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06/11/2012

Experts: Chinese Luxury Goods Can’t Compete with Foreign Brands

BEIJING, June 8 (Xinhua) — Despite its status as the world's second-largest consumer of luxury products, China's own luxury brands are almost nonexistent, experts said Friday. Chinese products were few in contrast with the abundance of foreign items at a luxury commodities show that opened in Beijing on Friday."China has basically no top-class luxury brands, [...]

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06/11/2012

China to Launch Shenzhou-IX Spacecraft in Mid June

JIUQUAN – China will launch its Shenzhou-9 manned spacecraft sometime in mid-June to perform the country's first manned space docking mission with the orbiting Tiangong-1 space lab module, a spokesperson said here Saturday. By 10:30 a.m. Saturday, the spacecraft and its carrier rocket, the Long March-2F, had been moved to the launch platform at the [...]

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06/11/2012

Water Resource Allocation Plan to Take Effect by the End of 2012

China struggles with water shortage that made worse by inefficient usage. By the end of 2012, a water resource allocation plan for 25 rivers that flow through more than one province will be put into use, limiting the amount of water that can be taken from the rivers by each of the provinces. "We are [...]

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06/11/2012

China’s Exports, Imports Stronger than Expected

CHINA'S exports and imports rebounded more strongly than expected in May, giving bigger breathing space for policy-makers to implement supportive measures. Exports rose 15.3 percent from a year earlier to US$181.1 billion last month, up sharply from 4.9 percent in April and 8.9 percent in March, the General Administration of Customs said yesterday. Imports grew [...]

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06/11/2012

Number of University Entry Test-Takers Decline

China's Ministry of Education announced this year saw 180,000 fewer students take the national college entrance exam compared to the previous year. (Beijing) – For millions of students every year in June, the sum of knowledge is added up against the register of China's gaokao, or the country's national college entrance exam. But since 2008, [...]

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