China's top Internet security official says he has "mountains of data" pointing to extensive US hacking aimed at China, but it would be irresponsible to blame Washington for such attacks, and called for greater cooperation to fight hacking.
Reported by Firstpost 5 hours ago.
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China has enough data to prove US hacked into our systems: official
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Gold Premium Surges In China – Wise ‘Aunties’ And Wealthy Buying
http://1goldinvestment.com/gold-premium-surges-in-china-wise-aunties-and-wealthy-buying/ Gold Premium Surges In China – Wise ‘Aunties’ And Wealthy Buying Gold inched down today after yesterday’s 2% gain. Gold was higher in Australian dollars after the Aussie...
read more Reported by NowPublic 5 hours ago.
read more Reported by NowPublic 5 hours ago.
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Obama to Push China's Xi on Cyberattacks
White House officials say U.S. President Barack Obama will take a tough stance on China-based cyberattacks when he hosts his Chinese counterpart at an informal summit later this week. Speaking anonymously Tuesday, the officials said Mr. Obama will tell President Xi Jinping that Washington holds the Chinese government responsible for any hacking attempts that originate inside China. The official told reporters Mr. Obama will urge China to take action to stop the large-scale theft of U.S. ...
Reported by VOA News 4 hours ago.
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Gym, Health and Fitness Clubs in China Industry Research Report – Now Available from IBISWorld
The Gym, Health and Fitness Clubs industry in China has been developing rapidly in recent years, largely due to increasing disposable incomes and health awareness among Chinese consumers, says IBISWorld. The industry is set to generate $4.1 billion in 2013, with annualized growth of 17.8% from 2008 to 2013.
San Francisco, CA (PRWEB) June 05, 2013
The Gym, Health and Fitness Clubs industry in China has been developing rapidly in recent years, largely due to increasing disposable incomes and health awareness among Chinese consumers, says IBISWorld. The industry is set to generate $4.1 billion in 2013, with annualized growth of 17.8% from 2008 to 2013.
Commercial fitness clubs began to appear in China in the early 1980s. Since then, the national economy has shown soaring development and living standards have greatly improved, which has helped to drive industry growth. Also, the number of knowledge workers in China has been growing, and as the requirement for physical activity at work fell, more modern and occupational diseases began to affect the health of professionals. Therefore, there has been increasing interest in pursuing physical exercise among China's professional class, says IBISWorld. Last, the introduction of well-established operating models for fitness centers and advanced fitness equipment from foreign enterprises has been promoting the development of the industry and attracting more domestic consumers.
The combined market share of the top four players in the Gym, Health and Fitness Clubs industry in China – Haosa Group, Wellness Group, Impulse Total Fitness, and Powerhouse Gym – is estimated at about 15.7% in 2013, according to IBISWorld. There are a large number of regional fitness clubs in the industry. Many clubs only establish chain establishments in a specific city so as to maximize their influence. These fragmented clubs provide similar fitness services and make a relatively small contribution to industry revenue. The low industry concentration level is also attributed to the industry being in the growth phase of its life cycle.
The market share concentration level varies in different regions in the nation. Developed cities and provinces, such as Beijing, Shanghai and Guangdong, contribute larger shares to industry revenue than other areas. In the future, large brands will set up more chain clubs in other areas. Meanwhile, more new players will enter the industry, says IBISWorld.
For more information, visit IBISWorld’s Gym, Health and Fitness Clubs in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
The Gym, Health and Fitness Clubs industry in China includes enterprises providing fitness and bodybuilding equipment, space and services. Public sports centers and school stadiums are not included in this industry.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772. Reported by PRWeb 3 hours ago.
San Francisco, CA (PRWEB) June 05, 2013
The Gym, Health and Fitness Clubs industry in China has been developing rapidly in recent years, largely due to increasing disposable incomes and health awareness among Chinese consumers, says IBISWorld. The industry is set to generate $4.1 billion in 2013, with annualized growth of 17.8% from 2008 to 2013.
