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China News 04/2012 (Page 11)



Detroit 3 rev up at Beijing auto show as No. 1 car market cools down
By Alisa Priddle Dave Schoch, chairman and CEO of Ford Motor China, introduces a Ford Explorer during a press conference to unveil Ford's new SUVs in Beijing Sunday, April 22, 2012. / Alexander F. Yuan/AP With slowing sales and increased competition in ...

China to invest in infrastructure to bolster growth: report
| BEIJING (Reuters) - China is set to speed up spending on roads, railways and utilities to boost economic growth, the official China Securities Journal said on Monday, citing government economists. The increased fiscal spending on infrastructure, ...

China Grows Its Dairy Farms With a Global Cattle Drive
By ALEX FRANGOS Calves at China Modern Dairy's 20000-head farm in Feidong, Anhui province, were bred from highly productive foreign cows. FEIDONG, China—In one of the largest transoceanic cattle drives in history, as many as 100000 heifers from ...

Chinese Stocks Drop on PMI Report
By Weiyi Lim on April 22, 2012 Most Chinese stocks fell after a preliminary report on manufacturing signaled a sixth month of contraction and officials tightened standards for small companies listed on the ChiNext Board. SAIC Motor Corp. and Baoshan ...

China Manufacturing May Contract a Sixth Month
China's manufacturing may contract for a sixth month in April, maintaining pressure on officials to adopt more policies to stimulate economic growth, a survey of companies showed. The 49.1 preliminary reading of the purchasing managers' index from HSBC ...

METALS-LME copper falls ahead of China flash PMI
SHANGHAI, April 23 (Reuters) - London copper futures retreated on Monday after climbing nearly 2 percent in the previous session as investors opted for caution ahead of key manufacturing data on top copper consumer China. HSBC is slated to release its ...

Inside China's murder mystery hotel
By Stan Grant, CNN Chongqing, China (CNN) -- I glimpse the sprawling hotel from a distance, nestled into the lush hills on the outskirts of Chongqing. The air is fresher here, the temperature several degrees cooler than the sprawling metropolis of more ...

Vietnam Funds Beat India, China With Investors
By Bloomberg News on April 22, 2012 Vietnam-focused stock funds became the only emerging market equity assets in Asia to lure investors every week this year as the nation's benchmark index rose to an 11-month high, Emerging Portfolio Fund Research said ...

Yuan, interest rate reform to be gradual: China central bank chief
| BEIJING (Reuters) - China will take a gradual approach to yuan reform and will not be in a hurry to free up deposit rates offered by banks, as it seeks to rebalance its economy and deepen its financial markets. Beijing doesn't plan a one-off ...

* China's Wen sees trade with Germany up 50 pct by 2015
* China's Wen sees trade with Germany up 50 pct by 2015 * Wen warns against protectionism, says will protect intellectual property * Germans wary about more competitive China moving up value chain * Wen attends Hanover trade fair, attends signing of ...

Huawei Founder Ren Splits CEO Role With Rotating Panel
Huawei Technologies Co., China's largest maker of phone equipment, said its founder Ren Zhengfei is splitting the role of chief executive officer with a panel of three executives who will rotate at six-month intervals. Deputy Chairmen Guo Ping, ...

Huntsman explains China comment
Jon Huntsman on Monday attempted to explain comments comparing the Republican party to the Chinese communist party. Huntsman, the former Utah governor, said on MSNBC on Monday that the night before he was “waxing philosophical” when he brought up ...

China Auto Rental Said to Struggle to Attract Investors
China Auto Rental Holdings Inc. (CARH), striving to become the second Chinese company to go public in the US this year, may raise less than planned in its share offering after struggling to attract investors, said two people with knowledge of the ...

Russia Stocks Sink Most in 2 Weeks on China; Micex Halts Trading
By Jason Corcoran on April 23, 2012 Russian stocks sank the most in more than two weeks as commodities slid after data showed China's manufacturing contracted for a sixth month. The benchmark Micex suspended trading, citing problems with the way deals ...

In Bo Xilai scandal, China's national leaders fear their undoing
By TOM LASSETER CHONGQING, China -- On the day that former Chongqing boss Bo Xilai was removed from all his Chinese Communist Party posts and his wife announced to be a murder suspect, a mob of at least 10000 people took over the streets of one of the ...

