Tag: china

  • China urges Malaysia to intensify search for flight MH370

    China has urged Malaysia to “step up its efforts” in the search for the Malaysia Airlines passenger plane that disappeared on Saturday.

    A massive search and rescue operation involving nine countries has found no trace of the plane or the 239 people on board – most of whom were Chinese.

    The authorities are further expanding the search areas in the Malacca Strait and the South China Sea.

    Flight MH370 vanished from radar en route to Beijing from Kuala Lumpur.

    Relatives of the missing passengers have been told to prepare for the worst.

    Chinese foreign ministry spokesman Qin Gang had earlier urged the Malaysian authorities to sharpen its search efforts.

    “We have a responsibility to demand and urge the Malaysian side to step up search efforts, start an investigation as soon as possible and provide relevant information to China correctly and in a timely manner,” he said.

    Patience appears to be wearing thin in the search for the missing aeroplane, says the BBC’s Celia Hatton in Beijing.

    The Malaysian authorities are attempting to address Chinese concerns – they have reissued a pledge to fly worried family members to Kuala Lumpur so they can be closer to the search efforts, our correspondent adds.

    But one victim’s relative – Guo Qishun, whose son-in-law was on the plane – said he did not see the point of flying to Malaysia.

    “If we go to Malaysia, we can do nothing but wait, just like we are doing in Beijing now. If we go to Malaysia, who can we rely on? Most of us don’t speak English,” he told the Associated Press news agency.

    Earlier, the Malaysian authorities said they had identified one of the two men travelling on the missing plane on stolen passports.

    Police chief Khalid Abu Bakar said they could not reveal his identity, but confirmed the man was not Malaysian.

    International police agency Interpol has confirmed the passengers were travelling with Italian and Austrian passports stolen in Thailand years ago.

    At a news conference on Monday, Malaysia’s civil aviation chief Azharuddin Abdul Rahman said the two men were “not Asian-looking men”.

    He insisted that all security protocols had been complied with before the plane took off.

    Experts say the presence of two passengers with stolen passports is a breach of security, but is relatively common in the region and could relate to illegal migration.

    Some 40 ships and 34 aircraft from nine different nations are taking part in the search in the seas off Vietnam and Malaysia.

    Azharuddin Abdul Rahman: “All security protocols have been complied with”

    Commander William Marks from the US Seventh Fleet, which is taking part in the search, said he expected the plane’s flight recorders to be floating in the water.

    He said the recorders, also known as “black boxes”, were fitted with radio beacons that can be picked up by radar.

    Despite a wide search, radar had not so far picked up any signals, he said.

    None of the debris and oil slicks spotted in the water so far have proven to be linked to the disappearance.

     

  • ‘20,000 Nigerians obtained visas to China in 2013’

    ‘20,000 Nigerians obtained visas to China in 2013’

    No fewer than 20, 000 Nigerians obtained visas to China in 2013, Mr Liu Kan, Consul-General of the Peoples Republic of China Consulate in Lagos said on Sunday.

    Liu told the News Agency of Nigeria (NAN) in Lagos that the visas were issued to Nigerians who travelled to the country for business transactions, work, visits and studies.

    The consul-general, however, noted that out of the number, those that travelled for business transaction were more.

    “The Chinese Consulate-General in Lagos issued about 20,000 visas to Nigerians who visited China for different purposes in year 2013.

    “This number of visas issued in 2013 is more than what was issued in the year 2012.

    “This goes to show a positive growth in the number of Nigerians travelling to China for business and cultural exchange,’’ he said.

    Liu also said that one third of the number were issued one and two-year, multiple-entry visas.

    The envoy disclosed his government’s plan to strengthen friendly relations with Nigerians in the years ahead.

    He said both countries’ governments had met on possible ways of simplifying visa conditions for Nigerians.

    “China attaches importance to developing a mutual relationship with all African countries, including Nigeria.

    “China is ready to work with Nigeria in building a long-lasting, stable and mutually beneficial relationship now and in the near future,’’ he added.(NAN)

  • Costs of natural disasters surge to $69b in China

    BEIJING (Reuters) – Natural disasters including droughts, floods and earthquakes cost China 421 billion yuan ($69 billion) in 2013, official data showed on Monday, nearly double the total in the previous year.

    China has always been prone to natural disasters but a changing climate is causing more extreme weather, which hits food production, threatens scarce water resources and damages energy security, according to the government.

    Data released by the National Statistics Bureau showed flooding and mudslides cost China 188 billion yuan in 2013, 20 billion more than in the previous year.