Commercial fitness clubs began to appear in China in the early 1980s. Since then, the national economy has shown soaring development and living standards have greatly improved, which has helped to drive industry growth. Also, the number of knowledge workers in China has been growing, and as the requirement for physical activity at work fell, more modern and occupational diseases began to affect the health of professionals. Therefore, there has been increasing interest in pursuing physical exercise among China's professional class, says IBISWorld. Last, the introduction of well-established operating models for fitness centers and advanced fitness equipment from foreign enterprises has been promoting the development of the industry and attracting more domestic consumers.
The combined market share of the top four players in the Gym, Health and Fitness Clubs industry in China – Haosa Group, Wellness Group, Impulse Total Fitness, and Powerhouse Gym – is estimated at about 15.7% in 2013, according to IBISWorld. There are a large number of regional fitness clubs in the industry. Many clubs only establish chain establishments in a specific city so as to maximize their influence. These fragmented clubs provide similar fitness services and make a relatively small contribution to industry revenue. The low industry concentration level is also attributed to the industry being in the growth phase of its life cycle.
The market share concentration level varies in different regions in the nation. Developed cities and provinces, such as Beijing, Shanghai and Guangdong, contribute larger shares to industry revenue than other areas. In the future, large brands will set up more chain clubs in other areas. Meanwhile, more new players will enter the industry, says IBISWorld.
For more information, visit IBISWorld’s Gym, Health and Fitness Clubs in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
The Gym, Health and Fitness Clubs industry in China includes enterprises providing fitness and bodybuilding equipment, space and services. Public sports centers and school stadiums are not included in this industry.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772. Reported by PRWeb 3 hours ago.
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This week Barack Obama must avoid the start of a cold war with China | Martin Jacques
In his first meeting with the new president, Xi Jinping, it is vital that the two powers rebuild their relationship
On Friday the new Chinese president, Xi Jinping, and the United States president, Barack Obama, will meet for two days of talks at Sunnylands, a private estate near Los Angeles. It will be their first meeting since Xi assumed the presidency. The future fortunes of the world are bound up with the two countries finding a new kind of modus vivendi. It will not be easy.
We are living through an extraordinary shift of power from the United States, which has been long dominant, to China, which many now accept will be the dominant power of the future. As has frequently been observed, such shifts are generally the cause of great instability and have often led to conflict.
There have certainly been worrying signs of a deterioration in their relationship. Most important, in this context, has been the so-called US pivot towards east Asia that began in 2010. So far it has been overwhelmingly military in character – involving the deployment of new weapons systems, the strengthening of America's military alliances with Japan, South Korea and the Philippines, and the stationing of marines in northern Australia. This has had the effect of emboldening the Philippines and Vietnam over their claims to various islands in the South China Sea that are contested by China.
The non-military component of the Asian pivot, or "rebalancing" as the Americans now call it, has been the initiative for a new trade bloc – the Trans Pacific Partnership – whose terms are manifestly an attempt to exclude China. With good reason, the Chinese have seen the pivot as an attempt to contain China in its own backyard.
East Asia touches on a crucial question for the future of Sino-American relations. The US has for long been the dominant superpower. Its relations with all other countries, be they friend or foe, have been profoundly unequal. But China's rise increasingly requires the United States to treat it as an equal.
The pivot shows how hard it is for the United States to accept this even in China's own region, where the latter is already the dominant economic player. As has been the case with imperial powers down the ages, the United States will find it extraordinarily difficult to accept a more modest role. But if it refuses to do so, the relationship between the countries will inevitably become increasingly tense.
The history of their bilateral relationship offers, up to a point, significant encouragement. In one of the most dramatic and far-sighted diplomatic initiatives of the past century, the 1972 Nixon-Kissinger rapprochement with China transformed relations. And ever since, notwithstanding the many twists and turns, the relationship between the United States and China has remained remarkably stable. Now, though, there is a new challenge: the relationship must become increasingly equal.
Alas, the response of the Obama administration has not been encouraging. It seems determined to maintain the relationship on its present basis, as if nothing has changed and America remains pre-eminent. This is the recipe for a new cold war. Rather than an attempt to cling to the past, what is required is a major strategic initiative by the two countries that seeks to put their relationship on a new kind of footing. With Obama beginning his second term and Xi commencing what should be a 10-year period in office, this is the opportune moment for them to think big and bold.
