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China News 12/2012 (Page 6)



Hong Kong Stocks Fall From 16-Month High, Led by Property
Hong Kong stocks fell, retreating from a 16-month high, after a report signaled China's new leaders may accept slower economic growth in favor of a more sustainable model. Sino Land Co., a Hong Kong builder controlled by billionaire Robert Ng, fell 1 ...

China Gas to Buy Fortune Oil Gas Unit for $400 Million
China Gas Holdings Ltd. (384), the supplier of natural gas to 172 Chinese cities, will buy Fortune Oil Plc's Chinese natural gas operations for $400 million, expanding its service territory across China. Fortune Oil will receive $200 million in cash ...

METALS-Copper down slightly on US fiscal cliff uncertainty
Mon Dec 17, 2012 12:30pm EST. * Economic data improves but no fundamental progress yet-analyst * Nearby tightness in aluminium intensifies * Cash premium over January aluminium as wide as $70 By Silvia Antonioli and Stephen Eisenhammer ...

Rare Earth Stocks Surge on Corun Purchase Plan: Shanghai Mover
China's rare-earth stocks surged in Shanghai trading after Hunan Corun New Energy Co.'s plan to acquire Yiyang Hongyuan Rare Earth Co. (8922) fueled expectations of industry consolidation and improved profits. Inner Mongolia Baotou Steel Rare-Earth ...

GM to Boost Cadillac Showrooms in China by 25% to Challenge Audi
General Motors Co. (GM), the largest foreign automaker in China, will increase the number of Cadillac dealerships in the country by about 25 percent as it competes against German luxury automakers led by Volkswagen AG (VOW)'s Audi. The Detroit-based ...

China Fires 6 Officials for Mishandling School Attack
Chinese authorities have fired six officials for their "improper handling" of last week's knife attack at an elementary school in a central province that left 23 students injured. The official Xinhua news agency said Tuesday two school principals, two ...

China cracks down on 'Doomsday cult'
Read a version of this story in Arabic. (CNN) -- Members of a fringe Christian group in China have been rounded up for spreading rumors of an impending apocalypse, pegged to the Mayan calendar. Known as the "Almighty God" cult, the group latched on to ...

China Sees Signs of Property Revival - WSJ.com
SHANGHAI—After a long campaign to tamp it down, the Chinese property market may be set to give the world's No. 2 economy a lift next year. A government survey released Tuesday showed that average housing prices in China rose at a faster pace in ...

Guangdong party secretary replaced
HONG KONG—Wang Yang, the charismatic party secretary of Guangdong, China's most industrialized province and export powerhouse, is to be replaced by Hu Chunhua, the fast-rising party chief of Inner Mongolia. The changes in China's provincial ...

China Builder With $48 Billion Credit Seeks U.S. Projects
China Communications Construction Co. (1800) said it has access to at least 300 billion yuan ($48 billion) of credit lines from local banks as it seeks to invest in infrastructure projects in the U.S. and other developed nations. The company is looking ...

Chinese Fishermen Catch Porsche Cayenne (VIDEO)
Fishermen are known for telling stories about "the one they got away," but for a group of fishermen in China, what they caught was bigger and stranger than any "fish tale" they could inven. The bizarre -- and inedible -- catch occurred in the South ...

METALS-Copper consolidates after fiscal cliff progress
Tue Dec 18, 2012 12:19pm EST. * Battle in aluminium sparks stock deliveries * Tin rises to highest in 8-1/2 months * Any rallies curtailed by lack of risk appetite - analyst By Eric Onstad and Stephen Eisenhammer LONDON, Dec 18 (Reuters) - Copper ...

Law Firms Are Accused of Aiding Chinese Immigrants' False Asylum Claims
They invented woeful tales of persecution for their Chinese clients. Prepped them on how to lie about having had a forced abortion. Even tutored them on religion. Connect with NYTMetro · Metro Twitter Logo. Follow us on Twitter and like us on Facebook ...

Chinese Port Operators Acquire Stake in Taiwan Terminal
Chinese port operators agreed to buy a $135 million stake in a Taiwanese container terminal, the second-biggest mainland acquisition on the island, as closer cross-strait ties spur trade volumes. China Merchants Holdings International Ltd. (144), Cosco ...

The Top 10 Chinese Internet Memes of 2012
If 2011 was the year social media arrived as a force in Chinese culture and politics, then 2012 was the year social media supercharged one of contemporary China's finest forms of cultural and political expression: the Internet meme. To be sure, the ...

