new 5 us: China

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10/2/11

Canadian Embassy China

Canadian Embassy - Beijing
19 Dongzhimenwai Dajie
Chao Yang District
Beijing 100600
People's Republic of China
Tel: 86 (10) 5139-4000
Fax: 86 (10) 5139-4448 Canadian Consulate - Chongqing
Metropolitan Tower, Suite 1705
Wu Yi Lu, Yu Zhong District
Chongqing 400010
People's Republic of China
Tel: 86 (23) 6373-8007
Fax: 86 (23) 6373-8026 Canadian Consulate General - Guangzhou
China Hotel Office Tower, Suite 801
Liu Hua Lu
Guangzhou 510015
People's Republic of China
Tel: 86 (20) 8666-0569
Fax: 86 (20) 8667-2401 Canadian Consulate General - Hong Kong
11-14th Floors
One Exchange Square Central
Hong Kong SAR
People's Republic of China
Tel: (852) 3719 4700
Fax: (852) 2810 6736
Canadian Consulate General - Shanghai
American International Center
West Tower, Suite 604
1376 Nanjing Road (West)
Shanghai 200040
People's Republic of China
Tel: 86 (21) 6279-8400
Fax: 86 (21) 6279-8401

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9/2/11

Canadian Embassy China

View the original article here

7/31/11

41 feared dead in China bus fire

Chinese police investigate the burnt wreckage of a double-decker bus on Friday.The number of fatalities is an initial reportSix people including the driver are rescued and hospitalized

Beijing (CNN) -- Forty-one passengers are feared dead in a bus fire in central China, state media reported Friday.

Six people including the driver were rescued and hospitalized, Sun Jun, deputy director of the local government information office, told CNN.

The number of fatalities is an initial report, according to state-run CCTV.

"The fire was so big that some bodies were burned beyond recognition -- and the death toll is being tallied," Sun said.

It was unclear what caused the fire and an investigation is under way.

The bus was on a highway in Xinyang city in Henan province.

CNN's Eve Bower and Haolan Hong contributed to this report.

Quoting : CNN.com

7/30/11

IMF urges China to strengthen yuan

NEW YORK (CNNMoney) -- China's economy is growing rapidly, but the International Monetary Fund believes it could be doing so on stronger footing, if the government were to loosen its tight grip on its currency.

"A stronger renminbi would increase household income, boost consumption, make China's manufacturing products more affordable for the Chinese people, and help build a stronger service economy," economist Nigel Chalk, the IMF's mission chief for China, said in a statement.

That statement comes as United States officials have long urged China to allow its currency the renminbi -- or yuan -- to appreciate more rapidly. Between 2008 and 2010, China had pegged the yuan to the dollar, keeping its value artificially low.

U.S. officials claim that China continues to manipulate the yuan, giving Chinese exporters an unfair advantage that has created global trade imbalances.

Over the past year, the currency has appreciated 5.5% against the weakening U.S. dollar. Once economists take China's rapid inflation into account though, the yuan has actually depreciated, the IMF said.

A stronger yuan that floats more freely against international currencies could help China lessen imbalances in its economy, including high inflation, the report said.

Rapidly rising food prices, a possible real estate bubble and a decline in credit quality are all potential risks that could impede China's rapid growth, it said.

Nevertheless, the IMF expects China's gross domestic product to grow 9.6% this year and 9.5% in 2012.

In contrast, growth in the U.S. is forecast to pick up only 2.5% in 2011 and 2.8% in 2012.

Chinese authorities disagreed with the IMF's currency recommendations, the report said.

Quoting : CNN

10/2/11

Canadian Embassy China

9/2/11

Canadian Embassy China

7/31/11

41 feared dead in China bus fire

7/30/11

IMF urges China to strengthen yuan

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