G8 Sees Downside Economy Risks, Prods China on Yuan

July 8th, 2008

“…The Group of Eight industrial nations expressed strong concern on Tuesday about sky-high food and oil prices, which they said posed risks for a global economy under serious financial strain…”

By Yoko Nishikawa and Alan Wheatley
Source: Reuters »»» Read the whole entry »»»

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Bush, Fukuda Say Olympics No Place for Politics

July 7th, 2008

“…US President George W. Bush and Japan’s Prime Minister Yasuo Fukuda, insisting politics and the Olympics don’t mix, said Sunday they would attend the Beijing Games opening gala next month…”

Source: AFP »»» Read the whole entry »»»

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Posted in Politics | 1 Comment

High-end China Tourists Charm Taiwan on First Weekend

July 7th, 2008

“…A historic first wave of 762 select tourists from China charmed Taiwan over the weekend by spending money and behaving well, easing fears stoked by decades of animosity…”

By Ralph Jennings
Source: Reuters »»» Read the whole entry »»»

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Wildcard Jie Zheng Makes History for China

July 3rd, 2008

“…Two pieces of Wimbledon history were made on Court No 1 at 4.58pm, when Jie Zheng, the wildcard entrant who has been the revelation of these Championships, defeated Nicole Vaidisova of the Czech Republic to become the first Chinese player to reach a Grand Slam semi-final, and the first wildcard player to reach the semi-finals of the women’s singles…”

By Andrew Baker
Source: Telegraph  »»» Read the whole entry »»»

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China Faces Tough Task to Make Capital Curbs Bite

July 3rd, 2008

“…Beijing’s latest drive to stamp out unauthorised capital inflows is likely to be no match for resourceful speculators determined to bring money into China to catch the wave of a rising yuan, bankers and officials say…”

By Alan Wheatley and Eadie Chen
Source: Reuters »»» Read the whole entry »»»

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Posted in Economy | No Comments