    Damage from droughts rose nearly fourfold to 90 billion yuan, while snowfall, freezes and ocean-related costs totalled more than 42 billion yuan.

    Earthquakes, primarily one in Sichuan province in April that killed 186 people, added nearly 100 billion yuan to the costs.

     

     

    “In recent years, China has seen a combination of floods and droughts simultaneously, with the rain belt moving north past the Yangtze River,” Zhu Congwen, a researcher with the China Academy of Meteorological Sciences told Reuters, speaking in a personal capacity.

    Northern China is seeing more droughts while typhoons are arriving earlier, wetlands drying up and sea levels rising, the government said in a report last year.

    Some regions in China, such as the southern province of Yunnan, are in their third year of crippling droughts.

    In August last year, an extended heatwave across six provinces in central China meant crops from 900,000 hectares (2.2 million acres) of farmland failed and 13 million people had no easy access to drinking water.

    In the same month, record rain – in some areas the most heavy in more than 100 years – and storms killed more than 100 people and caused huge floods in the northeast and northwest.

    Last year’s disasters were not as bad as 2010, when record flooding killed more than 1,000 people and led to 15 million being forced from their homes.

    But the trend is for an increasing impact from wild weather.

    In December, the government said it was poorly prepared to tackle the impact of climate change and released a plan identifying main areas for improvement in a bid to limit damage.

    Infrastructure, agriculture, water resources, coastal zones, forests and human health were listed as priorities.

    China is the world’s biggest emitter of greenhouse gases, which scientists say cause climate change, but has pledged to cut its emissions to 40-45 per cent per unit of gross domestic product by 2020 compared with 2005 levels.

  • China’s growing stake in stability

    China’s growing stake in stability

    China’s growing investment in industries worldwide chills those who see in it the specter of a global economic behemoth. But there could be more reason to welcome than fear this new role. By giving China a greater stake in global and regional stability and prosperity, these investments could ease the tensions created by China’s geopolitical activities.

    China has had a major role in world financial markets for years. But investment in foreign businesses by its public and private companies could soon overtake foreign investment in China, said Shen Danyang, a Commerce Ministry spokesman. Direct investments abroad not only create employment and wealth in the recipient countries, but, if they are large enough, they can bind national economies and political interests, stabilizing relationships.

    The Lenovo Group, a major computer manufacturer, recently made acquisitions worth more than $5 billion to push into the smartphone business in the United States. The company is based in Beijing but has a hub in Morrisville, N.C. Xu Weiping, the creator of huge business parks in China, is investing $1.6 billion to turn the abandoned Royal Albert Dock in London into the main European hub for Chinese companies. He said more than 60 Chinese businesses had agreed to take space in the development.

    Last week, the French government and the Chinese state-owned Dongfeng Motor agreed to buy $4 billion in shares of the troubled French automaker PSA Peugeot Citroën. The investment provides Dongfeng with technological upgrades and Peugeot with capital to restructure so it can become competitive again. The deal raises China’s stake not only in Peugeot but in the health of the French economy and in its relationship with the French government.

    Chinese investment in Japan has been in the billions for several years, despite tensions over conflicting claims about islets in the East China Sea that some strategic analysts fear could lead to war. But it makes little sense to go to war while increasing investments that could be confiscated during a conflict. Even though China does not seem worried about stirring up this rivalry, further Chinese investment in Japan should motivate China to tone down its aggressiveness out of self-interest.

    Deepening economic integration can act as a counterweight to international political difficulties. Japanese and European governments should take heart in the flow of Chinese capital that provides the much-needed investment in their current struggles to fight deflation. Conversely, any nationalistic effort to restrict the flow of Chinese capital would heighten anxieties to no one’s benefit.

    – New York Times

     

  • China to grant African SMEs $1b loans

    China is to establish a $1 billion special fund for the development of small and medium enterprises (SMEs), financed by China Development Bank (CDB).

    The additional funding will increase the Special Loan for the Development of African SMEs to $2 billion, the Deputy Head of the international department at CDB Liu Hao told Xinhua news agency.

    SMEs will receive loans of up to $1 million with a maximum duration of five years.

    The objective is to boost the growth of SMEs in Africa, broaden their financing sources, boost the local economy and contribute to job creation, Le Soleil newspaper reports.

    CDB will establish rates depending on the importance of the project, the borrower’s level of credibility and the results of the project’s risk assessment.

