China

China, India end border talks with no sign of progress

Beijing - China and India on Friday ended their latest two-day round of talks on border disputes with an agreement to continue dialogue but no sign of progress.

"Chinese State Councilor Dai Bingguo and Indian National Security Adviser MK Narayanan headed their delegations for the talks, which were pragmatic, candid and friendly," the Chinese Foreign Ministry said in a statement released through the government-run Xinhua news agency.

The talks were the 12th round since China and India appointed special representatives in 2003 to explore solutions to their long-standing border disputes.

The ministry statement said the two sides "exchanged in-depth views on a framework to solve the issue," the agency said.

‘Australia will always pay lip service to America’

Melbourne, Sep 19 : Australia’s relationship with China could be affected by the US election results and the Australian influence is limited to reacting to US actions, a former American diplomat has said.

Former Clinton government official Derek Shearer said Republican candidate John McCain would be more forceful with China, while a Barack Obama Democrat Administration is likely to be less confrontational.

Now visiting Australia on a US state department tour, the former US Ambassador to Finland, said he expected tough foreign diplomacy from Senator McCain.

Liquid milk sold by three Chinese firms contaminated

New Delhi, Sep 19: Liquid milk sold by three leading Chinese companies is contaminated with melamine, leading to four infant deaths caused by the chemical.

The fourth death was reported from the Xinjiang Uygur autonomous region on Thursday. Two kids in Gansu and one in Zhejiang had fallen victim to contaminated milk earlier.

A total of 6,244 infants who were fed contaminated milk food produced by Sanlu Group have been diagnosed with various urinary tract problems, including kidney stones.

Police in Shijiazhuang, where Sanlu is based, said 12 people were arrested yesterday for their alleged involvement in the milk food scandal, taking the total number of arrests to 18, the China Daily reported.

Government moves help Chinese shares jump 9 per cent

Government moves help Chinese shares jump 9 per cent Beijing - China's main stock market jumped by 9 per cent on Friday, following the announcement of government measures to bolster share prices and earlier gains on Wall Street.

The key Shanghai Composite Index, which tracks shares traded in local and foreign currencies, shot up by 9.46 per cent, or 179.25 points, to end the day at 2,075.09.

The Shanghai index gained 9 per cent immediately after opening, while the smaller Shenzhen Component Index had also soared by 9 per cent at the close of trading on Friday.

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.

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