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China News 03/2013 (Page 10)



China Naming Harvard-Educated Liu to NDRC May Hail Policy Shift
Liu He was appointed as a vice chairman of China's top economic-planning agency, a sign that President Xi Jinping's government may be preparing to quicken market-driven policy changes to sustain growth. The National Development and Reform ...

Sinopharm Falls on $515 Million Share-Sale Plan: Hong Kong Mover
Sinopharm Group Co. (1099), China's biggest drug distributor, posted the largest decline in almost three years in Hong Kong trading after saying it will sell as much as HK$4 billion ($515 million) in new shares. Sinopharm fell 7.2 percent to HK$25.05 ...

Maesrk Says China's Consumption Focus to Help Shipping
A.P. Moeller-Maersk A/S (MAERSKB), owner of the world's biggest container shipping line, said China's efforts to boost domestic consumption and pare reliance on exports will help carriers as imports into the country may gain. “With the new leadership ...

UPDATE 1-US law to restrict government purchases of Chinese IT equipment
Thu Mar 28, 2013 4:24am EDT. * Requires federal law enforcement approval of IT systems. * Rule is "discriminatory" against Chinese firms-foreign ministry. * United States imports about $129 billion in advanced tech from China. By Alina Selyukh and Doug ...

US law to restrict government purchases of Chinese IT equipment
By Alina Selyukh and Doug Palmer. WASHINGTON | Thu Mar 28, 2013 4:35am EDT. WASHINGTON (Reuters) - Congress quietly tucked in a new cyber-espionage review process for U.S. government technology purchases into the funding law signed this ...

RPT-Fitch Downgrades China Oriental to 'BB'; Outlook Stable
Thu Mar 28, 2013 5:55am EDT. (Repeat for additional subscribers). March 28 (Reuters) - (The following statement was released by the rating agency). Fitch Ratings has downgraded the leading Chinese section steel producer China Oriental Group Company ...

Japanese Shares Lead Asian Markets Higher in 1Q
Japanese stocks surged in the first quarter to become the world's second-best performer after Venezuela and leading Asia higher, while investors soured on China as confidence ebbed over its economic recovery. “You've had Japan at the one end, shooting ...

Asia's Great Rivalry
China's state-run media reported this week the purchase of 24 of Russia's most advanced fighter in production, the Su-35, as a capstone to new leader Xi Jinping's visit to Moscow last week. But there's something odd about the announcement. The deal was ...

China Worries Arise in Sprint Deal
The U.S. government is seeking oversight of network-equipment purchases as a condition for approving Softbank Corp.'s $20 billion acquisition of U.S. phone carrier Sprint Nextel Corp., a move that appears to be aimed at keeping out Chinese suppliers ...

Indian business delegation to visit China
Mumbai, March 28 — A 40-member business delegation, led by Indian Merchants' Chamber (IMC) president Niranjan Hiranandani, will visit China for an annual flagship event April 8-12, an IMC official said. IMC's annual flagship event 'India Calling China ...

Energy Journal: Chinese Shale Gas Edges Forward
Here's your morning jolt of news, insight and analysis on the global energy business. Send us tips, suggestions and complaints: [email protected] and [email protected] · Click here to receive this morning email newsletter. HOPE FOR CHINESE ...

Hong Kong Yuan Deposits Climb to Record on Bets Currency to Gain
Yuan deposits in Hong Kong climbed to a record in February as a brightening outlook for the world's second-largest economy spurred speculation China's currency would appreciate. Savings rose 28 billion yuan ($4.5 billion) from the previous month to 652 ...

Designer Rebecca Torres on taking Scotland to China
Some of Scotland's leading textiles brands and designers are currently in Beijing to promote Scottish fashion. Some of Scotland's leading textiles brands and designers are currently in Beijing to promote Scottish fashion. Designs by Rebecca Torres ...

Zoomlion Net Misses Estimates on Finance Costs, Demand Weakness
Zoomlion Heavy Industry Science and Technology Co., China's second-biggest construction equipment maker, posted profit that missed analyst estimates as government measures to cool the property market damped demand while finance costs and ...

China's Massive Water Problem
This month, a hundred years after the completion of the Panama Canal, China is expected to finish the first phase of its gigantic South-North Water Transfer Project, known in Chinese as Nanshui beidiao gongcheng — literally, “to divert southern water ...

