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China News 08/2013 (Page 4)



Image industry weds Korea cool to China's new rich
In this Tuesday, July 30, 2013 photo, Chen Jingjing, left, and The Associated Press In this Tuesday, July 30, 2013 photo, Chen Jingjing, left, and Yang Candi of Beijing, China, strike a pose at a wedding studio in southern Seoul, South Korea, during an ...

China's Consumers Show Growing Influence in Gold Market
BEIJING—Chinese buyers flocked to jewelry stores in the second quarter to send China's gold purchases to a new high, according to Chinese figures, demonstrating the growing market power of customers such as Zhu Di. The 45-year-old Ms. Zhu, who also ...

Jade Ring Bid at $2.6 Million as Chinese Seek Green Gems: Retail
Hong Kong jewelry collector Dennis Sun has been buying jade for three decades. Lately, it has been harder to snag the perfect piece as mainland Chinese buyers drive prices through the roof. At a Christie's auction in May, he watched a jadeite ring sell ...

Whither China Seen Discerned in Australia as RBA Sees Slowdown
From his Manhattan office, Steven Englander looks to commentary from policy makers and executives in Sydney, not Beijing, for the best take on China's economy. “They get a direct, immediate view of China demand for highly cyclical products and have an ...

China's city in the sky: just a fantasy?
Zhang Yue feels misunderstood. Skip to next paragraph. In Pictures Tallest towers. Related stories. How much do you know about China? Take our quiz. Focus 'Skyscraper curse' may portend a Chinese economic bust · Focus A Chinese passion for aiming ...

Beijing cracks down on bizarre apartment-top villa
SHARE 330 CONNECT 72 TWEET 39 COMMENTEMAILMORE. BEIJING (AP) — A medicine mogul spent six years building his own private mountain peak and luxury villa atop a high-rise apartment block in China's capital, earning the unofficial title of "most ...

China issues new judicial guidelines
BEIJING, China (AFP) – China for the first time has issued guidelines aimed at preventing wrongful or unjust court judgements in response to high-profile judicial scandals, state media reported Tuesday. The guidelines were released by the Commission ...

China Plans Faster Capacity Cuts Even as Economic Growth Slows
China will push ahead with efforts to cull excess industrial capacity a year earlier than planned even as economic expansion slows, and will promote spending on information products to stabilize growth, an official said. The government will complete by ...

From Outsiders to Innkeepers in China's Sleepy Countryside
XIZHOU, China — Brian Linden welcomed the guests to his boutique hotel in one of its courtyards at the end of a cobblestone alley here, surrounded by old stone walls and polished wood balconies. He invited the group, from Greenwich, Conn., to peruse ...

Chinese Billionaire Huang Readies Iceland Bid on Power Shift
Chinese billionaire Huang Nubo is ready to put money into developing property in Iceland as the new government reviews investment laws that had blocked his previous bids. “If we get a positive reply from the government, we can start the groundwork,” ...

Where's Bo Xilai? Chinese wait – and wait – for scandal-laced trial to begin.
For nearly three weeks, China has been waiting for the curtain to go up on the final act of the country's most scandalous political drama since the Gang of Four were put on trial 40 years ago. Skip to next paragraph ...

China in a pickle over migration statistics
BEIJING (AFP) – Tracking the flows of China's 263 million migrant workers is a huge challenge, but officials have found the answer in packs of pickled root vegetables. Zhacai, made from parts of a mustard plant variety, is a cheap and popular dish ...

Japan Exports To China At 4-Year Low
TOKYO—Japan's exports to China in the first half of the year fell to their lowest level in four years, as slowing infrastructure investments added to the continuing diplomatic tensions between the two countries, a government affiliate said Wednesday ...

UPDATE 3-China to launch fresh pharmaceutical bribery probe - Xinhua
Wed Aug 14, 2013 9:38am EDT. * Pricing of items may be in violation of anti-monopoly law. * Coincides with multiple probes of Chinese business. * Novartis coinfirms opens internal investigation. By Kazunori Takada. SHANGHAI, Aug 14 (Reuters) - China is ...

UPDATE 1-China approves first floating terminal for LNG imports
Wed Aug 14, 2013 7:38am EDT. (Adds details, background). BEIJING Aug 14 (Reuters) - China National Offshore Oil Corp (CNOOC) said it had won final government approval to build China's first floating terminal for liquefied natural gas (LNG), a type of ...

