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China News 05/2012 (Page 12)



PBOC-Backed Newspaper: Don't Rule Out Interest Rate Cuts
By Aaron Back and Liu Li Of DOW JONES NEWSWIRES BEIJING (Dow Jones)--A newspaper backed by China's central bank on Friday said the possibility of lending rates cuts in the near term can't be ruled out, as evidence has accumulated that growth is still ...

Asian stocks muted as Europe, China woes weigh
By PAMELA SAMPSON Asian stock markets struggled for firm footing Friday as investor nerves were tested by fizzling economic growth in China and the lack of a concrete plan to pull Greece back from the brink of bankruptcy. Media reports that some of ...

Exclusive: China leadership rules Bo case isolated, limits purge: sources
By Benjamin Kang Lim and Chris Buckley | BEIJING (Reuters) - Chinese President Hu Jintao has demanded senior Communist Party officials stifle tensions over the ousting of ambitious politician Bo Xilai and show unity as they prepare for a change of ...

METALS-Copper up on euro rebound; seasonal slowdown eyed
* Traders say European consumers are stocked for near term * ShFE copper stocks drop by 9.4 percent or 16325 on week * US, Germany markets closed on Monday By Melanie Burton LONDON, May 25 (Reuters) - Copper was up half a percent on Friday, ...

China urged to act on growth as exports show spark
By Kevin Yao | BEIJING (Reuters) - China should step up efforts to spur economic growth, including cutting the amount of cash that banks must hold as reserves, a central bank adviser said on Friday, even as the government saw tentative signs of a ...

Kinsley: China on the capitalist road
By Michael Kinsley China Daily, the largest English-language newspaper in China, carried a front-page headline last week: "Village Gratitude Shows Integrity of Task." Not clear what that's about, and the opening sentence isn't much help: "On a hot ...

US declines to cite China as currency manipulator
WASHINGTON – The US government said Friday that China has made progress in allowing its currency to rise against the dollar and declined to accuse the nation of manipulating its currency to gain a trade advantage. The decision issued by the Treasury ...

Courting China: Li Na leaps up sport's rich list
By Caroline Cheese, for CNN Li Na's French Open win made her one of the richest sportswomen in the world -- second only to tennis rival Maria Sharapova, right. The world No. 7 has reached two WTA Tour finals this year (CNN) -- You don't get any prizes ...

SAIC Board Approved Transfer of 1% Venture Equity to GM
Shanghai Automotive Industry Corp. said it has approved selling back to General Motors Co. (GM) 1 percent ownership in their joint venture for $91.4 million. SAIC disclosed terms of the deal, which included yearly interest of 4.86 percent, ...

Cannes 2012: China's liaison with a classic in 'Dangerous'
CANNES, France--Western directors have been looking east for years, remaking and borrowing from countries like China and South Korea with Tarantino-esque abandon. Asian filmmakers, however, have been far less inclined to go the other way and tackle a ...

Exclusive: US probes China's ZTE over tech sales to Iran
By Steve Stecklow | WASHINGTON (Reuters) - The Department of Commerce is investigating Chinese telecommunications equipment maker ZTE Corp for allegedly selling embargoed US computer products to Iran. The investigation was launched following reports by ...

BMW To Increase Investment, Production in China
By Nico Schmidt SHENYANG, China—BMW AG and its joint-venture partner Brilliance China Automotive Holdings Ltd. will invest €500 million ($628.6 million) to increase production capacity in China, the German car maker said Thursday, suggesting that ...

US cut its carbon emissions in 2011 — but China erased the gains
Yes, it's true: Americans are slowly starting to tackle global warming. US carbon emissions dropped 1.7 percent last year, according to the International Energy Agency. But that only went so far. Thanks to China's fast growth, ...

Searching for the Truth in a Place Made of Lies
By TOM NOLAN 'My grandfather believed in the Nationalists, but Chiang Kai-shek shipped all the gold to Taiwan in 1949," says a disgruntled Chinese citizen in "Don't Cry Tai Lake" (Minotaur, 262 pages, $24.99), Qiu Xiaolong's latest thought-provoking, ...

