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China News 10/2012 (Page 16)



China Chemical-Plant Expansion Halted After Protests
By BRIAN SPEGELE. BEIJING—Weekend protests forced officials in the eastern Chinese city of Ningbo to suspend a planned $8.9 billion petrochemical facility expansion, in the latest example of the rising power of an increasingly environmentally ...

China's Slowing Revenue Gains Seen Limiting Spending
China's government spent more than planned in the first nine months of the year, and revenue gains moderated, leaving little room for public outlays to stoke the economy this quarter without an expansion of the budget. Fiscal revenue rose 10.9 percent ...

Sinopec Quarterly Profit Beats Estimates on Refining Earnings
China Petroleum & Chemical Corp. (600028), Asia's biggest refiner, posted better-than-expected third quarter profits after two increases in state-controlled retail fuel prices and improved petrochemical sales helped margins. The company, known as ...

The Dangerous Math of Chinese Island Disputes
By M. TAYLOR FRAVEL. China's standoff with Japan over the rocky Senkaku (Diaoyu) Islands has entered its second month. The current confrontation, however, is more dangerous than is commonly believed. China's past behavior in other territorial disputes ...

Protests Over Chemical Plant Force Chinese Officials to Back Down
BEIJING — Officials in the coastal city of Ningbo, China, promised on Sunday night to halt the expansion of a petrochemical plant after thousands of demonstrators clashed with the police during three days of protests that spotlighted the public's ...

Insight: China grassroots democracy challenge awaits new leaders
XIAOSHAN/WUKAN, China (Reuters) - Hua Youjuan is an unlikely Chinese official. Free-spirited but driven, she left her village at age 17, got a degree in marketing, and opened a string of businesses in nearby cities in eastern China before settling in ...

China Stock Futures Drop as China Life, Yanzhou Coal Post Losses
China's stocks swung between gains and losses as companies from Yanzhou Coal Mining Co. (600188) to China Petroleum & Chemical Corp. reported quarterly figures. Yanzhou Coal, China's fourth-largest miner of the fuel, lost 0.7 percent after posting a ...

10 questions for China's Huawei
HONG KONG (CNNMoney) -- The U.S. House Intelligence Committee released a stinging report in early October focused on the business practices of Huawei and ZTE, two Chinese telecom companies that would like to expand their operations in the U.S. ...

China Money Rate Reaches One-Month High on Month-end Cash Demand
China's overnight money-market rate rose to the highest level in a month on speculation a cash shortage will worsen as banks hoard funds to meet month-end capital requirements. The People's Bank of China gauged demand for sales of seven-, 14- and ...

Honda Cuts Profit Forecast as Chinese Shun Japanese Cars
Honda Cuts Annual Profit Forecast as Chinese Shun Japanese Cars. China sales at Honda tumbled 40 percent in September to a 16-month low and plunged 49 percent, the most in a decade, at Toyota Motor Corp. as the Japanese government's purchase of ...

Corruption Probes in China Said to Rise 13 Percent
HONG KONG — China has become increasingly vigilant about ferreting out official corruption, bribe-taking and dereliction of duty, according to a report published Monday in the state-run media. The authorities conducted 12.7 percent more investigations ...

ZTE Quietly Grabs Larger Chunk of Smartphone Market
By Juro Osawa. Samsung Electronics Co. and Apple Inc. have seen their share of the world-wide smartphone market expand over the past year at the expense of struggling handset makers like Nokia Corp. and HTC Corp. But there is another smartphone ...

Chinese actress Xun Zhou's amazing 'Cloud Atlas' transformations -- EXCLUSIVE
Xun Zhou may not be a known name in the United States, but in China she's seriously huge: a doe-eyed, high cheek-boned beauty with statuesque charm. That's what makes her three very different characters and looks in centuries-spanning sci-fi film Cloud ...

Titan supercomputer hits 20 petaflops of processing power
The U.S. Department of Energy's Oak Ridge National Laboratory on Monday completed the deployment of a 20-petaflop supercomputer called Titan, which the lab hopes will give the U.S. an edge over China and Japan in the race to build the world's fastest ...

China's New Leaders Inherit Country At A Crossroads
The former revolutionary stronghold of China's Mao Zedong has become a tourist spot exalting the communist cause. This "Red Army" is actually a team of top Chinese salespeople from Amway, the U.S.-based direct sales company. They have earned a ...

