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China News 09/2012 (Page 2)



LDK Solar Has Credit Rating Downgraded on Losses, Export Outlook
LDK Solar Co.'s (LDK) credit rating was cut one level to A by Shanghai Brilliance Credit Rating & Investors Service Co., its second downgrade since June, on the solar-wafer maker's operating losses and souring export outlook. Shanghai Brilliance ...

China's biggest search engine Baidu enters mobile browser fight
Baidu launches mobile browser to compete with UCWeb, Google, Apple. * Baidu's mobile browser highlights shift to mobile, cloud computing. * Baidu's monetization of mobile is medium-term concern - analyst. BEIJING, Sept 3 (Reuters) - China's dominant ...

As Growth Flags, China Shies From Stimulus
HONG KONG — As evidence has mounted that the Chinese economy is slowing, Beijing has kept the world on tenterhooks, delivering none of the big, headline-grabbing economic stimulus measures many analysts have predicted. Two months have passed ...

At Either End of the Ceramics Route
BEIJING — When the National Museum of China and the British Museum decided to collaborate on an exhibition here that would celebrate two important 2012 events — the London Olympics and the Chinese museum's centennial — they chose to focus on ...

METALS-Copper up on stimulus hopes after gloomy China data
China factory sector contraction intensifies in August * Lead forward curve tightens after large LME stock draws * ECB, Fed rate meeting in next two weeks seen as pivotal By Maytaal Angel LONDON, Sept 3 (Reuters) - Copper hit a one-week high on Monday ...

Economists React: Manufacturing Gauges Sink in August
China's manufacturing sector showed fresh signs of trouble as both the official manufacturing Purchasing Managers' Index and the HSBC PMI showed sharp downturns in August. The weakness led to renewed calls for Beijing to use more robust stimulus ...

European Stocks Advance Amid China Stimulus Speculation
European Stock Futures Are Little Changed; Bankia Might Move. Bankia might be active after Spain said it will inject capital into the lender as an advance on money it is is due to receive once a reorganization plan is completed in October and approved ...

Military Official Suspended Over Flight Fight
Sina Weibo: A screenshot shows a photo of Fang Daguo, political commissar for the Yuexiu District Armed Forces Department in the city of Guangzhou, that circulated widely on Sina Corp.'s Weibo microblogging service after Mr. Fang was accused of ...

FOREX-Euro steady but market wary of post-ECB backlash
Mon Sep 3, 2012 7:49pm IST. * Expectations of ECB action this week support euro * China, euro zone manufacturing data lags forecasts * Aussie drops to six-week low versus U.S. dollar By Anirban Nag LONDON, Sept 3 (Reuters) - The euro held steady on ...

Clinton to urge ASEAN unity on South China Sea
BRISBANE, Australia — U.S. Secretary of State Hillary Rodham Clinton called Monday for Southeast Asian states to present a united front to the Chinese in dealing with territorial disputes in the South China Sea to "literally calm the waters." And she ...

Chinese Backlash Hits Short Seller
By LORETTA CHAO. BEIJING—A number of prominent technology leaders in China, including current and former executives from Google Inc. and Microsoft Corp., are mounting an offensive against short seller Citron Research as they protest a spate of what ...

Nikkei sluggish on downbeat global outlook
Hitachi Zosen, JFE Holdings up on wind turbine plan * Sharp bounces after giving up Pioneer shares for bank collateral * September's monetary meetings make investors wary By Sophie Knight TOKYO, Sept 4 (Reuters) - Japan's Nikkei share average ...

Asian stock markets hesitate as traders await moves by authorities in US ...
Asian stock markets hesitate as traders await moves by authorities in US ...

China's Repo Rate Drops Most in Six Months as PBOC Injects Cash
China's Repo Rate Drops Most in Six Months as PBOC Injects Cash. By Kyoungwha Kim - 2012-09-04T02:38:19Z. China's benchmark money-market rate fell the most in six months as the central bank pumped money into the financial system, helping ease a ...

Most Chinese Stocks Decline on Earnings Concern; Moutai Surges
Most Chinese stocks fell as Societe Generale SA predicted a weaker growth outlook and Goldman Sachs Group Inc. cut its estimates for Chinese earnings. China Construction Bank Corp. sank 0.8 percent as Credit Suisse Group AG warned of softening loan ...

