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China News 01/2014



Taiwan President Ma Says Ending China Standoff Will Spur Growth
Taiwan's President Ma Ying-jeou said in a New Year's address the government needs to end its political stalemate with China to spur economic growth. In order for Taiwan to take its economy to the “next level,” the island would need a breakthrough in ...

China Manufacturing Gauge Declines Amid Risks for 2014
An employee places plastic spoons in Maggi powdered 'Mashed Potato' containers at the Nestle Dongguan Ltd. factory in Dongguan, Guangdong province, China. Photographer: Brent Lewin/Bloomberg. A Chinese manufacturing index slipped to a ...

Japan minister follows Abe to war shrine, pouring salt on wound for China
TOKYO (Reuters) - A Japanese cabinet member visited a shrine seen by critics as a symbol of Tokyo's wartime aggression on Wednesday, pouring salt on a fresh wound after Prime Minister Shinzo Abe's pilgrimage there last week drew sharp criticism from ...

Hong Kong Residents Demand 'Full Democracy' from China
Thousands of Hong Kong residents have joined an annual New Year's Day march to demand China allow them to elect their own leaders. Police estimated over 6,000 people set off on the march Wednesday from Victoria Park, but organizers said over 10,000 ...

A China debt crisis in 2014?
Here's something to watch in 2014: China's debt. Although the odds of a full-blown financial crisis are slim, they're not non-existent. The flash point is the burgeoning debt of Chinese localities to finance major infrastructure — roads, bridges ...

Factory Output Growth Eases in China
BEIJING — Growth in China's factories slowed slightly in December as export orders and output weakened, official data showed Wednesday, reinforcing the view that while the world's second-largest economy after the United States remains resilient, it ...

Stock Investors Position for China's Overhauls
The release of China's economic blueprint in November has prompted investors to home in on the stock sectors poised to benefit from the potential overhauls. Some analysts see health-care, technology, media, telecom and clean energy shares as some of ...

For Prostitutes Jailed in China, Forced Labor With No Recourse
BEIJING — Bathed in the fluorescent pink light that signaled she was ready for business, the woman rattled off the occupational hazards of working as a prostitute in China: abusive clients, the specter of H.I.V. and the scathing glares of neighbors ...

Wal-Mart recalls donkey product in China after fox meat scandal
SHANGHAI (Reuters) - Wal-Mart Stores Inc, the world's largest retailer, has recalled donkey meat sold at some outlets in China after tests showed the product contained the DNA of other animals, the U.S. company said. Wal-Mart will reimburse customers ...

Emerging Stocks Fall Most in Six Weeks on China
Emerging-market stocks fell the most in six weeks as reports showed Chinese manufacturing growth slowed and political tension escalated in Thailand. The Turkish lira touched a record low against the dollar. The MSCI Emerging Markets Index lost 1.1 ...

Stocks, S&P 500 Futures Drop as Italy Bonds, Metals Rise
Gold Tea pots and cups are displayed at the Gold Expo held in a department store in Tokyo. Gold Tea pots and cups are displayed at the Gold Expo held in a department store in Tokyo. Close. Close. Open. Photographer: Yuriko Nakao/Bloomberg. Gold Tea ...

China to Let Local Governments Offer New Bonds to Help Repay Debt
BEIJING—China's state planning agency says it will give local governments more leeway to issue bonds in order to repay maturing debt. Companies set up by local governments, often called local government financing vehicles, can issue new bonds to help ...

Why China's Property Sector Could Be Worthless, One Day
Some believe that China's property sector is a bubble ready to be burst, citing scores of empty construction structures built for the sake of stimulating economic growth. Others believe that there is no bubble in China's property sector, saying the ...

2014 China To See Consolidation For Web, Retail
It's quiet outside as markets reopen on this first work day after the New Year, so I thought I'd start off 2014 with some predictions for the year ahead in the sectors that I cover. Generally speaking, I do think the first half of the year will see a ...

China Becomes a Force in Overseas Deals
Chinese entrepreneurs have just started to do overseas deals, but they are already acting like major private-equity firms, and sometimes besting them at their own games. In China, overseas investments have long been the province of state-owned ...

