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China News 07/2013 (Page 5)



Glaxo used travel agencies for China bribes: police
By Michael Martina. BEIJING | Mon Jul 15, 2013 8:44am EDT. BEIJING (Reuters) - Chinese police on Monday accused British drugmaker GlaxoSmithKline of channeling bribes to Chinese officials and doctors through travel agencies to boost sales illegally ...

Relief greets China's 7.5 percent growth rate despite US retail sales ...
Relief greets China's 7.5 percent growth rate despite US retail sales ...

China revives Red Flag limo in display of ambition
The massive frame, bug-eyed headlights, huge retro front grille and scarlet glass hood ornament can mean only one thing: China's big and brash Red Flag limousine is back. The giant homegrown sedans were once among the most distinctive icons of the ...

China's economy is slowing. Here's the case for and against freaking out.
A man gestures as he watches stock activity at a stock exchange in Huaibei, China. (STR/AFP/Getty Images). China has just reported that its GDP growth rate, which measures how quickly the economy is growing, was just 7.5 percent for the second quarter ...

Taiwan military drill stages China attack scenario
TAIPEI (AFP) – Taiwan started a computerised military drill on Monday, set against an imagined scenario in which China invades the island in 2017. The five-day exercise is part of the island's biggest annual military manoeuvre which is this year ...

China Raises Target for 2015 Solar Power Capacity
BEIJING—China raised its 2015 target for solar-electricity capacity, giving a shot in the arm to solar companies that are struggling because of industry overcapacity, weaker global demand and overseas trade disputes. Installed capacity for solar ...

China Developers Fall as Easing Hopes Diminish: Shanghai Mover
Chinese property stocks fell after June data damped market expectations of a loosening in the government's real estate curbs and a media report saying a third Chinese city may introduce property-tax trials. The gauge tracking Shanghai-listed developers ...

Baidu to Pay $1.9 Billion for Chinese App Store Operator
HONG KONG — Baidu, China's biggest Internet search engine company, said on Tuesday that it had reached a preliminary $1.9 billion deal to acquire 91 Wireless, a major developer of app stores in China. The proposed acquisition would be the biggest yet ...

Four Drugmakers Face China Probes as Glaxo Woes Widen
STR/AFP via Getty Images. This picture taken on March 14 shows a Chinese policeman walking across a pile of fake medicines seized in Beijing in recent months, which were later destroyed. China is investigating at least four multinational drugmakers as ...

Tang Hui, Chinese mother who beat labor camp system, now plans US trip
A Chinese mother with a fighting spirit who yesterday defeated a powerful police and labor camp system through a court appeal now says she plans to visit the United States. Skip to next paragraph. Related stories ...

Exclusive: Smithfield's China bidders plan Hong Kong IPO after deal - sources
By Saeed Azhar and Stephen Aldred. SINGAPORE/HONG KONG | Tue Jul 16, 2013 6:47am EDT. SINGAPORE/HONG KONG (Reuters) - China's Shuanghui International Holdings, which has agreed to buy U.S. pork producer Smithfield Foods Inc. for $4.7 ...

For Drug Makers, China Becomes a Perilous Market
Global drug companies now employ more sales people in China than they do in the United States, their largest market. Several, including Merck and GlaxoSmithKline, are making huge scientific investments in the country, including building research and ...

China's Zhu Changhong Helps Steer Nation's Currency Reserves
BEIJING—At an official Chinese New Year's party earlier this year, a former bond trader named Zhu Changhong was hailed for the smart choices he made investing the world's largest stash of cash: China's $3.5 trillion in foreign reserves. [image] ...

China Detains a Leading Human Rights Advocate
HONG KONG — The police in Beijing have detained one of China's most prominent rights advocates, the latest in a succession of arrests that critics said showed the Communist Party's determination to silence campaigners who have challenged the party to ...

China's Stocks Retreat as Volatility Jumps to 3-Yr High
China's stocks fell for the first time in three days, led by liquor companies and brokerages, as a gauge of volatility in the benchmark index jumped to the highest level since December 2010. Kweichow Moutai Co. (600519), the biggest liquor company by ...

