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China News 12/2013 (Page 3)



China's labor camps close, but human rights groups say grim detention ...
China's labor camps close, but human rights groups say grim detention ...

Heavy Pollution Plagues Shanghai
Part of the roof of a building was barely visible at Shanghai's People's Square on Friday as pollution levels in the city soared. Reuters. Hide Captions. 1 of 11. image. A man wore a face mask while walking on the Bund in front of the financial ...

China to probe use of foreign currency in trade finance
BEIJING (Reuters) - Chinese regulators will clamp down on banks' and companies' use of foreign currency for trade finance by ensuring that trade deals are authentic and by monitoring for unusual cross-border cash flows, state media reported. The report ...

China meets its own worst enemy
To achieve any ambitious goal, you have to want it badly enough to work and sacrifice. But there is such a thing as trying too hard. Overzealous pursuit of your heart's desire can end up chasing it away. The Chinese government may be learning that ...

As Japan and China clash, their diplomats see little chance to talk it out
TOKYO — Vice President Biden urged Japan and China last week to set up “effective channels of communication” to avoid a dangerous escalation in their increasingly fraught dispute over maritime territory. But the estrangement between the Asian powers ...

China Rubber Imports Surge to Record on Trade Finance, Arbitrage
China's imports of natural rubber surged to a record in November as traders boosted purchases to obtain cheaper financing and to benefit from higher local prices in the world's biggest consumer. Overseas shipments of natural rubber and latex rose to ...

S. Korea to Extend Air-Defense Zone in Reaction to China's Claim
South Korea will extend its air-defense identification zone to cover islands and an underwater rock, adding to regional tensions that have escalated since China last month declared control over airspace claimed by neighbors. The nation's ADIZ will ...

China to Tighten Supervision of Trade Financing
BEIJING--China has said it will tighten the supervision of cross-border financing, as it seeks to enforce capital controls and stamp out illegal "hot money" flows. Banks and companies will be subject to increased scrutiny of their trade financing and ...

China Issues Rules to Pave Way for Deposit-Certificate Trading
China issued rules for trading of certificates of deposit on the interbank market, a step toward loosening control over interest rates as the government pares its role in the world's second-largest economy. Markets will determine the certificates ...

China's 'Ghost Cities' Have Nothing On The 'Ghost Country' That Is The US
China's rise as an economic powerhouse is one of the happiest stories of modern times. Though its citizens once struggled in horrific ways under the brutal thumb of a totalitarian government, now its people are increasingly enjoying the fruits of ...

China Trade Surplus Hits Four-Year High as Exports Rise
China's trade surplus widened last month to the largest in more than four years as exports exceeded estimates, in a sign global demand is helping sustain a recovery in the world's second-biggest economy. The surplus of $33.8 billion was the biggest ...

SouFun Leads Shares to 2-Year High on Growth: China Overnight
Chinese stocks trading in the U.S. rose to a two-year high on prospects economic data due this week will signal the nation's recovery is sustaining momentum. The Bloomberg China-US Equity Index of the most-traded Chinese shares in New York added 0.4 ...

UPDATE 2-S.Korea expands air defence zone to partially overlap China's
(Adds State Department comment). By Jack Kim and Jane Chung. SEOUL Dec 8 (Reuters) - South Korea said on Sunday it has extended its air defence zone to partially overlap with a similar zone declared by China two weeks ago that has sharply raised ...

China's Newest City: We Call It "Detroit"
Detroit, broke with almost no prospects for recovery, is the fourth most popular U.S. destination for Chinese real estate investors. In fact, it was bad news—the city's July 18 bankruptcy filing—that triggered renewed interest. “While the bankruptcy ...

China says poorly prepared to fight impact of climate change
BEIJING (Reuters) - China is poorly prepared to tackle the impact of climate change that presents a serious threat to the country, thanks to a lack of planning and public awareness, the government said on Monday. The world's most populous country ...

China Zenix Auto International Announces the Establishment of a Special ...
China Zenix Auto International Announces the Establishment of a Special ...

