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China News 12/2012 (Page 8)



Must-Reads from Around the World
Russia's Adoption Ban — As Russian lawmakers try to enact a prohibition on adoptions by Americans, critics are pointing out that the ban would overwhelm the country's foster care and orphanage system, reports the New York Times. Although supporters of ...

Foxconn, Samsung face labor issues at Chinese factories
Assembly line workers are logging 12-hour days to churn out the latest handsets for Samsung Electronics at a factory in Huizhou, China. 24-year-old Wang Hong Wei knows what it's like: He and about four to six others would collectively assemble 2700 ...

TEXT - S&P raises China Taiping Insurance (UK) Co. Ltd
Mon Dec 24, 2012 10:28am EST. Overview -- China Taiping Insurance (UK) Co. Ltd.'s (CTIC) capital adequacy has improved and it has significantly reduced risk in its investment portfolio. -- We are therefore upgrading our public information insurer ...

What wealthy Chinese want for Christmas: a bike
A man walks with his bicycle in front of a screen showing propaganda displays near the Great Hall of the People at Beijing's Tiananmen Square in this November 7, 2012 file photo. Rich Chinese are buying bicycles that cost more than the average citizen ...

Warhol's Mao Portraits Banned from a Show in China
Even though Mao's face can be found in work by many Chinese artists, government officials in China have nonetheless vetoed the inclusion of Andy Warhol's famous rendition of the Great Leader in a retrospective of his work traveling there, Bloomberg ...

Web Stocks Sink on State Rules as E-House Jumps: China Overnight
Chinese equities fell in New York, after posting the longest stretch of weekly gains since October, as concern the government will take stricter measures to control the nation's online access sent Internet stocks lower. The Bloomberg China-US Equity ...

What Kept China's Search Engines Busy in 2012
GOING UP: An employee changed prices at a Sinopec gasoline station in Hubei Province in China Daily/Reuters GOING UP: An employee changed prices at a Sinopec gasoline station in Hubei Province in February. HONG KONG — With an estimated 600 ...

China Foreign Exchange Manager Calls US Global 'Bright Spot'
The U.S. may be a “bright spot” for the global economy in 2013, with Europe and Japan “not optimistic,” said the official who oversees day-to-day management of China's $3.3 trillion foreign exchange reserves. Credit expansion and the development of the ...

China's Stocks Jump to Five-Month High, Erasing Losses This Year
China's benchmark index rallied to the highest level in five months, erasing this year's losses on speculation an improving economic outlook will boost earnings. The Shanghai Composite Index (SHCOMP) rose 2.5 percent to 2,213.61 at the close, and is up ...

Why are Chinese versions of Santa Claus almost always playing a saxophone?
A life-size Santa Claus doll plays saxophone in Beijing. (FREDERIC J. BROWN/AFP/Getty Images). Christmas in China is one of my favorite topics for talking about the role of foreign culture in the world's most populous nation. China, as it has done with ...

China Soybean Exports Seen Rising 4.2% in 2012-13 by Oil World
China's soybean imports are forecast to climb 4.2 percent in the year through September, with U.S. exports to the country little changed from the previous year, researcher Oil World said. China may purchase 61.7 million metric tons of the oilseed in ...

VW Races With GM for 2013 China Crown as Toyota Struggles
Volkswagen AG (VOW) will vie with General Motors Co. (GM) for the sales crown among foreign automakers in China next year, gaining share as Japanese carmakers led by Toyota Motor Corp. (7203) struggle to recover amid a territorial dispute. VW, whose ...

Chinese man drives car into students, injuring 13
BEIJING -- A man angered by a court ruling in the murder of his daughter rammed a car loaded with a gas tank and firecrackers into a group of middle schoolers, injuring 13 in the country's latest attack on students. The man ran down 23 students at ...

World's Longest High-Speed Rail Line Opens in China
HONG KONG — China began service Wednesday morning on the world's longest high-speed rail line, covering a distance in eight hours that is about equal to that from New York to Key West, Florida, or from London across Europe to Belgrade. Bullet trains ...

