China is set to double its defence budget to more than $238 billion a year by 2015, claimed a report by the Financial Times on Monday, as Beijing attempts to close its military gap with the US amidst growing tensions in Asia.
Being a civil servant is the most desirable profession for males among single women in China, claimed a survey done by Chinese dating website zhenai.com on Monday, with the job of high school teacher being the most popular in the reverse scenario.
The Chinese government has orders its banks to extend the maturity dates for loans made by provincial and city authorities, said the Financial Times on Sunday, after local governments were saddled with more than $1.7 trillion in debt from new projects during the global financial crisis.
Local government authorities from the Guangdong province in China are stepping up food-safety inspections for the region, after a batch of suspect fake chicken eggs were discovered by a local supermarket shopper in its capital city of Guangzhou.
According to the China Daily, almost 3,000 eggs had to be removed from the supermarket, located within the Panyu district of Guangzhou, on Monday after a shopper complained that the ones he had bought were fake.
Prosecutors from the US Justice Department indicted a Chinese state-owned company, along with several other conspirators, on Wednesday, for an espionage scheme aimed at stealing industrial secrets from chemical giant DuPont.
The International Monetary Fund warned yesterday that China’s economic growth could halve this year, should the European debt crisis escalate any further. Is China really heading for a sharp landing?
China’s stellar economic performance could soon come to an abrupt halt this year should the eurozone fall out.
The pace of China’s Internet revolution has been breathtaking. Since 2006, the number of Internet users in China has more than tripled to 485 million, while the cost of connectivity is also expected to fall sharply as China’s Internet penetration rate continues to grow. But while it is always easy to get carried away with the numbers, the real change in China concerns the implications of connectivity, and not just its scale.
China is preparing itself, and its rail system, for the largest annual human migration, as people return to their families and hometowns in celebration of the Spring Festival. The 7-day “Golden Week” holidays is expected to make almost 5.9 million trips per day across China.
The Spring Festival, or the Chinese Lunar New Year, is the time when millions of Chinese travel via planes, buses and trains back to their hometowns for one of the biggest Chinese holidays of the year.
China’s State Council Information Centre is planning to broadcast a 24-hour television channel in New York starting sometime in the first quarter of this year, in order to wield greater cultural influence overseas as well as to curb the spread of foreign influence on Chinese society.
China will spend more than 1.8 billion yuan ($280 million) next year in order to build the world’s highest airport in Tibet’s Nagqu County, reported the Xinhua News Agency on Tuesday.
The newly built Nagqu airport will have an altitude of 4,436 metres above sea level, making it 102 metres higher than the current record holder – the Bamda airport in Tibet’s Qamdo prefecture.
