(Beijing) – The latest interest cut will be followed by more loosening measures, economists say, after the central bank lowered interest rates for the second time in a month amid a weakening economy. There will probably be another cut to banks' interest rates and two to the reserve-requirement ratio (RRR) later this year, Mizuho Securities' [...]
CHANGSHA, July 8 — Eight miners were lifted to ground Sunday after being trapped for over three days under a flooded colliery pit in central China's Hunan Province, rescuers said. Another four of the 11 mine workers confirmed alive Saturday night were pulled out of a pit of Qielichong colliery in Leiyang city, at 6:20 [...]
Several high-profile intellectuals clashed at the south entrance of Chaoyang Park in Beijing on Friday at noon after agreeing to meet online, humiliating all Chinese cyber intellectuals. There was no winner in this farce. Physical fighting over conflicting political thoughts is the most vulgar behavior yet carried out by a few online intellectuals, also tainting [...]
Singapore to give HK a run for its money. Singapore's stock exchange plans to start listing securities denominated in the yuan as it challenges Hong Kong and Tokyo for a bigger share of equities and currency trading from the world's second-largest economy. The move is also seen by analysts as a boost to the Chinese [...]
The Ministry of Health denied an allegation on Friday that the national standard on the maximum limit of melamine in baby milk formula is laxer than the level newly set by an international organization. The Codex Alimentarius Commission has set a maximum limit of 0.15 mg/kg for melamine in liquid infant milk, according to a [...]
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