Category Archives: China

China Vows To Crack Down On Organ Trafficking

VATICAN, (APP/Xinhua): A senior Chinese representative on Tuesday presented related data on China’s organ donations and transplantations at a world conference here, highlighting the country’s commitment to combating organ trafficking and transplant tourism. During the first day of the two-day Pontifical Academy Summit (PAS), which

Questions On China’s Falling Forex Reserves

BEIJING, (APP/AFP) – China’s cash stockpile fell last month to just below $3 trillion, its lowest level since 2008 at the height of the global financial crisis and a trillion dollars down from its record high seen in mid-2014. The figure is still more than

China Forex Reserves Fall Below $3 Tn Threshold

BEIJING, (APP/AFP) – China’s foreign exchange reserves have fallen below $3 trillion for the first time in six years, the central bank announced Tuesday, crossing a symbolic threshold as authorities seek to stem capital flight out of the country. Slowing growth in the world’s second-largest

China Approves Green Car Projects Worth 6.15 Billion Yuan

BEIJING, (APP/Xinhua): The top economic planner announced Tuesday that it had approved two electric car projects, which have secured investment of 6.15 billion yuan (896.5 million U.S. dollars). The project from Fujian Yudo New Energy Automobile Co. has investment of 1.886 billion yuan, while the

China Moves To Revitalize “Time-Honored Brands”

BEIJING, (APP/Xinhua): China will increase policy support for its century-old traditional brands as many of them are struggling amid a rapidly changing domestic market. The Ministry of Commerce (MOC) and 15 other central authorities have jointly published a general plan to bring new life to long-established brands,

City In China Plans To Build Asia’s First Vertical Forest Towers

Chinese leaders in Beijing are taking big steps to tackle climate change and pollution, and some of China’s cities are acting too. Nanjing, the capital of China’s eastern Jiangsu province, is getting a Vertical Forest, a set of two green residential towers that will beautify the

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