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China News 03/2013 (Page 7)



More Than Meets the Eye in China's Attack on Volkswagen
Chinese president Xi Jinping has promised to go after both “tigers and flies” in his quest to stamp out corruption in China. The vow to target, indict and shame powerful tigers, however, could very well reach beyond the realm of bribery and into ...

Eight Questions: Hou Xiaoshou on Community Capitalism
Over the past three decades, China has adopted anything but a textbook version of market economics. Indeed, China's capitalism leaves room for socialism. Agence France-Presse/Getty Images: An aerial photo show's Huaxi's Longxi International Hotel, ...

UPDATE 3-In Suntech's China home, high hopes for a bailout
Thu Mar 21, 2013 12:38pm EDT. By Charlie Zhu and Umesh Desai. WUXI, China/HONG KONG, March 21 (Reuters) - The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out China's biggest solar panel maker to stave off its ...

As Hacking Continues, Concerns Grow That Chinese-Americans May Suffer
A threat level is displayed on a monitor at the United States Department of Homeland Security's Hyungwon Kang/Reuters A threat level is displayed on a monitor at the United States Department of Homeland Security's National Cybersecurity ...

Manufacturing in China Picked Up in March
HONG KONG — Manufacturing activity in China has perked up in March after a lull during the Lunar New Year holiday in February, underlining that China's economy appears on track for solid — but not sizzling — growth this year. A closely watched index ...

China Unicom Picks Its Side in 4G Battle
BEIJING—Battle lines have been drawn over new mobile networks as China Unicom (Hong Kong) Ltd. joined China Telecom Corp. in stating its preference for the world's more popular fourth-generation standard. China Unicom Chief Executive Chang ...

On Xi's First Trip, Many Eyes on China's First Lady
BEIJING — As Chinese President Xi Jinping departs Friday on his first overseas tour, which includes stops in Moscow and three African countries, along with the BRICS summit in Durban, South Africa, Beijing's media is buzzing about the impact of Xi's ...

METALS-Copper falls on Cyprus fears, firm dollar
Thu Mar 21, 2013 11:27am EDT. * Euro falls vs dollar after gloomy euro zone data * China HSBC flash PMI rises but Q1 momentum seen muted * U.S. existing home sales touch three-year high By Harpreet Bhal LONDON, March 21 (Reuters) - Copper fell on ...

China's Testing Woes Remind That Developing Carrier Planes is Hard
The ongoing trials of China's first aircraft carrier and her ship-based jet fighters represents a major leap-ahead in capability for the People's Liberation Army Navy (PLAN). But the hype surrounding Lioaning's debut test cruise last summer and the ...

Treasury Wine Sees China as World's Largest Market in 10 Years
Treasury Wine Estates Ltd. (TWE), the world's second-largest wine company, expects China to overtake the U.S. by 2023 as the biggest wine market globally. Chinese wine sales will rise to about 500 million cases a year in a decade, from 150 million ...

Cnooc Profit Falls on Capital Spending, Slowing Output Growth
Cnooc Ltd. (883) reported lower 2012 profits that missed analyst estimates, as China's biggest offshore oil producer spent more to revive output growth, an effort underscored by its $15.1 billion takeover of Canadian oil producer Nexen Inc. (NXY). Net ...

The (Many) Chinese Films You Won't See in a Theater
China's film industry may be spitting out movies like never before, but less than half of what it produces is making it onto the big screen, a new report shows. Among the 745 feature films produced in China last year, only 315 – or 42% — played in ...

High-Tech Gathering Draws High Interest
If Mark Zuckerberg, Eric Schmidt, Barry Diller and Jeff Bezos all got together for a closed-door meeting at Amazon's headquarters in Seattle, people in the U.S. would take notice. So it's no surprise that when the leaders of some of China's biggest ...

South Korea misidentifies China as origin of cyberattacks
NEW YORK – In an embarrassing twist to a coordinated cyberattack on six major South Korean companies this week, investigators said Friday they wrongly identified a Chinese Internet Protocol address as the source. A joint team of government and private ...

China's Xi urges Russia to strengthen foreign policy coordination
MOSCOW — China's new president, who has chosen Moscow as his first foreign destination, urged Russia to work closer with Beijing on foreign policy matters in order to better protect their joint security and interests. The comments from Xi Jinping ...