Government scrutiny in China could threaten Apple's global growth
Even as Apple enjoys breakneck growth in China, recent tongue-lashings from government-controlled media show the company faces perils in the country crucial to spur its global sales. The media criticism, a new lawsuit by a Chinese company asserting ...

Horse racing-Dubai developer aims to bring top racing to China
DUBAI, March 28 (Reuters) - Dubai government-owned developer Meydan Group plans to host an international horse race meeting in China's southwestern city of Chengdu later in 2013, aiming to bring a world class event to the country's nascent racing ...

METALS-Copper set for quarterly loss; market in risk-averse mode
Thu Mar 28, 2013 10:13am EDT. * Copper set to finish first quarter 4 percent lower * Cyprus, Italy still a drag on metals market * LME closed on Friday, Monday for Easter holiday By Susan Thomas LONDON, March 28 (Reuters) - Copper firmed on Thursday, ...

BRIC, BRICS or BRICSI? The Growing Challenge
The leaders of the BRICS countries, from left: Prime Minister Manmohan Singh of India European Pressphoto Agency The leaders of the BRICS countries, from left: Prime Minister Manmohan Singh of India, President Xi Jinping of China, President Jacob Zuma ...

Coal-Ship Rates Fall for Third Day Amid China Demand Speculation
Charter rates for coal-hauling Panamax ships fell for a third day amid speculation above-normal stockpiles of the power-station fuel at a port in China, the world's biggest importer, may be curbing demand. Hire costs for the vessels, which also carry ...

Will shale gas decimate China's toy makers?: Clyde Russell
By Clyde Russell. LAUNCESTON, Australia | Thu Mar 28, 2013 10:29am EDT. LAUNCESTON, Australia (Reuters) - Such is the impact of the shale gas revolution in the United States that it's quite possible that babies born today will no longer play with ...

SAIC's Growth Slows in Tough Chinese Car Market
SHANGHAI—SAIC Motor Corp., China's largest car maker by sales, on Thursday posted a 2.6% rise in 2012 net profit, the slowest growth in four years amid intensifying competition in the world's largest auto market. The Chinese partner of global auto ...

China to Tighten Oversight on Apple
BEIJING—A Chinese regulator said it would heighten supervision over Apple Inc.'s consumer-rights practices as state media continued to attack the company over its after-sales practices. The State Administration for Industry and Commerce said on ...

Beggar threw self into river, govt says
A blind beggar who claimed to be attacked and thrown into a pool by three government staff in fact jumped into the pool himself, the local government of a district in Southwest China's Yunnan province announced. However, the three staff members were ...

Liquor makers targeted for illegal water discharge
Two Guizhou-based liquor producers, Xijiu and Xiaohutuxian, have been forced by local authorities to make improvements to their wastewater discharge systems. The rectification notices, issued by the provincial environmental protection department in ...

Why China Is Finally Abandoning Its One Child Policy
One of the first announcements by the new administration taking charge in China this month was that the one child policy, which has been in effect since 1979, will be phased out. The end of this most repulsive of social policies is good news for human ...

Missing Tycoon Mars Overseas Push of China's Private Businesses
March 29 (Bloomberg) -- Even by the standards of China's rough and tumble breed of entrepreneurs, billionaire Liu Han's brushes with death mark him out. After dodging a hitman's bullets in 1997, which led to the execution of a rival tycoon and two of ...

Easter Arts Diary - New Statesman
Chinese shaolin monk performs in 'Sutra', a ballet by Sidi Larbi Cherkaoui, on July 8, 2008 in Avignon, southeastern France, as part of the 62nd Avignon international festival. Photo: Anne-Christine Poujoulat/Getty Images ...

Obama Urged to Act on China's Alleged Cyber Theft
President Barack Obama's administration should take action to curb China's alleged cyber theft, two House Democrats said, after a top U.S. official accused the Asian nation of spying on American companies. The U.S. Trade Representative's office needs ...

Research and Markets: Latest Guide to Chinese Medical Device GMP Regulations
China is one of the fastest growing global economies in the world, and is one of the largest healthcare markets around the world. Along with sustained economic and population growth, the Chinese healthcare market has maintained an annual average ...


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