Monthly Archives: September 2013

An eclipse of the mooncake

Sales of traditional palm-size pastries eaten during Mid-Autumn Festival feel the pitch of campaign to curb extravagance launched by nation’s leader, reports Xu Junqian in Shanghai. There is an old folk adage that well describes what China’s mooncake market, and perhaps entire gift market is like: Those who eat (mooncakes) never spend a bit and […]

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Solution to growth of new-energy firms blowing in the wind

Green development is facing a series of obstacles, as Jiang Xueqing reports in Changchun. Seven years after China’s Renewable Energy Law took effect in January 2006, renewable energy companies are making huge contributions to the reduction of air pollution. The act was introduced with the aim of promoting the use of non-fossil fuel energy. However, […]

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Bo Xilai sentenced to life behind bars

Bo sentenced for bribery, embezzlement and abuse of power  Former Chongqing Party chief Bo Xilai was sentenced to life in prison for bribery, embezzlement and abuse of power by a court in Jinan, Shandong province, on Sunday.  Bo was deprived of political rights for life, with all of his private assets confiscated, under the verdict […]

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China foreign minister at UN

As Syria looms, it’s official’s first appearance at the world body  Chinese Foreign Minister Wang Yi met with UN Secretary-General Ban Ki-moon on Syria and development issues at UN headquarters on Sunday morning, kicking off his participation in this week’s 68th session of the General Assembly in New York.  The foreign minister stressed that China […]

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Finding roots

An academic says his research sheds light on the link between contemporary Chinese society and the country’s agrarian past. Sun Ye reports. Critic and researcher of Chinese contemporary literature Zhang Ning, says he has found the deep driving force behind his countrymen’s mentality. He has released his findings in an updated work that documents the […]

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Beijing buys more US Treasury securities

In a sharp reversal from a June sell-off, China boosted its holdings of US Treasury securities by $1.5 billion in July to retain its lead as the United States’ largest foreign creditor, the US Treasury said.  Japan, moving to keep the yen weak, was the biggest buyer of Treasuries for the month, taking $52 billion […]

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