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China drafts first domestic violence law BEIJING: China has drafted its first national law against domestic violence, with activists hailing it Wednesday as a step forward in a country where abuse has long been sidelined as a private matter.The new law formally defines domestic violence for the first time and streamlines the process for obtaining restraining orders -- measures long advocated by anti-domestic abuse groups."Over the years, we've many times felt powerless ourselves to help victims," said Hou Zhiming, a veteran women's rights advocate who heads the Maple Women's Psychological Counselling Centre in Beijing."If this law is actually enacted -- because the issuing of a draft means it will now enter the law-making process -- we will be very pleased," said Hou, whose centre is one of China's longest-running anti-domestic violence organisations."At the very least, there's finally movement on this law," she said.But advocates also say the draft law, released by the Legislative Affairs Office of ...

Major road reopens after Hong Kong police clear protest site HONG KONG: A major Hong Kong road reopened to traffic Wednesday after hundreds of police dispersed pro-democracy protesters who had blocked it for almost two months.The six-lane Nathan Road in the Mongkok district reopened after protesters' barricades and tents were removed.Copyright AFP (Agence France-Presse), 2014 ...
South Korea court grants $1.0mn over 1970s student crackdown SEOUL: A South Korean appeals court on Wednesday ordered the government to compensate more than two dozen people, including a one-time presidential candidate, who were detained in the 1970s on fabricated subversion charges.The Seoul High court set a collective amount of 1.1 billion won ($990,000) to be shared between the 29 plaintiffs who were among nearly 200 members of a student youth movement investigated in 1974 for working -- under the guidance of North Korea ...
Coal mine fire kills 24 in China BEIJING: A fire at a Chinese coal mine killed 24 workers early Wednesday, state media reported, the latest fatal incident to hit the accident-prone industry.The blaze at the mine in Liaoning province, in the northeast, also left 52 people injured, the official Xinhua news agency said, quoting the state-owned Fuxin Coal Corporation.Initial investigation showed that coal dust in a shaft was ignited shortly after a weak earthquake with a magnitude of just 1.6 hit the ...
Hong Kong police remove more Mongkok barricades HONG KONG: Hong Kong authorities Tuesday tore down barricades at a protest site in Mongkok, the scene of some of the more violent clashes to take place during nearly two months of pro-democracy sit-ins.Dozens of bailiffs, backed by more than 100 police officers, stood guard as workers cleared makeshift barriers obstructing part of a busy shopping street in Mongkok, one of three main protest sites where thousands of demonstrators have camped out demanding free leadership ...
Cuts could cost 400 jobs at Australian public broadcaster SYDNEY: More than 400 jobs could be lost at the Australian Broadcasting Corporation, the head of the organisation said Monday, after the government cut funding.Canberra last week announced the public broadcaster's budget would be cut by Aus$254 million (US$221 million) over the next five years, prompting thousands to protest in Sydney and Melbourne on the weekend.ABC managing director Mark Scott on Monday said the cuts meant hundreds of jobs could be lost, while television sports ...
Chinese island project in disputed waters 'justifiable': general BEIJING: Beijing on Monday fired back at US criticism of an artificial island project in the disputed South China Sea that could reportedly include an airstrip, with a top general defending it as "justifiable".People's Liberation Army Major General Luo Yuan told the state-run Global Times newspaper that Beijing was building infrastructure on the reef and the US should stay out of the issue."The US is obviously biased considering that the Philippines, Malaysia, Vietnam have already ...

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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln