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China News 05/2012 (Page 14)



Analysis: Geography, not economy, counts in China's rebalancing
By Nick Edwards XI'AN, China (Reuters) - A gleaming new $1.4 billion airport extension, a $5.2 billion bullet train and Samsung's planned $7 billion electronics plant, touted as the largest single high-tech foreign investment in China, are sure signs ...

Wine from the Gobi desert aims at booming market
By Maxim Duncan | WUHAI, China (Reuters) - As spring warms the sands of the Gobi desert in China's vast Inner Mongolia region, it's not just the local camels who are happy to see the end of a long, cold winter. Just a few hundred meters from towering ...

Copper slips, Spain debts weigh
| SHANGHAI (Reuters) - Copper slipped on Tuesday as Spain's debt risk premium hit a euro-era high, reviving fears that the euro zone's debt crisis may worsen and shear off the region's demand for metals. Sentiment was also dampened by comments from a ...

Japan, China to Launch Yen-Yuan Direct Trading
SHANGHAI—Japan and China will start direct trading of their currencies on Friday, Japan's finance minister said Tuesday, as part of a broad agreement reached last year to reinforce bilateral financial ties. "From June 1, the yen-yuan exchange rate ...

China State Council Has Approved Expansion Of VAT Reform To Beijing - Source
(Adds comments on timing of implementation in 4th-5th paragraphs, background on Shanghai reforms in 6th-9th paragraphs.) BEIJING (Dow Jones)--China's State Council, its cabinet, has approved the expansion of an experimental value-added tax reform to ...

Lujiazui Breakfast: News And Views About China Stocks -- May 29
Share prices may rise on continued efforts by the government to support the market and support economic growth. The Shanghai Securities News on its front page today reported China's property industry is having some of its best sales in May since the ...

BYD Releases Details About Electric Taxi Fire
HONG KONG — The best-known Chinese manufacturer of electric cars released Tuesday the details of a crash and fire that destroyed an electric taxi and killed its three occupants in southern China early Sunday morning and said any gasoline-powered car ...

BASE METALS: Comex Copper Ticks Higher On China Hopes
By Matt Day Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Copper futures prices gained Tuesday, propped up as some investors saw a bargain in the metal's four-month lows hit last week, while others took a rosy view of conflicting reports that top ...

China Boosts Investment
BEIJING—China has significantly accelerated approvals for new investment projects by companies and local governments, part of a campaign to support growth in the world's second-largest economy. Associated Press The investment projects range from new ...

Chinese buyers crave luxury cars
By Alisa Priddle, USA TODAY and the Detroit Free Press Americans unfamiliar with the Chinese auto industry may hold a common perception that most Chinese consumers are moving from bicycles to cheap small cars. But the potential for growth and profit is ...

Stocks higher on hopes for China stimulus
NEW YORK (AP) — Stocks jumped Tuesday, one of their best days in an otherwise dreary month, after China appeared poised to rev up its economic growth machine. Industrial stocks that depend heavily on the Chinese economy, like Caterpillar and Alcoa, ...

Challenges Mount for Chinese Maker of Electric Cars
HONG KONG — Four years ago, the BYD Company promoted the electric battery technology it was developing as a way to help China transform the automobile. No less an investor than Warren E. Buffett, one of the world's richest men, boasted about the ...

Rupee to Help Bharat Heavy Beat Chinese Rivals: Corporate India
By Rajesh Kumar Singh on May 29, 2012 The Indian rupee's tumble to a record low may help Bharat Heavy Electricals Ltd. (BHEL), the nation's biggest power-equipment maker, regain market share from Chinese rivals as the weaker currency pushes up import ...

India Morning Call-Global markets
-----------------(8:15 am India Time)---------------------- Stock Markets S&P/ASX 200 4107.00 +4.00 NZSX 50 3487.6 +9.6 DJIA 12580.69 +125.86 Nikkei 8571.90 -85.18 NASDAQ 2870.99 +33.46 FTSE 5391.14 +34.80 S&P 500 1332.42 +14.60 Hang Seng 18649.12 ...

China's Money Market Rate Falls Most in a Week on Policy Outlook
China's benchmark money-market rate fell the most in a week on speculation the central bank will loosen monetary policy further to arrest an economic slowdown. Premier Wen Jiabao said the world's second-biggest economy faces increasing downward ...

How China Flouts Its Laws
SINCE I arrived in the United States on May 19, people have asked me, “What do you want to do here?” I have come here to study temporarily, not to seek political asylum. And while I pursue my studies, I hope that the Chinese government and the ...

Do You Know the Way to Wuliangye?
BEIJING — Feel comfortable flying into Johnnie Walker Airport? How about Wild Turkey International? That's more or less what awaits travelers to two new airports in China, which local governments want to name after the country's most celebrated ...

TEXT-S&P summary: Parkson Retail Group Ltd.
(The following statement was released by the rating agency) May 30 - =============================================================================== Summary analysis -- Parkson Retail Group Ltd. --------------------- 30-May-2012 ...

China gives nod to strategic industries to aid growth
BEIJING (Reuters) - China's cabinet on Wednesday approved a blueprint to promote seven strategic industries by 2015 as part of efforts to reform the economy and underpin long-term growth. "As the economy faces increasing downward pressure, ...

TEXT-S&P: hard landing in China could hit capital goods cos
May 30 - Capital goods sectors in the US, Europe, and Asia are among the industries most vulnerable to a hard landing for China's economy this year, Standard & Poor's Ratings Services said today in an article titled "The Credit Overhang: A Hard Landing ...

In China, a New Round of Stimulus
BEIJING — Spooked by a sharply slowing economy, China's leaders have begun opening the financial spigots to build still more roads and airports and subsidize consumer purchases, reprising measures that enabled the nation to sail mostly unscathed ...

CANADA STOCKS-TSX tumbles on global growth fears, RIM
* TSX down 161.67 pts, or 1.4 pct, at 11447.63 * Energy, materials tumble on Spain, China woes * RIM's shares plunge 8 pct By Jon Cook TORONTO, May 30 (Reuters) - Canadian stocks hit a one-week low on Wednesday, led by mining and oil and gas firms, ...

China investigates Agriculture Bank vice president
(Adds statement from bank) HONG KONG May 30 (Reuters) - A vice president at Agricultural Bank of China Ltd , China's third largest bank by market value, is under investigation by the Communist Party's discipline authorities, a source with direct ...

Chinese FM boosts spirits in Islamabad
By Baqir Sajjad Syed Wednesday, May 30th 2012, 12:01 PM May 30--ISLAMABAD (Dawn/ANN) -- Snubbed at Chicago and confronted with growing international isolation, Islamabad yesterday got much needed words of support from Beijing, whose foreign minister ...

EMERGING MARKETS-Latam stocks down on Europe worry, China
* China dashes hopes for fiscal stimulus * Greek leftists gain in recent poll * Brazil Bovespa falls 1.46 pct, Mexico IPC down 0.48 pct By Asher Levine SAO PAULO, May 30 (Reuters) - Latin American stocks fell on Wednesday on dashed hopes of fiscal ...

US Sets Tariffs on Chinese Wind-Turbine Towers
By KEITH JOHNSON The US Commerce Department slapped tariffs on Chinese wind-turbine towers, the latest chapter in a clean-energy trade battle between Washington and Beijing. The preliminary ruling, made in response to a complaint filed in December by a ...

China's Stocks Fall for Second Day on Europe Concerns
By Bloomberg News on May 30, 2012 China's stocks fell for a second day as concerns grew Europe's debt crisis will hurt shipments to the nation's largest overseas market. Shanghai International Port (Group) Co. fell 1.4 percent on concern trade to ...

Air Pollution Fuels Hospital Visits in Hong Kong
A man wears a surgical mask as he crosses a busy intersection, in Hong Kong, China on Sept. 17, 2010. Deteriorating air quality in Hong Kong is sending more people to hospital, says a new survey. According to a pair of researchers at the Chinese ...

Asian Currencies Weaken Most Since September on Europe, China
Asian currencies were poised for the biggest monthly loss since September as China's economy slowed and a banking crisis in Spain curbed appetite for emerging- market assets. The Bloomberg-JPMorgan Asia Dollar Index lost 2.7 percent since April 30 as ...

Intel Reaches for China's High-end Market With New Lenovo Smartphone
By Michael Kan, IDG News Intel announced on Wednesday the availability of another smartphone built around its processors, this time in China. But the high price of the new Lenovo LePhone K800 could make it a tough sell in the country, ...


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