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China 'seriously condemns' Japan's PM war shrine visit BEIJING: China strongly condemned Japanese Prime Minister Shinzo Abe's visit to the flashpoint Yasukuni shrine in Tokyo Thursday, saying it glorified Japan's "history of militaristic aggression"."We strongly protest and seriously condemn the Japanese leader's acts," Beijing's foreign ministry spokesman Qin Gang said in a statement immediately after Abe's visit to the shrine.China will make "solemn representations" to Japan over his actions, the ministry said.Yasukuni is believed to be the repository of around 2.5 million souls of Japan's war dead, most of them common soldiers but also including several high-level officials executed for war crimes after World War II, who were enshrined in the 1970s."The essence of Japanese leaders' visits to the Yasukuni shrine is to beautify Japan's history of militaristic aggression and colonial rule," Qin said.China's ruling Communist Party seeks to bolster its public support by tapping into deep-seated resentment of Japan for its brutal invasion of the country in ...

Rodman back from North Korea without meeting 'awesome' Kim BEIJING: Former NBA star Dennis Rodman returned from North Korea on Monday, saying he did not meet "awesome" Kim Jong-Un on his third visit to the reclusive state but was unfazed by the lack of contact.The heavily tattooed Rodman has developed an unlikely relationship with Kim since making his first trip in March, when he declared the leader a "friend for life", and is organising an exhibition basketball game on January 8 to mark his ...
Vietnam 2013 economic growth seen at 5.42pc y/y HANOI: Vietnam's economy grew an estimated 5.42 percent in 2013 from a year ago, the same as the government's target, the general statistics office said on Monday. The gross domestic product (GDP) growth in the period from September to December was seen at 6.04 percent, quickening from 5.14 percent in the first nine months, compared with the same period last year. Last year's GDP growth of 5.25 percent was the lowest annual expansion since 1999. ...
China slams Japan defence spending plan BEIJING: China has denounced Japan's plans to boost military purchases, accusing it of playing up regional tensions as an "excuse" to ramp up defence spending.The cabinet of hawkish Japanese Prime Minister Shinzo Abe agreed Tuesday to spend 24.7 trillion yen ($240 billion) between 2014 and 2019 -- a five percent boost to the military budget over five years.Japan plans to purchase stealth fighters, drones and submarines as part of its efforts to boost military hardware ...
US may relax bans on high-tech to China BEIJING: The United States has said that it will "actively" carry out a plan to lift bans on high-tech exports to China, a long-term irritant in economic ties between the world's two largest economies, said media report here.The development is a sign that recent military and trade friction will not deter the two nations from steadily advancing their economic relations, experts informed China Daily.Wang Chao, vice-minister of commerce, said the US has agreed to promote ...
Chinese billionaire feared dead in France helicopter crash BORDEAUX: Four people were feared dead Saturday including a Chinese billionaire and his 12-year-old son after the helicopter in which he was overflying his newly purchased French vineyard crashed into a river.Lam Kok, the 46-year-old head of the Hong Kong-based Brilliant group, had just bought a major Bordeaux vineyard in a sale accompanied by great fanfare and was surveying his new property in a helicopter piloted by the former owner when the accident happened Friday.Emergency ...
Taiwan court suspends trial of ailing ex-president TAIPEI: A Taiwanese court has suspended the trial of former president Chen Shui-bian on the ground that he is suffering from depression, dementia and other health problems, officials said Saturday.Chen, who is already serving a 20-year jail term for corruption, has been on trial since last year for allegedly taking illegal possession of confidential documents while he was in office.However, Taipei district court said it had decided to suspend the proceedings after a medical team ...

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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln