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China News 05/2012 (Page 5)



Sell in May & Go Away? Not for Investors in China
Leave it to China to defy a popularly held adage. While a "sell in May" phenomenon took hold across markets this week after French and Greek polls fed fears about Europe's debt crisis and US jobs data signaled a weak recovery, Chinese equities remain ...

Colombia, China Strike Oil Deals
By SIMON HALL BEIJING—Colombian and Chinese officials struck agreements that may help direct much of the Latin American nation's future oil and coal exports to Asia and away from US and European markets. Colombian President Juan Manuel Santos Calderon ...

Chinese Stocks Fall on Export Data While Aussie Climbs on Jobs
Chinese stocks fell to a four-month low and the yuan dropped for a fifth day after exports slowed more than estimated, while the Australian dollar advanced after the country's jobless rate unexpectedly fell. The Hang Seng China Enterprises Index ...

China's Huawei hopes to make a name for itself in smartphones; plans big ...
China's Huawei hopes to make a name for itself in smartphones; plans big ...

China Wants Local Control of Foreign Auditing Firms
By DINNY MCMAHON And SHEN HONG China has instructed the Big Four auditors to hand over control of their Chinese operations to local partners, adding to challenges facing the companies in a fast-growing market. China's Ministry of Finance said Thursday ...

RPT-UPDATE 6-Oil hovers near $113 on US vs China data
(Repeats to recast headline) * New US jobless claims fell slightly last week * China April exports up 4.9 pct y/y vs forecast of 8.5 pct * OPEC says oil supply plentiful, above market needs By Julia Payne LONDON, May 10 (Reuters) - Oil traded around ...

Chinese woman facing home's demolition blows up herself, two others
BEIJING -- A Chinese woman distraught about the planned demolition of her home set off a bomb during a meeting with local officials, killing herself and two others. The suicide blast, relatively rare for China, took place Thursday morning near Zhaotong ...

Emerging Stocks Fall for a Sixth Day as Chinese Exports
By Ian C. Sayson and Jason Webb on May 10, 2012 Most emerging-market stocks fell as Chinese exports grew less than expected and investors waited to see if Greece would call fresh elections. Declining stocks outnumbered advancers by 340 to 291 as the ...

Kevin Spacey is latest A-lister to take on role in Chinese film
BEIJING -- Christian Bale did it in “The Flowers of War.” Hugh Jackman did it in “Snow Flower and the Secret Fan.” Now it's Kevin Spacey's turn to appear in a Chinese movie featuring dialogue in Mandarin and English. The two-time Academy Award winner ...

Vale targets China firms over mega ship standoff
* Vale stops hiring ore carriers from some Chinese firms * Move is a reaction to China's ban on Vale's huge ships * Industry group urges Vale to stop producing mega ships (Adds detail about Vale program, plunging freight rates, Vale share price) By ...

Short Seller Drops Muddy Waters Model for SEC: Corporate Canada
May 10 (Bloomberg) -- Short seller Jon Carnes made millions of dollars publishing anonymous reports accusing Chinese companies of fraud. Now settled in Vancouver after fleeing threats of violence in China, he's trying another business model: providing ...

Beijing Can't Outgrow Corruption
Trying to get graft out of the Chinese system is like trying to take the sugar out of an already baked cake. By SCOTT KENNEDY The made-for-movie saga of disgraced Politburo member Bo Xilai and his family is mesmerizing because it lifts the veil on the ...

Europe's Luxury Rally Founders as China, Greece Fears Hurt LVMH
The biggest rally in three years for luxury-goods makers in Europe is fizzling on concern slower economic growth in China and renewed euro-area political turmoil after Greece's inconclusive election will choke off demand. The nine-company Bloomberg ...

Sinopec Sells $3 Billion Debt, First in Dollars Since '96
China Petrochemical Corp., the state- owned petroleum explorer known as Sinopec Group, sold $3 billion of debt in its first dollar-denominated bond sale in more than 15 years. The company issued $1 billion portions each of 2.75 percent five-year debt ...

China's Growth Slows, and Its Political Model Shows Limits
CHONGQING, China — After the economies of Western nations imploded in late 2008, Chinese leaders began boasting of their nation's supremacy. Talk spread, not only in China but also across the West, of the advantages of the so-called China model — a ...

