CHINA

Credit cards are pictured in a wallet in Washington

US Wins WTO Case Over China Bank Card Monopoly

A World Trade Organization panel ruled Monday that China had discriminated against U.S. bank card suppliers in favor of a state-owned enterprise, a decision U.S. card issuers hope could level the playing field and open up new opportunities to China's $1 trillion electronic payments market.
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China Hits Back On US Olympics Uniform, Ralph Lauren Row

China weighed in on Monday with a heavy dose of sarcasm regarding the recent controversy over U.S. Olympics team blazers, suggesting that perhaps members of congress should be banned from wearing anything or using any product that has been manufactured abroad.
Chinese Hacking

China Has 'Back Door' Access to 80% of World Communications, Claims Expert

Using equipment supplied by Chinese electronics giants Huawei Technologies and ZTE corporation, the People's Liberation Army and the government have back door access to a vast majority of the world's electronic information, including sensitive military and intelligence data, Michael Maloof claims.
Asian Stocks

Asian Stock Markets Gain On China Stimulus Hopes

Asian stock markets mostly advanced Monday on speculation of further stimulus measures from China after Premier Wen Jiabao warned Sunday that the recovery in the world’s second largest economy was not stable.
Protests In Saudi Arabia

Saudi Arabia Lashes Out At Russia Over Human Rights Comments

Saudi Arabia Saturday slammed the comments by Russia's human rights envoy, who had expressed great concern about the situation in the Gulf Kingdom, and condemned an unjustified interference in the Kingdom's internal affairs, state media Saudi Press Agency reported.
2012 Magic Art Special Exhibition in Hangzhou

‘Magic Art’ Thrills Museumgoers In Hangzhou, China [PHOTOS]

In a typical art exhibition, you’re expected to keep your hands behind your back, maintain a respectful distance from the artwork and, above all else, refrain from touching anything. But the Magic Art Exhibition in Hangzhou, China, is not your run-of-the-mill show.
China

China's Economic Growth Slowest in 3 Years

China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.

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