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04/17/2012

US Begins Military Exercises with Philippines

Nearly 7,000 American and Filipino soldiers began a 12-day military exercise in Manila on Monday amid wide suspicion of the annual drill's aim at containing China and growing concerns over the South China Sea. The joint exercise, named "Balikatan" or "shoulder to shoulder", started with an opening ceremony attended by Philippine Armed Forces Chief General [...]

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04/17/2012

Wind Power Firms Eye Vestas Deal

(Beijing)-Two major wind power equipment makers in China have shown an interest in bidding for the world's biggest wind turbine maker, Vestas Wind Systems, a Danish newspaper reports. The report by the Jyllands-Posten newspaper on April 16 cited an unnamed source as saying that China's biggest turbine maker, Sinovel Wind Group, and second-biggest, Xinjiang Goldwind [...]

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04/17/2012

China to Appoint More Non-Communist Officials to Senior Positions

More non-Communist Chinese personnel will be appointed as chiefs, rather than deputy heads, of government agencies, according to an official statement issued on Sunday. Currently, two ministers in the cabinet are not members of the ruling Communist Party of China (CPC). Concrete efforts should be made to reserve more vacancies as government heads or directors [...]

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04/17/2012

Central Bank Gives Yuan More Latitude

Currency falls as trading band widened for first time in five years The yuan dipped against the US dollar on Monday after the central bank doubled the currency's daily trading band but analysts predict an appreciating trend for 2012. It was the first time since May 2007 that the trading band was widened. Despite the [...]

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04/17/2012

China Urges Philippine Archaeological Vessel to Leave Huangyan Island

BEIJING, April 16 (Xinhua) — China on Monday urged a Philippine archaeological ship to immediately leave the waters of Huangyan Island in the South China Sea, which China claims to be an integral part of its territory. Foreign Ministry spokesman Liu Weimin made the remarks at a regular press briefing when asked to comment on [...]

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