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China News 09/2012 (Page 8)



Japan's New China Ambassador Falls Ill
Reuters: Japan's new ambassador to China Shinichi Nishimiya. Shinichi Nishimiya, a 60-year-old career diplomat, collapsed near his home in Shibuya Ward Thursday morning and was carried to the hospital, unconscious, in an ambulance. A witness told the ...

Aviva exits China funds sector amid rising competition, falling assets
SHANGHAI (Reuters) - British insurer Aviva Plc has exited China's struggling $380 billion mutual fund industry, a source said, becoming the second foreign investor this year to abandon the once must-go destination for global asset managers. Aviva ended ...

Australia Plans to Get Closer to Asia
By RACHEL PANNETT And ENDA CURRAN. SYDNEY—Australia's Treasurer Wayne Swan is expected Friday to offer highlights of a 12-year plan by which the resource-rich country will be able to benefit more from Asia's fast-growing economies. His speech ...

HKEx, CME to Launch Yuan Futures
By FIONA LAW. HONG KONG—The world's two biggest exchanges by market value are planning to launch offshore yuan futures in Hong Kong, the first of their kind, amid rising interest in the Chinese currency and increasing swings in the foreign-exchange ...

A Laptop Infected With A Virus Before You've Even Turned It On
WASHINGTON (AP) — A customer in Shenzhen, China, took a brand new laptop out of its box and booted it up for the first time. But as the screen lit up, the computer began taking on a life of its own. The machine, triggered by a virus hidden in its hard ...

Dole Deal Would Let Itochu Put Chinese Investment to Use
By YOREE KOH. TOKYO—Itochu Corp.'s interest in buying Dole Food Co.'s packaged-foods and Asian produce business represents the next step in a strategy to target China's growing middle class, shrugging aside concerns about the country's economic ...

South Sudan plans China-backed $2.5 bln university project
Oil shutdown will delay programme. * Plan had been due to finish in 2017. * Chinese companies to build new campuses. By Alexander Dziadosz and Hereward Holland. JUBA, Sept 13 (Reuters) - South Sudan plans to build five new university campuses with ...

Apple's iPhone Faces Challenges in China
By PAUL MOZUR. BEIJING—Apple Inc.'s new iPhone is aimed in part at the growing ranks of straying Chinese power users like James Liang. Mr. Liang, chief executive of Chinese online travel website Ctrip.com, once used an iPhone. Now he uses a ...

Dangdang Jumps as Fed Stimulus Plan Buoys ADRs: China Overnight
Chinese stocks traded in New York rose the most in a month, with Internet companies leading gains, after the Federal Reserve said it will buy mortgage securities to bolster growth in the world's biggest economy. The Bloomberg China-US Equity Index ...

METALS-Copper hits four-month peak after new Fed stimulus plan
Chasing copper rally a risk based on economy-analyst * Chinese spot copper 180-250 yuan lower than prompt futures * Tin slides after more signs of supply resuming from Indonesia * Coming up: U.S. August industrial output data Friday By Chris Kelly and ...

Alibaba: Google forced Acer to drop our new mobile OS
Google is allegedly playing hardball with its Android partners. The company forced Acer to drop its support of Alibaba's new mobile operating system, Aliyun, threatening to pull its Android-related cooperation and support if Acer didn't, according to a ...

Ex-US Ambassador Helps Companies Break Into China
Frank Lavin is a guy with lots of guanxi—which loosely translated means “connections” in Chinese. The Ohio native has served as U.S. ambassador to Singapore, led trade negotiations with China while working at the U.S. Department of Commerce, and held ...

Fiat's New China Model
By COLUM MURPHY. SHANGHAI—Italian auto manufacturer Fiat SpA on Thursday launched its latest made-in-China model, a compact car that shares common parts with the European-built Alfa Romeo and U.S.-made Dodge Dart models. Fiat hopes the ...

North Korea's Freedom Trail
By SUE MI TERRY. More than 150 years ago, in antebellum America, the Underground Railroad, a network of secret routes and safe houses, allowed slaves to escape to freedom. Today a similar network has been created by humanitarian groups and ...

What row? In China, business as usual in Japanese shops
NANJING, China (Reuters) - Tensions between China and Japan are at their worst in years over rival claims on a group of islands, angry crowds have overturned Japanese cars in one Chinese city and a man ripped the flag off the Japanese ambassador's car ...

