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Society

Geely may pay less than $1.6b for Volvo

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By David Cao
David Cao
26 January 2010
Hits: 713

Chinese analysts yesterday tried to downplay suggestions in Western media that the Google case could lead to increased tension between Beijing and Washington, saying that bilateral ties are strong enough to withstand any disagreement.

It is "just a commercial dispute" that happens to a firm when it operates on foreign soil, said Niu Jun, an international affairs expert at Peking University.

In a move reflecting that opinion, the government repeated its standpoint that the issue is a technical matter, and not a political or diplomatic one, by having the Ministry of Industry and Information Technology (MIIT) and the State Council Information Office (SCIO) reply to US criticism.

The Ministry of Foreign Affairs did not respond to US President Barack Obama on Saturday, when he asked for Beijing to explain the Google case.

 

Officials from the two ministries yesterday rejected US accusations of cyber attacks and described Internet controls as legitimate and reasonable.

Their remarks came nearly two weeks after Google said it might quit China citing disagreements with government policies and unspecified attacks targeting its services in China.

Read more: Geely may pay less than $1.6b for Volvo

Chinese outbound tourists to top 51m in 2010

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By David Cao
David Cao
26 January 2010
Hits: 798

Outbound tourists this year will top 51 million, up 7 percent year-on-year, the director of China's National Tourism Administration said yesterday.

The World Expo will attract 3.5 million overseas visitors to Shanghai, Shao Qiwei said.

China will protect property owners' rights in relocation

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By David Cao
David Cao
24 January 2010
Hits: 939

China relocation

Property owners' rights will soon receive better protection under revisions to the controversial regulations for demolishing urban housing, a senior legislative official said yesterday.

"We will soon publish the draft revision to solicit public opinion and will further explain the changes," Gao Fengtao, deputy director of the State Council Legislative Affairs Office, the agency that issued the existing regulation, told China Daily.

The office invited eight experts to give opinions on the draft version on Wednesday. According to Shen Kui, a law professor from Peking University and one of the eight experts, the revision emphasized that confiscation of houses and relocation of residents could only be done in the public interest.

"The new draft version will include a detailed regulation on confiscation for non-public interest, which is more complicated," said Shen. "When the developer and the property owners are involved in confiscation and compensation, the government is also involved as the change of land use needs permission from the government."

Read more: China will protect property owners' rights in relocation

11.02m new jobs in 2009 China

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By David Cao
David Cao
24 January 2010
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China created 11.02 million new jobs in urban areas in 2009, topping the government goal of 9 million, the Ministry of Human Resources and Social Security said Friday.

This figure was about 22.4 percent higher than the government's whole year target set in March last year, Yin Chengji, spokesman of the ministry told a press conference.

Around 5.14 million laid-off workers were re-employed last year, exceeding the preset goal of 5 million.

Urban unemployment rate stood at 4.3 percent, with 9.21 million people being registered to be unemployed.

What next for Google in China?

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By David Cao
David Cao
22 January 2010
Hits: 1069

Tomorrow the search giant Google is expected to take the wraps off a healthy set of quarterly figures at its California HQ. But the numbers themselves will no doubt be overshadowed by events being played out on the other side of the world.

Google China

While analysts and the money men smile over the expected sharp jump in fourth quarter earnings, it will be interesting to note their comments and questions over the company's decision to consider pulling out of China.

Google said the move was prompted by a "highly sophisticated and targeted attack on our corporate infrastructure from China that resulted in the theft of intellectual property.

While attacks on companies like Google are routine, industry experts have in the last few days said the scope of this one was fairly unprecedented in recent years.

"I believe this is the largest and most sophisticated cyber-attack we have seen in years targeted at specific corporations," said George Kurtz, chief technology officer of security vendor Mcafee which has been investigating the attacks they have dubbed Aurora.

Read more: What next for Google in China?

More Articles …

  1. Chinese marathon athletes run into trouble
  2. Chinese top soccer officials involved in match-fixing
  3. Southwest China bus crash killed 8
  4. China's Baidu sues U.S. company over cyber-attack
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Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Business China

  • Inbound Tourism Poised as Next Growth Engine for China's Service Sector
  • China sees 11.279m cross-border trips during the Labor's Day Holiday
  • Spring Festival Returns Ignite Service Consumption in Small Cities: Leisure and Entertainment Orders Up Nearly 30%
  • China's Auto Output and Sales Hit New Highs in 2025
  • China's record-breaking 45-trillion-yuan foreign trade volume in 2025

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Manufacturing

  • China to Build Seamless Asteroid Monitoring Network Covering Solar Blind Spots
  • Solar thermal power station in Jilin sets pace for cold climates
  • China-made C919 transports 5 million passengers in past 3 years
  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double

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