ChinaEdu Recruits For Online Degrees
ChinaEdu, a Nasdaq-listed Chinese education service provider, said it with cooperate with eight universities to offer recruitment services for online degree programmes, state media reports. Southwest Jiaotong University, the University of Electronic Science and Technology (Chengdu), Chinese Geology University (Wuhan), Chinese Geology University (Beijing), Northeast Normal University, Beijing Jiaotong University, Fujian Normal University and South China Normal University are among the universities that have signed an agreement with ChinaEdu. There are 68 universities in China that offer online degrees. 

China Eastern And Shanghai Airlines May Merge
The Central government and the Shanghai City government are reportedly in talks to merge China Eastern Airlines and Shanghai Airlines, AFP writes. Both airlines deny the rumour, which was based on an article in the Caijing business magazine. China Eastern said it will issue a statement to clarify the situation. Both airlines have repeatedly said that the high oil price is posing a serious problem to operational profitability. Earlier this year, China Eastern rejected strategic stake purchase bids by both Air China and Singapore Airlines.

China Southern Cuts Salaries
China Southern Airlines is cutting salaries for its management and will reduce infrastructure spending to save RMB1.3 bn this year, the South China Morning Post reports. The management will have to accept a 10 per cent cut. A spokesperson said the "payroll of the company can be trimmed down by no more than RMB100m".

Beijing Airport to Close for Olympic Opening Ceremony
The capital's airport will close between 7:59pm and midnight on 8 August, state media reports. International and domestic flights will be affected, including twenty flights from Shanghai to Beijing that will be either cancelled or delayed. Starting from 20 July, extra security checks will be carried out at airports in 18 Chinese cities and regions.

Hong Kong's Inflation Hits 6.1 Per Cent
After a 5.7 per cent hike in May, consumer prices in Hong Kong officially increased 6.1 per cent year-on-year in June, the government said on its website. The rising Chinese currency, which has appreciated against the HK Dollar by almost 7 per cent since January, and rising food, energy and housing prices have all added to inflationary pressures. As reported last week , Hong Kong's Chief Executive Donald Tsang proposed a HKD11 bn inflation relief package including food allowances and energy subsidies.

Last update : Sunday, 27 July 2008

Keywords : Expo 2010, Shanghai, China Eastern, China Southern, Shanghai Airlines, Beijing Airport, ChinaEdu, Hong Kong, Inflation

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