Your daily briefing on China
                 Source: Xinhua | 2017-02-13 17:50:37 | Editor: huaxia

A view of CBD area in Beijing, China.

Hi, here's what you need to know about China.

BEIJING -- Chinese President Xi Jinping Sunday extended congratulations to former Foreign Minister Frank-Walter Steinmeier on his election as German president.

In a congratulatory message, Xi said China-Germany relations has entered a stage of high-level development featuring close high-level exchange and increasingly deepened cooperation in various fields. xhne.ws/hHroL

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BEIJING -- China's property sales have fallen since the government began tightening and analysts expect more to be done in 2017 to deflate the bubble.

The China Index Academy, a real estate research institute, said property sales in China dropped 36.7 percent month on month in January, in terms of floor space. xhne.ws/fPtrh

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NEW YORK -- While fluctuations will continue, China's yuan will stabilize around current level as China's economy improves, and the country's relations with the U.S. advance, said a foreign exchange expert on Sunday.

"China's improving economy will certainly help the yuan as fundamentals are always the most important factor in currency movements however they take time to take effect," said Stephen Simonis Sr., Chief Currency Consultant at FXDD Global. xhne.ws/kjo33

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GUANGZHOU -- Six people were killed and three others injured after a minibus collided with a truck at a highway tunnel in southern China's Guangdong Province early Sunday, local police said.

The minibus from Dongguan city, rear-ended the truck and then caught fire at the expressway tunnel in Meixian County at 2:44 a.m. Sunday, said Meizhou City Public Security Bureau. xhne.ws/DMQT7

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TAIPEI -- Taiwan reported the first bird flu case of the H5N6 virus Monday, which authorities said was very similar to the avian virus plaguing the Republic of Korea (ROK).

The highly pathogenic H5N6 virus was confirmed in a dead gosling picked up at a farm road in eastern Hualien county, and part of its DNA sequence was 99 percent the same as the virus tested in ROK and Japan, the island's animal and plant inspection authority said. xhne.ws/51529

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SYDNEY -- International Pizza franchise, Domino's, has come under heavy criticism on Monday after evidence of unethical behavior regarding Visa fraud.

A phone call captured by an undercover Chinese student working for the Australian media outlet Fairfax, records a Domino's franchisee in North Queensland say in Mandarin "I will say straight that we want to sell this sponsorship, but you need to pay some money." xhne.ws/wLYn2
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Your daily briefing on China

Source: Xinhua 2017-02-13 17:50:37

A view of CBD area in Beijing, China.

Hi, here's what you need to know about China.

BEIJING -- Chinese President Xi Jinping Sunday extended congratulations to former Foreign Minister Frank-Walter Steinmeier on his election as German president.

In a congratulatory message, Xi said China-Germany relations has entered a stage of high-level development featuring close high-level exchange and increasingly deepened cooperation in various fields. xhne.ws/hHroL

- - - -

BEIJING -- China's property sales have fallen since the government began tightening and analysts expect more to be done in 2017 to deflate the bubble.

The China Index Academy, a real estate research institute, said property sales in China dropped 36.7 percent month on month in January, in terms of floor space. xhne.ws/fPtrh

- - - -

NEW YORK -- While fluctuations will continue, China's yuan will stabilize around current level as China's economy improves, and the country's relations with the U.S. advance, said a foreign exchange expert on Sunday.

"China's improving economy will certainly help the yuan as fundamentals are always the most important factor in currency movements however they take time to take effect," said Stephen Simonis Sr., Chief Currency Consultant at FXDD Global. xhne.ws/kjo33

- - - -

GUANGZHOU -- Six people were killed and three others injured after a minibus collided with a truck at a highway tunnel in southern China's Guangdong Province early Sunday, local police said.

The minibus from Dongguan city, rear-ended the truck and then caught fire at the expressway tunnel in Meixian County at 2:44 a.m. Sunday, said Meizhou City Public Security Bureau. xhne.ws/DMQT7

- - - -

TAIPEI -- Taiwan reported the first bird flu case of the H5N6 virus Monday, which authorities said was very similar to the avian virus plaguing the Republic of Korea (ROK).

The highly pathogenic H5N6 virus was confirmed in a dead gosling picked up at a farm road in eastern Hualien county, and part of its DNA sequence was 99 percent the same as the virus tested in ROK and Japan, the island's animal and plant inspection authority said. xhne.ws/51529

- - - -

SYDNEY -- International Pizza franchise, Domino's, has come under heavy criticism on Monday after evidence of unethical behavior regarding Visa fraud.

A phone call captured by an undercover Chinese student working for the Australian media outlet Fairfax, records a Domino's franchisee in North Queensland say in Mandarin "I will say straight that we want to sell this sponsorship, but you need to pay some money." xhne.ws/wLYn2
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