Xinhua Fawns Over New Leaders, Forgets to Be Pithy
Associated Press: A1988 photo provided by China's Xinhua News Agency showing new Communist Party leader Xi Jinping, then secretary of the Ningde prefecture committee, participating in farm work. Communist Party chief Xi Jinping pledged to curb official ...

China Tries Again To Control Internet
The law is cast, ironically, as a measure to protect the privacy of users. Xinhua cites Li Fei, deputy director of the Commission for Legislative Affairs of the NPC Standing Committee, as telling legislators that the user identification to ...

China Sees Lower Outflows Than Thought
BEIJING—China has revised its third-quarter capital-account data to show a narrower deficit than originally reported, reducing concerns over potential capital outflows from the world's second largest economy. The capital and financial account—a ...

China Beige Book Signals Limits on Rebound on Loan Demand
China's economic rebound is uneven, with improvements in retailing, real estate and mining countered by rising inventories and lower corporate borrowing, according to a report modeled on the U.S. Federal Reserve's Beige Book. While shopping outlets and ...

The Next Financial Boom in China
With the U.S. and European banks facing challenges to their profitability in the years ahead, they will intensify their search for high-growth markets. China is an obvious target. Foreign banks have a mixed record there so far, with investments in ...

The Blue Flower
Just before the Christmas holiday, a blue flower improbably blossomed from the cold earth of the Tibetan plateau in the depths of winter. It happened in Kyegu, an area in eastern Tibet that was rocked by a devastating earthquake in April 2010. Whatever ...

Deputize Me, Please!
The city of Shaoyang in Hunan Province, China has it right! Recognizing that they had a quality of life problem with people spitting, illegally parking and littering, and with a shortage of workers who previously kept order, they capitalized on the ...

Mark Mobius' Thoughts On China And SE Asia In 2013
Mark Mobius of Templeton Asset Management is one of the most well-known global investors. He's been in the business for over 40 years now. He knows the markets. He travels to the countries he covers, talking with the owners of the companies he invests ...

GLOBAL MARKETS-World stocks, euro climb as US budget talks eyed
Thu Dec 27, 2012 10:30am EST. * U.S. stocks open nearly flat; euro up 2nd day * European shares edge higher after return from holidays * Yen hits 2-year low as monetary easing eyed By Marc Jones and Caroline Valetkevitch LONDON/NEW YORK, Dec 27 ...

No More Wang Yang
Last week, Wang Yang, the reformist Party Secretary of Guangdong Province, sent a farewell letter thanking the netizens of Guangdong for their support and understanding, as it was announced that he will be replaced by rising CCP star and previous ...

Shark Tank Breaks In China, Floods Shanghai Mall (VIDEO)
Generally when you hear "shark tank breaks" your first concern would be for any humans in the area, but in this case it's the sharks that didn't survive. Flying shards of glass up to 25 centimeters thick injured seven workers and eight shoppers when a ...

Comex Copper Gains as US, China Data Lift Demand Outlook
NEW YORK--Copper futures pushed higher on Thursday, propped up by upbeat Chinese and U.S. economic data that pointed to a steady demand outlook for the industrial metal. The most actively traded copper contract, for March delivery, recently traded up ...

Shanghai Tightens Food Rules
SHANGHAI—Authorities in Shanghai plan a crackdown on companies that violate food-safety regulations, following scrutiny of drugs given to locally served chickens. Enlarge Image. image. Close. image. Reuters. KFC has previously said it is committed to ...

Fubon to Buy Most of First Sino Bank
TAIPEI—Fubon Financial Holding Co., one of Taiwan's biggest banks, said it plans to buy an 80% stake in First Sino Bank for $1.05 billion, in the first acquisition of a China-based bank by a Taiwanese lender. Chinese law doesn't allow a Taiwan bank to ...

Chinese Labor Camp Worker Sends Plea For Help Hidden In Cheap Halloween ...
Chinese Labor Camp Worker Sends Plea For Help Hidden In Cheap Halloween ...

China tightening controls on Internet
China's new communist leaders are increasing already tight controls on Internet use and electronic publishing following a spate of embarrassing online reports about official abuses. The measures suggest China's new leader, Xi Jinping, and others who ...


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