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China News 07/2012 (Page 12)



Stevens Seeks to Ease Concerns on China, Housing 'Bubble' Risks
Reserve Bank of Australia Governor Glenn Stevens sought to ease concern his nation is vulnerable to shocks from a slower Chinese economy, a domestic housing slump and global financial stress, saying it remains a “lucky country” with a favorable outlook ...

Chinese Fans React to Lin's Move
As unhappy as some US basketball fans may be at news that the NBA's New York Knicks decided not match the Houston Rockets' offer for point guard phenom Jeremy Lin– and some are very unhappy indeed – at least folks in China will be pleased with result, ...

Oil rises towards $104 on China data
By Peg Mackey | LONDON (Reuters) - Oil climbed towards $104 a barrel on Tuesday as China's economy showed signs of improvement, though gains were checked by further evidence of damage to Europe's economy. China's manufacturing output in July grew at ...

Lesson Learned? Beijing Defends its Flood Numbers
A rescue boat approaches a partially submerged car on a flooded highway after heavy rainfalls hit Fangshan District in Beijing, July 22, 2012. Residents of Wajing Village, in Beijing's Fangshan district, sit amidst debris and damaged vehicles in the ...

Swatch Confident of Shrugging Off China Slowdown
(Adds detail throughout, CEO comment from second paragraph, share price in 14th paragraph, analyst comment in 16th paragraph.) By John Revill ZURICH (Dow Jones)--Swatch Group AG (UHR.VX), the world's biggest watch maker by sales, Tuesday said it is ...

Nations at Impasse Over South China Sea, Group Warns
BEIJING -- The intensifying disputes between China and four of its Southeast Asian neighbors over claims in the South China Sea have begun to raise warnings over the prospect of open conflict. The disputes, enmeshed in the competition for energy ...

Weakened typhoon swirls through southern China
HONG KONG (AP) – The strongest typhoon to hit Hong Kong in 13 years swirled into southern China as a tropical storm Tuesday, still potent enough for mainland authorities to order the evacuation of tens of thousands of people and warn residents of ...

Outsourcing Losing Its Allure As China Costs Soar
(Reuters) - Seesmart Inc (SEST.PK), a small California lighting company, used to make all of its LED products in China, but last year that started to change. Frustrated by expensive and slow shipping and wanting more control over the manufacturing ...

Brennan: London Olympics chaos welcome after sterile Beijing
LONDON - The traffic jams are likely to be terrible. Protesters are expected to be plentiful. The rain likely will return with a vengeance later this week, just in time for the Opening Ceremony. There will either be too few tickets for too many people, ...

Lin Follows Yao's Steps in NBA and China
Last February, when Jeremy Lin emerged as a unique and unlikely NBA star, he exuded a striking mix of confidence and composure. But it was not as if he did so without support, and Lin said he got much of that from Yao Ming, the NBA's first Asian ...

IMF Says China Downside Risks Significant
The International Monetary Fund said China's slowing economy faces significant downside risks and relies too much on investment, urging leaders to boost consumption and channel citizens' savings away from housing. The IMF repeated an assessment that ...

METALS-Copper steadies from one-month low; debt woes weigh
(Adds analyst, trader comment, updates prices) * Copper hits lowest since June 28 at $7355 a tonne * Light consumer buying seen; funds trading range - trader * Coming up: German IFO business climate at 0800 GMT By Melanie Burton SINGAPORE, ...

INSIGHT-China's CNOOC scoped Nexen, partnered, then pounced
* Chinese oil firm pounced when Nexen CEO left in January * CNOOC learned from BHP-Potash, Unocal experiences * Chinese started lobbying early, put in concessions * Methodical approach, JV lay groundwork for biggest deal By David Ljunggren, ...

India Morning Call-Global markets
-----------------------(8:23 GMT)----------------------- Stock Markets DJIA 12617.32 -104.14 Nikkei 8402.92 -85.17 NASDAQ 2862.99 -27.16 FTSE 5499.23 -34.64 S&P 500 1338.31 -12.21 Hang Seng 18841.59 -61.61 SPI 200 Fut 4054.00 -31.00 CRB Index 296.37 ...

China growth to gain pace in H2-industry ministry
* China economy set for H2 pick-up as policies gain traction * Industry still facing downward pressure at home and abroad * Latest Reuters poll forecasts 2012 growth of 8 pct BEIJING, July 25 (Reuters) - China's economic growth will likely pick up in ...

