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China News 04/2012 (Page 14)



Chongqing Residents Confront Fallen Leader's Mixed Legacy
April 28, 2012 Chongqing Residents Confront Fallen Leader's Mixed Legacy Stephanie Ho | Chongqing As investigators in Beijing continue to make their case against Bo Xilai, the disgraced politician leaves a legacy in Chongqing of tackling high-profile ...

US tries to confront hurdles to trade with China
On a recent trip to San Francisco, US Treasury Secretary Timothy Geithner told his audience he was "glad to be out of Washington. It makes you more optimistic." Given the state of affairs in the nation's capital, perhaps he'll be tempted to say the ...

China's Bo Xilai affair: where the case stands
Much about the stunning fall of politician Bo Xilai remains unknown. But the case has fueled Internet rumors and roiled the political waters in China. By Peter Ford, Staff writer / April 28, 2012 Former Chongqing party secretary Bo Xilai in a March ...

China shuts down microblog accounts amid rumors of coup attemps
April 25 (Bloomberg) -- Sina Corp., operator of the Twitter-like Weibo service in China, shut four user accounts for spreading rumors as authorities tighten control of information spread through microblog services. The accounts were shut after people ...

Apple shows the new Silk Road is paved with gold
With Treasury Secretary Timothy Geithner and Secretary of State Hillary Clinton headed to China this week for an economic summit with that country's leaders, and with the Obama and Romney campaigns in full election mode, it's a fair bet in this ...

Beijing auto show models denounced over attires
Beijing, April 29 — Authorities in Beijing have issued a "serious reprimand" for an ongoing car exhibition which has stirred controversy for its scantily-clad models, Xinhua reported. According to Beijing's Capital Ethics Development Office, ...

China reach in focus at US- Philippine security talks
(Adds Chinese Foreign Ministry comment) By Manuel Mogato MANILA, April 29 (Reuters) - China is likely to be high on the agenda at top level US-Philippine security talks on Monday as Washington refocuses its foreign policy on Asia and Manila realises ...

Shanghai Value-Added Tax Trial 'Showing Results,' Ministry Says
A pilot program in Shanghai to change the way some businesses are taxed is “showing results” and will be expanded, the Ministry of Finance said in a report on its website. The new rules reduced the tax burden for the businesses covered under the trial ...

China Postal Express Plans IPO to Raise $1.6 Billion
China Postal Express & Logistics Co. plans to raise 9.98 billion yuan ($1.6 billion) in an initial public offering, to buy trucks and airplanes and build distribution centers. The unit of state-owned China Post Group will sell as many as 4 billion ...

A conversation with Wenguang Huang: Q&A - The Star-Ledger
By Star-Ledger Entertainment Desk In his mesmerizing and lyrical memoir "The Little Red Guard" (Riverhead, 272 pp., $25.95), the Chinese-American journalist and translator Wenguang Huang explores his family's turbulent experiences in the Cultural ...

Foreign investment projects from emerging markets advance in April
By Steve Kilar Sunday, April 29th 2012, 08:10 AM April 29--Businesses in China and India, the emerging markets that Gov. Martin O'Malley has been trawling for trade relationships, are beginning to bite. This month, the governor announced the opening of ...

Russia's Basic Element inks $1 bln cooperation deal with China's Norinco
| MOSCOW, April 29 (Reuters) - Russian tycoon Oleg Deripaska's Basic Element said on Sunday it had agreed a $1 billion cooperation deal with China's state-owned North Industries Corporation (Norinco) that will include construction of a rolling mill in ...

China Loses Some of Its Luster
By BOB DAVIS BEIJING—Foreign companies are learning that they can no longer count on China for earnings growth. As companies report first-quarter results, big-equipment makers like Caterpillar Inc. and ABB Ltd. see slowing demand, ...

China Exchanges Propose New Delisting Rules
SHANGHAI—China's stock exchanges in Shanghai and Shenzhen on Sunday each released proposed new rules aimed at improving the process for delisting poor performers from the exchanges. Few companies in China have had their listing status revoked since ...

Four Shocks That Could Change China
In the past four months, the Chinese Communist Party (CPC) has experienced four shocks that could materially affect, if not eventually end, its “leading role” in Chinese society. First, on December 13 of last year, a mob of villagers forced out local ...

