China Daily back issues from July 2004:
China too passive on pricing
Jul 01, 2004; ... Although China is a big oil importer, its leverage on the globalprice of the "black gold" is less than 0.1 per cent - behind muchsmaller nations like Indonesia and the Republic of Korea. For years, an incomplete oil purchase system and futures markethave led to irrational ...
Trial to be 'fair' and televised live, says official
Jul 01, 2004 ... LONDON: The trial of Saddam Hussein will be fair, broadcast liveon television and radio and be the "trial of the century," Iraq's newnational security adviser said yesterday. Mouwafak al-Rubaie said the Iraqi Special Tribunal would be ableto impose the death penalty. He said ...
North
Jul 01, 2004 ... Man faints over stock depreciation A 77-year-old man became unconscious suddenly in a stock companyin Shenyang, capital of Liaonong Province, when he found that hisstocks depreciated over the weekend, Shenyang Today reports. The man surnamed Ge was sent to hospital ...
New law streamlines bureaucracy
Jul 01, 2004 ... Fan Xingliang, 50, had not taken an exam for almost three decades.But the governor of Huangyuan County in Northwest China's QinghaiProvince, took a test last week on the Law on AdministrativeLicensing. "The test paper was not that difficult since I had a month oftraining," Fan ...
Beijing's heritage status to be discussed
Jul 01, 2004; ... SUZHOU: Beijing's balance of development and heritage protectionwill hit the spotlight. The capital is among the World Heritage sites to be questioned bythe 28th session of World Heritage Committee. Kong Fanzhi, head of the Beijing Municipal Cultural Relics Bureau,said ...
Trademark protection tested by case
Jul 01, 2004; ... Peter Rabbit is at the centre of a lawsuit that may test thelongevity of trademark protection. Last year, the Chinese Academy of Social Sciences Press publishedfour Peter Rabbit books. In May 2003, shortly after publication, the Frederick Warne CoLtd filed a complaint ...
Beijing ready to talk with Taipei
Jul 01, 2004; ... Beijing said yesterday the mainland is ready to start talks on theestablishment of the "three links" across the Straits, as long asTaipei agrees not to internationalize these links. "If the Taiwan authorities do have the sincerity ... we welcomeauthorized civil groups or industrial ...
Viet Nam reports bird flu outbreak
Jul 01, 2004 ... HANOI: Viet Nam has been hit by a new flare-up of bird flu in thecountry's southern Mekong Delta region, officials said yesterday. The outbreak in the southern province of Bac Lieu has killed 3,400chickens and local officials there have culled the remaining 2,000infected chickens ...
New policies on capital outflow expected
Jul 01, 2004; ... New policies to stipulate more relaxed control of capital outfloware expected to be issued shortly as the next step in China's longmarch towards a fully convertible Chinese currency, according to theState Administration of Foreign Exchange. "With the new measures, China's capital ...
Golden finish for Liu at Zagreb Grand Prix
Jul 01, 2004 ... ZAGREB, Croatia: Rising Chinese athletics star Liu Xiang continuedto show he's the fastest 110-metre hurdler this season in easilywinning the Grand Prix race in Zagreb on Tuesday. Three false starts disqualified Redelen dos Santos of Brazil andDuane Ross of the United States from ...
Estee Lauder's grandson takes reins as CEO
Jul 01, 2004; ... William Lauder's plan to develop lower-price cosmetics for Kohl'sCorp had to overcome opposition from some Estee Lauder Cos executivesaccustomed to marketing to department stores such as Saks FifthAvenue. "There's always some selling to be done" for a new idea, Lauder,44, said in ...
Car venture planning big restructure
Jul 01, 2004; ... Geely, the parent firm of Hong Kong-listed Geely AutomobileHoldings Co, says it will make massive restructuring measures in itssales, service and purchasing networks, instead of price cuts, todeal with pressures from the cooling domestic car market. The privately-owned carmaker ...
Shenzhen's bold move bolsters farmers' rights
Jul 01, 2004; ... Rural residents of Shenzhen are suddenly the envy of theircountryside cousins in the rest of China. Earlier this week Shenzhen unveiled an ambitious urbanization planto re-register all residents of the special economic zone's ruraloutskirts as urban residents by the end of ...
