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China News 01/2013 (Page 3)



China Throws Gillard Lifeline as Iron Ore Revives Surplus Goal
The determination of China's new Communist leadership to guard against slower economic growth could throw a political lifeline to Australia's first female prime minister as she bids for re-election. China's growth is forecast to accelerate this year ...

Face-Off Continues Over Censorship of Newspaper in China
GUANGZHOU, China — Protests over censorship at one of China's most liberal newspapers descended into ideological confrontation on Tuesday, pitting advocates of free speech against supporters of Communist Party control who wielded red flags and ...

Apple Chief Returns to Flush But Vexing Market
Chinese Ministry of Industry and Information Technology: A photo shows Apple CEO Tim Cook meeting with MIIT chief Miao Wei in this screenshot taken of the MIIT website on January 8, 2013. More In Apple. Apple Chief Returns to Flush But Vexing Market ...

Media Journal: Pay TV Finally Thinks out of the Box
Here's your morning roundup of the biggest media industry news and happenings. George Stahl is filling in for William Launder today, so send tips, suggestions and complaints to [email protected] Click here to receive this newsletter each ...

Guangdong chief offers deal in Chinese paper censorship row-source
By John Ruwitch and James Pomfret. GUANGZHOU, China | Tue Jan 8, 2013 12:15pm EST. GUANGZHOU, China (Reuters) - The Communist Party chief of Guangdong province stepped in to mediate a standoff over censorship at a Chinese newspaper on ...

Kerry and Hagel Will Improve US Relations With China
President Barack Obama's appointment of John Kerry as secretary of state and Chuck Hagel as secretary of defense will likely bring a major improvement in U.S.-China relations during the administration's second term. Both Kerry and Hagel support greater ...

China Loan Share Seen at Record Low as Data Show Risks
China's bank loans as a share of funding in the economy may have fallen to a record low, highlighting the growth of alternative financing channels that have prompted warnings of rising credit risks. New yuan loans probably dropped 14 percent last month ...

Barrick Gold Ends Chinese Talks to Sell African Unit
Barrick Gold Corp. (ABX), the biggest producer of the precious metal, ended talks over the sale of its 1.44 billion-pound ($2.32 billion) African unit to China National Gold Group Corp. without reaching an agreement. Barrick still sees “a lot of value ...

China Plans To Ramp Up Solar-Power Capacity
BEIJING—China plans to more than double its installed capacity for solar electricity this year, a move that could breathe new life into Chinese solar manufacturers suffering heavy losses. In a speech at China's annual national energy work conference ...

Washington helped China snare US manufacturing jobs, study says
The United States lost 3.5 million manufacturing jobs from the end of the 2000 to the end of 2007 and China was almost entirely to blame, a new research paper says. The conclusion is probably not a big surprise, particularly to workers who saw their ...

China Fund Vying for Stake in Australia Dairy
SYDNEY—China's sovereign-wealth fund is one of three large funds vying to take a stake in Australian dairy company Van Diemen's Land Co., two people familiar with the matter said. Executives from China Investment Corp. are due to visit Tasmania state ...

Uralkali Agrees on Potash Discount in China, Industry Group Says
Belarusian Potash Co., the trading arm of Belaruskali and Russia's OAO Uralkali, will cut prices for Sinofert Holding Ltd. (297) by $70 a metric ton after agreeing on contracts with the Chinese importer, an industry group said. BPC, as the trader is ...

A Chinese Web censor snaps, goes on public rant
Spare a moment for the Chinese censor, stuck between a Communist Party that demands strict control and a few million Web users who increasingly expect the ability to speak their minds online. As controversy over a censored newspaper grows into one of ...

Poetic Voice That Spoke for Pluralism
BEIJING — The last time I saw Leung Ping-kwan, a poet who celebrated and defined Hong Kong, was in December at his home in the city's Causeway Bay district. He had just been released from the hospital and sat, trademark flat cap on his head, ...

HSBC Sale of $9.4 Billion Ping An Stake in Jeopardy
SHANGHAI – The British bank HSBC's plan to sell its stake in the Ping An Group is in jeopardy after the China Development Bank decided not to finance a large part of the $9.4 billion deal. The state-run Chinese bank was expected to help the Charoen ...

Zoomlion's Built Potential Weakness
An anonymous two-page screed sent to newspapers isn't much to base investment decisions on. But the mood on Chinese accounting means such allegations can have a big impact, as investors in Zoomlion Heavy Industry Science and Technology ...

