China

Volkswagen to recall 384,181 vehicles in China

Volkswagen to recall 384,181 vehicles in ChinaGerman automaker, Volkswagen might be planning to recall a total of 384,181 vehicles in China due to an issue with the gearbox.

China's quality-control agency said that the company will recall 384,181 vehicles that were sold in the country to address the issue with the gearbox of the vehicles. The company’s joint venture unit in China will begin the recall on April 2 of the vehicles that were manufactured or imported into the country between December 2008 and March 2013.

Ford launches EcoSport in China

Ford launches EcoSport in ChinaAutomotive giant, Ford has announced the launch of its new EcoSport sports utility vehicle (SUV) in the Chinese market.

The company is planning to offer a total of six models in the Chinese market including the 1.0L EcoBoost model. Ford EcoSport is being produced by ford along with its Chinese partner, Chang’an and will be an enhanced version than the one launched in the Brazilian market. The Chang’an-Ford joint venture will produce the vehicle for the Chinese market.

BRICS to mull development bank, forex reserve pool

BRICS to mull development bank, forex reserve poolBeijing, March 20 : Leaders of BRICS countries will consider establishing a development bank and foreign exchange reserve pool at its fifth summit, a Chinese foreign ministry official said Wednesday.

The summit of BRICS countries, namely Brazil, Russia, India, China and South Africa, is scheduled March 26-27 in Durban, South Africa.

BRICS deliberated the possibility of establishing a development bank last year. Details including of the scale, functions, structure, and location will be discussed at the summit, said Ma Zhaoxu, assistant foreign minister.

FDI inflows fell 1.35% during January-February in China

FDI inflows fell 1.35% during January-February in ChinaAccording to the latest data released, the total foreign direct investments to China fell by 1.35 per cent during the first two months of the year.

The data released by the Ministry of Commerce showed that the FDI inflows fell 1.35 per cent in January and February compared to the same period of the previous year to $17.5 billion.  The fall in the FDI indicates that the global economic recovery remains fragile and this has affected investor confidence in the world's second largest economy.

Xi reiterates policy of peaceful development

Xi reiterates policy of peaceful developmentBeijing, March 19 : Chinese President Xi Jinping said here Tuesday that China will adhere to the path of peaceful development.

"China will unswervingly follow the path of peaceful development.  In the meantime, we hope all countries in the world will pursue peaceful development," Xinhua quoted Xi as saying.

Indian security agencies to discuss measures to match China's space diplomacy

Indian security agencies to discuss measures to match China's space diplomacyChina's space-related collaboration with neighbouring countries like Bangladesh, Maldives and Sri Lanka has sparked off a fresh scare among Indian security agencies.

Emerging reports say that a secret inter-ministerial meeting will be held early next week under the chairmanship of the Deputy National Security Advisor to examine the situation.

Xi hopes for better ties with US

Xi-JinpingBeijing, March 19 : Chinese President Xi Jinping said Tuesday that China is ready to work with the US to "advance cooperative partnership" between the two countries.

Xi made the remarks while meeting US Treasury Secretary Jacob Lew, who is visiting Beijing.

The president hailed the fruitful outcome of bilateral relations in the past 30 years, with the results greatly benefiting the two peoples and promoting peace and stability in the Asia-Pacific region as well as the world, reported Xinhua.

Chinese president to discuss energy with Russia

Chinese president to discuss energy with RussiaMoscow, March 19 - Chinese President Xi Jinping will discuss energy partnership during his maiden overseas visit to Russia, as leader of the world's most populous country, the Kremlin said Monday.

He will undertake the state visit from March 22-24.

Xi will meet with Russian Prime Minister Dmitry Medvedev March 23. Their talks will focus on trade and economic cooperation, investment and "fulfilling major energy projects", the government's press service said.

New home prices rise 2.1% in February in China

New home prices rise 2.1% in February in ChinaAccording to the data released by the National Bureau of Statistics on Monday, the average new home prices recorded an increase of 2.1 per cent during the month of February in China.

The prices increased in a total of 62 cities of the 70 cities tracked by the government in the country during the month. The average new home price increase 5.9 per cent in Beijing and 8.1 per cent in Guangzhou. The increase in the country is the highest recorded since December 2011 and comes at a time when the government is aiming to control the housing prices in the country o averse a property bubble.

Lenovo: The slim and light ThinkPad T431s is a result of extensive research

Lenovo: The slim and light ThinkPad T431s is a result of extensive researchAccording to a new eWEEK report, citing the information shared by Lenovo's Thinkpad unit product marketing manager Alysia Baker, the Lenovo ThinkPad T431s - which is being touted as the slimmest and lightest laptop in the ThinkPad T series - has been developed by the manufacturer after carrying out extensive research.

