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China News 04/2012 (Page 9)



METALS-Copper guarded ahead of Spanish bond auction
SHANGHAI, April 19 (Reuters) - London copper futures were little changed on Thursday as caution reigned ahead of a key bond auction in Spain amid growing worries the euro zone debt crisis is resurfacing, dimming the outlook for global raw material ...

Wilmar founder triples stake in Singapore's Perennial
| SINGAPORE (Reuters) - Wilmar International's billionaire founder Kuok Khoon Hong has tripled his stake in a China property trust and set up a S$500 million ($400 million) investment firm with a former CapitaLand executive, raising his exposure to the ...

Mini electric cars fill gap in China as official EVs sputter
* Unlicenced and un-green, but cheap * Rural buyers trade up from motorcycles * As gov't EV plan falters, entrepreneurs fill void By Fang Yan and Ken Wills BEIJING, April 19 (Reuters) - The tiny electric car that Chen Xianping drives to work over bumpy ...

China study finds mine workers at higher risk of cancer, heart disease
HONG KONG (Reuters) - Chinese workers who are exposed to silica dust in mines, and pottery and gemstone factories suffer not only from respiratory illnesses, but are at higher risk of contracting heart and infectious diseases and cancer, researchers in ...

Iron Ore-China steel falls for 4th day in 5, slow demand
* Shanghai rebar at 2-week low, iron ore off 6-month top * BHP sells spot cargo at nearly flat prices, Vale tenders * Fortescue sees strong ore demand from China, firm prices (Updates rebar price, adds China economy poll) By Manolo Serapio Jr SINGAPORE ...

Everbright International Investigates Vice Chairman's Identity
China Everbright International Ltd. (257) said it started an investigation into the identity of Vice Chairman Li Xueming, after Apple Daily reported he's the brother of ousted Chongqing party secretary Bo Xilai. The results of the probe will probably ...

METALS-Copper dips as Spain auction, US data fail to impress
* Spain sells two- and 10-year bonds, markets unconvinced * US jobless, home sales and factory activity data disappoints * China may raise liquidity via open market operations By Veronica Brown and Maytaal Angel LONDON, April 19 (Reuters) - Copper ...

Starbucks to Introduce Verismo Brewers in China Next Year
By Bloomberg News on April 19, 2012 Starbucks Corp. (SBUX) (SBUX), the world's largest coffee-shop operator, will introduce instant dairy products worldwide and bring its Verismo single-serve brewer to China next year as it triples stores in the Asian ...

China's XCMG buys majority of Germany's Schwing
(Adds details on company, financing) FRANKFURT, April 19 (Reuters) - China's Xuzhou Construction Machinery Group (XCMG) has agreed to buy a majority stake in privately held German machinery manufacturer Schwing, the latest in a series of deals by ...

Thai PM's Visit to China a Sign of Beijing's Rising Influence
April 19, 2012 Thai PM's Visit to China a Sign of Beijing's Rising Influence Ron Corben | Bangkok Thailand and China want to boost annual bilateral trade to $100 billion by 2015, a goal set during this week's vist to Beijing by Thai Prime Minister ...

Nissan Looks to China to Revitalize Infiniti Brand
By CHESTER DAWSON YOKOHAMA, Japan—Nissan Motor Co. is looking to China's burgeoning luxury car market for a new lease on life for its struggling Infiniti brand, with plans to manufacture two models in China and to sell stretch luxury cars designed for ...

A Turkish Primer on Engaging Beijing
By NURY A. TURKEL Turkish Prime Minister Recep Tayyip Erdogan's visit to China last week was bound to be notable, since this was the first visit by a Turkish head of government in 27 years. It was particularly high profile, however, because his first ...

The End of China's One-Child Policy?
By Dexter Roberts on April 19, 2012 Molly Zhang, a 31-year-old account manager in the lighting industry, just had her second son. Now she has to pay a fine likely to total 30000 yuan ($4760), roughly equal to her annual salary, for violating China's ...

New Zealand gives nod to China firm to buy farms
| WELLINGTON, April 20 (Reuters) - A Chinese investment company won approval for a second time on Friday to buy 16 dairy farms in New Zealand, after a court challenge forced the country's government to review its orginal decision in favour of the ...

Ford Doubling Production in China With New $760 Million Factory
Ford Motor Co. (F), playing catch up in China, plans to build a $760 million assembly plant in Hangzhou that will double its Chinese output to 1.2 million vehicles annually. Ford and joint venture partner Changan Ford Mazda Automobile Co. will start ...

