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China News 10/2012 (Page 12)



China-Korea Tensions Rise After Failed Venture
BEIJING — Lured by cheap iron ore and low wages, the Xiyang Group, one of China's biggest mining conglomerates, took a significant risk, building a mine in economically backward North Korea that was designed to feed China's steel mills and provide ...

Etch A Sketch: made in China thanks to Mitt Romney and Bain
Etch A Sketch: made in China thanks to Mitt Romney and Bain. Mitt Romney didn't create globalization, writes Froma Harrop, but having made a pile off it, you'd think he'd at least spare some change for its American victims. By Froma Harrop. Syndicated ...

World News of the Day From Across the Globe /
1 Disputed waters: A U.S. aircraft carrier group cruised through the disputed South China Sea on Saturday in a show of American power in waters that are becoming a focal point of Washington's strategic rivalry with Beijing. Vietnamese officials were ...

Maggots in the Pasta: Europe Screens Tainted Chinese Food
HONG KONG — Cypriot inspectors found arsenic in the frozen calamari. The Italians discovered maggots in the pasta. There were glass chips in the pumpkin seeds bound for Denmark, and Spanish regulators blocked a shipment of frozen duck meat because ...

Ostaszewski: Foreign exchange
I can't think of a better news story than one about stupid rich people; unless the news story is about stupid rich people from China. And the other day we had just such a story about the parents from China who gave $2 million to a college consultant ...

Europe and China don't need a trade war: EU trade chief
BRUSSELS – The European Union will not back down from protecting its industries against Chinese competition it sees as unfair, but mutual self-interest will prevent a damaging trade war, the EU's trade chief Karel De Gucht said. Disputes with Beijing ...

China's new leaders face tough economic choices
BEIJING — China's economic model that delivered three decades of double-digit growth is running out of steam and the country's next leaders face tough choices to keep incomes rising. But they don't seem to have ambitious solutions. Even if they do ...

China's CNPC begins oil production in Afghanistan
AMU DARYA, Afghanistan (Reuters) - A Chinese firm has started extracting oil from the Amu Darya basin in northern Afghanistan, mining officials said, a key moment in the country's quest to pay its own way. Afghanistan signed a 25-year contract with ...

Study: Canadians wary of Chinese oil deal
Study: Canadians wary of Chinese oil deal. A survey of Canadian adults found that most reacted negatively to foreign control of their natural resources, according to OilPrice.com. Canadians are "not particularly supportive" of a proposed deal with the ...

Reverse brain drain: China engineers incentives for “brain gain”
Advertisements. Reverse brain drain: China engineers incentives for “brain gain”. Chinese who found it hard to fit in at the water cooler abroad feel newly valued at home as China creates a reverse brain drain of financial incentives for native talent ...

Fiat Says China May Build All Jeep Models as SUV Demand Climbs
Fiat SpA (F), majority owner of Chrysler Group LLC, plans to return Jeep output to China and may eventually make all of its models in that country, according to the head of both automakers' operations in the region. Fiat is in “very detailed ...

Debate prep: Six essential reads on foreign policy
Sundays are a great day for reading long-form journalism. As President Obama and Mitt Romney prep for Monday night's foreign policy debate, what better way to spend today's couch time than by reading up on the same issues? But rather than cramming ...

A lesson in restraint: What China tells us about Iran
How is an American president to handle an ideological, seemingly irrational adversary that may be on the cusp of acquiring nuclear weapons even as it continues to stir up trouble in a region pivotal to U.S. interests? One could be forgiven for assuming ...

Japan Trade Suffers Amid China Dispute
By TAKASHI NAKAMICHI. TOKYO—New trade data from Japan show that the territorial dispute with China over a small group of islands is hitting the economy and threatening to worsen a global economic softening. Since the spat over the sovereignty of East ...

India morning call - Global Markets
-----------------(8:30 a.m India Time)----------------------- Stock Markets DJIA 13,343.51 -205.43 Nikkei 8,929.54 -73.14 NASDAQ 3,005.62 -67.24 FTSE 5,896.15 -20.90 S&P 500 1,433.19 -24.15 Hang Seng 21,554.41 +0.59 SPI 200 Fut 4,522.00 -45.00 CRB ...