Beijing Yanjing Brewery Ends Talks to Buy Kingway Brewery Assets - Source
Yanjing Brewery drops out of talks to buy the brewery operations of Kingway Brewery. -- Kingway will auction the assets again after the talks failed. (Adds background on China's beer sector in the 3rd-4th paragraphs and on Kingway in the 5th, 12-14th ...

Uralkali CEO Defends Potash Pricing on China, India Contracts
Uralkali CEO Defends Potash Pricing on China, India Contracts. By Halia Pavliva - 2012-09-14T12:43:30Z. OAO Uralkali, the world's largest potash producer by output, will seek to maintain prices as it prepares to sign contracts with India and China and ...

China calls Romney's accusations 'as false as they are foolish'
BEIJING -- Mitt Romney's tough talk on China is getting more pushback from authorities in Beijing. On Thursday, the Republican presidential candidate released a new ad on manufacturing jobs contending that “for the first time, China is beating us” and ...

Faber sees comeback for hedge funds, China
By Chris Oliver, MarketWatch. HONG KONG (MarketWatch) — Noted economist Marc Faber said Friday stock-picking strategies could come back into the spotlight as a way to beat the market in what he sees as the coming era of volatility. Faber also turned ...

Wang Lijun, China Ex-Police Head, To Be Tried For Defection, Bribery
BEIJING -- A trial next week for a flamboyant former police chief marks the latest step by China's leadership to contain the fallout from a messy political scandal that disgraced a senior politician and complicated an unexpectedly bumpy handover of ...

Secondary Sources: China and Hayek, Income Inequality, Moody's Threat
By Phil Izzo. A roundup of economic news from around the Web. –China and Hayek: The Economists looks at the economic debate in China. “Rather than Keynesian economics, a different economic science seems to be governing China's response to this ...

TEXT-S&P rates MGM Resorts International proposed notes
Gaming operator MGM Resorts plans to issue $700 million of new senior notes, the proceeds of which it intends to use to repay outstanding debt. -- We are assigning the proposed notes our 'B-' issue-level rating and our '4' recovery rating. -- The ...

Home Depot Says It Misread Chinese Appetite for Do-It-Yourself Products
By LAURIE BURKITT. BEIJING—Home Depot Inc., in deciding to close all seven of its remaining big-box stores in China after years of losses, joins a growing list of retailers who have stumbled in China by failing to grasp the local culture and importing ...

A Report Exposes How the Chinese Government is Fueling Elephant Slaughter
There's been a lot of hard-edged coverage of the bloody burst of African elephanticide of late, including the new series coming from Jeffrey Gettleman of The Times and “Agony and Ivory,” Alex Shoumatoff's devastating Vanity Fair portrait of the ivory ...

COMMODITIES-Fed action sweeps metals, oil to multi-month highs
Weak dollar, Fed's indefinite stimulus pledge fuels rally * Copper, oil hit 4-month highs; gold 6-month peak * Some say physical demand needed to sustain rally By Barani Krishnan and Eric Onstad NEW YORK/LONDON, Sept 14 (Reuters) - Copper, gold and ...

Romney's Trade Pessimism
The latest polls show that voters give Mitt Romney and President Obama equal marks on the economy and job creation—which can only be called astonishing given Mr. Obama's abysmal record. Maybe one reason is because Mr. Romney keeps running on ...

China politics boost book industry, but not in mainland China
Advanced Search. X. include all of these words: include any of these words: include this exact phrase: exclude: Select a date range. this week, past 30 days, past 3 months, past year. Create a custom date range. From: To: FOREIGN EXCHANGE ...

Chinese on watch for officials' luxury watches
Chinese on watch for officials' luxury watches. China's netizens have grown in force in recent years, collaborating via Twitter-like microblogs. And they have found easy pickings among their luxury-flaunting local leaders. By William Wan. The ...

A Leader in China Reappears in Public
Mr. Xi, 59, was shown in photographs, posted on the Web site of the official Xinhua news agency, as he walked through the campus of China Agriculture University in Beijing for National Science Popularization Day. One of the photographs was accompanied ...

Anti-Japan protests erupt in China over islands row
BEIJING (Reuters) - Thousands of protesters besieged the Japanese embassy in Beijing on Saturday, hurling rocks and bottles at the building as police struggled to keep control, amid growing tensions between Asia's two biggest economies over a group of ...


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