China

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Dow Climbs 320, Ending Skid
Dow Climbs 320, Ending Skid
Nov 13, 2007 3:48 PM CST

Dow Climbs 320, Ending Skid

Could the worst of the credit crisis be over?

(Newser) - The Dow shot up by nearly 320 today, ending 4 days of declines as the markets bounced back in a rally led by financial stocks. A drop in oil prices helped, as did the announcement that Apple was planning to sell its iPhone in China, reports Bloomberg. The Dow surged...

China's Trade Surplus Hits $27B
China's Trade Surplus Hits $27B
Nov 12, 2007 9:40 AM CST

China's Trade Surplus Hits $27B

Exports continue to outpace import growth

(Newser) - China's trade surplus rose to a record $27.05 billion last month, up 13.5% over last year despite a 25.5% balloon in imports, Bloomberg reports. The number lagged forecasts, raising the possibility that new trade policies are gaining traction, Reuters reports. US and EU officials will travel to...

$100 a Barrel Oil Triggers Crisis

New energy shock caused by runaway demand

(Newser) - The planet is headed for the third major energy crisis in a generation, but this one may be more serious and last longer than the others, the New York Times reports. Energy crises in the '70s and '80s were triggered by interruptions in supply from the Middle East....

China to Top US in Energy Use, Pollution

Demand will double in 20 years, says new report

(Newser) - China will bypass the US to become the world’s top energy consumer by 2010, a new study says. Spurred by increased demand for natural resources, the country’s energy consumption will double in just 20 years to satisfy its booming economy, the BBC reports. To quench its thirst for...

Families of Jailed Chinese Dissidents Slam Yahoo

Hope Congressional hearings will bring pressure for men's release

(Newser) - Families of two jailed Chinese dissidents who appeared at Congressional hearings on the matter yesterday say they hope hearings would pressure China to release the men, who were imprisoned after Yahoo released information about them to their government. After the hearing, Yahoo execs met with the family members privately, apologizing...

Popular Toy Recalled Over Toxic Beads

Aqua Dots, made in China, replicate date-rape drug

(Newser) - A popular arts-and-crafts toy made in China is being yanked from stores worldwide after it was found to include a chemical that replicates the effects of date-rape drugs, the Wall Street Journal reported today. At least three children were hospitalized recently in Australia after swallowing beads from the toy, sold...

China Widens Antarctic Presence
China Widens Antarctic Presence
Nov 6, 2007 4:49 PM CST

China Widens Antarctic Presence

The race for the continent's seabed continues

(Newser) - China will build its third Antarctic research facility, expanding its presence on the continent as the international race for rights to the seabed heats up. As melting ice caps open the possibility of mining the seabed, countries including Chile, Argentina, and the UK are scrambling to claim portions of the...

Top 20 International Travel Hits
Top 20 International Travel Hits
Nov 6, 2007 11:05 AM CST

Top 20 International Travel Hits

The dollar may be down—but that isn't keeping Americans from spending their money abroad

(Newser) - Money may not be flowing the way it once did, but Americans are traveling more than ever. Forbes Traveler lists the top 20 destinations for Yankee jetsetters:
  1. Mexico
  2. Canada
  3. UK

83% Back Sacrifice to Fight Warming

But global survey mixed on higher fuel taxes

(Newser) - Four out of five people worldwide indicated they're ready to make personal lifestyle changes to combat global warming—even those from the worst carbon dioxide spewers, China and the US, according to a BBC poll of 22,000 people. Support was mixed, however, on increasing taxes on coal and oil,...

PetroChina Becomes First Trillion-Dollar Company

Wildly successful IPO gives China 5 of world's top 10 companies

(Newser) - In its first day of trading, PetroChina Co. became the world’s most valuable company, hitting $1 trillion in market capitalization after shares nearly tripled to 43.96 yuan from an IPO of 16.7 yuan. It’s now worth more than the entire Russian stock market. Some analysts interpreted...

