Beijing

China's foreign exchange reserves impacted by reduced exports

China's foreign exchange reserves impacted by reduced exports Beijing - The growth rate of China's foreign exchange reserves has significantly slowed, according to latest figures from the country's central bank. The reserves, the world's largest, rose 16 per cent year-on-year to 1.95 trillion dollars by the end of March, the Peoples' Bank of China indicated on Saturday.

This represents an increase of 7.7 billion dollars for the first quarter, but is 146.2 billion dollars lower than the same period last year.

China has long way to go on health reforms

China has long way to go on health reformsBeijing - Chinese authorities released a long-awaited health reform action plan last week, but it is only the first step in a long march towards curing endemic problems marring the country's medical system, analysts say. Over the next three years, 850 billion yuan (124 billion dollars) will be spent on lowering the costs of medicines, building and renovating hospitals and clinics, training medical staff, and improving and expanding the current medical insurance scheme.

Unpaid construction workers protest in Beijing

Unpaid construction workers protest in Beijing Beijing - More than twenty construction workers occupied a 17-storey apartment block in Beijing, demanding their unpaid wages, state media said Saturday. The workers occupied a residential building of real estate project Zhujiang Augusta in Beijing's Tongzhou district for three hours on Friday afternoon, the official news agency Xinhua reported.

Guo Yanjun, the workers' leader, was quoted as saying that they had not received any payment even though the project was almost complete.

Workers were owed 400,000 yuan (59,000 dollars) by the project owner, the report said.

Tibetan death sentences get little attention in China

Tibetan death sentences get little attention in ChinaBeijing, Apr. 10 : When two Tibetans were sentenced to death on Wednesday for setting fire to shops during last year's protest riots in Lhasa, the Chinese authorities chose to tell the rest of the world before they told their own citizens.

The episode illustrates the peculiar way in which news travels in China, where the government controls the traditional media, but the Internet offers an alternative, reports the Christian Science Monitor (CSM).

China sees fifth-straight monthly decline in exports

China sees fifth-straight monthly decline in exports Beijing - China's exports fell in March for the fifth month in a row as its manufacturers suffered through plummeting overseas demand during the global recession. Exports fell 17.1 per cent from the same month last year to 90.29 billion dollars while imports were also down
25.1 per cent to 71.73 billion dollars, the official news agency Xinhua reported, citing the General Administration of Customs.

The statistics showed that the total value of China's imports and exports in March was 162.02 billion dollars, down 20.9 per cent.

China denies US cyber-spy allegations

China denies US cyber-spy allegationsBeijing  - China on Thursday denied media reports that it was involved in an attack on the US power grid by computer hackers.

"The intrusion doesn't exist at all," Foreign Ministry spokeswoman Jiang Yu said, denying any involvement by China in mapping or breaking into America's infrastructure.

The US Wall Street Journal reported Wednesday that cyber-spies, believed to be from countries like China or Russia, repeatedly attempted to gain access to the US power grid to leave viruses which could disrupt the system.

Pages