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China News 02/2012 (Page 3)



China Bans Airlines From Joining EU Aviation Emissions System
Enlarge image China Bans Airlines From Joining EU Emissions System China Bans Airlines From Joining EU Emissions System Nelson Ching/Bloomberg An Air China Ltd. airplane burning a mixture of jet fuel and bio-liquid fuel taxis after landing at Beijing ...

Apple manufacturing plant workers complain of long hours, militant culture
By Chi-Chi Zhang, CNN Chengdu, China (CNN) -- Miss Chen stares curiously at the iPad. Even though she works overtime in a factory in southwestern China that manufactures them, she's never seen the finished product. "Wow, I want it," said Chen, ...

China Fund to Support Film Projects Worldwide
LOS ANGELES — If Chinese versions of Rupert Murdoch and Oprah Winfrey teamed up with, say, China's JP Morgan to start a film fund, this would be it. Sun Media Group, founded by Bruno Wu, who is often compared to Mr. Murdoch, and his wife, Yang Lan, ...

Good Brew: Happy Employees, Local Flair
By EMILY VEACH Starbucks Corp. posted faster revenue growth in Asia than anywhere else in the latest quarter. Even though the region only made up about 5% of global sales in the period ended Jan. 1, the Seattle, Wash.-based coffee company just ...

China Suffers From Lowest Lunar Sales Growth Since 2009: Retail
Feb. 6 (Bloomberg) -- Chinese shoppers on their Lunar New Year holiday were less lavish than expected by Hong Kong jewelers, curbed spending on beauty brands and slowed spending at South Korean stores. They may keep that pace in the coming year of the ...

On China visit, Harper picks up where Trudeau left off
The question could be posed of Prime Minister Stephen Harper's visit to China this week, but in this case it was actually asked 39 years ago, in a CBC news report I came across regarding the visit of a very different Canadian leader, Pierre Trudeau, ...

China's 'Sunshine' Trusts Miss Hedge-Fund Slump as Assets Triple
Enlarge image China's Quasi Hedge Funds Avoid Global Malaise China's Quasi Hedge Funds Avoid Global Malaise Qilai Shen/Bloomberg Pedestrians are reflected in the window at a securities exchange firm in Shanghai. Chinese millionaires, who are restricted ...

Emerging Stocks Fall as Greek Talks Drag on, IMF Warns on China
By Jason Webb and Zachary Tracer Feb. 6 (Bloomberg) -- Emerging-market stocks fell as Greek leaders debated spending cuts needed to obtain more financial aid and the International Monetary Fund said China's economic growth may almost halve if Europe's ...

'Autumn in the Heavenly Kingdom' by Stephen R. Platt
There should be a term in German that describes the sinking feeling you have when reading a serious book of scholarship, one whose determined author deserves praise and tenure, that no civilian reader should pick up, that will not warm in your hands, ...

Emerging Stocks Fall as Greek Talks Continue, IMF Warns on China
By Jason Webb and Zachary Tracer Feb. 6 (Bloomberg) -- Emerging-market stocks fell as Greek leaders debated spending cuts needed to obtain more financial aid and the International Monetary Fund said China's economic growth may almost halve should ...

Chinese banks cut exposure to euro zone -paper
| BEIJING Feb 7 (Reuters) - Chinese banks and companies in the northern port city of Tianjin have cut their exposure to Europe as the euro zone debt crisis festers, the official Financial News reported on Tuesday. In a recent survey of 53 banks and 15 ...

The Year of the Dragon is also the Year of the Baby
Many Asian American families are preparing to grow in the Year of the Dragon, which according to centuries-old tradition is a particularly promising year to have a child. The dragon dance celebrates the lunar new year at Hsi Lai Temple in Hacienda ...

CNPC eyes gas output rise of 5 pct or more in 2012 -paper
| BEIJING Feb 7 (Reuters) - China National Petroleum Corp (CNPC) plans to raise its natural gas output to a level of 79.3 billion-82.1 billion cubic metres (bcm) this year, the largest Chinese oil and gas producer said in a company newspaper on Tuesday ...

Yum Profit Leaps On China Growth
By BEN FOX RUBIN Yum Brands Inc.'s fourth-quarter net income rose 30% as the fast-food company's sales in China continued to grow and US sales improved. Shares were up 2.4% to $64.71 in after-hours trading Monday as Yum's earnings and revenue beat ...

PBOC Suspends Bill Sale For Fifth Straight Week
(Adds IMF's forecast for China's economic growth in 2nd paragraph, repo offering rate in 3rd paragraph, analyst's comment in 5th paragraph and interbank seven-day repo rate in 6th paragraph.) SHANGHAI (Dow Jones)--China's central bank on Tuesday ...

