Month: August 2013

Japan eyes defence budget increase, Marines-like unit

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Soldiers from Japan's Ground Self Defence Force patrol near a Patriot Advanced Capability-3 (PAC-3) missile launcher deployed at the Defence Ministry in TokyoSoldiers from Japan’s Ground Self Defence Force patrol near a Patriot Advanced Capability-3 (PAC-3) missile launcher deployed at the Defence Ministry in Tokyo on April 11, 2013. Japan’s defence ministry is looking for its biggest budget hike in two decades, partly to create a Marines-like force, it revealed Friday, as neighbours fret about Tokyo’s rising assertiveness.Read Full Article

China Minsheng Banking Turns to Small-Business Loans — Strategy Puts Lender at Ground Zero as Nation Tries to Overhaul Financial System

By WILLIAM KAZER | The Wall Street Journal

A paddle boat glides through Beijing's Houhai lake district. Businesses such as the paddle-boat concession are critical for Minsheng.

A paddle boat glides through Beijing’s Houhai lake district. Businesses such as the paddle-boat concession are critical for Minsheng.

BEIJING—Xue Ming, a dairy farmer from the grasslands of Inner Mongolia, used a loan of a million yuan from China Minsheng Banking Corp.… Read Full Article

‘The Grandmaster’: Romantic Kung Fu Movie Touts ‘Love at First Fight’

By CASSIUS KIM via Nightline

The latest kung-fu movie import hitting American theaters is a love letter to the man who trained Bruce Lee and is tapping into a new generation of kung fu movie lovers.

Directed by Hong Kong auteur Wong Kar Wai, “The Grandmaster” is loosely based on a true story about Ip Man, the martial artist who taught a young Bruce Lee the fundamentals of Wing Chun kung fu.… Read Full Article

Daimler’s Mercedes-Benz outlines strategic plan for China growth

ReutersBy Norihiko Shirouzu | Reuters

The bonnet emblem of a Mercedes-Benz car is pictured in a dealership of German car manufacturer Daimler in Munich May 17, 2013. REUTERS/ Michaela Rehle

The bonnet emblem of a Mercedes-Benz car is pictured in a dealership of German car manufacturer Daimler in Munich May 17, 2013. REUTERS/ Michaela Rehle

BEIJING (Reuters) – Daimler AG’s (DAI.DE) Mercedes-Benz will launch around 20 new or upgraded car models in China over the next two years, part of a broader turnaround effort aimed at reversing the brand’s recent struggles in the world’s biggest auto market.… Read Full Article