    The targeted sectors will include agriculture, export led industries, construction, health and medicine, irrigation, education, environment protection and energy savings.

     

     

  • China vows ‘decisive’ role for markets, results by 2020

    China’s leaders pledged to let markets play a “decisive” role in the economy as they unveiled a reform agenda for the next decade on Tuesday, looking to secure new drivers of future growth.

    China aims to achieve “decisive results” in its reform push by 2020, with economic changes in focus, the ruling Communist Party said in a communique released by state media at the end of a four-day conclave of its 205-member Central Committee.

    “You should look back in history. When Deng Xiaoping started the reform and opening movement, he actually did something very similar in nature, creating a very powerful working group,” said Steve Wang, China chief economist with The Reorient Group in Hong Kong.

    “These guys report direct into the power centre of the Communist Party. This is definitely not something to be looked at as another layer of bureaucracy, this is something to speed things up, to make things more efficient.”

    The leaders also set up a state committee to improve security as Beijing seeks to tackle growing social unrest and unify the powers of a disparate security apparatus in the face of growing challenges at home and abroad.

    While the statement was short on details, which prompted disappointment on social media, it is expected to kick off specific measures by state agencies over the coming years to gradually reduce the role of the state in the economy.

    Historically, such third plenary sessions of a newly installed Central Committee have acted as a springboard for key economic reforms, and the follow-up to this meeting will serve as a first test of the new leadership’s commitment to reform.

    While the party effectively upgraded the importance of markets in its philosophy – previous policy statements often described markets as playing only a “basic” role in allocating resources – it also made clear that it had no plans to radically reduce the role of the state in the economy.

    State-owned enterprises, which now control large swathes of the economy, will continue to play a leading role, even while the government creates more room for private enterprise by opening up more industries to private capital, it said.

    Among the issues singled out for change, the party said it would work to deepen fiscal and tax reform, establish a unified land market in cities and the countryside, give farmers more property rights, and develop a sustainable social security system – all seen as necessary for putting the world’s second-largest economy on a more stable footing.

  • Utaka hings China success on Europe experience

    Utaka hings China success on Europe experience

     

    Beijing Guoan of China striker, Peter Utaka has said that his wealthy Europe experience is the secret of his current form in China.

     

    In 2011 Utaka moved to Darlian Aerbian of China where he scored a sensational 20 goals in a season, he was also named as one of the best players in the league.

     

    Utaka continued his blistering form in the second season when he caught the attention of top clubs like Beijing Guoan when he scored four goals in a match. And made one of the biggest transfer in the last transfer window.

     

    “The magic of scoring in China is just my experience, when you have European experience and have played the game well, I think that is when you can really get the best out of you in the league,” he said.

     

    “Chinese Super League is a tough league contrary to what people think and you can’t succeed if you don’t have what it takes. The likes of Aiyegbeni, Fred Kanoute, Seydou Keita, Love Vagner and others have played to the highest level in Europe and that is why you are seeing the recent leverage the league is enjoying.

     

    “I believe more big players are coming to China next season. Big names across England, Spain, Germany will make moves to China because the standard is already there for them to play.”

     

    Utaka scored 14 goals this seaon, his two goals secured Champions League ticket for Beijing but promise to paint the league with goals next season.

     

    “I want to be better than this season, I will do all my best to rule the league goals next season.”

     

  • China, Russia: forces behind global tourism

    China, Russia: forces behind global tourism

    A recent tourism report by the World Travel Monitor has indicated that financial crises, recessions, political turmoils and civil unrests have not stopped people from travelling.

    After 2013, people will again be travelling more often than ever before in 2014. The driving forces behind this growth are first-time travellers from China, Russia and Brazil.

    Speaking on Tuesday at the opening of the 21st World Travel Monitor Forum in Pisa, Rolf Freitag, president of the tourism consultancy, IPK International, said: “Without a doubt, travelling continues to be a global mega trend. Already today, one-third of the human race is travelling.”

    According to the report, trend surveys carried out in 20 of the world’s most important source markets, which were presented on Tuesday, last year tourism grew by four per cent, making 2013 one of the most successful years to date. However, in terms of the international travel volume, market shifts are taking place. Whereas countries with a minor population and small GDP previously generated a low volume of international travel and countries with a large population and high GDP a correspondingly large volume.

    Established international travel markets such as Germany, the USA and the UK registered only moderate single-digit growth (+2 per cent, +1 per cent and +3 per cent respectively) and the Japanese market even reported a 2 per cent decline. By contrast, the markets in China and Russia registered double-digit increases (+26 per cent and +12 per cent respectively) and Brazil reported high single-digit growth (+6 per cent).

