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China News 12/2013 (Page 2)



UPDATE 1-China Rongsheng flags full-year loss as shipping slump takes toll
... Print. * Expects substantial loss. * Says result of conservative sales strategy. * Spokesman says no confirmed new orders for H2 2013. By Yimou Lee. HONG KONG, Dec 4 (Reuters) - China Rongsheng Heavy Industries Group, the country's largest private ...

Pingtan Marine Enterprise Closes Sale of Dredging Operating Subsidiary ...
Pingtan Marine Enterprise Closes Sale of Dredging Operating Subsidiary ...

RDA Microelectronics Responds to Certain Media Reports on the Pending ...
RDA Microelectronics Responds to Certain Media Reports on the Pending ...

Shanghai Students Again Top Global Test
Students work in groups at the Jingan Education College Affiliated School in Shanghai, one of Ryan Pyle for The New York Times Students work in groups at the Jingan Education College Affiliated School in Shanghai, one of the city's best educational ...

Baidu's Robin Li is Now the Richest Man in China
Robin Li, the man who beat Google (GOOG) in China, is now the country's richest person, according to the Bloomberg Billionaires Index. Li's net worth has increased $4.8 billion this year to over $12.2 billion, putting Li ahead of the former No. 1 ...

Biden arrives in China amid tensions over air defense zone
BEIJING -- Vice President Joseph Biden arrived Wednesday in Beijing, hoping to use his past acquaintance with President Xi Jinping to smooth over some major hitches in U.S.-China relations. Overshadowing their meeting has been the showdown over ...

China's airspace zone has caused apprehension: Biden
BEIJING (Reuters) - China's new air defense identification zone over the East China Sea has caused "significant" unease in the region, U.S. Vice President Joe Biden said on Thursday, adding he had stated Washington's firm objection to the move during ...

China state TV accuses foreign carmakers of price gouging
SHANGHAI (Reuters) - China's state television accused foreign carmakers of charging domestic customers more for repair costs than in other markets, singling out Audi, Subaru and Jaguar Land Rover Ltd in the latest of a series of programs targeting ...

China leaders to set policy, reform priorities for 2014
BEIJING Dec 5 (Reuters) - China's leaders are expected to gather at a closed-door meeting next week to set policy and reform priorities for 2014, sources with government think tanks said, following a party meeting that laid out a bold reform agenda for ...

A painful lesson in how not to deal with China
David Cameron could scarcely have crouched any lower during this week's visit to China. For his compatriots, the British prime minister's enthusiastic self-abasement was, well, embarrassing. It did not change anything. Before Mr Cameron had boarded his ...

Dark Skies: China's Controversial Air Zone Clouds Biden's Beijing Visit
Japanese Maritime Self-Defense Force plane flying over the disputed islets known as the Senkaku islands in Japan and Diaoyu islands in China, in the East China Sea, in 2011. Email · Print; Share. Facebook · Twitter · Tumblr · LinkedIn · StumbleUpon ...

China Bars Banks From Handling Bitcoins
Bitcoins suffered a new setback after China's central bank said Thursday its banks and payment systems are barred from handling the virtual currency. The central bank said bitcoins did not qualify as a currency but private individuals still are allowed ...

A Model of Prudence for China's Billionaires
In a rare media interview last week, Asia's richest man said property markets in Hong Kong and China both look overheated, and stressed the importance of financial prudence. “We need to be careful about debt, as if we are treading on thin ice,” Mr. Li ...

Why China's Not Gloating About Topping Global Test Results
As the world questions how well China's education system serves its students, those within the country are coming down with their own criticism as well. For the second time in a row, students from Shanghai scored No. 1 on a global education test ...

In China, Biden Warns Business Of Major Difficulties Ahead
Joe Biden tells Chinese business leaders that opening up the economy will not be an easy process. During a breakfast meeting on Thursday at the St. Regis in Beijing, the VP also said that the U.S. will continue to be a superpower in Asia-Pacific ...

China Chases Renewable Energy as Coast Chokes on Air
A man wears a mask while walking on a bridge during a hazy day in Shanghai's financial district of Pudong December 5, 2013. New figures in China show the country adding clean, renewable electricity generation faster than it is expanding capacity of ...

