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China News 09/2012 (Page 10)



China says EU crisis dims outlook for bilateral trade
BEIJING (Reuters) - China is concerned the debt crisis in Europe, its largest trading partner, will hurt the outlook for bilateral trade for the rest of 2012, senior officials said on Monday while urging more structural reform in the euro zone. Beijing ...

Shanghai rebar dips, iron ore may ease on China steel demand view
SINGAPORE (Reuters) - Shanghai steel futures slipped on Monday after rising to near one-month highs in the previous session, as investors' focus shifted back to sluggish Chinese demand after gains fed by the Federal Reserve's move last week to bolster ...

China tensions force Japanese companies to retreat
By Kazunori Takada. SHANGHAI, Sept 17 (Reuters) - Some Japanese firms have temporarily shut factories and shops in China after angry protests over a territorial dispute, with Chinese state media warning on Monday that Japan could suffer another "lost ...

China Stocks Drop Most in Three Weeks as Copper Falls; Yen Gains
Chinese stocks slumped the most in three weeks and copper declined on concern the slowdown in the world's second-largest economy is deepening. The Australian dollar dropped, while the yen strengthened. The Shanghai Composite Index (SHCOMP) fell ...

China's Inequality Gini Out of the Bottle
New data from a Chinese think tank suggests that the government has succeeded in tamping down on inequality, flying in the face of academic evidence and sparking fresh controversy over the divide between China's haves and have-nots. The calculation by ...

US Defense Chief in Talks Over China-Japan Tensions
TOKYO — As anti-Japan protests continued since last week in China, officials in Tokyo told the visiting U.S. defense secretary they are attempting to prevent ties with Beijing over disputed islands from further fraying. Before flying to Beijing, U.S ...

Japanese Companies Close Facilities in China as Tensions Rise
SHANGHAI — Some major Japanese brands announced factory shutdowns in China on Monday and urged their Japanese workers in the country to stay indoors ahead of what could be more angry protests over a territorial dispute between the two biggest ...

Chinese Company to Acquire DNA Sequencing Firm
Complete Genomics, a struggling DNA sequencing company in Silicon Valley, said on Monday that it had agreed to be acquired for $117.6 million by BGI-Shenzhen, a Chinese company that operates the world's largest sequencing operation. The price of ...

The Missing Mr. Xi and the Price of Official Secrecy
The reappearance this weekend of Xi Jinping, China's leader in waiting, marks the end of his mysterious absence, which began on Sept. 1, but the episode raises more questions than can be settled by his walkabout at the China Agricultural University in ...

US Files Trade Case Against China Over Cars
The case comes at a critical time in the United States presidential campaign, as auto manufacturing states in the upper Midwest like Michigan, Wisconsin and particularly Ohio have turned into crucial battlegrounds. But the case may not make any ...

China Starts Police Chief's Trial Early
By JEREMY PAGE. CHENGDU, China—A lawyer for the former police chief of the city of Chongqing, whose flight to a U.S. consulate triggered China's worst political scandal in a generation, said his trial had begun a day early with a closed hearing ...

Emerging Stocks Swing Between Gains, Losses on China
Most emerging-market stocks rose as India's efforts to revive economic growth offset concern that the slowdown in China is deepening. The MSCI Emerging Markets Index (VXEEM) was little changed at 1013.65 by 11:42 a.m. in New York, with 372 stocks ...

Japanese Firms Hunker Down in China
By JURO OSAWA. HONG KONG—Reeling from anti-Japan protests that struck parts of China over the weekend, some of Japan's largest companies shut down their factories on Monday, advised their employees to stay home and closed their shops, in a move ...

China Tensions on the Rise
Political pressures in both the U.S. and China are straining ties between the two superpowers. President Barack Obama, under attack by Republican nominee Mitt Romney for being soft on China, said Monday he is asking the World Trade Organization to rule ...

US, China file dueling complaints as trade tensions heat up
U.S., China file dueling complaints as trade tensions heat up. Washington alleges that Beijing is illegally subsidizing exports of autos and auto parts. The Chinese challenge anti-dumping duties that the Americans levied. print. Comments. 0 ...