China's Liberals Test Xi Jinping
The mini-crisis sparked by protest against ham-fisted censorship at a Chinese newspaper seems to have been temporarily defused. Striking journalists at Southern Weekly and the propaganda authorities in Guangdong province reached a tentative ...

Cold in China kills about 180000 cattle, threatens power
Close. Cold in China kills about 180,000 cattle, threatens power. By Calum MacLeod, USA TODAY11:56a.m. EST January 9, 2013. CommentsShare. CHINA COLD 001. Fishermen try to dig out a fishing boat trapped in ice in the Jiaozhou harbor in Qingdao, ...

UPDATE 2-China's plans to ramp up capacity in 2013 adds to solar shine
Wed Jan 9, 2013 11:48am EST. (Adds analyst comments). BEIJING Jan 9 (Reuters) - China, the world's top energy consumer, will more than double its installed solar power capacity this year from 2012, the government said on Wednesday, driving up shares ...

U.S. Stock-Index Futures Advance on China Exports Report
Play. Chart: U.S. Workers in for Payroll Tax Pain. The Standard & Poor's 500 Index advanced to an almost five-year high as better-than-estimated Chinese exports tempered a decline in technology shares. Ford Motor Co. (F) climbed 2.5 percent after ...

Apple's Greatest Gift From The Holidays Is Its Bargain Stock Price
Ever since the iPhone 5 went on sale at the end of September, Apple's shares have been under selling pressure. In the last three months, the stock has tumbled by close to 20% despite being a quarter that has traditionally been Apple's best due to the ...

Chinese struggle to stay wired amid cold snap
Low temperatures indoor make it difficult to charge iPads and iPhones in south China. china cold weather. Fishermen try to dig out a fishing boat trapped in ice in the Jiaozhou harbor in Qingdao, in east China's Shandong province on Jan. 5. (Photo: AP) ...

Google chief urges North Koreans to get connected
BEIJING — Could Google drag North Korea kicking and screaming into the 21st century? Eric Schmidt, executive chairman of the world's most popular search engine, on Thursday urged the world's most Internet-shy nation to open up or risk falling further ...

METALS-Copper up on weak dollar, strong Chinese export data
Thu Jan 10, 2013 11:57am EST. * China exports grew 14.1 percent in December * China copper imports fell 6.6 percent in December * Euro rises to one-week high vs dollar By Susan Thomas and Harpreet Bhal LONDON, Jan 10 (Reuters) - Copper rose on ...

UPDATE 3-China regulator seeks information on HSBC-Ping An deal
Thu Jan 10, 2013 12:14pm EST. * HSBC says sale of $9.4 bln Ping An stake on track. * China regulator CIRC didn't specify what information it is seeking. * HSBC agreed to sell Ping An stake in two tranches to Thai CP Group. * Reuters reported that China ...

EDF and Chinese Firm Enter Talks to Build UK Nuclear Plants
Electricité de France SA is in talks with state-owned China Guangdong Nuclear Power Holding Co. on forming a partnership to build nuclear-power plants in the U.K., people familiar with the matter said. The deal could replace EDF's partnership with ...

GLOBAL MARKETS-World shares touch eight-month high; euro rises
Thu Jan 10, 2013 12:21pm EST. * Surge in Chinese exports spurs optimism on global growth. * Euro firm after ECB holds rates, strong Spanish debt sale. * German debt yields rise as Draghi hints no imminent rate cuts. * Oil gains on China demand, Saudi ...

The anti-Americanism of Jackie Chan
Jackie Chan, shown here at a comedy show in San Diego, disparaged the United States on a Chinese TV show. (Kevin Winter/Getty Images). Americans know Jackie Chan best for his cheery, acrobatic performances in action movies such as “Rumble in the ...

US Stocks Rise as China Optimism Tempers Tech Slump
The Standard & Poor's 500 Index advanced to an almost five-year high as better-than-estimated Chinese exports tempered a decline in technology shares. Ford Motor Co. (F) climbed 2.2 percent after boosting its dividend. Supervalu Inc. (SVU) rose 9.4 ...

China 2012 Auto Sales Miss Forecast as Restrictions Damp Demand
Auto sales in China, including those of cars and buses, may accelerate this year and surpass 20 million units for the first time, spurred by a rebound in economic growth and urbanization. Wholesale deliveries may gain 7 percent this year to 20.65 ...


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