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China News 08/2013 (Page 7)



China Releases Video Testimony of Ousted Politician Bo's Wife
A Chinese court trying former Communist Party politician Bo Xilai has released video testimony of his wife in an attempt to bolster the claim that he knowingly accepted bribes. In the pre-recorded, 11-minute video, Gu Kailai said her husband was aware ...

Electric carmaker Tesla hits roadblock in China over trademark
By Norihiko Shirouzu and Samuel Shen. BEIJING/SHANGHAI | Fri Aug 23, 2013 6:44am EDT. BEIJING/SHANGHAI (Reuters) - Popular electric carmaker Tesla Motors Inc's (TSLA.O) plans to enter the world's biggest auto market have stalled after a ...

At China's big trial, Bo Xilai keeps up his counterattack
Jinan, China (CNN) -- Fallen Chinese Communist Party heavyweight Bo Xilai kept up his vigorous defense against corruption charges Friday in China's most politically sensitive trial in decades. Bo's glittering career, in which he drew admirers and ...

Apple's Falling China Share Vexes IPhone Case Makers
Apple Inc. (AAPL)'s falling market share in China is prompting thousands of local accessory makers to give more attention to products that fit mobile phones and tablet computers made by Samsung Electronics Co. (005930) and domestic rivals. A shift to ...

China Feels Emerging-Market Headwinds
The wind-down of an extraordinary period of monetary stimulus in the U.S. could cast a shadow over China's fragile growth, raising fears of renewed stress in financial markets and a hit to the budding recovery in exports. The flow of funds out of ...

China arrests activist who campaigned about leaders' wealth
By Sui-Lee Wee. BEIJING | Fri Aug 23, 2013 10:42am EDT. BEIJING (Reuters) - Police have arrested one of China's most prominent rights activists who has called for officials to disclose their wealth, his lawyer said on Friday, raising the stakes in the ...

China takes the show online for Bo trial
BEIJING (AFP) – The drama of China's Bo Xilai trial has millions glued to their screens as a court posts Twitter-like updates in what state media say is an unprecedented advance for transparency in the communist-ruled country. But while the Jinan ...

METALS-Copper closes higher on China demand growth prospects
Fri Aug 23, 2013 12:25pm EDT. * Shanghai copper stocks down 3.6 pct from a week ago. * Market still encouraged by China manufacturing rebound. * LME closed on Monday for a bank holiday. By Harpreet Bhal and Maytaal Angel. LONDON, Aug 23 ...

Chinese Transparency Advocate Is Arrested
SHANGHAI—Police in Beijing this week arrested a well-known campaigner for more government transparency, Xu Zhiyong, raising concerns authorities are stepping up efforts to squash calls on them to relinquish certain powers. Already in custody, Mr. Xu ...

Chinese Businessman Paid for Trips for Bo's Son, According to Testimony
BEIJING—A Chinese businessman provided for the living expenses of the son of fallen Chinese Communist Party star Bo Xilai while he studied abroad and lavished gifts and trips on him, according to testimony in a Chinese court on Friday, shining more ...

Bo Mocks Witness Account He Took Government Funds
Ousted Chinese politician Bo Xilai on Saturday mocked a former city official's testimony that he embezzled government funds with a phone call to his wife, denying the latest allegation in a politically charged trial that's laid bare tales of greed ...

Mystery African meat piques appetites during China trial
By John Ruwitch. JINAN, China | Sat Aug 24, 2013 2:12am EDT. JINAN, China (Reuters) - Testimony in the trial of fallen Chinese politician Bo Xilai has produced salacious details about the opulent and supposedly corrupt lifestyle of the family of the ...

Bo Blames Wife In Embezzling, Says He Had Affair
JINAN, China (AP) — Disgraced Chinese politician Bo Xilai told a court Saturday his wife stole government funds without his involvement and revealed how the couple became estranged after he had been unfaithful, offering a glimpse in his politically ...

Chinese journalist detained after openly accusing government official of ...
Chinese journalist detained after openly accusing government official of ...

CCTV Opens Up, If You Know the Lingo
China's state TV–one of the handful of Chinese media outlets allowed in the courtroom at the politically charged trial of disgraced senior official Bo Xilai–hasn't had much to say, or show, on the proceedings. Agence France-Presse/Getty Images: This ...

