China Economic ReviewVolvo Car Corp, the Swedish unit of Ford Motor Co, aims to double its market share in China from 3% to 6% by selling 20,000 vehicles annually over the next five to six years, a near sevenfold increase over the 3,000 vehicles sold last year, Ong Eng Seong, president of Volvo Car China, told China […]
Beijing called on new Pope Benedict XVI to sever ties with Taiwan and keep out of China's internal affairs to pave the way for improving Sino-Vatican relations, Agence France-Presse reported, citing foreign ministry spokesman Qin Gang. Sino-Vatican ties broke in 1951 when China expelled the Vatican's ambassador. Although China does not recognize the Pope's authority, […]
Beijing is prepared to open its markets to Taiwan in an arrangement similar to the Closer Economic Partnership Arrangement (Cepa) it struck with Hong Kong and Macau in 2003, the South China Post reported, citing "informed sources". The Post said the decision was based on a recent study by a taskforce led by Vice-Premier Wu […]
A Chinese court sentenced an American to two and a half years in prison for selling pirated DVDs, after US and Chinese authorities traced a global counterfeit-movie ring to his Shanghai home. Randolph Hobson Guthrie III was also ordered to pay a US$60,500 fine and faced deportation on completing sentence, which he has 10 days […]
The Tokyo High Court yesterday rejected an appeal by 10 Chinese who demanded compensation for sufferings inflicted by the Japanese during World War II, state media reported. The appeal was filed after a previous ruling denied compensation to the plaintiffs who first filed suit in 1995. Meanwhile, at the suggestion of UN Secretary-General Kofi Annan, […]