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Get latest news from all over the world covering breaking news in Pakistan, world, business, sports, technology, entertainment, fashion, health and more.

Arhguz.blogspot.com

Get latest news from all over the world covering breaking news in Pakistan, world, business, sports, technology, entertainment, fashion, health and more.

Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

September 20, 2012

Oil falls in Asia

SINGAPORE: Oil prices fell in Asia on Thursday after data showed manufacturing activity in the world's largest energy consumer China contracting for the 11th straight month.

New York's main contract, light sweet crude for delivery in October slid 91 cents to $91.07 a barrel and Brent North Sea crude for November delivery fell 34 cents to $107.85.
Crude demand worries were stoked after British banking giant HSBC released data earlier Thursday showing China's manufacturing sector still stuck in a rut, said market strategist for IG Markets Singapore Justin Harper.
"The China data has pushed down commodities after HSBC's flash PMI showed contraction for another month," he told AFP.
"Oil has been on the receiving end of this negativity towards the Chinese economy and more evidence of its continued slowdown. China is a major consumer of oil and any slowdown in its economy worries traders about future demand."
The preliminary reading of the purchasing mangers' index (PMI) for China released by HSBC hit 47.8 this month, a mild improvement from a final reading of 47.6 in August, the bank said in a statement.
But the latest reading marked nearly a year of continuous contraction since November, underscoring broader economic weakness and shrinking demand in key overseas markets.
The index is closely watched as it gauges nationwide manufacturing activity, a key sector of the world's second-largest economy. A PMI reading above 50 indicates expansion, while anything below 50 points to contraction.
China's official PMI figure for August released earlier this month hit a nine-month low of 49.2.

AFP

September 4, 2012

Clinton faces China balancing act amid tensions and transitions

JAKARTA: U.S. Secretary of State Hillary Clinton has pledged to take a strong message to Beijing this week on the need to calm regional tensions over maritime disputes that have raised broader fears of military friction between the two major Pacific powers.
The last time Clinton visited Beijing, plans to highlight improving U.S.-China ties were derailed by a blind Chinese dissident whose dramatic flight to the U.S. embassy exposed the deeply uneasy relationship between Beijing and Washington.
This time, the irritants are disputes over tiny islets and craggy outcrops in oil- and gas-rich areas of the South and East China Seas that have set China against U.S. regional allies.
As Clinton prepares to travel back to Beijing on Tuesday, U.S. officials say the message is once again one of cooperation and partnership -- and an important chance to compare notes during a tricky year of political transition.
But the unease remains, sharpened by disputes in the South and East China Seas that have rattled nerves across the region and led to testy exchanges with Washington just as the Obama administration "pivots" to the Asia-Pacific region following years of military engagement in Iraq and Afghanistan.
Both governments, too, are preoccupied with politics at home, with the Obama administration fighting for re-election in November and China's ruling Communist Party preparing for a once-in-a-decade leadership change.
"WITHOUT COERCION"
In Jakarta on Monday, Clinton urged China and its Southeast Asian neighbors to move quickly on a code of conduct for the South China Sea and stressed that disputes should be resolved "without coercion, without intimidation, without threats and certainly without the use of force".
But progress has been thwarted in recent months by China's increasingly assertive posture in the region, which has included establishing a garrison on a disputed island and stepping up patrols of contested waters.
That suggests Beijing has no intention of backing down on its unilateral claim to sovereignty over a huge stretch of ocean and potentially equally large energy reserves.
Political analysts say Clinton faces a balancing act, pushing on the territorial disputes while keeping cooperation on track on other issues including reining in the North Korean and Iranian nuclear programs, the Syria crisis and economic disputes that have long bedeviled the two countries.
"One of the challenges before us is to demonstrate how we deal with areas in which we have different perceptions and where we face challenging issues on the ground, or in this case on the water," one senior U.S. official said.
Beijing, for its part, is likely to repeat its opposition to a multilateral approach during Clinton's visit.
Asked about the issue on Monday, Chinese Foreign Ministry spokesman Hong Lei told reporters that "countries outside the region should respect the choices of the countries concerned regarding the South China Sea issue".
Some Chinese media have been blunter still. The Global Times, a popular, nationalist tabloid, accused Clinton on Tuesday of "deeply intensifying mutual suspicion between China and the U.S."
"Many Chinese people dislike Hillary Clinton," it said in an editorial. "She has brought new and extremely profound mutual distrust between the mainstream societies of the two countries, and removing that will not be easy."
WHAT NEXT?
Clinton's meetings on Wednesday will include outgoing President Hu Jintao as well as Vice President Xi Jinping, the man who will likely succeed him as China's paramount leader following a Communist Party congress this year.
Xi visited the United States in February on a get-acquainted tour and U.S. officials expect him to be a steady-handed leader.
But concerns over China's fast-expanding influence and its belligerent tone in regional disputes have Washington scrambling to assess how Beijing's political stars are lining up.
China, too, has its concerns and has pushed back against U.S. attempts to referee the South China Sea dispute and insert itself into similar rows between China, Japan and South Korea over islands in the East China Sea.
While Washington has stressed that it takes no position on the competing claims and simply wants to see a mechanism established to resolve them, its forceful calls on China to play along have had a cool reception in Beijing.
Mark Valencia, a Hawaii-based expert on Asia-Pacific maritime disputes, said the recent exchanges left "no doubt that the U.S. is siding with ASEAN -- not necessarily saying that their claim is correct, but that the bases of their claims have more merit than those of China".
During Clinton's last China visit in April, dissident Chen Guangcheng stole the headlines with his made-for-TV escape from house arrest, flight to the U.S. embassy, and eventual decision to take a U.S.-brokered deal to travel to New York.
U.S. officials are hoping for no such surprises during Clinton's 24-hour visit in Beijing this week, saying this is a moment for stability, not stirring the waters.
"I think the secretary intends very clearly to underscore our continuing interest in maintaining a strong, positive relationship," the senior U.S. official said. – AGENCIES

August 31, 2012

Shanghai China from above


July 18, 2012

The largest umbrella in the world

 Gansu - China

July 17, 2012

Happy Magic Water Park, Beijing, China


July 15, 2012

Danxia Landform in Zhangye, China


A unique hotel concept in China


July 14, 2012

The Bridge of Immortals, HuangShan, China


May 17, 2012

The longest traffic jam in the world recorded in China.

Its length is 260 kilometers

May 9, 2012

Caiyuanba bridge in chongqing, China


April 11, 2012

Great Wall of China


April 4, 2012

March 19, 2012

Citylights Shining at Dawn Hong Kong, China


March 18, 2012

Great Wall of China


March 15, 2012

Great Wall of China


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