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China News 03/2012 (Page 3)



CORRECT: Canadian Dollar Lower On Economic Headwinds From China, Europe
("Canadian Dollar Lower On Economic Headwinds From China, Europe," at 3:39 pm EST, misstated how the Canadian dollar performed against its commodity-based peers in the fifth paragraph. The correct version follows:) By David George-Cosh Of DOW JONES ...

China Giant Tested at Home
By NISHA GOPALAN And TOM ORLIK In the past 12 months, Sinopec, the big Chinese energy company, has embarked on a US$10 billion global spending spree, buying up assets from Brazil to Canada. But a largely unnoticed deal on its home turf is proving to be ...

Asian shares hit by economy worries
By Chikako Mogi | TOKYO (Reuters) - Asian shares and other growth-linked assets fell on Tuesday as slowing economies in China and Europe and tension over Iran dampened sentiment, prompting investors to take profits from recent rallies that had been ...

Iron Ore-Spot stabilises, China steel output growth seen slower
* China steel output growth seen at 4 pct in 2012 -Shougang * China growth target cut may curb iron ore price swings (Updates rebar price in table) By Manolo Serapio Jr SINGAPORE, March 6 (Reuters) - Spot iron ore prices stabilised on Tuesday after ...

CORRECT: Tokyo Shares End Down As China-Linked Shares, Chip Makers Fall
("Tokyo Shares End Down As China-Linked Shares, Chip Makers Fall," at 0711 GMT, misstated the perceived status of the market in the fifth paragraph. The correct version follows:) By Brad Frischkorn Of DOW JONES NEWSWIRES TOKYO (Dow Jones)--Tokyo stocks ...

China orders local govts to set up debt repayment funds
* Local govts to set up debt repayment funds -Fin Min * Local govts told to do a "good job" in repaying debt By Langi Chiang and Nick Edwards BEIJING, March 6 (Reuters) - China's local governments should set up special funds to repay some of the 10.7 ...

In China, Apple faces its "Nike moment"?
By Terril Yue Jones | BEIJING (Reuters) - As Apple Inc, the world's most valuable listed company, braces itself for a report into alleged poor working conditions among its army of low-cost suppliers in China, it could heed the lessons from another ...

Facebook: Chinese app developers try to reach overseas users
March 6 (Bloomberg) -- Facebook Inc., whose website has been restricted in China since 2009, said it has more application development partners in the country than any other part of Asia. Developers of software from China make up about 20 percent of ...

Apple could face trademark trouble
By Elaine Kurtenbach, AP SHANGHAI – iPotato, isock, icouch, istove, i-you-name-it. An Internet search for "i" words from A to Z will turn up just about any combination you might think up, from all over the world, only a handful of them related to Apple ...

China's Latest Target in Its Trade War Against American Manufacturing: The US ...
China's Latest Target in Its Trade War Against American Manufacturing: The US ...

Congress approves punitive tariffs against China
(03-06) 08:24 PST WASHINGTON, (AP) -- Congress was moving Tuesday to overturn a court decision and reaffirm that the government has the right to impose higher tariffs on goods from China and other countries that subsidize their exports to the United ...

Fighting for the Chinese Enlightenment
By DIDI KIRSTEN TATLOW | March 6, 2012, 7:36 pm Gilles Sabrie for The International Herald TribuneLiu Ping, a women's rights activist harassed by officials. BEIJING — Until Liu Ping emerged from the subway and onto a street under bright blue skies one ...

Proview Scrap Piles Rise, Waits on Apple Cash Infusion
By Bloomberg News on March 06, 2012 As workers stream from factories in Shatou Jiao Free Trade Zone, none emerge from Proview Technology (Shenzhen) Co.'s green-glass and white-tile plant. A walk round back tells the reason. The mothballed south China ...

Citigroup gearing up to enter China's credit card market
By Kathy Chu, USA TODAY HONG KONG – Citigroup is gearing up to issue its own credit cards in China this year, the latest push by a Western bank to attract Asian consumers with a growing appetite for borrowing. By Hoang Dinh Nam, AFP/Getty Images ...

Chinese media confirm self-immolation, but says woman suffered head injury first
BEIJING — China's state news agency confirmed Wednesday that a 20-year-old Tibetan woman died after setting herself on fire but said it may have been a result of depression caused by a head injury. Tibetan areas in China are on edge and under heavy ...

