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China News 12/2013 (Page 8)



China Credit Market Tensions Stoke Wider Concerns
For the second time in six months, a shortage of cash in one corner of China's banking industry has stirred anxiety in financial markets. Though tensions eased somewhat Tuesday after China's central bank provided billions of dollars in short-term ...

China pastor's supporters beaten on Christmas Eve
BEIJING (AP) — A group of rights lawyers and churchgoers supporting a jailed Chinese Christian pastor were attacked by hired thugs on Christmas Eve at his house in central China, his wife and a lawyer said. Wang Fengrui, his wife, said dozens of thugs ...

Report Faults Increase in China's Local Government Debt
SHANGHAI — China's local government debt has reached an “alarming level” and poses a significant risk to the country's fast-growing economy, according to a Chinese government think tank. Related. China's Central Bank Eases Fears of Credit Crisis ...

China Says No Change to Farmland, Food Security Goals
BEIJING — China will stick with policies to maintain food self-sufficiency and protect farmland from urban encroachment, dampening speculation that new reforms would give the market a bigger say in food supply and rural development. A meeting of the ...

Lung cancer: A cloud on China's polluted horizon
BEIJING — The youngest known lung cancer patient in eastern China is an 8-year-old girl whose home is next to a dust-choked road in heavily industrialized Jiangsu province. Another patient was a 14-year-old girl from Shanghai, the daughter of two ...

The Grinch Who Stole China's Christmas
A Santa Claus statue imitating Marilyn Monroe's famous pose outside a department store... Read More. A Santa Claus statue imitating Marilyn Monroe's famous pose outside a department store in Taiyuan, China, on Dec. 17, 2013. Photograph by AP Photo ...

Retirement Delayed in China as Leaders Confront Workforce Drop
An elderly couple at a retirement community on the outskirts of Shanghai, China. Photographer: Qilai Shen/Bloomberg. China plans to raise the retirement age for the first time since the 1950s, as policy makers confront the prospect of a shrinking ...

China unveils anti-graft plans, focus on protests, reforms
BEIJING (Reuters) - China's ruling Communist Party unveiled on Wednesday a five-year plan to fight pervasive graft, with particular attention on corruption that triggers protests or happens in the course of economic reforms. President Xi Jinping has ...

China Observes Mao's Birthday With Mixed Feelings
China on Thursday observes the 120th anniversary of the birth of Mao Zedong, who enjoys a mixed legacy in the country whose government he founded and led for nearly three decades. Since his death in 1976, the official government position has been to ...

China struggling to meet 2011-2015 environment goals
BEIJING Dec 25 (Reuters) - China is struggling to meet its 2011-2015 targets to reduce pollution, cut greenhouse gas growth and introduce cleaner sources of energy, a report submitted to the country's parliament said on Wednesday. The report, which ...

China to Strengthen Infant Formula Regulations
BEIJING—China's food and drug watchdog is strengthening quality standards for domestic infant formula makers in an effort to rebuild consumer trust in a lucrative yet scandal-plagued industry. China's State Food and Drug Administration said on ...

China Must Purge Mao's Ghost
NEW YORK — Thursday marks the 120th birthday of Mao Zedong, founding father of the People's Republic of China, but the leadership's celebrations of his legacy are an alarming reminder that China has a long way to go before it can join the league of ...

Turning coal into gas: A solution for China's smog?
China's Production of Synthetic Natural Gas Has Global Implications. In its latest Medium-Term Coal Market Report the International Energy Agency (IEA) forecasts a slowing of coal demand growth but no retreat in its global use. That won't surprise ...

China Estimates 2013 Economic Growth to Beat Target, Xinhua Says
China's economic growth this year is likely to come in at 7.6 percent, above the government's 7.5 percent target, Xinhua News Agency said, citing a report by the State Council, or the cabinet. The government gave the estimate in a mid-term evaluation ...

In China, nothing says Merry Christmas like ... an apple?
BEIJING -- Christmas may not be an official day off in China -- banks, offices and schools are open as normal. But with the holiday becoming a bigger and bigger event here, millions were finding ways -- some a bit offbeat, others downright traditional ...

In a Beijing suburb, an unorthodox architectural tribute
You see some odd things in China; just last week I came across a Buddhist monk paying his prayerful respects to a statue of Mao Zedong in the former Chinese leader's hometown. But that's another story. Skip to next paragraph. Related stories ...