Internet anti-censorship tools are being overwhelmed by demand
U.S.-funded programs to beat back online censorship are increasingly finding a ready audience in repressive countries, with more than 1 million people a day using online tools to get past extensive blocking programs and government surveillance. But the ...

China leftists urge parliament not to expel Bo Xilai
China's former Chongqing Municipality Communist Party Secretary Bo Xilai (L) and former Deputy Mayor of Chongqing Wang Lijun (R) attend a session of the Chinese People's Political Consultative Conference (CPPCC) of the Chongqing Municipal ...

China inks 10-year potash supply deal with tiny American miner
NEW YORK (Reuters) - A state-owned Chinese fertilizer company has signed a 10-year potash supply agreement with Prospect Global Resources Inc (PGRX.O), guaranteeing China a steady flow of the crucial fertilizer and helping it partially sidestep ...

Sundance Confirms Funding for Hanlong Deal
By RHIANNON HOYLE And GILLIAN TAN. SYDNEY—Sundance Resources Ltd. Monday confirmed Sichuan Hanlong Group has secured a loan of up to $1.02 billion from China Development Bank for its takeover of the Australia-listed iron ore explorer, ...

Obama Could Be Buoyed by Victory Over China at WTO
HONG KONG — China is expected to be a centerpiece of the third and final U.S. presidential debate on Monday night, and my colleague David Sanger, in a curtain-raiser, calls China “perhaps the most important long-term subject of the debate.” Mitt ...

Hong Kong IPO Pipeline - Oct 22
HONG KONG, Oct 22 (Reuters) - The following are some of the major companies planning initial public offerings and new listings on the Hong Kong stock exchange. Please contact Elzio Barreto at [email protected] or (+852) 2843-1608 to ...

Prospect Global Signs $2 Billion Potash Accord With China
Prospect Global Resources Inc. (PGRX) signed a $2 billion supply deal with China's Sichuan Chemical Industry Holding Group in one of the largest U.S. potash export contracts that may help it secure project financing. The Denver-based potash exploration ...

PBOC Weakens Yuan Daily Fixing After Europe Meeting Disappoints
The People's Bank of China lowered the yuan's daily fixing for a second day following a European Union summit that didn't address the question of further aid for debt-stricken Spain. The PBOC set the reference rate 0.03 percent weaker at 6.3071 per ...

An Alternative Look at China's Labor Markets
Unemployment is arguably the most important, but least well measured, factor in China's economy. Low unemployment and rising wages signal economic health, making it less likely that the government will rush to pump up growth. The reverse – mass layoffs ...

Yinggehai Coal Power Plant Brings Chinese Villagers Clashes With Police Over ...
Yinggehai Coal Power Plant Brings Chinese Villagers Clashes With Police Over ...

Patek Philippe Stays Confident in China
By LAURIE BURKITT. SHANGHAI—Executives of Swiss watch company Patek Philippe SA are betting that China's demand for luxury watches—battered by an economic slowdown and scrutiny on official gift-giving—will stand the test of time. The closely held ...

Five facts you need to know about China's currency manipulation
Odds are that Mitt Romney's promise to brand China a “currency manipulator” will figure heavily in tonight's foreign policy debate. There's good reason for that. Branding China a “currency manipulator” is popular! That's why almost every presidential ...

METALS-Copper slides to 1-month low after weak Japan export data
Copper hits lowest level since September 7 * Tin tumbles nearly 4 percent * Japan exports down 10.3 pct year on year * Aluminium output remains high, more surpluses loom By Susan Thomas and Eric Onstad LONDON, Oct 22 (Reuters) - Copper hit the ...

Three Warning Signs America is Losing the Global Clean Energy Race
Most clean energy advocates today will likely tell you that America's clean energy economy is doing quite well, despite the negative media coverage. Andrew Winston best captured this sentiment in BusinessWeek calling naysayers “dead wrong” and citing ...

China's Factories Losing Pricing Power in Earnings Threat
Chinese factories are losing pricing power in the worst wholesale-cost deflation since 2009, signaling corporate earnings may deteriorate further and putting a damper on global inflation pressures. Steelmaker China Oriental Group Co. (581) says falling ...


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