24/7 News Coverage
March 15, 2011
TAIWAN NEWS
Taiwan ruling party to pay Chinese spies: report
Taipei (AFP) March 12, 2011
A Taiwan court has ordered the island's ruling party to pay $2.8 million compensation to 17 Chinese nationals arrested in China while spying for the party over 20 years ago, a report said Saturday. The agents, based in Beijing and Shanghai, were recruited by the Kuomintang (KMT) party to spy on China in the 1980s and were arrested after the 1989 Tiananmen crackdown, said the Taipei-based China Times. They were later sentenced to prison terms ranging from three to 18 years, the paper said. A ... read more

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SINO DAILY

Dalai Lama pleads for right to 'retire'
The Dalai Lama pleaded with exiled Tibetan MPs Monday to accept his resignation as their political leader, warning that a delayed handover could pose "an overwhelming challenge". ... more
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ABOUT US

Abortions give rise to Asia's 'lost boy' generation
Abortions of female fetuses have led to a massive surplus of young unmarried men in India and China, raising fears of an outcast group that could threaten the social fabric, a study said Monday. ... more
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WATER WORLD

Sinohydro inks $2 bn deal to build Iran dam: report
Chinese company Sinohydro has signed a $2 billion deal to build a hydroelectric dam in Iran's southwest, state media reported on Monday. ... more
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24/7 Energy News Coverage
Amazon takes on iPad with new Kindle Fire tablet

Hong Kong to restrict foreign homebuyers from 2013

US judge OKs partial settlement in e-book case

Nordic-Baltic states seek more cooperation

Outside View: Jobs outlook grim

Empire-style computers? Frenchman takes PCs to lap of luxury

Google-Microsoft field smartphones to take on iPhone 5

EU businesses urge China's new leaders to speed reforms

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DEMOCRACY

China PM urges 'gradual' political reform
Premier Wen Jiabao said Monday China must seek political reform but neither gave proposals nor a timetable for expanding its limited village-level elections, saying it would be a "gradual progress." ... more
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SINO DAILY

Tibet exile MPs to debate Dalai Lama 'retirement'
Tibet's exiled parliament opened an historic session Monday with the reading of a formal request by the Dalai Lama to be relieved of his title as political leader of the Tibetan movement. ... more
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DEMOCRACY

'No analogy' between China and Mideast unrest: Wen
China's Premier Wen Jiabao rejected any comparison Monday between his country and the unrest-hit Middle East, but said Beijing faced a tough test dealing with inflation and other hot-button issues. ... more
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FAST TRACK

China lands $7 billion Chad railway contract
Chad signed on Monday a $7-billion (five-billion-euro) contract with China Civil Engineering Construction Corporation (CCECC) to build a railway in the oil-producing nation. ... more
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Military Space News, Nuclear Weapons, Missile Defense
Canada willing to join US 'Iron Dome' missile shield: minister
Israeli officers warned against criticising Trump's Gaza plan; Israel hits Hamas weapons facility in Syria
Trump will cry wolf once too often
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ENERGY TECH

Kadhafi offers Libyan oil production to India, Russia, China
Libya's leader Moamer Kadhafi invited Chinese, Russian and Indian firms to produce its oil, state news agency Jana reported Monday, in a bid to replace Western companies that fled unrest. ... more
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TRADE WARS

China tops US in manufacturing: study
China topped the United States as the world's largest manufacturer for the first time last year, according to a study Monday by economic research firm IHS Global Insight. ... more
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CAR TECH

Buffett-backed China carmaker BYD sees profit slip
Chinese carmaker BYD, backed by US billionaire Warren Buffett, said net profit fell 33.5 percent year on year in 2010 due to intense competition and rising distribution costs. ... more
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TRADE WARS

US Senators urge action against China on rare earth
Two US Senators urged the White House late Monday to block Chinese mining projects in the United States and elsewhere until Beijing loosens its grip on the trade in so-called rare earths minerals. ... more
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CIVIL NUCLEAR

Asia's nuclear drive on despite Japanese crisis
Asian governments that are ramping up nuclear power face huge pressure to curb their programmes in the wake of Japan's atomic crisis, but dozens of reactors will still be built in the near future. ... more
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FARM NEWS

Chinese farmers go online to sell produce
For years, Wang Yulan and her husband drove their three-wheeled vehicle to an outdoor market near Beijing to sell broccoli, peppers, eggplants and tomatoes grown on their small plot of land. ... more
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POLITICAL ECONOMY