China Estimates 2013 Growth at 7.6% as Challenges Seen Ahead (1)
Commercial and residential buildings stand illuminated at night in the Luohu district of Shenzhen, China. China's GDP reversed a two-quarter growth slowdown in the July-September period, as Premier Li Keqiang spurred factory output and investment in ...

Shanghai Warns Children to Stay Indoors on Haze, PM2.5 Surge (2)
A girl runs at The Bund as heavy smog engulfs the city in Shanghai on Dec. 25, 2013. Source: ChinaFotoPress/Getty Images. Shanghai warned children and the elderly to stay indoors as smog enveloped China's commercial hub, sending levels of the worst ...

Police Find Tunnel Under China-Hong Kong Border
A soldier checks an underground tunnel leading to Hong Kong from Shenzhen, in China's Guangdong province, on Dec. 24, 2013 . Agence France-Presse/Getty Images. HONG KONG—Chinese authorities this week discovered a narrow concrete tunnel built ...

China celebrates Mao's birthday, but events scaled back
BEIJING (Reuters) - China celebrated the 120th birthday of Mao Zedong, the founder of modern China, on Thursday, but with scaled-back festivities as President Xi Jinping embarks on broad economic reforms which have unsettled leftists. Mao has become a ...

Japan PM's visit to controversial war shrine draws protest from China, South Korea
Representatives of China and South Korea condemned Japanese Prime Minister Shinzo Abe's visit to a shrine honoring Japan's war dead Thursday, while the U.S. Embassy in Tokyo said it was "disappointed" in the leader's action. Abe's visit to the Yasukuni ...

China's Growth Is Projected at 7.6% for 2013
SHANGHAI — China's economic growth is likely to come in at 7.6 percent this year, according to a cabinet report cited by Xinhua, the state-run news agency. The figure is between the government's target of 7.5 percent and the 7.7 percent recorded last ...

UPDATE 2-China celebrates Mao's birthday, but events scaled back
... Print. * Communist Party's elite visit Mao mausoleum. * Xi Jinping lauds Mao but says he made mistakes. * Number of events marking anniversary scaled back. * Reformists and leftists differ on Mao's legacy (Adds comment from Xi). By Ben Blanchard ...

Xi Reply to Abe Shrine Visit Looms as Test for China-Japan Ties
Chinese President Xi Jinping's reaction to Japanese Prime Minister Shinzo Abe's visit to a shrine that honors wartime leaders will determine whether Asia's top two economies come closer to a hostile incident. Xi's options after Abe's appearance ...

Alibaba Unit Enters China Wireless Industry in Market Opening
An Alibaba Group unit and 10 other companies will compete for subscribers after regulators awarded new operating licenses, a step toward opening the world's largest mobile market. Alibaba's HiChina unit, which offers website development services, and ...

China's lonely parents tell of loss of only children as family holiday nears
HONG KONG (Reuters) - Chinese travel far and wide to join their families for the Lunar New Year holiday, but for 60-year-old Xie, whose only child died seven years ago, China's biggest holiday is a reminder that she faces old age with little in the way ...

China's BeiDou satellite system expected to achieve global coverage by 2020
.... • BDS' general performance is expected to be improved by one to two times from the current level. • China launched the first BDS satellite in 2000. BEIJING, Dec. 27 (Xinhua) -- China will launch upgraded satellites and expand its regional BeiDou ...

China Program Aimed at Boosting Protection for Small Stock Investors
BEIJING—China unveiled a broad program aimed at boosting protection for small stock investors, a group that in recent years has been broadly skeptical of the nation's turbulent equity markets. China's State Council, or cabinet, Friday said it would ...

UPDATE 2-GM recalls 1.5 mln cars in China over fuel pump bracket
SHANGHAI Dec 27 (Reuters) - General Motors Co's China joint venture will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world's biggest autos market. Shanghai General Motors Co Ltd, GM's venture ...

China to Blacklist Health Firms Implicated in Bribery
BEIJING—China's health regulators are rolling out a corporate blacklist for drug and medical-device companies implicated in commercial bribery, a move aimed at stamping out corruption in the country's graft-ridden health-care sector. Beginning in ...


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