Mitt Romney ad suggests US auto jobs headed to China
By Callum Borchers, Globe Correspondent. A new Mitt Romney campaign ad seeks to undercut President Obama's claim to be a champion of the auto industry by suggesting a Detroit automaker that received government bailout money plans to ship American ...

Price, style of Toyota Yaris affected Toyota's marketshare in China
Price, style of Toyota Yaris affected Toyota's marketshare in China. The Japanese automaker launched the Yaris in China in 2008 with hopes of building marketshare and reaching 1 million sales per year. However, the car's high price and 'road presence' ...

Tiger Woods loses to Rory McIlroy in exhibition match
ZHENGZHOU, China — Rory McIlroy outdueled Tiger Woods in the first one-on-one exhibition match between golf's two biggest names. Woods thinks he'll have plenty of chances to get revenge. McIlroy shot a 5-under 67 to beat Woods by one stroke in an ...

Chinese Auto Makers Feel Effects of Japan Dispute
By ROSE YU. SHANGHAI—Customers shunning Japanese brand autos are having the opposite effect on two Chinese domestic auto makers: Dongfeng Motor Group Co. is reducing production at its joint ventures with Japanese auto makers while Chongqing ...

Capturing the world through photography, video and multimedia
Fenwick Island, Del. — Richard Thomas walks through floodwaters in front of his home after assisting neighbors as Hurricane Sandy bears down on the East Coast. PHOTOGRAPH BY: Alex Brandon / Associated Press ...

Chinese Firm to Provide A123 Funds
By PATRICK FITZGERALD · A123 Systems Inc., the electric-car battery maker that recently filed for bankruptcy, is seeking emergency approval to tap a $50 million loan provided by a Chinese auto parts maker to fund its Chapter 11 case pending an auction ...

GLOBE & MAIL: China Takes New Step in Canada's Oil Sands
By Nathan Vanderklippe Of THE GLOBE AND MAIL. CALGARY, Alberta--China is cementing its Canadian energy ambitions with a commitment to a new $3-billion pipeline that would carry oil sands crude south. (The U.S. and Canadian dollars are trading at ...

China October official PMI set to confirm recovery trend
Hurricane Sandy lashes East Coast. NEW YORK - Hurricane Sandy, one of the biggest storms ever to hit the United States, battered the densely populated East Coast on Monday, shutting down transportation, forcing evacuations in flood-prone areas and ...

India morning call-Global markets
--------------(8:35 a.m India Time)----------------------- Stock Markets DJIA 0,000.00 +0.00 Nikkei 8,966.00 +36.66 NASDAQ 0,000.00 +0.00 FTSE 5,795.10 -11.61 S&P 500 0,000.00 +0.00 Hang Seng 21,536.60 +28.74 SPI 200 Fut 4,485.00 +7.00 CRB Index 0.00 ...

China eyes rating rules for inter-bank bonds-sources
BEIJING Oct 30 (Reuters) - China is readying new regulations governing credit ratings of bonds traded in the inter-bank market in a bid to boost activity in the fledgling sector, two sources close to the regulator told Reuters. The new rules, to be ...

China's Stocks Rise for First Time in Four Days; Developers Gain
Chinese stocks rose, sending the benchmark index higher for the first time in four days, as an advance by property developers overshadowed declines by auto- related companies. Poly Real Estate Group Co. (600048) and Gemdale Corp. led gains for ...

Buffett-Backed BYD Falls After Forecasting Profit Drop
Buffett-Backed BYD Forecasts 2012 Net Will Fall as Much as 98%. The logo for Chinese carmaker BYD Co. is displayed on the front grille of of a vehicle during the grand opening of the company's North American headquarters in Los Angeles. Photographer: ...

Gulfstream Sees China Private-Jet Rebound as India Trails
China's private-jet market will rebound next year after a leadership transition in the ruling Communist Party while business aviation falls behind in India, the chief of General Dynamics Corp. (GD)'s Gulfstream unit said. China is building about 10 ...

RPT-UPDATE 1-China's Baidu eyes soft fourth quarter as economy bites
Baidu posts slowest revenue growth in more than 2 yrs. * Q4 revenue guidance misses analysts' forecasts. * Adds record number of new advertisers in Q3. * Aims to improve earnings from mobile advertising. By Melanie Lee. Oct 29 (Reuters) - Baidu Inc, ...

A Closer Look at the American 'Pivot'
HONG KONG — The United States still has tens of thousands of troops based in Europe, a full withdrawal from Afghanistan is two years away, Iran's nuclear program appears to be a crisis-in-waiting and the Middle East remains highly combustible. But as ...


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