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China News 08/2013 (Page 8)



China Prosecutors Push for Severe Bo Xilai Sentence
BEIJING — Chinese prosecutors wrapped up their case Monday in the trial of fallen political star Bo Xilai by urging the court to impose a severe punishment on the once heralded Communist Party chief of Chongqing. "Following an intense debate in court ...

Landmark Chinese copper deal with Afghanistan at risk
By Jessica Donati. KABUL | Mon Aug 26, 2013 8:29pm IST. KABUL Aug 26 (Reuters) - A consortium of Chinese investors has demanded a review of a landmark $3 billion deal to produce copper in Afghanistan, the Ministry of Mines said on Monday, putting at ...

China says economy steadying after long slowdown
SHARECONNECTTWEETCOMMENTEMAILMORE. BEIJING (AP) — China's government tried Monday to reassure companies and its public about the economy's health, saying growth is stabilizing after a lengthy decline and should hit the official target of ...

China August official PMI seen hitting three-month high
BEIJING | Tue Aug 27, 2013 3:19am EDT. BEIJING (Reuters) - China's factory activity in August may have expanded at the fastest pace in three months, a Reuters poll showed, adding to evidence that the world's second-largest economy may be stabilizing ...

China, India raise alumina sales to Iran after sanctions push others out
Tue Aug 27, 2013 6:47am EDT. * Iran imported 30,000 T of alumina from China over June, July. * India's NALCO awards alumina tender to Iran producer. * Shipments are smelter grade, not chemical grade - traders. * Unlikely to have military or nuclear ...

REFILE- UPDATE 1-China appliance makers flip the retail switch to survive
Tue Aug 27, 2013 8:19am EDT. * Manufacturers seek to boost margins by reducing reliance on middlemen. * Distributor Suning eyes banking as online competition intensifies. * China's home appliance market forecast to be worth $105 bln by 2015 - ...

UPDATE 1-China to hold key economic reform meeting in November
Tue Aug 27, 2013 6:13pm IST. BEIJING Aug 27 (Reuters) - China's Communist Party will hold a key meeting in November to discuss deepening reforms, the official Xinhua news agency said on Tuesday, as leaders look to set the country's economic agenda ...

China Expands Inquiry on Graft to Oil Executives
HONG KONG — The Chinese Communist Party's drive against corruption moved into the powerful and politically sensitive oil sector this week, as authorities announced that four executives of the state-owned China National Petroleum Corporation oration ...

Police in China Release Details in Private Sleuths' Arrest
SHANGHAI—Police charged a husband-and-wife team of investigators for allegedly trafficking in private records of Chinese individuals, raising new questions about what is fair game in China's corporate-intelligence industry. Briton Peter Humphrey, 57 ...

METALS-Copper steady, China offsets Fed tapering concerns
Tue Aug 27, 2013 10:53am EDT. * Emerging markets hit by tapering fears, Syrian escalation * China's economy on track for 7.5 pct growth - stats bureau By Maytaal Angel and Silvia Antonioli LONDON, Aug 27 (Reuters) - Copper was little changed on ...

EU says China guilty of giving illegal aid to solar industry
Tue Aug 27, 2013 12:21pm EDT. * EU-China dispute over solar panels is biggest trade row. * EU says Beijing handed out loans, gave unfair tax breaks. * Chinese companies deny receiving illegal subsidies. By Robin Emmott. BRUSSELS, Aug 27 (Reuters) ...

Macquarie Grabs Pizza the Action in China
Macquarie Group Ltd. has swallowed a slice of the Domino's Pizza franchise in China, gaining exposure to locals' growing appetite for fast food. Macquarie's principal investment unit bought a “significant minority share” of the franchise from Dash ...

China Widens Anti-Graft Drive as PetroChina Ousts Managers
China widened its anti-corruption campaign to include the nation's most valuable company, as PetroChina Co. (857) said four senior managers had been removed amid an investigation by authorities. The company's shares dived 4.4 percent in Hong Kong ...

ChinaCache to Participate in Nomura China Investor Forum 2013
BEIJING, Aug. 28, 2013 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced ...

