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North Korea says will take 'positive steps' for peace

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BEIJING - A North Korean envoy told China's president on Friday that his reclusive country was willing to take "positive actions" to ensure peace and stability on the Korean peninsula, as China steps up diplomatic efforts to bring Pyongyang back to talks.

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North Korea says will take 'positive steps' for peace

BEIJING - A North Korean envoy told China's president on Friday that his reclusive country was willing to take "positive actions" to ensure peace and stability on the Korean peninsula, as China steps up diplomatic efforts to bring Pyongyang back to talks.

World, United Nations, North Korea 7:07am EDT

Exclusive: China urbanization plan hits roadblock over spending fears - sources

BEIJING - China's plan to spend $6.5 trillion on urbanization to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending binge could push up local debt levels and inflate a property bubble.

World, 23 May 2013

North Korea says willing to take China's advice to start talks

BEIJING - North Korea is willing to take China's advice and enter into talks, Chinese state television cited an envoy of North Korean leader Kim Jong-un as saying, following weeks of tension on the Korean peninsula after the North's latest nuclear test.

World, North Korea 23 May 2013

China plans tougher quality standards for coal to tackle pollution

SHANGHAI - China may impose higher quality standards for imported and locally traded coal to cut air pollution, two sources said, in a move that could slash imports while boosting the fortunes of a faltering domestic industry.

Environment, 23 May 2013

China factory activity shrinks for first time in seven months: flash PMI

BEIJING - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be imminent. | Video

23 May 2013

Japan's wartime brothels were wrong, says 91-year-old veteran

SAGAMIHARA, Japan - When Masayoshi Matsumoto joined the Japanese army in 1943 and was sent to occupied China as a medic, he thought he was taking part in a righteous war to free Asia from the yoke of Western imperialism.

World, Japan 22 May 2013

China milk powder firms court foreign cachet for domestic gains

SHANGHAI - The rolling green hills and gurgling blonde toddlers in the ads for Yashili International Holdings Ltd underscore how keen China's biggest milk powder producers are to appear global to emerge from the shadow of a fatal baby formula scandal.

World, 22 May 2013

In China, food scares put Mao's self-sufficiency goal at risk

BEIJING - The discovery of dangerous levels of toxic cadmium in rice sold in the southern city of Guangzhou, the latest in a series of food scandals, has piled more pressure on China to clean up its food chain - possibly at the expense of Mao Zedong's cherished goal of self-sufficiency.

Environment, 22 May 2013

Fisker fields $20 million offer from Bob Lutz, Wanxiang: sources

DETROIT/TOKYO - A team including former General Motors Co executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half ago.

Inflows Outflows, Deals, Global Deals Review: 2011 Q3, Global Deals Review: 2011 Q2, Global Deals Review, 22 May 2013

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Global News Journal

Ethiopia and Eritrea: An elusive peace on the cards?

Ethiopia and Eritrea are still at each others’ throats. The two neighbours fought hammer and tongs in sun-baked trenches during a two-year war over a decade ago, before a peace deal ended their World War I-style conflict in 2000. Furious veRed Sea, UNrbal battles, however, have continued to this day.

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