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China News 01/2014 (Page 2)



China says it saw a drop in mining deaths in 2013
BEIJING — Safety at China's coal mines improved in 2013, with the numbers of accidents and deaths decreasing from the previous year, the government said Saturday. China has the world's deadliest coal mines, and authorities have made it a priority to ...

China pledges further support for solar industry
SHANGHAI Jan 4 (Reuters) - China pledged further support support for its ailing solar power industry on Saturday as the government seeks to revive a sector struggling with with overcapacity and falling prices. The State Council, China's cabinet, said ...

5 most incredible discoveries of the week
An amazing find by a sharp-eyed astronomer and a bizarre discovery about the pooping habits of dogs are on this week's list: 1. For 2nd time ever, we saw an asteroid before it hit us: While working a solo shift on New Year's Eve, an Arizona astronomer ...

Chinese envoy calls on Abe to stop reversing post-war order
BEIJING, Jan. 5 (Xinhuanet) -- China's Ambassador to the US, Cui Tiankai says Abe's visit is a deliberate political act aimed at reversing of the history of World War two. The envoy adds that as a responsible power, the US should take a responsible ...

More suspects in baby trafficking case to stand trial
XI'AN, Jan. 5 (Xinhua) -- More suspects involved in the case of an obstetrician trafficking seven babies, one of whom died, will go on trial on Monday in northwest China's Shaanxi Province. The People's Court of Linwei District in Weinan City on Sunday ...

China Railway Group Says President Bai Zhongren Dies in Accident
Bai Zhongren, the president of China Railway Group Ltd. (390), died in an accident, the company said in a statement to the Shanghai Stock Exchange today. The operation of the company remains normal and the chairman will assume the responsibilities of ...

Japan Looks to Buy Drones, and China Goes Ballistic
The relationship between China and Japan is continuing to rapidly deteriorate. So it's no surprise that Japan approved a budget that'll increase defense spending for the second consecutive year, and "build a comprehensive defensive posture that can ...

China says vaccines didn't cause 9 kids' deaths
In this Dec. 13, 2013 photo, doctors check a baby suffering from serious adverse reaction after hepatitis B vaccination in a hospital in Changde city in southern China's Hunan province. Chinese health authorities said Friday an investigation has shown ...

Can China reform in time?
I know, it's seems odd to speak of problems and the need for reform in the world's fastest growing big economy. But China has built up imbalances in that economy for some years now and they are not sustainable for much longer. Even before the financial ...

China Reform Seen Boosting Hong Kong Stocks With Global Growth
Hong Kong stocks are poised to gain in 2014, with the Hang Seng Index (HSI) climbing to a five-year high on a stronger global economy and steady growth in China as it pushes forward with policy changes, according to strategists. The city's benchmark ...

Qunar Jumps on Mobile Booking as Ctrip Slumps: China Overnight
Qunar Cayman Islands Ltd. (QUNR:US), the Chinese travel-booking website controlled by Baidu Inc., surged in New York after reporting an increase in travel reservation on mobile devices. Ctrip.com International Ltd. (CTRP:US) plunged. Qunar, based in ...

China Destroys Six Tons of Confiscated Ivory
A Chinese customs officer with the more than six tons of illegally smuggled ivory awaiting destruction Monday. Associated Press. BEIJING—Chinese government officials on Monday destroyed more than six tons of ivory that had been illegally smuggled into ...

China Agency Says Wal-Mart Improper Inspection Leads to Fox Meat
Wal-Mart Stores Inc. (WMT) didn't properly inspect products it purchased, leading to fox DNA being found in meat sold as donkey, China National Radio reported, citing the provincial food regulator. The Shandong Food and Drug Administration told Wal ...

China's FM Calls for End of Violence in South Sudan
Addis Ababa — China's Foreign Minister Wang Yi is calling for an immediate end to all hostilities and violence in South Sudan. On Monday, Wang began a six-day tour of Africa in Ethiopia, where delegations of the fighting South Sudanese factions are ...