Volvo Says Chinese Dealers Inflated Sales
STOCKHOLM—Volvo Car Corp. said Friday some of its Chinese dealers inflated sales figures to receive cash incentives in 2011 skewing annual comparisons that led the company to disclose it lost ground in China last year when it had actually increased ...

Five myths about Chinese hackers
James Andrew Lewis is a senior fellow and director of the technology and public policy program at the Center for Strategic and International Studies. If you work in Washington — on the Hill or on K Street, at a law firm or at a think tank — you've ...

Chinese Tycoon Held in Connection With Brother's Arrest
SHANGHAI—Police in China said Friday they are holding Chinese tycoon Liu Han on suspicion he broke the law by harboring a wanted man, news that casts doubt on more than $2 billion in mining deals spread from Australia to Nevada that depend on ...

Why China won't act against a nuclear North Korea
John Pomfret, a longtime Post foreign correspondent and editor, is the author of “Chinese Lessons: Five Classmates and the Story of the New China.” In his memoirs, former president George W. Bush recounts a story about North Korea and China. In October ...

Teeing Off at Edge of the Arctic? A Chinese Plan Baffles Iceland
GRIMSSTADIR, Iceland — Struggling to stand upright against a howling wind, Bragi Benediktsson looked out over his family's land — a barren expanse of snow and ice that a Chinese billionaire wants to turn into a golf course — and laughed. “Golf here ...

Britain's oldest wine merchant to sell Chinese wine
London, March 23 — Britain's oldest wine merchant Berry Bros & Rudd (BBR) has announced it has become the first major retailer in the country to sell Chinese wine. The 314-year-old wine merchant said it would sell four wines from leading Chinese ...

Chinese Billionaire's Meat Processor Posts $78 Mln Loss For 2012
Earnings at China Yurun Food Group, one of China's biggest meat-processing companies and a rival to Hormel in the country, reversed to a loss of HK$605 million, or $78 million, in 2012, compared with a profit of HK$1.8 billion a year earlier. In a ...

China should up property tax on third homes: official
BEIJING | Sat Mar 23, 2013 7:40am EDT. BEIJING (Reuters) - China should increase its home ownership tax on those with three or more properties to target speculators and as part of measures that replace current purchase restrictions, Hu Cunzhi, vice ...

US fur farmers account for demand in China
Bob Zimbal holds one of his minds at his fur farm in Sheboygan Falls, Wis. Fur sales in the U.S. remain low, but demand in China has pushed fur prices to record highs and supported U.S. farmers like Zimbal in the current economy. (CARRIE ANTLFINGER ...

China may soon stop flooding the world with cheap solar panels
Over the past few years, China has utterly dominated the global solar industry. Firms like Suntech, Trina, and Yingli have received hefty government subsidies to sell photovoltaic panels at ever-shrinking prices and capture 80 percent of the global ...

Hailstorms in southern China kill 12, injure hundreds
BEIJING — Hailstorms that hit southern China this week have killed 12 people, injured hundreds more and caused tens of millions of dollars in damage. The official Xinhua News Agency says nine people were killed in the city of Dongguan in southern ...

China's Leader Argues for Cooperation With Russia
MOSCOW — President Xi Jinping of China made a case on Saturday for closer economic and foreign policy cooperation with Russia, using a speech at a university here to argue that the countries have converging goals, including an expansion of the oil and ...

Two Ways To Become Rich In China
Getting out of poverty and become rich is inviting all over the world. Especially in countries like China, which “has been poor for too long,” to use the words of the country's legendary leader Deng Xiaoping. “To get rich is glorious” he declared in ...

'World Dream,' Business on Chinese President's First Overseas Trip
Workers on a Chinese company's bridge at Kurasini in Dar es Salaam, Tanzania. The John Lukuwi/Agence France-Presse — Getty Images Workers on a Chinese company's bridge at Kurasini in Dar es Salaam, Tanzania. The broad, vehicular bridge will be ...

Search for love in China fuels 'ghost marriages'; grave robbing
By Le Li, Producer, NBC News. BEIJING – Wei Guohua finally found his Mrs. Right – almost 10 years after he died. Led by a rooster, Wei Guohua's children brought the remains of his bride and buried them inside his tomb in Yulin, a town in Shannxi ...


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