The point of departure is their enormously important economic relationship, which has been growing extremely rapidly. In 2000 trade between the two powers was worth $116bn; by 2012 it had reached $536bn. Their economic relationship has the potential to grow hugely in the future and broaden into new fields. China, for example, could provide large amounts of capital that America needs in order to renew its infrastructure. America in turn could lift some of its restrictions on selling hi-tech equipment to China, treating the latter not as a security threat – the rationale for the ban – but as a partner.
The danger is that these possibilities are squandered as relations between the two become mired in growing tensions over cyber attacks, the Korean peninsula, access to the Chinese market, conflicts in the South and East China Seas, human rights, and much else besides. Apart from courage and vision on the part of the two leaders, two other things are required.
First, the Chinese leadership needs to continue to display the same kind of patience and humility that it has demonstrated over the past 30 years. If China became increasingly insistent and inflexible in its demands, reflecting a growing hubris about its own power, the possibilities of the two countries enjoying a relationship of close co-operation would be scuppered.
Second, the United States must adjust to the idea that China is rapidly becoming its equal. It must come to recognise over time that its best interests lie not in resisting or countering China's rise, but in accepting it as a fact and accommodating itself to it. The era when the United States was the dominant global power is steadily coming to an end, and it must find a way of acknowledging this and framing its ambitions and interests accordingly.
Instead of claiming the right to continuing primacy in east Asia, for example, it should seek to share that primacy with China. At present, the United States is a long way from thinking like this: it is even largely in denial that China is about to become the largest economy in the world.
It remains to be seen whether the more optimistic scenario for Sino-American relations can be realised. Much rests on the shoulders of the two leaders: Obama on this score has so far been disappointing; the early signs are that Xi is a highly confident leader who thinks big. The outcome remains, at best, very much in the balance. Reported by guardian.co.uk 3 hours ago.
On Friday the new Chinese president, Xi Jinping, and the United States president, Barack Obama, will meet for two days of talks at Sunnylands, a private estate near Los Angeles. It will be their first meeting since Xi assumed the presidency. The future fortunes of the world are bound up with the two countries finding a new kind of modus vivendi. It will not be easy.
We are living through an extraordinary shift of power from the United States, which has been long dominant, to China, which many now accept will be the dominant power of the future. As has frequently been observed, such shifts are generally the cause of great instability and have often led to conflict.
There have certainly been worrying signs of a deterioration in their relationship. Most important, in this context, has been the so-called US pivot towards east Asia that began in 2010. So far it has been overwhelmingly military in character – involving the deployment of new weapons systems, the strengthening of America's military alliances with Japan, South Korea and the Philippines, and the stationing of marines in northern Australia. This has had the effect of emboldening the Philippines and Vietnam over their claims to various islands in the South China Sea that are contested by China.
The non-military component of the Asian pivot, or "rebalancing" as the Americans now call it, has been the initiative for a new trade bloc – the Trans Pacific Partnership – whose terms are manifestly an attempt to exclude China. With good reason, the Chinese have seen the pivot as an attempt to contain China in its own backyard.
East Asia touches on a crucial question for the future of Sino-American relations. The US has for long been the dominant superpower. Its relations with all other countries, be they friend or foe, have been profoundly unequal. But China's rise increasingly requires the United States to treat it as an equal.
The pivot shows how hard it is for the United States to accept this even in China's own region, where the latter is already the dominant economic player. As has been the case with imperial powers down the ages, the United States will find it extraordinarily difficult to accept a more modest role. But if it refuses to do so, the relationship between the countries will inevitably become increasingly tense.
The history of their bilateral relationship offers, up to a point, significant encouragement. In one of the most dramatic and far-sighted diplomatic initiatives of the past century, the 1972 Nixon-Kissinger rapprochement with China transformed relations. And ever since, notwithstanding the many twists and turns, the relationship between the United States and China has remained remarkably stable. Now, though, there is a new challenge: the relationship must become increasingly equal.
