CHINA

OPEC Sees World Oil Demand Declining 11% Next Year

A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, June 23, 2008.
Economic slowdown in the U.S., China and emerging markets, a rise in political tensions in the Middle East and Europe's debt crisis means oil consumption will not be rebounding anytime soon, according to the world's largest oil cartel.
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Sheshan Catholic Seminary

Chinese Bishop Who Defied Government Is Detained

A recently ordained Chinese bishop has been detained after he resigned from his post at the government-run Catholic Patriotic Association, which oversees the state-sanctioned Catholic church in China.
Buildings seen in China

China Doesn?t Want To Be Hollywood East: Analyst

This year, nine out of 10 of the top-grossing movies in China came from overseas. Most of those, including Men in Black 3, Battleship and The Avengers, are Hollywood blockbusters, which are apparently ruling the Chinese box office at the expense of Chinese films.
Apple Sets New iPad '3' Release Date in China For July 20

Apple Sets New iPad '3' Release Date in China For July 20

Now that its legal dispute with Proview Technology over the iPad trademark is done and settled, Apple is free to sell the world's most popular tablet in the world's biggest market: China. And that's exactly what the company plans to do. Apple's new iPad, or the iPad 3, will finally be released to Apple Stores in China on Friday, July 20.
Logo of ASEAN

ASEAN Hammers Out Code Of Conduct In South China Sea, Seeks China's Nod

Seeking to resolve the territorial tensions in the South China Sea, the Association of South East Asian Nations (ASEAN) Monday hammered out the key elements of a code of conduct in the region which has been at the heart of recent maritime confrontations between China and the other nations in the Pacific.
An employee counts yuan banknotes at a bank in Huaibei

China June Trade Surplus Widens On Weak Imports

China's trade surplus widened to $31.73 billion in June, up 42.9 percent compared to the same month in last year amid slower-than-expected growth in imports, raising concern that the world's second largest economy isn't doing enough to stimulate domestic demand and avert a slowdown.
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Asian Shares Nudge Up As Investors Await China Data

Asian shares crawled higher on Tuesday after sharp losses the day before but gains were limited as investors, worried about a global economic deceleration, waited for Chinese trade data due later in the day that could set the tone for risk appetite.

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