Srinivas Totapally, Krishna Karna, Gayathri Thaikkendiyil, Anand

P-1 Febraury 24th

Asian Market Snapshot

Times of China
Second Bird Flu Death reported in China
Ministry of Health confirmed that a second person has died on Friday after having contracted the H5N1 influenza virus, also known as Bird Flu in Southwest Chinas Guizhou Province. A 21-year old woman also died in the same city on Feb. 13. The official Xinhua news agency has reported that both the victims had come in close contact with birds which was the most common means of Transmission.

Growing Number of Cancer Villages in China Mainland

Chinas Leaders Plan Government Revamp

According to a widely circulated map in China, there are more than 247 Cancer Villages throughout the mainland. Environmental Protection Agency admitted about the existence of such villages in China and they mainly blamed Air and Water Pollution for higher cancer rates among their residents. A Chinese university produced the map after their research into data and media reports. These villages are mainly located in Central Henan and eastern Jiangsu provinces. ..contd P-2 As part of efforts to streamline bureaucracy and boost economy thats recovering from the slowest growth in 13 years, Chinas leaders are considering to revamp the central government. The changes are meant to reduce red tape in the economy as it deals with the need to boost consumption and tackle issues including environment concerns, pollution and corruption that are driving social unrest.

New Leader Picks Moscow as his first Foreign Destination

The new Chinese President Xi Jinping has selected Moscow as his first foreign destination. He would be visiting South Africa after Moscow for a summit meeting of the group of leading emerging-market

China Angered by Abes remarks

China was angered over Japan Prime Minister Shinzo Abes recent comments that characterized Beijing as having a deeply ingrained need to challenge neighbors over territory. He also said the ruling communist party was using

Jobs Freeze at Foxconn

Apple Incs Chinese manufacturing partner Foxconn Technology Group has frozen hiring at a Shenzhen plant that manufactures several gadgets including the iPhone 5. The company also stopped hiring in all of its other factories across China. While some of it may be related to the fact that Apple sales were less than expected in the 2012 holiday quarter, the company spokesperson says that it is more related to the more than higher return rate of ..

Chinese Lantern Festival

The lantern festival occurs on the 15th day of the Chinese Lunar New Year and marks the end of the Spring Festival. Lately, the lantern show has lost its charm and now exists only as a tradition.