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China News 05/2012 (Page 2)



German table tennis player Timo Boll wows Chinese women with his ping pong ...
German table tennis player Timo Boll wows Chinese women with his ping pong ...

In China's Floundering Steel Sector, the Burden of Politics
HANCHENG, CHINA — In a ramshackle township in Shaanxi Province, Communist Party banners urge workers at a nearby steel mill to seek “progress” and avoid making “backward steps.” The slogans on the red banners highlight difficult times for the Chinese ...

Temasek Reduces Stake in 2 Chinese Banks
HONG KONG — The Singapore state investor Temasek Holdings sold shares in China Construction Bank and Bank of China for $2.5 billion, term sheets for the sales show, in a move that reshuffles the fund's sprawling $150 billion portfolio but still leaves ...

Top-Heavy Investment by Soccer Clubs in China
SHANGHAI — The classrooms at Shanghai Shenhua's training complex in the Pudong district were full of dust but empty of students and desks. There were no talented young soccer prospects studying in between practices. The only people negotiating their ...

China's Bright Food buys Weetabix
* Largest overseas deal by a Chinese food group * Weetabix will bring healthy mix to Bright Food * Deal value Weetabix group at 1.2 billion pounds By Samuel Shen and David Jones SHANGHAI/LONDON, May 3 (Reuters) - China's Bright Food will take control ...

Lenovo-backed Firm Sidesteps Hardcore Gamers, With Chinese Video Game System
By Michael Kan, IDG News The Lenovo-backed company behind China's newest homegrown video game system is aiming for product sales to reach hundreds of thousands of units over the next fiscal year ending in March, as it tries to build consumer interest ...

Hugh Hendry predicts crisis will spread to Asia
By Tommy Wilkes and Anjuli Davies | LONDON (Reuters) - Hugh Hendry, one of the hedge fund industry's most outspoken managers, has warned that the economic crisis is headed for Asia, with the region's largest economy, China, struggling under a bursting ...

Trip to China will jump-start UCLA's season
UCLA has the No. 1 recruiting class in the country, and the Bruins are giving themselves every chance to be successful by going on the Pac-12's inaugural tour of China in August. With the diverse student body of a number of his member schools, ...

Christopher Buckley's 'They Eat Puppies, Don't They?': Satirizing US and China
Christopher Buckley writing a Washington satire about a defense lobbyist fomenting trouble with China? So this is what baseball players mean by a pitch being in their wheelhouse. And as with his earlier swing at lobbyists, the hilarious 1994 novel, ...

Book on British woman's slaying revisits China in 1930s
In 'Midnight in Peking,' Sinologist Paul French tries to solve the 1937 killing of Pamela Werner, 19, whose mutilated corpse was found at Beijing's Fox Tower. Sinologist Paul French's true-crime tale, "Midnight in Peking," paints an intimate portrait ...

LME Wants to Push China Warehouse Network
By Glenys Sim and Susan Li on May 03, 2012 The London Metal Exchange, the biggest marketplace for industrial metals that's considering takeover offers next week, wants to expand its warehouse network into China, the largest user of base metals ...

China Renaissance Hires Cowen Banker Au for HK Unit
By Mark Lee on May 03, 2012 China Renaissance Partners, a Beijing- based financial firm, hired the two most senior executives from US investment bank Cowen Group Inc. (COWN) (COWN)'s Asia division to run its unit in Hong Kong, stepping up efforts to ...

PepsiCo Sees Tingyi Deal Aiding China Growth From Third Quarter
PepsiCo Inc., the maker of Gatorade sports drinks and Tropicana juice, expects its alliance with Tingyi (Cayman Islands) Holding Corp. to lift Chinabeverage volumes from the third quarter. The deal, which was approved byChina'sMinistry of Commerce in ...

METALS-LME copper edges off 1-week low ahead of US data
SINGAPORE, May 4 (Reuters) - London copper edged up on Friday, after touching one-week lows in the previous session, although the modest gains reflect caution ahead of a key US jobs report after a recent spate of soft data underscored the fragility of ...

China's small gain could be a big deal
By MarketWatch NEW YORK (MarketWatch) — Maybe Wall Street investors can stop worrying about China, and perhaps the rest of the world, for a while longer. China's Shanghai Composite eked out a 0.1% gain on Thursday while most other benchmark indexes in ...

