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China News 11/2013 (Page 2)



Cotton Slumping as Glut Expands Record China Hoard
China is hoarding a record amount of cotton to aid farmers as global production exceeds demand for a fourth consecutive year, increasing the risk of a supply surge that would tip prices into a bear market. The biggest producer and user will have 12.7 ...

China's Central Banker Leads Push to Overhaul Economy
BEIJING—With mandatory retirement looming and little to lose politically, China's central banker, Zhou Xiaochuan, used a Communist Party session last November to vent about the lethargic pace of economic reform. The gray-haired governor of the People ...

China Needs 7.2% GDP Growth for Jobs, Says Premier
Thanks to the Workers' Daily, we now know a little bit more about how Chinese economic growth translates into jobs creation—or at least how top Chinese officials view that crucial equation. Speaking at a national congress for China's official trade ...

China Security Chief Makes Nighttime Visits to Urge Terror Fight
Police cars block off the roads leading into Tiananmen Square as smoke rises into the air after a vehicle crashed in front of Tiananmen Gate in Beijing on October 28. Photographer: STR/AFP via Getty Images. As China's top leaders prepared this week to ...

China Says Funding Key in Climate Change Talks
BEIJING — China said it is willing to take a flexible approach at global climate change talks scheduled for later this month in Poland. In the talks, representatives from 190 countries will seek to forge a new global climate change deal that will take ...

Beijing, Zhangjiakou bid for 2022 Winter Olympics
BEIJING (AP) — Beijing and the northern Chinese city of Zhangjiakou are bidding for the 2022 Winter Olympics. The Chinese Olympic Committee sent a formal nomination letter to the International Olympic Committee on Sunday and the bid is supported by ...

China's Oct commodities imports to rise on year on better economy
SHANGHAI (Reuters) - China's main commodities imports likely eased from record levels last month due to a week-long holiday in October, but shipments of crude oil, copper and iron ore are still expected to post strong annual growth as economic recovery ...

China cuts gas supply to industry as shortages hit
By David Stanway. BEIJING | Wed Nov 6, 2013 1:55am EST. BEIJING (Reuters) - China's top natural gas producers have begun to cut supplies to industrial consumers in a bid to make sure that homes and users of transport are not left short as demand surges ...

The uncomfortable truth in China's property market
By Xiaoyi Shao and Koh Gui Qing. BEIJING | Wed Nov 6, 2013 3:13am EST. BEIJING Nov 6 (Reuters) - In defying four years of official cooling efforts, China's soaring house prices reveal an uncomfortable truth: government is one of the biggest obstacles ...

China's Forbidden City built with giant 'sliding stones'
The Forbidden City, the palace once home to the emperors of China, was built by workers sliding giant stones for miles on slippery paths of wet ice, researchers have found. The emperors of China lived in the Forbidden City, located in the heart of ...

Aging Gracefully, China's Internet Heads to Launch Insurance Venture
When the two biggest names in the Chinese Internet sector get together to start an online insurance business, it can mean only one thing: China's heroes of online innovation are getting old. Reuters: Tencent Chairman and CEO Pony Ma. Speaking together ...

In Violent Hospitals, China's Doctors Can Become Patients
Several hundred doctors and nurses jammed the courtyard of the No. 1 People's Hospital in Wenling, a city with a population of about 1 million in Zhejiang province, a four-hour train ride south of Shanghai. They wore surgical masks to hide their ...

Everyone's Talking About China's '3rd Plenum' Meeting — An Expert Explains Why
All eyes are on the upcoming 3rd Plenum of the 18th Communist Party of China (CPC). Slated to take place between Nov. 9 to 12 in Beijing this is often a platform in which Chinese officials announce crucial reforms. We reached out to Bill Bishop, author ...

No, Smoggy Beijing Isn't Going to Get the Winter Olympics
Maybe Chinese government officials have suddenly developed a sense of irony. With Beijing now in the thick of the autumn/winter smog season, the Chinese Olympic Committee decided this would be a good time to announce that Beijing will bid for the 2022 ...

There Will Be a 'Beijing Security Moat' for the Plenum
As China prepares to hold a much-anticipated third party plenum in Beijing on Nov. 9-12, police, firemen, and other officials are raising security precautions to high alert, visiting subway and train stations, inspecting vehicle registrations, and ...

