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China News 04/2012 (Page 8)



Odd Couple: China Meets Hollywood
By MICHELLE KUNG David Franzoni, the Academy Award-winning producer of "Gladiator," knows how to craft a film out of a historical event. He faces a new challenge for his latest project: working with the Chinese government, which has its own ideas about ...

China Q1 FDI inflow at $29.5 bln, down 2.8 pct from year ago
* March FDI inflow at $11.8 billion, Q1 at $29.8 billion * Inflows down versus year ago, but still on track to beat 2011 record * March outbound FDI at $16.55 billion By Zhou Xin and Nick Edwards BEIJING, April 17 (Reuters) - China drew in $29.5 ...

China trade Q2 performance to improve from Q1 -MOFCOM
* China Commerce Ministry confident of meeting 2012 trade growth target * Trade in Q2 to show improvement versus Q1 * Expects stable policy backdrop to achieve targets BEIJING, April 17 (Reuters) - China's Ministry of Commerce said on Tuesday it was ...

People.cn Sets Shanghai IPO Range
SHANGHAI—People.cn Co., the website of China's ruling Communist Party's newspaper The People's Daily, said Tuesday that it plans to raise as much as 1.6 billion yuan (US$246 million) in an initial public offering ahead of a listing on the Shanghai ...

China May Become Top Corn Importer by 2014, Displacing Japan
China may displace Japan as the world's largest corn importer as early as 2014, as demand for meat and feed grains expands along with its middle class, the US Grains Council said. “It could be a matter of two to three years,” Thomas Dorr, president of ...

Tokyo governor says city plans to buy disputed East China Sea islands
TOKYO — Tokyo's outspoken governor says the city has decided to buy a group of disputed islands in the East China Sea to bolster Japanese claims to the territory, a move that could elevate tensions with China. Gov. Shintaro Ishihara said the city is ...

Chaos Again Swirls Around Anelka
LONDON — Before moving to China earlier this year, Nicolas Anelka said he had aspirations to be a film actor when his playing days were over. Right now, he seems to be starring in a soap opera. Shanghai Shenhua signed him up as a goal scorer to light ...

iShares Trust Barclays 20+ Year Treasury Bond Fund (TLT)
Thomas H. Kee Jr. is the president and CEO of Stock Traders Daily (dotcom), where he offers strategies and newsletters to both institutional and individual investors, and he manages money privately for both institutional and individual investors ...

Asia Distillates-Regrade at 1 1/2 month high on jet demand
SINGAPORE, April 17 (Reuters) - Asian regrade, the price difference between jet fuel and gasoil, climbed for a fourth straight session to a one-and-a-half-month high on Tuesday as jet fuel demand remained robust in China. Front-month regrade increased ...

China's Stocks Fall on Foreign Investment Slump
By Bloomberg News on April 17, 2012 China's stocks fell, dragging the benchmark index down by the most in more than two weeks, as data showing foreign direct investment sank for a fifth month underscored concern Europe's debt crisis is hurting the ...

Japanese Engineers Find New Life in China
DONGGUAN, CHINA — Their technical skills helped Japan's corporate giants sweep all before them in the 1980s, and now thousands of aging Japanese engineers are finding a new lease on life in a booming China. “My profession is going out of business in ...

Murder probe into British businessman's death backed, then blocked, by China's ...
Murder probe into British businessman's death backed, then blocked, by China's ...

Hollywood In China? Country's New Foreign Film Quotas Make The Industry Optimistic
By RYAN NAKASHIMA 04/16/12 05:29 PM ET LOS ANGELES -- There's a new breach in China's great cultural wall and Hollywood is cautiously moving in. Disney's announcement Monday that it will make "Iron Man 3" in partnership with a Chinese company is the ...

Apple Pressures Beijing With iPad Snub
Doug Young lives in Shanghai and writes about tech investment in China for Techonomy and at www.youngchinabiz.com. What do Venezuela and the tiny island nation of Saint Maarten have that China doesn't? Starting on Friday, the answer will be the latest ...

China copper demand to grow under 7 pct: Xstrata
By Alexandra Ulmer and Fabian Cambero | SANTIAGO (Reuters) - Chinese copper demand will grow a little under 7 pct this year and more positive signs of US demand will help offset the impact of lingering European economic woes, the head of Xstrata's (XTA ...

