China's yuan strengthens

China's yuan strengthensBeijing, March 24 - The Chinese yuan strengthened 23 basis points to 6.1452 against the US dollar Monday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, reported Xinhua.

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

China has 3.5 mn websites

China has 3.5 mn websitesBeijing, March 23 - The total number of websites in China reached 3.51 million by the end of last year, a huge growth since China's first website two decades ago.

The websites, with 4.61 million domain names, were owned and operated by 2.82 million founders, 70 percent of which were organisations and 30 percent individuals, Xinhua quoted a report released by Internet Society of China.

China trip will boost bilateral ties, says Michelle Obama

michelle-obamaBeijing, March 21 : US First Lady Michelle Obama believes her trip to China will boost exchanges in culture and education between China and the US and propel bilateral ties to a new level, China Daily reported Friday.

"We hope to understand more about Chinese culture and education through this trip, and spark more interest in American youth on China," she was quoted as saying while visiting Second High School Attached to Beijing Normal University, which has over 40 American students.

Chinese kindergarten food poisoning leaves two dead

Chinese kindergarten food poisoning leaves two deadBeijing, March 20 - Suspected food poisoning in a rural kindergarten in China's Yunnan province killed two pupils and left 30 hospitalised Wednesday, authorities said.

Thirty-two children showed symptoms of possible food poisoning at around 3.20 p. m. in Jiajia Kindergarten in Pinglong Village under Qiubei County.

They were taken to a local hospital for treatment, Xinhua quoted a statement released by the county's publicity department.

Two died after medical treatment failed and another five are in critical condition, the statement said.

India, China sign MoU on IT cooperation

India, China sign MoU on IT cooperation India on Tuesday sealed a pact on information technology (IT) and software cooperation with China, a move that is expected to help Indian IT companies in obtaining contracts from China's state-run firms.

After signing the memorandum of understanding on IT cooperation, Yang Xueshan, Vice Minister in the Ministry of Industry & Information Technology (MIIT), claimed that contrary to Indian perceptions, China's state-run companies weren't blocking Indian IT companies.

Alibaba chooses U.S. stock exchange over HK

AlibabaChina's leading e-commerce site, Alibaba Group has said that it is planning to launch an initial public offering (IPO) at a U. S. stock exchange instead of the Hong Kong Stock Exchange.

Alibaba Group is aiming to raise up to $15 billion in the biggest initial public offering since Facebook. The company announced its decision to get listed in the US, following uncertainty over an initial public offering in Hong Kong. Alibaba Group Holding has said that it has concluded talks with the Hong Kong stock exchange without success.

China doubles yuan’s daily trading band

ChinaThe authorities in China have announced its decision to double yuan's daily trading band as part of its plans to encourage greater usage of the currency.

The move will allow more independence to the national currency giving more power to the market forces in determine the value of the Chinese currency. The Chinese government is facing pressure from tis trading partners including the US, for giving more independence to the market forces. Western governments have accused the Chinese government of deliberately keeping the value of its currency low in order to gain advantage in the global export markets.

China, Germany discuss Ukraine crisis

Xi Jinping, Angela MerkelBeijing, March 10 - Chinese President Xi Jinping and German Chancellor Angela Merkel Sunday discussed their bilateral relations and the Ukraine crisis over phone.

Xi said that as the current situation in Ukraine is very complicated and highly sensitive, various factors should be taken into consideration in the handling of the crisis, Xinhua reported.

He called on all parties concerned to exercise restraint and seek a political solution through dialogue and negotiations within the framework of law and order, so as to avoid further escalation of the situation.

No information on missing flight: Malaysia Airline

Malaysia AirlineBeijing, March 9 - There is still no information on the location of Malaysian Airlines flight MH 370, more than 24 hours after it lost contact with ground, the airline said early Sunday.

"As of now, the search and the rescue team has yet to determine the whereabouts of the MH370," Xinhua quoted the airline's spokesperson as saying at a press conference in Beijing, which lasted less than 30 minutes.

He added that rescue teams have "failed to find evidence of any wreckage".

China capable of exploring Mars: Scientist

China capable of exploring MarsBeijing, March 2 - A top space scientist linked with the China's lunar probe mission has said the country holds the capability of exploring Mars.

China is capable of sending a probe to circle Mars and having it land on the planet, Xinhua quoted Ye Peijian as saying Saturday and adding that the country has no problems with tracking control and communications technology.

China's manufacturing PMI drops

China's manufacturing PMI dropsBeijing, Mar 1 - China's purchasing managers' index (PMI) for manufacturing sector dropped to 50.2 percent in February, down from 50.5 percent for January, official data showed Saturday.

