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China News 02/2012 (Page 4)



China Car Service EHi Said to Hire Goldman, Barclays for IPO
By Fox Hu and Zijing Wu Feb. 8 (Bloomberg) -- EHi Car Rental, a vehicle-sharing network in China part-owned by Goldman Sachs Group Inc., hired Deutsche Bank AG and Barclays Plc for its US initial public offering, said two people with knowledge of the ...

China's Li Says Affordable Housing Tests Government Credibility
By Bloomberg News Feb. 8 (Bloomberg) -- Vice Premier Li Keqiang said the government's ability to distribute affordable housing fairly will be an important test of its credibility. Li, a candidate to replace Wen Jiabao as China's premier after a ...

China May Invest Tens of Billions of Euros to Assist Europe, Academic Says
Enlarge image Germany's Chancellor Angela Merkel Germany's Chancellor Angela Merkel Nelson Ching/Bloomberg Angela Merkel, Germany's chancellor. Enlarge image China's Premier Wen Jiabao China's Premier Wen Jiabao Michele Tantussi/Bloomberg Wen Jiabao, ...

BOJ deputy governor calls for greater China mkt deregulation
| TOKYO Feb 8 (Reuters) - China should further deregulate capital flows to deepen Asian financial markets and make them more resilient to external shocks, a Bank of Japan deputy governor said on Wednesday. The country should liberalise its markets so ...

Chinese state TV to air in U.S.
By AP China Central Television tower is visible in skyline of Beijing. The Chinese state TV news is coming to the US via CCTV America. BEIJING — Chinese state broadcaster CCTV is launching its American service this week as part of a major overseas ...

Chinese Policy Banks Looking to Make Yuan Loans in Latin America
By LINGLING WEI BEIJING—Chinese policy banks are seeking to expand lending to commodities-rich countries in Latin America using the Chinese yuan instead of the dollar, part of a broader government effort to promote international use of the yuan, ...

India upgrades its military with China in mind
By Nirmala George AP / February 8, 2012 NEW DELHI—In recent weeks, India has decided to buy 126 fighter jets from France, taken delivery of a nuclear-powered submarine from Russia and prepared for its first aircraft carrier -- modernizing its military ...

China police chief may seek US asylum
BEIJING (AP) – The former top cop of a major Chinese city has dropped from sight amid unconfirmed reports he is seeking US asylum following a quarrel with one of China's most powerful local politicians. Former Chongqing city police chief Wang Lijun may ...

China Increases Presence in Japan Debt Market
By MEGUMI FUJIKAWA And KELLY OLSEN TOKYO–China greatly increased its presence in the Japanese debt market last year, a move likely to give ammunition to those calling on Beijing to open up its own financial markets. China has moved gradually to ...

China Auto Demand Robust Say Faurecia, Industry Analysts
FRANKFURT (Dow Jones)--Luxury car sales in China are proving surprisingly resilient, bolstering analysts' confidence that Germany's premium auto makers and their suppliers can sustain chunky profit margins in a region on which they are increasingly ...

Apple faces $1.6 billion lawsuit over iPad name
Proview Technologies is fighting Apple over the use of the iPad name in China.AP Print Email Share Comments Recommend Tweet After weathering a legal challenge in China from Apple Inc. over the iPad name, a Chinese affiliate of a Hong Kong company says ...

Shanghai Tower elevator to climb at 40 mph
by Tim Hornyak February 8, 2012 8:24 AM PST Follow @robotopia The 128-story, 632-meter Shangai Tower, at right, is going up by the Jin Mao Tower and the Shanghai World Financial Center. How fast can you go up? Mitsubishi Electric recently unveiled ...

Reel China: Hard-pressed documentary makers keep rolling
By Calum MacLeod, USA TODAY BEIJING – Their subjects include people living at the margins of society, fighting property demolition, tracing the death of relatives persecuted under Chairman Mao, and even a government official discussing the corruption ...

Hong Kong shares seen lower, China inflation data eyed
HONG KONG, Feb 8 (Reuters) - Hong Kong shares could start lower on Thursday, as benchmark indices retreat from chart resistance levels ahead of the release of China's January inflation data. Beijing is expected to post January inflation data shortly ...