Chinese coal price war to dampen coal imports
Wed Aug 28, 2013 5:01am EDT. * China domestic coal prices down 14 pct this year. * Jefferies sees prices falling further -analyst. * Coal stocks at 300 mln T, 11 pct higher than year ago. By Fayen Wong. SHANGHAI, Aug 28 (Reuters) - China's major coal ...

Chinese shoppers set to become world leaders online
By Paul Carsten. SHANGHAI | Wed Aug 28, 2013 7:14am EDT. SHANGHAI (Reuters) - China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy ...

China's Simcere to be taken private by founder
Wed Aug 28, 2013 8:09am EDT. (Reuters) - China's Simcere Pharmaceutical Group (SCR.N) has agreed to be taken private for about $495 million by a consortium led by founder Jinsheng Ren, joining a list of Chinese firms that are opting out of U.S. stock ...

Rape Trial Casts Attention on Offspring of China's Elite
HONG KONG — A gang-rape trial that opened in Beijing on Wednesday accompanied by a blaze of local media attention has become China's latest legal spectacle to cast attention on the lifestyles, and alleged misdeeds, of the political elite. World ...

EU Says Probe Finds Chinese Solar-Panel Makers Got Aid
The European Union said an investigation determined that Chinese solar-panel makers benefited from government subsidies, increasing the chance the EU will impose tariffs on imports from China of the renewable-energy technology. The probe opened last ...

Six Take-Aways for China From the Bo Xilai Trial
Bo Xilai looks up in a court room at Jinan Intermediate People's Court in Jinan, eastern China's Shandong province, on Aug. 26. With the five-day trial of once high-flying princeling Bo Xilai now over, some take-aways are in order. The trial closed ...

China Environmental Watchdog Suspends Approvals for New Refining Projects
(Recasts; adds interviews with Vehicle Emission Control Center director, National Resources Defense Council adviser, analyst; adds background.) By Wayne Ma. BEIJING--China's environmental watchdog on Thursday took the unusual step of halting new ...

Philippines says China withdraws invitation for President Aquino to visit ...
Philippines says China withdraws invitation for President Aquino to visit ...

New Billionaire Makes Money From Vietnam-China Cotton Gap
Hong Tianzhu, chairman of Texhong Textile Group Ltd., delivers a speech at the Textile Apparel Forum 2012 in Shanghai on Aug. 27, 2012. Source: Imaginechina. A textile maker's cost-cutting move to shift cotton production to Vietnam has ignited a ...

Butterfly Flow Control Devices Delivered to the South-North Water Diversion ...
Butterfly Flow Control Devices Delivered to the South-North Water Diversion ...

China's Banking Thriller Is Missing Pages
The most recent earnings for China's banks depict a financial system under rising but manageable strain. It's what investors can't see that should worry them more. The quarter to June showed nonperforming loans rising at many of China's banks. And ...

China Rejects Multilateral Intervention in South China Sea Disputes
BANDAR SERI BEGAWAN, Brunei—China's defense minister issued a blunt rebuke to Southeast Asian counterparts on Thursday, saying Beijing rejected any multilateral approach to resolving competing territorial claims in the South China Sea. Defense ...

Bo Xilai's trial ends, but victims unheard
The corruption trial of fallen Chinese politician Bo Xilai, which wrapped up this week, was full of soap operatic elements – unrequited love, mistresses, large sums of cash traded for political favors, and even Mr. Bo smacking his former police chief ...

China Minzhong Posts Profit Gain as It Prepares Glaucus Response
China Minzhong Food Corp. (MINZ), the vegetable processor whose accounts were questioned by short-seller Glaucus Research Group this week, said full-year profit rose 11 percent. Net income advanced to 755.1 million yuan ($123.4 million) in the 12 ...

Shipper Jinhui says China to weigh through 2013/14
Thu Aug 29, 2013 11:57am EDT. * Earnings plunge despite charter-rate pickup at end of Q2. * U.S., Europe improve but weak China to weigh on 2013-2014. * Daily charter rates remain below sustainable levels. By Ole Petter Skonnord. OSLO, Aug 29 ...

China sets course for lunar landing this year
(CNN) -- China set a bold new course in its ambitious space program Wednesday, when it announced plans to land its first probe on the moon by the end of the year. The country's State Administration of Science, Technology and Industry for National ...


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