China

China’s export-import growth slips

China’s export-import growth slips

China suffered a minor setback in the growth of its exports and imports during July this year, newly revealed trade data showed. Some analysts warned that weaker import growth could be signaling a long-expected slowdown in the world’s second-biggest economy.

Raymond Yeung, chief economist for Greater China at Hong Kong-based ANZ, said, “External demand is not really worrying in terms of the outlook. But we have to be cautious about the import outlook.”

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Asian tech giants invest $2.5 billion in taxi-hailing service Grab

Asian tech giants invest $2.5 billion in taxi-hailing service Grab

Uber’s South East Asian competitor Grab has raised $2 billion (£1.5bn) from Japanese technology giant Softbank and its China-based equivalent Didi Chuxing.

Grab is expected to raise an additional amount of $500 million (£385m) from some other tech investors before the ongoing round of funding is closed, which would bring the total investment amount for the round to $2.5 billion (£1.9bn).

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China developing advanced lunar mission spacecraft

China developing advanced lunar mission spacecraft

Chinese scientists are working on an advanced new spaceship that would be capable of flying in low-Earth orbit as well as landing on the Moon, state media reported.

Zhang Bainan, the China Aerospace Science & Technology Cooperation’s chief designer of manned spacecraft, told reporters that the new spacecraft would be able to operate in both low orbit of Earth and Moon landing missions.

The Asian country lagged behind for nearly four decades in the field of first-generation manned spacecraft, but Zhang claimed that the country’s new spacecraft would be very competitive.

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Beijing police to combat toxic smog

Beijing police to combat toxic smog

Beijing authorities have confirmed that police officers have been assigned with the additional responsibility of looking for local sources of air pollution, including dusty roads and open-air barbeques.

Cai Qi, mayor of the city, has also promised to trim down consumption of coal by 30 per cent this year as part of the city efforts to cut air pollution, which has become a big issue in the national capital in the recent past.

Unfavorable weather conditions have played a major role in aggravating the issue of air pollution by preventing pollutants from dispersing.

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China’s space program aims to gain ‘strength and size’

China’s space program aims to gain ‘strength and size’

China has plans to expedite the development of its space program in the next five years and become the world’s first country to conduct a controlled landing of a probe on the far side of the Moon in 2018.

A senior official form the China National Space Administration said recently that the country wanted to develop “strength and size” in its space program to achieve its space exploration ambitions, which includes plans to launch a probe to Mars by 2020.

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China successfully tests EmDrive technology

China successfully tests EmDrive technologys

China has successfully tested the potentially revolutionary spacecraft technology EMDrive in its labs, Dr. Chen Yue, the Director of Commercial Satellite Technology for the China Academy of Space Technology (CAST), announced.

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Weird dinosaur species had teeth only in childhood: paleontologists discover

Weird dinosaur species had teeth only in childhood: paleontologists discover

A team of paleontologists claimed to have found a new dinosaur species that had pointy teeth in their childhood but had no teeth as adults.

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Global ‘environmental goods’ deal collapses

Global ‘environmental goods’ deal collapses

Nearly four dozen countries, including the United States, China and EU members failed to agree on “environmental goods” deal as china submitted impossible late demands at World Trade Organization (WTO) talks.

The two-day meeting of 46 countries at WTO involved a bid to hit a deal on decreasing tariffs on more than 200 environment-friendly goods worth $1 trillion in trade per annum. EU trade commissioner Cecilia Malmstrom called it crucial to show that trade and environment protection can go hand in hand.

Global warming isn’t hoax: Chinese minister says

Global warming isn’t hoax: Chinese minister says

The notion of global warming is not a hoax as suggested by president-elect Donald Trump, China’s Vice Foreign Minister Liu Zhenmin argued.

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Chinese construction workers inadvertently unearth new dinosaur species

Chinese construction workers inadvertently unearth new dinosaur species

Construction workers at a high school in southern China inadvertently unearthed a well-preserved skeleton of a dinosaur that roamed the region nearly 66–72 million years ago, University of Edinburgh paleontologists reported.

The skeleton, which came to light when workers used dynamite to break bedrock to prepare ground for constructing a building at the school, has been poetically named Tongtianlong limosus, which means “muddy dragon on the road to heaven.”

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