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China News 03/2012 (Page 7)



Aurubis CEO sees strong 2012 Chinese copper demand
* Aurubis CEO confident of strong Chinese demand * Rising copper prices causing short-term purchasing HAMBURG, March 15 (Reuters) - The CEO of Aurubis , Europe's biggest copper producer, said he is confident of strong copper demand from China this year ...

China Drinks In Wine Success
By JIM BOYCE A Chinese wine was launched yesterday in Beijing for 900 yuan ($142) per bottle. Some already consider that price outrageously high, others woefully low. If the price sticks, this could mark the emergence of Chinese wine into the realm of ...

China May Finally Let Its People Move More Freely
By Dexter Roberts on March 15, 2012 Hundreds of millions of Chinese live in China's biggest cities as second-class citizens, with no access to social benefits and limited ties to the locales in which they work. Their situation leads to unhappiness, ...

Online, the Political Drama Dominates Chinese Chatter
By JOSH CHIN and LORETTA CHAO BEIJING—Chinese Internet users expressed shock, joy and disappointment on Thursday as the ouster of a once-high-flying Communist Party official became the first big Chinese political scandal to unfold in the social-media ...

China Blocks More Airbus Jets
By DAVID PEARSON, WILLIAM HOROBIN and ALESSANDRO TORELLO PARIS—China is holding back the approvals Chinese airlines need to buy 10 more Airbus A330 jetliners, a person close to the situation said Thursday. The move is part of an escalating trade row ...

China Corporate Espionage Targets US Firms
By Michael A. Riley and Ashlee Vance on March 15, 2012 Last June, three men squeezed inside a wind turbine in China's Gobi Desert. They were employees of American Superconductor Corp., a maker of computer systems that serve as the electronic brains of ...

LME copper slips on firmer dollar, Shanghai rises
| SINGAPORE (Reuters) - London copper futures edged lower on Friday, hurt by a firmer dollar, after rising more than 1 percent in the previous session on a tighter global supply outlook. FUNDAMENTALS * Three-month copper on the London Metal Exchange ...

McDonald's, Carrefour Targets of China Consumer Campaign
McDonald's Corp. (MCD) sold chicken wings past their sell-by period and Carrefour SA (CA) mislabeled chicken at Chinese outlets, state-owned China Central Television reported. A Beijing branch of McDonald's, the world's largest restaurant chain, ...

China Plans Faster Land Approval, Tax-Free Imports for Shale
China pledged to prioritize land approvals for shale-gas exploration, allow tax-free equipment imports and offer subsidies to companies including PetroChina Co. (857) tapping the largest reserves of the unconventional fuel. The country aims to produce ...

METALS-Copper firms on improved US outlook, China weighs
* Shanghai copper stocks rise on week to decade-high * LME prompt-to-3-month spread at $17.75 backwardation * Coming up: US industrial production, Feb; 1315 GMT By Rujun Shen and Maytaal Angel SINGAPORE/LONDON, March 16 (Reuters) - Copper firmed on ...

China halts 10 more Airbus orders
By Tim Hepher | PARIS (Reuters) - China has suspended the purchase of 10 more Airbus (EAD.PA) jets, two people familiar with the matter said on Thursday, raising the stakes in a potentially damaging trade row over European Union airline emissions ...

US painter Wyeth gets shows in Beijing, Hong Kong
NEW YORK (Reuters) - A new exhibit of works by American artist Andrew Wyeth is set to open next month in a land where the master realist exerted some of his greatest influence -- China. The exhibit of more than 30 works by the well-known artist, ...

Standard Chartered, UBS Buy Into China Cinda
By DINNY MCMAHON BEIJING—A group of foreign investors that includes Standard Chartered PLC and UBS AG are paying more than $800 million for a small stake in a Chinese financial conglomerate, marking one of the biggest investment by Western banks in ...

China says McDonald's, Carrefour sold expired chicken
BEIJING (AP) – Chinese state television has accused McDonald's and French retailer Carrefour of selling expired chicken products in separate incidents at a time of increased public anxiety in China over food safety. By Peter Parks, AFP/Getty Images A ...

ReneSola, China Sunergy to ship more this year
(Reuters) - ReneSola (SOL.N) and China Sunergy Co Ltd (CSUN.O) forecast higher shipments for the year as they pin their hopes on emerging solar markets such as China and India, but these less lucrative markets may not help lift up prices of solar ...

