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China News 08/2013 (Page 9)



China Huishan Dairy Plans Up to US$1 Billion Hong Kong IPO
HONG KONG—China Huishan Dairy Holdings Co., which produces milk from cows imported from Australia, has received approval from the Hong Kong Stock Exchange for an up to US$1 billion initial public offering, said people with direct knowledge of the ...

China's Austerity Drive Takes a Bite Out of Dining Industry
While some luxury companies are seeing signs that China's austerity campaign may be losing momentum, restaurants are still taking a hit. Restaurant sales in China are still increasing, but growth rates are slowing, resulting in the industry's slowest ...

China to Launch Corruption Probe Into Former Senior Politician
A Hong Kong newspaper says China has decided to start a corruption investigation into retired politician Zhou Yongkang, who until last year was one of the country's elite leaders. The South China Morning Post on Friday said the decision to launch the ...

In Trial Account, Chinese Ex-Official Strays From Script
BEIJING — In secret remarks on the final session of his trial, Bo Xilai, the fallen Communist Party star, denied on Monday that he had tried to upset the party's selection of top leaders or grab extensive new powers for himself, according to a court ...

China Brokerage Firm Fined $85 Million Over 'Fat-Finger' Trades
A brokerage in Huaibei, China. ReutersA brokerage in Huaibei, China. Chinese regulators fined Everbright Securities $85 million on Friday over erroneous trades that prompted a 6 percent jump in Shanghai's main share index on Aug. 16. Updated, 8:19 a.m. ...

CNR Announces Groundbreaking Ceremony in Hengyang, Hunan Province on ...
CNR Announces Groundbreaking Ceremony in Hengyang, Hunan Province on ...

Girl, 4, crushed by bulldozer fuels outrage against land grabs in China
Hong Kong (CNN) -- The death of a four-year-old girl run over by a bulldozer in rural China has triggered outrage on Chinese social media, rekindling anger over the issue of forced evictions. The victim, named in reports as Hong Xiaorou, was struck by ...

SEC Is Shocked, Shocked by Business as Usual in China
According to a Bloomberg News report, the Securities and Exchange Commission is on the verge of figuring out how business is actually done in China. The key to this discovery is a spreadsheet that the SEC obtained from JPMorgan Chase & Co.. It includes ...

Pentagon analyzes potential China-India tensions
SHARECONNECT 27 TWEETCOMMENTEMAILMORE. The Pentagon's Office of Net Assessment is continuing its focus on China as one of the nation's primary future trouble spots, and it has commissioned two studies of Chinese relations and intentions, ...

China's Everbright Draws Record Penalty After Insider Trading
China's securities regulator imposed a record penalty on Everbright Securities Co. (601788) after finding the state-controlled broker engaged in insider trading as it roiled the nation's equity markets with errant trades two weeks ago. Fines and the ...

Chinese wary of US acting as 'policeman' in Syria
By Eric Baculinao and Le Li, NBC News. BEIJING – The looming threat of American air strikes in Syria has shone a light on pervasive Chinese fears that the United States will act alone and without international consensus in a key region of the world ...

Keeping up with China? Japan to expand diplomatic presence worldwide
For well over a year, rising tensions between Japan and China have centered on their rival claims to a group of islands in the East China Sea known as the the Senkakus in Japan and the Diaoyu in China. Skip to next paragraph. Related stories ...

Audit gives China green light to process U.S. chicken
U.S. officials have given the thumbs-up to four Chinese poultry plants, paving the way for the country to send processed chicken to American markets, according to audit reports obtained by POLITICO. The audit reports expected to be made public Friday ...

Drinking with China's lonely tycoons
John Osburg was an anthropology graduate student with no Mandarin language skills when he had an ambitious idea for a way to look at the rising power of China: to spend time behind the scenes with the country's nouveau riche. He began studying the ...

In Document, Fallen Chinese Official Says He Was Obeying Orders
BEIJING — Bo Xilai, the fallen Communist Party official, said in secret testimony during his recent trial that he was obeying orders from a powerful party agency in charge of security when he took steps to cover up the flight of his police chief to an ...

China to the mon
The Xinhua News Agency reported Wednesday that China plans to send an unmanned rover to the Moon's surface by the end of this year. If successful, the mission will mark a major step forward for that nation, solidifying its status as an important player ...

Xinhua Insight: Top companies should adapt to slower growth: experts
KUNMING, Aug. 31 (Xinhua) -- Experts believe large Chinese enterprises must adapt to slower economic growth after new data revealed that the country's top 500 companies saw shrinking revenue growth last year. The 2013 edition of the Top 500 Chinese ...

Earthquake Kills 5 People in Southwest China
An earthquake hit a mountainous area of southwestern China on Saturday, killing at least five people, destroying hundreds of residences and forcing thousands of people to relocate, the government and state media said. The quake, which also injured 21 ...

China investigates head of supervisory commission
BEIJING (AP) — Authorities announced Sunday an investigation into the head of a commission that oversees the China's state-owned companies, in the country's latest high-profile corruption case. The Ministry of Supervision said in a brief statement ...


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