China Seen by Klapwijk Boosting Gold Reserves as Prices Drop
China may have bought 300 metric tons of gold in the first half of this year to diversify its foreign-exchange reserves, the world's largest, according to Philip Klapwijk of Precious Metals Insights Ltd. China hasn't announced any changes to state gold ...

Guangzhou Gives Hope to China's Long-Suffering Soccer Fans
The Brazilian player Elkeson celebrating after Guangzhou Evergrande scored its first goal against FC Seoul in Chung Sung-Jun/Getty Images The Brazilian player Elkeson celebrating after Guangzhou Evergrande scored its first goal against FC Seoul in the ...

China's Soviet-Style Suburbia Risks Environmental Disaster (1)
Cars and taxis drive past a residential development under construction, in the suburb of Meijiang near Tianjin on Oct. 16, 2013. Photographer: Kevin Hamlin/Bloomberg. Take away the haze of air pollution and Waterfront Corso Mansions near Tianjin might ...

China extends graft investigation into shipping industry
HONG KONG | Thu Nov 7, 2013 7:53am EST. HONG KONG (Reuters) - China's campaign to root out deep-seated corruption has now extended into the shipping industry, after the country's largest bulk shipper, China COSCO Holdings Co Ltd, said the ...

Trade Away This China Play
China wants ordinary Americans to bet on the mainland's stock markets. Yet the products on offer are a risky bet on the world's second-largest economy. For the first time,China is allowing exchange-traded funds that hold shares in Shanghai and Shenzhen ...

Singapore trade pact brings Taiwan out of China's economic shadow
Diplomatically isolated Taiwan signed a trade deal Thursday with its fifth biggest trade partner Singapore, its most significant pact to date and a signal that Taipei's rival China will let it expand a cramped economy through tie-ups with other ...

Xiangtian (USA) Air Power Announces Meeting with Binzhou City Officials
WASHINGTON, Nov. 7, 2013 /PRNewswire/ -- Xiangtian Air Power group met with the following Government officials and executives of Binzhou City, Shandong Province: Shandong Binzhou municipal party committee member and assistant to the mayor Geng ...

China Farmer Turns Yarn Baron as Villages Embrace Alibaba
Workers package yarn at Liu Yuguo's office in the development zone of Qinghe county, 370 kilometers (230 miles) from Beijing. Photographer: Tianyi Li/Alibaba Group Holding Ltd. via Bloomberg. Liu Yuguo opened his first online store six years ago, laden ...

China Exports Rise More Than Estimated After September Drop (3)
Cranes stand at the Yangshan Deep Water Port, part of China (Shanghai) Pilot Free Trade Zone's Yangshan free trade port area, at night in Shanghai. The importance of exports to the Chinese economy can't be ignored, Premier Li Keqiang said in October, ...

Could China's Farmers Become Landowners?
BEIJING— Wang Xunmei is proud of his small farm just outside Beijing, where he raises 145 sheep and two dozen wild boar and grows strawberries and rice in hothouses through the freezing north China winter. Enlarge Image. cat. Farmers harvest wheat ...

Soho China to Sell Three Shanghai Projects–Sources
SHANGHAI–Soho China Ltd. is selling three of its projects in Shanghai, according to people familiar with the matter, after a strategy shift last year dried up some of its cash. The commercial-property developer, run by husband and wife team Pan Shiyi ...

China's Leaders Meet to Map Out Economic Reform
BEIJING — China stands at a crucial crossroads with a slowing economy and increasing calls for social and economic reforms. At top-level meetings beginning Saturday, Chinese President Xi Jinping and Premier Li Keqiang are expected to outline a road ...

China's CIMC buys German fire-fighting truckmaker Ziegler
FRANKFURT Nov 8 (Reuters) - Cash-strapped German fire-fighting vehicles maker Albert Ziegler GmbH & Co has been sold to China International Marine Containers Group (CIMC) . Ziegler, which filed for insolvency in 2011, was bought for 55 million euros ...

China, US green spending falling far short, says Germany's IWR
FRANKFURT (Reuters) - Top emitters China and the United States are underspending on carbon-free technology relative to their level of emissions, according to a spending model devised by German research institute IWR. The private institute, which ...

China's Exports: Back on Track
China's exports are back on track. After a disappointing September, overseas shipments from China last month rose 5.6 percent, better than expected. The October growth compared with a decline of 0.3 percent in September and was well above the ...


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