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China News 03/2012 (Page 8)



American-Style Individualism in China? Looks Deceive
A Chinese new wave? China's rock scene, underground but dynamic, is loaded with bands that suggest a new, post-1990s rebellious spirit. Their names fly in the face of collective harmony: Hutong Fist, Tomahawk, Catcher in the Rye, Twisted Machine, ...

China's video firms still struggling for profits
As they cheer the proposed marriage of China's two largest online video companies, investors in Youku and Tudou Holdings should make sure to thank the Chinese government's censors. Because of the policy preventing Web surfers in China from visiting ...

Apple Foxconn revelation makes artist change show
(AP) NEW YORK - Mike Daisey, the off-Broadway performer who admitted that he made up parts of his one-man show about Apple products being made in Chinese sweatshops, has cut questionable sections from the monologue and added a prologue explaining the ...

McDonald's sold expired food, Chinese TV says
(CBS/AP) BEIJING - 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 ...

More thoughtful, still innovative Starbucks back steaming hot
After CEO Howard Schultz acknowledged four years ago that Starbucks had lost its edge, the company heads into its shareholders meeting Wednesday with its stock high and a recovery stronger than many expected. By Melissa Allison TED S. WARREN / AP ...

Romney Brushes Off Criticism Over Bain Purchase in China
By PENN BULLOCK and ANDREW JACOBS Damon Winter/The New York TimesMitt Romney and his wife, Ann, spoke with Gov. Luis G. Fortuño, left, before a rally in San Juan, PR, on Friday. Mitt Romney reacted yesterday to Bain Capital's purchase of a Chinese ...

Growth China's top priority, inflation key risk-NDRC
By Kevin Yao | BEIJING (Reuters) - China's economic policy priority is to maintain relatively fast growth, but Beijing cannot lower its guard against inflation risks, the head of the country's top planning agency, the National Development and Reform ...

In China, millions make themselves at home in caves
Some are basic, others beautiful, with high ceilings and nice yards. 'Life is easy and comfortable here,' one cave dweller says. Ma Liangshui, 76, has lived in caves around Yanan his entire life. (Barbara Demick, Los Angeles Times / February 1, ...

China the monopolist
By Boston Herald Editorial Staff President Obama milked his announcement of a new international trade complaint against China for all it was worth politically. The temptation was too great to resist. No one is saying he intentionally delayed action ...

China to reform, grow economy, IMF eyes freer yuan
By Kevin Yao and Koh Gui Qing | BEIJING (Reuters) - China cannot delay tough economic reforms, Vice Premier Li Keqiang said on Sunday, underscoring the top leadership's push for market-based change after the sacking last week of an ambitious provincial ...

Chinese writers' group sues Apple: state media
| BEIJING (Reuters) - A group of 22 Chinese authors have filed a claim against US technology group Apple, alleging its App Store sells unlicensed copies of their books, Chinese state media reported on Sunday. The group, the Writers Rights Alliance, ...

IADB cautions Latin America; growth seen up 3.6 pct
* Mix of commodities exports crucial if prices fall * Foreign banks could shed Latam assets in downturn MONTEVIDEO, March 18 (Reuters) - The economy of Latin America and the Caribbean should grow 3.6 percent this year, down from recent rates above 5 ...

CapitaLand Sees Plenty of Spark in China
By CHUN HAN WONG Despite all the hand-wringing over China's growth trajectory, the Middle Kingdom remains a land of milk and honey for Singapore real-estate company CapitaLand Ltd. President and Chief Executive Liew Mun Leong is a longtime bull on ...

China Property Prices Continue Slide
BEIJING—Average property prices in 70 Chinese cities covered in a government survey fell in February for the fifth consecutive month as sluggish sales continue to compel developers to cut prices. Home-buying sentiment has deteriorated sharply since ...

Total Moves Deeper Into China With Shale Pact
By SIMON HALL BEIJING—Total SA's top executive unveiled new ties with China as the French oil giant shifts its focus toward the fast-growing market, saying it reached pacts on shale-gas and refining operations there and that Chinese authorities now ...

