China says not deliberately seeking trade surplus with U.S

China reiterated on Friday that it is not deliberately seeking a trade surplus with the United States, Chinese Vice Finance Minister Zhu Guangyao said, days before talks with the United States. “China’s position is clear — that we are not deliberately pursuing a large trade surplus,” Zhu told a news briefing ahead of the annual Strategic and Economic Dialogue in Washington D.C. from Monday. “This is a mutually... [more]

Spyker forms Chinese alliance to save cash-strapped Saab

Swedish car maker Saab has agreed to form a strategic partnership with Chinese company Hawtai Motor, Dutch owner Spyker confirmed on Tuesday. Hawtai is to put some €150m into Saab – €120m in the form of share capital (29.9%) and the rest in a convertible bond. The two companies will also work together in both production and technological developments. The deal is still subject to approval from certain Chinese government agencies,... [more]

China hails death of bin Laden, defends partner Pakistan

China hailed on Tuesday the death of Osama bin Laden in a U.S. raid while defending its regional partner Pakistan against accusations it had done too little against terror threats. Beijing and Washington have gone through bouts of friction over Taiwan and Tibet, regional security and most recently China’s clampdown on dissent and human rights activists. China showed no appetite, however, for turning the U.S. raid that killed bin Laden... [more]

Paralyzed Chinese gymnast sues for $1.8 billion

Sang Lan, a Chinese gymnast who broke her neck during a vaulting accident at the 1998 Goodwill Games, filed a $1.8 billion lawsuit against Time Warner and the US gymnastics federation. Sang was paralyzed after being injured during a warm-up vault at the Nassau Coliseum in suburban New York at the global multisport event which is no longer contested but was at the time owned by AOL Time Warner. In a federal lawsuit, Sang, now 29, claims promises... [more]

Thousands march in Hong Kong to demand release of China’s Ai

Over one thousand protesters in Hong Kong took to the streets to demand the release of detained Chinese artist and human rights activist Ai Weiwei on Saturday, scuffling briefly with police. The rally — the largest in a string of protests across the city in recent weeks — has underscored Hong Kong’s growing role as a hotbed of support for Ai with local pro-democracy activists and artists ratcheting up pressure on Beijing... [more]

Chinese Man Finds Bullet In His Brain

A farmer from central China has discovered his mystery illness was caused by a bullet inside his brain 23 years after it lodged there. Wang Tianqing was suffering from symptoms that had grown progressively worse over two decades, but when he finally visited the doctor, the cause came as a surprise. CT scans showed a bullet inside his head. The Chinese surgeon who removed it says Mr Wang cheated death by a matter of millimetres. “The... [more]

Third day of Shanghai strike threatens China exports

Striking truck drivers protested for a third day Friday in Shanghai’s main harbour district amid heavy police presence and signs the action has already started to curb exports from the world’s busiest container port. The strike is a very public demonstration of anger over rising consumer prices and fuel price increases in China. It comes as the government struggles to contain higher inflation, which hit 5.4 percent in March,... [more]

US, China to hold human rights talks

The United States said it will hold hold human rights talks with China in Beijing next week, amid a Chinese crackdown on government critics that has drawn US condemnation. The “discussions will focus on human rights developments, including the recent negative trend of forced disappearances, extralegal detentions, and arrests and convictions,” the State Department said in a statement on Friday. Assistant Secretary for Democracy,... [more]

UN chief silent on China arrests

UN chief Ban Ki-moon came out all diplomatic and political guns blazing to defend protesters in the Arab world and civilians in Ivory Coast, but on a new wave of arrests in China: silence. The former South Korean foreign minister has, through his first term as UN secretary general, stressed the role of “quiet diplomacy” for some prickly cases. But the disappearance of dozens of artists, intellectuals and dissidents in China in... [more]

China’s traders cash in on royal wedding

Chinese jewellery factory owner Zhou Mingwang sums up the global appeal of this month’s British royal wedding with one line: “It’s a love story.” But, he adds with a sly smile, the much-ballyhooed April 29 union of Prince William and girlfriend Kate Middleton is also a great business opportunity for Zhou and his fellow entrepreneurs in this eastern China factory town. Zhou, 32, has sold more than 100,000 replicas... [more]

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