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06/08/2012

China Needs Time, Room to Improve Air Quality

BEIJING, June 7 (Xinhua) — Disputes regarding the quality of Beijing's air have sparked criticism against the Chinese government for allegedly dismissing its responsibility to provide a better environment. The U.S. embassy in China releases hourly air quality data, describing the air in Beijing and other major cities as unhealthy or worse. In fact, the [...]

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06/08/2012

Hero Driver Gives Spiritual Support to Rise of China

The Hero driver Wu Bin, like the most beautiful female teacher and most beautiful mother, is a bright landmark of the current China. The rise of a great power does not mean only the economic miracle and material civilization. Without a strong enough spiritual support, a great power will not last and will not be [...]

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06/08/2012

China to Loan $10 Billion to SCO Members States

The Shanghai Cooperation Organization (SCO)'s Beijing summit concluded Thursday with a joint communiqué outlining its future blueprint. China also pledged loans worth $10 billion to the bloc's member states to promote economic development. In the communiqué, member states called on the international community to work for peaceful coexistence and promote coordinated, sustainable development. It also spelt [...]

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06/08/2012

Imports to Get Boost from Tariff Cuts

Adjustments to further promote balanced trade, says vice-premierChina will adjust trade tariffs and provide fiscal support to boost imports while the world economy is undergoing a "complicated" restructuring, Vice-Premier Hui Liangyu said on Thursday. He said the adjustments aim to further promote balanced trade, but he did not provide details about how and when the [...]

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06/08/2012

China Cuts Interest Rates for the First Time since 2008

China has cut borrowing costs for the first time since 2008 and loosened controls on banks' lending and deposit rates, stepping up efforts to combat a deepening slowdown as Europe's debt crisis threatens global growth. From today, the benchmark one-year lending rate will fall by a quarter of a percentage point to 6.31 percent, the [...]

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