Emerging-Market Stocks Rise on China Exports, Natural Gas Climbs
Dec. 9 (Bloomberg) -- Emerging-market stocks rose the most in three weeks after China's better-than-estimated exports bolstered optimism in the global economic recovery. U.S. equity- index futures gained, Indian shares climbed to a record and natural ...

Kenya to Offer 31 Coal Blocks After Pact With China's Fenxi (2)
Kenya, East Africa's biggest economy, plans to add 5,500 megawatts of electricity output to its grid in 40 months, almost 2,000 megawatts of that from coal, to help accelerate annual economic growth to more than 10 percent from a projected 5.5 percent ...

China to aid ailing shipbuilders with more subsidies
BEIJING (Reuters) - China is handing out new subsidies for buying ships to help its beleaguered shipbuilders, confounding a government pledge to reduce support for sectors with over-capacity in order to reform the economy. The central government will ...

China Adopts Board-Game Strategy to Blunt US Rebalance in Asia
The foreign policy strategy emerging from China's new leadership may include a series of incremental steps calibrated to blunt U.S. influence across Asia and sow doubt about America's commitment to its allies in the region. Potential next steps ...

China Tightened Foreign Reporter Restrictions in 2013, FCCC Says
The Foreign Correspondents Club of China reported “negative trends” for reporters in the country in the last year, including the government's refusal so far to renew visas for Bloomberg News and New York Times journalists. “We have found that the ...

Yuan's Ascent to 20-Year High Signals China Paring Intervention
The yuan climbed 0.15 percent to 6.0726 per dollar as of 10:04 a.m. in Shanghai, China Foreign Exchange Trade System prices show. Photographer: Tomohiro Ohsumi/Bloomberg. The Chinese yuan's surge to a 20-year high signals policy makers are ...

China's Economic Policy: Is Milton Friedman Replacing Chairman Mao?
Chinese Communist Party leaders, at their recent party meeting in Beijing, indicated that they planned to let market competition play a “decisive role” in the country's economy moving forward. Days later, recognizing the demographic time bomb the ...

Shanghai Tells Children to Stay Inside for Seventh Day on Smog
A man flies a kite at The Bund in Shanghai on Dec. 5, 2013. Source: ChinaFotoPress via Getty Images. Shanghai warned children and the elderly to stay indoors for at least a seventh day this month, intensifying pressure on local authorities to control ...

China Is Tied to Spying on European Diplomats
SAN FRANCISCO — Computer breaches at the foreign ministries of the Czech Republic, Portugal, Bulgaria, Latvia and Hungary have been traced to Chinese hackers. World Twitter Logo. Connect With Us on Twitter. Follow @nytimesworld for international ...

China's SOEs: Expect More Focus On Profitability
China's State-Owned Assets Supervision and Administration Commission (“SASAC”) will now begin focusing more on profitability, not sales, in evaluating the performance of the state-owned enterprises (“SOEs”) that it supervises. This shift will have many ...

China Ships Reforms to Sea
Beijing excited investors last month by vowing to give markets a “decisive” role in the Chinese economy. In the bloated shipbuilding sector, China's tide of state support seems too much to reverse. The Chinese government pushed out a new “cash for ...

UPDATE 1-China buys nearly a quarter of global germanium output
(Adds comment, detail). By Harpreet Bhal and Polly Yam. LONDON/HONG KONG Dec 10 (Reuters) - China has bought nearly a quarter of global production of germanium, which is used in fibre optics and semiconductors, in a move that is likely to prop up ...

China says it hopes for stability in North Korea
Newspapers reporting North Korea confirmed downfall of Jang Song Thaek, uncle of North Korean leader The Associated Press Newspapers reporting North Korea confirmed downfall of Jang Song Thaek, uncle of North Korean leader Kim Jong Un, are ...

Leadership Conference Opens with Mixed Signals on China Economy
The annual Central Economic Work Conference opened in Beijing on Dec. 10, about one month after top leaders announced ambitious reform plans for the Chinese economy. The meeting will review the state of the economy in 2013 and discuss economic ...


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