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China News 04/2012 (Page 6)



Chinese Media Fights Scandal Fallout; Focus on Bo's Family
BEIJING — Chinese officials have rapidly intensified a propaganda campaign to paper over a leadership split in the Communist Party on Thursday as the first hints began to emerge of the wealth and influence amassed by relatives of a deposed Politburo ...

China Sovereign Bonds Gain as Slower Growth Boosts Easing Chance
China's government bonds gained after data showed gross domestic product increased by less than estimated in the first quarter, spurring speculation monetary policy will be loosened further to shore up growth. The economy expanded 8.1 percent, ...

Aussie Drops as China's Growth Slows More Than Forecast
By Mariko Ishikawa on April 12, 2012 Australia's dollar fell from a one- week high after a report showed economic growth was less than forecast in China, the nation's biggest export market. The so-called Aussie weakened versus all of its 16 major peers ...

China steps up foreign investment plan in March
SHANGHAI, April 13 (Reuters) - China stepped up its approvals to allow more foreign investors to buy domestic stocks and bonds in March, granting 11 Qualified Foreign Institutional Investor (QFII) licenses, almost matching the number of licenses issued ...

Asian Shares Pare Gains; Australia Dlr, Euro Drop On Weak China GDP
By Shri Navaratnam SINGAPORE (Dow Jones)--Asian stocks markets pared some of their gains Friday, while the euro and the Australian dollar dropped after first quarter growth in China slowed to its weakest pace in three years, reinforcing concerns of a ...

Slain USC students' path a familiar one to school's Chinese
Ming Qu and Ying Wu were like many international students at USC: seeking a better future, studying hard, and living west of campus — away from parties but in a more dangerous neighborhood. As a memorial to two slain USC students grows at the foot of ...

China Posts Record March Steel Output, Defying Slowdown
By Chuin-Wei Yap Of DOW JONES NEWSWIRES BEIJING (Dow Jones)--China's March crude steel production hit a record 61.58 million metric tons despite signs of a broader economic slowdown, with steel mills taking advantage of low raw-material prices, ...

China Cosco seeks government funds: sources
By Wu Jing BEIJING ( Caixin Online ) — China COSCO Holdings Co., the country's biggest state-owned shipping firm, could seek up to 10 billion yuan ($1.59 billion) from the Ministry of Finance after record losses in 2011. The company's 2011 financial ...

China to begin delivering oil ships to Iran in May
* Part of a total $1.2 bln order from two Chinese shipyards * First delivery in May from Shanghai shipyard * Another 7 to be delivered by end-2012 * Loan provided by China's EXIM, payments so far fine-source By Chen Aizhu BEIJING, April 13 (Reuters) ...

Nissan to Expand China Output
By CHESTER DAWSON TOKYO—Nissan Motor Co. plans to boost its vehicle production capacity in China by expanding output of both its mainstay Nissan and upscale Infiniti brands, a person familiar with the details said. The Japanese auto maker is seeking ...

Microsoft's Leung Quits as Head of China, Prompting Reshuffle
Microsoft Corp. (MSFT), the world's biggest software maker, reshuffled top executives at its European and Chinese operations, after the company said Simon Leung quit as chief executive of the greater China region. Leung is leaving for “personal and ...

METALS-Copper dips to near 3-mth low as China data disappoints
* Slower growth might prompt China to loose monetary policy * Industrial output, fixed asset investment data better than expected * US consumer confidence dips in early April By Silvia Antonioli LONDON, April 13 (Reuters) - Copper fell on Friday after ...

German Maker of Robots Gains as Chinese Wages Rise
FRANKFURT — Kuka, the largest European maker of industrial robots, is creating a regional hub in China to develop sales in a country where rising wages are lifting demand for automated factory gear. Kuka, based in Germany, will increase its assembly ...

India, China, Russia pitch for Afghan stability; back dialogue on Syria
Moscow, April 13 — Building upon an understanding at the BRICS summit in New Delhi nearly a fortnight ago, India, Russia and China Friday called for continued international engagement to prevent Afghanistan from sliding back into becoming a safe haven ...

A look at China's military
Although the People's Liberation Army has no history of meddling in domestic politics, it did help the Communist Party win control of China. A Chinese tank, camouflaged with bamboo to protect it from Japanese planes, moves across a wooden bridge during ...

