Tag Archives: Lunar New Year

AP NewsBreak: China jails Nobel winner's relative

The brother-in-law of China‘s jailed Nobel Peace Prize winner Liu Xiaobo is under arrest on fraud charges in an apparent effort to put more pressure on the family.

A lawyer for the Liu family said this week that police detained Liu Hui in late January, just before the Lunar New Year, and he was indicted two weeks ago. The lawyer, Mo Shaoping, says the charges stem from a disputed real estate deal and are unwarranted.

The jailing of Liu Hui is the latest blow to the family and especially his sister, Liu Xia. She has been separated from her husband, democracy campaigner Liu Xiaobo, since his arrest in 2008, and she has lived under house arrest since he was awarded the Nobel prize two-and-a-half years ago.

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Source: FULL ARTICLE at Fox World News

2,800 pigs dumped in Shanghai river raises health concerns

A surge in the dumping of dead pigs upstream from Shanghai — with more than 2,800 carcasses floating into the financial hub through Monday — has followed a police campaign to curb the illicit trade in sick pig parts.

The effort to keep infected pork off dinner tables may be fueling new health fears, as Shanghai residents and local media fret over the possibility of contamination to the city’s water supply, though authorities say no contamination has been detected.

Authorities have been pulling out the swollen and rotting pigs, some with their internal organs visible, since Friday — and revolting images of the carcasses in news reports and online blogs have raised public ire against local officials.

“Well, since there supposedly is no problem in drinking this water, please forward this message, if you agree, to ask Shanghai’s party secretary, mayor and water authority leaders if they will be the first ones to drink this meat soup?” lawyer Gan Yuanchun said on his verified microblog.

On Monday, Shanghai officials said the number of dumped adult and piglet carcasses retrieved had reached 2,813. The city government, citing monitoring authorities, said the drinking water quality has not been affected.

Shanghai’s Agriculture Committee said authorities don’t know what caused the pigs to die, but that they have detected a sometimes-fatal pig disease in at least one of the carcasses. The disease is associated with the porcine circovirus, which is widespread in pigs but doesn’t affect humans or other livestock.

Shanghai’s city government said initial investigations had found the dead pigs had come from Jiaxing city in neighboring Zhejiang province. It said it had not found any major epidemic.

Huang Beibei, a lifetime resident of Shanghai, was the first to expose the problem when he took photos of the carcasses and uploaded them onto his microblog on Thursday.

“This is the water we are drinking,” Huang wrote. “What is the government doing to address this?”

His graphic photos apparently caught the attention of local reporters, who followed up.

Huang said he’s most concerned about water safety. “Though the government says the water is safe, at least I do not believe it — given the number of the pigs in the river. These pigs have died from disease,” Huang said.

The dumping follows a clampdown on the illegal trade in contaminated pork.

In China, pigs that have died from disease should be either incinerated or buried, but some unscrupulous farmers and animal control officials have sold problematic carcasses to slaughterhouses. The pork harvested from such carcasses has ended up in markets. As a food safety problem, it has drawn attention from China’s Ministry of Public Security, which has made it a priority to crack down on gangs that purchase dead diseased pigs and process them for illegal profits.

Zhejiang police said on their official website that police have been campaigning to rid the market of unsafe pork meat and that the efforts were stepped up this winter as Chinese families gathered to celebrate the Lunar New Year in February.

In one operation last year, police in Jiaxing broke up …read more
Source: FULL ARTICLE at Fox World News

Oil falls as US government cuts spending

The price of oil fell Monday after political leaders in Washington failed to stave off automatic cuts in government spending that could hurt the U.S. economy.

Benchmark oil for April delivery was down 20 cents to $90.44 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.37 to close at $90.68 a barrel on the Nymex on Friday, its lowest close this year.

Automatic government spending cuts of roughly $85 billion kicked in on Friday after President Barack Obama and Congress failed to meet a deadline for striking a deal to avert or soften the reductions. Negotiations on Sunday ended in a bitter impasse, and what happens next is anyone’s guess.

The International Monetary Fund has predicted that the spending cuts could reduce U.S. growth by some 0.5 percentage point in 2013.

