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China News 07/2012 (Page 3)



Roach Says China Has Scope for More Rate Cuts as Inflation Slows
China has scope for further reductions in interest rates as growth and inflation slow in the world's second-largest economy, according to Stephen Roach, former non-executive chairman for Morgan Stanley in Asia. “The People's Bank of China has plenty of ...

Chinese Cars Make Valuable Gains in Emerging Markets
BEIJING — For more than a decade, automakers around the world have been nervously awaiting the day when China would start exporting sizable numbers of cars to the West. Now it seems they were worried about the wrong threat. China is shipping just a ...

India morning call-Global markets
---------------(8:30 am India Time)----------------------- Stock Markets DJIA 12896.67 -47.15 Nikkei 9047.46 -32.34 NASDAQ 2976 +0.04 FTSE 5684.47 -3.26 S&P 500 1374.02 +8.51 Hang Seng 19751.19 -54.61 SPI 200 Fut 4142.00 +0.00 CRB Index 0.00 +0.00 ...

Nikkei down after ECB rate cut fails to dispel concerns
* US job data next focus; weak data could fuel easing hopes * China, ECB easing effect seen gradually filtering through * Nikkei's failure to break 50 pct retracement seen negative * Exporter shares still smarting from global slowdown worries ...

STOCKS NEWS SINGAPORE-CapitaLand, developers in China rise
Shares of property developers with exposure to China such as CapitaLand Ltd and Yanlord Land Group Ltd rose, bucking the broader market trend, on expectations that China's rate cut could boost their earnings. By 0343 GMT, CapitaLand shares were up 2.1 ...

US, partners to push for global sanctions on Assad, but need Russian, Chinese help
PARIS – The United States and its European and Arab partners will threaten the Assad regime with global sanctions if it fails to quickly implement a Syrian peace plan that includes the appointment of a new interim government, US officials said Thursday ...

China IRS fall toward 2-year low after PBOC rate cut
* Benchmark 5-year IRS drop 10 bps to 2.66 pct * May fall below 2-year low of 2.62 pct - traders * Temporary liquidity shortage caps IRS downside * 7-day repo slumps 54 bps but cash flow still tight By Lu Jianxin and Kazunori Takada SHANGHAI, ...

People power a sign of times in China's internet age
Editor's note: "Jaime's China" is a weekly column about Chinese society and politics. Jaime FlorCruz has lived and worked in China since 1971. He studied Chinese history at Peking University (1977-81) and was TIME Magazine's Beijing correspondent and ...

China Share of Biggest Oil Tankers Seen Falling in Tracking Data
China's share of crude-oil deliveries by supertankers is poised to fall by 1.5 percentage points, according to a snapshot of signals from the vessels today and a week ago. About 11 percent of the world's very large crude carriers are bound for the ...

Asian Shares Drop on Central Bank Action
By DANIEL INMAN Most Asian markets closed down on Friday as worries resurfaced over the global economy, but mainland Chinese stocks climbed following a surprise interest-rate cut. Financial stocks were the worst performing of the S&P 500's 10 sectors, ...

Clinton: Russia, China Blocking Progress on Syria 'Intolerable'
PARIS — US Secretary of State Hillary Clinton says it is "intolerable" that Russia and China continue to block a peaceful resolution of the crisis in Syria by backing President Bashar al-Assad. Secretary Clinton told a Paris meeting of governments ...

Chinese Police Officials Linked to Target in Chongqing Scandal Are Arrested
BEIJING — Central investigators have detained at least two senior police officials with close ties to Wang Lijun, the former police chief of Chongqing who set off a national political scandal after confiding secrets to American officials, ...

US to Assure ASEAN on China During Meetings
Friday, 06 July 2012 US to Assure ASEAN on China During Meetings William Ide, VOA | Washington, DC US Secretary of State Hillary Clinton travels to Southeast Asia next week to attend the ASEAN regional forum in Cambodia and the foreign ministers ...

METALS-Copper extends losses after weak US job data
* US non-farm payrolls data weaker than expected * China rate cuts may anticipate weak data next weak * Copper hits session low of $7559.75 By Silvia Antonioli LONDON, July 6 (Reuters) - Copper extended losses on Friday under the weight of a stronger ...

