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China News 06/2012 (Page 6)



Orangefield Group: Orangefield widens gateway to China
PRESS RELEASE Orangefield widens gateway to China 'ICS Trust Hong Kong marks Orangefield acquisition number five since 2011' Amsterdam, June 13, 2012 - By acquiring ICS Trust in Hong Kong, Orangefield gains an even stronger foothold in the Asia Pacific ...

China beats LME as draw for copper: Clyde Russell
By Clyde Russell | LAUNCESTON, Australia (Reuters) - Can the shifting of stocks to Shanghai from London Metals Exchange warehouses really be enough to explain the unexpected gain in China's copper imports in May? At first glance the answer appears to ...

Germany Embraces China Buyers Once Spurned as Economy Stings
By Aaron Kirchfeld and Sheenagh Matthews on June 13, 2012 Germany's mid-size businesses, considered the backbone of the country's economy, for years spurned advances from Chinese companies. Then the global economy slumped and German companies stopped ...

Chinese consumers pay more, but expect more, too
By ELAINE KURTENBACH Chinese consumers can afford to splash out more on higher quality products but also expect better value for their money than in the past, an American Chamber of Commerce study found. China's consumer market is forecast to become ...

Beer festival wins out over IndyCar race in China
The Izod IndyCar Series race in China on Aug. 19 was officially cancelled Wednesday, and series CEO Randy Bernard must find another event for the second-half of the season. Bernard had been working with promoters in Qingdao the last several months to ...

Lengthy Prison Terms in Chinese Soccer Corruption Case
SHANGHAI — The former head of the Chinese national soccer association and 10 other former national soccer team players and executives were sentenced by Chinese courts Wednesday to lengthy prison terms for accepting bribes and fixing matches, ...

Airbus Explores Future of Tianjin Jet Plant as Competition Gains
(Corrects date of first aircraft delivery in second paragraph.) Airbus SAS is evaluating the future of its assembly facility for single-aisle aircraft in China, as the country works on its own design of a competing airliner. Airbus owns 51 percent of a ...

China to Loosen Reins on Insurers
SHANGHAI—China plans to allow insurers to make a broader range of investments, giving them more freedom to pursue higher returns and safeguard against potential risks, according to draft rules circulated by the country's insurance regulator, ...

US lawmakers probe China telecoms for ties, contracts
By Jim Wolf | WASHINGTON (Reuters) - US lawmakers are pressing two top Chinese technology companies to disclose their inner workings in a probe into security threats to US telecommunications. Closely held Huawei Technologies Co Ltd and ZTE Corp were ...

METALS-Copper falls on weak US data, euro zone worries
SHANGHAI, June 14 (Reuters) - Copper prices fell on Thursday as weak retail sales data from the United States stirred worries over slowing growth in the world's largest economy. Investors are also cautious ahead of an Italian debt auction later in the ...

China's Stocks Drop After Brokerages Cut Economic Growth Targets
By Bloomberg News on June 13, 2012 China's stocks fell for the second time in three days as Credit Suisse Group AG and Deutsche Bank AG lowered their Chinese economic growth forecasts and a Moody's Investors Service cut of Spain's debt rating hurt ...

Firepower bristles in South China Sea as rivalries harden
By David Lague | HONG KONG (Reuters) - In the early years of China's rise to economic and military prowess, the guiding principle for its government was Deng Xiaoping's maxim: "Hide Your Strength, Bide Your Time." Now, more than three decades after ...

China could see more rate cuts, no stimulus package: ex-official
| BEIJING (Reuters) - The Chinese government could implement two more interest rate cuts and three more reserve ratio requirement cuts in the remainder of the year, a former planning official said. But China does not need another stimulus package like ...

Court Delays Apple China IPad Trademark Ruling For Talks
A Chinese court will delay its decision on Apple Inc. (AAPL)'s appeal of a ruling denying its ownership of the iPad trademark in China to let the company pursue mediation with Proview Technology (Shenzhen) Co. The Higher People's Court of Guangdong ...

Baidu to Share Revenue With Apple on China IPhone Deal
Baidu Inc. (BIDU) said Apple Inc. (AAPL) will be entitled to a share of advertising sales after the Chinese company's search-engine was added as part of a software upgrade for iPhones in China. The revenue-sharing agreement with Apple follows similar ...

