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Marcel Woo

China Still Sees Russia As A Major World Power

Aug 04, 2016 04:12 AM EDT

Russia might be facing difficulty due to economic sanctions imposed by some western countries but China continues to see it as a major and influential world power.

More Than Half of China's Population Uses Internet

Marcel Woo |

Aug 04, 2016 03:31 AM EDT

The number of Internet users in China has reached about 710 million as of June this year, accounting for about 51.7 percent of the country's total population, according to the China Internet Network Information Center (CNNIC).

Rio Olympics: Brazil Defeats China 3-0 in Women's Football

Marcel Woo |

Aug 03, 2016 10:48 PM EDT

The Chinese women's football team for the Rio Olympics suffered its first defeat even before the Olympics has officially started, losing 3-0 against the more dominant and more experienced Brazilian team.

Chinese Firms Sit on US$1.2 Trillion Cash Pile

Marcel Woo |

Aug 03, 2016 10:27 PM EDT

With China's problem on weak economic expansion, Chinese companies are facing lesser investment opportunities resulting to an increase by 18 percent of cash holdings.

Typhoon Nida Displaces 500,000 People in South China

Marcel Woo |

Aug 03, 2016 10:31 AM EDT

Nearly 500,000 people were forced to evacuate as Typhoon Nida batters South China early Tuesday morning, the country's Ministry of Civil Affairs (MCA) said Wednesday.

Defective Sunroofs Trigger Volkswagen Recall in China

Marcel Woo |

Aug 03, 2016 10:09 AM EDT

German carmaker Volkswagen is recalling 224 vehicles in China to check on their defective sunroofs, according to the General Administration of Quality Supervision, Inspection and Quarantine.

Int'l Tribunal's Ruling on S. China Sea Has No Legal Basis - Ambassador

Marcel Woo |

Aug 02, 2016 04:35 AM EDT

Chinese Ambassador to Russia Li Hui claimed that the ruling made by the ad hoc arbitral tribunal in The Hague on the claim of the Philippines in the South China Sea has no legal basis.

Smarphone Apps Users in China Required to Use Real Names

Marcel Woo |

Aug 02, 2016 01:45 AM EDT

Starting today, smartphone app providers in China are required to follow new regulations issued by the Cyberspace Administration to safeguard the personal information of consumers.

China to Grant More Private Banking Permits

Marcel Woo |

Aug 02, 2016 01:22 AM EDT

The Chinese government is set to grant more banking licenses to those who want to operate banks in the country, after initially awarding five private banks with licenses last year.

10,000 Chinese Private Wealth Managers Shut Down in 6 Months

Marcel Woo |

Aug 01, 2016 09:14 AM EDT

New regulations in China's fund management industry have resulted to the shutting down of at least 10,000 private wealth management firms in the country in the past six months.

Typhoon Nida Nears China

Marcel Woo |

Jul 31, 2016 10:45 AM EDT

The Chinese government has issued a yellow alert, warning residents of gales and torrential rain especially in coastal areas, as typhoon Nida heads to the country.

3,000-Year-Old Chinese Yew Tree Discovered in Jilin

Marcel Woo |

Jul 31, 2016 09:15 AM EDT

Chinese researchers discovered what they believed is the oldest Chinese yew tree in existence - a tree that is more than 3,000 years old, according to the official Xinhua news agency.

China's Insurance Industry Posts 54% Profit Decline in H1

Marcel Woo |

Jul 31, 2016 08:58 AM EDT

Unfavorable returns on investments pushed China's insurance industry to 54 percent earnings slide for the first six months of the year, according to the China Insurance Regulatory Commission (CIRC).

Bus Accident Kills 26 in China

Marcel Woo |

Jul 02, 2016 09:57 AM EDT

A long-distance coach carrying 30 people crashed through a highway guard rail and plunged into a canal near the northern port city of Tianjin, killing 26 people onboard.

China Issues Orange Alert, Warns of Geological Disasters

Marcel Woo |

Jul 02, 2016 05:42 AM EDT

Heavy rain in China's southern and western regions showed little signs of abating, prompting the country's weather expert to issue a warning on possible geological disasters.