Milestone events in Saddam's life
Jul 01, 2004 ... The following is a glance at the life of former Iraqi PresidentSaddam Hussein: April 28, 1937: Born in the village of Uja near the desert town ofTikrit, north of Baghdad. 1957: Joins underground Baath Socialist Party. October 7, 1959: Part of the Baath assassination ...
East
Jul 01, 2004 ... Depositing money into lost bankbook unwise An elderly woman in Yongfeng County, Jiangxi Province, found alost bankbook and deposited 150,000 yuan (US$18,000) into theaccount. But she was later denied the right to withdraw the money,reports Shanghai Evening Post. When Huang ...
Service industry to open wider, Zeng
Jul 01, 2004; ... Investors will soon be allowed much wider market access intoChina's dormant service industry. Vice-Premier Zeng Peiyan made the commitment yesterday to anaudience that included Microsoft's Bill Gates at the opening ceremonyof an international conference on the service industry ....
Paper-cut artist gets compensation
Jul 01, 2004; ... The State Postal Bureau has finally paid a Beijing folk artist88,000 yuan (US$10,600) in damages for copyright infringement. On Monday, the Beijing No 1 Intermediate People's Court enforced ajudgment that was handed down by the Beijing Higher People's Court inDecember last year ....
Japan's exploration decision protested
Jul 01, 2004; ... China yesterday expressed grave concern over Japan's unilateraldecision to explore a disputed area in the East China Sea. "China is deeply concerned about Japan's decision on this issue,"Foreign Ministry spokeswoman Zhang Qiyue said. It was reported that Japan will start ...
More tests needed to determine mad cow disease
Jul 01, 2004 ... WASHINGTON: The US Agriculture Department and the beef industryare awaiting additional tests to determine whether two animalssingled out in preliminary screening had mad cow disease. The department on Tuesday announced an "inconclusive" test resulton a second animal, indicating the ...
CSRC issues rules on investment funds
Jul 01, 2004; ... The China Securities Regulatory Commission (CSRC), China'ssecurities watchdog, issued two new rules yesterday to regulate salesand operation of securities investment funds. The rules, effective from today, are aimed at boosting the healthygrowth of the securities investment fund ...
Electronics giant targets youth market
Jul 01, 2004; ... WUHAN: Great input and four-year continuous efforts by Philips,the Netherlands electronics giant, in China's university soccerdevelopment have paid off. Nearly 50 per cent of college students nationwide know the Philips-sponsored China University Football League, which has become ...
Regulation paves way for more active market
Jul 01, 2004; ... Monday's establishment of the China Life Insurance AssetsManagement Co Ltd, the largest of its kind in the nation, was asignal it is only a matter of time before domestic insurers caninvest directly in the capital market. The State Council declared a nine-point strategy to ...
Cassini spacecraft on track to enter Saturn's orbit
Jul 01, 2004 ... PASADENA, United States: After nearly seven years of travel, theinternational Cassini spacecraft is finally within striking distanceof its heavenly destination: Saturn. The US-European spacecraft was due to enter Saturn's orbit lastnight to begin a four-year tour of the giant ...
West
Jul 01, 2004 ... Chinese medicine curesbed-wetting mother A 37-year-old woman who has been a long-term sufferer from bed-wetting was recently cured by traditional Chinese medicine, reportsXi'an Evening News. Wang, a mother of a 10-year-old, has suffered the bed-wettinghabit for decades ...
Cabinet OK's energy plan to 2020
Jul 01, 2004 ... A draft of China's medium- and long-term energy developmentprogramme, covering the period from 2004 to 2020, was approved inprinciple by the State Council at its executive meeting yesterday. In a release issued after the meeting, chaired by Premier WenJiabao, the State Council said ...
Client takes bank to court over loss
Jul 01, 2004; ... SHANGHAI: The Communications Bank's Shanghai branch is being askedto repay a customer more than 10,000 yuan (US$1,200), after the moneywas allegedly withdrawn form his account by a pair of thieves. Yesterday in the Shanghai No 2 Intermediate People's Court, Gu Junclaimed that he ...