Peru's Borrowing Costs Rise as Exports Decline on China Slowdown
Peru's benchmark borrowing costs in dollars rose the most in two weeks as a slowing Chinese economy curbs exports in the third-largest copper producer. The extra yield investors demand to own Peruvian government bonds instead of US Treasuries climbed ...

China Extends Reach Into International Art
SHANGHAI — China's drive to achieve world status in more than just economic power has now turned to art museums, a push that is also resulting in the showing of more Chinese art in the United States. Here, in the nation's financial center, ...

In China, relatives of Party officials build lucrative businesses on family ...
In China, relatives of Party officials build lucrative businesses on family ...

Bo scandal 'good' for China
By Hilary Whiteman, CNN A myriad of the people allegedly involved in the mysterious death of UK businessman Neil Heywood. Hong Kong (CNN) -- The dramatic fall from grace of a man so close to the top of China's hierarchy is "very positive" for the ...

Rates Rising as Record Chinese Oil Imports Affect Ships: Freight
Record Chinese oil imports are emptying the Atlantic Ocean of very large crude carriers and their 2 million-barrel cargoes, driving a rebound in rates for the smaller vessels left to supply the US from West Africa. Suezmaxes, each holding 1 million ...

AUTOSHOW-Luxury brands eye China, but some see trouble ahead
By Ben Klayman | BEIJING, April 24 (Reuters) - Global luxury auto brands are piling in to tap China's seemingly endless appetite for Audis and BMWs but, amid the ambitious sales forecasts, some signs point to trouble ahead for sleek high-priced ...

Chinese investors scramble for a bite of Apple
By Samuel Shen and Kazunori Takada | SHANGHAI (Reuters) - China's rigid capital rules ban its citizens from investing directly in Apple Inc but that's not keeping them from seeking a piece of the iPhone maker's success by buying shares in its suppliers ...

China Tire Demand Slows as Economy Decelerates, Bridgestone Says
Tire demand in China, the largest rubber consumer, is growing at a slower pace than last year as the nation's economic expansion is decelerating, said an executive at Bridgestone Corp., the biggest tiremaker. “The Chinese market is in an adjustment ...

Proview owns iPad trademark in China -govt official
| SHANGHAI, April 24 (Reuters) - Proview Technology (Shenzhen), which is battling Apple Inc in a Chinese court over the iPad trademark, is the rightful owner of that mark, a senior official with the State Administration for Industry and Commerce (SAIC) ...

Yanjing Said to Near $714 Million Deal for Kingway Assets
Beijing Yanjing Brewery Co. (000729), China's fourth-largest domestic beer maker, is nearing an agreement to buy brewery assets from Kingway Brewery Holdings Ltd. (124) for as much as 4.5 billion yuan ($714 million), said people with knowledge of the ...

Scientists clone sheep using 'good' fat from worm
Peng Peng, a cloned sheep, is seen at a farm in Urumqi, Xinjiang Uygur Autonomous Region March 26, 2012. (REUTERS/Peng Lui/BGI Ark Biotechnology co.,Ltd/Handout) Chinese scientists have cloned a genetically modified sheep containing a "good" type of ...

Analysis: Elusive China equity returns now face growth slowdown
By Sujata Rao | LONDON (Reuters) - Investors who have endured two decades of miserable stock market returns in China may have to wait a while yet for their bets to pay off as turbo-charged economic growth runs out of steam and a new economic model ...

Chinese plans to tour disputed islands may increase tensions with Vietnam
BEIJING – A Chinese provincial official said Tuesday he's determined to start tourism development in the disputed Paracel Islands this year, a move that could further raise tensions with rival claimant Vietnam. Hainan Vice Governor Tan Li said he is ...

Lamborghini SUV concept unveiled in Beijing
Lamborghini SpA Urus sport-utility concept vehicle is unveiled during media day at the 2012 Beijing Auto Show. / LINTAO ZHANG/Getty Images By CHRIS WOODYARD Lamborghini unveiled its concept for an SUV called Urus, and there's a good chance it will end ...

Battle for Luxury-Car Market Heats Up in China (Video)
By WSJ Staff BEIJING—Competition is intensifying in the lucrative market for luxury cars in China as upstarts such as Cadillac and Infiniti look to take on popular stalwarts like Audi and BMW just as signs of a slowdown appear in the world's largest ...


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