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China News 03/2013 (Page 9)



Foxconn Plant in Peanut Field Shows Labor Eroding China's Edge
Standing on a street corner near Foxconn Technology Group's (2038) plant in central China that makes iPhone 5 handsets, employee Wang Ke says he'll quit if his wage doesn't double. “I don't have high expectations, I know I'm a migrant worker,” said ...

Cotton futures halt 4-day slide on new China import quotas
Tue Mar 26, 2013 4:36pm EDT. * Mills given new sliding-scale import quotas - reports. * Prices gain after 6-percent decline from 1-year high. * Technical support seen at 85.59 cents a lb. NEW YORK, March 26 (Reuters) - Cotton futures rose on Tuesday, ...

China Overnight Money Rate Jumps as Banks Brace for Quarter-End
China's overnight money-market rate rose the most in more than a week on speculation banks are hoarding cash to meet quarter-end capital requirements. The People's Bank of China gauged demand for 28-day repurchase agreements planned for tomorrow ...

Foxconn Plant in Peanut Field Shows Labor Eroding China's Edge
March 27 (Bloomberg) -- Standing on a street corner near Foxconn Technology Group's plant in central China that makes iPhone 5 handsets, employee Wang Ke says he'll quit if his wage doesn't double. “I don't have high expectations, I know I'm a migrant ...

Templeton Shuns Corporates as Yield Spread Narrows
Chinese corporate bond yields the lowest in four months above the government's, prompting the local unit of Franklin Templeton Investment to avoid the debt. “The credit spread may widen in the second quarter,” said Diao Huiyu, head of fixed-income ...

China key money rate falls to 3-week low, liquidity comfortable
Wed Mar 27, 2013 2:12am EDT. * Benchmark 7-day repo rate slumps to 3-week low of 2.83 pct * 14-day rate extends rise due to upcoming holiday * Overnight rate still at rock bottom levels * Forex inflows support liquidity By Chen Yixin and Gabriel Wildau ...

Foxconn Plant in Peanut Field Shows Labor Eroding China Edge
AFP/Getty Images. Employees are seen at the end of a work day outside Foxconn Technology Group's compound in Shenzhen. Many of the younger workers the company hoped to employ don't want to work in factories, said Auret van Heerden, chief ...

Diageo Woos China Diaspora With 108-Proof Liquor
Diageo Plc (DGE), the world's largest liquor company, will expand sales of the Shuijingfang white spirit to Italy, Spain and the Middle East this year to reduce reliance on the liquor's home market by tapping Chinese abroad. Overseas sales may rise to ...

Mr. Xi Goes to Moscow
On his first foray abroad as China's new leader, Xi Jinping's first stop last week was in Moscow, giving the impression that the giant Asian neighbors were friends intent on broadening their “strategic partnership.” But for all the handshakes and ...

The Limits of China's Market Model
In his book “No Ancient Wisdom, No Followers,” the author James McGregor delivers a sharp critique of China's recent development path, and what he calls “authoritarian capitalism.” In Mr. McGregor's China, the government plays too large a role in the ...

China Sentences 20 in Restive Region
HONG KONG — Two courts in China's far northwestern Xinjiang region have convicted and sentenced 20 people accused of militant separatism in this area where members of the Uighur ethnic minority bridle at Chinese rule and restrictions on their Islamic ...

China Eastern Turns to European Passengers
HONG KONG—As a bilateral territorial dispute drags on, airline traffic between China and Japan remains significantly weaker from a year earlier, causing many Chinese carriers to rethink their international strategies. At China Eastern Airlines Corp ...

Fed study says China's growth could slow sharply by 2030
WASHINGTON (Reuters) - Economic growth in China faces mounting headwinds and could fade dramatically in the years ahead due to declining productivity and an aging population, according to a U.S. Federal Reserve study. Trend growth could slow ...

China Tightens Regulations on Wealth Management
BEIJING—China moved to rein in wildly popular but opaque investment products that form a key plank of the nation's shadow-banking system, after the high-profile failure of one product offered a glimpse of the risk they pose to the financial system ...

METALS-Copper falls on strong dollar, euro zone worries
Wed Mar 27, 2013 11:14am EDT. * Aluminium, lead hit four-month lows * Euro falls vs dollar on Cyprus bank bailout deal * LME volumes seen tailing off ahead of Easter holiday * U.S. pending home sales fall more than expected in Feb By Susan Thomas ...