New law gets unprecedented attention
Jul 01, 2004; ... The government has made unprecedented preparations for theenforcement of the Law on Administrative Licensing which comes intoforce today. "I have rarely seen any law receiving so much attention from thegovernment," said Yu An, a professor of administrative law with theSchool of ...
Cambodians sign coalition agreement
Jul 01, 2004 ... PHNOM PENH: Cambodia's fractious politicians ended 11 months ofdeadlock yesterday by signing a formal coalition agreement. Prime Minister Hun Sen, a former Khmer Rouge soldier who has runthe impoverished southeast Asian nation for nearly 20 years, and archrival Prince Norodom ...
Taxman catching up on overdue rebates
Jul 01, 2004; ... China will continue to improve its tax rebate system though recentrevisions ensured an efficient clearance of overdue rebates,according to a national tax and trade conference that endedyesterday. According to Xie Xuren, head of State Administration of Taxation,a total of 287.4 ...
EXCHANGE RATES (07/01/2004)
Jul 01, 2004 ... Following are the exchange rates for leading currencies againstthe dollar at 12:00 GMT on June 30: Euro US$ per Euro 1.21735 Britain US$ per Pound 1.81465 Australia US$ per A$ 0.69355 Switzerland Franc per US$ 1.2516 Norway Crown per US$ ...
'Catwoman' could return next year
Jul 01, 2004 ... LONDON: Serena Williams could wow the Wimbledon public next yearby reviving her skin-tight, all-in-one catsuit in white. The fledgling fashionista caused a stir in New York two years agowhen she appeared at the US Open wearing a shimmering short-legged,all-in-one, black ...
Vandals vent wrath on portrait of Beckham
Jul 01, 2004 ... LONDON: A photographic portrait of David Beckham was defaced onTuesday amid lingering frustration among England fans after theirteam was knocked out of the Euro 2004 tournament. Vandals used a red marker pen to scrawl the words, "You loosers"on the 1.5 metre high picture of ...
Wall Street poll shows Fed likely to raise rate to 1.25%
Jul 01, 2004; ... Federal Reserve policy makers have convinced most forecasters theywould lift their benchmark interest rate by a quarter-point to 1.25per cent yesterday and maintain a commitment to a "measured" pace ofrate increases to fight inflation. Twenty-two of Wall Street's 23 largest bond ...
Sony-Ericsson acquires local phone maker
Jul 01, 2004; ... Sony Ericsson Mobile Communications announced yesterday that it isto take control of Beijing Ericsson Putian Mobile Communications CoLtd (BMC), a joint-venture mobile phone manufacturing facility, byraising its share holding to 51 per cent. The acquisition has gained the nod from ...
World reserves of oil, gas in good shape
Jul 01, 2004; ... The world's proven reserves of oil are sufficient to last for 41years, and natural gas reserves for 67 years, at current rates ofproduction, according to a report by BP, the largest oil company inEurope. Proven reserves of coal are sufficient to last 192 years, withmost reserves ...
NATO presence in Iraq won't solve problems
Jul 01, 2004; ... At a two-day summit that ended on Tuesday in Istanbul, Turkey,members of the North Atlantic Treaty Organization (NATO) approved theIstanbul Co-operative Initiative. The NATO leaders agreed to work together with nations of thebroader Middle East to "fight terrorism, to control their ...
Central
Jul 01, 2004 ... Audience forced to pay for martial arts show A man performed martial arts on the street and then forced hisaudience to pay by threatening to hit people's fatal points, reportsChutian Jinbao. The man in his early 40s performed kung fu in a street in Wuhan inHubei Province on ...
Telemarketing scam cracked
Jul 01, 2004; ... SHANGHAI: Police busted a Taiwan gang suspected in a telemarketingscam and arrested 57 people. Since February, Taiwanese people were lured to Shanghai by thepromise of a job with a monthly salary of about 10,000 new Taiwandollars (about US$300). After their arrival, their ...
Sweltering heat hits Guangdong hard
Jul 01, 2004; ... GUANGZHOU: The mercury hit an all-time June high of 38.5 C inGuangzhou yesterday, according to an official at the GuangdongProvincial Observatory. The observatory has been issuing warnings since Tuesday, urgingresidents and tourists in the capital city of Guangdong Province ...
