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China News 03/2012 (Page 12)



METALS-Copper rises as Fed policy expectations hit dollar
* US needs faster growth to lower jobless rate: Bernanke * Sentiment among Chinese investors remains downbeat * US Feb home sales dip By Maytaal Angel LONDON, March 26 (Reuters) - Copper rose on Monday as the dollar fell on expectations Federal Reserve ...

UK Seeks Probe Into China Death
By JEREMY PAGE A new twist emerges in the Bo Xilai drama as suspicions grow about the death last year of a British businessman in the city of Chongqing. The WSJ's Deborah Kan speaks to Beijing Bureau Chief Andy Browne. BEIJING—The UK has asked the ...

Hilton Eyes Bigger Slice Of Chinese Growth
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Hilton Worldwide is ready to accelerate its expansion plans for China and could launch a brand targeted at Chinese travelers, as the owner of the iconic hotel chain strives to keep pace with ...

Asian Stocks Advance as Higher Commodity Prices Offset US Data
Asian stocks fell for a second day, extending last week's loss, amid concern exporter earnings are deteriorating and that Chinese banks may have understated the risks of loans to local governments. BYD Co. (1211), the carmaker partly owned by Warren ...

WSJ UPDATE: Apple CEO Meets Chinese Officials As Company Expands China Footprint
By Loretta Chao Of the Wall Street Journal BEIJING (Dow Jones)--Apple Inc. (AAPL) Chief Executive Tim Cook met Chinese government officials in Beijing Monday, a company spokeswoman said, as the consumer electronics giant moved ahead with an expansion ...

China Life 2011 Net Slumps 45%
SHANGHAI—Net profit at China Life Insurance Co., the nation's biggest life insurer by premiums, plunged 45% in 2011 as China's stock-market losses battered the company's investment performance. The stock-market rout, coupled with slower premium growth ...

China's Wen: corruption could threaten power structure
| BEIJING (Reuters) - China could face a threat to its power structure unless it stamps out rampant corruption among officials, Premier Wen Jiabao was quoted as saying on Monday. The latest statement from Wen, who has long pushed to eradicate ...

Australia bans Chinese company from Web network
Australia has banned Chinese technology giant Huawei from bidding to help build a nationwide high-speed Internet network due to concern about cyber attacks traced to China. By ROD McGUIRK and JOE McDONALD Associated Press No comments have been posted ...

In the Middle Kingdom's Shadow
China's high investment and labor productivity growth are challenging Southeast Asia to play catch-up. By YUKON HUANG The West is obsessively asking how China's economic rise will affect it. The less-asked—but equally significant—question is what ...

Baidu Leads Stock Climb on Fed Easing Prospects: China Overnight
Chinese equities traded in the US advanced for a second day, led by Baidu Inc. (BIDU), on prospects further easing in US monetary policy will spur demand for goods from the world's biggest exporter. The Bloomberg China-US Equity Index (CH55BN) of the ...

UK asks China to investigate death in ousted Bo's city
By Tim Castle and Chris Buckley | LONDON/BEIJING (Reuters) - Britain has asked China to investigate the death of a British man in the southwest Chinese city of Chongqing formerly run by Bo Xilai, the leadership contender whose abrupt ousting shook the ...

China's Industrial Company Profits Fall 5.2% on Exports
By Bloomberg News on March 26, 2012 Chinese industrial companies had their first January-February profit decline since 2009 as slowing exports and a government campaign to cool property prices damped earnings. Net income dropped 5.2 percent from a year ...

Sinopec's Fu Says $2 Billion Joint Bid for China Gas 'Fair'
China Petroleum & Chemical Corp. (386), which jointly bid for China Gas Holdings Ltd. with ENN Energy Holdings Ltd. (2688) for HK$15.3 billion ($2 billion), said the offer is “fair” and reflects the company's value. “We cannot pay a price that's higher ...

China financial reform pilot may allow overseas investment: report
| SHANGHAI (Reuters) - Chinese authorities are finalizing plans for a financial reform experiment that would let individuals in one Chinese city invest in overseas financial assets, local media reported on Tuesday, marking an important step towards ...

Zoomlion Ends Slump After Unit-Sale Reassurance: Hong Kong Mover
Zoomlion Heavy Industry Science & Technology Co. (1157) headed for the first gain in seven trading days after reassuring investors about the planned sale of a sanitation-equipment unit that's its fastest-growing business. The company rose as much as ...

