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Bitcoin prices recover after Chinese bank imposed new restrictions

Prices for the volatile virtual currency Bitcoin leaped in China on Thursday, after falling nearly 50 percent one day earlier due to new restrictions reportedly imposed by the central bank. On Thursday afternoon, Bitcoins were trading at 2,900 yuan ($478) each on China’s biggest trading platform BTC China, up more…

Mining the moon is pie in the sky for China: experts

China’s moon rover will survey for minerals on a dusty, barren crater named the Bay of Rainbows, but experts say there may be no pot of gold on the Earth’s natural satellite. The potential to extract the moon’s resources has been touted as a key reason behind China’s space programme,…

China’s first lunar rover lands on moon

A space module carrying China’s first lunar rover landed on the moon on Saturday, state television said, the first soft landing on the moon in nearly four decades and a major step for Beijing’s ambitious space programme. Scientists burst into applause as a computer generated image representing the spacecraft was…

Southeast Asia keeps a wary eye on China’s air zone expansion

Southeast Asia eyes Chinese air zone expansion (+video) (via The Christian Science Monitor) Filipino fishermen waved from a boat bound for the Scarborough Shoal in May. China now bars access. (Erik De Castro/Reuters) Nowhere are governments keeping a closer eye on China’s latest move to press its territorial claims (see…

China’s first lunar rover enters the moon’s orbit

China’s first lunar rover entered the moon’s orbit on Friday, state media reported, a key step towards the vessel’s planned landing later this month. The rover — known as Yutu, or Jade Rabbit — reached lunar orbit late Friday, the official Xinhua news agency said, about 112 hours after it…

China dismisses Canada spy allegations

Beijing on Monday dismissed as “groundless” allegations that a Canadian naval engineer is a Chinese spy. Qing Quentin Huang, 53, was charged at the weekend under Canada’s Security of Information Act with two counts of attempting to communicate classified information to a foreign entity. He is alleged to have shared…

Two stabbed to death at China’s Forbidden City

Two people were stabbed to death Friday at Beijing’s Forbidden City, the vast former imperial palace that is China’s top tourist attraction, by a man who then attempted suicide, police said. The violence at the world heritage site was a brawl among employees, Beijing police said in a post on…

Debt default could cause China to rethink its investment in U.S. dollar assets

A U.S. debt default could spur China to diversify its multi-trillion-dollar foreign exchange reserves, the world’s largest, analysts say, as Beijing seeks to boost its voice in the global economy. A historic default would inevitably lower the value of China’s U.S. dollar assets and have a broader impact on its…

Vietnam seizes massive shipment of illegal ivory

Vietnam has seized two tonnes of illegal elephant tusks found stashed in bags of shells being shipped to China, state media reported Wednesday. Customs officials found the tusks in a shipping container that had been transported to the northern port city of Hai Phong from Malaysia, according to the state-run…

Djokovic says top Asian men’s player is years away

Top-ranked Novak Djokovic says it will be at least five years before Asia can produce a top-ranking men’s player, and greater support for emerging players is the key. Only one Asian is currently among the men’s top 40, number 13-ranked Kei Nishikori from Japan, and he has trained in the…

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