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China News 10/2012 (Page 17)



Mining Coal and Melting Ice
David Breashears couldn't be reached a number of days ago when we'd hoped to speak over the phone. He was in Kathmandu, dealing with something of a mountaineering crisis. This wasn't unusual for Mr. Breashears, who has been scaling mountains ...

Report: Steel Trader Fraud Hurting Chinese Banks
With the slowdown in China's economic growth claiming headline casualties from sellers of luxury goods to shipping companies, a new report says the debt problems of a less visible victim – the Chinese steel trader – could impact China's banks ...

Family of brain-damaged worker takes Foxconn to court in China
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 ...

Romney China-Made Jeep Comments Fuel Campaign Flashpoint
Mitt Romney's focus on Chrysler Group LLC's desire to build some Jeeps in China has spawned a TV ad battle in Ohio, where the Republican presidential candidate and President Barack Obama are trying to attract car-minded voters with a week to go until ...

In Speech Organized by Beijing, Ex-Diplomat Calls Islands Dispute With Japan a ...
In Speech Organized by Beijing, Ex-Diplomat Calls Islands Dispute With Japan a ...

Don't expect easy answers with China's leadership change
By Guy de Jonquières, Special to CNN. Editor's note: Guy de Jonquières is a senior fellow at the European Centre for International Political Economy. The views expressed are his own. In mid-November, the world will get its first glimpse of China's new ...

China Cosco Builds On Dry-Bulk Losses
By COLUM MURPHY. SHANGHAI—Shipping giant China Cosco Holdings Co. posted a third-quarter loss that brings it still closer to a second consecutive year of red ink, likely giving it greater impetus to win aid from the Chinese government. Net losses ...

Chinese Airlines Post Profit Decline
By JOANNE CHIU. HONG KONG—Two of China's major state-owned airlines posted declines in third-quarter profit Tuesday as softening growth in air travel demand amid the global economic downturn and foreign-exchange losses weighed on their ...

METALS-Copper rebounds from 2-month low helped by weak dollar
Trading volumes low as hurricane hits the U.S. * Aluminium stocks rise as output grows quicker than demand * Euro rises vs dollar on good demand at Italian debt auction By Silvia Antonioli and Harpreet Bhal LONDON, Oct 30 (Reuters) - Copper rose on ...

ICBC Net Rebound Exceeds Estimates on Loans, Provisions
Industrial & Commercial Bank of China Ltd. led the nation's biggest lenders in posting profit that beat analyst estimates, defending their lending margins even as economic expansion slowed to a three-year low. The combined profit at China's four ...

A surprisingly deep Chinese joke about Hurricane Sandy
The invaluable Tea Leaf Nation rounds up some of the apparently widespread discussion about Hurricane Sandy on Chinese social media. Some of the comments offer concern for American well-being, some find lessons for China (more infrastructure, less ...

China's Stock Futures Advance as ICBC Reports Higher Earnings
Chinese stocks declined, dragging the benchmark index to a one-month low, as lower-than-estimated profit at PetroChina Co. overshadowed higher earnings at Industrial Bank Co. PetroChina, the country's biggest oil company, sank 0.7 percent. Beiqi Foton ...

Thai Baht, Bonds Advance This Month on Signs of China Recovery
Thailand's baht and government bonds headed for monthly gains as signs of a pickup in China's economy helped improve demand for regional assets. Global funds bought $1.9 billion more local sovereign debt than they sold this month, according to data ...

China's big banks set for slowest annual profit growth since IPO
HONG KONG (Reuters) - China's top four banks are on course for their weakest annual profit growth since going public, as the central bank's interest rate cuts in the middle of the year kick in, slicing lending margins. After posting profit gains of ...

Hong Kong Stocks Halt Three-Day Slide on ICBC Earnings
Hong Kong stocks rose, with the city's benchmark index headed for its advance rise in four days, as Industrial & Commercial Bank of China Ltd. paced gains among lenders on better-than-expected profit. ICBC, the world's largest bank by market value ...

