China

Taiwan’s Wei Family agrees to buy Majority Control of China Network Systems for $2.4 billion

Sources have revealed that Taiwan's Wei family has reached an agreement to acquire majority control of China Network Systems (CNS) for nearly $2.4 billion (1.44 billion pounds) including debt from private equity firm MBK Partners. The Wei family is famous for controlling Hong Kong-listed noodle maker Tingyi Cayman Islands Holding Corp. However, the company is now looking forward to venture in telecoms and media.

wirtschaft: 

China Moves Closer to Creating Supersonic Submarine

According to a Chinese scientist, China has moved closer to creating supersonic submarine that could travel from Shanghai to San Francisco covering about 9,900km in less than two hours.

Generell: 

Chinese Officials Hand Over 200 Black Pond Turtles to Pakistani Delegation

At a ceremony organized at the Pakistan-China border at the Khunjerab Pass, Chinese officials handed over 200 black pond turtles to a Pakistani delegation having Sindh wildlife department and officials from World Wide Fund for Nature-Pakistan (WWF-P).

Generell: 

China levies record $200M fine on Japanese auto parts makers

China on Wednesday confirmed that it slapped 10 Japanese auto parts manufacturers with a record $200 million (Rmb1.24bn) combined fine after the manufacturers were found guilty of price fixing.

wirtschaft: 

Link Space Firm founded by 21-year-old, aims for market

South China University of Technology's young graduate, Hu Zhenyu and his team has successfully launched liquid-propellant rocket engine at a courtyard in a suburb of Gaoyou City in east China's Jiangsu Province. It is very different from the kind of launch vehicle that carries heavy satellites into space.

Generell: 

Warmer Climate Increases Risk of Landslides and Floods on Tibetan Plateau

The Tibetan plateau has become warmer during the last 50 years and had shrunk to 15% around 8,000 square kilometers (3,100 square miles), say researchers.

Generell: 

China to Launch First Recoverable Moon Orbiter later this Year

The Chinese government announced on Sunday about its latest space programme. Later this year, it is going to launch its first recoverable moon orbiter, which will travel to the moon before coming back to earth, affirmed the State Administration of Science, Technology and Industry for National Defence (SASTIND).

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Generell: 

McDonald’s to get back to its Full Menu

It has been two weeks ever since McDonald's Corp pulled items such as beef and chicken burgers from its menu as its supplier Shanghai Husi Food Co. was probed for using expired meat. The company has announced that this week it will resume its full menu in some Chinese cities.

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