ecns [expanded by feedex.net]
ecns
Pyramid-shaped building goes viral online
http://www.ecns.cn/visual/hd/2013/06-28/21507.shtml
Jun 28th 2013, 07:54
2013-06-28 16:51
Photos of a pyramid shape building in Kunshan city, east China's Jiangsu province go viral online. [Photo: IC]
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Friday, June 28, 2013
ecns [expanded by feedex.net]: China keeps close eye on US-Philippine drills
ecns [expanded by feedex.net]
ecns
China keeps close eye on US-Philippine drills
http://www.ecns.cn/military/2013/06-28/70754.shtml
Jun 28th 2013, 07:51
2013-06-28 16:51 CNTV Web Editor: yaolan
A joint naval exercise between the US and the Philippines has entered its second day, in waters near Huangyan Island. Officials from both countries say the drills are regular and pre-arranged and have nothing to do with territorial disputes with China. China hasn't directly contradicted that stance, but it has issued a veiled warning to both nations not to compromise regional peace and stability.
The 6-day naval drill began on Thursday in Subic Bay, a former US naval base.
Some exercises are being held in waters facing Huangyan Island. But US and Philippine commanders have played down reports that the drills are a response to territorial disputes, calling them routine, and focused on regional security.
Captain Ruel Saonoy, Exercise Director, Philippine Navy, said, "It also sends a message to our neighbours that our navies share a common interest in keeping our seas and littorals open for safe commerce and the usual interactions of seafaring states."
The US meanwhile, says the drills are just another part of its overall strategic rebalance to Asia.
Rear Admiral Thomas Carney said, "It's certainly part of the rebalance that the US is looking to reinforce not only militarily but economically and politically with Asia."
But Huangyan Island IS the center of a long standing territorial dispute between China and the Philippines, and the scene of a number of recent standoffs.
Manila has recently beefed up its military presence at another disputed coral reef, prompting China to accuse the country of "illegal occupation".
But despite media reports that the current drill is weighted towards territorial issues, China's response this time has been more guarded.
Yang Yujun, spokesman of Chinese Ministry of National Defense, said, "It's China's consistent position that military cooperation between countries should not compromise regional peace and stability. As for media reports relating to the drill to current territorial disputes, we feel this is an exaggeration and media hype."
The Philippine military wants to build new air and naval bases at Subic Bay, coinciding with the US rebalancing towards Asia.
Professor Clarita Carlos, Philippine Defense Expert, said, "So I would imagine, there will be more visits by US naval personnel here and there will be more joint and combined exercises. Nothing wrong with that."
The frequency of US Navy visits has certainly increased dramatically. So far this year, 72 US warships and submarines have visited Subic Bay. In the whole of 2012 there were just 88 visits 54 in 2011 and 51 in 2010.
China continues to insist that regional peace and stability can only be reached through dialogue.
0)
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ecns
China keeps close eye on US-Philippine drills
http://www.ecns.cn/military/2013/06-28/70754.shtml
Jun 28th 2013, 07:51
2013-06-28 16:51 CNTV Web Editor: yaolan
A joint naval exercise between the US and the Philippines has entered its second day, in waters near Huangyan Island. Officials from both countries say the drills are regular and pre-arranged and have nothing to do with territorial disputes with China. China hasn't directly contradicted that stance, but it has issued a veiled warning to both nations not to compromise regional peace and stability.
The 6-day naval drill began on Thursday in Subic Bay, a former US naval base.
Some exercises are being held in waters facing Huangyan Island. But US and Philippine commanders have played down reports that the drills are a response to territorial disputes, calling them routine, and focused on regional security.
Captain Ruel Saonoy, Exercise Director, Philippine Navy, said, "It also sends a message to our neighbours that our navies share a common interest in keeping our seas and littorals open for safe commerce and the usual interactions of seafaring states."
The US meanwhile, says the drills are just another part of its overall strategic rebalance to Asia.
Rear Admiral Thomas Carney said, "It's certainly part of the rebalance that the US is looking to reinforce not only militarily but economically and politically with Asia."
But Huangyan Island IS the center of a long standing territorial dispute between China and the Philippines, and the scene of a number of recent standoffs.
Manila has recently beefed up its military presence at another disputed coral reef, prompting China to accuse the country of "illegal occupation".
But despite media reports that the current drill is weighted towards territorial issues, China's response this time has been more guarded.
Yang Yujun, spokesman of Chinese Ministry of National Defense, said, "It's China's consistent position that military cooperation between countries should not compromise regional peace and stability. As for media reports relating to the drill to current territorial disputes, we feel this is an exaggeration and media hype."
The Philippine military wants to build new air and naval bases at Subic Bay, coinciding with the US rebalancing towards Asia.
Professor Clarita Carlos, Philippine Defense Expert, said, "So I would imagine, there will be more visits by US naval personnel here and there will be more joint and combined exercises. Nothing wrong with that."
The frequency of US Navy visits has certainly increased dramatically. So far this year, 72 US warships and submarines have visited Subic Bay. In the whole of 2012 there were just 88 visits 54 in 2011 and 51 in 2010.
China continues to insist that regional peace and stability can only be reached through dialogue.
0)
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ecns [expanded by feedex.net]: Less rainfall for S China, more for the north
ecns [expanded by feedex.net]
ecns
Less rainfall for S China, more for the north
http://www.ecns.cn/2013/06-28/70752.shtml
Jun 28th 2013, 07:41
2013-06-28 16:41 CNTV Web Editor: yaolan
Heavy rain is continuing to fall in the middle and lower reaches of the Yangzte River for the sixth consecutive day.
Torrential rain pounded the south and southwest of China on Thursday. The Qiantang River in east China's Hangzhou is continuing to rise. As a result, the navigation route had to be closed by 5pm on Thursday.
But the weather forecast predicts less rainfall is expected in south China next week. Meanwhile, north China will see more heavy rain for the next couple of days. Rain will cover parts of north China, including Beijing. Rainy weather is expected to continue next week in these regions.
0)
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ecns
Less rainfall for S China, more for the north
http://www.ecns.cn/2013/06-28/70752.shtml
Jun 28th 2013, 07:41
2013-06-28 16:41 CNTV Web Editor: yaolan
Heavy rain is continuing to fall in the middle and lower reaches of the Yangzte River for the sixth consecutive day.
Torrential rain pounded the south and southwest of China on Thursday. The Qiantang River in east China's Hangzhou is continuing to rise. As a result, the navigation route had to be closed by 5pm on Thursday.
But the weather forecast predicts less rainfall is expected in south China next week. Meanwhile, north China will see more heavy rain for the next couple of days. Rain will cover parts of north China, including Beijing. Rainy weather is expected to continue next week in these regions.
0)
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ecns [expanded by feedex.net]: Japanese warned about Chinese marriage brokers
ecns [expanded by feedex.net]
ecns
Japanese warned about Chinese marriage brokers
http://www.ecns.cn/cns-wire/2013/06-28/70753.shtml
Jun 28th 2013, 07:46
2013-06-28 16:46 Ecns.cn Web Editor: Gu Liping
(ECNS) -- A Chinese-language newspaper in Japan warned Japanese citizens about Chinese marriage brokers who it said charge incredibly high fees or arrange fake marriages.
The number of marriages between Japanese and Chinese is highest among those between Japanese and foreigners, the report said.
Altogether 12,733 couples married in 2009, more than 90 percent of whom are Chinese women and Japanese men, according to figures from Japan's Ministry of Health, Labor and Welfare.
The report said Chinese marriage brokers usually charge an incredibly high fee, 1.48 million Japanese yen ($14,981), compared with 400,000 yen charged by domestic brokers. Even if it includes plane tickets to China, it is still too high, it added.
The report concluded that Chinese marriage brokers make huge profits from Japanese customers.
What's more, Chinese marriage brokers also arrange fake marriages for Chinese women who want a visa to immigrate to Japan. Frauds exist among the brokers, it said.
A Japanese military officer and a Chinese woman were arrested for faking marriage earlier this month, which drew wide attention.
0)
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ecns
Japanese warned about Chinese marriage brokers
http://www.ecns.cn/cns-wire/2013/06-28/70753.shtml
Jun 28th 2013, 07:46
2013-06-28 16:46 Ecns.cn Web Editor: Gu Liping
(ECNS) -- A Chinese-language newspaper in Japan warned Japanese citizens about Chinese marriage brokers who it said charge incredibly high fees or arrange fake marriages.
The number of marriages between Japanese and Chinese is highest among those between Japanese and foreigners, the report said.
Altogether 12,733 couples married in 2009, more than 90 percent of whom are Chinese women and Japanese men, according to figures from Japan's Ministry of Health, Labor and Welfare.
The report said Chinese marriage brokers usually charge an incredibly high fee, 1.48 million Japanese yen ($14,981), compared with 400,000 yen charged by domestic brokers. Even if it includes plane tickets to China, it is still too high, it added.
The report concluded that Chinese marriage brokers make huge profits from Japanese customers.
What's more, Chinese marriage brokers also arrange fake marriages for Chinese women who want a visa to immigrate to Japan. Frauds exist among the brokers, it said.
A Japanese military officer and a Chinese woman were arrested for faking marriage earlier this month, which drew wide attention.
0)
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ecns [expanded by feedex.net]: China stock index futures close higher Friday
ecns [expanded by feedex.net]
ecns
China stock index futures close higher Friday
http://www.ecns.cn/business/2013/06-28/70756.shtml
Jun 28th 2013, 07:54
2013-06-28 16:54
China's stock index futures closed higher on Friday, with the contract for July 2013, the most actively traded, gained 2.34 percent to 2168.6 points.
The August contract climbed 1.98 percent to 2,163.2 points. The September contract added 2.07 percent to 2,171.0 points, while the December contract closed 1.98 percent higher to 2,190.2 points.
The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from either gains or declines in the market.
The index futures was launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.
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ecns
China stock index futures close higher Friday
http://www.ecns.cn/business/2013/06-28/70756.shtml
Jun 28th 2013, 07:54
2013-06-28 16:54
China's stock index futures closed higher on Friday, with the contract for July 2013, the most actively traded, gained 2.34 percent to 2168.6 points.
The August contract climbed 1.98 percent to 2,163.2 points. The September contract added 2.07 percent to 2,171.0 points, while the December contract closed 1.98 percent higher to 2,190.2 points.
The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from either gains or declines in the market.
The index futures was launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.
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Thursday, June 27, 2013
ecns [expanded by feedex.net]: China to enhance financial support for agricultural sector
ecns [expanded by feedex.net]
ecns
China to enhance financial support for agricultural sector
http://www.ecns.cn/business/2013/06-28/70562.shtml
Jun 27th 2013, 23:10
2013-06-28 08:10 Xinhua Web Editor: qindexing
China's top banking regulator said on Thursday that the country will provide more financial support for agriculture.
Financial institutions will be encouraged to lend more to the agriculture, forestry, husbandry and fishery industries, prioritizing the country's central and western areas, as well as major grain-producing regions, the China Banking Regulatory Commission (CBRC) said in a report presented to the country's top legislative body.
It also vowed to increase credit for agricultural infrastructure construction, agricultural technology research and development, as well as the development of new types of agricultural business entities.
Outstanding loans for agriculture-related sectors totaled 17.6 trillion yuan (2.84 trillion U.S. dollars) at the end of 2012, representing an average annual increase of 23.6 percent from 2008. The growth was 4 percentage points higher than the average growth of other loans, according to CBRC statistics.
According to the report, the country will beef up efforts to promote the clarification, registration and transfer of rural land management rights while carrying out pilot programs for rural people who wish to mortgage their lands.
Rural land in China is either state-owned or collectively owned.
0)
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ecns
China to enhance financial support for agricultural sector
http://www.ecns.cn/business/2013/06-28/70562.shtml
Jun 27th 2013, 23:10
2013-06-28 08:10 Xinhua Web Editor: qindexing
China's top banking regulator said on Thursday that the country will provide more financial support for agriculture.
Financial institutions will be encouraged to lend more to the agriculture, forestry, husbandry and fishery industries, prioritizing the country's central and western areas, as well as major grain-producing regions, the China Banking Regulatory Commission (CBRC) said in a report presented to the country's top legislative body.
It also vowed to increase credit for agricultural infrastructure construction, agricultural technology research and development, as well as the development of new types of agricultural business entities.
Outstanding loans for agriculture-related sectors totaled 17.6 trillion yuan (2.84 trillion U.S. dollars) at the end of 2012, representing an average annual increase of 23.6 percent from 2008. The growth was 4 percentage points higher than the average growth of other loans, according to CBRC statistics.
According to the report, the country will beef up efforts to promote the clarification, registration and transfer of rural land management rights while carrying out pilot programs for rural people who wish to mortgage their lands.
Rural land in China is either state-owned or collectively owned.
0)
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ecns [expanded by feedex.net]: Shanghai index slips amid ongoing liquidity squeeze
ecns [expanded by feedex.net]
ecns
Shanghai index slips amid ongoing liquidity squeeze
http://www.ecns.cn/business/2013/06-28/70560.shtml
Jun 27th 2013, 23:04
2013-06-28 08:04 Shanghai Daily Web Editor: qindexing
Shanghai stocks declined for the seventh straight day amid the ongoing liquidity squeeze and concern over the economy despite data showing the regulator has granted new quotas for foreign investors to tap China's securities market.
The benchmark Shanghai Composite Index shed 1.48 points, or 0.08 percent, to 1,950.01. Daily turnover was 84.3 billion yuan (US$13.8 billion).
"The market will likely remain weak as investors are hesitant to commit given the liquidity crunch and economic weakness," said Western Securities.
Fitch Ratings yesterday lowered its forecast on China's 2013 economic growth to 7.5 percent, down from its previous projection of 8 percent, as surging borrowing costs in June may post risks to the economy.
China on Monday granted a total quota of 9.2 billion yuan to the Renminbi Qualified Foreign Institutional Investors, bringing the total investment under the program to 104.9 billion yuan, according to State Administration of Foreign Exchange data.
Small-cap firms led today's declines as Ernst & Young LLP said small-caps will dominate China's initial public offerings, which are expected to resume after July.
Logistics firms slumped. Yangtze River Investment Industry Co, which primarily offers marine and air transportation, slid 7.1 percent to 6.25 yuan. CMST Development Co, one of China's key warehousing enterprises, fell 4.5 percent to 6.32 yuan.
0)
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ecns
Shanghai index slips amid ongoing liquidity squeeze
http://www.ecns.cn/business/2013/06-28/70560.shtml
Jun 27th 2013, 23:04
2013-06-28 08:04 Shanghai Daily Web Editor: qindexing
Shanghai stocks declined for the seventh straight day amid the ongoing liquidity squeeze and concern over the economy despite data showing the regulator has granted new quotas for foreign investors to tap China's securities market.
The benchmark Shanghai Composite Index shed 1.48 points, or 0.08 percent, to 1,950.01. Daily turnover was 84.3 billion yuan (US$13.8 billion).
"The market will likely remain weak as investors are hesitant to commit given the liquidity crunch and economic weakness," said Western Securities.
Fitch Ratings yesterday lowered its forecast on China's 2013 economic growth to 7.5 percent, down from its previous projection of 8 percent, as surging borrowing costs in June may post risks to the economy.
China on Monday granted a total quota of 9.2 billion yuan to the Renminbi Qualified Foreign Institutional Investors, bringing the total investment under the program to 104.9 billion yuan, according to State Administration of Foreign Exchange data.
Small-cap firms led today's declines as Ernst & Young LLP said small-caps will dominate China's initial public offerings, which are expected to resume after July.
Logistics firms slumped. Yangtze River Investment Industry Co, which primarily offers marine and air transportation, slid 7.1 percent to 6.25 yuan. CMST Development Co, one of China's key warehousing enterprises, fell 4.5 percent to 6.32 yuan.
0)
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