Alas, the response of the Obama administration has not been encouraging. It seems determined to maintain the relationship on its present basis, as if nothing has changed and America remains pre-eminent. This is the recipe for a new cold war. Rather than an attempt to cling to the past, what is required is a major strategic initiative by the two countries that seeks to put their relationship on a new kind of footing. With Obama beginning his second term and Xi commencing what should be a 10-year period in office, this is the opportune moment for them to think big and bold.
The point of departure is their enormously important economic relationship, which has been growing extremely rapidly. In 2000 trade between the two powers was worth $116bn; by 2012 it had reached $536bn. Their economic relationship has the potential to grow hugely in the future and broaden into new fields. China, for example, could provide large amounts of capital that America needs in order to renew its infrastructure. America in turn could lift some of its restrictions on selling hi-tech equipment to China, treating the latter not as a security threat – the rationale for the ban – but as a partner.
The danger is that these possibilities are squandered as relations between the two become mired in growing tensions over cyber attacks, the Korean peninsula, access to the Chinese market, conflicts in the South and East China Seas, human rights, and much else besides. Apart from courage and vision on the part of the two leaders, two other things are required.
First, the Chinese leadership needs to continue to display the same kind of patience and humility that it has demonstrated over the past 30 years. If China became increasingly insistent and inflexible in its demands, reflecting a growing hubris about its own power, the possibilities of the two countries enjoying a relationship of close co-operation would be scuppered.
Second, the United States must adjust to the idea that China is rapidly becoming its equal. It must come to recognise over time that its best interests lie not in resisting or countering China's rise, but in accepting it as a fact and accommodating itself to it. The era when the United States was the dominant global power is steadily coming to an end, and it must find a way of acknowledging this and framing its ambitions and interests accordingly.
Instead of claiming the right to continuing primacy in east Asia, for example, it should seek to share that primacy with China. At present, the United States is a long way from thinking like this: it is even largely in denial that China is about to become the largest economy in the world.
It remains to be seen whether the more optimistic scenario for Sino-American relations can be realised. Much rests on the shoulders of the two leaders: Obama on this score has so far been disappointing; the early signs are that Xi is a highly confident leader who thinks big. The outcome remains, at best, very much in the balance. Reported by guardian.co.uk 3 hours ago.
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Fury in China Over Poultry Plant Inferno
The 119 workers killed in a poultry plant fire in China died because of greed and corruption, furious relatives say. The disaster—believed to be the worst factory fire in Chinese history—has sparked huge protests in northeast China, the South China Morning Post reports. Survivors say five of the...
Reported by Newser 3 hours ago.
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Official: China Has 'Mountains of Data' on US Cyberattacks
China's top Internet security official says he has "mountains of data" pointing to extensive U.S. hacking aimed at China, but it would be irresponsible to blame Washington for such attacks, and called for greater cooperation to fight hacking.
Reported by Newsmax 3 hours ago.
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Even after earlier fire, China poultry plant workers didn't query locked doors
DEHUI, China (Reuters) - Workers at a poultry slaughterhouse in northeastern China where 119 people died in a fire this week saw nothing odd in the plant's doors being locked, even after a previous fire at the 4-year-old facility.
Reported by Reuters India 2 hours ago.
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Chinese-American Released From China
LOS ANGELES—When he was finally able to leave China after being kept there for nearly five years over a dispute with a business rival, Chinese-American scientist Hu Zhicheng got out so fast that his wife didn’t have time to meet …The post Chinese-American Released From China appeared first on The Epoch Times. Reported by Epoch Times 16 minutes ago.
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China opens probe into EU wine imports
A day after the European Union announced levies against solar panels imported from China, China has announced a price dumping investigation into wine imported from the EU – adding a new layer to a trade spat.
Reported by Deutsche Welle 3 hours ago.
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Jilin fire: China poultry plant workers didn't query locked doors, even after previous fire
June 05, 2013 3:41 PM
DEHUI, China (REUTERS) - Workers at a poultry slaughterhouse in northeastern China where 119 people died in a fire this week saw nothing odd in the plant's doors being locked, even after a previous fire at the 4-year-old facility.