Economist: World Bank Suggestions for China Reform “Garbage”
A woman uses a pickaxe to break up a collapsed wall to obtain recyclable materials at a demolition site, located near a residential area that is under construction, in Hefei, Anhui province March 13, 2012. The World Bank's 2030 report on the reform ...

China Pushes Pension Discipline
By SHEN HONG SHANGHAI—China's Ministry of Finance has warned regional authorities against investing local pension funds in any but the most conservative assets, signaling its wariness over a pilot project that could allow them into the country's ...

JX Nippon says stocks weigh on China copper demand
By Yuko Inoue and Yuka Obayashi | TOKYO (Reuters) - The appetite for copper remains weak in China, weighed down by swollen inventories and tight monetary policy, with destocking likely to continue until after May, according to JX Nippon Mining and ...

Irish Govt,China CIC Sign MOU On Possible Ireland Investments
By Paul Hannon and Eamon Quinn LONDON (Dow Jones)--Ireland's debt management agency and China's sovereign wealth fund Tuesday signed a memorandum of understanding declaring their intention to work together to identify possible investments in the ...

Why China won't be innovative for at least 20 more years
Xu Xiaoping, one of China's most prominent angel investors, doesn't think China will be able to produce its own equivalent of Steve Jobs or Bill Gates in this generation. On Saturday, I went to a Yale Club of Beijing talk by Xu Xiaoping at Peking ...

China's Surprising US Buying Spree
By Dexter Roberts on March 27, 2012 Guess which country this describes: US exports to here are up 542 percent since 2000, compared with an 80 percent rise in US sales to the rest of the world. Last year this country's purchases of US goods grew 13.1 ...

The trouble with China's Huawei
By David Goldman @CNNMoneyTech March 27, 2012: 12:23 PM ET NEW YORK (CNNMoney) -- More bad news for Chinese telecom giant Huawei this week is raising questions about the company's ability to do business with the West. Huawei, which is second only to ...

Web Stocks Rise on Consumption Boost Prospects: China Overnight
Solar stocks led a decline in Chinese shares traded in New York on speculation that Italy will follow Germany in cutting subsidies to the industry, dimming the outlook for global installations. LDK Solar Co. tumbled the most in four days while Trina ...

China amid weird, wacky building boom
By Calum MacLeod, USA TODAY By Calum MacLeod,, USA TODAY The Emperor Hotel in Yanjiao is designed in the shape of three deities: the Chinese gods of good fortune, prosperity and longevity. By Calum MacLeod,, USA TODAY The Emperor Hotel in Yanjiao is ...

Romney would squeeze China on currency manipulation-adviser
* Romney is front-runner in Republican race for White House * Obama, Bush declined to name China a currency manipulator * House Republicans fear triggering a trade war * White House considering auto parts case versus China By Doug Palmer WASHINGTON, ...

Awarded Abroad, China's National Liquor Takes Hit at Home
Artwork displaying the historic past of the Chinese liquor baiju is displayed in the Maotai National Liquor Culture City in the Maotai section of the Renhuai District in Zunyi, Guizhou Province, China, on Thursday, April 7, 2011. The makers of Moutai, ...

No Takeoff Yet for China's Private Jets
By ANDREW GALBRAITH China's private jet demand is throttling up, but regulatory and infrastructure barriers mean the sector isn't cleared for takeoff just yet. At the Asian Business Aviation Conference in Shanghai this week, the world's aircraft makers ...

China's Stocks Decline to 7-Week Low on Profit, Growth Concerns
By Weiyi Lim and Belinda Cao on March 27, 2012 China's stocks fell to a seven-week low after some of the nation's largest metals producers reported slumping earnings, boosting concern slowing economic growth and tight monetary policies are hurting ...

China allows detained rights lawyer first visit in two years
By Sui-Lee Wee | BEIJING (Reuters) - China's best known rights lawyer, Gao Zhisheng, whose case is a sore point in Sino-US relations, was allowed a visit from his family last weekend, the first time he has been seen for nearly two years, his wife said ...

China's ZTE profits slide on weak telecoms spending
* Q4 net profit slides 48 pct * FY net down 37 pct on weak telco spending, forex losses * Shares down 13 pct in last two weeks By Lee Chyen Yee and Yuntao Huang HONG KONG, March 28 (Reuters) - China's ZTE Corp , the world's fourth-largest handset ...


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