Weak Chinese data weighs on markets
By COLLEEN BARRY US and European stocks slipped Friday on weak Chinese economic data and persistent tensions in eurozone debt markets, while Asian markets were buoyed by a botched North Korean missle test. Concerns about the prospects for global growth ...

Wal-Mart to Work Harder on Growth in China
By LAURIE BURKITT Wal-Mart is still expanding in China, despite higher food prices and rising labor costs. The WSJ's Deborah Kan and Laurie Burkitt speak to Wal-Mart Asia CEO Scott Price. BEIJING—Wal-Mart Stores Inc. acknowledged that it must work ...

GRAINS-US wheat falls 2 pct on slow growth in China
* China's economy grows slower than expected * Economic worries hit equities and commodities * Firmer dollar weighs on grains and soy complex * Cold snap and wet weather in Midwest add to jitters * Rains to slow US corn plantings (Adds US trading ...

China Murder Suspect's Sisters Ran $126 Million Business Empire
The sisters of Gu Kailai, who is suspected of murdering a UK citizen and is the wife of disgraced Chinese official Bo Xilai, controlled a web of businesses from Beijing to Hong Kong to the Caribbean worth at least $126 million, regulatory and corporate ...

Copper Price Hits a 3-Month Low
By TATYANA SHUMSKY Copper prices sank to their lowest level in three months as investors shed economically sensitive assets on weaker-than-expected growth in China and concerns about Spain's debt load. Front-month copper for April delivery fell 9.35 ...

GLOBAL MARKETS-Stocks, euro sag as China GDP spooks investors
* Disappointing Chinese GDP fuels worries on world economy * Concerns re-emerge over euro zone debt crisis * Rising Spanish bond yields add to risk aversion * Cost to insure against Spanish default hits record high By Richard Leong NEW YORK, ...

FOB Gulf Grain- Soy premiums steady-firm on robust China demand
April 13 (Reuters) - Soybean export premiums at the US Gulf Coast were steady with a firm tone on Friday amid very strong export demand, most of it from China and mostly for new-crop supplies, traders said. * Chinese importers aggressively booked ...

EMERGING MARKETS-Latam stocks fall sharply on China, Europe
* Chinese economy grew at its slowest pace in 3 years * Brazil Bovespa down 1.51 pct; Chile's IPSA down 0.49 * Mexican exchange investigating brokerage error * Mexico IPC preliminary falls 2.32 pct By Rachel Uranga and Jean Arce BRASILIA/MEXICO CITY, ...

Death in China Alarmed Some UK Officials
By JEREMY PAGE And CASSELL BRYAN-LOW British consular officials in China expressed suspicion over the death of a British businessman in its immediate aftermath last November, but the case wasn't pursued because other UK officials believed that asking ...

After Harvard, future is uncertain for Bo's son
By Ros Krasny, Adam Tanner, Benjamin Kang Lim and William Maclean | CAMBRIDGE, Mass./BEIJING/LONDON (Reuters) - Bo Guagua, a 24-year-old descendant of Chinese Communist royalty, seemed destined to one day become a rich and powerful businessman in an ...

Beach star May-Treanor fought allergies in Beijing
The Beijing smog made it so difficult for beach volleyball star Misty May-Treanor to breathe when she arrived for the 2008 Olympics that she wasn't sure she would be able to compete. Misty May Treanor won gold with partner Kerri Walsh at the 2008 ...

China gives currency more freedom with new reform
By Koh Gui Qing | BEIJING (Reuters) - China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar, pushing through a crucial reform that further liberalizes its nascent ...

World markets mixed as NKorea rocket fails
By ELAINE KURTENBACH Shares were mixed Friday, as weak Chinese and US economic data cast a pall over early trading in Europe, but Asian markets rallied after North Korea's rocket launch failed. France's CAC-40 dropped 1.1 percent to 3232.73, ...

Copper ends week lower on mixed economic news
By SANDY SHORE Copper prices closed sharply lower this week after a series of gloomy reports about the global economy. Copper fell 2.5 percent Friday after China said its first-quarter economic growth slowed and worries lingered about Europe's ...

USC hopes slayings won't hurt foreign enrollment
Officials are mourning the school's two slain students while trying to reassure families and hold its place as a top global draw. The university has more foreign students than any other US college. Silu Jia, 24, a USC electrical engineering graduate ...


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