US envoys in Beijing for NKorea food aid talks
(03-06) 19:50 PST BEIJING, China (AP) -- US envoys met with North Korean counterparts Wednesday to finalize arrangements for the first US government food aid shipment to the impoverished North in three years, part of an agreement aimed at ending ...

CHINA NPC: Commerce Minister: Expect To Meet 2012 Target Of 10% Rise In ...
CHINA NPC: Commerce Minister: Expect To Meet 2012 Target Of 10% Rise In ...

Iron Ore-Cautious buyers seek lower-grade cargoes
* Shanghai rebar falls third day, ore prices steady * India cuts railway freight for iron ore exports (Updates rebar price) By Manolo Serapio Jr SINGAPORE, March 7 (Reuters) - Spot iron ore prices were subdued on Wednesday as Chinese buyers sought ...

Boar Hunter Sets Sights on China After MF Global Unit Rescue: Commodities
Pete Nessler has bagged everything from a wild boar to a 280-pound white-tailed deer hunting in Iowa. He's now aiming to tap China's need for raw materials. INTL FCStone Inc., where the 54-year-old Midwesterner is president of the commodity unit, ...

GE Projects 25% Sales Growth in Latin America to Outpace China
General Electric Co. (GE) said it expects annual revenue in regions such as Latin America to rise as much as 25 percent through 2016, outpacing a maximum growth rate of 15 percent in Asian countries including China. “We really believe in the region,” ...

China's Cinda Seeks Strategic Investors
By PRUDENCE HO And DINNY MCMAHON HONG KONG—Standard Chartered PLC and Citic Capital Holdings Ltd. are in talks to take a stake in China Cinda Asset Management Co., according to people familiar with the situation, in a deal that may signal the opening ...

Boeing Expects About 200 Orders From China for Its 737 MAX Jet This Year
Boeing Co. (BA) expects to win about 200 orders for the 737 MAX in China in 2012, even as the Asian nation works on developing a competing jet that's due to enter service a year earlier. “We're out talking to every single airline in China about the 737 ...

Tough climate, dilemmas for China's small business
By Zhang Huanyu BEIJING ( Caixin Online ) — A Dalian clothing manufacturer is confronting one of the many hard dilemmas weighing down small and family business owners in China. Because foreign demand for the company's goods has softened, ...

China's high-speed building boom
A 30-story hotel in Changsha went up in two weeks. Some question the safety in that, but the builder defends its methods. The T-30 hotel in Changsha, China, was built in about 360 hours. A time-lapse video of the prefabricated building's on-site ...

China makes love call to Hollywood with money, more open rules
LOS ANGELES — China extended its courtship of Hollywood on Wednesday, with government officials touting a new fund for co-financing movies. The push comes just weeks after China's leader-in-waiting, Vice President Xi Jinping, unveiled rules that would ...

China's budding Caterpillars break new ground overseas
By Alison Leung | HONG KONG (Reuters) - When concrete-pump maker and symbol of German industrial strength Putzmeister rolled up at Japan's Fukushima last year to help tackle the nuclear disaster, few industry watchers might have guessed it would soon ...

China zinc imports may rise if mine remains closed for 3 mths
By Polly Yam | HONG KONG, March 8 (Reuters) - China's imports of zinc and raw material concentrates could climb if a key mine and zinc smelter do not reopen in three months, analysts and traders said on Thursday. Shenzhen Zhongjin Lingnan Nonfemet, ...

China Replaces Europe in Funding NY Properties
Daniel Acker/Bloomberg Time Warner Center, foreground, stands on Columbus Circle near the Hearst building in midtown Manhattan in this aerial photograph taken over New York, US China's oldest bank is expanding in New York lending for trophy buildings ...

Chateau Beijing: Chinese buying up Bordeaux estates
By Marion Douet | CAPIAN, France (Reuters) - You could hardly do better than Chateau du Grand Moueys if you were looking for a metaphor to demonstrate Chinese interests in European wines, luxury goods and travel. It has a history that includes a ...

Detention, Missed Meeting Add to Chinese Political Drama
Chongqing Municipality Communist Party Secretary Bo Xilai attends the opening ceremony of the National People's Congress (NPC) at the Great Hall of the People on March 5, 2012 in Beijing. Mr. Bo subsequently missed a meeting of the powerful Politburo, ...


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