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China News 03/2012 (Page 2)



Copper Market's Problems Are Starting to Pile Up Quietly
By TATYANA SHUMSKY There is no shortage of buyers for copper right now. But it takes more than that to sustain a rally. Copper futures bounced into 2012, racking up a 16% gain over the first six weeks to trade near $4 a pound amid expectations that ...

Nigeria Tilts Its Reserves to Yuan
By PATRICK MCGROARTY CAPE TOWN, South Africa—Nigeria's central bank has added the equivalent of $500 million in Chinese yuan to its reserves and plans to buy seven times that amount, in a shift that underscores booming commerce between China and the ...

Protect Ohio jobs from Chinese imports: Scott Paul
By Plain Dealer guest columnist They still don't get it. Candidate after candidate barnstorms through Ohio, pledging allegiance to American manufacturing and professing a love for "Made in America." But when the going gets tough, no presidential ...

Joe Biden's Steve Jobs dilemma
Vice President Joe Biden's new pitch for why America will always beat China leads right back to China. Picking up President Barack Obama's praise of Steve Jobs in the State of the Union, Biden used a jobs speech in Iowa this week to tout the Apple ...

Chinese protesters become new village leaders in test of grass-roots democracy
WUKAN, China — Two protesters who led a rebellion against officials accused of stealing farmland were elected Saturday to run their fishing village in a much-watched election that reformers hope will promote democracy as a way to settle many of the ...

Raffles, Starbucks, Big Macs Make It in China But Not India
A look at the hotel business in China and India can tell a lot about some key economic differences between the rising dragon and tiger nation. In China, there's no shortage of brand-name hotels with high quality standards, many of them from other parts ...

From Zynga To Flipboard: Why All Eyes Are On China For The Next Mobile Boom
Editor's note: Chris Shen is vice president at Chinese gaming company The9. Prior to joining The9, he served as group account director and account director for several advertising agencies in Shanghai and Taipei. If you spend any time speaking with ...

TV show that interviews death row prisoners a hit in China
It was meant to deter potential criminals but China's latest TV show that interviews prisoners on death row has become a prime time hit. Interviews Before Execution, a show that airs every Saturday night in China, has millions of people gathering ...

Crude attempt to weave a web of deceit
YOURSAY 'This is just another attempt by Chandra to smear Anwar by painting him as not anti-Israel/Zionist and a would-be puppet of US.' 1) Get Malay votes by highlighting Anwar Ibrahim's Jewish connections. 2) Get Chinese votes by praising a ...

Wahaha Says Profit May Rise More Than 40% This Year, Seeks Overseas Milk
Hangzhou Wahaha Group Co., the beverage maker owned by China's second-richest man, is targeting a more than 40 percent increase in profit this year as it develops higher-margin products such as health drinks. Chairman Zong Qinghou, 66, ...

Virtual path to renminbi
By Sophia Grene Stratton Street Capital's Renminbi Bond Fund is an odd beast. Launched in November 2007 to take advantage of predicted growth in the Chinese bond market, it has returned 53.7 per cent to investors in that time, but has yet to buy a ...

China boosts defense budget by 11.2 percent for 2012
By Chris Buckley | BEIJING (Reuters) - China will boost military spending by 11.2 percent this year, the government said on Sunday, unveiling Beijing's first defense budget since President Barack Obama launched a "pivot" to reinforce US influence ...

Wahaha Seeks Expansion
By LAURIE BURKITT BEIJING—Chinese billionaire Zong Qinghou, whose Hangzhou Wahaha Group Co. is one of China's largest beverage makers, says he is facing uphill challenges in an effort to expand and invest overseas at a time when the country's leaders ...

China's CIC in $30 Billion Capital Boost
By LINGLING WEI BEIJING—China Investment Corp. has received about $30 billion of new capital from the Chinese government, a senior CIC executive said on Sunday, giving the sovereign-wealth fund additional firepower in a time when it has become a much ...

Critics Worry About Influence of Chinese Institutes on US Campuses
LONDON — Stanford University welcomed one with open arms. The University of Pennsylvania took a look and passed. Columbia University has one, and so does the London School of Economics. But last month, Dickinson State College in North Dakota became ...