Geithner calls China currency reforms promising
By CHRISTOPHER BODEEN AP Chinese Vice Premier Wang Qishan, right, talks to US Treasury Secretary Timothy Geithner, left, and US Secretary of State Hillary Rodham Clinton as they attend a group photo after the opening ceremony of US-China Strategic and ...

China Said to Allow 49% Foreign Stakes in Securities Ventures
China raised the ceiling on foreign banks' investments in securities ventures for the first time in more than a decade after two days of talks with the US overshadowed by wrangling over activist Chen Guangcheng. China agreed to let foreign companies ...

China shippers profit from sanctions on Iran petchem trade
* Sinochem, Nanjing Tankers continue to carry Iran petchem * Chinese insurers replace European-based tanker coverage * Chemical freight rates from Iran surge on sanctions By Randy Fabi SINGAPORE, May 4 (Reuters) - Chinese shipping firms are making huge ...

Beijing firm ups China Gas stake, raises battle prospect
* Beijing Enterprises buys 5.4 pct China Gas stake from Oman Oil * Pays 17 pct premium to Sinopec/ENN's offer price * Other key shareholders have also raised China Gas stakes recently (Recasts with analyst comments) By Alison Lui and Charlie Zhu HONG ...

TEXT-Fitch: Weetabix purchase highlights nature of EM acquisitions
May 4 - The acquisition of 60% of Weetabix by Chinese food producer Bright Food highlights the increasingly two-way nature of Western brand expansion into emerging markets, Fitch Ratings says. Richer Western multinationals are seeking to push into ...

US pushing China to allow Chen Guangcheng to study abroad
BEIJING — Secretary of State Hillary Rodham Clinton on Friday embraced a statement from China that blind activist Chen Guangcheng could seek permission to study abroad, with US officials urging the Chinese government to “expeditiously process” his ...

3 Doors to China
FOR the first-time visitor to China, planning a trip to the most populous country on earth can be an exercise in trying to tame the infinite. Where to begin? Since most people will be flying into Beijing, Hong Kong or Shanghai, we suggest basing ...

Sohu Drives First ADR Index Tumble Since March: China Overnight
Chinese shares traded in New York slumped, with the benchmark index poised for the first weekly drop since March, on concern the global slowdown will curb demand for goods from the world's biggest exporter. The Bloomberg China-US Equity Index (CH55BN) ...

Activist Chen Offered U.S. Fellowship in Sign Standoff Over
(Updates with comment from analyst in seventh paragraph and Clinton in 11th.) May 4 (Bloomberg) -- The US and China forged a new solution to the dilemma surrounding Chen Guangcheng after their original deal fell apart, opening a path for the legal ...

EU green power needs market access to thrive-draft
* China also asked for technology flexibility * Grid urgently needs updating * 100 bln euros needed for power transmission lines By Barbara Lewis PARIS, May 4 (Reuters) - Free access to emerging renewable energy markets such as Brazil, China and India ...

Former IBM executive helped bring China into computer age
When then-IBM executive Allan Joseph went to China in 1977 to help negotiate the first sale of a large-scale computer to the Chinese government, he had little idea of his trip's eventual significance. Joseph, a Frederick resident, was part of a small ...

Foxconn workers talk about jobs, work with Apple
By John Boudreau SHENZHEN, China -- Wang Yu Ping, a member of the army of migrant workers who piece together everything from iPhones to Hewlett-Packard (HPQ) laptops at factories spread throughout this country, isn't happy with the world's gaze on his ...

Forbes China 30 Under 30: Frank Wang Lets Angelina Jolie Help To Build His ...
Forbes China 30 Under 30: Frank Wang Lets Angelina Jolie Help To Build His ...

The Ferrari With the Dragon Tattoo
It was inevitable: Global car makers are rushing to cater to China's new rich. But will Chinese tastes reach our own showrooms? Dan Neil reports from Beijing By DAN NEIL As a journalist, I am sometimes called upon to deliver bad news, ...

Trade mission to China pays off, Idaho Gov. Otter says
A Moscow biotech company's deal to sell pregnancy tests to a Chinese dairy giant was sealed during Idaho Gov. Butch Otter's recent trade mission to China. But the critical moment for BioTracking came two years ago, when Otter allowed the company to ...


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