Billionaire investment sage George Soros sat down with CNBC's Maria Bartiromo as he met with other tycoons at their annual pow-wow in Davos. (Check out the other big shots that showed up)
Soros, who heads Soros Fund Management and has amassed a fortune worth $13 billion, shared his thoughts about the stimulus (it worked), U.S. banks (they're still too big), China (it's growing too fast), and the U.S. Dollar (better to keep it weak). Here are some of his thoughts.
Read more: Soros: Curb Banks, Slowdown China, Keep Dollar Weak.
China has decided to ban consumption of dog and cat meat in the country through a new law which seeks a fine of $730 and up to 15-day detention for offenders.
A proposed draft of China's first law on animal welfare, being prepared by a panel of legal experts, has provision of a fine of up to 5,000 yuan ($730) and up to 15 days' detention for the guilty.
Those found guilty of selling the meat can be fined anywhere between 10,000 yuan to 500,000 yuan, China Daily reported quoting Beijing-based Mirror Evening News.
'There are still many difficulties to overcome before (legislators) include the article against consumption of dog and cat meat into the draft law,' Chang Jiwen, head of the legal panel was quoted as saying.
'I hope the problem can be solved as soon as possible, although it will be solved sooner or later,' he said.
State Nuclear Power Technology Corp (SNPTC), a major nuclear power developer in China, said yesterday its first third-generation nuclear power reactor is expected to start operations in August 2013, marking the first use of the technology in the country.
Following the completion of the first reactor, located in the Sanmen nuclear power project in Zhejiang province, the company's other three reactors will start generating power by 2013 and 2014, said Wang Binghua, chairman of SNPTC.
The four reactors, which use the AP1000 technology from the US-based Westinghouse, each has capacity of 1,250 mW. SNPTC signed an agreement with the Westinghouse-led consortium for the use of the technology to build four reactors, a pair in Sanmen in Zhejiang and another two in Haiyang in Shandong.
Among the four reactors, construction of three reactors began last year.
SNPTC, which is responsible for the import and localization of the third-generation nuclear power technology, is also preparing for the construction of China's first three inland nuclear power projects in Hubei, Hunan and Jiangxi provinces.
The three projects will also use the AP1000 technology. They will meet the requirements for starting construction this year, said Wang.
Read more: Sanmen nuclear reactor to start in 2013, says SNPTC
Li Enwang, with 2 choppers in hands, stands on the main road of Dongguan on 2010.01.26. Before that he called news paper agency to send journalist.
Li Enwang, 30-year old, came from Bo Bai, Guangxi province. He states that he is suffering endless headache after got hit on head during work. He claimed 30,000RMB medical fee, but been refused by his company.
Microsoft Corp chairman Bill Gates has described Beijing's efforts to censor the Internet as "very limited", saying corporations which operate in China should abide by the local law.
In an interview on ABC's Good Morning America on Monday about Google's dispute with China, Gates said the Internet is subject to different kinds of censorship around the world, noting that Germany forbids pro-Nazi statements that would be protected as free speech in the United States.
"And you've got to decide: Do you want to obey the laws of the countries you're in, or not? If not, you may not end up doing business there," Gates, the world's richest man, said without mentioning the search engine giant by name.
"The Chinese efforts to censor the Internet have been very limited and so I think keeping the Internet thriving there is very important."
He declared he was unimpressed and a bit perplexed by Google's recent threat to shut down its operations in China, citing disagreements with government policies and unspecified attacks.
One may or may not agree with the laws in China, Gates said, but nearly all countries have some controversial laws or policies, including the United States.
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