China

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New Shanghai Art Fair Wows Critics, Dealers

Western traders are panicked, but in China the market's booming

(Newser) - Western art dealers are jittery about the coming month's fairs in London and Paris, but at Shanghai's first international contemporary art fair the mood was buy, buy, buy. The Telegraph traveled to ShContemporary, a fair that assembled galleries from Asia, Europe and the US. Censorship might reign in the People's...

China Agrees to End Lead Toy Imports

After third Mattel recall, Beijing seeks to end fallout

(Newser) - After three recalls by Mattel and growing nail-biting among parents, Chinese officials have signed an agreement with Washington to stop using lead paint in imported toys, CNNMoney reports. Although the US outlawed sales of lead-painted toys in 1978, Chinese-made products containing the hazardous metal continue to seep into the market....

Trade Gap Dips to Lowest Level in 3 Years

Weak dollar, stronger world economies fuel rise in US exports

(Newser) - The US trade gap—the difference in total value between imports and exports—dropped to a 3-year low in July as exports jumped on a weak dollar and growing overseas demand. The figure fell 0.3% to $59.2 billion, roughly on par with the estimate economists surveyed by Bloomberg...

Wall Street Funds Chinese Spy Upgrade

Hedge funds offer $150M helping hand to Beijing Big Brother

(Newser) - Wall Street money is fueling the high-tech upgrade of China's police state, the New York Times reports. US hedge funds have poured $150 million into Chinese surveillance companies that are developing the latest in government spookware, from face-recognition technology to behavior-recognition software that can spot a disturbance before it begins.

Oil, Steel Fuel Surge in Asian Markets

Near-record crude prices outweigh fears of US skid

(Newser) - Crude climbed within 50 cents of a record today, and that meant Asian stock indexes were climbing as well with the Nikkei rising 0.3% and the Asia-Pacific index up 0.1% after big losses Friday. Steel joined oil as a big mover when South Korean producers announced a price...

Soaring Inflation Rocks China
Soaring Inflation Rocks China
Sep 11, 2007 3:36 AM CDT

Soaring Inflation Rocks China

Food prices feeding public unrest

(Newser) - China's soaring inflation rate is the highest in a decade, putting pressure on the central bank to hike interest rates for the fifth time in six months to cool China's superheated economy. Food prices have jumped 18%, raising fears of public unrest., Bloomberg reports. Consumer prices rose across the board...

Recalls Will Increase 'Made in China' Prices

New quality standards are expected to pinch consumers' pockets

(Newser) - Following a series of high-profile toy recalls and international criticism over China's export standards, the the cost of merchandise bearing the "Made in China" is expected to rise at least 10% in the next year, the LA Times reports. "For American consumers, the big China sale over the...

Chinese Woman 'Needled' for Being Female

26 needles embedded by grandparents who wanted a grandson

(Newser) - Chinese doctors have found an astonishing 26 sewing needles embedded in the body of a woman which they believe were inserted when she was a baby by grandparents who wanted a grandson. Some of the needles have pierced vital organs, and a broken one lies in the woman's brain. The...

APEC Leaders Agree to Take on Global Warming

But pact isn't ambitious enough, critics say

(Newser) - Leaders of 21 Pacific Rim nations yesterday pledged to “slow, stop, and then reverse” greenhouse emissions, at the annual APEC summit. The group—which includes developing nations and top emitters Russia, China, Japan, and the US—could influence UN climate change negotiations. But critics call the pact unambitious, citing...

Bush Calls For Freedom in China
Bush Calls For Freedom in China
Sep 7, 2007 6:07 AM CDT

Bush Calls For Freedom in China

He warns that world will be watching during Olympics

(Newser) - President Bush yesterday called on Chinese officials to demonstrate a commitment to "greater openness and tolerance" before the 2008 Beijing Olympics. In a speech to business executives in Sydney on the eve of the Asia-Pacific summit, Bush emphasized the need for greater freedoms throughout Asia and warned China that...