Reported by Straits Times 3 hours ago.
DEHUI, China (REUTERS) - Workers at a poultry slaughterhouse in northeastern China where 119 people died in a fire this week saw nothing odd in the plant's doors being locked, even after a previous fire at the 4-year-old facility.
Reported by Straits Times 3 hours ago.
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WindhorseTour Announces China Now Allows Short Stays in Beijing and Shanghai Without Visas
In an effort to facilitate tourism in China, now the foreigners from 45 countries can apply for a short stay in China. WindhorseTour can arrange hotels, cars and restaurants for these travelers.
(PRWEB) June 05, 2013
WindhorseTour, a top China travel agency is pleasant to announce that China is now making it accessible for transiting airline passengers from 45 countries to enjoy a 72-hour visa-free stay in both Beijing and Shanghai.
To apply for a 72-hour visa-free stay, travelers need to prepare their valid international travel documents and the flight tickets which will depart to the third country or area within 72 hours before they submit the application to the airlines of their flights. During the 3 days, they are not permitted to leave neither Beijing nor Shanghai to visit other Chinese cities.
WindhorseTour offers one to three days city tours in Beijing and Shanghai which can fit the needs of these travelers. They can arrange cars, hotels, and restaurants for those who enjoy the 72-hour stay in China.
The 45 countries include: US, Canada, Australia, UK, France, Germany, Russia, Japan, Singapore and more. Reported by PRWeb 3 hours ago.
(PRWEB) June 05, 2013
WindhorseTour, a top China travel agency is pleasant to announce that China is now making it accessible for transiting airline passengers from 45 countries to enjoy a 72-hour visa-free stay in both Beijing and Shanghai.
To apply for a 72-hour visa-free stay, travelers need to prepare their valid international travel documents and the flight tickets which will depart to the third country or area within 72 hours before they submit the application to the airlines of their flights. During the 3 days, they are not permitted to leave neither Beijing nor Shanghai to visit other Chinese cities.
WindhorseTour offers one to three days city tours in Beijing and Shanghai which can fit the needs of these travelers. They can arrange cars, hotels, and restaurants for those who enjoy the 72-hour stay in China.
The 45 countries include: US, Canada, Australia, UK, France, Germany, Russia, Japan, Singapore and more. Reported by PRWeb 3 hours ago.
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‘Japan, China agreed to shelve Senkaku islands row in 1970s`
Japan and China had agreed to shelve the territory row over Senkaku Islands in the East China Sea when the two countries normalized relations in the early 1970s, a former Japanese minister has said.
Reported by Zee News 3 hours ago.
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China launches inquiry into European wine exports as trade war fears grow
Beijing's move raises prospect of price rises for EU wine exports a day after Brussels imposed tariffs on Chinese solar panels
A Europe-China trade war took firmer shape on Wednesday when Beijing announced it has opened an anti-dumping inquiry into EU wine exports a day after Brussels imposed tariffs on Chinese solar panels.
Beijing's move came after weeks of intense lobbying against Karel De Gucht, the EU commissioner for trade, who resisted fierce German pressure not to impose the sanction and to give more time for negotiations.
De Gucht partly bowed to the pressure by phasing in the tariff, setting it at 11.8% on the solar panels for an initial two months – but insisted it would rise to 47.6% by August if there was no settlement of the dispute.
De Gucht's announcement was promptly followed by a move from Beijing, where the commerce ministry said it was opening the wine inquiry, raising the prospect of stiff price rises for French and Italian wine exports.
The French have been firm supporters of the EU move on solar panels, placing them at odds with Germany which is by far China's biggest trade partner in Europe and which has strongly contested Brussels' decision.
The Chinese strongly criticised the EU decision on solar panels, voicing "resolute opposition".
"We hope the EU will further show their sincerity and show flexibility, through consultations to find mutually acceptable solutions," a commerce ministry statement said.
China is by far the world's leading producer of solar panels, an ascendancy that European business lobbies argue is due to heavy state support in the form of subsidies and cheap loans.