China blocks GSK finance head from leaving country
By Ben Hirschler. LONDON | Wed Jul 17, 2013 10:19am EDT. LONDON (Reuters) - Beijing is preventing GlaxoSmithKline's head of finance for China from leaving the country, as police accuse the British drugmaker of bribing officials and doctors, ...

Glaxo Probe Shows China Corruption Endemic Since Execution
Since the 1980s, China has modernized its hospitals, added a decade to life expectancy, halved infant mortality, and eliminated diseases such as polio. Now it aims to stamp out medical corruption. Efforts to clean up the nation's $350 billion health ...

EMERGING MARKETS-Brazil stocks up on China economic policy view
Wed Jul 17, 2013 11:34am EDT. * China's Li says government will act if economy slips too far * Mining firms, oil companies drive Bovespa higher * Brazil Bovespa up 1.35 pct, Mexico IPC up 0.52 pct SAO PAULO, July 17 (Reuters) - Brazilian stocks rose on ...

IMF warns of growing threats to China economy
(MoneyWatch) The International Monetary Fund today warned China that it must quickly enact critical reforms if it is to avoid further economic problems. The success or failure of these efforts will likely have a large impact on the U.S. economy. In a ...

China's Surprising Foreign Investment Spike
Even as China's economy continues to lose steam, with a 7.5 percent rise in GDP from April through June, the second consecutive quarter of slowing growth, a rare bit of good news: Foreign direct investment into China shot up 20.12 percent in June over ...

China's Richest Man Sees Economic Growth Slowing in Second Half
China's richest man Zong Qinghou said the nation's growth will slide further in the second half of the year and proposed cutting taxes and breaking up monopolies to drive an economic recovery. “People will only invest if there is prospect of making a ...

China Detains Activist Seeking Asset Disclosure, Lawyer Says
A Chinese human-rights lawyer who called on the government to release activists arrested for seeking asset disclosure has himself been detained, according to a colleague. Xu Zhiyong was detained yesterday on accusations that he brought together a crowd ...

Boozing expats ruin Shanghai art street
Every night is New Year's Eve in Shanghai's expat party district. Meanwhile, locals are throwing buckets of water on partiers. By Frances Cha 18 July, 2013. Tweet. More than a few people won't be amused by this toga party. Back in 2010, we reported on ...

Retiring US Envoy Faults Hong Kong and China on Snowden
HONG KONG — The American consul general here had some pointed words on Thursday for Hong Kong and the Chinese authorities, saying that their decision to let the former United States intelligence contractor Edward J. Snowden flee to Moscow last ...

Exclusive - Japan survey ships prepare for deployment, tension with China rises
By Aaron Sheldrick and Ben Blanchard. TOKYO/BEIJING | Thu Jul 18, 2013 9:01am EDT. TOKYO/BEIJING (Reuters) - Japan has ordered geological survey ships to prepare for possible deployment to the East China Sea after it detected Chinese drilling near ...

China Stumbles on Property-Tax Plan
SHANGHAI—China's efforts to deploy property taxes to tame the real-estate market have run into difficulties, showing the limits of a tool that supporters say could help stem rampant housing costs and official corruption. New housing data released on ...

Chinese Power Firm Defends Purchase of Coal Mines
BEIJING—An arm of one of China's biggest conglomerates is defending itself against a Chinese media report, which has hammered its share price, and a shareholder lawsuit related to the purchase of coal-mining assets. Power producer China Resources ...

China's Flying Propaganda Weapon Will Blow Your Mind
What's the latest weapon in the Chinese military's arsenal of high-tech killing machines? It might be an airplane capable of disseminating propaganda so powerful it induces nervous breakdowns, according to report in Tuesday's Global Times, a state ...

China Aims Solar-Panel Tariffs at US, South Korea
BEIJING—China on Thursday announced tariffs on imports of raw materials from the U.S. and South Korea used to make solar panels, in the latest volley in a global trade fight that has ensnared Beijing, Washington and the European Union. China's ...

China Takes Steps to Nurture Growth
China is preparing targeted moves to prevent a more severe economic downturn and support employment. Article; Comments. more in World | Find New $LINKTEXTFIND$ ». smaller; Larger. BEIJING—Some Chinese agencies are preparing targeted moves ...


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