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China News 08/2012 (Page 6)



China's 'millennials' face same job struggle as America's
By Benjamin Carloson, Global Post. Editor's note: The following text is from Global Post, which provides views – important, moving or just odd – from around the world. The views expressed are solely those of the author. Whether you call them jiu ling ...

Trial to Spotlight Bo's Chongqing Security Chiefs
A scandal that ruined the career of prominent Chinese Communist Party leader Bo Xilai, and led to murder charges against his wife, has widened to include four of his former security chiefs being charged with covering up the crime. A statement from the ...

Sands China Deals Scrutinized
Las Vegas Sands CEO Sheldon Adelson and his wife look at a model of the Sands Cotai in Macau. The Center—funded by Sands and named after the Sands CEO—was designed to help small and medium-size U.S. businesses break into the Chinese market ...

China presses offensive against Bo with police trial
1 of 9. Gu Kailai (front, C), wife of ousted Chinese Communist Party Politburo member Bo Xilai, attends a trial in the court room at Hefei Intermediate People's Court in this still image taken from video August 9, 2012. Credit: Reuters/CCTV via Reuters ...

China's downturn-proof booze makers hit government wall
Stocks. Fri Aug 10, 2012 8:08am IST. * Moutai, Wuliangye are China's biggest baijiu makers. * Fund managers impressed by Moutai, Wuliangye's earnings guidance. * Beijing vows to clamp down on lavish baijiu-drenched state dinners. By Clement Tan and ...

Shares snap rally on weak China trade data
TOKYO (Reuters) - Asian shares extended losses on Friday, snapping a four-day rally, as China's July export and import data fell far short of expectations. China's exports grew just 1.0 percent in July from a year earlier, much weaker than market ...

China July exports undershoot forecasts by big margin
Fri Aug 10, 2012 9:07am IST. By Nick Edwards and Xiaoyi Shao. BEIJING Aug 10 (Reuters) - China's July exports rose just 1 percent from a year earlier, undershooting forecasts by a big margin and adding to a downbeat set of monthly data that has boosted ...

Campaign Spending, Chinese Style
Most elections pump a little campaign money into the economy, providing much needed grease for the political wheels. In China, which has its own version of a key campaign this year, it's no different. And one of the beneficiaries is the Communist Party ...

Intel, Chinese orgs set up China Open Source Cloud League
Intel and several Chinese organizations have set up a technical community which will focus on the development and support of open-source cloudplatform OpenStack, and hopes to increase China's contribution to the OpenStack global community. According ...

Lin, Mitcham lead contenders for men's 10-meter diving title at London Olympics
LONDON — It won't be a sweep, but China will try and claim its seventh gold in the last diving event of the London Games. China has won all but one diving event at the Olympics, and now it's up to Lin Yue to try and finish strong when the men's 10 ...

China Export Growth Slides as World Recovery Slows
China's export growth collapsed and imports and new yuan loans trailed estimates in July, adding to signs the global economy is weakening and raising the odds the government will step up measures to support expansion. Outbound shipments increased 1 ...

9 on trial in China over teenager's sale of kidney for iPad and iPhone
The teenager has suffered renal failure after selling his kidney, the state news agency says; Only a fraction of the proceeds from the transplant went to the teenager, it says; The nine defendants are accused of "intentional injury". (CNN) -- Nine ...

Wall Street slips on China data, S&P still up for week
NEW YORK (Reuters) - Stocks fell on Friday after news of a far weaker-than-expected rate of growth in Chinese exports, but the S&P 500 remained on track to post its fifth straight week of gains. Trade and new bank lending data in China suggested pro ...

China Increases Risks for Euro
Article · Comments · The Euro Crisis HOME PAGE ». smaller; Larger. facebook. twitter. google plus. linked in. Email; Print. facebook; twitter; google plus; linked in. Email; Print. smaller; Larger. facebook. twitter. google plus. linked in. Email ...

Reader's Theater: Drama Strategies to Use With Any Day's Times (Part 5)
Color China Photo, via Associated PressAn explosion last May at a Foxconn factory in Chengdu, China, killed four people and injured 18. It built iPads. Classes might use the related article, “In China, Human Costs Are Built Into an iPad,” for the ...

