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Nuclear Security Summit

President Barack Obama open the 47-nation Nuclear Security Summit in Washington.  The president says he wants new commitments to secure weapons-grade plutonium and uranium to prevent nuclear terrorism.

With concerns about the nuclear ambitions of Iran and North Korea a major backdrop to the conference, this is the biggest U.S.-sponsored gathering of world leaders in more than 60 years.

The New START treaty was signed on April 8, 2010 in Prague by U.S. President Obama and Russian President Medvedev and Iran will hold the Tehran International Conference on Disarmament and Non- Proliferation, 2010, announced on April 4, 2010 and to be held April 17–18, 2010.

The Summit is the largest gathering of heads of state called by a United States president since the 1945 United Nations Conference on International Organization. Delegations from forty-six governments plus the United States are attending, thirty-eight of which are represented by heads of state or government. Read More…

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Volvo Cars, to China’s Geely

China’s Zhejiang Geely Holding Group has signed a deal with the Ford Motor Corporation to acquire the firm’s Volvo Cars.

Geely, China’s largest private-run car manufacturer, has agreed to buy Ford’s Volvo automobile unit for 1.8 billion US dollars the country’s largest overseas vehicle sector acquisition.

Geely’s founder and chairman, Li Shufu, and Ford’s executive vice president, Lewis Booth, inked a binding agreement on Sunday at Volvo’s headquarters in Göteborg, Sweden.

Geely was reported to have approached Ford in mid-2008 about a possible takeover of Volvo Cars. On October 28, 2009, Geely was named as the preferred buyer of Volvo Cars by Ford. Read More…

Severe sandstorm strikes China

A severe sandstorm has struck north-west China over the past few weeks, reaching Beijing on Saturday morning. The sandstorm, which covered homes, streets, and cars in dust, has left the sky a murky yellow.

The air quality was rated as level five. Beijing’s Weather Bureau issued a warning for the sandstorm, and advised citizens to stay in their homes until it passes. As much as 1500 micrograms per cubic meter of dust were reported to be airborne.

Beijing has experienced unusually cold weather this year, with temperatures below freezing at night, even after the start of spring. The sandstorm is affecting more than 50 million people, and forecasters do not see signs of it stopping soon. Read More…

On this day February 28, 1972

U.S. President Richard Nixon’s visit to the People’s Republic of China concluded with the two countries issuing the Shanghai Communiqué, pledging to work toward the full normalization of diplomatic relations.

Richard Nixon meets with Mao Zedong

Richard Nixon meets with Mao Zedong

President Richard Nixon’s 1972 visit to China was an important step in formally normalizing relations between the United States and the People’s Republic of China. It also marked the first time a U.S. president had visited the PRC, who at that time considered the U.S. one of its biggest enemies. The visit has become a metaphor for an unexpected and uncharacteristic action by a politician. Read More…

China world’s biggest…

China has overtaken the US to become the biggest car market in the world as government policy initiatives spur demand.

Shanghai traffic

China sold more than 13.5m vehicles last year, the official Xinhua news agency said today, compared with 10.4m cars and light trucks sold in the US, the lowest level in 27 years.

China’s market grew by 45% year-on-year in 2009, providing a rare glimmer of hope for the world’s beleaguered car manufacturers, such as General Motors, Volkswagen and Toyota. Total industry sales fell 21% in the formerly dominant US market, and Volkswagen has said that China is now its biggest market. Read More…

Chinese economy overtakes Japan

The Chinese economy is likely to overtop the Japanese economy and become the second largest in the world.

Li Daokui, Director of the Center for China in the World Economy (CCWE) at the Tsinghua University, states that there is no doubt about what the numbers or the statistics show. China’s GDP growth was 9.6% in 2008.

Despite predictions about China’s GDP being at around 8.6% to 9%, it rose to 9.6%, as stated by the National Bureau of Statistics (NBS). The International Monetary Fund (IMF) projected previously that China will overtake Japan soon since the latter’s GDP dropped this year. Read More…

On this day December 20, 1999

Portugal transferred sovereignty of Macau to the People’s Republic of China.

Macau was both the first and the last European colony in China. Portuguese traders first settled in Macau in the 16th century and subsequently administered the region until the handover on December 20, 1999.

The Sino-Portuguese Joint Declaration and the Basic Law of Macau stipulate that Macau operates with a high degree of autonomy until at least 2049, fifty years after the transfer. Read More…