The current budget crisis comes just two months after tense year-end negotiations yielded a New Year’s Day deal keeping the U.S. government from plunging over a “fiscal cliff” of huge spending cuts and tax increases.

In China on Friday, two surveys showed that manufacturing growth slowed last month, as demand faltered and factories shut down for the Lunar New Year holiday.

Brent crude, used to price many kinds of oil imported by U.S. refineries, fell 17 cents to $110.23 a barrel on the ICE Futures exchange in London.

In other energy futures trading on the Nymex:

— Wholesale gasoline fell 0.9 cent to $3.12 a gallon.

— Heating oil lost 0.2 cent to $2.928 a gallon.

— Natural gas fell 2.2 cents to $3.434 per 1,000 cubic feet.

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Source: FULL ARTICLE at Fox World News

Property prices pose biggest risk to stability of Hong Kong economy

Buyers and property sales agents wait to make deals to buy hotel rooms of Apex Horizon Hotel in Hong Kong

HONG KONG (Reuters) – Just three months after Hong Kong rolled out a tough new round of property cooling measures, home prices have again climbed to record highs with demand unusually strong for new flats over the normally quiet Lunar New Year holiday break. Hong Kong officials have stressed repeatedly that reining in the city's property market, now one of the world's most expensive, is a policy priority to restore affordability and to mitigate a major threat to the economy of the affluent Asian financial hub. …

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Source: FULL ARTICLE at Yahoo Business

Asia's Week: Snaking Toward Standoffs

By Tim Ferguson, Forbes Staff

It was a Lunar New Year week of highs and lows. The Mainland economy must be heating up because the rooms were full in Macao–literally so at a hotel like the Sheraton there, which bragged that all 3,858 were occupied. They must have been smoking up a storm in the casinos, like Beijing (or now Shanghai) on a bad smog day. …read more
Source: FULL ARTICLE at Forbes Latest

Report: 7 die in child custody dispute in China

State media say a Chinese man has set off explosives outside the home of his former in-laws in a southern Chinese city, killing seven and injuring 18.

The official Xinhua News Agency quoted police as saying the man was seeking revenge following a dispute with his divorced wife over custody of their children.

It said the man, who was critically injured, told police he set off the homemade explosives in a car outside the house in the coastal city of Zhanjiang.

Xinhua said most of the victims were relatives of the man’s former in-laws who were visiting the family during the Lunar New Year holiday. It said five of the injured were in intensive care. The blast also damaged several nearby homes.

…read more
Source: FULL ARTICLE at Fox World News

North Korea's defiant nuclear test could test ally China's patience

North Korea‘s nuclear test Tuesday could push China to take a tougher stance against its longtime ally.

Beijing had earlier signaled a growing unhappiness with Pyongyang by agreeing to tightened U.N. sanctions after North Korea launched a rocket in December, surprising China watchers with its unusually tough line, which prompted harsh criticism from Pyongyang.

And while China isn’t expected to abandon its communist neighbor, it appears to be reassessing ties a year after new North Korean leader Kim Jong Un took office. The question is for how long China, itself under new leader Xi Jinping, will continue to back North Korea‘s nettlesome policies.

“Perhaps Kim Jong Un thinks Xi Jinping will indulge him. Perhaps he’s in for a surprise,” said Richard Bush, Director of the Center for Northeast Asian Policy Studies at the Brookings Institution in Washington D.C.

The Foreign Ministry did not immediately respond to faxed requests for comment on Tuesday, a public holiday in China marking the Lunar New Year.

China‘s state broadcaster reported on the earthquake that was the first indication that North Korea might have conducted a test. CCTV quoted residents living along the North Korean border in Jilin province as saying they felt the ground shaking for about one minute around the time the quake hit. North Korea later confirmed carrying out the test.

China is feeling spurned by Kim. Although China welcomed his ascension after his father died in December 2011 and maintained flows of aid and investment, Kim has ignored China‘s interests in a stable neighborhood with his two rocket launches and nuclear test plan. North Korea announced last month it would conduct a test to protest the toughened U.N. sanctions.

“At the start, China gave him a warm welcome and, I think, some aid. But we got no gratitude. They take us for granted,” said Jin Canrong, an international affairs expert at Renmin University in Beijing. “China tried to get closer to him, but it was not successful. China has become very disappointed.”

