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China News 10/2012 (Page 2)



China services PMI falls to lowest in nearly two years
BEIJING (Reuters) - China's normally robust services sector weakened sharply in September to its lowest point since November 2010, as slow growth in manufacturing finally began to feed through to the rest of the economy, an official survey showed on ...

UPDATE 1-ADB cuts Asia growth estimates, still sees China soft landing
Cuts 2012 developing Asia GDP f'cast to 6.1 pct vs 6.9 pct. * Sees China growing 7.7 pct in 2012 vs pvs 8.5 pct estimate. * Sees India's 2012 growth at 5.6 pct vs pvs 7.0 pct f'cast. By Rosemarie Francisco. MANILA, Oct 3 (Reuters) - The Asian ...

SolarWorld confident as US nears decision on Chinese solar panels
WASHINGTON (Reuters) - U.S. solar panel producers, who have already won preliminary duties on billions of dollars of solar panel imports from China, appear well positioned to win longer-term relief in coming weeks as the U.S. government makes its final ...

GLOBAL MARKETS-Dollar firms on gloomy outlook, uncertainty over Spain aid
MSCI Asia ex-Japan down 0.2 pct, Nikkei off 0.3 pct. * RBA rate cut, huge trade deficit keep Aussie pressured. * China official services PMI slows. * China, South Korea on holidays. By Chikako Mogi. TOKYO, Oct 3 (Reuters) - The dollar firmed and most ...

China's Slowdown Reverberates as ADB Cuts Forecasts
China's services industry expanded the least in more than a year, underscoring a slowdown that spurred the Asian Development Bank to lower its 2012 regional growth estimate and caused a slide in Australian coal exports. The purchasing managers' index ...

Secrecy and Power in China
Feng Li/Getty ImagesA policeman patrolling Tiananmen Square in September. After much speculation, the 18th National Congress of the Communist Party of China has been set to begin Nov. 8 in Beijing. BEIJING — Secrecy suffuses Chinese politics, and ...

Analysis: China's currency foray augurs geopolitical strains
BAHRAIN (Reuters) - "It's our currency and your problem," U.S. Treasury Secretary John Connally famously said of the dollar in 1971. More than 40 years later, China is doing something about it. Fed up with what it sees as Washington's malign neglect of ...

EU Reviews Glencore Bid
By ALEX MACDONALD. LONDON—The European Commission said Wednesday that it will decide by Nov. 8 whether to approve on competition grounds the proposed merger between commodities giant Glencore International PLC and mining company ...

Jeremy Lin expected to sign license deal with Harvard
Game On! Reid ChernerShare. Comments. 10 03 2012 jeremy lin at harvard. NBA star Jeremy Lin is expected to make a license deal with his alma mater, Harvard. Here he is playing for the school in 2009. (Photo: Michael Dwyer, AP) ...

METALS-Copper falls as weak Europe, China data raises demand fears
LME copper curve flattens as nearby demand slips CMCU0-3 * China on holiday this week; ShFE closed * Zinc stock overhang seen capping gains (Adds quote, U.S. data; updates prices) By Eric Onstad LONDON, Oct 3 (Reuters) - Copper slipped on ...

Global slowdown 'becoming a genuine possibility,' as Europe, China decelerate ...
Global slowdown 'becoming a genuine possibility,' as Europe, China decelerate ...

US Solar Panel Manufacturers Remain Optimistic As Court Nears Decision On ...
US Solar Panel Manufacturers Remain Optimistic As Court Nears Decision On ...

Mao's Famine Revisited
By JASPER BECKER. Anyone who has ever dreamed of a better world without money, where everything is free, should read these two books. They describe what happened when Mao Zedong took Karl Marx's utopian recipe and implemented it in the ...

Canada Stocks Little Changed as China Offsets US Economic Data
Canadian stocks were little changed as a slump in Chinese non-manufacturing industrial growth offset better-than-estimated reports on U.S. employment and services industries. Africa Oil Corp. (AOI) rose 1 percent after Marathon Oil Corp. (MRO) agreed ...

EMERGING MARKETS-Weak China, Europe hit LatAm commodity stocks
Weakness in China and Europe chills commodity sector * Investors lack conviction on direction of markets * Brazil's Bovespa falls 1 pct, Mexico's IPC slips 0.47 pct By Danielle Assalve and Gabriel Stargardter SAO PAULO/MEXICO CITY Oct 3 (Reuters ...