    As regards global travel trends and business travel, from January to August 2013, the MICE segment registered strong growth (+6 per cent ). By contrast, the market for conventional business travel shrank by 10 %. As regards holiday destinations, the survey observed the following international trends: the market for culturally motivated travel such as city breaks and round trips grew by 8 per cent and 5 per cent respectively, as did traditional beach holidays (+5 per cent).

    There is still a risk of national economies going bankrupt and the world’s financial system collapsing. For the old economies, this means that the economic pressure of higher taxes and interest rates which take effect below the inflation threshold will result in a further tightening of belts.

    In these markets, any moderate growth will be mainly generated by individuals travelling more frequently.

    Despite the unsettled economic situation, the volume of travel around the world will continue to grow, and for the most part, will result in more people from the new economies undertaking their first trips.

  • Rangers Board Chairman to players:  Grab a continental ticket get a trip to China, Italy

    Rangers Board Chairman to players: Grab a continental ticket get a trip to China, Italy

    •Dangles 500k for away win and many more

     

    Enugu Rangers’ Board Chairman, Festus Onu has promised to personally fund the Flying Antelopes’ players pre season trips to China and Italy respectively if they could secure a continental ticket this season.

    Rangers are currently fifth on the log with 51 points from 34 matches but they could get an outside chance of a place on the continent if they win all their remaining home and away matches.

    To ensure that the late push for a continental ticket becomes a reality, Onu and other well meaning allies of the Flying Antelopes have aligned together to ensure that the players and coaches are well motivated between now and the end of the season.

    The first to react was the club’s Board Chairman, Onu who has told them to get a ticket to Africa and earn themselves trips to China and Italy for pre season games.

    Onu revealed that about three clubs have already agreed to engage Rangers in friendly matches as soon as they get to both nations for the pre season.

    Besides, the long term incentives, Onu has also promised to dangle N500,000 for every away win achieved by the club in the remainder of the league season where Rangers are slated to play Sunshine Stars and Heartland away from Enugu.

    The Port-Harcourt based astute businessman also offered N300,000 for every away drawn game and N250,000 for home wins till the end of the season.

    Adding to that was the Coal City side’s General Manager, Paul Chibuzor Ozor who has also promised the players and coaches an unspecified sum of money if they could get a result at Akure against Sunshine Stars on Wednesday.

    Ozor also confirmed that the players and coaches had been paid their outstanding two match bonuses to keep them in the right stead and mood ahead of the tie on Wednesday at Akure.

    Speaking with SportingLife on why the club promised the players and the technical officials so much despite giving only slightly above average throughout the season, the club’s director of media and publicity, Foster Chime said:” We are doing all within our reach to ensure that we get a continental ticket with nothing yet decided on the table from the top to the relegation zone. We have noticed that proper motivation is the antidote to delivering positive results, hence our decision to do so.

    “The players are raring to go and they have assured us that we should expect more than 100 per cent from them since they do not want to miss out on all the largesse promised them.”

    The Flying Antelopes have four matches more including ties at Sunshine Stars and Heartland. They will also host Sharks and El Kanemi at the Nnamdi Azikiwe Stadium.

     

  • World Bank President expects China to hit GDP growth target

    China should hit its Gross Domestic Product (GDP) growth target of 7.5 per cent this year, World Bank Group President Jim Yong Kim said on Sunday.

    But he warned that rising interest rates in emerging markets in response to reports that the U.S. is preparing to scale back its quantitative easing (QE) programme show that significant risk remains.

    “The rise in interest rates as a result of the announcement of the tapering of QE has exposed weaknesses in the economies of emerging markets,” he told reporters.

    “Our message is very strong to those emerging markets: think about those weaknesses and begin to move.”

    Several investment banks upgraded near-term forecasts for China’s growth after a run of strong data for August, including factory output and exports, and many now have full-year growth above the government’s official target of 7.5 per cent.

    UBS, Deutsche Bank, CICC and Nomura were among the banks to upgrade their growth forecasts for 2013 after the recent data, and now all have it 7.6 per cent or higher.

    Kim was in Shanghai as part of a four-day tour focusing on expanding collaboration with China on climate change.

    Power consumption in China, the world’s top energy user, is expected to grow more than nine percent this year, faster than the 5.5-per cent growth rate in 2012, the State Electricity Regulatory Commission said in January.