Yet Beijing also sees Pyongyang as a crucial buffer against U.S. troops based in South Korea and Japan. It also deeply fears a regime collapse could send swarms of refugees across its border. For those reasons, Beijing is unlikely to cut Pyongyang adrift, even if it pushes North Korea harder to end its nuclear provocations and reform its broken-down economy.

China‘s not ready to turn the support to North Korea switch to `off’ at this stage,” said Roger Cavazos, a North Korea watcher at the Nautilus Institute for Security and Sustainability.

North Korea‘s apparent reluctance to reform its economy ranks among Beijing‘s biggest frustrations, and the thorny nature of the bilateral relationship is on show along the frigid Yalu River, which forms part of the border Chinese troops crossed to rescue North Korean forces during the 1950-53 Korean War.

Last week, ahead of the Lunar New Year holiday, dozens of North Korean trucks lined up at a customs checkpoint in the northeastern Chinese border city of Dandong, loaded with bags of rice, cooking oil, cheap electronics and other daily items …read more
Source: FULL ARTICLE at Fox World News

Oil dips slightly as Asia observes Lunar New Year

Oil prices dipped slightly Monday, as much of Asia observed public holidays that kept many stock markets closed.

Benchmark oil for March delivery fell 7 cents at midday Bangkok time to $95.65 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 11 cents to $95.72 per barrel on the Nymex on Friday.

Trading was expected to be light for much of the week with markets shut for Chinese New Year.

The U.S. government said Friday that the country’s trade deficit fell nearly 21 percent in December from November – the smallest trade deficit in nearly three years – due largely to plunging oil imports. Production of oil is surging in the U.S., lowering the prices of U.S. crude oil.

In London, Brent crude, used to price international varieties of oil, fell 15 cents to $118.75 a barrel on the ICE Futures exchange.

In other energy futures trading on the Nymex:

— Wholesale gasoline fell 1 cent to $3.0523 a gallon.

— Natural gas fell 1.4 cents to $3.258 per 1,000 cubic feet.

— Heating oil gained 0.5 cents to $3.2437 a gallon.

…read more
Source: FULL ARTICLE at Fox World News

Statement by the President on the Lunar New Year

By The White House

Michelle and I send our warmest wishes to all those who will be celebrating the Lunar New Year this Sunday, February 10th. Here in America and around the world, people of Asian and Pacific Islander descent will welcome the Year of the Snake. In Chinese tradition, the snake represents wisdom, and a thoughtful approach to tackling the challenges before us – principles that I hope will continue to guide us as we perfect our union and create a more just and equal future for every American. Our challenges may be great, but our diversity and the traditions that thrive here give us the strength to meet them. To everyone celebrating the Lunar New Year, I wish you peace, prosperity and good health and fortune.

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Source: White House Press Office

Oil rises after China trade exceeds expectations

Oil prices rose above $96 a barrel Friday after China reported better-than-expected monthly trade data, a sign that its economic recovery is gaining traction.

Benchmark oil for March delivery was up 25 cents to $96.08 at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract fell 79 cents to finish at $95.83 on the Nymex on Thursday after the head of the European Central Bank expressed concern over a recent rise in the euro. A strong euro hurts the export prospects of the 17 countries that use the common currency. It also tends to result in higher oil prices by making crude sold in dollars cheaper, and a more enticing investment, for traders using currencies other than the greenback.

China‘s trade growth surged in January. Exports soared 25 percent from a year earlier and rose 14.1 percent from December. Import growth rocketed to 28 percent, and more than quadrupled from the previous month’s 6 percent.

Analysts said, however, the year-on-year data could be distorted because Lunar New Year fell in January in 2012. This year, companies picked up pace in January to fill orders before shutting down for the holiday, which this year falls in February.

Linus Yip, a strategist at First Shanghai securities in Hong Kong, said the data “confirms market consensus, which is that economic growth in mainland China is stepping up.”

In London, Brent crude, used to price international varieties of oil, rose 61 cents to $117.85 a barrel on the ICE Futures exchange.

