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China News 07/2012 (Page 6)



Beijing Defends Sea Claims as Clinton Visits Region
By PATRICK BARTA China asserted its territorial claims in the Western Pacific on two fronts Wednesday, warning diplomats gathered in Cambodia's capital to respect its claims in the South China Sea and engaging in a standoff with Japanese vessels in the ...

METALS-Copper dips on Fed stimulus uncertainty; China GDP eyed
SHANGHAI, July 12 (Reuters) - Copper edged down on Thursday, dropping for a fifth session out of seven, as uncertainty the US Federal Reserve would launch more stimulus measures soured market sentiment, with prices in tight ranges on caution before ...

China Slowdown Seen Forcing Wen's Hand on Property Curbs
China's weakest growth in three years may pressure Premier Wen Jiabao to further ease the government's crackdown on a property industry that accounts for more than a quarter of final demand. Gross domestic product expanded 7.7 percent in the second ...

Seoul shares fall, surprise c.bank rate cut stokes underlying growth worries
* KOSPI down 0.7 pct, retreats after surprise BOK rate cut * Focus remains on China data, US Fed minutes disappoint * Brokerages rally on rate cut, broader market declines By Joonhee Yu SEOUL, July 12 (Reuters) - Seoul shares edged lower on Thursday ...

TABLE-China January-June vehicle sales up 2.9 pct on year
BEIJING, July 12 (Reuters) - China's automobile sales, including those of passenger cars and commercial vehicles, grew 2.9 percent in the first half from a year earlier to 9.60 million vehicles, according to the China Association of Automobile ...

Mixing Romanticism and Business in a Bordeaux Chateau
When Zhang Jinshan, founder of the Chinese beverage company Ningxia Hong, decided to sell French wine, he wanted to ensure its quality. So he bought his own vineyard. Following a trend set by other Chinese, who have bought 20 of the 8500 Bordeaux ...

METALS-Copper slips ahead of China GDP data, growth concerns
* US Federal Reserve puts off stimulus measures * Markets await China Q2 growth numbers at 0200 GMT Friday * Nickel drops to lowest since Dec. 2009 By Harpreet Bhal LONDON, July 12 (Reuters) - Copper slipped on Thursday as markets remained cautious ...

China preempts Apple on iPhone 5 launch
By Melanie Lee | SHANGHAI (Reuters) - Apple Inc's (AAPL.O) next-generation iPhone has not even been released yet, but opportunistic sellers on China's largest e-commerce platform, Taobao, are already accepting pre-orders, complete with mock-up pictures ...

China Ready to Join South China Sea Talks
PHNOM PENH – US Secretary of State Hillary Clinton and Chinese Foreign Minister Yang Jiechi met Thursday in Cambodia to discuss how best to resolve territorial disputes in the South China Sea. Secretary Clinton said no nation can fail to be concerned ...

CANADA STOCKS-TSX hits 2-week low after Fed; China data eyed
* TSX down 143.04 points, or 1.2 percent, at 11401.60 * Mining, energy shares lead index losses * Fed signals no stimulus moves in near term * Oil and metals lower as China GDP data awaited By Jon Cook TORONTO, July 12 (Reuters) - Canada's main stock ...

Sany Heavy Cut Excavator Sales Goal on Weak China Demand
Sany Heavy Industry Co. (600031), China's biggest maker of excavators, lowered annual unit-sales forecast as slowing economic growth and government's curbs on property market sap demand. Excavator sales may increase 10 percent this year, slower than a ...

FOREX-Euro hits 2-yr low vs dollar on global growth concerns
* Euro slides to 2-year low vs dollar on risk aversion * Yen rises as BOJ refrains from new easing steps * Friday China GDP data in focus By Julie Haviv NEW YORK, July 12 (Reuters) - The euro slumped broadly on Thursday, reaching a new two-year low ...

China's economic slowdown painful despite stimulus
In this photo taken Wednesday, July 11, 2012, a woman waits for customers outside a laundromat opened late at night in Beijing, China. From shopkeepers to shipbuilders, China's deepest slowdown since the 2008 global crisis is inflicting more pain in ...

China plays increasing role in Venezuela's economy
Documents obtained by El Nuevo Herald reveal the depth of Chinese business dealings in Venezuela. Chinese President Hu Jintao, right, and Venezuelan President Hugo Chavez toast after a ceremony to sign agreements between the two nations at the Great ...

In China, Little Urge to Audit the Auditors
Optimism appears to be rising that the Securities and Exchange Commission can reach some sort of accommodation with Chinese authorities to get help in investigating a wave of frauds at Chinese-based companies. The deceits have humiliated auditors and ...

