Analysis | Old investment remedy the treatment for mainland’s ‘new normal’

For the past decade, Chinese policymakers have spent big on major projects to buoy growth in the face of economic hardship, and this approach appears not to have changed with

Beijing secures construction of European railway

China secured a deal yesterday to construct a high-speed train link between the Belgrade and Budapest that will cut travel time between the Serbian and Hungarian capitals from eight hours to

New Beijing airport gets the go ahead

China’s economic planner announced its approval on construction of a new airport in Beijing on Monday, the state-run Xinhua news agency reported. The project will involve 79.98 billion yuan (USD13.11 billion)

PRC looking for new markets in eastern Europe 

In an attempt to secure business ties and increase political influence, China is on a charm offensive in eastern Europe — where the European Union and Russia are also vying for sway. Chinese

College entrance exam reform to take focus off score results

The Education Ministry yesterday took a critical step in its initiative to reform the college entrance exam system, aiming to reverse exam-oriented education to help fuel future growth. According to the

Rail chief ally Ding given jail, USD400m fine in graft case

A former ally of China’s disgraced railway chief was ordered by a Beijing court yesterday to pay the largest fine so far in President Xi Jinping’s anti-graft campaign, after being

Gov’t raises estimate of size of economy 

China yesterday raised its official estimate of last year’s gross domestic product, possibly moving closer to passing the United States as the biggest economy. There was no indication the change would

Survey: Manufacturing contracts in December

Chinese manufacturing contracted in December for the first time in seven months in another sign the slowdown in the world’s No. 2 economy is quickening, according to a survey of

Xiaomi starts selling phones in Brazil in 2015

Private Chinese company Xiaomi is due in 2015 to start selling smartphones in Brazil, after the National Telecommunications Agency (Anatel) approved the Note 4G model, the Brazilian press reported. Xiaomi,

Diamonds help Angola to offset drop in oil prices

Figures from Angola’s Finance Ministry showed that revenues from diamonds, including taxes and royalties, reached USD6.5 billion between January and September, in line with last year’s total, and with a

Hong Kong | Occupy ends as police clear final protest site

Hong Kong police tore down barricades, folded up tents and arrested some protesters yesterday at a third and final pro-democracy protest camp, ending demonstrations that blocked traffic in the southern

Court clears man 18 years after his execution 

A court in northern China yesterday cleared a man of the rape and murder of a woman in a public toilet 18 years after he was executed for the crime. The Inner Mongolia

Xi asks people not to forget Japanese crimes at Nanjing memorial

China’s President Xi Jinping said people should never forget the serious crimes committed by aggressors as the nation marked a new day of commemoration to remember the victims of the

Hong Kong | Police to clear last Occupy protest site today

Hong Kong will clear the last occupation site in pro-democracy protests today, ending more than two months of road blockades in the city that have disrupted traffic and sparked violent

Authorities to punish tourists in Thai air rage noodle assault

Chinese authorities vowed to severely punish Chinese travelers who threw hot water and noodles on a Thai flight attendant and threatened to blow up the plane after they became enraged

Beijing shocked by fatal riot in Madagascar 

The Chinese Embassy in Madagascar expressed shock yesterday at a deadly riot involving local workers at a Chinese-run sugar plant and criticized the island nation’s government for failing to protect

Hong Kong | Police arrest protesters in Occupy main camp

Hong Kong police yesterday took away demonstrators who refused to leave the main pro-democracy protest camp and tore down their tents in a final push to retake streets occupied by

Taiwan | Annette Lu leads hundreds of supporters to visit Chen in prison

More than six mayors, 50 city councilors, county commissioners and representatives from various groups including the Alliance of Referendum for Taiwan, the Presbyterian Church in Taiwan, the One Side, One

Fidel Castro awarded Confucius Peace Prize

Former Cuban leader Fidel Castro is this year’s winner of the Confucius Peace Prize, China’s alternative to the Nobel Prize. The committee that sponsors the prize praised 88-year-old Castro for peacefully

Xiaomi stopped from selling handsets in India

Judge G.P. Mittal of the New Delhi High Court also ruled earlier this week that Xiaomi’s Indian distributor, online retailer Flipkart, is prohibited from selling the Chinese company’s phones while

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