China February lending falls to 535.6 billion yuan
China said Monday new bank lending fell to 535.6 billion ($81.5 billion) in February, which economists said showed that government monetary tightening measures were bringing lending back to normal. ... more
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DEMOCRACY

Dalai Lama retirement a 'political show'
The Dalai Lama's decision to step down from his political role in favor of an elected leader-in-exile is a "trick," top Chinese politicians said. ... more
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Fukushima nuclear plant operator to dismantle water tanks next week
New Zealand says 'blindsided' by Cook Islands' China overture
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AEROSPACE

Private jet makers eye China's billionaires
The "Phoenix Cabin" has all the usual amenities that a billionaire might want in a private jet: plush leather chairs, soft carpet, and a flat-screen TV to watch while criss-crossing the globe. ... more
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THE PITS

China, US agree to cooperate on mine safety
China, which saw more than 2,400 deaths in colliery accidents last year, on Friday agreed to swap health and safety experiences with the United States in a bid to improve conditions for miners. ... more
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SOLAR DAILY

SunSi Completes Acquisition Of Chinese TCS Facility
SunSi Energies has announced that it had completed the acquisition of a 60% equity interest in He Xie Silicon Co. ("Wendeng"), a trichlorosilane ("TCS") facility located in Weihai City, China. ... more
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POLITICAL ECONOMY

China's inflation hits 4.9% in Feb
China said Friday that inflation remained stubbornly high at 4.9 percent in February, but authorities fearful of social unrest insisted they can deliver on a pledge to keep prices in check this year. ... more
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SINO DAILY

Tibetans confronted by life after Dalai Lama
The Dalai Lama's decision to retire as political head of the Tibetan government-in-exile has forced his followers to confront the uncomfortable prospect of life after the global figurehead. ... more
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SHAKE AND BLOW

25 dead, 250 injured in China quake
At least 25 people were killed and 250 injured in an earthquake that struck a remote area of southwest China near the border with Myanmar on Thursday, state media reported. ... more
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SOLAR DAILY

JA Solar Announces Investment Agreement With City Of Hefei
JA Solar Holdings has announced that it has signed a strategic investment agreement with the city of Hefei, in China's Anhui province, to set up a new state-of-the-art photovoltaic ("PV") production ... more
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WAR REPORT

Senator urges US spy chief be fired
A US senator called Thursday for US spy chief James Clapper to be fired for calling Russia and China "mortal" threats to the United States and saying Libya's Moamer Kadhafi would defeat a rebellion. ... more
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TECH SPACE

Australian firm to open Malaysian rare earths plant
An Australian mining company said Thursday it plans to finish building a huge rare earths processing plant in Malaysia late this year, in a possible challenge to China's stranglehold on the metals. ... more
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TAIWAN NEWS

Taiwan to cut troop numbers
Taiwan plans to reduce its troop levels by 9,200 this year as part of a five-year plan to cut back by 60,000 personnel, a 20 percent reduction. ... more
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FROTH AND BUBBLE

China cleaning up 'jeans capital'
China's southern industrial town Xintang, known as the "jeans capital of the world," is making progress in tackling pollution, state-run news agency Xinhua reports. ... more
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SINO DAILY

Dalai Lama 'retirement' puts spotlight on Tibetan elections
The Dalai Lama's announcement Thursday that he plans to step down as Tibet's political leader adds a fresh twist to the upcoming election of his exiled government's prime minister. ... more
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SINO DAILY

Dalai Lama: celebrated, but frustrated
The Dalai Lama is now 75, but any sign he might be stepping back from his hectic life as the public face of Tibet's struggle for freedom is greeted with dismay by supporters worldwide. ... more
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CAR TECH

BMW fetes record 2010 results, stronger Chinese ties
Record results by luxury automaker BMW highlighted the power of the German export machine Thursday as China emerged as a bigger market for German industry than the United States. ... more
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TECH SPACE

Australian firm to open Malaysian rare earths plant
An Australian mining company said Thursday it plans to finish building a huge rare earths processing plant in Malaysia late this year, in a possible challenge to China's stranglehold on the metals. ... more
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ENERGY NEWS

Clean energy firms eye Hong Kong IPOs: report
Two Chinese clean energy firms are planning share sales in Hong Kong to raise a total of $1.1 billion as the country ramps up its use of renewable energy, a report said Thursday. ... more
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