China

German business plans investment boost in China

Berlin - German industry is planning to boost its investment in China's booming economy, a survey released Tuesday said.

Drawn up by Germany's Chamber of Trade and Industry (DIHK), the survey found that 40 per cent of German companies that are already active in China plan to increase their investment in the Asian powerhouse economy.

The DHIK estimated that about 200,000 German jobs are now dependent on exports to China.

"Germany's trade with Asia in 2008 and 2009 will be focused on German-Chinese economic relations," the DIHK said releasing the survey.

"A third of German exports to Asia will be for customers in China," the chamber said.

China expresses concern over John McCain, Dalai Lama meeting

New DelhiDalai Lama and John McCain, July 29: China’s Foreign Ministry has expressed its concern over a meeting between US Republican presidential candidate John McCain and the Dalai Lama, and warned that it could damage Sino-US relations.

“We oppose the Dalai Lama going to any country in any capacity to engage in separatist activities,” Foreign Ministry spokesman Liu Jianchao said.

He was speaking following McCain’s meeting on Friday, with the Dalai Lama in Colorado in the United States, the China Daily reported.

South-east China braces for torrential rains as typhoon arrives

Beijing - Parts of south-eastern China were expecting more than 200 millimetres of rain Tuesday after Typhoon Fung Wong hit land in Fujian province.

The eye of the typhoon landed late Monday near Donghan town, packing winds of up to 119 kilometres per hour, provincial meteorologists said.

The typhoon, which had earlier caused deaths in the Philippines and Taiwan, was forecast to weaken into a tropical storm as it moves inland Tuesday and Wednesday in China, but several provinces have been put on alert for possible flash floods and landslides.

Fujian and neighbouring Zhejiang province evacuated more than 500,000 people from vulnerable areas Monday and called back to port about 80,000 fishing boats.

Traditional Chinese fishing nets on the verge of disappearance

Kochi, July 29: 'Chinese Fishing Nets', a centuries old unique fishing technique, introduced by Chinese traders in the 14th Century, finds it hard to survive in the coastal town of Kochi.

The huge wooden cantilever nets which look like spiders on the shores catching fish in backwaters of Fort Kochi, attracts thousands of tourists both domestic and international.

The Chinese fishing nets in Kerala, it id believed, were introduced by traders from the court of Chinese ruler Kublai Khan in Cochin during the 14th century.

But this heritage of more than 500 years old trade relations between India and China is on the verge of extinction and soon would be history.

Condoleezza Rice meets with Chinese counterpart ahead of Olympics

Washington - Condoleezza Rice meets with Chinese counterpart ahead of OlympicsUS Secretary of State Condoleezza Rice met with her Chinese counterpart, Jiechi Yang, on Monday ahead of next month's Olympics in Beijing.

The two diplomats were expected to discuss President George W Bush's attendance of the Opening Ceremonies on August 8 and a host of bilateral issues.

Bush decided to participate in the event despite calls from human rights groups for a boycott because of China's crackdown against Tibetan monks earlier this year.

China clamps down on black market steroid sales ahead of Olympics

China seeks 33.4 million dollars for Sichuan earthquake recovery

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