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China News 09/2013 (Page 4)



Li Says China Economic Rebound Isn't Yet on Solid Foundation
Chinese Premier Li Keqiang said, “An important part of economic-system reform is financial reform.” Photographer: Tomohiro Ohsumi/Bloombergg. Chinese Premier Li Keqiang said the foundations of a growth rebound aren't solid while cautioning that ...

Chinese Developer Declared New Richest Tycoon
A billionaire Chinese real estate developer who bought one of the biggest U.S. cinema chains last year has emerged as the country's new richest tycoon. The Hurun Report, which follows China's wealthy, said Wednesday that a surge in stock prices helped ...

As the West Faltered, China's Growth Was Fueled by Debt
When completed, the New Century Global Center will be three times the size of the Pentagon and big enough to hold 20 Sydney Opera houses under its glass roof. A megaproject to rival Kubla Khan's mythic pleasure dome, it will be home to an indoor ...

China's Commodity Demand Seen by Goldman Rising Rest of Year
Commodity demand in China, the world's largest user of iron ore, copper and tin, will rebound through the end of the year as infrastructure projects gather pace and users restock, according to Goldman Sachs Group Inc. The key demand driver is ...

UPDATE 1-China Aug refined copper production rises, aluminium at record
Thu Sep 12, 2013 7:33am EDT. (Adds details, recasts). * August copper at 560,515 tonnes, up 4.9 pct on month. * August Aluminium at record 1.863 million tonnes. By Polly Yam. HONG KONG, Sept 12 (Reuters) - China's refined copper production rose 4.9 ...

China Tries Even Harder to Censor the Internet
Chinese officials probably don't care much about irony. The latest example came today in Beijing. At the same time China's Internet censors are intensifying a crackdown on bloggers and other online activity, delegates convened in the capital for a two ...

McLaren roars into China luxury auto market
SHANGHAI (AFP) – Britain's McLaren opened its first car dealership in mainland China on Thursday, hoping to sell the country's wealthy elite its Formula One-inspired vehicles for up to $2.1 million apiece. China has become crucial to luxury car makers ...

iPhone faces challenge in crowded Chinese market
An Apple employee, right, instructs a journalist on the use of the fingerprint scanner technology built into the company's iPhone 5S during a media event held in Beijing, China, Wednesday, Sept. 11, 2013. For the first time since introducing the device ...

China's Bottom Line: Slower GDP Growth, but With Steady Employment
“Though lower than the near double-digit rates seen in previous years, a growth in the neighborhood of 7.5 percent is still considered high for any major economy in the world,” said premier Li Keqiang in a September 11 speech given at the World ...

Hungry? China vending machine sells large hairy crabs
SHARE 3 CONNECT 31 TWEETCOMMENTEMAILMORE. BEIJING – There's not a lot you can't get out of a vending machine. Add large, hairy crabs to that list. A Chinese entrepreneur on Wednesday opened up a vending machine that dispenses the chilled ...

China's New Spin on a Turbo Tax
Like iPhones, cars are pricier in China because of higher taxes. Chinese consumers are complaining that the new iPhone 5C costs at least $184 more than in the U.S. Most of that difference is due to taxes. Cars face a bevy of levies, too, such as ...

China's Stocks Fall Most in Month, Led by Shippers, Banks
China's stocks fell the most in a month, led by shippers and banks, after UBS AG downgraded China Shipping Development Co. and investors speculated a three-week rally on the Shanghai free-trade zone's prospects was overdone. Shanghai Pudong ...

Nestle to Porsche Say Worst Over for China's Outlook: Economy
Global brands from Nestle SA (NESN) to Porsche AG said the worst has passed for China's economy as wage increases and consumption in cities in the country's interior drive sustained growth. China is “still an amazing opportunity,” Roland Decorvet, ...

Bayer Under Scrutiny in China
DALIAN—Germany's Bayer AG said it is being investigated by Chinese authorities, adding to the number of companies targeted in China's crackdown on the pharmaceutical industry. A representative of China's State Administration for Industry and Commerce, ...

China to Support Care for Elderly, Encourage Private Capital
BEIJING--China unveiled a program to boost care for the elderly, offering tax breaks and greater funding, as it tries to meet demand for services from an aging population. The State Council, or cabinet, said in a broad policy statement on the ...

