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China News 03/2012 (Page 11)



Spotlight falls on North Korean defectors' treatment in China
SEOUL — Last month Chinese security officials, in the span of several days, staged a series of roundups along the country's border with North Korea. They arrested between 25 and 33 North Korean defectors, aid workers say, and placed them in holding ...

European Stocks Post Biggest Weekly Loss of 2012
By Namitha Jagadeesh on March 23, 2012 European stocks posted their biggest weekly decline this year as economic data from China to the US and Europe raised concerns the global economic recovery is faltering. Randgold Resources Ltd. tumbled 13 percent ...

China's Not-So-Super Computers
By BOB DAVIS SHENZHEN, China—The supercomputer in this southern boomtown is named Nebulae for the interstellar clouds of gas that give birth to stars. The machine symbolizes China's soaring ambition to challenge the US and other developed nations in ...

REUTERS-SUMMIT-Miners keep a close eye on China
By Carole Vaporean | NEW YORK, March 23 (Reuters) - A warning this week from BHP Billiton that iron ore demand from China is flattening spooked metal markets, raising fears the world's largest consumer of basic raw materials could be heading for a ...

China: The Next Internship Frontier
By Alison Damast on March 23, 2012 James Critelli knew only five words of Mandarin, but he didn't let that stop him from applying last year for a summer internship in China, a country that's fascinated him since he accompanied his father there on a ...

Vipshop's Bumpy Debut Doesn't Worry DCM's Lin
By Lizette Chapman Ending a seven-month dry spell, Chinese luxury e-commerce site Vipshop Holdings made its public debut on NYSE Friday–the first Chinese company to list in the US since August. The stock priced at $6.50, well below its estimated range, ...

Cessna to develop a plan to build business jets in China
Its joint venture with the state-owned Aviation Industry Corp. of China lays the groundwork for Cessna to become the first US aircraft maker to manufacture business jets in the nation. Scott Donnelly, right, CEO of Cessna Aircraft parent Textron, ...

World stocks mixed ahead of US housing data
By PAMELA SAMPSON Asian markets fell Friday amid mounting jitters over China's manufacturing slowdown. European stocks advanced and Wall Street futures rose as traders awaited the release of US housing data. Benchmark oil hovered above $105 per barrel ...

China, Indonesia Sign Trade Deals
By ERIC BELLMAN JAKARTA - Chinese and Indonesian companies agreed to work together on infrastructure, mining and steel projects in Indonesia worth more than $17 billion, Indonesian President Susilo Bambang Yudhoyono said during an official visit to ...

More manufacturing work returns to US shores
In a corner of a manufacturing plant in St. Charles, a dozen workers steadily assembled electric motors that until December were produced in China. The Bison Gear & Engineering Corp. workers inserted copper wires, tested the assembly and then readied ...

China Sneezes, but It Isn't Flu–Just 7.5% Growth
By JONATHAN BUCK | MORE ARTICLES BY AUTHOR The giant Asian nation's economic rise is slowing, but China is still on a tear compared with the developed West. Here are a few European sectors and companies that will do worse (autos, metals and mining, ...

China Mobile Works to Rule the Waves
By KOPIN TAN | MORE ARTICLES BY AUTHOR China's huge wireless company faces plenty of investor skepticism, but there's reason to see opportunity in the shares. China Mobile may be one of the world's largest wireless companies, with more than 600 million ...

Heavy hand of China's censors fuels online frenzy
Bo Xilai's foothold near the summit of the Chinese Communist Party started to crumble recently. Earlier this week, I got an email from a nephew who lives in Japan. "The Washington Times is reporting coup rumors in Beijing due to the ouster of Bo Xilai ...

Many Chinese enjoy living in caves
Ma Liangshui, 76, has lived in caves around Yanan, China, for his entire life. "Life is easy and comfortable here ... I have everything I need," he says. Photo: BARBARA DEMICK / Los Angeles Times YANAN, China - Like many peasants from the outskirts of ...

Money And Investing In China: Mobile Kids, A Chinese Pinterest, Apps
Worries about slowing growth in China intensified on Thursday after a disappointing purchasing manager index report. What businesses in the country still look promising for investors? To find out, I sat down earlier this week at a Starbuck's on swank ...

