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At least 38 killed in China highway collision: Xinhua BEIJING: At least 38 people were killed in a collision between a bus and a van carrying flammable liquids in southern China, state media reported on Saturday, the latest in a string of accidents that have fuelled anger over unsafe transport.The crash in Hunan province happened in the early hours of Saturday when the van drove into the back of the passenger coach, triggering a fire and explosion, the official Xinhua news agency said.Five people were injured, including four with severe burns. Five vehicles were destroyed, Xinhua said.Last week, 11 people were killed, including eight children, when a school bus crashed into a reservoir in Hunan.A series of accidents in recent years involving vehicles carrying school children have made such incidents a sensitive issue, particularly in China's rural areas where roads are often poorly maintained.Copyright Reuters, 2014 ...

Super typhoon kills eight in southern China: Xinhua BEIJING: A super typhoon has killed eight people in China since making landfall on Friday afternoon, state media said on Saturday, after hitting parts of the Philippines and leaving 77 dead.Typhoon Rammasun reached the southern Chinese island province of Hainan on Friday, before striking parts of the mainland later on Friday and early on Saturday, said the official Xinhua news agency.The government had ordered an all-out effort to prevent loss of life from the typhoon, ...
India's fin minister says hopes rates will ease if inflation cools NEW DELHI: India's Finance Minister Arun Jaitley said on Friday he hoped interest rates would be reduced should inflation ease, days after data showed consumer prices easing to their lowest since figures were first published in January 2012. "Interest rates have gone up. Hopefully, if inflation moderates, they will come down," Jaitley told parliament.Jaitley did not give specifics on the level of inflation. Data on Monday showed consumer prices led inflation eased to 7.31 percent ...
UN mission welcomes start of Afghan presidential election's audit UNITED NATIONS: The United Nations Assistance Mission in Afghanistan (UNAMA) has welcomed the audit of the results of last month's presidential run-off election.The audit, started on Thursday is part of a plan brokered by the United States and agreed to by the two candidates in the run-off, Abdullah Abdullah and Ashraf Ghani, who have committed to participating in and abiding by its results. It involves a complete audit of the results of the run-off held ...
India's monsoon rain deficit narrows, enters active phase NEW DELHI: The deficit in India's monsoon rains is expected to narrow next week as the grain bowl in the country's northwest, oilseed areas of central parts and cotton belt of the western region are set to get higher downpours.The monsoon rains were 15 percent below average in the past week, against 41 percent below average rainfall in the previous week, the weather office data showed.On Thursday, the annual rains covered the entire country two ...
Ancient town under water as downpours hit central China BEIJING: One of China’s renowned ancient towns was under water Wednesday as heavy rain hit the centre of the country, with tens of thousands of people evacuated from the area.The old town district of Fenghuang nestles on the banks of a winding river in a picturesque, mountainous part of Hunan province, and boasts stunning Qing and Ming dynasty architecture back hundreds of years.It can attract 30,000 visitors a day and has applied for world heritage ...
India PM, China's Xi pledge stronger ties in first meeting NEW DELHI: Indian Prime Minister Narendra Modi and Chinese President Xi Jinping agreed on the need to resolve a decades-old border dispute during talks before the BRICS summit in Brazil, a statement said Tuesday. The leaders also pledged to strengthen trade and diplomatic ties during the 80-minute meeting in Fortaleza, their first since nationalist hardliner Modi won landslide elections in May."Both sides emphasised on the need to find a solution to the Boundary Question," the ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln