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China News 06/2012 (Page 8)



Chinese diver at home in USA, eyes London
Chen Ni didn't leave China to improve her chances of competing in the Olympics. She emigrated to experience the American lifestyle and earn a college education. Now, the former Indiana University-Purdue University Indianapolis (IUPUI) diver could end ...

China promises Taiwan investors up to $95 billion in loans to build ties with ...
China promises Taiwan investors up to $95 billion in loans to build ties with ...

China May home prices fall, pace of declines picks up
* Beijing May new home prices down 1.2 pct on year * Shanghai new home prices fall 1.6 pct on year * Sales climb as some cities offer incentives * National price curbs seen staying in place BEIJING, June 18 (Reuters) - Average home prices in China's 70 ...

China Abandons Role of Global Engine as Wen Tempers Stimulus
(Updates with property data in sixth paragraph.) June 18 (Bloomberg) -- Premier Wen Jiabao has an unspoken message to his Group of 20 counterparts in Mexico today: This time, don't count on a growth bailout from China. In the depths of the 2008 credit ...

RPT-TEXT-Fitch Rates China Hanking 'BB-'; Outlook Stable
(The following was released by the rating agency) June 18 (Fitch) Fitch Ratings has assigned iron ore miner China Hanking Holdings Limited (Hanking) a Long-Term Foreign Currency Issuer Default Rating (IDR) of 'BB-' with Stable Outlook, ...

Party official acknowledges scandal's damage to China
| BEIJING (Reuters) - The Communist Party chief of the southwestern Chinese city of Chongqing acknowledged on Monday that a scandal that toppled his predecessor had done serious harm to the party's image, just months before a key congress and change of ...

WTO-China Steel, Facebook SEC Letters, Gupta Verdict: Compliance
By Carla Main on June 18, 2012 China broke global commerce rules by imposing anti-dumping and anti-subsidy duties on more than $200 million of US steel products, the World Trade Organization said in a ruling June 15. Judges agreed with the US that ...

China to Start Trial Securitization Program for Banks
By LINGLING WEI China is expected to soon kick-start a trial program that would allow banks to turn loans into securities and free up funds for lending at a time when Beijing is seeking ways to bolster growth. The securitization program could remove as ...

China to Start Trial Program to Boost Banks' Lending
By LINGLING WEI BEIJING—China is expected to soon kick-start a trial program that would allow banks to turn loans into securities and free up funds for lending at a time when Beijing is seeking ways to bolster growth. The securitization program could ...

Beijing and Manila Ease Tensions in South China Sea
BEIJING — Chinese fishing boats near the disputed Scarborough Shoal off the Philippine coast were heading back to port Monday after Philippine vessels withdrew from the same area in a short-term easing of tensions in the South China Sea, ...

China Lures Global Dairy Producers
BEIJING — Global food and dairy companies are making another round of big bets on the fast-growing Chinese dairy sector, seeking to position themselves as safe alternatives after a scandal over deaths from baby formula burned the industry four years ...

Stan Lee's new superhero 'Annihilator' gets a Chinese partner
SHANGHAI — "Spider-Man"creator Stan Lee's first Chinese superhero, "The Annihilator," topped the inaugural slate of feature film co-productions announced Monday by state-run National Film Capital. NFC, a Beijing-based entertainment industry fund ...

METALS-Copper gives up gains as Greek election relief fades
* All LME base metals fall into the red * Optimism evaporates after Greek election result * Spanish yields above 7 percent as concerns linger * Group of 20 Summit in Mexico on Monday, Tuesday By Maytaal Angel and Eric Onstad LONDON, June 18 (Reuters) ...

China's Party Is About to End
On a wide range of issues at home and abroad, Beijing can kick the can no further. By MICHAEL AUSLIN Twenty years ago, Deng Xiaoping made his famous "southern tour." The journey took place just a few years after the Tiananmen Square massacre, ...

International Drug & Explosives Detection Company IDenta Corp Announces Update ...
International Drug & Explosives Detection Company IDenta Corp Announces Update ...

Fake takeover: Chinese businessman made up purchase of US bank
Buying Delaware-based Atlantic Bank for $60 million was a coup for Chinese businessman Lin Chunping. Earlier this year, Lin was all over the Chinese news describing his purchase of the bankrupt 85-year-old institution, which he he said planned to ...

Even in New York, China Casts a Shadow
One month after their flight from China to New York, the dissident lawyer Chen Guangcheng and his family have settled into comfortable, busy lives in Greenwich Village. Mr. Chen is enjoying his first chance in years to study and use the Internet ...

PRESS DIGEST - China -June 19
| SHANGHAI, June 19 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Tuesday. Reuters has not checked the stories and does not vouch for their accuracy. SHANGHAI SECURITIES NEWS -- Funds are now allowed ...

China to let insurers manage offshore yuan funds -paper
| SHANGHAI, June 19 (Reuters) - China will let insurers manage offshore yuan funds, a business now limited to fund houses and brokerages, giving a potential booost to the sector as the country pursues broad financial reforms, the official Shanghai ...

Hollywood filmmakers gather in China at Shanghai film festival
SHANGHAI — Hollywood and Chinese film veterans eager to take part in the world's fastest growing movie market gathered in this historic city to kick off the 15th annual Shanghai International Film Festival. China's movie ticket sales rose 30% last ...

METALS-London copper steadies; euro zone eyed
SHANGHAI, June 19 (Reuters) - London copper was steady on Tuesday, after ending slightly down in the previous session when an early euphoria over a victory for Greece's pro-bailout parties soon gave way to worries about Spain's shaky finances and wider ...

Seeking Currency in Soft Power
At the beginning of this year, Chinese premier Hu Jintao wrote an essay in which he pronounced: "The international culture of the West is strong while we are weak." Hu was referring to 'soft power,' a term coined by Harvard professor Joseph Nye to ...

ZTE to Add Workers as It Doubles Asia Pacific Sales
ZTE Corp. (000063), China's second-biggest maker of telecommunications equipment, will more than double its Asia Pacific sales to $4 billion from about $1.8 billion by 2015. ZTE (763), based in the southern Chinese city of Shenzhen, expects to also ...

China may lean on RRR cuts in policy easing if slowdown persists
By Kevin Yao | BEIJING (Reuters) - China's central bank could rely on cutting the amount of cash the banks must hold as reserves to bolster growth but reserve further interest rate cuts as the last-resort policy option, economists familiar with ...

Western firms tap China cash to bid for UK nuclear
* Areva teams up with China Guangdong Nuclear Power Company * Westinghouse chooses China Nuclear Power Tech Corp * Two other bidders likely to be involved By Karolin Schaps and Arno Schuetze LONDON/FRANKFURT, June 19 (Reuters) - China may soon have a ...

Thailand's SSI will return to profit by Q1 2013-Win
By Silvia Antonioli NEW YORK, June 19 (Reuters) - Thailand's Sahaviriya Steel Industries PCL (SSI) expects to return to profit by the first quarter next year even as growing Chinese imports and softening steel prices continue to bite, the company's ...

Chinese Activist, Now in New York, Takes a Harder Look at Beijing
By MARK MCDONALD Todd Heisler/The New York TimesChen Guangcheng with his wife, Yuan Weijing, in New York on Monday. BANGKOK — Even after years of detention, rough treatment and harassment in his rural village in China, Chen Guangcheng seemed to hold ...

The Problem with Political Showmanship in China
By Yiyi Lu Those who hold on to the outdated view that Chinese officials are typically drab, stiff bureaucrats who have no interest in public relations have not been paying attention lately. According to the latest issue of the Chinese current affairs ...

PICC to Seek Up to $4 Billion in Hong Kong IPO
By PRUDENCE HO HONG KONG—State-owned People's Insurance Co. (Group) of China Ltd. plans to seek approval from Hong Kong's securities regulator Thursday for a listing that could raise between US$3 billion and US$4 billion, people close to the deal said ...

French Architect Arrested in Chinese Inquiry
HONG KONG — A French architect who worked closely with a disgraced Chinese official and his wife has been arrested in Cambodia, the French government said late Tuesday, in a development that could trigger further diplomatic friction in a domestic ...


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