Saddam brought to Iraqi justice
Jul 01, 2004 ... BAGHDAD: Saddam Hussein appeared before an Iraqi judge yesterdayas Iraq's interim government took legal charge of the deposeddictator 15 months after US-led forces overthrew him. "Today at 10:15 am the Republic of Iraq assumed legal custody ofSaddam Hussein," interim Prime Minister ...
Israel ordered to re-route barrier
Jul 01, 2004 ... JERUSALEM: Israel must re-route part of its disputed West Bankbarrier, its High Court said yesterday in a ruling to preventPalestinians being cut off from their farms, schools and cities. A three-judge panel said its unanimous thumbs-down to a planned 30-kilometre segment of the ...
Cinda signs deal on bad loans
Jul 01, 2004; ... The Cinda Asset Management Co will buy 278.7 billion yuan (US$33.6billion) in non-performing loans from the Bank of China (BOC) and theChina Construction Bank (CCB), in a fresh move by the country'sfinancial sector to improve the health of the State banks, theEconomic Daily reported ...
IN BRIEF (Page: 12, Date: 07/01/2004)
Jul 01, 2004 ... Nestle sells plants Nestle SA, the world's largest foodmaker, is selling cocoa-beanprocessing facilities in Hamburg and York, England, to Cargill Inc,to concentrate on more profitable food sectors. The "definitive agreements" will probably be signed in early Julyand the ...
IN BRIEF (Page: 8, Date: 07/01/2004)
Jul 01, 2004 ... TOKYO PM wants diplomatic ties Prime Minister Junichiro Koizumi has said he will strive toresolve pending issues with Democratic People's Republic of Korea(DPRK) so Japan can forge diplomatic ties with the state before heleaves office. In an interview with Japanese ...
IN BRIEF (Page: 10, Date: 07/01/2004)
Jul 01, 2004 ... BEIJING T-bond to be issued The Ministry of Finance starts to issue 50 billion yuan (US$6billion) of certificate treasury bonds today. The bond issue facing the general public, includes a 35-billion-yuan (US$4.2 billion) tranche with a term of three years and anominal ...
IN BRIEF (Page: 2, Date: 07/01/2004)
Jul 01, 2004 ... BEIJING Wu meets Fijian PM Wu Bangguo, chairman of the Standing Committee of the NationalPeople's Congress, China's stop legislature, met with visiting FijianPrime Minister Laisenia Qarase yesterday. Wu proposed parliaments of the two countries increase contact ....
Ruling puts Johnson's gold medal in jeopardy
Jul 01, 2004 ... LONDON: Five-time Olympic champion Michael Johnson could lose hisfinal gold medal as a result of a Court of Arbitration for Sport(CAS) judgment released on Tuesday. The Lausanne-based body, the final court of appeal in sportsdisputes, ruled that world 400 metres champion Jerome ...
'Big Unit' gets big strikeout
Jul 01, 2004 ... NEW YORK: Randy Johnson recorded his 4,000th career strikeout in alosing cause as the struggling Arizona Diamondbacks went down 3-2 tothe San Diego Padres in the National League on Tuesday. The 41-year-old Johnson, whose 6-foot-10, 250-pound build earnedhim the nickname "Big Unit", ...
Nortel to sell plants in Canada, Brazil
Jul 01, 2004; ... Nortel Networks Corp, North America's biggest phone-gear maker,will sell the last of its factories to Flextronics International Ltdfor as much as US$725 million. The price for plants in Canada, Brazil, France and NorthernIreland is an increase from the US$500 million estimated when ...
Unilever seeks to extend its presence
Jul 01, 2004; ... SHANGHAI: Unilever aims to bolster its presence in China as it hasdecided to build in Shanghai a new headquarters building to directits operations in China. The international manufacturer of food, home care and personalcare products plans to move into the new building by mid 2006 ....
Market
Jul 01, 2004 ... SHANGHAI Petrochemical issues lose appeal China's shares closed down yesterday, ending a short-livedrebound, as big petrochemical stocks lost appeal amid a money squeezedue to official steps to curb runaway lending. The benchmark Shanghai composite index, grouping ...