Shanghai Free-Trade Zone Sparked Excitement but Is Short on Specifics
SHANGHAI—Enthusiasm over China's plans for a free-trade zone in Shanghai has reached fever-pitch levels, with stocks connected to the project rallying heavily, but officials are staying mum on details, and major stumbling blocks remain. Analysts say ...

Admiral: US submarine forces decline as China, Russia, Iran advance warfare ...
Admiral: US submarine forces decline as China, Russia, Iran advance warfare ...

Shanghai Trade Zone Said to Open This Month as Li Tackles Reform
An opening ceremony for a Shanghai free-trade zone to test economic reforms is planned for this month, with Chinese Premier Li Keqiang set to officiate, two people with knowledge of the matter said. The event may be on a day from Sept. 27 to 29 ...

China talks tough in war on smog
SHARECONNECTTWEETCOMMENTEMAILMORE. BEIJING – After years of complaints from foreign nations and its own citizens, the Chinese government says it plans to fight the acrid smog that fills many of China's cities where some days it is impossible to ...

Doubts Rise as China Touts Upturn
Recent China data have suggested a rebound in economic growth, but analysts are concerned how long it will last. Shuang Ding of Citibank tells Deborah Kan what measures the country must implement to support long-term growth. BEIJING—China's ...

China Hems In Private Sleuths Seeking Fraud
SHANGHAI — When Peter Humphrey and his wife, Yu Yingzheng, appeared on Chinese national television recently, handcuffed and wearing orange prison vests, it was the first time in more than a month that family and friends had seen the British-American ...

Asian Stocks Cap Biggest 2-Week Gain Since January 2012 on China
Asian stocks rose this week, sending the benchmark index to its biggest two-week climb since January 2012, after Tokyo was chosen to host the 2020 Olympics and as data showed China's economy is picking up. The rally reversed course yesterday ahead of ...

Fab 50 Failure: China's Construction Vendors Fall Off The Charts
It's not unusual for companies on the Forbes Asia Fab 50 List to fall off in performance from year to year. But few industries rode a bullet train into the abyss so rapidly as China's top publicly-traded makers of construction machinery. Sany Group ...

Mr Clean catches China's graft tigers by the tail
By John Ruwitch. SHANGHAI | Thu Sep 12, 2013 5:14pm EDT. SHANGHAI (Reuters) - Behind China's aggressive drive to root out corruption is Wang Qishan, a historian-turned-economist who once felt so bad about getting free parking that he reportedly sent ...

TABLE-China's August power consumption up 13.7 pct y/y
Sat Sep 14, 2013 3:58pm IST. BEIJING, Sept 14 (Reuters) - China's power consumption in August reached 510 billion kilowatt hours (kWh), the National Energy Administration (NEA) said on Saturday, up 13.7 percent from a year earlier, the fastest growth ...

US Official Urges Dialogues Over China Sea Dispute
BEIJING (AP) — A senior U.S. diplomat said Saturday that Washington hopes quiet diplomatic engagements between Japan and China can help keep peace and stability in the East China Sea, where the two Asian countries have a bitter dispute over the ...

China's education plan ... from Finland's playbook
If you think the business competition from China is hard now, brace yourself. It will likely get tougher in about 20 years or so. And how is China doing it? By borrowing a page from Finland. At first blush, though, it would appear that China is simply ...

Baby elephant weeps uncontrollably after mom tries to kill him
Poor baby. Little Zhuangzhuang, a newborn elephant at a wildlife refuge in China, was inconsolable after his mother rejected him and then tried to stomp him to death. Tears streamed down his gray trunk for five hours as zookeepers struggled to comfort ...

China's 7 million recent graduates compete in toughest job market ever
This story is part of Future Shock: Millennials in Crisis, a series looking at how young people around the world are grappling with the transition to adulthood in a challenging global economy. By Le Li, Producer, NBC News. BEIJING – Academic success ...

China Welcomes Russia-U.S. Framework Agreement on Syria: Wang
China welcomes a framework agreement signed by Russia and the U.S. to eliminate Syria's chemical weapons, Foreign Minister Wang Yi said today during a meeting in Beijing with his French counterpart Laurent Fabius. The agreement has relieved the ...


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