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News in Pictures

Seemingly unfazed at being ousted from the Asian Athletics Association, scam-tainted Suresh Kalmadi on Monday said losing the presidential re-election bid to Qatar’s Dahlan Jumaan Al-Hamad has actually given him a chance to work at the “grassroots” level.
“I have no issues today and I congratulate Mr Al-Hamad for being elected as President. I am rather relieved that I will be able to work at the grassroots level in athletics,” Mr. Kalmadi said after losing the vote during the ongoing AAA Congress in Pune.

International News

China to further open economy

Friday - Feb 03, 2012, 06:21pm (GMT+5.5)
[+] Text [-]

Beijing - China will further open up its economy and maintain a "balanced and sustainable economic growth" in the near future, Vice Premier Li Keqiang said.

The country is undergoing accelerating industrialization and urbanization, Li said. China will implement a "proactive" strategy to promote liberalization of the economy.

Li was addressing a function Friday to celebrate the 100th anniversary of Bank of China Ltd., the central bank, in Beijing, China Daily reported.

"Financial and other types of enterprises should seek for opportunities and participate in competition on equal basis amid the opening up," he said.

"Chinese companies could improve complementary strengths and grow together with their foreign counterparts," he added.


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