China

Aso determined to lead Japan to prosper with China, South Korea

Tokyo - Taro Aso, who is likely to succeed outgoing Prime Minister Yasuo Fukuda, said Friday that Japan was destined to flourish together with China and South Korea although he also foresaw continuing bumpy relations with the countries Japan occupied before and during World War II.

"There will be problems between Japan and those two nations," Aso said at a press conference. "No need to be flustered, though, because Japan, China and South Korea 
- the three nations are destined to prosper together."

Aso, who serves as secretary general of the governing Liberal Democratic Party (LDP), is seen as the front-runner in Monday's LDP presidential election after Fukuda announced his resignation September 1.

Shanghai shares plunge again on Wall Street losses

Shanghai shares plunge again on Wall Street losses Beijing - China's main stock market fell by nearly 6 per cent in early trading on Thursday, following more big losses on Wall Street.

The key Shanghai Composite Index, which tracks shares traded in local and foreign currencies, closed the morning session at 1,816.44, down 5.84 per cent, state media said.

Shares in banking and insurance companies led the plunge, after reports that several major Chinese banks held bonds in the bankrupt US investment firm Lehman Brothers.

Sino-India twelfth round of border talks in Beijing today

Sino-India twelfth round of border talks in Beijing todayNew Delhi, Sept 18: The 12th round of the China-India border talks to resolve their decades-old border dispute issue will commence in Beijing from today.

The Indian delegation will be lead by National Security Adviser M K Narayanan while State Counsellor Dai Bingguo will head the Chinese delegation.

This is the 12th round of boundary negotiations between the two sides since they appointed Special Representatives in 2003 to resolve the decades-old issue from a political perspective after the diplomatic parleys failed to yield results.

Death toll in China mudslide climbs to 270

ChinaBeijing - A mudslide in northern China which engulfed several buildings and a market after a dam at an illegally operated mine burst has killed up to 270 people, the official Xinhua news agency said Thursday.

Ten days after the disaster, 260 bodies have been recovered, while 10 people were still missing, rescuers were quoted as saying.

Investigations in the accident which happened at Tashan mine near the town of Linfen in Shanxi province focus on how the mine operators were able to build the unlicensed waste reservoir and operate for years without permits.

Taiwan to adopt China's phonetic spelling system

Taipei - Taiwan, putting aside long-standing political considerations, said Wednesday that it is adopting China's phonetic spelling system to prevent confusion in communications with foreigners.

The cabinet said Taiwan's local and county governments must use China's Hanyu Pinyin when translating place names and road names from Chinese into Roman alphabets.

Those who refuse to follow the order would not receive subsidies for transliterating place names from the central government.

"Hanyu Pinyin is being used by the United Nations and world libraries," Education Ministry official Chen Hsueh-yu said. "Adopting it can make it easier for foreigners to do business or travel in Taiwan."

Shanghai shares fall 3 per cent led by banks, real estate firms

Shanghai shares fall 3 per cent led by banks, real estate firms Beijing - China's biggest stock market followed global losses with a 3-percent plunge on Wednesday, led by falls in banking and real-estate shares.

The key Shanghai Composite Index, which tracks shares traded in local and foreign currencies, lost 2.90 per cent to end the day at a 22-month low of 1,929.05 points.

The smaller Shenzhen Composite Index fell by 1.89 per cent to close at 559.95 points.

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