LONDON -- The Britain-China relationship will be "greater" this year after a "golden" year of 2015, Prime Minister David Cameron said on Monday.Cameron said this at a reception in his office attended by about 100 representatives from Britain and China to celebrate the Chinese Lunar New Year."If you want one year of prosperity, grow grain. If you want ten years of prosperity, grow trees. If you want a thousand years of prosperity, grow relationships between people and people," Cameron quoted a Chinese saying to describe the relations between China and Britain."...
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China’s foreign currency reserves plunged by 99.5bn dollars in January, the People’s Bank of China reported.China has been running down its vast foreign currency reserves in an attempt to boost the value of its own currency and stem a flow of funds overseas.At $3.23 trillion, China still has the world’s biggest reserve of foreign currency holdings. But that has declined by $420bn over six months and stands at the lowest level since May 2012."While the remaining reserves still represent a substantial war chest, the mathematics around this rapid pace of depletion in recent months is simply ...
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A Chinese-led investor group is buying the Chicago Stock Exchange, also known as CHX, to eventually list Chinese companies on it, and also may use CHX’s technology and model to start an equities exchange where it is based in China, according to the CEO and chairman of the 134-year-old bourse.John Kerin also told Reuters that under the new ownership, the exchange would have the funding for efforts like revamping its listings program."They like our strategy, and they want us to continue to execute on it," he said in an interview.The investor consortium led by Chongqing-based Casin Ente...
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Chinese scientists have managed to create searing plasma through heating hydrogen gas three times hotter than our Sun’s core in a controlled experiment in eastern China, paving the way for a migration from depleting natural reserves towards more stable, sustainable, and controllable energy resources.The experiment was conducted in the doughnut-shaped chamber of a magnetic fusion reactor last week at the Institute of Physical Science in Hefei, the capital of Anhui province, where nuclear scientists heated hydrogen up to a temperature of around 50 million degrees Celsius, the South China Morning...
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Shanghai’s 20-point strategy to attract leading talent into the scientific research and innovation sector, launched six months ago, is already paying dividends, according to municipal authorities.Ying Yong, deputy secretary of the CPC Shanghai Municipal Committee, said the incentives being offered have significantly increased the number and variety of professionals coming to work and live in the city.The policies include easing restrictions on permanent residency, reducing tax rates for start ups,offering space in specially built high-tech business parks, and a pilot program that provides supp...
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