Frenzied Hours for US on Fate of a China Insider
WASHINGTON — On the evening of Feb. 6, a vice mayor of a major Chinese city who had a reputation as a crime fighter turned up at the American Consulate in Chengdu in an agitated state, telling a tale of corruption and murder that has ensnared the ...

China Home Prices Fall in More Than Half Cities Tracked
China's March home prices fell in a record 37 of 70 cities tracked by the government in March as officials pledged to keep restrictions on property purchases that have sapped buyer demand. The eastern city of Wenzhou led declines with a 9 percent slump ...

UK raises Briton's murky death in China talks
By DAVID STRINGER Britain's senior politicians urged China on Tuesday to ensure that an investigation into the suspicious murder of a British businessman is free from political meddling and quickly uncovers the facts. Prime Minister David Cameron and ...

China Lowers Producer Subsidies on Ethanol From Grain
China, the second-biggest corn consumer, lowered subsidies for producers of grain-based ethanol by more than half in the latest move to curb industrial use and ensure livestock-feed supply. Producers now get 500 yuan ($79) for a ton of ethanol made ...

Taiwan President Wraps Up Tour of Africa
April 18, 2012 Taiwan President Wraps Up Tour of Africa Ivan Broadhead | Mbabane, Swaziland Taiwan's president on Tuesday wrapped up a 12-day, three-country tour of Africa aimed at reaffirming Taipei's diplomatic links to the continent in the face of ...

BlackRock targets consumers in slowing China
By David K. Randall | NEW YORK (Reuters) - China's 1.3 billion consumers may be the only thing preventing the world's second-largest economy from a hard landing that could reverberate across global markets, according to a report issued by asset manager ...

China Plans Crude-Oil Futures This Year
By WAYNE MA BEIJING—China plans this year to offer a crude-oil futures contract, according to the country's securities regulator, a move that could help domestic companies cope with fluctuating oil prices and increase China's influence over global ...

Landslide Peril Near Chinese Reservoir Grows, Official Says
BEIJING — A growing threat of landslides on ground surrounding the massive Three Gorges Dam reservoir could force the government to relocate 100000 more residents of the area, from which 46000 were moved earlier, an expert with China's land and ...

What Hong Kong Knows About China
By JOSEPH STERNBERG In a bit of virtuous contagion, a coughing fit of accounting honesty concerning Chinese companies appears to be spreading from the US to Hong Kong. Investors along the Fragrant Harbour could be forgiven for wishing there was a ...

China Probes Chongqing Spending Under Bo
By LINGLING WEI, DINNY MCMAHON and BRIAN SPEGELE BEIJING—Authorities are questioning billions of dollars worth of government spending in the city of Chongqing launched under fallen top Chinese leader Bo Xilai, according to people familiar with the ...

GM Seeks Sway in China
By SHARON TERLEP SHANGHAI—General Motors Co. and its big Chinese partner, Shanghai Automotive Industry Corp., agreed to restructure their joint venture to give GM equal say in key decisions as their alliance moves to expand outside China, ...

Investor Distrust of Chinese Listings Hits IPOs, Prices
Profit warnings, auditor disputes and delistings involving Chinese companies trading on foreign exchanges are fueling investor distrust, wiping out valuations and poisoning the market for new listings. The 180 Chinese firms that went public in New York ...

Chinese Espionage Campaign Targets U.S. Space Technology
China is stealing US military and civilian space technology in an effort to disrupt US access to intelligence, navigation and communications satellites, according to a report from the State and Defense Departments. “China's continuing efforts to ...

TABLE-PBOC weekly open market operations at a glance
SHANGHAI, April 19 (Reuters) - The People's Bank of China (PBOC) conducted a net injection of 52 billion yuan ($8.25 billion) into the banking system this week, according to Reuters calculations. The PBOC has injected a total of 182 billion yuan so far ...

Chinese brothers sentenced for roles in phony ID ring
Jun Yue Zhang says he ran from the police in China, sprinting into the mountains near his tiny village after he compared government authorities with mobsters for levying fines against him and his wife for having a second child, according to federal ...


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