A privately-owned power plant has triggered a national debate by selling electricity to consumers at a lower price than government-set market value. Although this model cannot be copied according to energy experts, it is posing a challenge to State-owned power grid companies and is in line with a public appeal to break the monopoly of [...]
BEIJING, June 4 (Xinhua) — China's growing military power is in accordance with the country's economic and social development and in line with its defense needs, Foreign Ministry spokesman Liu Weimin said here on Monday. Responding to recent criticisms from Japan on the increases in China's defense spending, Liu said at a daily press conference [...]
BEIJING – Deliberately highlighting the military and security agenda, deploying more military forces and strengthening military alliances in the Asia-Pacific region are inappropriate, Chinese Foreign Ministry spokesman Liu Weimin said Monday. At an Asian security forum Shangri-La Dialogue, US Defense Secretary Leon Panetta reiterated the increased US involvement in the Asia-Pacific region, outlining US plans [...]
(Beijing)–The value of the yuan has fluctuated more since the beginning of the year than in recent years, and there are signs the market is betting on continuous depreciation in the coming months. Data from the People's Bank of China showed that in the first five months of 2012, the value of the yuan fell [...]
CHINA'S economy may have started to stabilize in May after a sharp deterioration in April although industrial production, fixed-asset investment, retail sales and trade are likely to stay weak. After the current stimulus measures filter through, the performance in the world's second-largest economy may start to pick-up from this month, analysts said. A set of [...]
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