Shares jump on relief after China GDP, caution stays
By Chikako Mogi | TOKYO (Reuters) - Asian shares and the Australian dollar jumped on Friday after China's second-quarter gross domestic product data landed in line with forecasts. But market relief could be short-lived as Moody's downgrade of Italy's ...

Most Chinese Stocks Fall After Economic Growth Slows
By Bloomberg News on July 12, 2012 Most Chinese stocks fell after a government report today showed the economy grew at the slowest quarterly pace in three years. Three stocks declined for every one that gained on te Shanghai Composite Index (SHCOMP), ...

FBI probes China's ZTE over Iran tech deals-report
By Steve Stecklow | LONDON (Reuters) - The FBI has opened a criminal investigation into Chinese telecoms gear maker ZTE Corp's sale of banned US computer equipment to Iran and its alleged attempts to cover it up and obstruct a Department of Commerce ...

China seeks to wrest offshore rig crown from Singapore, Korea
* China tempts customers with aggressive pricing * Quality, delivery reliability still a concern * Chinese yards race to diversify from commercial vessels * Big customers still favour South Korea, Singapore (Adds graphic, story links) By Charlie Zhu ...

India morning call-Global markets
----------------(8:15 am India Time)----------------------- Stock Markets DJIA 12573.27 -31.26 Nikkei 8715.79 -4.22 NASDAQ 2866.19 -21.79 FTSE 5608.25 -56.23 S&P 500 1334.76 -6.69 Hang Seng 19060.94 +35.83 SPI 200 Fut 4038.00 +0.00 CRB Index 290.27 ...

PRECIOUS-Gold headed for 2nd losing week as dollar firms
* China Q2 economy grows at slowest since 2009 * Gold investors focus on QE outlook, dollar * Spot gold may rebound to $1581/oz - technicals * Coming up: US PPI, June; 1230 GMT (Adds comments, details; updates prices) By Rujun Shen SINGAPORE, ...

China's Growth Slows to Three-Year Low of 7.6%
China's growth slowed for a sixth quarter to the weakest pace since the global financial crisis, putting pressure on Premier Wen Jiabao to boost stimulus to secure a second-half economic rebound. Gross domestic product expanded 7.6 percent last quarter ...

Brent stays above $100 as supply fears offset China GDP
By Florence Tan | SINGAPORE (Reuters) - Brent crude held steady above $100 a barrel on Friday as supply disruptions in the North Sea and Iran offset concern over lower fuel demand in China, whose economy grew in the second quarter at its slowest in ...

ASEAN Concludes, Exposing S. China Sea Rifts
PHNOM PENH – Southeast Asian foreign ministers have failed to hammer out a joint statement summarizing key regional meetings this week. Members of the Association of Southeast Asian Nations stumbled over how to deal with a simmering dispute in the ...

slower growth, China can't play economic hero
BEIJING – China's economic growth fell to a three-year low, and a potential recovery later this year will probably be too weak to pull the world out of its slump. The world's second-largest economy grew 7.6% from a year earlier in the three months ...

Wall Street gains on JPMorgan, China data |
By Angela Moon | NEW YORK (Reuters) - Stocks rose on Friday, with each of the major indexes gaining more than 1 percent, as data in China allayed concerns about a further slowing of global growth and as bank shares advanced after the release of ...

TREASURIES-Bonds fall on inflation data, stock gains
* Market run-up seen overdone in the short term * Benchmark yields seen lingering near historic lows * Europe, slowing Chinese growth curb market fall * US Fed buys $1.80 bln in long-dated bonds By Richard Leong NEW YORK, July 13 (Reuters) - US ...

Emerging-Market Stocks Advance After China Growth Data
By Christine Harvey and Chris Kay on July 13, 2012 Emerging-market stocks rose from a two-week low as slower-than-estimated expansion in China's economy and a lower growth target from South Korea's central bank fueled speculation about more economic ...

FX GLOBAL CALL: Our Take on the Day's Big FX News
The FX Global Call covers the main talking points from an 1100 GMT news meeting involving DJ FX Trader editors in New York, London and Singapore, as well as other FX hot spots when warranted. 1. In the major economic report of the day, China's gross ...

MARKET COMMENT: Europe Stocks Lifted by China GDP; Telecoms Rise
By Sara Sjolin European stocks jumped and broke a two-day losing streak on Friday as resource shares climbed after China's economic-growth rate met market expectations and as telecoms rallied on a sector upgrade. The Stoxx Europe 600 index jumped 1.3% ...


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