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Girish Shetti

China Expands Underground Space Lab to Inspect Elements in Universe

Mar 07, 2016 09:48 AM EST

The Jinping Underground Laboratory, located in Sichuan province, has been extended with another underground space, Xinhua news agency reported.

China's Economy Will not Experience 'Hard Landing', Says top Economic Planner

Girish Shetti |

Mar 07, 2016 08:11 AM EST

China's top economic planner on Sunday voiced assurance that the country's economy is not heading for hard landing or tough times. However, he admitted that uncertainty in the global economy poses a huge challenge to the country's economic pursuits.

‘The Mermaid’ Becomes First Chinese Movie to Gross $500 Million

Girish Shetti |

Mar 06, 2016 09:07 AM EST

Stephen Chow's The Mermaid achieved a new milestone on Saturday by becoming first ever Chinese movie to gross $500 million at the country's box office.

U.S. Commerce Department Penalizes ZTE Corp for Iran Export Volition

Girish Shetti |

Mar 06, 2016 08:38 AM EST

Chinese telecom company ZTE Corp has been penalized with export restrictions by the U.S. Commerce Department for allegedly violating America's export controls on Iran.

Legendary Chinese Opera Singer Zhou Xiaoyan Passes Away at 98

Girish Shetti |

Mar 05, 2016 05:09 PM EST

China's legendary opera singer and renowned music professor Zhou Xiaoyan has passed away on Friday at age 98, after a long battle with cancer.

China to Construct Second Railway Line to Tibet

Girish Shetti |

Mar 05, 2016 04:09 PM EST

China plans to build a second railway line to Tibet, connecting the Tibetan capital city Lhasa with the south-western city of Chengdu.

China Slashes Growth Target Amid Economic Slowdown

Girish Shetti |

Mar 05, 2016 02:15 AM EST

In a definitive sign that the world's second largest economy is slowing down, China has slashed its growth target for 2016 to between 6.5 and 7 percent - down from 7 percent.

Adidas Plans to Open 3000 More Stores in China by 2020

Girish Shetti |

Mar 04, 2016 09:59 AM EST

German Sportswear giant Adidas is undeterred by ongoing slowdown in the Chinese economy as it plans to open 3000 more stores in China by 2020. The expansion plan will increase the number of Adidas stores in China from 9,000 to 12,000.

Decoding the US Box Office Success of Stephen Chow's 'The Mermaid'

Girish Shetti |

Mar 03, 2016 04:07 PM EST

The odds were stacked firmly against Stephen Chow's The Mermaid when it was released in the US a little over two weeks ago. With only 34 U.S. theatres set to play the movie, the writing on the wall looked pretty gloomy for The Mermaid.

China Plans to Launch First Floating Nuclear Power Plant by 2019

Girish Shetti |

Mar 03, 2016 02:17 PM EST

China is planning to commence the construction of the country's first floating nuclear power plant by end of this year. The power plant will reportedly be used to support offshore oil and gas drilling at specific sites.

Ghost Marriages Make Return in Rural China

Girish Shetti |

Mar 03, 2016 09:28 AM EST

It will sound absurd to many, but in China even a dead bachelor stands a pretty good chance of getting hitched. This is what the bizarre Chinese custom of 'ghost marriage' aims for: marrying off female corpses to men who die single.

Moody's Downgrades China’s Economic Outlook to Negative

Girish Shetti |

Mar 02, 2016 06:41 PM EST

US ratings agency Moody's has downgraded its economic outlook for China from 'stable'" to 'negative', highlighting that Beijing's struggle to turn the tides on its recent economic slowdown may be a long one.

Court in China Sentences 24 People for $1.5 Billion Financial Scam

Girish Shetti |

Mar 02, 2016 01:20 PM EST

A court in China's Guangdong Province has sentenced 24 people to jail for duping investors of more than 9.9bn Yuan ($1.5bn), according to state news agency Xinhua.

China's Box Office Outshines U.S. Box Office in February

Girish Shetti |

Mar 02, 2016 11:35 AM EST

Buoyed by the Chinese New Year Holidays, China's box office achieved a milestone in February as it surpassed North American box office numbers.

Knifeman Attack 10 Children at Chinese Primary School

Girish Shetti |

Mar 01, 2016 09:13 AM EST

A mysterious knifeman slashed 10 children outside a primary school before killing himself in southern city of Haikou, the local police announced. The shocking incident took place on Monday afternoon.

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