China

Chinese pleads guilty to selling stolen US software

/Court_Beijing, Jan 9 : A Chinese businessman has pleaded guilty in a US court to selling stolen American software used in defence, space technology and engineering that had a retail value of more than $100 million.

The software was stolen from about 200 American manufacturers and sold to 325 black market buyers in 60 countries between 2008 and 2011, the Shanghai Daily quoted prosecutors as saying.

Buyers in 28 US states included a NASA engineer and the chief scientist for a defence and law-enforcement contractor, prosecutors said.

Chinese imports might have risen in December, experts

Chinese imports might have risen in December, expertsExperts have indicated that the import of commodities like crude oil, iron ore and soybeans may have risen during the month of December as the world's second largest economy showed signs of recovery.

The country is expected to release trade data for December on Thursday and many believe that the import of several commodities increased as the country recorded growth in manufacturing activity. China is on the path of recovery and prospects of a slowdown in the world's second largest economy are minimized.

China cuts prices of 400 medications

China cuts prices of 400 medicationsBeijing, Jan 8 - Prices of 400 Chinese drugs used to treat respiratory illnesses, pains and fever will be reduced by an average of 15 percent starting Feb 1, the government price regulator said Tuesday.

The National Development and Reform Commission said it will cap retail prices of 20 categories of drugs, Xinhua reported.

It said prices for medications used to treat cancer, blood diseases and illnesses related to the nervous system have already been cut since 2011.

Indian Market Closes Lower; Larsen and HDFC Slip

Indian Market Closes Lower; Larsen and HDFC SlipIndian Stock market closed lower on Monday after registering moderate gains in the first week of year 2013. The market opened slightly lower and in the afternoon session, slipped further as the European indices opened weak.

Goldman Sachs has upgraded growth outlook for China and India. The brokerage house expects Asian region to grow better for year 2013 with focus on India and China.

Over 44,000 couples divorced in Shanghai in 2012

s/divorced.Beijing, Jan 7 : An astounding 44,364 couples with at least one partner hailing from Chinese business hub Shanghai were divorced last year, a Shanghai government bureau said.

The number was up more than 5,100 from the figure in 2011, the Shanghai Daily cited the Shanghai Civil Affairs Bureau as saying.

This was also the largest increase in recent years -- 13 percent. The number in 2011 rose only four percent from that of 2010.

Among the divorces in 2012, at least one partner was an expatriate in 400 marriages.

Human trafficking: 50 held, 18 women rescued in China

human-trafficking.Beijing, Jan 7 : A human-trafficking ring led by a Vietnamese citizen has been busted in China. Police arrested 50 suspects and rescued 17 Vietnamese women and a Chinese woman.

The women -- aged between 17 and 30 years -- were either lured by money to China or kidnapped in Vietnam and smuggled across the border into Yunnan province, the Shanghai Daily reported Monday.

The ring members told Chinese villagers to say that the women were adopted as daughters, and then sold them to bachelors in poverty-stricken areas in Gansu.

Fire at China shopping mall

Fire at China shopping mallBeijing, Jan 7 : A fire broke out Monday at a five-storey shopping mall in China's northeast city of Harbin, Xinhua reported. There were no immediate reports of casualties.

Witnesses said the fire was spotted around 10.20 a. m. at the Guorun Furnishing Mall.

Smoke engulfed the first three storeys, and at least 10 fire-fighting vehicles had arrived at the scene and were working to douse the blaze.(IANS)

China builds military transport aircraft

/Y-20-long-range-aircraft.Beijing, Jan 4 : China is building a large transport aircraft for the military as part of its defence modernization drive, a media report said Friday.

The Y-20 long-range aircraft will improve the military's transportation, Defence Ministry spokesman Yang Yujun said. It will also be used in disaster relief operations.

"Research and development is proceeding as planned," the People's Daily quoted Yang as saying. (IANS)

US basketball player banned for doping in China

/marcus-williamsBeijing, Jan 4 : Marcus Williams, the first player banned for doping in China's professional basketball league, left for the United States Friday.

The Shanxi guard, receiving a six months ban from the Chinese Basketball Association (CBA) Dec 31 after testing positive for marijuana, bade farewell to his fans, reports Xinhua.

"I am truly humbled by the love that this city has given me during such a tough time. It truly inspires me to only improve from this situation, and redemption is all that is on my mind," Williams wrote in his microblog on Sina. com.

Seven kids die in China orphanage blaze

fireBeijing, Jan 4 : Seven children died of burns in China's Henan province Friday in a fire that engulfed an orphanage, Xinhua reported.

The fire, which occurred at 8.30 a. m. in a house in Lankao county, was contained within two hours, a government official said, adding that four children died at the site while another three perished on way to hospital.