Does Romney really want to diss 1.3 billion Chinese?
BEIJING — Mitt Romney has said a lot of tough things about China. But the former Massachusetts governor's words haven't troubled the Chinese people. This is because, over the last 20 years, the China policies of US presidents have always been milder ...

Chinese Art? All Roads Lead to Hong Kong
By DONALD FRAZIER / The New York Times FROM the moment you walk into the annual spring sale, there is a tension, bracing even for Hong Kong. Money, beauty and power mingle; paddles flash as serene Song dynasty bowls and exuberant Ming vases go under ...

Taoiseach to begin trade mission to China
Taoiseach Enda Kenny begins a four-day trade mission in China today, one month after the Asian giant's leader-in-waiting paid a visit to Dublin. Taoiseach Enda Kenny begins a four-day trade mission in China today, one month after the Asian giant's ...

Foxconn Group Raises China Wages for Third Time Since 201
Foxconn Technology Group (FOXCGZ) is hiring production workers in Taiyuan city of China's northern Shanxi province as it prepares to make Apple Inc. (AAPL)'s iPhone 5, the Morning Life Post reported on March 21, citing a Foxconn local employee surnamed ...

Hong Kong elites heed Beijing, pick Leung leader
AP Protesters display a poster of three candidates, from right, former convener of Hong Kong's Executive Council, Leung Chun-ying, Democratic Party chairman Albert Ho and Former Hong Kong Chief Secretary Henry Tang during a demonstration against ...

Ad Rise At China's Caijing Magazine Helps To Boost SEEC Media's Results
An 55% increase in advertising revenue at China's top business magazine, Caijing, helped to fuel strong financial results for the 2011 calendar year at SEEC Media Group. Sales at SEEC Media climbed by 37% in 2011 from a year earlier to HK$482 million, ...

Dance troupe Shen Yun back at Lincoln Center
By Gina Salamone / NEW YORK DAILY NEWS Brightly colored costumes, amazing acrobatics and classical Chinese dance helped a controversial performing arts group sell out five Lincoln Center shows in January. For those that missed out, Shen Yun Performing ...

For China, is the intention to be stable enough?
BEIJING — If China's government were a monolith, then reading its intentions from its actions would be much easier. There is never a guarantee that the words of a government reflect its true intentions. But there is no certainty that its actions do, ...

China Construction Bank's Net Climbs 25.5%
BEIJING—China Construction Bank Corp., the country's biggest lender to home buyers, said Sunday that its net profit rose 25.5% last year, even as the government tightened its grip on home loans as part of efforts to rein in soaring prices in the ...

China's Soft Landing Still May Be Hard for Commodity Exporters
The good news: China's government will engineer a soft landing. The bad news: Even a soft landing is painful for industries that have become dependent on the world's fastest-growing major economy as their main profit engine. Analysts at Deutsche Bank ...

Qantas, China Eastern Airlines to set up HK budget airline
* Qantas, China Eastern see JV starting operations in mid 2013 * JV to start with 3 aircraft, then expand to fleet of 18 * Alliance follows failed talks with Malaysian Airlines for premium carrier * Qantas shares up as much as 3.75 pct after ...

Sinopec 2011 profit up 2 percent as high crude costs, price controls squeeze ...
Sinopec 2011 profit up 2 percent as high crude costs, price controls squeeze ...

METALS-Copper extends gains on firm equities, euro
* London copper up 0.5 pct, after dropping 1.5 pct last week * Shanghai copper up 0.4 percent * Coming up: Germany March IFO business climate; 0800 GMT (Adds analyst, trader comment, detail, updates prices) By Melanie Burton SINGAPORE, ...

Slowing China growth hits CCB earnings, shares down
| HONG KONG (Reuters) - China Construction Bank (0939.HK), the world's No.2 lender, reported worsening credit quality and lower fee income in the fourth quarter as China's move to steer its economy towards a soft landing squeezed the financial services ...

Investors grapple with higher wages in "low-cost" China
By Lucy Hornby and Don Durfee | BEIJING (Reuters) - US lawnmower manufacturer Briggs & Stratton is used to worrying about turnover - just not the human kind. Like many foreign investors in China, the Milwaukee-based firm has been hit by a steady rise ...


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