China's Stocks Swing Between Gains, Losses on Policy, Earnings
By Weiyi Lim on April 19, 2012 China's stocks swung between gains and losses as concerns about slumping earnings overshadowed speculation the government will take steps to boost growth. Rail car makers CSR Corp. and China CNR China Corp. jumped more ...

Analysis: Gulf in China bond spreads shows foreigners' credit fears
By Gabriel Wildau and Lawrence White | SHANGHAI/HONG KONG (Reuters) - To foreign bondholders of Fosun International, concerns seem to be growing around the business prospects of the Chinese industrial conglomerate. To its onshore Chinese bondholders, ...

China's biggest state firms' Q1 profits down 13.6 percent
| BEIJING (Reuters) - Combined first-quarter net profit of China's largest non-financial state-owned enterprises dropped 13.6 percent from a year ago to 181.4 billion yuan ($28.78 billion), a state-owned asset watchdog said on Friday, reflecting a ...

Apple in talks with iPad trademark challenger to try and settle dispute
By Michael Kan IDG News Service - Apple and a Chinese company have started talks to try and resolve an ongoing legal dispute over the iPad trademark, according to a lawyer involved in the case. Ma Dongxiao, a lawyer representing the Chinese company ...

China Falls Behind in Readiness for Electric Cars, McKinsey Says
China, the world's largest automobile market, slipped in its readiness for electric vehicles as existing subsidies failed to stimulate demand. China ranked fifth globally behind Japan, US, France and Germany in the adoption of battery-powered vehicles, ...

Analysis: China poised to crank up capital account opening
By Nick Edwards | BEIJING (Reuters) - China is poised to boost quotas on outbound investment schemes to $100 billion and cut barriers to moving foreign currency in and out of the country in a series of swift but small steps to crank open its tightly ...

China Is 'Biggest Overweight' for UBS Amid Easing
Chinese stocks are UBS AG's “biggest overweight” position as the government eases monetary policy, and the economy avoids a deeper slowdown, according to the brokerage's Asian equity strategists. UBS raised South Korea (KOSPI) to overweight, ...

China's Hot New Tech Stock Offering: The People's Daily
By Dexter Roberts on April 20, 2012 Mao Zedong may be tossing in his mausoleum. The People's Daily, mouthpiece of the Chinese Communist Party since 1948, is listing its online business on the Shanghai Stock Exchange. That's the Beijing-based newspaper ...

How Mao Became a Hipster Icon
BEIJING — The DJ with the bob haircut and sparkling leggings considers the question. Smoke from her waifish cigarette curls skyward. It's shortly after 2 pm, and she has only recently awoken. She is explaining why, in addition to disco music and ...

Chinese billionaire's death sentence overturned
BEUING -- China's highest court overturned a death sentence for Wu Ying, a 31-year-old billionaire convicted of “fundraising fraud,” China's official newswire reported on Friday. Wu's case has triggered a high-profile controversy in China over the use ...

Fiat Faces Long Road In China As It Unveils New Car
By Gilles Castonguay and Andrew Galbraith Of DOW JONES NEWSWIRES MILAN/SHANGHAI (Dow Jones)--Fiat SpA (F.MI) will present at next Monday's Beijing motor show its first car made with a local partner in a belated attempt to catch up with rivals that are ...

Wolters Kluwer Expands Its Partnership with Chinese Publishing Industry
Delegation of Chinese publishing executives visits Wolters Kluwer headquarters in the Netherlands Alphen aan den Rijn (April 20, 2012) - Wolters Kluwer, a market-leading global information services company focused on professionals, today welcomed a ...

CORRECT: Fiat Faces Long Road In China As It Unveils New Car
("Fiat Faces Long Road In China As It Unveils New Car," at 1453 GMT, misstated sales figures in the 8th, 9th and 13th paragraphs. The correct version follows:) By Gilles Castonguay and Andrew Galbraith Of DOW JONES NEWSWIRES MILAN/SHANGHAI (Dow ...

China Court Encourages Apple, Proview to Settle Dispute
By Mark Lee on April 20, 2012 A Chinese court is mediating talks between Apple Inc. (AAPL) (AAPL) and Proview Technology (Shenzhen) Co. in a bid to get the companies to settle their dispute over the iPad trademark in the country. “On the one hand, ...

Little Trouble in Big China
By FERGUS M. BORDEWICH Before the era of China's present-day anything-goes commercialism, before communism and Mao, there was another China: of warlords, unspeakable poverty, opium dens and a semi-colonial occupation by privileged foreigners who lived ...


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