Apple's iPhone Opportunity in China Keeps Getting Bigger
We've been talking an awful lot about Apple's opportunities in China around these parts. As if we needed more evidence of Cupertino's explosive potential within the country, China's government has given us just that. According to government estimates, ...

China Car Sales Seen Having Worst Start Since 2005 on Economy
Automobile sales in China, the world's biggest car market, may be having their worst start in seven years as a slowing economy and record gasoline prices keep consumers away from dealerships. Deliveries of passenger autos, including sport-utility ...

China Plans Lower Budget Deficit for This Year as Economic Growth Cools
China plans to run a budget deficit little changed from last year as the government targets lower economic growth amid a slowdown in the property market at home and weaker demand for exports. The gap will narrow to 800 billion yuan ($127 billion) in ...

Zong: China's Private Sector Needs Bigger Role
By Bloomberg News on March 04, 2012 Zong Qinghou, China's second-richest man, called on the government to increase the role of private business in the economy and said the nation's prospective next president agrees. The 66-year-old self-made ...

China finally ready Asian Champions Leag
China's cashed up football clubs are ready to end a 22-year drought in the Asian Champions League starting Tuesday. These days China's domestic teams are among the richest in the world, and of the 32 teams from all corners of the Asian Football ...

China One-Child Policy Poses Risks for Next Leaders
(Corrects story originally published March 2 to show in third paragraph that the Brookings-Tsinghua center's view on growth risks incorporates a range of influences.) As the world's largest national congress meets in Beijing to prepare for new ...

METALS-LME copper clings to gains on China hopes
* China targets 2012 GDP growth of 7.5 pct * HSBC China services PMI at 4-month high * Coming Up: US non-manufacturing PMI, 1500 GMT (Adds comments, updates prices) By Manolo Serapio Jr SINGAPORE, March 5 (Reuters) - London copper edged higher on ...

Glaxo to Hire Hundreds in China as Reforms May Widen Access to Its Drugs
GlaxoSmithKline Plc (GSK) is adding new products in China and hiring “a few hundred” more salespeople to promote them, betting that health-care reforms will widen access to drugs and make up for state-mandated price cuts. The drugmaker will expand its ...

China local govts can clear 10.7 tln yuan debt pile - official
By Zhou Xin and Koh Gui Qing | BEIJING, March 5 (Reuters) - China's local governments have the financial resources and negotiating power to clean up their 10.7 trillion yuan ($1.7 trillion) debt pile without the need for Beijing to intervene, ...

VEGOILS-Palm oil eases ahead of key price outlook meeting
* Palm oil traders await price forecasts seen as bullish * For a take a look on the conference, (Updates prices) KUALA LUMPUR, March 5 (Reuters) - Malaysian crude palm oil futures slipped on Monday as traders await a key price outlook meeting in Kuala ...

Britain's Tate gallery buys 8 million ceramic sunflower seeds by Chinese ...
Britain's Tate gallery buys 8 million ceramic sunflower seeds by Chinese ...

CANADA FX DEBT-C$ slides on China, Europe data
* C$ falls to C$0.9924 vs US$, or $1.0076 * China, euro zone data weigh * Bond prices lower across the curve By Jon Cook TORONTO, March 5 (Reuters) - The Canadian dollar weakened against its US counterpart on Monday as commodities fell after data ...

Markets weighed down by concerns over Chinese growth as Greek bond swap ...
Markets weighed down by concerns over Chinese growth as Greek bond swap ...

METALS-Copper falls as China shaves growth forecast
* Copper sinks after China targets 2012 GDP growth at 7.5 pct * Copper losses hold at 200-day moving average * US service sector growth picks up in Feb By Chris Kelly and Maytaal Angel NEW YORK/LONDON, March 5 (Reuters) - Copper lost more than 1 ...

TEXT-S&P raises Dana Holding corp credit rating to 'BB'
March 5 - Overview -- Toledo, Ohio-based auto supplier Dana Holding Corp.'s credit measures have improved steadily over the past two years, and we believe this improvement is sustainable at current levels of auto sales. -- We are raising our corporate ...


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