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Massive Rail Deal Gives China's Push Into Africa a Major Win

The China Railway Construction Corporation's eye-popping $12billion deal to build an 870-mile railroad in Nigeria is the biggest singleoverseas contract in Chinese history and will boost the country's manufacturingsector just as its overall economy shows some signs of slowing. That's not theonly upside for China, however: the deal will also give Chinese firms more of afoothold in Africa's biggest economy. Read more ...

via Foreignpolicy
23 Nov 2014

NSA director: China can damage US power grid

China and “one or two” other countries are capable of mounting cyberattacks that would shut down the electric grid and other critical systems in parts of the United States, according to Adm. Michael Rogers, director of the National Security Agency and head of U.S. Cyber Command. Read more ...

via Washingtonpost
23 Nov 2014

China’s Monetary-Policy Surprise

In economic policy, as in most other areas, actions speak louder than words. By cutting its policy benchmark interest rates, the People’s Bank of China has underscored the tactical focus of Chinese government’s stabilization policy: it aims to set a floor of around 7% on GDP growth. Read more ...

via Project-syndicate
23 Nov 2014

China’s New Global Leadership

The biggest economic news of the year came almost without notice: China has overtaken the US as the world’s largest economy. And, while China’s geopolitical status is rising rapidly, alongside its economic might, the US continues to squander its global leadership. Read more ...

via Project-syndicate
23 Nov 2014

Heavy smog hits NE China[1]

Sports channel covers stories and pictures of soccer, basketball, tennis, motor racing, stars and Beijing Olympics. Chinadaily.com.cn is the largest English portal in China, providing news, business information, BBS, learning materials. The Website has channels as China, BizChina, World, Opinion, Sports/Olympics, Entertainment, Lifestyle, Culture, [...] Read more ...

via Chinadaily
23 Nov 2014

Africa’s Latest False Choice

The idea that Africa must choose between two competing blocs – Chinese and the Western – has become a favorite of Western think tanks and journalists, who warn of a new “Great Game,” with foreign powers once again carving up the continent and making off with its riches. But African governments and businesses take a more nuanced view. Read more ...

via Project-syndicate
23 Nov 2014

China to increase TCM exports

China has seen a rapid increase in the export of traditional Chinese medicine (TCM) products in the past five years and will introduce more favorable policies and measures to help TCM go, said a senior health official. Read more ...

via Chinadaily
23 Nov 2014

The right call

CHINA has cut interest rates for the first time in more than two years, a powerful signal that the government want to step up support for the slowing economy. As [...] Read more ...

via Economist
23 Nov 2014

Week In Review: November 17-21, 2014

As part of Jing Daily’s newly published “Luxury on WeChat” report, we rounded up some of the key trends featured in WeChat luxury campaigns. It’s also the most promising, with expert predictions that Chinese consumers will make 50 percent of all luxury purchases by 2020. Its heavily developed, tourist-heavy beachfront areas of Kuta, Legian, [...] Read more ...

via Jingdaily
23 Nov 2014