In other energy futures trading on the Nymex:

— Wholesale gasoline rose 1.3 cents to $3.012 a gallon.

— Natural gas rose 0.2 cent to $3.287 per 1,000 cubic feet.

— Heating oil gained 2.2 cents to $3.222 a gallon.

…read more
Source: FULL ARTICLE at Fox World News

Accidents kill dozens in peak China travel season

More than 50 people have been killed on China‘s roads in four major accidents since Friday, as hundreds of millions of Chinese journey home for the upcoming Lunar New Year.

Overloaded vehicles, bad driving habits and unsafe road conditions all have made China‘s roads particularly prone to accidents.

In the southwestern province of Sichuan, a bus overturned Friday, killing 11 people, according to the Gulin county government.

In the neighboring province of Guizhou, 13 people died after an overloaded bus tumbled down a 100-meter (330-foot) slope, the official Xinhua News Agency reported Saturday. It said the fatal crash in Congjiang county left another 21 people injured, including 11 in serious condition.

The 34 people were crammed into the bus licensed to carry no more than 19, Xinhua said.

On Friday night in the northwestern province of Gansu, a coach bus went off the road at a curve, rolled down a slope and caught fire, killing 18 people and injuring 32 others, according to the provincial government and state media.

In the central province of Henan, at least 10 people were killed after a truck loaded with fireworks for Lunar New Year celebrations exploded Friday morning, collapsing an elevated section of highway and sending vehicles plummeting to the ground.

The Lunar New Year falls on Feb. 10 this year.

Source: FULL ARTICLE at Fox World News

Fireworks cause deadly highway collapse in China

An elevated portion of highway in central China collapsed on Friday after a truck loaded with fireworks for Lunar New Year celebrations exploded, killing at least nine people and sending vehicles plummeting about 100 feet to the ground.

The official Xinhua News Agency said nine people were confirmed dead and another 13 injured, including four in serious condition. It said the collapse smashed and buried at least 25 vehicles.

Earlier reports by China National Radio and some other outlets of 26 people killed were later removed from websites, without explanation.

An 260-foot stretch of the major east-west highway collapsed in Mianchi county in Henan province. It scattered blackened chunks of debris and shattered the windows of a nearby truck stop.

A truck driver interviewed on CCTV said he was only 20 meters (yards) away from the explosion.

“I heard a huge bang and immediately braked. I saw small fireballs falling down one by one,” said the unidentified truck driver, whose truck windshield was smashed from the impact of the blast.

“I then heard the sounds of clanking and exploding for five to six minutes,” the driver said. “My face was covered in dust.”

Photos posted online by Xinhua showed a stretch of elevated highway gone, with one truck’s back wheels perched at the edge of a shorn-off section of the highway. Other photos showed firefighters below spraying water on scorched hunks of concrete, wrecked trucks and flattened shipping containers.

There was no immediate word on the cause of the explosion. It occurred about 90 kilometers (55 miles) west of Luoyang, an ancient capital of China known for grottoes of Buddhist statues carved from limestone cliffs.

Fireworks are an enormously popular part of Chinese Lunar New Year festivities. To meet the demand, fireworks are made, shipped and stored in large quantities, sometimes in unsafe conditions.

A result is periodic catastrophe: In 2006, on the first day of the Lunar New Year, a storeroom of fireworks exploded at a temple fair in Henan, killing 36 people and injuring dozens more. In 2000, an unlicensed fireworks factory in southern China exploded, killing 33 people, including 13 primary and secondary school students working there.

Source: FULL ARTICLE at Fox World News

10 killed in China train-bus collision

A freight train collided with a bus at a crossing in northeastern China, killing at least 10 people and injuring 11 others.

The Monday morning accident came at the start of an annual travel rush ahead of next month’s Lunar New Year holiday, when millions of Chinese take to the road, air and rails to return home for family visits.

The official Xinhua News Agency said the collision accident took place at a crossing near the city of Heihe in Heilongjiang province. The crossing has no gates and a guard assigned to warn vehicles of coming trains was not at his post, the report said.

A team from the railway safety administration was dispatched to investigate the accident from the provincial capital of Harbin.

Source: FULL ARTICLE at Fox World News