A Tug of War Over Solar Tariffs
The United States trade case against Chinese manufacturers of solar panels took a step toward completion Wednesday with a final hearing before the International Trade Commission on whether cheap Chinese imports have injured or threatened to injure the ...

Cathay Fortune Lobs $848 Million Offer for Discovery Metals
Under the proposal, a joint venture of Cathay Fortune Corp., or CFC, and the China-Africa Development Fund would acquire 75% and 25% of the mining company, respectively, for A$1.70 a share in cash. The offer, put to the company on Sept. 21, represents ...

China Jails 4 Tibetans Linked to Self-Immolation Protests
BEIJING — Four Tibetans, including two teenage Buddhist monks, have been given lengthy prison terms for supporting the resistance movement to Chinese rule that has involved the self-immolation of more than 50 people since 2009, according to Radio ...

Overlander Leads Sucden to Metals-Trading Dominance: Commodities
Michael Overlander's first job was sorting copper from brass in a scrapyard north of London. Four decades later, he runs the biggest floor-trading team on the world's largest metals bourse. Sucden Financial Ltd., where Overlander is chief executive ...

Thomas Friedman: China needs its own dream
On Nov. 8, China is set to hold the 18th National Congress of the Communist Party. We already know who will be the next party leader: Vice President Xi Jinping. What we don't know is what matters: Does Xi have a "Chinese Dream" that is different from ...

Iron Ore Heads For Bear Market: Commodities
Page 1 of 1. (Corrects name of company in last paragraph for a story published on Oct. 3.) Oct. 3 (Bloomberg) -- Iron ore, the commodity most leveraged to China's growth and Australia's biggest export earner, is heading for the longest bear market in ...

Seoul shares edge down, worries about China growth weigh
Investors cautious after China services PMI. * SK Innovation, S-Oil shares slump on weaker oil prices. * SK Hynix rises on media reports of smartphone demand. SEOUL, Oct 4 (Reuters) - Seoul shares edged lower on Thursday morning as investors found it ...

Island plans by Tokyo's nationalist governor may stoke fresh China tensions
Tokyo Governor Shintaro Ishihara organises his documents after delivering a policy speech about the territorial dispute over the uninhabited group of islands in the East China Sea -- known as the Senkaku in Japan and Diaoyu in China, under flags of ...

Kissinger Assails 'Deplorable' Comments on China by Both US Candidates
HONG KONG — The first debate between President Barack Obama and his Republican challenger, Mitt Romney, was focused on domestic issues, though Mr. Romney managed to get in a shot at Beijing when, in his opening statement, he said he would ...

Azarenka, Sharapova advance at China Open
Azarenka, Sharapova advance at China Open. Share. Comments. 2012-10-4 sharapova reaches QFs in china. Maria Sharapova of Russia cruises past Polona Hercog of Slovenia at the China Open on Thursday. (Photo: Feng Li, Getty Images) ...

METALS-Copper rises on stronger euro; Spain, US data in focus
Thu Oct 4, 2012 8:34am EDT. * Spain in focus as bailout expectations rise * Pan Pacific offers $85/T 2013 copper premium to China * ECB rates unchanged, news conference at 1230 GMT By Harpreet Bhal LONDON, Oct 4 (Reuters) - Copper edged higher on ...

Taiwanese Pro-Independence Politician Visits China
CHINA, TAIWAN — Frank Hsieh, the former chairman of Taiwan's pro-independence party, is touring China for a visit that he says is aimed at building mutual trust. Hsieh, the most-senior official from the Democratic Progressive Party (DPP) to tour China ...

Hong Kong Luxury Sales Fall as Chinese Shoppers Spend Less
Shoppers from China's mainland curbed spending at Hong Kong luxury stores during the Golden Week holiday, reflecting growing pressure on the city's economy from faltering tourist demand. Purchase of luxury goods by mainland visitors in Hong Kong is ...

Bodies found after landslide buries 18 schoolchildren in China
NEW: State media: 10 bodies are found; hopes are fading for nine people still missing; Rescuers arrived to find the side of a mountain had collapsed, police official says; The landslide hit an elementary school and two houses, state media report; The ...

Holiday horror stories abound as all of China goes on vacation
IMG_20121004_160901[1] BEIJING -- There's no Mandarin word for “staycation,” but after this week's holiday horror stories -– daylong traffic jams, heaps of trash and restaurateurs gouging customers -- the concept may take off here soon. China is ...


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