So Many Men, So Much Frustration
So Many Men, So Much Frustration
Nov 2, 2007 8:48 PM CDT

So Many Men, So Much Frustration

Asian gender gap will see millions without mates, stall economies

(Newser) - A growing gender gap spells trouble for Asian markets, where scholars predict that a glut of men without partners—Chinese and Indian men will outnumber women by more than 20 million each in 2030—will have a cascade of unintended consequences, economic as well as social.  Sexual violence and...

US Sets 2-Week Deadline for Iran Sanctions

Vows to push UN for tougher nuke stance, faults Russia, China

(Newser) - The US vowed today to fight for new UN sanctions on Iran if its Mideast rival doesn’t stop nuclear activity within two weeks, Reuters reports. Undersecretary of State Nicholas Burns blamed Russia and China for delaying a third round of economic sanctions; those nations hold veto power on the...

Cisco Marches Into China With $16B Expansion

Network king partners with Chinese firm on censored Internet

(Newser) - Cisco Systems, the giant of network gear, has announced a long-term, $16 billion expansion into Chinese markets, reports the AP. The multi-part expansion includes doubling Cisco's manufacturing in the country, a venture capital program in collaboration with a government bank, and a partnership with China's largest commerce website to produce...

China Hikes Domestic Oil Prices 10%

Move to lower demand spurs crude prices to record highs

(Newser) - China raised its domestic oil prices 10% yesterday, one of the key factors in crude’s surge to over $95 per barrel. The move was actually designed to decrease global oil prices, the Wall Street Journal explains, by lowering demand. But Chinese refineries, usually stuck with low government-set prices for...

Budget Batters FDA Oversight of Foreign Drugs

Commissioner to testify before Congress today

(Newser) - The federal Food and Drug Administration's spotty record inspecting foreign drug manufacturers will be even worse next year as its budget drops just as developing countries are flooding the market with new medications, reports the Washington Post. Foreign drug plants are inspected only once every eight to 12 years because...

Chinese Drugs Go Unchecked
Chinese Drugs Go Unchecked
Oct 31, 2007 12:54 PM CDT

Chinese Drugs Go Unchecked

Loophole allows pharma-producing chemical companies to bypass regulation

(Newser) - China’s massive prescription drug industry has an equally massive flaw: pharmaceuticals made by chemical companies are not held to regulatory standards. Of nearly 500 Chinese companies at a recent drug trade show, 82 were unregulated and uncertified, the New York Times discovered. “This is definitely against the law,...

Chinese Pension Fund Considers US Private Equity Deals

Burned by Blackstone, Beijing takes it slow

(Newser) - China, suffering buyer’s remorse after investing in US private equity firm Blackstone, is taking its time before diving back into that end of the financial pool, reports the Financial Times. The Big Three of US equity firms, Carlyle, KKR, and TPG, are each seeking a minority investment from China’...

Canada Hails Dalai, China Rages
Canada Hails Dalai, China Rages
Oct 30, 2007 3:44 AM CDT

Canada Hails Dalai, China Rages

Latest welcome for Tibetan exile new blow to China

(Newser) - Canada's Prime Minister Stephen Harper rolled out the red carpet for the Dalai Lama yesterday, provoking the wrath of the Chinese government. The two men exchanged traditional white Tibetan silk scarves, with Harper's gift to his guest embroidered with the Canadian maple leaf. The Chinese are furious over the attention...

Raptors Really Ran in Packs —in China

Footprints reveal Jurassic Park -style dinos with nasty claws

(Newser) - The dinos depicted in Jurassic Park really were big and nasty and hunted in packs, and fossilized footprints show where they did it: in China, about 100 millions ago. Standing 1.2 meters tall at the hip, the dromeosaurs ran in packs of six and held up big killing claws—...

Kremlin May Forge a Separate 2.0 Peace

Moscow mulling the creation of a Russian-only computer network

(Newser) - The Kremlin is going 2.0 by extending its reach into cyberspace, where dissidents have found refuge from the government’s tight censorship. While Putin allies mount pro-government websites and snatch up existing independent outlets, Moscow is considering the creation of a separate Russian network. “The attractiveness of the...

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