Microblogging Bo's trial hailed as historic transparency
JINAN, Aug. 24 (Xinhua) -- Media home and abroad have hailed the openness and transparency showed by real-time online broadcasts and updates from Bo Xilai's trial in an east China court. The public also generally believe that this showcases the ...

China's Bo admits 'shame', denies protecting wife
By John Ruwitch. JINAN, China | Sat Aug 24, 2013 9:34am EDT. JINAN, China (Reuters) - Ousted senior Chinese politician Bo Xilai admitted to shaming his country and poorly handling a defection attempt by his former police chief after he told Bo his wife ...

China's Bo denounces former police chief as vile liar
By John Ruwitch. JINAN, China | Sun Aug 25, 2013 4:37am EDT. JINAN, China (Reuters) - Ousted senior Chinese politician Bo Xilai angrily denounced his former police chief on Sunday on the fourth day of his trial, calling him a "vile character" who faked ...

Big spenders from China have outlet malls elated
Throngs of Chinese tourists swarmed Vacaville Premium Outlets on recent weekends, scooping up luxury handbags, designer sunglasses and American jeans. With prices that are often 50 percent cheaper than goods at home, the Chinese aren't shy about ...

China's Bo Says Former Aide an Unreliable Witness
Fallen Chinese politician Bo Xilai on Sunday sought to discredit his former top aide as a lying, unreliable witness as the ousted leader denied criminal responsibility in the country's messiest political scandal in decades. Courtroom revelations in the ...

UPDATE 1-Margins lift Sinopec profit after China allows price rise
Sun Aug 25, 2013 6:57am EDT. HONG KONG Aug 25 (Reuters) - Asia's largest refiner Sinopec Corp posted a 22 percent rise in second-quarter net profit, helped by better refining margins after China introduced measures to let domestic fuel prices follow ...

Australia's mining boom rolls on for Chinese entrepreneur in the outback
SYDNEY – Former Chinese commodities trader Jerry Ren, who is quietly building a mining empire in the Australian outback, scoffs at talk the resources boom is over. For him its just moved north. As some mining firms clock up billions of dollars in ...

China Construction Bank's Net Profit Rises
BEIJING—China Construction Bank Corp.'s first-half net profit rose 13% from a year earlier as a result of higher interest income and commissions, it said on Sunday. Net profit attributable to shareholder for the six months ended June 30 was 119.71 ...

Hidden Agenda: How China's Culture Of Corruption Threatens US Sovereignty
“Marry in haste, repent at leisure.” The old age accurately sums up what an epochal farce the United States has made of its “strategic partnership” with China. As recent reports of China's culture of corruption make clear, the Chinese and American ...

China's Bo lashes out at chief accuser at corruption trial
BEIJING — Purged Chinese Communist Party politician Bo Xilai lashed out at his chief accuser Sunday, conducting his own surprisingly strong cross-examination in the fourth day of Bo's corruption trial. The defendant's courtroom performance has turned ...

Wedding Gown in-a-Box Slump Risks Cutting IPOs: China Overnight
A 48 percent slump in LightInTheBox Holding Co. (LITB:US), the Chinese online discount retailer that sold shares in the U.S. this year, risks reducing the price for the nation's companies seeking to go public, IPOX Schuster LLC said. American ...

China Stocks Rise Most in Two Weeks on Economic Growth Optimism
China's stocks rose the most in two weeks on optimism that the nation's economy is stabilizing. Jiangxi Copper Co. gained 2.3 percent as commodity producers rallied. Citic Securities Co. (600030) and Haitong Securities Co. jumped more than 5 percent ...

China National Petroleum Corp. Executive Probed
BEIJING—A top Chinese oil executive has become the latest senior official to come under scrutiny by the nation's top antigraft agency, as Beijing faces pressure to crack down on official corruption. In a one-sentence statement, China's Ministry of ...

China Growth Can Sink Closer to 6% on Waning Job Needs: Economy
A worker cleans a window at an Apple Inc. store in Shanghai. The United Nations estimates that the working-age population in China, aged between 15 and 59, will shrink to 929 million by 2020 from 944 million in 2010. Photographer: Tomohiro Ohsumi/ ...

Milk Powder Companies Tune In to Chinese Social Media Reports
SHANGHAI — Global milk powder companies are scrutinizing Chinese social media reports as many as four times a day to gauge consumer reaction to a high-profile pricing investigation and food safety scare that threaten their squeaky-clean image in the ...


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