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    China to keep closer eye on military spending: XinhuaChina intends to improve efficiency in military spending through tighter monitoring of how funds are used, state media reported Sunday. Under the new "results-based management system" set to be fully operational by 2020, individuals and military units will be held accountable for inefficiency, the state-run Xinhua news agency said. It cited what it described as a "circular approved by the ...

    China's top diplomat to visit Vietnam again amid sea disputeBEIJING (Reuters) - China's top diplomat will visit Vietnam next week, China said on Friday, five months after he last visited during a period of tension over a Chinese oil drilling rig working in part of the South China Sea both countries claim. State Councillor Yang Jiechi, who outranks the foreign minister, will arrive in Vietnam on Monday for meetings with Vietnam Foreign Minister Pham Binh ...

    China, 20 other countries initiate new Asian bankBEIJING (AP) Twenty-one Asian nations have signed on to a China-driven initiative to create a new development bank for Asia that's aimed at boosting infrastructure investment of all kinds. Beijing sees that as a way to raise its international standing, but Washington opposes the move as an unnecessary and potentially damaging rival to established institutions such as the World Bank.

    China and 20 other countries sign up to regional bankChina and 20 other countries moved forward on Friday towards setting up an Asian infrastructure lender seen as a counterweight to Western-backed international development banks. The signatories put their names to a memorandum of understanding to establish the Asian Infrastructure Investment Bank (AIIB) at a ceremony in the Great Hall of the People in Beijing. The institution, whose development ...

    China's auto market growth may halve to 7 percent this year: industry body headSHANGHAI (Reuters) - Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. "Personally, I think growth this year can reach 7 percent," Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), told reporters on the sidelines of an industry conference ...

    China to offer $82 million in fourth round of Ebola aidBEIJING (Reuters) - China said on Friday it would donate 500 million yuan ($82 million) to Liberia, Sierra Leone and Guinea to battle Ebola, its largest round of aid to help contain the spread of the deadly virus. This was the fourth round of Chinese aid against Ebola, the highly infectious hemorrhagic fever that has killed more than 4,800 people since its worst epidemic on record began earlier ...

    China launches experimental moon orbiterBEIJING (AP) China launched an experimental spacecraft on Friday to fly around the moon and back to Earth in preparation for the country's first unmanned return trip to the lunar surface.

    China Scores Cheap Oil 14,000 Miles Away as Glut DeepensPetroChina Co. said it bought Colombian crude for a northern refinery for the first time because it was good value. The transaction underscores how the world's second-biggest oil consumer is benefiting as producers from the Middle East to Latin America vie for customers in Asia. China consumed the second-biggest amount of crude on record in September and imported the largest volume ever for that ...

    Will China be next to send man to the moon?China launched a moon orbiter early Friday in preparation for a 2017 mission to collect samples from the lunar surface, but the country's space program would have to combine its lunar exploration and human spaceflight components before executing a manned mission to the moon.

    China says U.N. rights covenant no measure for Hong Kong reformBEIJING (Reuters) - China rebuffed a U.N. call for full political rights for Hong Kong on Friday, saying that an international covenant on such rights was not a "measure for reform" in the Chinese-ruled territory. The U.N. Human Rights Committee on Thursday said residents in the former British colony, now a "special administrative region" of China with wide-ranging autonomy, should have the ...


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