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China News 03/2013 (Page 3)



China's Chen Warns on Currency Risk as Yen Slumps to '09 Low
China's Commerce Minister Chen Deming said he's concerned at the risk of competitive devaluations as the yen slumped to the lowest level against the dollar in more than three years. Large depreciations of major currencies “will have a big impact on ...

Hyundai Apologizes for Weibo Lapse as China Mourns Baby
Hyundai Motor Co. (005380) and a dealer of General Motors Co. (GM)'s Buicks apologized for postings that touted their child-safety features on Chinese social media while alluding to an outcry over the murder of a two-month-old baby. Hyundai, South ...

Doomsday Warning Can't Damp Bubbly Enthusiasm for China Property
Beijing's latest property curbs and gloomy comments about China's housing market from the founder of the country's largest property developer failed to nudge rock-solid investor interest in the much-watched sector. In a doom-filled interview with U.S ...

Europe Looks To Take Advantage Of Growing Chinese Tourism
BERLIN/MADRID, March 7 (Reuters) - European countries will need to focus less on beach holidays and more on communist history, rolling landscapes and even poetic trees if they want to take advantage of growing numbers of tourists from China. According ...

Stops, Starts for China's Air Pollution Controls
In the face of growing protests and public frustration about China's smoggy air and polluted rivers, leaders at the National People's Congress this week are holding meetings to discuss how to clean up the environment. The government is looking at ...

Nation's Biggest Honey Packer Admits 'Laundering' Chinese Honey
There was bombshell news from the world of honey two weeks ago, and somehow we missed it. Two big honey packers, including one of the largest in the country — Groeb Farms of Onsted, Mich. — admitted buying millions of dollars worth of honey that was ...

China Feb exports surge, supports recovery hopes
BEIJING (Reuters) - China's exports soared past forecasts to jump by a fifth in February from a year ago, a sign the country's modest economic revival is intact and suggesting global demand may also be on the mend. But underlining expectations that ...

METALS-Copper falls on dollar, increasing supply weighs
Fri Mar 8, 2013 12:13pm EST. * China copper imports slump 15.1% in Feb on Lunar New Year effect * Dollar rises against euro * US employers step up hiring, unemployment at 4-year low By Susan Thomas LONDON, March 8 (Reuters) - Copper fell on Friday ...

Obama's well-timed pivot to the Pacific
The writer is a contributing editor to The Post. His e-mail address is [email protected] President Obama's determination to get U.S. troops out of the Middle East and Central Asia is much clearer than are his purposes in repositioning U.S ...

China Plans Overhaul of Debt-Laden Railways
BEIJING—China signaled it is on the verge of shaking up its massive railway system, long plagued by corruption allegations and heavy debt and since a deadly 2011 train crash also under a cloud of safety concerns. Reform of China's Railways Ministry ...

China's Retail-Industrial Data Signal Moderating Rebound
China's retail sales had their weakest start to a year since 2004 after new leaders cracked down on extravagance while factory-output growth slowed, adding to signs of a moderating economic rebound. Retail sales increased 12.3 percent in the first two ...

China versus Keystone in the Canadian oil sands
A Chinese oil company recently purchased a small but significant player in the development of Canadian oil sands, the third largest deposit of accessible oil in the world and the source of more than a quarter of U.S. oil imports. The sale of Nexen to ...

Food forecast may have China worried over global warming
Sign up for home delivery of The Columbus Dispatch and find out What's In It for You. Subscribe. Already a subscriber? Enroll in EZPay and get a free gift! Enroll now. Saturday March 9, 2013 6:49 AM. Comments: 0; Tweet. Last week's announcement by ...

Winning In China: Henry Winter's Story
On our China Channel, Eli Bildner posted an eloquent appreciation of Henry Winter, an American who had made a big impression in China before his death last year, from a cerebral hemorrhage, at age 43. I mention it now for these reasons: - To encourage ...

China's Economic Data Show Weakest Start Since 2009
China's retail sales and industrial output had their weakest combined start to a year since the global recession in 2009, adding to signs of a moderating rebound in the world's second-biggest economy. Retail sales increased 12.3 percent in the first ...