A Tweet, A Year In A Labor Camp, And Now An Appeal
by Louisa Lim Audio for this story from All Things Considered will be available at approx. 7:00 pm ET Fang Hong is seeking compensation for the year he spent in a Chinese labor camp — his sentence for a scatological tweet that mocked politician Bo ...

Wave of Nationalism as China Prepares for Leadership Change
BEIJING — As an English-speaking talk show host on China Central Television, Yang Rui likes to think of himself as a bridge between East and West. He has a soft spot for tweed newsboy caps and Sherlock Holmes-style pipes and takes pride in his ...

China has a dangerous liaison with a classic
By STEVEN ZEITCHIK CANNES, France -- Western directors have been looking east for years, remaking and borrowing from countries such as China and South Korea with Tarantino-esque abandon. Asian filmmakers, however, have been far less inclined to go the ...

LONDON 2012: Olympic gold means more to US men's water polo players than big ...
LONDON 2012: Olympic gold means more to US men's water polo players than big ...

Visa change for Beijing-sent teachers upsets China
By DIDI TANG A US clampdown on visas for instructors at China's flagship cultural program overseas has incensed Beijing, with state media pouncing on it as an attempt by Washington to frustrate Chinese global ambitions. The crisis flared last week with ...

Leader of Chinese firm that bought AMC says Europe could be next as he looks ...
Leader of Chinese firm that bought AMC says Europe could be next as he looks ...

US women face China in friendly Sunday
Ives Galarcep is a 14-year veteran of the American soccer beat. He created and operates the popular American soccer blog, Soccer By Ives, which was voted Best American Soccer Blog by US Soccer in 2008, 2009, and 2010. Ives was also voted Best Football ...

Cartoon studio in China faces state clout, global stars
AP, october 2011 AP, october 2011 AP, october 2011 AP, october 2011 AP, october 2011 AP, october 2011 By AP SHANGHAI — Chinese cartoonist Carol Liu Hong built her studio from scratch, doing postproduction work for TV commercials and then, ...

China Encourages Private Investment in Banking Sector
China will encourage greater private investment in banks as it seeks to fuel growth in an economy that's losing steam and to aid small businesses that are short of funds. Qualified companies can buy into lenders through private stock placements or new ...

May 27 at SIFF: 'The Revolutionary'
"The Revolutionary" tells the tale of Sidney Rittenberg, an American who worked for Mao Zedong's communist revolution and regime — and then lost favor. It's at the Seattle International Film Festival on May 27 and 31, 2012. By Michael Upchurch Sidney ...

Can China Escape the Low-Wage Trap?
THE news out of China this year has been relentlessly bad. The political system was embarrassed in front of its own people by the Bo Xilai scandal and in front of the world by the Chen Guangcheng incident. The Chinese economy has slowed and its stock ...

US concludes China isn't a currency manipulator
BEIJING, May 27 (Xinhuanet) -- The United States on Friday declined to name China a currency manipulator but said it would "press for policy changes that yield greater exchange rate flexibility" in the yuan. The Chinese currency remains "significantly ...

China Industrial Companies' Profits Declined 2.2% in April
By Bloomberg News on May 26, 2012 Chinese industrial companies' profit growth fell in April, a government report showed today, as the nation's slowing economy curbed demand. Earnings declined 2.2 percent from a year earlier to 407.6 billion yuan ($64.2 ...

Canton Charge's Campbell enjoys trip to China
By Josh Weir The Canton Charge point guard returned to the United States on Monday after spending almost a week in Guangzhou, China, as part of the first NBA China Jam Live, which was billed as a six-day showcase of what the NBA has to offer Chinese ...

Electronic cigarettes: 'important new niche category'
Smoke Stiks as seen at the Tarheel Tobacco Outlet in Clemmons, NC, Tuesday May 22, 2012. Electronic cigarettes (e-cigs) the next big thing in the tobacco industry, are unregulated and made in China. All this could change if Reynolds American follows ...

Chinese ex-official allegedly raped over 10 girls
(05-26) 21:15 PDT BEIJING, China (AP) -- Authorities have detained a former official in a central Chinese city for allegedly raping more than 10 girls. Officials in Yongcheng city referred queries Sunday to a statement by the city government that says ...


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