CHINA

Nagasaki Bomb

A New Yorker's Opinion: The New Cold War

Of course, when a leader is pressed by domestic trouble, his thoughts turn immediately, as they do for all leaders, to distracting the population with a foreign enemy. And today, that would be us.

China’s Abandoned ‘Wonderland’

China's Wonderland
Along the road to one of China's most famous tourist landmarks - the Great Wall of China - lies the crumbling remains of what was to be the largest amusement park in Asia, Wonderland.
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Top 10 Economic Predictions for 2012 from IHS

Economic growth across the world will slow in 2012 due to the problematic combination of private-sector deleveraging, public-sector austerity and the lack of confidence in political leaders' ability to navigate these situations according to IHS, a leading macro-economic consultancy.
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European Debt Woes Prompt Year-End Flight from Risk in Asia

Asian shares fell into bear market territory for the year and commodities and the euro nursed stinging losses Thursday, after fears that Europe's debt crisis is still worsening prompted investors to dump riskier assets and huddle in the safety of the dollar and Treasuries.
Villagers raise their hands as they gather for a meeting in Wukan village of Lufeng

Chinese Village Locked in Police Stand-Off After Protests

Anger with the selling of their land to real estate developers without their consent, compounded by the death of one of their appointed mediators, thousands of Chinese villagers in the southern China village of Wukan found themselves in a locked stand-off with authorities Wednesday.
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Foreign firms fret about new China social tax -AmCham

Foreign companies in China are concerned that a new social security tax on expatriate workers will raise business and living costs and leave payers unable to claim benefits, a survey by the American Chamber of Commerce showed on Wednesday.
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Denmark's Novozymes eyes more China biochemical deals

Denmark's Novozymes A/S , the world's leading industrial enzyme producer, is now in talks over a series of projects that will boost its presence in China's growing biochemical sector, a company executive said on Wednesday.
South Korea's China embassy window shot amid tension

South Korea's China embassy window shot amid tension

South Korea said on Wednesday it had asked China for security guarantees at its Beijing embassy after the building was hit by a small projectile as tensions run high after the killing of a South Korean coastguard by a Chinese fisherman.
Limelight on Political Changes, Risks in Major Asian Economies in 2012

China dangles more incentives ahead of Taiwan election

China on Wednesday dangled the prospect of more trade and economic incentives for Taiwan ahead of elections there next month, but warned the pro-independence opposition closer ties would be at risk if it did not change its stance.
Industry

Economic Gloom Deepens as Rupee Fuels Inflation

India's economic gloom deepened on Wednesday as figures showed a record low rupee is adding to Reserve Bank of India's (RBI) inflation headache and an adviser to the prime minister said there was little that could be done to check the currency's slump.
Laborer at work

Growth Disappointments Drag India Funds Down

Worries that India's evolution into an economic superpower may be overhyped and signs the government may lack the will to further dismantle a protectionist legacy drove India-themed funds to the bottom of performance league tables in November.
France's President Sarkozy sits next to German Chancellor Merkel and European Commission President Barroso at the EPP congress in Marseille

Global Military Balance Shifts as Economic Winter Hastens Europe’s Decline

A shift in the global military balance is one of the inalienable fallouts of the economic winter experienced by the Western world. While military spending in the U.S., the reigning super power, is increasingly coming under a scanner, the extended defense holiday in Europe signals that the continent’s global influence is on irreversible decline.
Fish

Inflation Stubbornly High; RBI May Hold Rates Steady

India's wholesale prices rose more than expected in November, leaving inflation stubbornly high and suggesting the RBI would hold rates steady at its review on Friday even as worries grow over the health of the economy.
Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing

China Makes Growth Guarantee Despite Grim Global Economy

China pledged to guarantee growth in the face of an extremely grim outlook for the global economy in 2012, as its annual policy-setting conference closed on Wednesday with a series of commitments to deliver economic stability.
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China considers Seychelles port offer, denies base plan

China will consider turning to the Seychelles as a resupply port for navy ships taking part in anti-piracy operations off Africa, official media said, rejecting suggestions this would amount to a military base that could unsettle the region.
Rescuers inspect a school bus after it collided with a truck at a traffic accident site in Yulinzi township of Zhengning county

15 Chinese Children Killed in School Bus Crash

The latest in a string of deadly crashes involving children, a school bus taking primary students home slipped off a country road into an irrigation ditch in eastern China, killing 15 children and wounding eight others, officials said.

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