Olympic TT champion Zhang Jike defeats Ovtcharov

Zhang-JikeQingdao (China), March 18 : Reigning Olympic champion Zhang Jike beat German Dimitrij Ovtcharov, bronze winner at the London Games, in straight games at the Asia-Europe Table Tennis All Stars Challenge.

Zhang, the Grand Slam winner, established a 5-1 lead in the first game. Dimitrij fought back and narrowed the gap to one point but still lost to Zhang 11-8, Xinhua reported Sunday.

Zhang, 25, won the following two games with 11-2 and 11-9.

Housing prices rise in Chinese cities

Housing prices rise in Chinese citiesBeijing, March 18 : New home prices rose steeply in more Chinese cities in February, putting the government in an increasingly complex situation of regulating the bubble-ridden market, official data showed Monday.

Of a statistical pool of 70 major Chinese cities recorded by the National Bureau of Statistics (NBS), 66 cities saw home prices increase within 3.1 percent in February from a month earlier. In January, 53 cities reported growth margin with no more than 2.2 percent, reported Xinhua.

Toyota recalls 4,000 defective cars in China

Toyota recalls 4,000 defective cars in ChinaBeijing, March 17 : Japanese automaker Toyota will recall around 4,400 units of its FJ Cruiser cars in China over seat-belt flaws, China's consumer quality watchdog said.

The General Administration of Quality Supervision, Inspection and Quarantine said that Toyota China will recall imported cars produced between December 2007 and March 2013, Xinhua reported.

Toyota is working on the solution to the flaw and will release improvement methods before April 15, the administration said.

Beijing IT firm asks Microsoft to show its licence for Office 365

Beijing IT firm asks Microsoft to show its licence for Office 365According to Chinese media reports, Beijing-based enterprise IT service provider and Microsoft customer Baihui Zongheng Technology has sought proof from Microsoft to confirm that it has legal permissions for operating in the country; and has also said that the software giant could otherwise face the risk of Office 365 being blocked.

English dropped from top Chinese varsity exams

chinese-examBeijing, March 16 : China's top universities began their annual independent recruitment exams Saturday, with English no longer included among the compulsory subjects.

In most of these universities, those who have applied for science and engineering majors will only be required to take maths and physics exams, while art students will be required to take Chinese and maths exams, reported Xinhua.

Yu Han, an enrolment officer at Tsinghua University, said the subject was eliminated in order to reduce students' workload and attract talented students who excel in the subjects.

Fan, Xu are vice chairmen of China's top military body

Fan, Xu are vice chairmen of China's top military bodyBeijing, March 15 - Fan Changlong and Xu Qiliang were endorsed as vice chairmen of the Central Military Commission (CMC) of China at the annual parliamentary session Friday.

Nearly 3,000 deputies to the 12th National People's Congress voted to approve the nomination by Xi Jinping, chairman of the CMC, according to the Constitution, reported Xinhua.

Chang Wanquan, Fang Fenghui, Zhang Yang, Zhao Keshi, Zhang Youxia, Wu Shengli, Ma Xiaotian and Wei Fenghe were appointed the CMC members after Xi's nomination was approved by the national lawmakers.

China launches espionage investigation against Coca-Cola

China launches espionage investigation against Coca-ColaThe Chinese authorities have launched an espionage investigation against Coca-Cola following allegations that the US beverage giant is involved in spying activities in the Asian nation.

China's new President Xi Jinping

Xi-JinpingBeijing, March 14 : Xi Jinping, a graduate from the prestigious Tsinghua University, was Thursday elected president of China and chairman of the country's top military body. He began working at the age of 16.

Xi, born in June 1953, is an ethnic Han from Fuping, Shaanxi province. He entered the workforce in January 1969 and joined the Communist Party of China (CPC) in January 1974. He graduated from the School of Humanities and Social Sciences at Tsinghua University with a major in Marxist theory and ideological and political education, has an in-service postgraduate education and holds the degree of Doctor of Laws.

Xi elected Chinese president

Xi elected Chinese presidentBeijing, March 14 - Xi Jinping was Thursday elected president of China and chairman of the country's top military body.

The general secretary of the Communist Party of China (CPC) was picked the chairman of the Central Military Commission (CMC), reported Xinhua.

The plenary meeting of the first session of the 12th National People's Congress (NPC) elected Zhang Dejiang as chairman of the NPC Standing Committee.

Li Yuanchao was elected vice-president of China.

`China must remain on high alert for inflation'

`China must remain on high alert for inflation'Beijing, March 13 : China's central bank governor Zhou Xiaochuan said Wednesday that China should remain on high alert for inflation and the bank will take measures, including monetary policy adjustments, to stabilize prices.

Zhou made the remarks at a press conference on the sidelines of the parliament's annual session.

China's consumer price index (CPI), the main gauge of inflation, rebounded to a 10-month high of 3.2 percent in February, reported Xinhua.

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