China property market digest, April 19-30
(For a previous issue, please click ) BEIJING, April 30 (Reuters) - Here is a look at the latest news, numbers and more from China's real estate market. Investment in the property sector accounted for 13 percent of China's gross domestic product in ...

AMP Buys China Stocks Sensing 40% Upswing In Shanghai Index
By Shani Raja SYDNEY (Dow Jones)--AMP Capital Investors, a leading Australian fund manager, is buying "very cheap" Chinese stocks anticipating a turnaround in the nation's economy, as valuations on the Shanghai Composite Index languish way below their ...

In China, Foreign Films Meet a Powerful Gatekeeper
LOS ANGELES — Any foreign movie knocking on China's door must pass through powerful gatekeepers — the China Film Group and its chief executive, Han Sanping. The China Film Group functions as the Chinese government's guardian of a film market that ...

REFILE-METALS-Copper climbs to near 1-month top as supply tightens
(Refiles to fix formatting) SINGAPORE, April 30 (Reuters) - Copper rose to its highest level in nearly a month on Monday, propped up by tighter supplies as stockpiles in London fell to their smallest since late 2008 and those in Shanghai slipped to ...

Skip the Gym, Pack Your Walking Shoes Instead
By Debra Bruno Shasha Chang may be one of the last executives to read paperbacks on a plane. Thanks to a background in publishing – she was formerly a vice president at McGraw-Hill – and a love of the printed word, she's often laden with more than an ...

China's need for defensive investment
By Baiju Simal Vasani and Chen Luming BEIJING ( Caixin Online ) — Earlier events in Libya shook up that nation. With around 50 significant China-funded projects at a total contract price of $18.8 billion in Libya alone, companies are facing enormous ...

For businesses in China, a minefield of bribery risks
By Jason Subler | SHANGHAI (Reuters) - Foreign companies doing business in China must navigate a business culture in which bribery is rife, finding ways to remove obstacles to expanding in the world's second-largest economy without running afoul of ...

Exchanges in China Look to Speed Delistings
SHANGHAI — The two China stock exchanges said Sunday that they wanted to make it easier to delist companies so investors' interests would be better protected. The Shanghai Stock Exchange and the Shenzhen Stock Exchange are asking for public feedback ...

China Forestry Probe Verifies Under 1% of Reported Sales
China Forestry Holdings Co. (930), the logging company that last week said less than 1 percent of its sales were verifiable, still has value in its assets, according to its third-largest shareholder, Carlyle Group. “We believe the company has ...

China Shuts Coke Plant Over Chlorine
By LAURIE BURKITT BEIJING—Regulators in northern China shut down production at a beverage plant owned by Coca-Cola Co. after finding chlorine in a batch of drinks made in February. The food-safety regulator in Shanxi province said Saturday that during ...

METALS-Copper shaken from 1-month high as dollar rises
* China's Jiangxi Copper says to export metal to LME * Trading volumes thin with China shut Monday and Tuesday By Veronica Brown LONDON, April 30 (Reuters) - Copper prices fell back from a near one-month high in European trading on Monday, ...

CapitaLand First-Quarter Profit Rises 31% on Asset Sale, Malls
By Pooja Thakur on April 30, 2012 CapitaLand Ltd. (CAPL), Southeast Asia's biggest developer, said first-quarter profit rose 31 percent as gains from the sale of a hotel and higher shopping mall income offset declines in residential earnings from ...

iPhone 'just getting started in China,' Apple could reach 35M sales in 2013
By Neil Hughes Apple has "enormous" potential to grow its sales in China, as one new estimate predicts Apple will sell 25 million iPhones there this year, and sales will grow to at least 35 million in 2013. The estimates come from Chris Whitmore of ...

Shanghai, Shenzhen Exchanges to Cut A-Share Trading Fees
China's two stock exchanges will lower fees charged for trading yuan-denominated shares by 25 percent with effect from June 1, the nation's securities regulator said in a statement on its website yesterday. The Shanghai and Shenzhen bourses will charge ...

Mystery and Rumor Dominate China in the Time of Bo
By Dexter Roberts on April 30, 2012 On a rooftop bar in Beijing, a twenty-something sips a raspberry Margarita and dishes the latest dirt on the scandal that has gripped China's capital, if not most of the country. “I've heard the police and the ...


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