Strengthening supervision
Jul 01, 2004 ... Stronger supervisory measures are required to bolster the anti-corruption effort, according to an article in Yanzhao MetropolisNews. An excerpt follows: Auditor-General Li Jinhua is in the media spotlight for exposingextensive misuse of public funds in his report to the ...
South
Jul 01, 2004 ... Senior citizens move to suburbsIt is nowadays a fashion for many old people in Guangzhou, thecapital of Guangdong Province, to rent out their houses downtown, andlive in suburban houses, reports Yangcheng Evening News. Most of these old people could not stand a lonely life ...
Nation to launch free trade talks with South Africa
Jul 01, 2004 ... PRETORIA: China and South Africa will launch Free Trade Agreement(FTA) negotiations after the latter recognized China's market economystatus. The two countries issued a joint communique on Tuesday following avisit by Chinese Vice-President Zeng Qinghong. The communique says ...
Urban road network upgrade for Guangzhou
Jul 01, 2004; ... GUANGZHOU: The Guangzhou municipal government plans to build a newring road and tackle traffic problems in the provincial capital'sbusiness district during its road network upgrade. The ring road will be built between the existing inner and outerring roads, primarily by upgrading ...
Let nature play its role
Jul 01, 2004 ... Measures should be taken to eliminate the gender imbalance ofnewborns, according to an article in People's Daily. An excerptfollows: The result of China's fifth national census, conducted in 2000,upset demographers because of the ratio imbalance between female andmale newborns ....
Media joint venture looks to future
Jul 01, 2004; ... GUANGZHOU: Domestic media companies have to improve their businessstrategies and increase their competitiveness if they want to surviveagainst foreign influences, according to one insider. The thought comes at a time when Hong Kong-based Sun Wah Media iscommitted to promoting ...
Time runs out on teen titans
Jul 01, 2004 ... LONDON: Wimbledon's teenage upstarts were upstaged by the stolidestablishment of women's tennis on Tuesday as the old guard stampedtheir mark on the championships. Defending champion and top seed Serena Williams and fellow formerworld No 1 Lindsay Davenport both swatted teenagers ...
Music is language to the ears
Jul 01, 2004 ... Ask any expatriate about the highs and lows of living in China,and there will always be a story starting: "I had this really amazingexperience ...." It happens to us all, and while some experiences are more amazingthan others, they are usually associated with communication, or ...
Czech victory would cap Poborsky's superb career
Jul 01, 2004 ... SINTRA, Portugal: The Czech Republic's players, young and oldalike, are determined to give Karel Poborsky the perfect retirementgift - a Euro 2004 winners' medal to go with his 100th internationalcap. But they can only achieve a date with destiny if they beat Greecein Thursday's ...
Japan's economy may move to US model
Jul 01, 2004; ... Japan's economy may be moving towards a US-style pattern ofconsumer-led growth, said Hideo Hayakawa, director-general at theBank of Japan's research and statistics department. "There might be a possibility that the Japanese economy is gettingcloser to a US model," Hayakawa said in ...
City needs sculpture that reflects its ethos
Jul 01, 2004; ... GUANGZHOU: The throngs of local residents taking in the 2004Guangzhou City Sculpture Invitation Exhibition are an indication oflocal people's interest in the development of sculpture in the city. More than 210 sculptural works by 12 Chinese sculptors from 10arts colleges and nine ...
Bayer to increase investment in China
Jul 01, 2004; ... SHANGHAI: Bayer MaterialScience AG is expected to invest US$1.8billion in China in the next two years to launch new projects forproduction of high-tech chemicals. "The figure is part of its global investment of US$3.6 billion by2006," said Juergen Raab, executive vice-president of ...
Seeking a stable energy supply
Jul 01, 2004; ... China is seeking multi- national oil companies like BP Europe'slargest to join its scheme to safeguard a long-term stable energysupply. A broader range of potential co-operation is under discussion,including having Chinese companies participate in the development ofBP's ...
Unifying the market
Jul 01, 2004 ... A unified domestic market should be established to boost thedevelopment of the country's market economy, according to an articlein Beijing News. An excerpt follows: The Ministry of Commerce, together with other seven departments,recently issued a circular to remove local economic ...