Citigroup Gets Approval for China Credit Cards
SHANGHAI—Citigroup Inc. said it will issue credit cards on its own in China, as it looks to capitalize on the country's increasing consumption as well as to expand in the world's second-largest economy. The US bank, which already has co-branded credit ...

From Pope to Pork Sales: Iowa Gets Excited Over Xi Visit
A visit by Chinese Vice President Xi Jinping to Iowa is only rivaled by Soviet Premier Nikita Khrushchev and Pope John Paul II. That's the opinion of Terry Branstad, the state's governor. He talked about next week's visit by Xi, the man expected to ...

China's Stocks Decline Most in Eight Weeks on Concern Slowdown Will Worsen
China's stocks fell, driving the benchmark index to its biggest loss in eight weeks, on concern a slowdown in the economy is hurting earnings as Europe's debt crisis curbs exports to the nation's biggest market. Jiangxi Copper Co. retreated 2.4 percent ...

China Resources Land, SATS, Toppan, Toyota: Asia Stocks Preview
By Norie Kuboyama Feb. 7 (Bloomberg) -- The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after ...

China Forges Arab Ties, Hedging Bets in the Gulf
To celebrate Chinese New Year last month, Dubai's swankiest hotel bathed its sail-shaped facade in red lighting accented with an image of a twisting golden dragon. The gesture by the $2300-a-night Burj al-Arab was a not-so-subtle nod to the tightening ...

China Credit Cards, Danish Loans, Mortgage Deal: Compliance
By Carla Main and Ellen Rosen (Adds mortgage deal and Express Scripts-Medco in Compliance Action and Bank of America in Courts.) Feb. 7 (Bloomberg) -- China's decision to allow Citigroup Inc. to issue credit cards in its own name may signal a step ...

Kidnapped Chinese workers in Sudan freed
By Ulf Laessing and Sui-Lee Wee | KHARTOUM/BEIJING (Reuters) - Sudanese rebel forces released 29 Chinese workers kidnapped ten days ago in the main oil-producing state of South Kordofan, where the army has been fighting insurgents for seven months, ...

China raises fuel prices 3-4 pct to record highs
* Retail gasoline, diesel up 300 yuan/T, or 3.5 pct * First hike in 10 mths * Soliciting public opinion for new fuel scheme (Adds official comment, write throughout) By Judy Hua and Chen Aizhu BEIJING, Feb 7 (Reuters) - China will raise the ceiling for ...

Total Says SunPower Can Withstand China Solar Panel Competition
By Francois de Beaupuy and Tara Patel Feb. 7 (Bloomberg) -- SunPower Corp., the US solar panel- maker controlled by Total SA, is strong enough to resist competition from Chinese manufacturers until the industry revives in 2014, an executive at the ...

US trip of China's next leader: From Obama to Iowa
(AP) BEIJING — In 1985, Xi Jinping led a delegation to Muscatine, Iowa, to study advanced hog-raising techniques. He returns next week, preparing to lead the world's most populous nation. China's vice president, who will take over the presidency from ...

Sands China, Cirque du Soleil Call Early End to Show Contract
By KATE O'KEEFFE HONG KONG—After three-and-a-half years, the Macau unit of Las Vegas Sands Corp. and Cirque du Soleil said Tuesday that they are putting an end to their 10-year contract. The Quebec-based entertainment company will perform its last ...

China Lone BRIC Among Top Emerging Markets
Enlarge image The world's second-largest economy The world's second-largest economy Sim Chi Yin/Bloomberg As the world's second-largest economy, China commands the attention of investors even though the International Monetary Fund projects that it's ...

China Central Bank Vows Support for Homebuyers
Enlarge image China's PBOC Pledges Support for Home Buyers as Sales Slide China's PBOC Pledges Support for Home Buyers as Sales Slide Nelson Ching/Bloomberg Officials will increase support for construction of affordable housing and ensure that “loan ...

US trip of China's next leader: From Obama to Iowa
BEIJING— In 1985, Xi Jinping led a delegation to Muscatine, Iowa, to study advanced hog-raising techniques. He returns next week, preparing to lead the world's most populous nation. China's vice president, who will take over the presidency from Hu ...

China Needs a Hard Landing to Cleanse System: Fund Manager
After the US and Europe, China's economy is going to be next in line for a major credit crisis and Chinese policymakers must allow a hard landing to "cleanse" the economy, Bill Smead, CEO and Chief Investment Officer at Smead Capital Management told ...


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