The Central Bank of the Republic of China announced yesterday that Taiwan's foreign exchange reserves stood at US$398.683 billion (S$490 bil) after a small shock.
China has been accused for cyber-spying into Gmail accounts of US top officials, military personnel and journalists but China rejected all such accusations.
A foreign ministry spokesman said it was "unacceptable" to blame China. On the other hand, Google mentioned that they have not directly named China in spying Gmail account; rather they mentioned that the hacking campaign originated in Jinan.
US authorities claim that individual’s passwords have been obtained through fraud instead of infringing security.
According to Singapore-listed Chinese shipbuilder COSCO Corp it entered into an agreement yesterday with the Norwegian Sevan Drilling for constructing a couple of drilling units valued approximately at $525 million each.
A letter of intent for both the rigs had been signed in the month of March.
The global economy has been affecting the United States, Europe along with the China, the world’s largest populated country. It has warned about the rising signs of the damage to these countries.
Moreover it is expected that in coming future the major economies would raise more. But the fact is that the many economies around the world are struggling to expand as fast as they did last year.
Lake Honghu has been turned into an expanse of exposed mud, drying fish farms and stranded boats, thanks to the drought gripping stretches of central and eastern China. This has put the livelihood of the residents of Hubei district at great risk. These people call this river their “land of fish and rice”.
On Thursday the Ministry of Foreign Affairs has said in a written statement that it is anticipated by the China that any decision on the appointment of the managing director of the International Monetary Fund will be done through democratic negotiation.
Apart from strengthening its existence in the already occupied markets in Vietnam, China and Japan, Mapletree Investments also plans to initiate investments in South Korea with a view to broadening the company’s existence in the local markets and keeping in mind the restricted prospects in this region.