The Importance of 'Face' for Chinese Jobseekers
Thousands of jobseekers flock to an employment fair in Hefei, east China's Anhui province on February 25, 2012. To Chinese employers, a picture is worth a thousand-word resume. Nearly half of all employers in China like to check out online photos of ...

Most Chinese Stocks Fall on Property Curbs Concern, IMF Comments
Most Chinese stocks fell as the International Monetary Fund said the country's economy faces significant downside risks, overshadowing gains by consumer staples producers on earnings optimism. A gauge of real estate companies slumped 1.6 percent, ...

Solarworld Rises as China Trade Complaint Nears
Solarworld AG (SWV), Germany's biggest panel-maker, rose to its highest in three weeks after the company said it's working on an anti-dumping complaint against Chinese competitors with the European Commission. Solarworld rose as much as 4.4 percent, ...

A Flood of Anger Follows Deadly Rains in Beijing
By MARK MCDONALD Getty Images-AFPRescuers tried to retrieve a submerged bus in Beijing after heavy rains overwhelmed the city's drainage systems. HONG KONG — Government officials are sticking with their official death toll of 37 after rainstorms ...

Apple Drops as Results Miss Estimates on IPhone-Sales Lull
Apple reported strong earnings for the third quarter with revenue of $35 billion, a jump of 23% compared to last year, but missed Wall Street's expectations with unexpected lower sales of the iPhone. CEO Tim Cook hasn't said when Apple will unveil a ...

Why Do the Chinese Copy So Much?
By DIDI KIRSTEN TATLOW An imitation of the medieval square of Halstatt, Austria, erected in Guangong province, China. (With authentic Austrian brass band, mayor and family.) HALLSTATT, Austria — Imitation is the sincerest form of flattery — but it ...

Deal Gives LME Inroads Into China
By Francesca Freeman The London Metal Exchange is on the road to Asia, after shareholders rubber-stamped Hong Kong Exchanges and Clearing Ltd.'s high-profile acquisition bid Wednesday. The vote — which saw shareholders representing 99.63% of LME ...

China Shifts Course, Lets Yuan Drop
By BOB DAVIS And LINGLING WEI The People's Bank of China guided the Chinese currency to its weakest level of the year on Wednesday against the US dollar, the third straight day of a push to bring down the yuan's value. Overall, the yuan has fallen 1.1% ...

Lies, Damned Lies, and China's Economic Statistics
By TOM ORLIK China's statisticians get a tough press. After all, it was Europe, not China, whose fudged public finance data helped usher in the latest round of global financial turmoil. The biggest corporate fraud in recent memory isn't China's ...

China's Sovereign Fund Shifting Away From Stocks
By LINGLING WEI China Investment Corp., which posted a 4.3% loss on its global portfolio last year, has significantly reduced its holdings of public securities and accelerated a push into longer-term investments as the $482 billion sovereign-wealth ...

China flooding gives government another credibility crisis
BEIJING — Deadly rain that battered the nation's capital over the weekend has left the Chinese government knee-deep in its latest credibility crisis. Authorities are accused of underreporting the number of dead while failing to provide adequate ...

TPG Completes Purchase of China-Based Packaging Company HCP Holdings
By Chao Deng SHANGHAI--US private equity firm TPG Capital has completed its purchase of China-based cosmetics packaging company HCP Holdings, the companies said Thursday. A person familiar with the matter said TPG paid $500 million for Shanghai-based ...

METALS-Copper steadies from one-month low; euro woes cap gains
* ShFE copper curve signals fresh shorts -Standard Bank * Coming Up: US durable goods for June; 1230 GMT (Adds analyst, trader comment, detail, updates prices) By Melanie Burton SINGAPORE, July 26 (Reuters) - London copper steadied on Thursday, ...

India morning Call-Global markets
-----------------(8:25 am India Time)----------------------- Stock Markets DJIA 12675.05 +58.73 Nikkei 8389.38 +23.48 NASDAQ 2854.24 -8.75 FTSE 5498.32 -0.91 S&P 500 1337.89 -0.42 Hang Seng 18918.48 +40.15 SPI 200 Fut 4090.00 +8.00 CRB Index 297.24 ...

Admiral: Positive signs for US-China military ties
CAMP HM SMITH, Hawaii – The top US commander in the Asia-Pacific region said Wednesday he's seeing positive signs as he tries to develop relations between the US and Chinese militaries. Adm. Samuel J. Locklear III said China and the People's Liberation ...


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