Two Decades Later, Hong Kong Eludes China's Grasp: Adam Minter
It's a question worth pondering after a holiday week that offered a stark reminder of just how restless -- if not unhappy -- a sizable percentage of the former colony's residents are under Chinese rule, 17 years after the end of British sovereignty. Of ...

China's Cabinet Said to Impose New Rules in Shadow Banking Fight
China's Cabinet imposed new controls on the multi-trillion-dollar shadow-banking industry with an order that targets off-the-books loans and shores up enforcement of current rules, two people familiar with the matter said. The regulations include a ban ...

Stampede at Mosque in Northern China Kills 14
BEIJING—A stampede at a mosque in a Muslim region of northern China killed 14 people and injured another 10, state media reported Monday. The stampede occurred Sunday afternoon as bread was distributed to people gathered at a mosque in the rural ...

Copper Falls for Third Day on Concern Demand May Ebb in China
Copper futures fell for the third straight session as signs of a slowing economy may damp demand in China, the world's biggest consumer of the metal. China's benchmark equity index touched a five-month low after gauges indicated slower expansion of ...

China Aims to Conserve Water by Charging Heavy Users More
Beijing's winters are bone dry. Temperatures have frequently dipped below freezing this season, but no snow has fallen onto rooftops and sidewalks. This city of 21 million exists, improbably, on an arid plain with no adjacent rivers. In late December ...

Analysis: Cash crunch signals policy dilemma for China's reformist central bank
BEIJING (Reuters) - China's central bank looks set to risk another cash crunch at the end of January, barely a month after the last market squeeze, as policymakers press ahead with a crackdown on shadow financing and other risky bank lending. The ...

China Greenland to Invest $2 Billion in London Developments
Greenland Holding Group Co., the builder of one of China's tallest towers, will invest 1.2 billion pounds ($2 billion) on two property projects in London as Chinese developers branch out overseas. The state-owned company, which is investing in the U.K ...

China to allow 5 private banks this year
BEIJING (AP) — China will allow the creation of up to five privately financed banks this year to support economic growth by gradually opening the state-run industry, the country's banking regulator said. Analysts including the World Bank say an ...

Japanese Car Makers Grow More Optimistic on China
A Honda Crider at the Guangzhou auto show in November; the Japanese maker said it sold over 750,000 vehicles in China last year, 26% more than in 2012. Associated Press. SHANGHAI—Japanese auto makers are becoming increasingly bullish about ...

Pingtan Marine Enterprise Signed Framework Agreement to Replace its Fishing ...
Pingtan Marine Enterprise Signed Framework Agreement to Replace its Fishing ...

Beijing Should Scrap the GDP Target
BEIJING—An alarming surge in local government debt reflects China's obsession with gross domestic product growth, which encourages officials at every layer of the bureaucracy to borrow and spend, often recklessly. Enlarge Image. cat. A Chinese flag ...

Copper Slips on Strong Dollar, China Worries
NEW YORK--Copper futures yielded to pressure from a stronger dollar and concerns that China's efforts to reform its bank system will have a knock-on effect on copper demand. The most actively traded contract, for December delivery, was recently down 0 ...

UK's Ashmore Group Gets China Blessing
China's Security Regulatory Commission welcomes $78.5 billion London-based asset manager Ashmore Group to the mainland. Now the company can offer its clients access to Shenzhen and Shanghai listed stocks, including bonds priced in the ...

More US corn-based DDG being okayed for China imports -analyst
CHICAGO Jan 7 (Reuters) - An increasing amount of distiller's dried grain (DDG), a popular corn-based feed grain, is passing Chinese quarantine inspections after state officials rejected some imports containing an unapproved genetically modified (GMO) ...

Anhui Conch to Step Up Acquisitions With Record Cash Level
Anhui Conch Cement Co. (914), China's biggest cement producer by market value, plans to add as much as 30 million metric tons to capacity through acquisitions amid a government drive to consolidate production. “Almost all the big cement producers are ...

Beijing Shows Resolve in South China Sea Claims
In a broadening campaign to enforce its territorial claims, China says it's beefing up its police powers in the disputed South China Sea and requiring foreign fishermen to ask Beijing's permission to operate within most of the vast, strategic waterway ...


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