Brent climbs above $116 on stimulus hopes
Weak China data spurs hopes for economic easing. * Investors await ECB meeting, want details on bond buying. * Simmering tensions between Iran, Israel in focus. By Ramya Venugopal. SINGAPORE, Sept 4 (Reuters) - Brent futures rose for a fourth day in ...

To research China, a Hollywood firm taps USC students
In a small office in Hollywood, three USC students scan social media sites to see what's trending. They're looking not at Facebook or Twitter, but at Chinese websites such as Sina Weibo, Youku, Renren and Qzone. The hot topics: soccer star Didier ...

India morning call-Global markets
----------------(8:30 a.m India Time)----------------------- Stock Markets DJIA 13,090.84 +90.13 Nikkei 8,776.24 -7.65 NASDAQ 0,000.00 +0.00 FTSE 5,758.41 +46.93 S&P 500 1,406.58 +7.10 Hang Seng 19,542.65 -21.42 SPI 200 Fut 4,345.00 +9.00 CRB Index ...

Clinton urges ASEAN unity on South China Sea
JAKARTA, Indonesia — Southeast Asian states must present a united front to the Chinese in dealing with territorial disputes in the South China Sea to "literally calm the waters," U.S. Secretary of State Hillary Rodham Clinton said Tuesday. And she ...

S. China Seas to Top Clinton Agenda in China
BEIJING — Contested territory in the South China Seas will be at the top of U.S. Secretary of State Hillary Clinton's agenda in her talks with Chinese leaders this week. Ahead of her arrival Tuesday evening, China's Foreign Ministry referred to the ...

Morgan Stanley Arm Bets Big on China Energy
By NISHA GOPALAN. HONG KONG—Morgan Stanley said its infrastructure arm has led a private equity consortium in investing a total of $300 million in hydropower operator Zhaoheng Hydropower, in what is the largest foreign investment in China's ...

The Bookworms of China
Last week at the Beijing International Book Fair, the largest gathering in the event's 19-year history, the mood in the cavernous exhibition center was buoyant, despite the barren decor and a lack of good coffee. The Chinese publishing industry is in ...

Lack of education is hurting Li, says Chinese official
(Reuters) - China's top tennis official has questioned Li Na's mental toughness following her early exit from the U.S. Open last week. Sun Jinfang, the secretary of the Chinese Tennis Association, highlighted Li's disappointing form and blamed a "lack ...

India, China to Resume Military Exercises
NEW DEHLI — India and China will resume military exercises after a gap of four years. The announcement was made during a visit to New Delhi by the Chinese defense minister - the first such visit to India in eight years. The decision to hold bilateral ...

Fragile, but Full of Protection
Published: September 4, 2012. SINGAPORE — Jade has long been prized for its beauty, particularly in China where it is believed to bring good luck and to protect its wearer. “Gold is valuable, jade invaluable,” goes an old Chinese saying. Enlarge This ...

The "Evolution" of Totalitarian Regimes Is Really a Throwback
During the Sunday, September 1 edition of CNN's Fareed Zakaria GPS, the host highlighted a new book, William Dobson's "The Dictator's Learning Curve," and explained the work's conclusions: Old school oppressors like Mao, Pol Pot or Idi Amin, could keep ...

Who do we owe most of that $16 trillion to? Hint: It isn't China
Ask most folks who holds the lion's share of America's $16 trillion debt and they'll tell you China. But they would be wrong. The correct answer is Americans. Fully two-thirds of the national debt is owed to United States investors and future retirees ...

A Chinese City Moves to Limit New Cars
GUANGZHOU, China — It is as startling as if Detroit or Los Angeles restricted car ownership. The municipal government of Guangzhou, a sprawling metropolis that is one of China's biggest auto manufacturing centers, introduced license plate auctions and ...

China Slowing Auto Sales Still Eclipse US-Japan-Germany: Cars
China Slowing Auto Sales Still Eclipse U.S.-Japan-Germany: Cars. By Bloomberg News - 2012-09-04T16:00:01Z. Three years ago, China passed the U.S. as the world's biggest car market. By 2015, it will likely exceed the U.S., Japan and Germany combined ...

US Investors Return to China Bonds
Last week, China's largest internet portal by value Tencent Holdings Ltd ., raised US$600 million from a bond. That senior note was more than 10 times subscribed, partly a testament to the company's strong cash position, earnings growth prospects, and ...


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