Exclusive: Nissan plans $785 million north China plant, to challenge VW ...
Exclusive: Nissan plans $785 million north China plant, to challenge VW ...

Another suicide at Apple-linked manufacturing plant in China
A 23-year-old Chinese Foxconn worker jumped to his death on Wednesday -- the latest in a series of suicides at the Apple supplier's plant that had rights' groups worldwide voicing concern. The death is the first since the company said it would improve ...

Bonds made in China expensive for issuers
* Asian context raises borrowing costs * Issuer ratings, quality irrelevant * China links especially dear By Christopher Langner and Neha D'Silva SINGAPORE, June 14 (IFR) - This Wednesday Tingyi added the food and beverages sector to the line-up of ...

China's Red Ants welcome at RV picnic
By Terril Yue Jones | BEIJING (Reuters) - Dong Xuemin can't wait for weekends when he heads out with family or friends to the mountains north of Beijing or to a lake for a picnic. Dong is a "Red Ant" - a member of a club of urban Chinese who'll find ...

How China's Forced Abortion Policy Hits Two Women
This week in China two similar cases on the issue of forced abortions, which the US deems an extreme human rights abuse, are unfolding with potentially very different outcomes. In the first case, the world was unaware of the abuse as it unfolded and ...

Asean Is a House Divided
Member nations' interests are so diverse that a unified response to Beijing's claims in the South China Sea is proving impossible. By IAN STOREY Since the tense naval standoff between the Philippines and China over ownership of the Scarborough Shoal ...

Hong Kong stocks seen firmer, possible Esprit bounce
| HONG KONG, June 15 (Reuters) - Hong Kong shares are seen opening slightly higher on Friday and poised to post a weekly gain but with turnover likely to remain muted ahead of crucial Greek elections at the weekend. Stocks on Wall Street rose overnight ...

Accused Chinese Party Members Face Harsh Discipline
BEIJING — Membership in the Chinese Communist Party has many advantages. Officials often enjoy government-issued cars, bottomless expense accounts and the earning potential from belonging to a club whose members control every lever of government and ...

IndyCar considering replacement for canceled China race
BROOKLYN, Mich. (AP) – The president of Michigan International Speedway is interested in bringing open-wheel racing to the track, and IndyCar CEO Randy Bernard says he'd like to start a dialogue with MIS after the series canceled a race in China later ...

China's Loneliest Billionaire Dabbles in Tai Chi, Poker
By Bruce Einhorn and Frederik Balfour on June 14, 2012 It's been a rough 18 months for Chinese Internet tycoon Jack Ma, founder and chairman of Alibaba Group Holding Ltd. Early in 2011 a fraud scandal hit his business-to-business e-commerce site, ...

Oil Rout Has China Hoarding Most Since Olympics
By Bloomberg News on June 14, 2012 China is hoarding crude at the fastest rate since the Beijing Olympics four years ago as the slump in international prices prompts it to import unprecedented volumes even as refining slows. The world's second-biggest ...

China could cut RRR to increase liquidity-CASS
| BEIJING, June 15 (Reuters) - China could reduce banks' reserve requirement ratio further to help the country's medium and small firms cope with a credit squeeze, the Chinese Academy of Social Science said in an article published in the official ...

China's Stocks Head for Weekly Gain Amid Stimulus Speculation
By Bloomberg News on June 14, 2012 China's stocks rose, extending a weekly advance, on speculation global central banks will take action to bolster economies amid Europe's sovereign debt crisis. Jiangxi Copper Co. (600362) paced gains among commodity ...

China Money Rate Poised for Biggest Weekly Gain in Two Months
China's money-market rate was set for its biggest weekly gain in two months on speculation demand for cash will increase as the end of the quarter approaches. The seven-day repurchase rate, a gauge of interbank funding availability, rose for a fourth ...

"Brutal" Chinese market pushes startups to US
By Major Tian For many small business owners, oversea expansion usually comes after domestic success and sustained growth. But a group of Chinese tech entrepreneurs have taken the opposite approach-to avoid copycats at home, they had to go to the US to ...


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