ENN Says Majority of Shareholders Support China Gas Bid
By Aibing Guo and Paul Gordon on July 06, 2012 ENN Energy Holdings Ltd. (2688), leading a $2 billion hostile bid for China Gas Holdings Ltd. (384), extended the offer and said a majority of its shareholders support the plan, even as investors bought ...

COMMODITIES-Oil, metals crumple on US jobs data; grain rally stalls
* US jobs report fuels worries about global economy * CRB index drops 2.2 pct, biggest daily decline since Dec * Oil lead sell-off as Norway expected to end strike * Grains end three-week drought-induced rally * Copper falls 2 pct, gold off more than 1 ...

When has China blocked Internet sites and why?
China's leadership has regularly blocked online sites and blacked out TV networks when items deemed unfavorable have appeared. Here are a few recent high-profile topics that provoked censorship. Visitors wait to take a turn surfing the Internet at an ...

Prada Bagmaker Sitoy Plans China Production Boost to Meet Demand
By Vinicy Chan on July 06, 2012 Sitoy Group Holdings Ltd. (1023), which makes Coach Inc. (COH) (COH) and Prada SpA (1913) handbags, plans to boost production capacity by 50 percent over two years as luxury brands move more manufacturing to China to cut ...

Checking Out a San Francisco Spinoff
Anthony Myint, a partner in Mission Chinese Food, which opened on Orchard Street in the Lower East Side in May, was recently quoted as saying approvingly that the restaurant had “the feel of an old divey Thai takeout place” and sent “that crucial ...

Some of the hottest places on Earth
Sure, it feels like it couldn't be any hotter than it is in DC today, but believe it or not, there are worse places to be. Lut desert, or Dasht-e Lut, is a large salt desert in southeastern Iran and is the world's 25th-largest desert. In 2004 and 2005, ...

Bolivia's Textile Trade a Globalization...
Bolivia's Textile Trade a Globalization...

Japan Weighs Buying Islands Also Claimed by China
By CHESTER DAWSON TOKYO—Japan's prime minister said the national government is considering purchasing a set of islets at the center of a territorial dispute between Tokyo and Beijing, a move that could further strain ties between Asia's two largest ...

Nissan braces for tough environment in China for Infiniti
By Norihiko Shirouzu and Fang Yan | BEIJING (Reuters) - Nissan Motor Co.'s(7201.T) luxury brand Infiniti is bracing for a tough start in China, even as it opened a high-profile "flagship plus" store in Beijing and pledged to beef up its presence in ...

Voters on offshore Taiwan island OK casinos
AP TAIPEI, Taiwan -- The offshore Taiwanese island chain of Matsu appears set to join Macau in the China gambling sweepstakes. Matsu voters approved a referendum Saturday permitting casino gambling on the islands, located about 20 kilometers (11 miles) ...

China adoption diary: The gotcha day "zap." Love at first sight.
Part 4 – China adoption diary: Pig-tailed and rhinestoned Madeleine Bao Yi meets the Belsie family – her family – on gotcha day. It's love at first sight. By Gretchen Belsie, Guest blogger / July 7, 2012 It was love at first sight for the Belsie family ...

China Rejects US Criticism Involving Syria Conflict
Beijing has rejected criticism by US Secretary of State Hillary Clinton that China and Russia are hampering efforts to end the Syrian conflict by supporting President Bashar al-Assad. Chinese Foreign Ministry spokesman Liu Weimin said Saturday that ...

In new political ad, Obama taking on Romney over candidate's pledge to get ...
In new political ad, Obama taking on Romney over candidate's pledge to get ...

China Must Prevent Rebound in Property Prices, Wen Says
China must “unswervingly” continue its property controls and prevent prices from rebounding, Premier Wen Jiabao said yesterday, after the central bank cut interest rates and triggered a surge in property stocks. Local governments that introduced or ...

Raul Castro ends visit to China after signing cooperation pacts
Cuban President Raul Castro concluded Saturday his four-day visit to China after signing a number of significant accords, particularly on financial cooperation, and having met with the current leaders and their successors, the Xinhua state-run news ...

Barca confirm Keita exit as China deal nears
By ESPN staff Barcelona have confirmed that Seydou Keita has decided to leave the Nou Camp, with the midfielder expected to join Chinese side Dalian Aerbin. Mali international Keita is free to leave Barca having started under 50% of their games last ...


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