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China News 08/2013 (Page 3)



Passenger-Car Sales Pick Up Pace in China Even as Economy Slows
Potential customers in a Beijing showroom in May; car sales in China are forecast to grow this year at the fastest pace since 2010. Agence France-Presse/Getty Images. SHANGHAI—China's passenger-car sales picked up pace in July, signaling healthy ...

New Data Suggest a Pause in China's Slowdown
HONG KONG — China's economy faces major structural challenges in the coming years, but for now, the slowdown of the recent past may have bottomed out. A new batch of economic data released Friday provided additional signs of buoyancy in an ...

After nine years, Tesco gives up on cracking China alone
By Denny Thomas, Donny Kwok and Neil Maidment. HONG KONG/LONDON | Fri Aug 9, 2013 10:47am EDT. HONG KONG/LONDON (Reuters) - After nine years in China, British supermarket firm Tesco is to fold its unprofitable operation into a state-run ...

Data Suggest China's Economy Stabilizing
BEIJING—China showed more signs of economic resilience in July, suggesting that fears of a major deterioration could ease. But economists were cautious about whether the fresh signs of strength, which have emerged after two quarters of sluggish ...

China's Credit Expansion Slows as Li Curbs Shadow Banking
China's broadest measure of new credit fell to a 21-month low as Premier Li Keqiang extended a campaign to curb a record expansion of lending that's added dangers to the nation's financial system. Aggregate financing was 808.8 billion yuan ($132 ...

China Finds Abuses Nearing $1 Billion in Affordable Housing Push
A Chinese audit concluded that about 5.8 billion yuan ($947 million) was misappropriated from an affordable-housing program that Premier Li Keqiang said would provide a test of the government's credibility. Funds from 360 projects were diverted to pay ...

China Factories Turn to Undocumented Labor as Local Wages Jump
China's embrace of higher wages to help bolster consumer spending has sparked a jump in factories along the east-coast export corridor bringing in undocumented and lower-paid workers from Myanmar and Vietnam. Border police found 59 illegal ...

Amid attacks by Chinese government and media, foreign companies get mixed ...
Amid attacks by Chinese government and media, foreign companies get mixed ...

Taiwan not likely to dig China's plan for $80B tunnel connection, say experts
China's latest plan to link the mainland to Taiwan, either by bridge or via a tunnel that would be triple the size of the one under the English Channel, is sure to heighten long-simmering tensions between the two countries. China, which has always ...

Bodies of 3 Chinese Workers Found in a Kabul Apartment
KABUL, Afghanistan — Three Chinese workers were found dead under mysterious circumstances in an apartment in central Kabul on Friday, officials said, prompting the Chinese Embassy to urge the Afghan government to investigate to determine whether its ...

China Builds All in Changsha Rail to Top-Tower Projects
Yang Feng takes a drink from his water bottle as he rests in the shade of a tree near the foot of the Poly International Plaza building where he's installing lights on the roof of the $653-million real estate development in the central Chinese city of ...

China Must Address Migrants' Needs in Urbanization, Advisers Say
China must address the needs and concerns of the hundreds of millions of rural migrants that the government wants to turn into urban residents, government advisers and planners said today. “Urbanization isn't only about changing people's residency, ...

In China, Despite Dozens Of Rivals, US & German Car Makes Dominate The Road
A man walks past electric car equipped with solar panels made by Roewe, a brand of China's largest automaker SAIC. SAIC and other Chinese car makers are expanding aggressively, buying out foreign automakers, acquiring technology and setting up ...

10 Things That Could Go Horribly Wrong In China
The world has watched in awe for three decades as China emerged from obscurity to become the second largest economy in the world. However, an economy that is so large and growing so quickly is inherently fragile. The tiniest catalyst could trigger wars ...

Four female Chinese directors to watch
BEIJING — Eva Jin isn't the only female director making waves in China. This year alone, Zhao Wei's "So Young" made nearly $115 million and Xue Xiaolu's "Finding Mr. Right" took in $85 million. Shaoyi Sun, a professor of film and TV at Shanghai ...

China Tries to Teach Its Tourists Manners
America reinforced its reputation as the world's worst tourists earlier this week when a Yank knocked the finger off of a 14th century statue in Florence, Italy. But China has been deemed the world's second worst tourists according to the Living Social ...

