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China News 06/2013 (Page 8)



Why China's Economy May Be Heading for a Crash
China's central bank sent global markets reeling when it attempted tighten credit and rein in the country's shadow banking system. But the consequences of China's credit binge may just be getting started, and experts say there could be more pain to ...

China celebrates return of rare bronzes
BEIJING (AFP) – Chinese Internet users celebrated the return of two rare bronze animal heads looted by European powers more than a century ago, underlining continued popular demands to redress what state-approved history books call colonial ...

China's entrepreneurs brace for credit crunch
BEIJING (AP) — Like a boxer slimming down for a fight, Li Zhongjian is shrinking his 20-year-old business manufacturing cigarette lighters to brace for a credit crunch he sees looming over China's entrepreneurs. Li's workforce in the southeastern city ...

Obama sees no threat in China rivalry for Africa business
By Jeff Mason and Mark Felsenthal. PRETORIA | Sat Jun 29, 2013 11:16pm EDT. PRETORIA (Reuters) - The United States does not feel threatened by the growth of trade and investment in Africa by China and other emerging powers, U.S. President Barack ...

Gold Standard? China Doesn't Set It
As global gold prices on Friday recorded their worst quarter since the start of modern gold trading in 1974, industry experts in Shanghai were talking about China's efforts to have a say in global gold prices — and whether the efforts are having an ...

Philippine VP cancels China mercy mission
MANILA (AFP) – Vice-President Jejomar Binay said he had been forced to call off a proposed visit to China to save a Philippine woman from being executed for drug trafficking, after Beijing had declined to receive him. Binay said he could no longer ...

UCHC Completes Acquisition of 51% of Shaanxi Prosperous Agriculture
SHENZHEN, China, June 30, 2013 /PRNewswire/ -- Uni Core Holdings Corporation (OTC Bulletin Board: "UCHC"), a Hong Kong based holding company, announces today that its acquisition of 51% of Shaanxi Prosperous Agriculture Co., Ltd. ("SPA"), ...

Are Chinese Banks Safe ?
For years, Chinese banks were considered as safe as the Chinese economy, which was growing by leaps and bounds to become the world's second largest economy. But in the aftermath of the 2008-9 crisis a number of China observers, concerned about the ...

China Agrees to Asean Talks on Sea Spat Amid Philippine Warning
China agreed to talks with Southeast Asian nations on a set of rules to avoid conflict in the South China Sea, winning praise from diplomats even as the Philippines warned of increased “militarization” of the waters. Talks on a code of conduct between ...

Beijing Paying Closer Attention To China Banks
Chairman of the China Banking Regulatory Commission Shang Fulin says many banks are poorly managing risk in their lending portfolios. (Image credit: AFP/Getty Images via @daylife). Over the last seven days, China bank regulators and Central Bankers ...


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