China to sign U.N. civil-rights covenant: foreign minister Qian surprises with gesture as he moves to retire

Article Abstract:

Chinese Foreign Minister Qian Qichen announced China's decision to sign a United Nations (UN) accord on political rights. Prior to his announcement, Qian also disclosed his decision to retire. Qian did not say when China will sign the pact, but his announcement came days before the scheduled meeting of the U.N. Human Rights Commission in Geneva, Switzerland. The 70-year old Qian has been credited for managing the country's growingly important relationship with the US.

International Affairs, Intnl Politics NEC, Appointments, resignations and dismissals, International relations, Chinese foreign relations, United Nations, Qian Qichen

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Department stores crowd in: glut thins profits as retail spending retreats

Article Abstract:

The growing number of department stores in China has resulted in slower growth and intense competition. Department stores are urged to merge as poor results continue to drive profits and stock prices down. The downturn in the retail industry is also linked to the privatization of state-owned businesses that have resulted in the layoff of workers that adds pressure to the local economy.

Department Stores, Finance, Retail industry, Retail trade, Securities

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