Obama camp attacks Mitt on Bain's China investment
By ALEXANDER BURNS | The Obama campaign is seizing on today's New York Times story on Bain Capital's investments in China to accuse Mitt Romney of "utter hypocrisy" when it comes to his finances and Chinese human rights. In a statement, Deputy Campaign ...

In Hong Kong Elections, Some Chinese See Enviable Openness
HONG KONG — The three candidates to become the next chief executive of Hong Kong engaged in a vituperative, televised debate on Friday evening in an election campaign that is being closely followed in mainland China. The openness with which ...

How to Play a Slowing China
By BEN LEVISOHN It has been a tough few weeks for China investors. After looking like the nation's slumping stock market had turned a corner, a wave of bad news sent it tumbling again. That could present opportunities for patient investors, ...

IPO VIEW-Waters still murky for US-listed Chinese IPOs
By Olivia Oran | March 16 (Reuters) - As the first Chinese company to tap the US stock market since last August, online discount sales site Vipshop faces a tough challenge - restoring confidence in a sector rocked by accounting scandals and slow growth ...

Luxury Chinese Liquors Become Multibillion-Dollar Brands
By Venessa Wong on March 16, 2012 Even though you probably have not heard of them, two brands of Chinese, high-end alcohol—Moutai and Wuliangye—are among the best-selling luxury liquors worldwide. They don't just excel in the luxury liquor market ...

'This American Life' Retracts Episode on Apple's Suppliers in China
By BRIAN STELTER Sara Krulwich/The New York TimesMike Daisey, during his one-man show “The Agony and the Ecstasy of Steve Jobs,” which became the basis of an episode of “This American Life.” 5:23 pm | Updated The weekly public radio program “This ...

Radio's 'This American Life' retracts Apple story
People gather outside an Apple retail store on Fifth Avenue in the Manhattan borough of New York, Friday, March 16, 2012, as they wait for the 8 am local time release of the new iPad tablet. Photo: Jeffrey Furticella / AP In this undated image released ...

Buddhist Monk Sets Himself on Fire in China Protest
BEIJING — A 20-year-old Buddhist monk set himself on fire on Friday evening near a government building in Sichuan Province, becoming the 29th person to do so as part of a yearlong protest against Chinese policies in traditionally Tibetan areas, ...

France's Total to raise Ichthys stake later in 2012: chief
| BEIJING (Reuters) - French oil giant Total's (TOTF.PA) deal to buy a bigger stake in its $34 billion Ichthys liquefied natural gas project in Australia from partner Inpex Corp (1605.T) may be delayed and will only close before the year-end, ...

China bank results, Japan trade data on tap
By V. Phani Kumar, MarketWatch HONG KONG (MarketWatch) — Corporate results from several major Chinese companies and economic data from China and Japan should keep investors occupied this coming week in Asia. Three of China's five largest banks and the ...

Chinese state TV targets McDonald's, Carrefour
Chinese state television has accused McDonald's and French retailer Carrefour of selling expired chicken products in separate incidents amid public anxiety in China over food safety. McDonald's Corp. and Carrefour Inc. issued public apologies Friday ...

Retail roundup: Tablet owners, Sears, PayPal in China
By Shan Li Almost two-thirds of US tablet owners have bought music for their device, 58% have purchased books, and half have bought movies, according to the latest Nielsen Mobile Connected Device Report. Nielsen also found that 41% people have shelled ...

China Police Block Visit for Standard Chartered Banker's Fiance
By Sanat Vallikappen on March 17, 2012 The fiance of a Standard Chartered Plc (STAN) private banker who was detained in China days before the couple planned to wed in Singapore said police barred him from seeing her after he refused to stop speaking ...

Some Chinese Surrender U.S. Listings
By ELLIOT WILSON | MORE ARTICLES BY AUTHOR Skepticism about accounting, lower valuations and the lure of the homeland contribute to the nascent trend. Smart young Chinese executives once flocked to the US in search of capital, credibility and, ...

Aluminum Corp. of China 2011 profit falls sharply
By MarketWatch SHANGHAI (MarketWatch) -- Aluminum Corp. of China Ltd. (ACH, 2600.HK, 601600.SH), known as Chalco, said Saturday earnings fell 69.4% in 2011 because of higher financing costs in a tight domestic policy environment, a heavier debt burden, ...


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