Apple Loses China Smartphone Market Share to Cheaper Models
Apple Inc. (AAPL)'s share of China's smartphone market was cut by almost half in the second quarter as consumers opted for lower-priced handsets from domestic suppliers such as Xiaomi Corp. The Cupertino, California-based company's smartphone ...

China Investigates Sanofi on Bribery Accusations
BEIJING—Beijing authorities are investigating French drug maker Sanofi SA after a local media report alleging bribery by the company. China's official Xinhua news agency said Saturday that authorities are investigating the possible bribery of doctors ...

Bo Xilai's wealth on trial in China
BEIJING — It could be China's most politically charged courtroom drama since the "Gang of Four" including Mao's wife stood trial in 1980 for orchestrating the Cultural Revolution. Politics — and murder — are in the picture, but they will form part ...

Shanda Leads Slump as Earnings Fuel Valuations: China Overnight
Shanda Games Ltd. (GAME:US) and Youku Tudou (YOKU:US) Inc. led declines in Chinese stocks traded in New York last week after a rally led by Internet companies pushed valuations to the highest in a month. The Bloomberg China-US Equity Index of the ...

Monster Zombie Spider to Crush Super Mario's China Dreams: Tech
He's pudgy, middle aged and wears dungarees. So what makes investors believe Nintendo Co.'s Super Mario can take on Tencent Holdings Ltd.'s giant, undead spider Vilemaw in his Chinese lair? Nintendo shares have risen 36 percent since state-run ...

Beijing Plates Harder to Win Than Roulette Spur Loopholes: Cars
Raising the money was once the big obstacle to auto ownership in China. Now it's getting the right license plates. To ease congestion in the biggest cities, officials are trying to cap the number of vehicles. In Beijing, residents have a better chance ...

Tea-Maker's Woes Signal China Funding Deficit for Entrepreneurs
Dai Jinlian has created more than 200 jobs for villagers picking tea leaves in China's Zhejiang province since 2008. That wasn't enough to qualify her for a loan from the nation's state-controlled banking system. The 65-year-old grandmother, who was ...

China Urbanization to Hit Roadblocks Amid Local Opposition (2)
China's plan to encourage hundreds of millions of rural residents to settle in cities to boost growth faces opposition from local governments, according to Li Tie, an official with the nation's top economic planning agency. Officials, researchers and ...

Hong Kong, China shares rise on solid econ data; coal, cement strong
Mon Aug 12, 2013 10:26am IST. * HSI +1.7 pct, H-shares +2.4 pct, CSI300 +1.7 pct. * China data helps lift traditional cyclicals. * Gains come in improved turnover as bearish bets trimmed. * Tencent adds to 2013 rise ahead of Wednesday earnings. By ...

Fears of Tainted Food Push More Chinese to Shop Online
BEIJING — Chinese consumers are responding to a powerful new marketing tactic that plays to a widespread fear of food contamination: the promise of safe groceries sold online. With pledges to supply produce directly from the farm, vendors have found ...

Meet China's New Corruption Busters
Move over, mistresses. Corrupt officials in China have another reason to be afraid: reporters with Weibo accounts. Last week Liu Tienan, former deputy head of China's top economic planning body, was expelled from the Communist Party and removed from ...

Signs of Resilience in China Labor Market Reduce Stimulus Chances
BEIJING—China's labor market is showing signs of resilience, adding to evidence of a stabilizing economy and reducing the chances of a major stimulus effort. The number of new job opportunities posted in July on Zhaopin.com—one of the country's ...

Slain businessman Neil Heywood's family seeks damages in China murder case
BEIJING -- The survivors of a British businessman poisoned to death in the most sensational murder case in China in years have been trying to collect more than $1.6 million in civil damages, according to lawyers familiar with his case. Neil Heywood, 41 ...

China fines five jewellers $1.7 mln for fixing prices-media
BEIJING | Mon Aug 12, 2013 7:53am EDT. BEIJING Aug 12 (Reuters) - China has fined five domestic jewellers 10.1 million yuan ($1.7 million) for fixing their prices, state media said on Monday, the second time in less than a week that authorities ...


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