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China News 01/2013 (Page 8)



Lion Fund Says Buy China Stocks That Tap Urbanization
Lion Fund Management Co., the $7.5 billion money manager that led Chinese investors into gold exchange-traded products, said the best returns in 2013 will come from stocks that tap the migration of farmers to the city. Demand for building materials ...

China Development Bank Reassigns Executive
BEIJING—China Development Bank Corp. has replaced the head of its Hong Kong branch, according to people familiar with the matter, weeks after the state-run lender began to reconsider its role in a $9.39 billion deal involving the purchase of a stake ...

Young Kim Tests Washington
North Korea's National Defense Commission, the country's most powerful body, on Thursday threatened a "higher level" test of a nuclear warhead "targeted at the U.S." The impending test is no surprise, since satellite photos showed preparations almost a ...

Manila Takes a Stand
The Philippines government announced this week that it will seek arbitration before a tribunal under the U.N. Convention on the Law of the Sea, or Unclos, over Beijing's vast territorial claims in the South China Sea. The suit will drag on for years ...

Naspers Reaches Record Close on China Growth: Johannesburg Mover
Naspers Ltd. (NPN), Africa's biggest media group, rose to a record amid signs of accelerating growth in China, which accounts for almost three-quarters of profit for the Cape Town-based company. The stock gained as much as 2.9 percent to 573.99 rand ...

Three Things the Smog of Beijing Could Not Conceal
There's nothing like trying to use a foreign toilet to make you realize just how spoiled you are. Dispatch from China: My oldest daughter and I have hiked the Great Wall, braved the smog of Beijing, walked the ice at the Summer Palace, and stood ...

Bears Shut Up by Data as Dollar Sales Reach Record: China Credit
Chinese corporate dollar-denominated bond sales are off to a record start as an accelerating economy allays default concerns, driving down borrowing costs by the most in Asia. Yuexiu Property Co. (123), whose projects include the Guangzhou ...

Australia Backlash Makes Chinese Dairy Investors Wary
Chinese investors in Australia's dairy industry are stepping back from trying to take control of companies in the sector, in part because of growing concern over a nationalist backlash. According to Grant Healy, the director of National Australia Bank ...

Yum's chicken in China contained excessive levels of drugs - Xinhua
SHANGHAI | Fri Jan 25, 2013 5:46am EST. SHANGHAI (Reuters) - Chicken sold to KFC's parent Yum Brands Inc in China contained excessive levels of chemicals, the official Xinhua news agency reported on Friday, escalating a month-long food scare that ...

Apple: Designed in California, made in China?
People line up to enter a newly-opened Apple Store in Wangfujing shopping district in Beijing on Oct. 20, 2012. (Andy Wong - AP). Despite reporting one of the best quarters ever in the history of the company, despite Tim Cook claiming that the company ...

With Burma in Mind, China Quietly Supports Wa Rebels
BANGKOK — While Burma's military steps up battles against Kachin rebels along the border with China, security analysts say Beijing has been quietly selling advanced weapons to another insurgent group on its border, the United Wa State Army. The Wa are ...

DVB Bank says holding Iranian ship in China over debt
Fri Jan 25, 2013 12:01pm EST. * Iranian shipping firms face growing trade pressure. * Second ship sought by DVB Bank fled from Sri Lanka. By Jonathan Saul. LONDON, Jan 25 (Reuters) - Germany's DVB Bank is holding an Iranian-owned dry bulk ship in ...

Top Chinese diplomat thinks dispute with Japan over islands can be 'controlled ...
Top Chinese diplomat thinks dispute with Japan over islands can be 'controlled ...

Kim Jong Eun surgery rumors force open a sliver of daylight with China
North Korea's official news agency has taken the unusual step of publicly rebuking a rumor about young leader Kim Jong Eun, and has chastised China, its sponsor and only real ally, in the process. The vitriolic report insists that the 30-year-old Kim ...

Work With China, Don't Contain It
Op-Ed Contributor. Work With China, Don't Contain It. Golden Cosmos. By JOSEPH S. NYE Jr. Published: January 25, 2013. CAMBRIDGE, Mass. Opinion Twitter Logo. Connect With Us on Twitter. For Op-Ed, follow @nytopinion and to hear from the editorial ...