China Everbright-Macquarie Fund Invests in Chinese Waste, Water Companies
By Chao Deng. China Everbright Ltd. has dipped into a private-equity fund it set up with Macquarie Group Ltd. to buy stakes in two private Chinese companies, the first investments from a fund that is on track to raise US$1.5 billion. The fund, called ...

China Luxury Sales to Get Boost After Leadership Change
China Luxury Sales to Get Boost After Leadership Change. Women walk past a Louis Vuitton store, operated by LVMH Moet Hennessy Louis Vuitton SA, in the Tsim Sha Tsui area of Hong Kong, China. Photographer: Lam Yik Fei/Bloomberg ...

Asian Currencies Set for Fifth Monthly Gain on Recovery Optimism
Asian currencies headed for a fifth monthly gain, led by South Korea's won, as signs of a pickup in China's economy brightened the outlook for the region's exports. Industrial output, retail sales and fixed-asset investment rose faster in September in ...

TransCanada Considers More Issuance After China Deal
TransCanada Corp. (TRP), which announced a C$3 billion ($3 billion) oil-sands pipeline with a Chinese partner this week, said it may issue fresh debt to finance future projects and tap low-interest rates. The Calgary-based company behind the planned ...

A trucker's ruin, a Chinese tragedy
The last three years have been hard for truck driver Henry Kwok. Laid off in 2009 at the age of 42, the father of two borrowed about $13,000 to buy his own rig. His wife traveled with him, the two pulling long days together and sleeping in the truck to ...

Copper Climbs Most in Six Weeks on Suggestion of Asian Revival
Copper futures rose the most in two weeks after signs of revival in Asian economies bolstered prospects for demand. Taiwan's economy resumed growth last quarter, South Korean production climbed for the first time in four months, and Singapore's jobless ...

Chinese think tank urges end to one-child policy
Close. Chinese think tank urges end to one-child policy. Share. Comments. china. A Chinese woman plays with her grandchild at the Ritan Park in Beijing. (Photo: Andy Wong, AP). Story Highlights. Chinese government limits most urban couples to one child ...

Can China Be Described as 'Fascist'?
That's what Hu Deping, son of the late Hu Yaobang, the party general secretary forced to resign in 1987 for being too reform-minded, said to a group of mostly Chinese businesspeople and environmentalists in late 2005, in the Great Hall of the People on ...

Functional Chinese knock-off of Apple's Lightning cable disassembled
Functional Chinese knock-off of Apple's Lightning cable disassembled. By Neil Hughes. One of the first unauthorized Lightning connector cables from China has been tested and torn apart for a closer look at the cheaply made — but still functional ...

Passage to Asia Opens in London
LONDON — Tsherin Sherpa's works are swirling juxtapositions of colors, history, themes, religion and politics. The painting “Untitled, 2012,” made from gold leaf, acrylic and ink on linen, is aptly unnamed, as there are so many images in the painting ...

Ancient Art Tells China's Modern Tale
Mr. Qiu, who was born in Shanghai in 1948, studied traditional Chinese arts, including seal carving, scroll mounting and ink painting, along with Western oil painting. As a teenager in the 1960s, he worked as an artist for the Red Guard, creating ...

'National Rejuvenation'? Or Chinese Fascism?
BEIJING — In the Chongwenmen area of China's capital, a major shopping district near Beijing Railway Station that heaves with consumers every evening, a giant electronic screen stretches across the top of a road exhorting shoppers to work toward the ...

China's former leaders step into the spotlight
BEIJING — After Jiang Zemin, the 86-year-old former president of China, made his rare appearance at a concert in Beijing on Sept. 22, other retired top officials have started to join him one by one, like a coming-out party for China's aged former ...

The 'developing interior' case that China will keep growing
China's economic growth is slowing, endangering both the global economic recovery and China's own future. There are few stories out there with a bigger potential impact, so China-watchers are understandably ardent in arguing either for or against China ...

Sinopec Group Said to Explore Bid for Maurel & Prom
China Petrochemical Corp., the nation's biggest refiner, is considering an acquisition of French oil explorer Etablissements Maurel (MAU) & Prom, three people with knowledge of the matter said. China Petrochemical, also known as Sinopec Group, has held ...


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