UN atomic expert downplays China nuclear ‘breakthrough’

China has become one of only a handful of countries that can reprocess spent nuclear fuel but is not yet capable of doing so on an industrial scale, a UN atomic expert said Monday. Earlier this month, the China National Nuclear Corporation said it had achieved a significant “breakthrough” by developing a fuel reprocessing technology that will extend the lifespan of Beijing’s proven uranium deposits to 3,000 years, from... [more]

Gates gets tour of Chinese nuclear base

China invited U.S. Defense Secretary Robert Gates inside its nuclear warfare headquarters on Wednesday, giving him a rare glimpse into control of weapons that could one day be launched at the United States. Both the U.S. and China have long-range missiles that could reach the other’s shores. Both nations say they have no intention of using the weapons that way. “There was a discussion of nuclear strategy and their overall approach... [more]

China to be Volvo’s ‘second home market

China may be the largest market for Volvo Cars by the end of 2011, as the company looks to increase sales in China six-fold by 2015, according to the head of Volvo’s China operations. “I would say (China will be the No. 1 market) in the next couple of years — hopefully one year,” Volvo Car China chairman Freeman Shen told the Reuters news agency from the Detroit auto show. Last week, Volvo announced that global sales... [more]

China can manage inflation expectations – Vice Premier

China has the ability to manage inflation expectations and will seek a balance between containing price pressures while maintaining strong growth and restructuring the economy, Vice Premier Li Keqiang said on Tuesday. “We have the capability … to maintain price levels and to manage inflation expectations,” Li said, answering questions after giving a speech at a London dinner hosted by the China-Britain Business Council. “For... [more]

Giant Panda Pair To Head To Scotland

Britain has signed an historic agreement with China to bring two giant pandas to Edinburgh Zoo. Tian Tian and Yangguang, a breeding pair born in 2003, will be the first to live in the UK for 17 years. Zoo chief executive officer David Windmill said: “This…represents the beginning of a programme of research, education and partnership and the project has huge benefit for the UK and Scotland, both in supporting giant panda conservation... [more]

China’s Premier Wen travels to landslide-hit region

China’s Premier Wen Jiabao is travelling to the country’s northwest where landslides triggered by heavy rain have left over 80 people dead and more than 2,000 missing, state media said Sunday. More than 70 were injured in the landslides in a mainly Tibetan region of Gansu province late Saturday night, state television said. A total of 20,000 people living in Zhouqu county have been evacuated, the report said. Wen has left Beijing... [more]

China beaches closed after oil spill

Chinese authorities have closed several beaches and an island resort near the major port of Dalian as they try to clean up an oil spill that has affected crude shipments, state media said Wednesday. Tourists were barred from Bangchui island and city beaches amid ongoing efforts to clean up the slick that stretches over at least 183 square kilometres (70 square miles) of ocean, the China Daily newspaper said. More than 23 tonnes of oil-eating... [more]

Wen says China growth in line with expectations

Chinese Premier Wen Jiabao said on Sunday that a slowdown in second quarter growth to 10.3 percent was in line with expectations, but warned of economic difficulties ahead. Wen made the remarks during a weekend tour of north China’s Shaanxi province where he said the slow pace of the global economic recovery posed dangers to his nation, according to a report on his government’s website. “So far this year, our nation’s... [more]

U.S. gives China pass on currency

The Obama administration declined to label China a currency manipulator in a long-delayed report on Thursday, spurring fresh calls from U.S. lawmakers for tough new steps to pressure Beijing. Some lawmakers claim a misalignment in China’s yuan currency distorts trade and steals U.S. jobs. The U.S. Treasury’s semiannual currency report, which originally was due on April 15, said China’s yuan remains undervalued but noted... [more]

Google changes China redirection

Google has confirmed it will stop automatically directing users of its China search site to its Hong Kong site after Beijing said the company would lose its mainland internet licence if the tactic continued. Google shut down its China-based search engine on March 22 to avoid co-operating with the communist government’s internet filtering and has rerouted users to its unfiltered site in Hong Kong. But Google said regulators told the... [more]

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