Maersk Drilling to Spend Much as $6 Billion on Oil Rigs
Maersk Drilling, the oil-rig operating unit of Denmark's largest company, plans to spend $4 billion to $6 billion on new platforms, with the first of those orders being placed as early as this year. The unit of AP Moeller-Maersk A/S plans to buy six to ...

InterContinental Starts Brand Targeting Chinese Travelers
InterContinental Hotels Group Plc (IHG), the world's largest provider of hotel rooms, will begin opening locations as soon as next year under a new brand designed to appeal to Chinese travelers. The Hualuxe brand of hotels will have teahouses instead ...

China's Stocks Drop, Extend Weekly Loss, on Home Prices, Chalco
By Bloomberg News on March 18, 2012 China's stocks fell, extending last week's losses, after home prices posted the worst performance in a year and Aluminum Corp. of China Ltd. reported a wider-than- estimated loss. China Vanke Co. and Poly Real Estate ...

China Home Prices Fall in More Than Half Cities Tracked
China's February home prices posted the worst performance in a year with almost half of the cities monitored by the government falling from a year ago as the country maintained curbs on the property market. New home prices fell in 27 of 70 cities last ...

Is China really such a land of opportunity
If China is such a wondrous land of opportunity, as its leaders so often proclaim, then why are so many of China's most successful citizens suddenly hungry to move to the United States? Several recent internal surveys of China's wealthiest citizens ...

METALS-Shanghai copper drops on China demand worries
* China Feb home prices falls for fifth straight month * LME copper may retrace to $8418 - technicals * Coming Up: Euro zone current account, Jan; 0900 GMT (Adds details, comments; updates prices) By Rujun Shen SINGAPORE, March 19 (Reuters) - Shanghai ...

US solar to get Obama aid in battle with China
By Doug Palmer and Leonora Walet | WASHINGTON/HONG KONG (Reuters) - President Barack Obama's administration is expected to throw its weight behind US solar panel producers on Tuesday in their battle against lower-priced imports from China that they say ...

China Yuan Steady Late As Dollar Demand Offsets Lower Fixing
SHANGHAI (Dow Jones)--China's yuan is steady against the US dollar late Monday as dollar purchases by import companies offset the central bank's guidance toward a weaker greenback. On the over-the-counter market, the dollar was at CNY6.3233 around 0830 ...

METALS-Copper up, US recovery eclipses China demand woes
* China Feb home prices falls for fifth straight month * LME copper stocks lowest since July 2009 * Coming up: US NAHB housing market index for March at 1400 By Maytaal Angel LONDON, (Reuters) - Copper rose on Monday as an improved outlook in the US, ...

Doubts Raised Over China Hydro Project in Nepal
By KRISHNA POKHAREL NEW DELHI–China Three Gorges Corp. said it might shelve its proposed $1.6-billion hydroelectric power project in Nepal amid a parliamentary probe in the South Asian nation into whether the project was properly awarded, ...

Panda Dung Tea: Chinese Entrepreneur Uses Bear Excrement For $200-A-Cup ...
Panda Dung Tea: Chinese Entrepreneur Uses Bear Excrement For $200-A-Cup ...

Daisey attacks critics, alters show on Apple, Foxconn working conditions
Mike Daisey is shown in a scene from "The Agony and The Ecstasy of Steve Jobs," in New York. Daisey, whose latest show has been being credited with sparking probes into how Apple's high-tech devices are made, is finding himself under fire for ...

Emerging Stocks Slip a 3rd Day as China Homes Drop Curbs Outlook
Emerging-market stocks slid for a third day, led by property developer Poly (Hong Kong) Investments Ltd., as the worst month for Chinese home prices since at least 2011 bolstered global slowdown concerns. The MSCI Emerging Markets Index (MXEF) slid 0.2 ...

IADB launching $1 bln investment fund with China
* China now top trade partner for many Latam countries * Signs of US influence in region decline * Huge demand for natural resources MONTEVIDEO, March 19 (Reuters) - The Inter-American Development Bank is starting a $1 billion fund with China aimed at ...

Chinese Activist Is Missing, Rights Group Says
BEIJING — Liu Ping, a rights activist who has angered officials in China with her advocacy of free elections and support of labor and women's rights issues, has been missing since early this month after she was detained in Beijing by security ...


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