Asia's manufacturers buoyant at end 2013, China a question mark
BEIJING/SEOUL (Reuters) - Asia's manufacturing sector ended 2013 on a strong note, with expansion hitting multi-year highs in export-driven Japan and Taiwan, but signs of moderation in China raises concerns about the outlook for the new year. Both ...

China Baotou Rare Earth acquires nine regional miners
BEIJING Jan 3 (Reuters) - China's biggest producer of rare earths, the Inner Mongolia Baotou Steel Rare Earth Group , has acquired nine regional mining companies as part of a government masterplan to consolidate the sector. China produces more than 90 ...

Asian Stocks Head for Two-Week Low on China Services Data
Asian stocks fell, with a regional benchmark index heading for its lowest close in two weeks, after U.S. equities retreated from record highs and a gauge of China's non-manufacturing industries declined. Industrial & Commercial Bank of China Ltd., the ...

Police seize 3 tons of meth in south China village
BEIJING -- Call it “Breaking Bad: China Edition.” More than 3,000 police officers equipped with helicopters and motorboats and accompanied by dogs descended on a southern Chinese village notorious for making crystal meth, seizing 3 tons of the drug and ...

Local Flavor Returns As China Box Office Booms
People take pictures with an advertisement board of the movie “American Dreams in China” in Shijiazhuang, Hebei province. Local productions powered a 27% rise in China's box-office sales last year, according to one estimate, as Chinese-made films ...

China Moves to Tighten Rare-Earths Control, Pave Way for Consolidation
BEIJING—China is moving to tighten control over its far-flung and fragmented rare-earths industry, paving the way for state-backed mining giants to acquire smaller producers and carry out Beijing's consolidation mandate. The central government is ...

China's oddball demolition king eyes the New York Times
BEIJING (Reuters) - Chen Guangbiao has never acquired a company. The 45-year-old recycling magnate has also never worked in the media industry or become proficient in English. But these facts have failed to puncture the preternatural bubble of ...

Asian Stocks Fall to Two-Week Low as China Services Gauge Drops
Asian stocks fell, with a regional benchmark index dropping to its lowest level in two weeks, after U.S. equities retreated from record highs and a gauge of China's non-manufacturing industries declined. Industrial & Commercial Bank of China Ltd., the ...

China's Private Spy Firm?
Fears within the Obama administration and Congress are mounting about Chinese telecom giant Huawei's plan to build a wireless network in South Korea. The Obama administration and Congress are turning up the pressure on South Korea to turn back from ...

Wal-Mart Adds DNA Tests in China After Donkey-Meat Recall (2)
A woman walks past signage for a Wal-Mart Stores Inc. store in the Shekou district of Shenzhen. Photographer: Brent Lewin/Bloomberg. Wal-Mart Stores Inc. (WMT:US) said it's adding DNA tests of meat it sells in China after recalling donkey products from ...

Copper Falls Most in Two Weeks as China Services Measure Slumps
Copper fell the most in two weeks in New York after a gauge of Chinese service industries reached a four-month low, fanning concern about the demand outlook in the biggest global consumer of the metal. A services gauge from China's statistics bureau ...

Chinese leaders mix with the masses in rare display
BEIJING — In the past week alone, one Chinese politician rode the subway in his central China city; another cooked fish on TV for his New Year's address to a south China city; and yet another showed citizens around his east China office building. Then ...

China Tells Its Bureaucrats to Butt Out
China's State Council, the country's cabinet, recently issued rules banning government officials from smoking in government buildings, schools, hospitals, sporting venues or while on public transportation, according to China's Central Television. The ...

To Conserve Water, China Raises Prices for Top Users
BEIJING—China will roll out wide-reaching reforms in how it prices water by the end of next year, the government said Friday, charging higher prices for the heaviest urban consumers to conserve diminishing resources and spur investment. The changes ...

China Icebreaker Now Trapped in Antarctic
SHANGHAI—A Chinese icebreaker crucial to the rescue this week of scientists and tourists in Antarctica is now itself stranded in ice after failing in its initial efforts to maneuver free, authorities said Saturday. The Chinese vessel, Xue Long ...


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