Chinese espionage cases touch DuPont, Motorola
By Dan Levine and James Kelleher | SAN FRANCISCO/CHICAGO (Reuters) - US prosecutors expanded a criminal case over the alleged theft of industrial secrets from chemical giant DuPont, securing an indictment against a Chinese company on economic ...

Chinese-born American convicted of stealing trade secrets; acquitted of ...
Chinese-born American convicted of stealing trade secrets; acquitted of ...

In China, Chongqing official's disappearance sparks asylum rumor
Chongqing Vice Mayor Wang Lijun disappeared after a visit to a US Consulate. One website says he is under investigation and has been transferred to Beijing. The scandal involving Vice Mayor Wang Lijun may derail a Communist Party secretary in Chongqing ...

Lenovo Net Profit Surges 54%
By YVONNE LEE HONG KONG—Chinese computer maker Lenovo Group Ltd. on Thursday reported a better-than-expected 54% increase in net profit for its fiscal third quarter on strong growth in personal-computer shipments in China. But the company warned that ...

Censored Chinese artist's photos coming to NYC
AP NEW YORK — Liu Xia is a forbidden artist whose work is censored in her native China. The photographer, who is under house arrest, uses life-like dolls as metaphors for the pain and suffering of the Chinese people. Liu knows what it is to work in an ...

Chinese espionage cases touch DuPont, Motorola
By Dan Levine and James Kelleher SAN FRANCISCO/CHICAGO Feb 8 (Reuters) - US prosecutors expanded a criminal case over the alleged theft of industrial secrets from chemical giant DuPont, securing an indictment against a Chinese company on economic ...

China skirting African corruption in direct aid gifts; Uganda's president gets ...
China skirting African corruption in direct aid gifts; Uganda's president gets ...

Most Hong Kong Stocks Rise as Greece Talks Temper China Concern
Feb. 9 (Bloomberg) -- Most Hong Kong stocks gained, as optimism Greece will secure a second bailout eased concern that China will maintain anti-inflation policies after price gains unexpectedly accelerated in January. Cosco Pacific Ltd., which operates ...

Suntech Leads NY Stock Climb on Solar Demand: China Overnight
Feb. 9 (Bloomberg) -- Chinese solar companies climbed, driving an index of the nation's stocks traded in New York to gain the most in a month, as Renewable Energy Corp. ASA said demand for the technology is shifting to Asia and the US Suntech Power ...

Prince George's adds Chinese immersion at elementary school
The Prince George's County teacher lifted a foam object from an orange bucket in her lap and waited for someone in the kindergarten class to identify its shape. Not in English. Not even in Spanish. Instead, the answer came in another language gaining ...

Rift heading to China, in 'biggest game deal ever' for a Western MMO
by Christian Nutt [Social/Online, Business] Trion CEO Lars Buttler revealed today that his company's MMO Rift is coming to Chinese audiences via Chinese MMO giant Shanda -- and that this is just another step in the company's plans for global domination ...

Easing the US Visa Hassle for Tourists Who Shop
By Ashley Lutz For the past decade, Michael Gould says he's watched with envy as a “stupefying” number of Chinese tourists lined up outside the doors of high-end boutiques in Paris, Rome, and other European cities. “We find it frustrating to see ...

Prince George's County elementary school adds Chinese immersion program to ...
Prince George's County elementary school adds Chinese immersion program to ...

Chinese Recession May Pummel Commodities, Smead Capital CEO Says
By Ann Koh Feb. 10 (Bloomberg) -- China is at risk of falling into a recession by about 2015 that would reduce commodity prices as much as 70 percent, according to the chief executive officer at Smead Capital Management Inc. Commodities from copper to ...

Chinese emigrants' exodus on the rocks
By Lan Fang BEIJING ( Caixin Online ) — Sixty-year-old entrepreneur and family man Qiu worked hard to fulfill a dream by immigrating to Sweden. He never expected a nightmarish police interrogation to follow. The questioning began after authorities in ...

In Latin America, Chinese cars are gaining buyers
Chinese brands, with their low prices, are selling like hot cakes as Latin America's consumer class expands amid rising incomes. Cars made by Chinese company JAC Motors are on display at a dealership in Rio de Janeiro. The low cost of Chinese cars is ...


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