De Gucht's decision to impose the lower tariff initially was seen as a concession to Germany and to the Chinese. There are certain to be battles behind the scenes across Europe as the August deadline for the full tariff approaches.
The Chinese warned there "would be no winners" in a trade war. The prime minister, Li Keqiang, phoned José Manuel Barroso, the European commission president, on Tuesday evening to complain, the official Chinese news agency reported.
He warned of retaliation. China exports more than €20bn (£17.1bn) worth of solar panels a year to the EU, 80% of the panels used in the bloc, according to De Gucht.
He argued that European business was being wrecked by "this dumping" and declared that the "ball is in China's court". Reported by guardian.co.uk 2 hours ago.
A Europe-China trade war took firmer shape on Wednesday when Beijing announced it has opened an anti-dumping inquiry into EU wine exports a day after Brussels imposed tariffs on Chinese solar panels.
Beijing's move came after weeks of intense lobbying against Karel De Gucht, the EU commissioner for trade, who resisted fierce German pressure not to impose the sanction and to give more time for negotiations.
De Gucht partly bowed to the pressure by phasing in the tariff, setting it at 11.8% on the solar panels for an initial two months – but insisted it would rise to 47.6% by August if there was no settlement of the dispute.
De Gucht's announcement was promptly followed by a move from Beijing, where the commerce ministry said it was opening the wine inquiry, raising the prospect of stiff price rises for French and Italian wine exports.
The French have been firm supporters of the EU move on solar panels, placing them at odds with Germany which is by far China's biggest trade partner in Europe and which has strongly contested Brussels' decision.
The Chinese strongly criticised the EU decision on solar panels, voicing "resolute opposition".
"We hope the EU will further show their sincerity and show flexibility, through consultations to find mutually acceptable solutions," a commerce ministry statement said.
China is by far the world's leading producer of solar panels, an ascendancy that European business lobbies argue is due to heavy state support in the form of subsidies and cheap loans.
De Gucht's decision to impose the lower tariff initially was seen as a concession to Germany and to the Chinese. There are certain to be battles behind the scenes across Europe as the August deadline for the full tariff approaches.
The Chinese warned there "would be no winners" in a trade war. The prime minister, Li Keqiang, phoned José Manuel Barroso, the European commission president, on Tuesday evening to complain, the official Chinese news agency reported.
He warned of retaliation. China exports more than €20bn (£17.1bn) worth of solar panels a year to the EU, 80% of the panels used in the bloc, according to De Gucht.
He argued that European business was being wrecked by "this dumping" and declared that the "ball is in China's court". Reported by guardian.co.uk 2 hours ago.
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Hemp, Inc. International Expansion Solidified by Contract with Yasheng Group to Cultivate and Process Hemp Crop in China
NEW YORK, June 5, 2013 /PRNewswire/ -- Hemp, Inc. (OTC: HEMP) is pleased to announce a contract has been signed with the Yasheng Group, one of China's largest agricultural producers, to cultivate and process 108 acres of industrial hemp in Gansu Province, China. (Logo:...
Reported by PR Newswire 2 hours ago.
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China approves S. Korean group's 35 per cent stake in Sinopec ethylene plant
June 05, 2013 4:49 PM
BEIJING (Reuters) - China's top economic planner has approved South Korea's SK Group taking a 35 per cent stake in a US$2.7 billion (S$3.4 billion) petrochemical complex that state refiner Sinopec Corp built in central China, a government statement said on Wednesday.
Reported by Straits Times 2 hours ago.
BEIJING (Reuters) - China's top economic planner has approved South Korea's SK Group taking a 35 per cent stake in a US$2.7 billion (S$3.4 billion) petrochemical complex that state refiner Sinopec Corp built in central China, a government statement said on Wednesday.
Reported by Straits Times 2 hours ago.