Chinese Leader Takes Conciliatory Tone in Meeting With Japanese Lawmaker
BEIJING — China's new leader, Xi Jinping, offered Japan a conciliatory tone during a meeting with a senior Japanese politician on Friday in what appeared to be an effort to reduce the escalating tensions between the countries over islands in the East ...

China's Chongqing mayor says has banished Bo Xilai's influence
By Ben Blanchard. BEIJING | Sat Jan 26, 2013 3:33am EST. BEIJING (Reuters) - The mayor of the scandal-plagued southwestern Chinese metropolis of Chongqing said on Saturday that local authorities had banished the malign influence of the city's former ...

China's jumbo air freighter test flight a success: Xinhua
BEIJING (Reuters) - China has conducted a successful test flight of its first domestically developed jumbo air freighter, the official state news agency Xinhua reported on Saturday. The Yun-20, or Transport-20, is designed for long-distance air ...

Rethinking our China strategy
Senate committees will soon be asked to vote on President Obama's nominees to head the departments of State and Defense and the Central Intelligence Agency. Many, if not most, of the senators' questions will be focused on the nominees' views on the ...

China's smog taints economy, health
BEIJING — When a thick quilt of smog enveloped swaths of China earlier this month, it set in motion a costly chain reaction for the world's No. 2 economy. Authorities canceled flights across northern China and ordered some factories shut. Hospitals ...

Philippine president accuses China of turning away Filipino fishing boats from ...
Philippine president accuses China of turning away Filipino fishing boats from ...

China tries 2 Tibetans for inciting self-burning
Almost 100 Tibetans have self-immolated since 2009, calling for freedom of religion and the return of the exiled Dalai Lama. china tibet immolation burning. Dorje Rinchen, a farmer in his late 50s, runs after setting himself on fire on the main street ...

China's Yi Warns on Currency Wars as Yuan in 'Equilibrium'
The deputy governor of China's central bank signaled he's comfortable with the yuan's exchange rate and urged Group of 20 nations to improve collaboration if so-called currency wars are to be avoided. “Right now it is pretty much close to the ...

Chinese fans put on brave face for their "Golden Flower"
BEIJING | Sat Jan 26, 2013 11:35am EST. BEIJING (Reuters) - Chinese fans were disappointed but still proud on Saturday after home-grown tennis heroine Li Na lost out once again on the Australian Open crown, saying she continued to be an inspiration for ...

China keeps mum on Bo trial despite talk it could start on Monday
By Ben Blanchard. BEIJING | Sun Jan 27, 2013 5:43am EST. BEIJING (Reuters) - China's government is giving no details on the trial of shamed senior leader Bo Xilai, the final chapter in its worst political scandal in decades, as speculation mounted the ...

As monk suicides near 100, Tibetans share fear, sorrow
In its latest move to crack down on dissent, the Chinese government treats self-immolations as a crime and charges anyone inciting the act with "intentional murder." Pilgrim. Tibetan pilgrims prostrate themselves as they circle the Milarepa Palace, a ...

GM rethinks emerging market strategy, hedges on China partner
By Norihiko Shirouzu. DETROIT | Sun Jan 27, 2013 8:21am EST. DETROIT (Reuters) - General Motors Co (GM.N) is reconsidering its emerging-market strategy, Chief Executive Dan Akerson said in an interview, in remarks that could dent the international ...

Apple Sheds More Light on Assemblers
In another small step toward transparency in its supply chain Apple Inc. listed for the first time the details of its final assembly facilities — including the companies that run the plants, where they are located and what products they put together ...

Rebound in Chinese Industries Gains Steam
BEIJING — Profits earned by Chinese industrial companies rose 17.3 percent in December from the same month a year earlier, to 895.2 billion renminbi, official data released Sunday showed, as a fourth-quarter recovery helped offset poorer corporate ...

Americans Still Careful About Money: Consumer Product Execs
Thomas Falk, Kimberly-Clark chairman & CEO, breaks down the household products makers fourth quarter earnings, and discusses growth opportunities in China, and commodity headwinds. Two of the world's biggest household and personal care products ...


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