China To Test Near Space Flight Of Solar Drone

BEIJING, Feb 7 (APP/Xinhua): China will test how its largest solar drone performs near-space flight this year, according to the China Academy of Aerospace Aerodynamics (CAAA) Tuesday. With a wingspan of more than 40 meters, wider than that of a Boeing 737 passenger plane, the rainbow

US & China On Brink Of Trade War, Warns Goldman Sachs

The risk of an escalating trade war between the world’s two biggest economies – the US and China – is growing fast, warn analysts from Goldman Sachs as cited by Business Insider. Goldman’s Andrew Tilton and Alec Phillips said in a note to clients they

China To Create Over 50 Mln New Urban Jobs By 2020

BEIJING, (APP/Xinhua): China will create over 50 million new urban jobs by 2020, the State Council announced Monday. The government will improve employment structure and quality, and keep the urban headline unemployment rate under 5 percent by 2020, according to the employment facilitation plan for the

China Cultural Industry Expands Faster In 2016

BEIJING, Feb 6 (APP/Xinhua): China’s cultural industry saw more rapid growth last year, thanks, in part, to a boom in information transmission services, official data showed Monday. The sector’s combined revenue amounted to 8.03 trillion yuan (1.17 trillion U.S. dollars) in 2016, up 7.5 percent

China To Invest 1 Bln Yuan In Sanjiangyuan National Park Construction

XINING, Feb 6 (APP/Xinhua): A national park planned in the Sanjiangyuan area to protect the headwaters of the Yangtze, Yellow, and Lancang (Mekong) rivers will start this year with building roads and installing surveillance cameras to assist the protection work. The administration bureau of Sanjiangyuan

Made-in-China Large Passenger Plane Targets 2017 Debut

BEIJING, Feb 6, (APP/AFP): China’s first homegrown big passenger plane will make its maiden voyage in the first half of this year, state media said Monday, as the country seeks to challenge foreign giants Airbus and Boeing. The C919 narrow-body jet is expected to “realise its

China Promotes Traditional Medicine To Combat AIDS

BEIJING, Feb 6, (APP/AFP) – China will double the number of AIDS patients it treats with traditional Chinese medicine (TCM), officials have said, part of a broader push to increase the use of the ancient practice in the country’s medical system. The promotion of TCM is

China Raises Open Market Rates In Monetary Tightening

SHANGHAI, (APP/AFP): China’s central bank on Friday raised two key interest rates for the first time since 2013 in a monetary tightening as liquidity concerns ease following the Chinese New Year cash crunch. Analysts said the move indicated the People’s Bank of China was likely