Typhoon lands in China after Hong Kong shuts down
A typhoon has slammed Hong Kong, cancelling flights and leaving one person injured. hongkong. A man looks at the dark clouds caused by Typhoon Utor over the city's skyline in Hong Kong on Wednesday. (Photo: By Philippe Lopez, AFP/Getty Images) ...

China Soon to Be World's Top Net Oil Importer
China is poised to surpass the U.S. as the world's largest net oil importer in October, according to new estimates from the U.S. Energy Information Administration. The growing oil thirst of the world's second-largest economy carries significant ...

Wedding, Gangnam Style: S. Korea attracts affluent Chinese
SHARE 3 CONNECT 14 TWEETCOMMENTEMAILMORE. SEOUL, South Korea (AP) - Standing by a French chateau's window, the young bride-to-be glows in the afternoon sun as she gazes into her fiancé's eyes. This Chinese couple's fairytale moment, ...

Rough seas forecast for China's fast-growing cruise industry
By Brian Yap. HONG KONG | Thu Aug 15, 2013 12:07am EDT. HONG KONG Aug 15 (Reuters) - China has steamed into the cruise industry with new terminals - along with big plans for more facilities and a luxury ship - to bring more foreign tourists ashore and ...

China removes top judge in Bo Xilai-linked case
BEIJING (AFP) – The judge who presided over the trial of Wang Lijun, the former right-hand man of disgraced politician Bo Xilai, has been removed from his post, authorities said, stoking speculation over the significance of the move. Wang was the chief ...

Chinese Stocks Retreat Most in Two Weeks as Drugmakers Decline
China's stocks fell, dragging the benchmark index down the most in two weeks, as drugmakers slid amid the start of a corruption probe and automakers declined. Jiangsu Hengrui Medicine Co. (600276) and Beijing SL Pharmaceutical Co. sank more than 5 ...

China's Sun Art goes online to chase retail boom
By Donny Kwok. HONG KONG | Thu Aug 15, 2013 4:02am EDT. HONG KONG (Reuters) - China's biggest hypermarket chain Sun Art Retail Group Ltd (6808.HK) is taking on Wal-Mart Stores Inc (WMT.N) in the booming domestic e-commerce sector as it ...

China Shares End Down; Pharmaceutical, Auto Cos Lead Fall
SHANGHAI--China's shares finish lower Thursday, led by declines in pharmaceutical companies after Chinese regulators said they're increasing their scrutiny of foreign and domestic companies in industries from drugs to cars as part of a drive to push ...

China to phase out use of prisoners' organs for transplants
By Li Hui and Ben Blanchard. BEIJING | Thu Aug 15, 2013 8:28am EDT. BEIJING (Reuters) - China will start phasing out its decades-long practice of using the organs of executed prisoners for transplant operations from November, a senior official said on ...

China could target oil firms, telecoms, banks in price probes: report
By Kazunori Takada. BEIJING | Thu Aug 15, 2013 6:29am EDT. BEIJING (Reuters) - China's powerful price regulator could target the petroleum, telecommunications, banking and auto sectors next in its investigations into violations of the country's anti ...

China cracks down on critics
In recent weeks, Beijing has arrested more than a dozen activists associated with a prominent anticorruption campaign, the latest chapter in an ongoing crackdown against government dissidents and their families. What led up to the crackdown and what is ...

China Objects to Japan Shrine Visit
BEIJING — Officials in Beijing summoned the Japanese ambassador Thursday after members of Japan's Cabinet took part in a controversial annual ceremony memorializing Japan's war dead. China issued a strong complaint from its Foreign Ministry and ...

China adding millionaires at slowest rate in five years
Bad news for luxury brands: China isn't minting millionaires like it used to. The world's second-largest economy saw its millionaire population grow by 3% last year, down from 6.3% the year before, according to a new study by wealth researchers Hurun ...

Pesek's View From Asia
Good morning. Here's my take on some of the stories driving the debate in politics, finance and social issues across Asia today: As trading volumes in Shanghai surge, China's yuan is this year's best-performing emerging-markets currency. With all the ...

China's new economic zone fails to draw HK property tycoons
By Yimou Lee and Michelle Chen. HONG KONG | Fri Aug 16, 2013 5:07am EDT. HONG KONG (Reuters) - A much-hyped land auction in a developing free-trade zone in southern China failed to attract any of Hong Kong's powerful property developers, ...


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