US, China Grow Closer Despite Touchy Issues

Bush accepts Olympics invitation; talks recalls, environment with Hu

(Newser) - President Bush accepted an invitation today from China’s president to attend next summer’s Olympics, a gesture that will likely anger human rights activists but may increase pressure on Beijing, the Times reports. In a 90-minute meeting in the eve of the APEC summit, Hu Jintao and Bush also...

Chinese Military Hackers Hit London, Too

A day after Pentagon denial, evidence of cyberattacks in Europe

(Newser) - A day after Beijing denied that Chinese hackers had infiltrated the Pentagon's computer network, the Guardian leads with a story that "cyberwarriors" have targeted British defense and diplomatic ministries. The hackers, believed to be working for the People's Liberation Army, have also directed attacks at American and German government...

Mattel Plans 3rd Recall of Toys Made in China

Will affect about 675,000 Barbie accessories

(Newser) - Barbie accessories will be reined in by the hundreds of thousands by Mattel, which plans to recall another three quarters of a million Chinese-made toys due to dangerously high lead paint levels, the Wall Street Journal reports. The company's third recall this summer will also affect about 100,000 “...

China Denies Hacking Pentagon
China Denies Hacking Pentagon
Sep 4, 2007 8:59 AM CDT

China Denies Hacking Pentagon

Part of network came offline for a week

(Newser) - The Chinese military hacked the Pentagon's computer system in June, bringing part of it down for over a week, the Financial Times reports, but Beijing calls the accusation "groundless." The apparently successful hack raises serious worries about the safety of the network because it shows China has "...

US Laborers Work Hard for the Money

New UN report says Americans more productive than peers

(Newser) - Labor Day is a well-deserved rest for Americans, as a new UN report shows US laborers work longer, harder, and get more done than their counterparts worldwide. The average US worker produces the most wealth, raking in $63,885 yearly, followed by Irish laborers at $55,986. Only Norway beat...

N. Korea Agrees to Ban Nukes
N. Korea Agrees to Ban Nukes
Sep 2, 2007 1:49 PM CDT

N. Korea Agrees to Ban Nukes

Move could lead to friendlier relations with US

(Newser) - North Korea has promised to disable all of its nuclear facilities by the end of this year, the BBC reports, possibly paving the way for warmer relations between the US and a country it now lists as a supporter of terror. After meeting with representatives from the North, US negotiator...

China Finds Worms, Low Standards in US Goods

Beijing calls for global quality-control reforms

(Newser) - China got off the latest shot in the war over substandard imports, reporting today it had found tiny worms in wooden packaging and substandard vitamins and children’s fish oil imported from the US. Simultaneously, China unveiled a wide-ranging recall system for its own exports that requires manufacturers to stop...

Feared Extinct, Dolphin Resurfaces
Feared Extinct, Dolphin Resurfaces
Aug 29, 2007 3:11 PM CDT

Feared Extinct, Dolphin Resurfaces

Rare mammal reportedly appears in the Yangtze

(Newser) - A member of a dolphin species so rare that it was reported possibly extinct may have been spotted in the Yangtze River. The baiji, or white flag dolphin, was declared extinct last December, but earlier this month a man shot a video showing what appears to be a baiji frolicking...

Mattel Gets Tough on Chinese Suppliers

Second recall was a serious wake-up call

(Newser) - The first batch of lead-tainted toys it had to recall, Mattel wrote off as an isolated incident—"a single vendor who made a big mistake.” But when it came to recalling 1.5 million unsafe Barbie dolls, Sarge jeeps and other toys made in China, the company knew...

China Unleashes Web Cops
China Unleashes Web Cops
Aug 28, 2007 3:43 PM CDT

China Unleashes Web Cops

Cute caricatures will pop up, steer users clear of risqué content

(Newser) - Beijing police have an answer for Internet users who might be tempted to gamble or watch the Paris Hilton sex video: an animated officer who moves across your screen in a virtual car, motorcycle or on foot while admonishing you to steer clear of illegal content. The cartoon alerts will...

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