SEC Moves Against Day-Trading Broker
SHANGHAI — The Securities and Exchange Commission has revoked the license of a Canadian brokerage firm over failing to prevent overseas day traders that used its system from manipulating stocks in the United states. The firm, the Biremis Corporation, ...

The Daily Startup: China's Secoo Funded Amid Strong Demand for Luxury Brands
Chinese luxury goods retailer Secoo is raising a Series C round of funding, which an investor said would amount to more than $30 million, to help establish another flagship shop in the nation's capital city. Tapping into China's strong appetite for ...

Yum, McDonald's Vow Food Safety After China Poultry Report
Yum! Brands Inc. (YUM) and McDonald's Corp. (MCD) said they are working with Chinese suppliers to ensure the safety of food they serve after China Central Television reported the companies may have sold chicken that had been indiscriminately fed ...

Rebalancing the Workplace
Macroeconomists have spent much of the past year talking about China's need to rebalance its economy, a key component of which will involve improving household incomes. Meanwhile, 2012 also was notable for increasing labor unrest throughout the ...

China Says Geology Boosts Island Claims
In an attempt to bolster its claims to disputed islands in the East China Sea, China has presented the United Nations what it says is geological evidence proving the islands belong to Beijing. Lianzeng Chen, the deputy head of China's State Oceanic ...

METALS-Copper near one-month low as US fiscal talks sour
Thu Dec 20, 2012 12:25pm EST. * Tension rises over stalled U.S. "fiscal cliff" talks * Data suggest U.S. jobs growth limited * U.S. Q3 GDP growth revised up to 3.1 percent By Susan Thomas and Silvia Antonioli LONDON, Dec 20 (Reuters) - Copper hit its ...

UPDATE 3-China makes largest cancellation of US soy in 14 years
Thu Dec 20, 2012 12:39pm EST. * USDA says China cancels 540,000 tonnes of US soybeans. * Second such cancellation this week. * CBOT soybean futures tumble. * Traders say China shifting demand to South America. * Brazil on track for bumper crop ...

'Doomsday' prompts jokes, arks and mass arrests in China
By Ed Flanagan, NBC News. BEIJING — Much like in the rest of the world, the coming "doomsday" supposedly preordained by the Mayans to strike earth Friday at the end of a 5,125-year calendar has been something of a running joke in China. The subject ...

Li Keqiang Calls for Income Growth, Freer Investment
China's rapid GDP growth must translate into higher income for ordinary people, Vice Premier Li Keqiang said, as the incoming leadership signals a shift in priorities for the world's second-largest economy. Li, No. 2 in the Politburo standing committee ...

Hong Kong's Sean Penn
'Tis the season for the celebrity mouth-off, and Hong Kong-born martial-arts star Jackie Chan is getting in on the act. Last week, he admonished his fellow citizens for protesting too much. "Hong Kong has become a city of protest," local media have ...

Miracle in the Middle Kingdom
Christmas is one time the West permits itself to consider miracles. From Christ's birth to Santa's arrival, the holiday brims with allusions to the benevolent supernatural. Yet for many Chinese Christians, miracles are not just a seasonal remembrance ...

China the frontrunner to buy Exxon out of Iraq oil
By Charlie Zhu and Peg Mackey. BEIJING/LONDON | Thu Dec 20, 2012 12:14pm EST. BEIJING/LONDON (Reuters) - China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move ...

UPDATE 2-Japan launches WTO dispute vs China over stainless steel
Thu Dec 20, 2012 12:19pm EST. * Japan files case after election, WTO Canada ruling. * Wants to overturn duties on stainless steel seamless tubes. By Tom Miles. GENEVA, Dec 20 (Reuters) - Japan launched its second-ever trade complaint against China at ...

Why the Mayan apocalypse date is such a big deal in China
Chinese man Lu Zhenghai spent his life savings building this 70-foot-by-50-foot vessel powered by three diesel engines, an “ark” in preparation for the Mayan-predicted apocalypse. (AP Photo/ANPF-Chen Jiansheng). According to some contemporary ...

Air pollution now kills more people than high cholesterol
The Lancet recently unveiled a big new study on global health risks — and one of the most eye-catching papers looked at just how deadly air pollution has become over the past two decades. A Chinese motorist wears a mask as she makes her way along a ...


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