China Rongsheng ghost town reflects shipbuilder's struggle to survive
RUGAO, China/SINGAPORE Dec 6 (Reuters) - Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area's reliance on China Rongsheng Heavy Industries Group, the country's biggest private ...

China's Rejection of US Corn May Weigh on Prices
SHANGHAI—China's recent rejection of U.S. corn containing a genetically modified strain that hasn't been approved for import may herald reduced shipments of the grain from the world's largest exporter to the world's largest consumer. Any reduction of ...

Smog at Extremely Hazardous Levels in Shanghai
Shanghai authorities ordered schoolchildren indoors and halted all construction Friday as China's financial hub suffered one of its worst bouts of air pollution, bringing visibility down to a few dozen meters, delaying flights and obscuring the city's ...

In China, Mandela Is Claimed by Authorities and Dissidents Alike
The death of Nelson Mandela prompted widespread expressions of sympathy in China, an indication of how his many roles — campaigner in the fight against racial inequality, political prisoner, national leader and senior African statesman — appealed to ...

Biden Rejects China's Air Defense Zone, Reaffirms Asia Pivot
SEOUL — U.S. Vice President Joe Biden has rejected China's self-declared Air Defense Identification Zone in the East China Sea, saying it raises tensions in the region and the possibility of miscalculation. Biden made the comments while in South Korea ...

China Commercial Credit Initiates Website Blog
WUJIANG, CHINA--(Marketwired - Dec 6, 2013) - China Commercial Credit, Inc. (NASDAQ: CCCR), a microfinance company whose major business is providing microcredit loans and loan guarantees to small-to-medium enterprises (SMEs), farmers and ...

Girl's attack on toddler jolts China
BEIJING -- A videotaped assault of a toddler by an 11-year-old girl in a high rise in Chongqing has in recent days riveted Chinese, inviting comparisons to some of the world's most brutal child murders. The boy was snatched by the girl in the building ...

Harper's Great Wall of Canadian Energy Keeps Chinese Outside (1)
Canadian Prime Minister Stephen Harper said last Dec. 7 that state-owned companies will be banned from buying majority stakes in the oil sands outside of “exceptional circumstances.” Photographer: Stuart Davis/Bloomberg. Canadian Prime Minister ...

Aloft Hotels Makes Landmark Debut in Dalian, the "Hong Kong of the North"
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the debut of its sizzling Aloft(R) brand in Dalian, the financial center and leading port city of northeast China. Owned by Dalian Yifang Group Co., Ltd., which also owns The Castle ...

Kids ordered indoors as Shanghai smog reaches extremely hazardous levels
SHANGHAI – Shanghai authorities ordered schoolchildren indoors and halted all construction Friday as China's financial hub suffered one of its worst bouts of air pollution, bringing visibility down to a few dozen meters, delaying flights and obscuring ...

Baidu Stops Accepting Bitcoins After China Ban
Baidu Inc. (BIDU), China's biggest search engine, stopped accepting Bitcoins after the nation's central bank barred financial institutions from handling transactions, triggering a drop in the virtual currency. Bitcoin fell more than 20 percent and was ...

With Protests at Home, Ukraine's Leader Leaves China Without Aid Deal
Ukrainian President Viktor Yanukovich, left, and Chinese President Xi Jinping attend a signing ceremony Pool photo by Wang Zhao Ukrainian President Viktor Yanukovich, left, and Chinese President Xi Jinping attend a signing ceremony at the Great Hall of ...

China Offers Japan Talks on Air Zone Safety as Biden Meets Xi
(For more on the China air-zone dispute, see EXT5 <GO>.) Dec. 4 (Bloomberg) -- China offered Japan talks on the safety of aircraft in overlapping air defense zones after U.S. Vice President Joseph Biden urged Asia's top two economies to set up channels ...

Shanghai Air Pollution Improves as Some Flights Are Delayed (1)
Shanghai's air pollution dropped today as some flights were still disrupted after an air quality gauge reached “beyond index” level yesterday, causing a heavy fog. The PM2.5 index monitored by the U.S. consulate in the city fell by two categories to a ...


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