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Marcel Woo

China's Foreign Debt Hits US$863 Billion

Mar 31, 2014 08:03 AM EDT

The State Administration of Foreign Exchange (SAFE) said China's outstanding external debt, or foreign debt, reached US$863.2 billion at the end of 2013.

Malaysia Says Ties with China Remain Solid

Marcel Woo |

Mar 30, 2014 09:40 PM EDT

Despite the growing dissatisfaction among Chinese people over Malaysia's handling of the Malaysia Airlines MH370 investigation, Malaysia continues to believe that its ties with China continue to be solid.

Landslide Kills 6 Miners in Jianxi

Marcel Woo |

Mar 30, 2014 09:37 PM EDT

Six mine workers were killed while another one was still missing as of press time when a landslide hit a quarry Saturday afternoon (China time) in Jiangxi Province, local officials said.

Hyatt Eyes Two New Brands in China

Marcel Woo |

Mar 30, 2014 07:48 AM EDT

American hotels operator Hyatt Hotels Corporation said it will launch two more hotels in the country this year even if its first hotel in China has not officially opened yet.

China Consumes Higher Natural Gas in Feb

Marcel Woo |

Mar 30, 2014 07:46 AM EDT

China's National Development and Reform Commission (NDRC) said the country consumed a total of 14.9 billion cubic meters of natural gas last month, a 10 percent rise from the same period last year.

China's Fujian Relaxes One-Child Policy

Marcel Woo |

Mar 30, 2014 06:44 AM EDT

The Standing Committee of the Fujian Provincial People's Congress has passed an amendment to the family planning regulations, allowing parents to have a second child.

7 Chinese Vessels Coordinate Search in Perth

Marcel Woo |

Mar 30, 2014 06:41 AM EDT

China continues its search operation for the missing Malaysia Airlines Flight MH370 with seven Chinese vessels on Sunday convening in the waters of Perth, Australia to conduct a more coordinated search.

Tencent To Buy US$500-Million Stake in South Korea's CJ Games

Marcel Woo |

Mar 30, 2014 06:03 AM EDT

China's Internet giant Tencent Holdings Limited has recently announced plans to buy 28 percent stake in South Korea's online and mobile games developer CJ Games Corp.

ICBC Beats Forecast with US$42.3-Billion Profit

Marcel Woo |

Mar 29, 2014 11:49 AM EDT

The Industrial and Commercial Bank of China (ICBC), the largest bank by total assets and one of China's four major banks, beat a lower growth prediction by announcing a net profit of 263 billion yuan (US$42.3 billion) in 2013.

China Confirms 3 More Human H7N9 Cases

Marcel Woo |

Mar 29, 2014 11:47 AM EDT

China's health authorities confirmed on Saturday three more cases of human H7N9 bird flu infection in three different provinces.

New Policies For Palace Museum Set

Marcel Woo |

Mar 29, 2014 11:45 AM EDT

Several policies and rules will be implemented at Beijing's Palace Museum, also known as "The Forbidden City" by foreign tourists, in order to address overcrowding and ticket scalping.

Only 20% of Shanghai's Graduating Students Secure Jobs

Marcel Woo |

Mar 29, 2014 11:42 AM EDT

The Shanghai Education Commission (SEC) said only around 20 percent of the city's 178,000 college students who are expected to graduate this June have secured job or enrolled for further studies.

Fund for Aging Parents Launched in China

Marcel Woo |

Mar 29, 2014 07:59 AM EDT

The Chinese government announced that it has launched the first government-sponsored fund that aims to provide assistance to "shidu" elderly.

Anhui Bans Medicating Children

Marcel Woo |

Mar 29, 2014 07:58 AM EDT

Following the recent controversies that involved kindergarten schools in China giving antiviral drugs to children even without proper approval, the country's Anhui province has officially banned the practice to safeguard kids.