percent from a year ago to 12.36 million units, according to CAAM. (IANS)

Sindhu loses in semis, settles for bronze

P-V-SindhuGuangzhou, Aug 10 : Tenth seed P. V. Sindhu lost her women's singles semifinal match in straight games and had to settle for a bronze medal at the World Badminton Championships here Saturday.

World No. 3 Ratchanok Intanon of Thailand beat the 18-year-old 21-10, 21-13 in 36 minutes at the Tianhe Indoor Stadium to extend her head-to-head to 2-0 against Sindhu.

This is only the third instance, and first in women's singles, that an Indian will bring home a medal from the Worlds.

Heart disease kills 9,600 Chinese every day

Heart-diseaseBeijing, Aug 9 : Around 9,590 people in China die from cardiovascular disease each day - or one every 10 seconds, a report said Friday.

China has 290 million patients with cardiovascular disease, said the report by the National Center for Cardiovascular China.

There were 230 million such patients in 2010, Xinhua reported.

The report said the increase was due to poor eating habits, smoking, drinking alcohol and lack of exercise.

The cost of treating heart attacks, brain haemorrhages and strokes has seen an annual increase of 25 percent since 2004, reaching 46 billion yuan (around $7.5 billion) in 2011. (IANS)

World Championships: Sindhu assures India of bronze

P-V-SindhuGuangzhou, Aug 9 : P. V. Sindhu assured India of at least a bronze medal in the World Badminton Championships Friday defeating former World No. 1 Shixian Wang in the women's singles quarterfinals event here.

The World No. 12 beat the seventh seeded Chinese 21-18, 21-17 in 55 minutes at Tianhe Indoor Stadium.

This will be only the third instance that an Indian will bring home a medal at the Worlds.

Prakash Padukone won the men's singles bronze in 1983 at Copenhagen while Jwala Gutta and Ashwini Ponnappa won another bronze in the women's doubles event in the last edition at London in 2011. (IANS)

Lin Dan beats Chen Long to enter semis at badminton Worlds

Lin-DanGuangzhou, Aug 9 : Badminton star Lin Dan of China beat teammate Chen Long in a close quarterfinal 21-13, 22-20 to reach the top four of men's singles at the badminton world championships here Friday.

Arguably the most decorated shuttler of all time, Lin returned to badminton after a year on the sidelines. He dropped to No. 286 in the newly-published world rankings and entered the tournament with a wild card, reports Xinhua.

World No. 2 Chen is obviously in the best form of his life at the moment. Therefore, the encounter between two Chinese shuttlers was keenly awaited.

China's largest n-power firm holds open house

nuclear-power-plant-chinaBeijing, Aug 7 : China's largest nuclear power company Wednesday said it will hold an open house event Aug 7 every year as part of efforts to make its operations more transparent.

The China General Nuclear Power Group (CGN), operator of the Daya Bay nuclear power plant in Shenzhen in Guangdong province, said the event will help boost public trust in the safety of nuclear power, Xinhua reported.

CGN spokesman Hu Guangyao said the company can provide timely responses to safety concerns through increased communication with the public.

China’s services sector shows resilience in July: survey

China’s services sector shows resilience in July: surveyThe services sector of China's cooling down economy showed some resilience in July, according to a survey carried out by HSBC/Markit.

As China's economy is expected to grow at its weakest pace since the year 1990, the HSBC/Markit Purchasing Managers' Index (PMI) for the country's services sector stood at 51.3 in July.

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