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China News 12/2012 (Page 2)



Buffett on the State of Wall Street
Warren E. Buffett, the Berkshire Hathaway chief, criticized the trading culture of Wall Street, which he says offers incentives to generate fees and fast profits. Over lunch with Andrew Ross Sorkin, he said he was skeptical of the modern-day hedge fund ...

The SEC -- At Last -- Takes the Lid Off China Stock Scams
Few episodes illustrate more clearly the pig's ear the United States has been making of globalization than the scandal of “red collar crime.” The phrase has been coined by my Forbes colleague Joshua Brown to describe a pattern of stock scams emanating ...

TEXT-Fitch: insipid and fragile global growth outlook
Tue Dec 4, 2012 10:43am EST. Dec 4 - Link to Fitch Ratings' Report: Global Economic OutlookDec 4 - Fitch Ratings says that the contraction of the eurozone and Japanese economy as well as weaker than expected growth in large emerging countries such ...

Red Carpet Roll-Up: China's New Do's and Don'ts for Top Leaders
China's new leadership has signaled what could be a significant break from the past in its operating style, calling for an end to the red-carpet treatment lavished on officials in a bid to improve the public image of a party that has been badly ...

Beijing's Currency Choice
Ignore the hype: The yuan won't soon rival the dollar. But monetary reform could still be a real boon for China. Article; Comments. more in Opinion | Find New $LINKTEXTFIND$ ». smaller; Larger ...

Chinese-American Awards Bring On the Fashion
Fei Fei Sun, Angelica Cheung and Jason Wu at Monday's annual Legacy Awards gala, Dustin Wayne Harris/PatrickMcMullan.com Fei Fei Sun, Angelica Cheung and Jason Wu at Monday's annual Legacy Awards gala, given by the Museum of Chinese in ...

From Bubble to Muddling Through?
Last week's column examined the confusing picture for China's growth. New data is out, and the outlook is still confusing. Two measures of manufacturing activity, the official Purchasing Managers Index and the HSBC Purchasing Managers Index, both rose ...

HSBC's Big Asset Sale in China
HSBC Holdings is selling a major asset in China for $9.4 billion. The European bank, which has been streamlining its business, said on Wednesday that it would sell its entire 15.6 percent stake in Ping An Insurance, the big insurer based in Shenzhen ...

British man facing weapons charges here sentenced for crimes in UK
A London-based judge Wednesday sentenced Gary Hyde for his illegal role orchestrating a major arms transaction between China and Nigeria. Hyde, a weapons dealer, illegally sidestepped United Kingdom regulations for the weapons transfer, which ...

Nike Sues in Chinese Trademark Dispute
BEIJING—Nike Inc. is fighting Chinese trademark authorities to win rights to use the Chinese-language name of Olympic hurdler Liu Xiang in its marketing, the latest in a spate of trademark disputes emerging as Western companies try to build their ...

Exclusive: How a Chinese prisoner release reveals business as usual at 'black ...
Exclusive: How a Chinese prisoner release reveals business as usual at 'black ...

Bold Break: What Is Xi Up To?
We're not on earthquake alert yet, but the political ground in China is continuing to shake following the arrival of the Communist Party's new crop of leaders. The first rumble came over the weekend, when new Politburo Standing Committee member and ...

China demands timetable to $100 billion climate aid for developing world
By Alister Doyle and Barbara Lewis. DOHA | Wed Dec 5, 2012 11:31am EST. DOHA (Reuters) - China led developing nations on Wednesday in demanding rich countries give details of a promised surge in aid to $100 billion a year by 2020 to help the poor ...

Is Hamas Using Chinese Rockets? Not Exactly, Say Experts
Hamas fired Chinese medium range rockets at cities in Southern Israel during the last round of hostilities this November. "Given the areas that were targeted it is highly likely that Chinese-designed WS-1E rockets were used by Hamas," said Ben Goodlad, ...

Too-Fast Food: Behind the Scene of YUM! Brand China Slum
This article is co-authored by Yifeng Mao, the Head of Equity Research at Goldpebble Research, a China based research firm specializing in data procession and analysis. Opinions expressed are our own. Disclaimer: We currently do not have a position in ...

MARKET COMMENT: Europe Stocks Up on China Optimism
LONDON--European stock markets moved higher on Wednesday as China's new leaders implied they would continue their supportive policy stance, although concerns over stalled U.S. budget negotiations capped gains. The Stoxx Europe 600 index rose ...

Palace of first Chinese emperor unearthed
Chinese archaeologists have unearthed the palace of China's first feudal emperor, best known for the terracotta warrior army guarding his tomb. The Chinese state media reports that archaeologists have excavated the palace complex of Qin Shihuang in Xi ...

China's Economic Dead End
For corporate China, the music has stopped playing. Profits of China's industrial companies in aggregate could fall this year for the first time in more than a decade, threatening job losses that will make the necessary transition to consumer-driven ...

China's Nationalist Wave
The risk of a serious naval confrontation in East Asia is rising. China recently announced guidelines, effective January 1, for its maritime "police" to board and seize foreign vessels in waters around the Paracel Islands, which are also claimed by ...

Thomson Reuters and GTS Announce Tax Awards in China
Thu Dec 6, 2012 10:42am EST. Awards highlight professional achievement and business success in China. CHINA, December 6, 2012 - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today ...

Fear and Loathing in China's Banking System
A bank raises money from its customers to make an off-the-books investment packaged by a private investment company as a loan to a pawn shop, which in turn makes loans to companies that banks aren't willing to lend to because they're not comfortable ...

Why the US shouldn't abandon Taiwan
Editor's note: Dr. Denny Roy is a senior research fellow in Asian security issues with the East-West Center in Honolulu. The views expressed are his own. China is the next superpower, the United States is in decline, and America needs to get on China's ...

'Nail Grave' Remains In The Middle Of Chinese Construction Site (PHOTOS)
A dispute between a property developer and the relatives of a person whose grave sits in the middle of their construction site has resulted in a very strange sight. Villagers were paid to move the remains of their loved ones from the cemetary to make ...

METALS-Copper dips on dollar, US budget talks anxiety
Thu Dec 6, 2012 12:30pm EST. * Traders eye U.S. jobs report, China industrial output this week * U.S. "fiscal cliff" negotiations worry * European Central Bank keeps rates on hold By Susan Thomas LONDON, Dec 6 (Reuters) - Copper fell on Thursday along ...

TEXT - S&P raises MGM Resorts International rating
Thu Dec 6, 2012 12:32pm EST. Overview -- Las Vegas-based gaming operator MGM Resorts launched a tender offer to repay its existing senior secured notes and credit facilities with proceeds from a new $4 billion senior secured credit facility and $1 ...

China State-Driven Rebound at Risk as Small Firms Suffer
China's growth rebound, forecast to have gathered pace in November, is bypassing smaller businesses in a sign the government may need to step up policy support to secure a more broad-based recovery. Industrial production growth probably accelerated ...

China Money Rate Set for Biggest Weekly Decline in Five Weeks
China's money-market rate dropped this week as the central bank added capital to the financial market for the first time in five weeks. The People's Bank of China injected a net 11 billion yuan ($1.8 billion), compared with a withdrawal of 40 billion ...

US-China Audit Clash Could Have Broad Reach
SINGAPORE — Some major multinational companies are concerned that they could be drawn into a potential accounting crisis amid a continuing dispute between U.S. and Chinese financial regulators over access to corporate audit documents. The standoff ...

Scalpers Lay Seige to iPad Mini Launch in Beijing
Wayne Ma/The Wall Street Journal: A handful of customers look at newly displayed iPad Minis inside Apple's flagship store in Beijing's Sanlitun shopping district on December 7, 2012, the first day the device was officially made available to Chinese ...

WHO: 80% of China Deaths from Non-Communicable Diseases
World Health Organization officials are urging China to reduce the country's high rates of non-communicable diseases, warning that medical costs and productivity losses stemming from those diseases will amount to significant economic losses for the ...


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