February continued January's decline with most sub-indices shrinking, according to a statement jointly released by the National Bureau of Statistics (NBS) and China Federation of Logistics and Purchasing.

A reading below 50 indicates contraction, while that above 50 signals expansion, Xinhua reported.

Shanghai authorities move to limit taxi booking apps

Shanghai authorities move to limit taxi booking appsThe authorities in the Chinese mega city of Shanghai are increasing looking to restrict the use of popular taxi booking apps.

The move might put the investment by domestic as well as global companies into the technology at risk in the key market. The authorities are moving to restrict the use of such apps after a similar move by the authorities in the Chinese capital, Beijing. The new laws backed by the city authorities would ban the use of booking apps by cab drivers during the rush hours and also restrict the use by private vehicles licensed for hire.

China's IT giants to hedge against Windows XP shutdown

China's IT giants to hedge against Windows XP shutdownBeijing, Feb 24 - Tencent will join hands with other IT giants to "build a hedge" for Chinese users against potential internet attacks on them after Windows XP shutdown April 8.

Tencent, along with Kingsoft, Sogou and other internet service providers, will give technical assistance to Windows XP users for system upgrades and risk defence, said Ding Ke, a senior manager of Tencent.

Long hours on smartphones may affect eyesight

Long hours on smartphones may affect eyesightBeijing, Feb 22 : A woman in China, who spent many hours peering at her smartphone in the dark, found that her right retina had become detached.

Liu felt her right eye had been "veiled" since last week. Liu habitually plays with her smartphone for two to three hours each day in the dark, Xinhua reported Saturday.

"When the doctor covered my left eye, everything I saw with my right was distorted. Rectangular objects become elliptical," she said.

China urges US to call off Obama-Dalai Lama meeting

Hua-ChunyingBeijing, Feb 21 : China has asked the United States to cancel the planned meeting between President Barack Obama and exiled Tibetan spiritual leader the Dalai Lama.

In a press release, Foreign Ministry spokeswoman Hua Chunying said China has urged the US to take its concerns seriously and to not facilitate the occasion for the Dalai Lama to conduct anti-China secessionist moves.

Her comments came in response to the scheduled informal Obama-Dalai Lama meeting on Friday in the White House .

She urged the Tibetan issue is a domestic affair for China, arguing that there is no other country that bears the right to interfere.

China surpasses India in gold demand in 2013: WGC

goldLast year China surpassed India to become the world's largest gold consumer, according to the latest World Gold Council (WGC) report.

According to figures published in the WGC's newly published 'Gold Demand Trend 2013' report, China's demand for gold hit 1,065.8 tonnes in 2013, while India's demand for the precious yellow metal slipped to 974.8 tonnes.

China world's largest gold consumer in 2013: report

China world's largest gold consumer in 2013: reportLondon, Feb 19 - China was the largest gold market in the world for the first time in 2013, according to a report.

The report released by the London-based World Gold Council (WGC) Tuesday said the demand for gold in China set a remarkable new record of 1,066 tonnes, a rise of 32 percent year-on-year, reported Xinhua.

The consumer-driving demand of gold was largely attributed to the sharp fall in the gold price in the second quarter, it added.

China's second lunar probe travels 70 mn km

Chang'e-2-lunar-probeBeijing, Feb 14 : China's second lunar probe, Chang'e-2, has traveled more than 70 million km into deep space in good condition, so far the longest voyage of any Chinese spacecraft, a senior engineer said Friday.

Chang'e-2 was launched Oct 1, 2010, to verify crucial technologies for Chang'e-3, the country's third lunar carrying a moon rover that was launched Dec 2, 2013.

It set off from its moon orbit for outer space in June 2011 after finishing all of its tasks.

Chinese lunar rover comes back to life

Chinese-lunar-rover-yutuBeijing, Feb 13 : China's moon rover Yutu is awake after its troubled dormancy but experts are still trying to find out the cause of its abnormality, a spokesman for the country's lunar probe programme said Thursday.

"Yutu has come back to life," Xinhua quoted spokesman Pei Zhaoyu as saying.

Pei said the moon rover, named after the pet of a lunar goddess in Chinese mythology, has now been restored to its normal signal reception function. But experts are still working to verify the cause of its mechanical control abnormality.

China's trade surplus rises to $32 billion

China's trade surplus rises to $32 billionAccording to the latest data released, the total trade surplus of China rose to $31.9 billion during the month of January.

The rising trade surplus has helped address concerns that the world's second largest economy might be facing a slowdown. The figure of $31.9 billion is about 14 per cent higher than the previous year and stronger than forecasts for a $23.7 billion surplus. The total imports into the country increased by 10.6 per cent from a year earlier, which is much lower than forecasts, to $207.13 billion.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content