CHINA

New Satellites to Extend China's Military Reach

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China this week reached a milestone in its drive to master the military use of space with the launch of trials for its Beidou satellite global positioning network, a move that will bring it one step closer to matching U.S. space capabilities.

China speeds up QFII approvals amid signs of capital outflow

A yuan banknote is displayed next to a U.S. dollar banknote for the photographer at a money changer inside the Taoyuan International Airport, Taiwan
China has since October granted nearly $1 billion in quotas for foreign institutions to invest in the country's capital markets following a five-month hiatus, reflecting Beijing's desire to encourage inbound investment amid signs of a capital outflow.
The Athabasca river runs through the city of Fort McMurray.

Oil sands OK starts option clock for Athabasca

Athabasca Oil Sands Corp has won regulatory approval for its MacKay River oil sands project, opening a one-month window that could result in its state-owned Chinese partner taking full control of the development.
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Google CEO Schmidt

Oh No They Didn't! Top 10 CEO Snafus of 2011

They can make in a month what the average worker earns in a lifetime. Many go about in private jets, employ multiple secretaries and glad-hand dignitaries and world leaders. Perched at the top of major corporations around the world, the chief executive officer blazes trails, inspires awe and commands attention. But under such immense scrutiny, when the CEO slips, the rest of the world takes notice.
LG Nitro HD

LG Display plant in eastern China hit by strike

Workers at an LG Display factory in eastern China have gone on strike, halting some production, the company said on Wednesday, in the latest action by China's increasingly assertive workforce.
Boddington Gold Mine

Gold Slips, May Fall Below $1,570

Gold fell on Wednesday, tracking industrial metals and equities lower, as concerns about global economic growth and Iran's threat to stop the flow of oil kept investors on the sidelines.
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Asian shares slip in thin trade, oil steady on Iran

Asian shares fell on Wednesday in low volume with many market players away for year-end holidays, while oil held on to the previous day's gains on concerns about possible supply disruptions after Iran threatened to stop the flow of oil from the Gulf.
The Beidou satellite navigation system will help China become more independent, in addition to providing the country with location-based needs. Beidou is China's response to the United States' GPS platform.

Beidou: Meet China's GPS Solution

China launched Beidou on Tuesday, which is the country's response to the U.S. GPS platform. The satellite navigation system will help China become more independent, in addition to providing the country with location-based needs.
Chinese dissident Chen Xi is seen in this undated handout photo released by his family

Chen Xi, Chinese Dissident, Jailed for 10 Years

Chinese dissident Chen Xi has become the second dissident in four days to be jailed for inciting subversions through online essays; he was given a 10-year jail sentence by a Chinese court in Guiyang, the capital of Guizhou province.
Camila Alves

Matthew McConaughey and Camila Alves are Engaged!

Matthew McConaughey proposed to Camila Alves on Christmas Day, tweeting a cute picture of the longtime couple as they kissed by the Christmas tree. But who, exactly, is McCaughey's fiance? Is it true her mother doesn't approve of McConaughey? Here are five things to know about Camila Alves, from the couple's past to Alves' designer label and modeling career.
Mengniu said it destroyed a batch of products at a plant in the southwestern province of Sichuan which contained aflatoxin, a substance produced by food fungus that can cause severe liver damage, including liver cancer.

Tainted Milk Destroyed, says China's Mengniu

China Mengniu Dairy Co Ltd, the nation's biggest dairy firm, said it had destroyed milk found to be contaminated with a cancer-causing substance, the latest food safety problem to hit the country's dairy industry.

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