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Senior PLA official heads for anti-terror drills in Kazakhstan
Chen Bingde, Chief of the General Staff of the Chinese People's Liberation Army (PLA), left here Thursday morning for Kazakhstan's Almaty City, to attend the opening ceremony of anti-terror drills in south Kazakhstan from Sept. 9 to 25, sources with China's National Defense Ministry said. The "Peace Mission 2010" drills is the seventh anti-terrorism military exercise launched under the framework of Shanghai Cooperation Organization (SCO). It has drawn about 5,000 troops from China, Kazakhstan ...

Acupuncture a way out of depression
Chinese medical experts say Traditional Chinese Medicine (TCM), especially acupuncture, can help prevent suicide on the eve of World Suicide Prevention Day, which falls on Friday. Du Wendong, president of the Institute of Psychology of the Nanjing University of Chinese Medicine, said no suicide cases had happened in his university since 1985 when the school began to use TCM in students' mental crisis intervention. According to TCM psychological theories, mental disorders can be ...

7 dead, 12 injured in mine explosion in SW China
A gas explosion ripped through a coal mine in southwest China's Yunnan Province Thursday morning, leaving seven miners dead and 12 others injured, local authorities said. The accident occurred at about 9:40 a.m. at a coal pit of Maanshan Coal Mine in Luxi County, the county publicity department said in a press release. Twenty-nine miners were working underground at the time of the explosion. Ten managed to escape without injuries and 12 injured have been rescued and sent to the ...

HK aviation chief elected chairman of ICAO Asia Pacific air navigation regional group
Director General of Hong Kong's Civil Aviation, Norman Lo, was elected Chairman of the Asia Pacific Air Navigation Planning and Implementation Regional Group under the UN specialized agency ICAO at the group's annual meeting, Hong Kong's Civil Aviation said Thursday in a statement. The annual meeting was being held at the International Civil Aviation Organization (ICAO) Asia and Pacific regional office in Thailand's Bangkok this week. Under China's membership, Lo was the first ...

HK shares end up on Wall Street cues
Wall Street's overnight gains lifted Hong Kong's benchmark index Thursday, led by exporter Li &Fung and China Unicom, though weakness on the Chinese mainland's bourses because of declines in domestic commodities firms damped local investor interest and narrowed early gains late in the session. The blue-chip Hang Seng Index rose 78.41 points, or 0.37 percent, to 21,167.27 after rising to a high of 21,248.58 inthe morning session. Market volume fell sharply to HK$61.86 billion, down fro ...

Macao's domestic lending to private sector grows 4.3% in July
Macao's domestic loans to the private sector reached 116.8 billion patacas (14.6 billion U.S. dollars) in July 2010, an increase of 4.3 percent over the previous month, according to the figures released on Thursday by the Monetary Authority of Macao. Some 35.7 billion patacas (4.5 billion dollars) of these loans were pataca-denominated while 73.7 billion patacas (9.2 billion dollars) were denominated in HK dollar, representing 30.5 percent and 63.1 percent of the total respectively, t ...

Asian Brands 500 released in HK
The annual Asian Brands 500 was released in Hong Kong Wednesday, with China Mobile replacing Haier China as the only Chinese Mainland brand among the top 10. The major reason for China Mobile to join the top 10 was the improvement of diversity of value-added business structure, said the organizing committee. Other brands in the top 10 were Samsung from South Korea, Toyota from Japan, HSBC China, LG from South Korea as well as Shimzu corporation, Sony, Toshiba, Panasonic and Shi ...

China's auto sales rebounds in August after July's monthly decline
China's domestic automakers sales to auto dealers rebounded 6.29 percent month on month to 1.322 million units in August after a monthly decline in July, the China Association of Automobile Manufacturers (CAAM) said here Thursday. The August auto sales at the wholesale level represented an increase of 16.14 percent year on year, according to the CAAM figures. Domestically-made auto output dipped 0.64 percent from July to 1.277million units in August but still posted an increase ...

Chinese shares tumble 1.44% on weak financial, property sectors
Chinese equities on Thursday fell the most in two weeks as financial and property shares continued to slide, with the benchmark Shanghai Composite Index down 38.94 points, or 1.44 percent to close at 2,656.35. The Shenzhen Component Index dropped 257.43 points, or 2.2 percent, to end at 11,465.35. Combined turnover expanded to 297.99 billion yuan (43.82 billion U.S. dollars) from 252.43 billion yuan on the previous trading day. Losers outnumbered gainers by 706 to 169 in ...

CNOOC amends output deals with Chevron, BP
China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas producer, said on Tuesday it signed amended production-sharing agreements with Chevron Corp and BP Plc for three deepwater blocks in the South China Sea, after US oil company Devon Energy Corp withdrew from the projects. Chevron acquired a 59.18 percent interest in block 42/05 and a full interest in blocks 64/18 and 53/30 from Devon in the exploration phase. BP acquired Devon's remaining intere ...

 

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