CHINA

Internet users swell past 1 bln

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The global number of Internet users has swelled to over one billion uses according to new research, with China accounting for the largest population of Web surfers

China milk crisis; two people condemned to death

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A Chinese court sentenced two men to death and a dairy boss to life in prison Thursday for their roles in producing and selling infant formula tainted with melamine, a deadly industrial chemical added to watered-down milk in order to fool inspectors and increase profits.
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Ford builds Fiesta for Chinese market

Ford Motor Company began the production of the Fiesta car in China, a fuel-efficient and low-cost model which the firm aims to introduce to the world through 2010.
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China: World's 3rd richest economy for 2007

On Wednesday, a new data record showed that China's economy grew to become the world's third-largest in 2007 reflecting the countries amazing ability to overcome yet another milestone in the country's stunning rise in the global pecking order.
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Trade gap in November drops on import slump

The nation's trade deficit contracted 28.7 percent in November, the most in 12 years, on a record drop in imports due to weak consumer demand and plummeting oil prices, the US Commerce Department reported Tuesday.
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Market shocked by Satyam fraud admission

Mumbai - The market reacted with shock, Wednesday, after the promoters of beleaguered technology outsourcer Satyam Computer Services admitted to cooking up its books to the tune of $ 1 billion.
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Factories slash output, jobs around world

Factories in China and India joined much of Europe in slashing output and jobs at a record pace in December, another sign the biggest emerging markets were wilting under the recession gripping industrialized nations.
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Bush says he will lift sanctions against N. Korea

President Bush said Thursday he will lift key trade sanctions against North Korea and remove it from the U.S. terrorism blacklist, a remarkable turnaround in policy toward the communist regime he once branded as part of an axis of evil.
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US and China Set to Commence Investment Talks

The U.S. and China agreed to begin negotiations for an investment treaty that would guarantee access for the nations' companies to buy assets in the other country, representatives said at the close of a week-long meeting in Annapolis.
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China's GOME 1Q net profit surges triples

GOME Electrical Appliances Holding Ltd, China's largest electronics retailer by revenue, posted net profit in first quarter nearly three times higher than the year earlier thanks to stronger margins and sales in new stores.

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