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Cyber experts say calling out China may be working
Cyber experts say calling out China may be working
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 2:08 am, Wednesday, June 5, 2013
"By going public the administration has made a lot of progress," said James Lewis, a cybersecurity expert at the Center for Strategic and International Studies who has met with Chinese leaders on cyber issues. Standing on the stage at the Shangri-La Dialogue security conference last weekend, Defense Secretary Chuck Hagel became the latest U.S. official to openly accuse the Chinese government of cyber espionage — as members of Beijing's delegation sat in the audience in front of him. According to Lewis and other defense officials familiar with the issue, China's willingness to engage in talks with the U.S. about the problem — even without admitting to some of the breaches — is a step in the right direction. Cybersecurity experts say China-based instances of cyber intrusions into U.S. agencies and programs — including defense contractors and military weapons systems — have been going on since the late 1990s. A recent Pentagon report compiled by the Defense Science Board laid out what it called a partial list of 37 programs that were breached in computer-based attacks, including the Terminal High Altitude Area Defense weapon, a land-based missile defense system that was recently deployed to Guam to help counter the North Korean threat. Other programs whose systems were breached include the F-35 Joint Strike Fighter, the F-22 Raptor fighter jet and the hybrid MV-22 Osprey, which can take off and land like a helicopter and fly like an airplane. According to U.S. officials and cyber experts, China hackers use gaps in software or scams that target users' email systems to infiltrate government and corporate networks. Reported by SFGate 1 hour ago.
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 2:08 am, Wednesday, June 5, 2013
"By going public the administration has made a lot of progress," said James Lewis, a cybersecurity expert at the Center for Strategic and International Studies who has met with Chinese leaders on cyber issues. Standing on the stage at the Shangri-La Dialogue security conference last weekend, Defense Secretary Chuck Hagel became the latest U.S. official to openly accuse the Chinese government of cyber espionage — as members of Beijing's delegation sat in the audience in front of him. According to Lewis and other defense officials familiar with the issue, China's willingness to engage in talks with the U.S. about the problem — even without admitting to some of the breaches — is a step in the right direction. Cybersecurity experts say China-based instances of cyber intrusions into U.S. agencies and programs — including defense contractors and military weapons systems — have been going on since the late 1990s. A recent Pentagon report compiled by the Defense Science Board laid out what it called a partial list of 37 programs that were breached in computer-based attacks, including the Terminal High Altitude Area Defense weapon, a land-based missile defense system that was recently deployed to Guam to help counter the North Korean threat. Other programs whose systems were breached include the F-35 Joint Strike Fighter, the F-22 Raptor fighter jet and the hybrid MV-22 Osprey, which can take off and land like a helicopter and fly like an airplane. According to U.S. officials and cyber experts, China hackers use gaps in software or scams that target users' email systems to infiltrate government and corporate networks. Reported by SFGate 1 hour ago.
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China opens EU wine probe as trade dispute spreads
BEIJING: Beijing has begun an anti-dumping probe into European wine, the commerce ministry said Wednesday after the EU imposed tariffs on solar panel imports from China, in a dramatic broadening of the trade dispute. China is the EU’s second-largest trading partner, with $546 billion in two-way business last year according to Beijing’s figures, but the [...]
Reported by The News Tribe 46 minutes ago.
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US inventor allowed out by China ahead of summit
A US inventor who was prevented from leaving China for nearly five years in a row over trade secrets has been allowed home, Beijing said on Wednesday, ahead of a presidential summit between the two powers.
Hu Zhicheng, a Chinese-born US national, arrived in California on Monday evening, reports in the US say.
The inventor, who spent 17 months in prison and was released three years ago after charges were dropped, had an emotional reunion with his family after legal restrictions on him leaving China were lifted. Reported by S.China Morning Post 10 minutes ago.
Hu Zhicheng, a Chinese-born US national, arrived in California on Monday evening, reports in the US say.
The inventor, who spent 17 months in prison and was released three years ago after charges were dropped, had an emotional reunion with his family after legal restrictions on him leaving China were lifted. Reported by S.China Morning Post 10 minutes ago.
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Japan, China agreed to shelve Senkaku islands row in 1970s, says former Japanese minister
Japan and China had agreed to shelve the territory row over Senkaku Islands in the East China Sea when the two countries normalized relations in the early 1970s, a former Japanese minister has said.
Reported by IndiaVision 43 minutes ago.
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