China can cut its optimistic economic growth objective and still have a healthy labor market, the World Bank reported on Wednesday. The Bank believes that the government set the bar too high for the Chinese economy. Rigid growth objectives should be dropped in favor of a thorough set of reforms, according to World Bank. China can expect an economic growth of just 7 percent in 2015 without any … [Read more...]
China Launches Mission to the Moon and Back
China successfully launched an experimental space mission of Friday in an effort to expand its space exploration program. The test is a first stage of a complex research program with a second episode scheduled for 2017. In three years from now, the State Administration of Science, Technology and Industry for National Defence (SASTIND) will send another mission to bring back samples of Moon … [Read more...]
World Bank Cuts China Economic Growth Forecast
During the last several decades, the Chinese government pushed the economic engines to the max. But the Chinese economy may not grow as fast as scheduled during the next couple of years. Chinese officials are not worried about a potentially smaller growth, as they plan to make the economy more sustainable. The World Bank cut their forecast of the Chinese economic growth from 7.6 to 7.4 percent … [Read more...]
Global Carbon Emission Levels Broke Records in 2013
The global CO2 emissions broke new records in 2013, according to a recent report released by Global Carbon Project. More than ever, political leaders have to reach a consensus over how to tackle the problem efficiently. Unfortunately, so far they failed to turn most of the promises made during previous events such as the recent UN Climate Change Summit into concrete actions. The report states … [Read more...]
Chinese Economy Cools Down as Inflation Rate Decreases in August
China may face some economic problems as its inflation is lower than expected. An official report released by the national statistics office says that consumer prices rose by just 2 percent in August. The number follows a trend started a couple of months ago, but this is the lowest level of inflation encountered by the Chinese economy in the last months. July’s inflation rate was found to be at … [Read more...]
Apple Postponed the iPhone 6 Release in China
Some of the rumors regarding the iPhone 6 production problems faced by Apple may have been true. The Chinese market will not have access to iPhone 6 on September 19, when the device will be officially available for sale. "China is a key market for us and we will get there as soon as possible," Apple declared, according to Reuters. China is one of the most important markets for Apple. The … [Read more...]
Human Interference blamed For Yellow River Flooding in China
A combination of human caused environmental degradation and efforts to control the great Yellow river in China, made almost 3,000 years ago, may be responsible for flooding that killed millions and led to the fall of an empire, according to new research. What could be considered as a grim lesson from history of the importance of responsible land use, archeologists in China have found evidence that … [Read more...]
Cities on Mountains: China’s Mountaintop removal mining threat to Environment
Mountaintop removal mining is getting rampant in China day-by-day. With the rising population, Chinese authorities have initiated levelling their mountaintops in order to make more room for development. The scientists at the Chang'an University have tried to throw the light on the harsh realities. China’s one-fifth population is estimated to live in mountainous areas, with the boom in … [Read more...]
Sony’s PlayStation (PS4) To Officially Enter China with OPCD
Just after one month of Microsoft announcement regarding bringing the Xbox to China come September, Sony also finally deep-rooted that the PlayStation will indeed be joining Redmond's console in the Far East. Just like Microsoft's collaboration with China's BesTV, Sony's also be working with a local company called Shanghai Oriental Pearl Culture Development (OPCD in short). The interesting … [Read more...]
U.S. Triumphant in WTO Dispute Over China
The Obama administration has scored a victory against China on a major trade dispute between the two countries as the World Trade Organization in a case that challenged China's imposition of penalty tariffs on the sale of $5 billion in U.S.-made vehicles in China. The countries have a dispute over sales of General Motors Co. (GM:US) and Chrysler Group LLC cars and sport-utility vehicles, … [Read more...]
