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> News of the day < BEIJING — Prime Minister Wen Jiabao, answering prescreened questions at an annual news conference, said Monday that China faced daunting challenges of taming inflation and developing a more consumer-based economy, and that the government would allow the nation’s currency to appreciate but at a cautious pace in order to protect Chinese jobs and businesses. In [...] |
ABOUT a week after Egyptian protesters forced out President Hosni Mubarak, anonymous calls demanding a similar revolution in China appeared on Web sites hosted outside of China. The unnamed activists asked people to gather every Sunday at designated spots in 13 Chinese cities. The Chinese government responded swiftly, rounding up prominent dissidents and installing a [...]
There is no particularly special technology needed to make a chainsaw. It’s really just plastic and metal parts screwed together with old-fashioned nuts and bolts. The Chinese already make chainsaws. But that hasn’t stopped German power-tool manufacturer Stihl from selling its made-in-Germany chainsaws around the world, even though its top-end models are among the priciest [...]
Though the world’s attention has recently been focused on the unveiling of China’s first ever stealth fighter jet, the Chinese military has been busy investing in another type of furtive flyer: the humble messenger pigeon. According to reports in state media, late last year, the Chengdu division of the People’s Liberation Army (PLA) began training [...]
BEIJING — Apparently unnerved by an anonymous Internet campaign urging Chinese citizens to emulate the protests that have rocked the Middle East, Chinese authorities this week have begun a forceful and carefully focused clampdown on activities by foreigners that the government deems threatening to political stability. Public security officials have summoned dozens of foreign journalists [...]
GENEVA — Is the Chinese car market overheating? Auto industry executives, responding to studies warning that the Chinese market could become glutted, acknowledged the risk this week, but they said they were confident that they would not suffer a sudden downturn in Asia sales or get stuck with underused facilities. Dieter Zetsche, chief executive of [...]
Two executives at Alibaba, China’s largest e-commerce group, have resigned after a rise in fraudulent sales. The firm said an internal investigation had discovered more than 1,000 fraud cases in both 2009 and 2010. The pair, chief executive David Wei Zhe and chief operating officer Elvis Lee Shi-Huei, were not involved in the frauds but [...]