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China News 03/2013 (Page 2)



Chinese Billionaires Say They're Seeking Acquisitions Overseas
Chinese billionaires Zong Qinghou, Pony Ma and Liu Yonghao said they're looking for acquisition and investment opportunities overseas as more of the nation's companies seek assets to bolster earnings. Hangzhou Wahaha Group Co. Chairman Zong said ...

CNN asked experts to explain biggest challenges facing China
Hong Kong (CNN) -- Four months after hushed deal-broking produced a new leadership lineup for China, Xi Jinping is to set to formally take charge of the country he'll rule for the next 10 years. Xi, along with new premier Li Keqiang, has inherited a ...

China Looks to Clear Obstacles for Migrants
BEIJING—The prosperity of the southern Chinese manufacturing hub of Zhongshan was built on the toil of migrant workers like Zou Shizhen. But it took the 42-year-old business agent almost two decades to secure a permit to live there—and then only ...

China's Tencent Aims Mobile App at US Market
Tencent Holdings Ltd. Chief Executive Pony Ma said Tuesday that the company is speeding up its effort to introduce its WeChat to developed countries, including opening an office dedicated to WeChat in the U.S.. "[The next step] will be to cooperate ...

My Love Affair with Anthropology
After I was admitted as a transfer student by University of Virginia, I went to a send-off party hosted in Beijing by its alumni and the Office of Engagement for incoming undergraduate and graduate students, in order to learn more about my new school ...

Glencore Shrugs Off China Delay
LONDON—Glencore International PLC on Tuesday said China is reviewing the commodities company's proposed merger with Xstrata PLC with a particular focus on whether the combined company would exert too much influence in the country's copper ...

China boosts military and domestic security spending
Spending on putting down riots, "instability," outstrips military spending. china0001. Communist Party chief Xi Jinping, center, Chinese President Hu Jintao, left, and Chinese Premier Wen Jiabao leave after the opening session of the National People's ...

Emerging Stocks Rise on China as Stimulus Lifts Exporters
Emerging-market stocks rebounded from an 11-week low and currencies strengthened as China pledged to increase fiscal spending and investors speculated exporters will get a boost from U.S. monetary stimulus. Samsung Electronics Co. (005930), which ...

GLOBAL MARKETS-Dow hits record on China bets, US data; commodities rise
Tue Mar 5, 2013 12:01pm EST. * Central banks expected to extend easy policies. * Brent crude ends a five-day losing streak. * Copper gains as China pledges to maintain growth. By Rodrigo Campos. NEW YORK, March 5 (Reuters) - The Dow Jones ...

Lisa See is coming to the LA Times Festival of Books: Author Q&A
The L.A. Times Festival of Books is on the horizon -- April 21-22, to be exact. In the coming weeks, we'll be talking to some of the authors who will be there; the first is bestselling novelist Lisa See. The author of "Dreams of Joy," "Snow Flower and ...

Chávez's Death May Challenge China, a Friend
Venezuelan President Hugo Chavez welcoming China's president-to-be, Xi Jinping, at Miraflores Palace/Reuters Venezuelan President Hugo Chavez welcoming China's president-to-be, Xi Jinping, at Miraflores Palace in Caracas in 2009. BEIJING ...

China's Endless Turmoil -- Dennis Rodman -- He Got down With Kim Jong Un
"I hate social networking media even more than yucca fries!... I communicate every day with dozens of people I've never met. Meanwhile, real friends never call... People beg you to 'like' their page, as if that will somehow add substance to their ...

Pegging Rebalancing's Winners and Losers
A new focus on consumers could push China's auto, appliance and tech firms toward global dominance. Article; Comments. more in Asia | Find New $LINKTEXTFIND$ ». smaller; Larger. By ANDREW STEEL. Most people agree that China needs to rebalance ...

Strangulation of infant leads to grief, soul-searching in China
Locals hold a candlelight vigil for the two-month-old baby killed by a car thief in Changchun, the capital of northeast China's Jilin province. (AFP). While China's leaders convened in Beijing for its most important government meeting of the year, the ...