China Machinery Makers' Gamble
By DINNY MCMAHON. LINYI, China—When building contractor Dong Hanying bought a new concrete pump in 2010, he believed the local construction boom would never end. Building activity in Mr. Dong's corner of eastern Shandong province has since ...

China's Meijin Lobs $454 Million Bid For Western Desert
By Gillian Tan. China's Meijin Energy Group's offer to acquire diversified miner Western Desert Resources Ltd . signals that the world's most populous nation remains hungry for Australian resources. The conditional 434 million Australian dollar (US$454 ...

India morning call-Global markets
-------------(8:55 a.m India Time)----------------------- Stock Markets DJIA 13,553.10 -40.27 Nikkei 9,173.54 +14.15 NASDAQ 3,178.67 -5.28 FTSE 5,893.52 -22.03 S&P 500 1,461.19 -4.58 Hang Seng 20,665.99 +7.88 SPI 200 Fut 4,398.00 +0.00 CRB Index 314.46 ...

China Money Rate Jumps to Three-Week High on Cash Demand Outlook
China's money-market rate jumped to the highest level in three weeks after the central bank issued treasury deposits at higher yields, reflecting banks' expectations that cash demand will rise as the quarter-end nears. The overnight-repurchase rate ...

Australia downgrades iron ore revenue as China cools
Resource export volumes seen little changed, revenue hit by price. * 2012/13 iron ore revenue forecast down 20 pct vs June estimate. * Met coal volume seen up 13 pct in 12/13 vs 11/12, value down 13 pct. * Downgrades come as prices tumble on weakening ...

Protesters Converge on Japanese Consulate in Shanghai
A far bigger protest was under way Tuesday morning at the Japanese Consulate in Shanghai than had been seen over the weekend. Hundreds, if not a few thousand, people were near the consulate, approaching it from three different directions. As in recent ...

China August Home Prices Rise in Fewer Cities Easing Policy Woes
China's new home prices rose in fewer cities in August, reducing concerns that the government may issue new tightening measures. Prices climbed in 35 of the 70 cities the government tracks from a month earlier, according to data released by the ...

Not My (Only) Kid
BEIJING — Coming out as gay is tough almost the world over. In China, it can constitute a major tragedy. When one man in northeast China told his parents he was gay, his father pulled a knife on him, according to Fan Popo, director of “The Chinese ...

China Net Buyer of US Treasurys in July, Remains Top Holder
--Safe-haven flows boost Treasury buying. --Currency interventions in Japan and Switzerland coincide with expanding dollar portfolios. --Narrowing deficit in the first quarter may be temporary as oil prices rebound and exports weaken. (Recasts the top ...

How Americans see China
By Richard Wike and Bruce Stokes, Special to CNN. Editor's note: Richard Wike is associate director of the Pew Global Attitudes Project. Bruce Stokes is director of Global Economic Attitudes at the Pew Research Center. The full survey results are ...

China's Alibaba buys back half of Yahoo's stake
Do tax cuts lead to economic growth? Tax cuts have been the defining economic policy of the last decade, but they may not have helped boost the economy, the NYT's David Leonhardt writes. Read more at Counterparties · GM squabbles with Treasury ...

Chinese assail Japan over island dispute; Japan shuts down plants
BEIJING -- Thousands of Chinese demonstrated in streets and at embassies Tuesday in unprecedented protests assailing Japan over its claims to an island chain that the Communist government says belong to China, prompting Japan to shutter factories in ...

Former Police Chief in China Political Scandal Aided Prosecutors
CHENGDU, China — A former Chinese police chief helped to cover up the murder of a British businessman by the wife of a senior Communist Party official, but he also secretly collected evidence used to convict her, according to a lawyer for the police ...

International Goldfish Championship Goes Swimmingly For Contestants
Forget London, Paris and Milan. It was natural splendor versus inbred beauty in southeast China this past weekend, as things got wet and wild at the first-ever world goldfish beauty pageant. It may sound fishy, but it's true. Goldfish from 14 different ...

Politics by mob in China and Mideast
Furious protests denouncing another nation are happening in China as well as the Mideast; Chinese protesters are taking to the streets, enraged by Japan's purchase of disputed islands; Frida Ghitis: In Mideast and China, the powerful are manipulating ...


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