Stocks open lower on Wall Street, closing out quiet week; Europe's problems ...
Stocks open lower on Wall Street, closing out quiet week; Europe's problems ...

Books by Michael J. Casey and Daniel Gross
For Michael J. Casey, a columnist at The Wall Street Journal, our economic problems stem from rapid financial globalization, floods of destabilizing liquidity, the rise of China, excessive risk-taking in finance and the unholy alliance between bankers ...

FOREX-Euro falters for a 3rd day as risk appetite wanes
Euro on track for weekly loss versus dollar * Optimism about ECB action waning * Chinese data knocks Australian dollar By Gertrude Chavez-Dreyfuss NEW YORK, Aug 10 (Reuters) - The euro struggled for a third day against the dollar and yen on Friday and ...

TREASURIES-Bonds gain on global growth concerns
China's July exports grow less then expected * US Treasury yields rise on the week * US import prices unexpectedly fall in July By Chris Reese NEW YORK, Aug 10 (Reuters) - U.S. Treasury debt prices climbed on Friday, taking back a portion of the week's ...

Chinese politician's wife admits to murdering Brit in court
BEIJING – The wife of a disgraced top Chinese politician was a depressed woman on medication but a willful murderer who poisoned a British businessman while in fear for her son's life, official media said Friday in what appeared to be a prelude to her ...

China Says Gu Confesses to Murdering Briton
Gu Kailai's trial lasted mere hours Thursday. HEFEI, China—Gu Kailai, the wife of ousted Chinese Communist Party official Bo Xilai, confessed to murdering a British businessman because she felt that he threatened her son after the two men got into a ...

USDA raises cotton stock estimate; prices sink
(Updating with comment, detail throughout) By Josephine Mason NEW YORK, Aug 10 (Reuters) - The U.S. Department of Agriculture raised its estimate for global cotton stockpiles in 2012/13 to record highs on Friday, sending prices down more than 2 percent ...

US Authorities Scrutinize Adelson China Center
In the fall of 2007, during the Chinese ambassador's tour of the U.S., one stop was Las Vegas Sands Corp.'s Venetian casino, where he helped celebrate the announcement of a planned Adelson Center for U.S.-China Enterprise in Beijing. Guests dined on ...

China's Credit Crisis Triggers Concerns About A Great Bubble Bursting
A new credit crisis is erupting in China's richest province, triggering concerns about the domino effect on the vast banking sector and economy at large. Analysts are concerned that China is on the verge of a great credit bubble, which may blow up if ...

Credit Swaps in US Rise as China, Europe Data Signal Slowdown
Credit Swaps in U.S. Rise as China, Europe Data Signal Slowdown. By Brooke Sutherland - 2012-08-10T19:32:50Z. A gauge of U.S. corporate debt risk was little changed as Chinese exports stumbled and France's industrial output stagnated, signaling the ...

London Olympics Medal Count: US Heading For Win Over China In Both Medals ...
London Olympics Medal Count: US Heading For Win Over China In Both Medals ...

China's divers 1-2 in men's 10M Olympic prelims
LONDON (AP) -- Qui Bo led the 10-meter platform diving preliminaries with a nearly flawless display on Friday night, qualifying first with 563.70 points. The 19-year-old current world platform champion took the lead for good after the second of six ...

Blackmail Cited as Motive in a Killing That Shook China
BEIJING — Gu Kailai, the wife of one of China's most ambitious leaders, plotted with allies, including the local police chief, to protect her son from what she saw as the blackmail demands of the British business associate she confessed in court to ...

China's slowing economy could complicate relationship with US
The Chinese economy on Friday showed worrisome signs of slowing down, a development that not only threatens global economic growth but also may complicate the relationship between China and the United States. China reported that its exports, a critical ...

Asia Stocks Gain This Week on US Data, China Policy Optimism
Asian stocks rose this week, with the benchmark index posting its biggest weekly gain since January, as economic data from the U.S. boosted confidence in the world's largest economy amid speculation China will do more to support growth. Toyota Motor ...


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