The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar. The new bank will provide money for infrastructure and development projects in BRICS countries, and unlike the IMF or World Bank, each nation has... 

​Russia and China are set to sign a long-awaited 30-year gas contract during a two-day meeting, when Russian President Vladimir Putin visits Shanghai on May 20-21. Gazprom, Russia’s largest natural gas producer, and China National Petroleum Corporation (CNPC) are set to sign a gas deal that will send 38 billion cubic meters of natural gas a year eastward to China’s burgeoning economy, starting... 

Highways were closed in Beijing as the Chinese capital was covered by thick smog engulfing skyscrapers. Pollution readings reached threatening levels of more than two dozen times the level considered safe. The spike in air pollution began Wednesday afternoon and continued overnight, Xinhua reported, citing Beijing’s Municipal Environment Protection Department. It is expected to last until Friday... 

Chickens are seen in a farm in Zouping, east China’s Shandong Province, April 1, 2013. China has closed Shanghai’s live poultry markets as more birds are being culled to prevent the spread of a new bird flu virus. The live poultry markets in the Chinese city of Shanghai were shut down after authorities banned the trading of birds to prevent the spread of the H7N9 bird flu, which has claimed... 

A shocking report prepared by Health Minister Dr. Veronika Skvortsova for President Putin that is circulating in the Kremlin today states that a Peoples Republic of China genetic test “backfired” and has, instead, caused a catastrophic situation to occur in Anhui Province wherein nearly 5 million swine have died during the past fortnight. According to this report, Russian health officials became... 

Nearly 3,000 dead pigs have been fished out of the Huangpu River in China – a source of drinking water for millions of Shanghai residents. The number is likely to increase as the operation progresses. It is remains unknown who dumped the carcasses into the Huangpu River or what the cause of their death may have been. One possibility is that the pigs were discarded into the waters by some farmer... 

Security experts in the United States claim that a 12-story office building outside of Shanghai is the headquarters of a sophisticated hacking unit within the Chinese military established to attack computer networks in America and elsewhere. According to a report published Tuesday morning by a Northern Virginia-based information security company, an elusive squadron of Chinese cyberwarriors operating... 

The skyscraper 838 meters tall is to be built in China. It will be not only the highest skyscraper in the world, but also a massive construction built in a record time. The project is being implemented by BROAD Sustainable Building (BSB), which is known for its buildings in the sky. BSB has recently built a 30-storey hotel in 15 days. This time, the company has decided to build a skyscraper in just... 

Devastation: The shattered remains of the truck, and another behind it, show the force of the impact when they hit the ground China’s economy is continuing to grow at breakneck speed but – as these pictures show – the giant nation’s infrastructure is quite literally buckling under the strain. At least three people were killed and five injured when this motorway bridge in Heilongjiang... 

A group of protesters overturn a car near the local government office compound in the coastal city of Qidong, near Shanghai, in the eastern China province of Jiangsu on July 28, 2012. China’s government has bowed down to public pressure and abandoned an unpopular industrial waste pipeline project, just hours after a street protest against it, which turned violent. China’s coastal city of Qidong... 

Over 50 Chinese cities are sinking into the ground because of the continuous subsidence of the soil. The excessive consumption of ground water is to blame. As its result, under many Chinese cities, including Beijing, the world’s largest underground funnels have formed. But there are other environmental problems in the country. In China lakes are evaporating, rivers are drying out, 75 percent... 

Hong Kong, China In 2011, China is to build 200 skyscrapers. The homeland of high-rise buildings – the United States of America – has 200 skyscrapers today. For the time being, the quantity of such buildings in China and in the States is identical. However, during the upcoming three years, China will take advantage of its overseas competitor. A new skyscraper will be appearing in China... 

Shipping containers pile up at a new container port in Wuhan, China on March 27. After three decades of spectacular growth, China passed Japan in the second quarter to become the world’s second-largest economy behind the United States, according to government figures released early Monday. The milestone, though anticipated for some time, is the most striking evidence yet that China’s ascendance... 

For millions of unemployed Americans, the news about China’s surging export market isn’t necessarily cause for celebration, even if it might be a harbinger for global recovery. Chinese exports surged 50% in May from a year earlier, easily trouncing expectations for a 32% increase, according to a Reuters report citing a leaked statement from a Chinese official. This information is an... 

President Barack Obama greets Chinese President Hu Jintao during the official arrivals for the Nuclear Security Summit in Washington, Monday April 12. Here’s also a photo from Yahoo.com where humble Obama bows again to someone.  Read More »