The house was apparently being used as a private orphanage, as residents said a woman named Yuan Lihai used the home to shelter orphans and abandoned children.

The cause of the fire could not be immediately ascertained. (IANS)

China shuts down pirate content linked search engine

China shuts down pirate content linked search engineAuthorities in China are believed to have shut down a domestic Internet search engine, which was known to provide access to pirate content to the users.

Gougou. com, the site which was run by Chinese web firm Xunlei, was blacklisted by the US due to its links to the pirated content. The closure comes weeks after the website was added to the US Trade Representative's report on major copyright offenders.

China’s manufacturing index rise to 50.6 in December

China’s manufacturing index rise to 50.6 in DecemberAccording to the latest figures released, China's Purchasing Managers' Index has increased to 50.6 in December, recording a third month of growth indicating the economy is on the path of strong growth in the coming year.

China’s Xi Jinping calls for more wisdom, courage to deepen reform

/Xi-JinpinBeijing, Jan 1 : The General Secretary of the Communist Party of China (CPC) Central Committee has called for more political courage and wisdom to deepen the country''s reform.

Xi Jinping made the comments when presiding over a group study held by the CPC Central Committee Political Bureau on Monday, when bureau members were given a lecture on promoting China''s reform.

Xi stressed that the country will stick to its economic reform to build up a socialist market economy and adhere to the China''s basic state policy of opening up.

China to pursue road of peaceful development: Hu Jintao

/Hu-JintaoBeijing, Jan 1 : President Hu Jintao has said the determination of the Chinese people to pursue a road of peaceful development would never waver no matter how volatile the international situation may become.

Delivering his New Year address, the president also said the country would forge ahead with reform and opening up as well as its drive for modernisation in 2013.

China’s manufacturing activity grows at fastest pace since May 201l

China’s manufacturing activity grows at fastest pace since May 201lChina's manufacturing activity grew at the fastest pace in nineteen months in December, the HSBC Purchasing Managers' Survey revealed.

Providing a big boost to optimism that the economic recovery is gaining traction, the survey said the final reading of a Purchasing Managers' Index was at 51.5 in December, the highest since May 2011.

Copper futures rise to Rs 441.70 per kg

Copper futures rise to Rs 441.70 per kgAccording to the latest figures available, the Copper futures prices rose in the markets by 0.20 per cent to Rs 441.70 per kg.

The prices of the metal rose after speculators created fresh positions in the market. Dealers said that the prices of copper increased because of a stabilizing trend at the London Metal Exchange (LME). The markets stabilized after indications that the US lawmakers are working to resolve the fiscal cliff crisis.

Apple fined by Chinese court for copyright violation

/Apple-IncBeijing, Dec 28 : A Beijing court ruled against Apple Inc. in a copyright dispute on Thursday, saying the company must pay a fine for selling unlicensed electronic versions of books online.

The Beijing No. 2 Intermediate People''s Court ordered Apple to pay a total of 1.03 million yuan (165,908 U. S. dollars) to eight Chinese writers and two companies for violating their copyrights.

The plaintiffs said they spotted applications containing unlicensed electronic versions of their books available for download last year, adding that the books were downloaded in great quantity, resulting in large economic losses for their authors, their lawyer said.

China hopes Russia-India ties will promote stability and peace in Asia

Hua-ChunyingBeijing, Dec 26 : A spokeswoman for China's Ministry of Foreign Affairs has expressed hope that the development of relations between Russia and India will promote peace and stability in Asia and the world.

Spokeswoman Hua Chunying made the remarks at a daily press briefing on Wednesday while commenting on the freshly inked defense deals between Russia and India.

"Both Russia and India are China''s neighbors of friendship," Hua said, adding that China welcomes the development of friendly ties between Russia and India.

World’s longest high-speed rail route begins in China

high-speed-rail-routBeijing, Dec 26 : The world's longest high speed rail route has opened in China, covering a distance of 2,298 kilometers between Beijing in the north and Guangzhou on the country's southern coast.

The line will carry new bullet-style trains at speeds of up to 350 kilometers per hour and reduce the travel time from 22 hours to just eight hours.

According to Sky News, there are 35 stops along the route in major cities spanning the length of the country.

China to monitor students' fitness nationwide

China to monitor students' fitness nationwideBeijing, Dec 25 - In a move aimed at encouraging students to take care of their health and ensure robustness, the Chinese government will carry out a nationwide fitness monitoring of school children from next year onwards.

According to Minister for Education Yuan Guiren, the monitoring will be conducted from 2013 by a third-party institution and its result will be released to the students' parents timely.

Speaking at a meeting on sports work in schools, the minister said, sports work concerns children's physical and mental health, and their lifetime happiness.

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