Chinese Anger Over Pollution Becomes Main Cause of Social Unrest
Pollution has replaced land disputes as the main cause of social unrest in China, a retired Communist Party official said, as delegates to the country's legislature lamented environmental degradation. China now sees 30,000 to 50,000 so-called mass ...

City Life Takes a Toll on China's Children
BEIJING — Life in China isn't cheap any more, despite its reputation as a low-cost center. While many families have prospered from economic liberalization, others struggle to get by. And that includes many considered to be doing fairly well. Many ...

Capital: Germany, With Exports Booming, Could Learn From China
A quick quiz: Which of the world's major economies is relying most on exporting to the rest of the world and less on homegrown demand? Is it China, long the target of U.S. complaints? Or Germany, strongman of Europe? China's current-account surplus ...

China Plans to Issue 4G Licenses This Year
BEIJING—China is likely to begin issuing licenses to service providers for fourth-generation mobile technology this year, playing catch-up with other countries. Miao Wei, the head of China's Ministry of Industry and Information Technology, said the ...

Codelco Expects Decline in Copper Cathode Shipments to China
Codelco, the biggest copper producer, will reduce cathode shipments to China this year as the nation's needs shift to concentrate imports. Codelco, based in Santiago, will ship about 350,000 metric tons of copper cathode to China this year, “a few ...

Soho China CEO Downplays Cooling Measures
China's biggest developer of prime commercial real estate, Soho China, doubled its net profit last year. CEO Zhang Xin tells the WSJ's Deborah Kan the secret of the company's success. HONG KONG—China's latest attempt to cool its property market won't ...

An Unhappy Middle in the Middle Kingdom
China has the world's largest number of billionaires and 700 million peasants. In between is a surprisingly thin and unhappy middle class, which poses a big social and economic challenge. Among the 3,000 delegates of the 2013 National People's Congress ...

METALS-Copper, aluminium gain on US jobs data, stronger euro
Thu Mar 7, 2013 10:25am EST. * U.S. weekly jobless claims unexpectedly fall * Euro gains vs dollar after ECB gives no hints on easing * Copper trading 1.9 percent lower year-to-date * Coming up: U.S. non-farm payrolls data 1330 GMT on Friday By ...

PBOC's Rise to Top a Story of Deft Politics Amid Turmoil
As of November 2012, the People's Bank of China had total assets of $4.8 trillion, more than the European Central Bank or the Federal Reserve. The PBOC now supplies more than half the world's total liquidity and manages foreign reserves worth almost $3 ...

With China the No. 1 destination, Virginia agricultural exports hit a record ...
With China the No. 1 destination, Virginia agricultural exports hit a record ...

Chinese National People's Congress has 83 billionaires, report says
BEIJING — The legislature of the world's last major communist country is almost certainly the wealthiest in the world, according to a popular rich list that names 83 dollar billionaires among the delegates to China's parliament this year. Meanwhile ...

Billionaires Big at China's Annual Political Conclave
The main event on China's political calendar, now underway in Beijing, features measured economic growth targets — and less cuddling of the cadres. But billionaire delegates are becoming a perennial feature of the twin meetings of China's National ...

A New Season in Chinese Super League
SEOUL, South Korea — With the arrival of Nicolas Anelka and Didier Drogba at Shanghai Shenhua last season, the international news media hailed the Chinese Super League as one to watch and talked of a shift in the global goalposts. It is not surprising ...

The Case of the Missing Uighur
How did a passport-less former Guantanamo detainee escape from Palau and avoid China's clutches? Article; Comments. more in Opinion | Find New $LINKTEXTFIND$ ». smaller; Larger. By DAVID WALTER. Koror, Palau. The Pacific island republic of Palau ...

China Inflation Over 3.5% May Prompt Rate Rise, NDRC's Chen Says
China may need to raise interest rates should gains in the consumer-price index stay at more than 3.5 percent for three months, a senior researcher affiliated with the country's top planning agency said. “In theory, if CPI remains above 3.5 percent for ...

World shares hit highest since June 2008
By Marc Jones. LONDON | Fri Mar 8, 2013 5:55am EST. LONDON (Reuters) - World shares hit their highest level since June 2008 and the dollar touched a fresh 3-1/2-year high against the yen on Friday, ahead of U.S. jobs data expected to point to a ...


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