China's Xi to visit Africa as U.S. frets over Beijing influence
BEIJING (Reuters) - Incoming Chinese president Xi Jinping's first trip as head of state will take him to Africa, the government said on Saturday, as China seeks to cement a growing trade and energy relationship that has caused alarm bells to ring in ...

For Chinese, Maldives Boycott Goes Beyond Instant Noodles
The number of tourists from China is rising in many parts of the world as the Philippe Lopez/Agence France-Presse — Getty Images The number of tourists from China is rising in many parts of the world as the country grows richer. Here, tourists from ...

Socialist Ghost Haunts Reform Prospects in China
Lei Feng is the socialist icon whose dedication to Mao Zedong and to helping those in distress has produced various campaigns to study his example —including a current one tied to the 50th annual “Learn from Lei Feng Day” that has so far produced a ...

China's Environmental Secrecy Sparks Public Anger
This picture taken on January 29, 2013 shows a general view of buildings in the heavy smog in Jilin, northeast China's Jilin province. By Sui-Lee Wee and Adam Jourdan BEIJING/SHANGHAI, March 10 (Reuters) - When China's environment ministry told ...

Chinese Economy Shows Signs of Weakness
BEIJING—China's economy showed signs of weakness in the first two months of the year, falling short of expectations it would resume the kind of strong growth with low inflation that has helped drive a global economic recovery. Statistics released over ...

Analysis: US concern on China currency fades as yuan grinds higher
WASHINGTON (Reuters) - After years of grabbing the spotlight in U.S.-China economic relations, U.S. concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft. Some ...

China to Shake Up Foreign-Policy Leadership
Mr. Yang is likely to replace State Councilor Dai Bingguo, according to Chinese foreign-policy scholars and diplomats in Beijing. Among his most pressing challenges will be managing relations with Washington and coordinating the behavior of interest ...

Dead Pigs In China Floating By The Hundreds In Shanghai River (GRAPHIC ...
Dead Pigs In China Floating By The Hundreds In Shanghai River (GRAPHIC ...

Analysis: Bellicose North Korea forces China to shift stance on old friend
BEIJING (Reuters) - Six months ago China's state media was lauding North Korea as a great place to invest as both countries tried to promote a cross-border economic zone. One nuclear test, a long-range rocket launch and much sabre-rattling later and ...

China Plans Revamp of Railways, Energy, Food Safety Ministries
China plans to revamp government bodies responsible for energy, railways and food safety as the country's new leaders seek to cut red tape and graft in the biggest top-level reorganization since 2008. The Ministry of Railways will be split and the food ...

A Notable Nod of Approval for China's Central Bank Chief
A former colleague and frequent critic of People's Bank of China governor Zhou Xiaochuan has voiced strong support for him to remain at the helm of the central bank. Mr. Zhou's global profile makes him irreplaceable for now as head of the PBOC, ...

Smartphones Lift Chinese Tech Stocks in Best ETF Advance
An exchange-traded fund of technology stocks is providing the highest returns of China- focused ETFs in the U.S. as the nation's growing middle class stokes demand for smartphones. The Guggenheim China Technology Exchange-Traded Fund Trust 2 ...

Optimism Grows in Chinese Auto Market
SHANGHAI—China's auto market started the year with a 15% sales increase, fueling hopes for a strong 2013 in the world's largest auto market after two consecutive years of modest growth. Data from the semi-official China Association of Automobile ...

US Stocks Edge Lower, Trimming Recent Gains, Amid Weak China Data
NEW YORK-U.S. stocks edged lower, following a six-day streak of gains for the Dow, as investors weighed weakness in European markets and downbeat economic data in China. The Dow Jones Industrial Average slipped three points, or less than 0.1%, ...

Yuan Flows a More Freely as China Relaxes Controls
The use of China's yuan abroad is rising as Beijing slowly loosens its grip and allows a wider group of investors to buy the nation's currency, stocks and bonds. Richard Silk reports China's economy showed signs of weakness in the first two months of ...


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