More Wealthy Chinese Said to Prepare Exits
By JASON CHOW And ANGUS LOTEN Some immigration lawyers have seen a new increase in the number of Chinese seeking foreign citizenship, a trend they suggest is tied to worries about political turmoil and economic slowdown in China, especially among ...

Ex-Official's Drive in China Leads to Torture Inquiry
CHONGQING, China — Police officers here are being investigated over whether they used torture and other questionable methods to obtain evidence during a so-called anticrime campaign overseen by Bo Xilai, the deposed Chinese leader who for four years ...

China's April Consumer Inflation Slows to 3.4%
China's inflation was below the government's target for a third month, giving Premier Wen Jiabao more leeway to stimulate an economy that expanded last quarter at the slowest pace since 2009. Consumer prices rose 3.4 percent from a year earlier after a ...

China's Stocks Fall to Two-Week Low; Poly Real, Developers Drop
Chinese stocks fell to a two-week low, led by developers after Soufun Holdings Ltd., a real estate website owner, said the nation may continue property curbs this year. The Shanghai Composite Index (SHCOMP) lost 0.3 percent to 2404.31 as of the city's ...

Amnesia as the West Judges China
NEW YORK — The two men have little in common. One is a hotheaded cop who liked to whip out his pistol and was an inspiration for the Chinese television series “Iron-Blooded Police Spirits.” The other is a soft-spoken blind activist who advocated for ...

Dismal China, India data signal slowing growth
By ELAINE KURTENBACH Dismal data from China and India on Friday may signal a further weakening of the global recovery, undermining hopes the dynamic emerging economies of Asia can help prop up growth. China reported its industrial production rose 9.3 ...

BASE METALS: Copper Prices Fall On Chinese Data, EU Worries
By Tatyana Shumsky Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Copper prices retreated Friday on weaker Chinese industrial production data and simmering concerns about Europe's debt problems. The most actively traded contract, for July delivery, ...

'They Eat Puppies, Don't They?,' by Christopher Buckley
“Hold out baits to entice the enemy. Feign disorder, and crush him.” Sun Tzu's Chinese classic, “The Art of War,” gets quite a workout in Christopher Buckley's latest uproarious political farce, fervently quoted by strivers and schemers in both Beijing ...

Big Four Auditors Welcome China's Rule to Localize Firms
By Bloomberg News on May 11, 2012 Three of the biggest global auditing firms said a new directive from China to put locally licensed accountants in charge of operations fits with their strategies as the country shifts to an international business model ...

Asia Society's 'Revolutionary Ink' reflects on Wu Guanzhong
The New York exhibition highlights the influential modern artist's career arc amid a turbulent 20th century China. Wu Guanzhong's 1997 ink and color on rice paper “A Fishing Harbour (III)” conveys the Chinese artist's sense of nature to tell the story ...

Selling your goods or services overseas? Get someone to guide you through the ...
Selling your goods or services overseas? Get someone to guide you through the ...

Freedom from Chinese labor camp comes thanks to leader's downfall
By Bo Gu, NBC News BEIJING -- Westerners spreading Christmas cheer with their holiday lights last year probably didn't realize that some of the warm glow came courtesy of a prison labor camp in China, and partially thanks to a former inmate named Fang ...

FOB Gulf Grain - Soy premiums steady-firm after CBOT plunge
May 11 (Reuters) - Soybean export premiums at the US Gulf Coast were steady to firm on Friday amid demand from China and sharply lower futures prices, traders said. * China may have bought one or two cargoes of US soybeans for summer shipment as ...

“China Hand: An Autobiography” by John Paton Davies Jr.
In November 1954 John Paton Davies Jr., deputy chief of mission at the American Embassy in Lima, Peru, was fired by Secretary of State John Foster Dulles. His dismissal had nothing to do with his service in Peru and everything to do with his standing ...

Dismal China, India Data Signal Slowing Growth
Dismal data from China and India on Friday may signal a further weakening of the global recovery, undermining hopes the dynamic emerging economies of Asia can help prop up growth. China reported its industrial production rose 9.3 percent from a year ...


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