Of Peasants With Pitchforks: Inside China's Villages
For the past few years I have been living in a farming village in southeast China. It is the same village where my wife, who is Chinese, was born. It is the village where we were married last year, and it is the village where our firstborn was recently ...

China's navy holds landing exercises near disputed islands
BEIJING – China's increasingly powerful navy paid a symbolic visit to the country's southernmost territorial claim deep in the South China Sea this week as part of military drills in the disputed Spratly Islands involving amphibious landings and ...

China Oil Tanker Seen at Iran Port for First Time Since EU Ban
A Chinese supertanker able to haul 2 million barrels of crude sent a signal from Iran's largest export terminal in what may be the first visit of its kind since a European ban on insuring shipments in July. The Yuan Yang Hu, belonging to state-owned ...

Nigeria offers to sell power plant to Chinese firm
ABUJA, March 27 | Wed Mar 27, 2013 1:52pm EDT. ABUJA, March 27 (Reuters) - Nigeria has offered to sell a major power station to the Chinese engineering firm that has upgraded the plant, the privatisation agency said, as it aims to end power shortages ...

Emerging-Market Stocks Advance on Philippine Debt Upgrade
Emerging-market stocks had the longest advance in a month as the Philippines got its first investment-grade rating and China's largest banks posted a decline in bad-loan ratios. Brazil's real strengthened. SM Investments Corp. (SM) rose 5.3 percent ...

Elite in China Face Austerity Under Xi's Rule
A branch in Beijing of Xiang E Qing, a restaurant chain popular with government officials, was quiet at lunchtime recently. By ANDREW JACOBS. Published: March 27, 2013. BEIJING — Life for the almighty Chinese government official has come to this: car ...

US takes swipe at China following hacking accusations
WASHINGTON – The U.S. has taken its first real swipe at China following accusations that the Beijing government is behind a widespread and systemic hacking campaign targeting U.S. businesses. Buried in a spending bill signed by President Barack ...

Beijing traffic an object lesson for regulation
A decade ago, Beijing seemed like a cyclist's paradise. True, there were no dedicated bike lanes, but that was because two-wheeled, man-powered vehicles owned the road. In what seemed like a scene from an environmentalist's (slightly socialist) fantasy ...

China Jiangxi Copper's 2012 Refined Metal Output Up 16 Pct
Summary:China's top producer of refined copper, Jiangxi Copper Company Ltd, reported a jump of 16 percent in 2012 output, saying it plans to hike production further this year. HONG KONG, March 27 (Reuters) - China's top producer of refined copper, ...

China Repo Rate Jumps Most in a Week on Quarter-End Cash Demand
China's money-market rate rose the most in a week as banks retain funds to prepare for cash-reserve requirements at the end of the quarter. The People's Bank of China will conduct 30 billion yuan ($4.8 billion) of 28-day repurchase agreements today, ...

China: Sustaining growth amid challenges
Despite the much-talked-about slowdown, the China growth story is still an enviable and impressive one. But after years of heady growth, the country now faces critical challenges on multiple fronts. For Chinese policymakers - sustainability is now the ...

Going global helps to feed aspirations[1]|chinadaily.com.cn
Ge Junjie doesn't drink milk or alcohol. As vice-president of Bright Food Group Co, Ge often needs to convince people how he manages to run a business that he himself doesn't engage in much during his leisure time. So here is his winning formula: ...

Wood artist sees the trees from the forest[1]|chinadaily.com.cn
Would an artist prefer to have his creation exhibited in the museum, and admired by thousands, or kept by one person, who brings it out to play with occasionally? Unlike most others, Peng Xiaojia would choose the latter destiny for his favorite ...

UBS Ascends G-3 Bond Ranks on Contacts With Rich: China Credit
UBS AG (UBSN) used contacts with China's richest people to help it climb into the top-five arrangers of G-3 bonds in Asia for the first time since 2011. The Swiss lender, which runs the Asia-Pacific region's second-largest private bank, has jumped five ...

Hong Kong Short Selling Turnover Recorded 03/28/2013
Apple's Application to Trademark `iPad Mini' Denied. Hong Kong Short Selling Turnover Recorded 03/28/2013. 2013-03-28T04:45:08Z. Hong Kong, 03/28/2013 (Bloomberg) - Short selling was recorded on the Main Board of the Hong Kong Stock Exchange ...


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