DPRK top leader Kim Jong Un guides rocket firing drill

Top leader of the Democratic People’s Republic of Korea (DPRK) Kim Jong Un on Saturday guided a rocket firing drill of the Strategic Force of the Korean People’s Army (KPA), one day ahead of the 61st anniversary of the signing of the Korean War Armistice Agreement, the official KCNA news agency reported. Kim examined the […]

Foreign investment to Shanghai up 10.9 percent in H1

Shanghai received 9.2 billion U.S. dollars of foreign investment in the first half of 2014, up 10.9 percent from a year earlier, the Shanghai municipal government said Thursday. About half of new foreign-invested projects went to the Shanghai Free Trade Zone. Twelve multinational corporations (MNCs), including Volvo, Zegna and Danone, have set up their regional […]

China considers traditional Chinese medicine legislation

China’s cabinet, the State Council, issued a draft on traditional Chinese medicine (TCM) legislation for public review on Thursday. China will establish a comprehensive TCM medical service system covering both urban and rural areas, the draft said. Local governments above the county level should set up TCM departments in public hospitals and promote TCM service […]

China calls for immediate ceasefire in Gaza

A Chinese envoy on Friday urged Israel and Palestine to immediately achieve a ceasefire, avoid any military ground operations and other actions that may lead to further escalation in the Gaza Strip. Liu Jieyi, China’s permanent representative to the United Nations, made the appeal at an emergency meeting of the Security Council on the situation […]

UN chief expresses “deep condolences” over Malaysian Airlines flight crash

UN Secretary-General Ban Ki- moon on Thursday expressed deep condolences over the crash of a Malaysian airlines flight, wherein all the 280 passengers and 15 crew members on board were feared killed, calling for a “full and transparent international investigation” into it. “With respect to the Malaysia Airlines disaster today in Ukraine, I am closely […]

Russia to increase defense spending amid new sanctions: PM

In light of fresh sanctions from the West, the Russian government will shift the focus of budget spending toward more generous support for the defense sector, Prime Minister Dmitry Medvedev said Thursday. “Pressure mounted on Russia would affect our budget policy, with more emphasis to be made on defense and security spending,” Interfax news agency […]

China contributes $41 bln to contingent reserve

The BRICS countries are a step closer to having a bigger say in the world’s financial system, after it announced the establishment of the BRICS New Development Bank. The BRICS economies have agreed to create the Contingent Reserve Arrangement, where each country’s central bank puts aside a designated amount of money to combat any potential […]

Xi Jinping: BRICS, S.American countries “rising power” in int’l structure

Chinese President Xi Jinping said on Wednesday that BRICS and South American countries, as emerging states and developing countries, constitute “the rising power” in the international structure. “We should jointly push the international order toward a fairer and more rational direction, maintain the rights of people’s self-choice for choosing social system and development path, strengthen […]