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China News 01/2014 (Page 3)



China's extra power fees for aluminium smelters not likely to boost prices
... slideshows. * About 1.7 million tonnes of capacity liable for higher power costs -analyst. * Affected smelters to trim unit consumption to meet standard -smelters. * Domestic prices expected to stay weak until 2015 -smelter. By Polly Yam. HONG KONG ...

China's state utilities move on preferential rules in carbon offset market
BEIJING Jan 8 (Reuters) - China's large state-owned power firms have taken the lead in the country's nascent carbon offset market, leveraging preferential procedures to cut the cost of complying with new rules capping greenhouse gas emissions. The ...

One Horizon Group Signs Agreement to Acquire 45% Interest in Chongqing ...
One Horizon Group Signs Agreement to Acquire 45% Interest in Chongqing ...

IDC Adds China Presence
In anticipation of scaling up its business in China in 2014, International Dispensing Corporation (IDC) (IDND) announced that Li Xin, President of Sealed Air China from 2010 to 2013, has become the newest member of its Industry Advisory Board. Li joins ...

China Presses Big Banks for More Disclosure
BEIJING—China's banking regulator said it has asked the nation's large commercial lenders to disclose their off-balance-sheet exposures, in an effort to align its regulations with international practices. Banks' off-balance-sheet businesses, a major ...

China's Avcon Bridges Videoconferencing and Surveillance
China's nationwide outbreak of SARS in 2003 may have caused trouble for many businesses but it jump-started Avcon Information Technology, a provider of videoconference and surveillance systems. (And, yes, the two are close cousins.) “We caught a ...

China's Producer Prices Extend Longest Slump Since 1990s
A light illuminates salmon for sale at a store in the Huangsha Seafood Wholesale Market in Guangzhou. A light illuminates salmon for sale at a store in the Huangsha Seafood Wholesale Market in Guangzhou. Close. Close. Open. Photographer: Brent Lewin/ ...

China's 2013 Vehicle Sales Rose 14%
Volkswagen's two joint ventures sold 235,700 vehicles in December in China, bringing its whole-year sales in the world's largest auto market to more than 3.19 million units, according to data from the government-backed China Association of Automobile ...

China renews Western journalists' visas after months-long standoff
BEIJING — Several Western journalists who faced expulsion from China were issued renewed visas by the Chinese government Thursday, ending a months-long standoff with the government. But China is still on track to force at least one reporter at the New ...

Ibovespa Declines as China Economic Growth Concern Saps Suzano
The Ibovespa dropped to a three-week low as pulp producer Suzano Papel e Celulose SA led material stocks lower on signs that growth is slowing in China, Brazil's biggest trading partner. Embraer SA (EMBR3) fell as Banco Santander SA reduced its ...

Copper Drops To Two-Week Low on Weak China Data
NEW YORK--Copper futures slid to a two-week low on Thursday after weaker producer price data from China intensified worries about economic growth in the world's largest consumer of the industrial metal. The most actively traded contract, for March ...

China's Deal Makers Pursue Added Value: Status
Chinese tycoons are increasingly using overseas acquisitions to boost their status inside and outside the country. Oliver Rui of the China Europe International Business School's Kaifeng Centre for Family Heritage tells Wei Gu what Chinese investors can ...

China Vehicle Sales Seen Slowing on Pollution Controls
While China's motorization has been a boon for foreign automakers -- all the major ones saw record sales in the country in 2013 -- pressure is building on the government to step in as pollution chokes residents and traffic congestion turns roads into ...

Beijing Moves to Bolster Claim in South China Sea
BEIJING—China is trying to bolster the legal basis for its maritime-security forces operating in contested areas of the South China Sea, threatening to complicate already-fraught relations with southern neighbors. A new regulation enacted by the ...

China Imports Rise to Help Nation Claim World Trade Crown
Improving demand will help support expansion amid risks from rising domestic debt and the impact of President Xi Jinping's broadest policy reforms since the 1990s. Photographer: Lam Yik Fei/Bloomberg. China's imports rose the most in five months in ...

Philippines, Vietnam condemn China's new fishing law that reinforces claim on ...
Philippines, Vietnam condemn China's new fishing law that reinforces claim on ...

China proves a better bet than Japan for Asia hedge fund investors
HONG KONG (Reuters) - For investors in Asian hedge funds, it was China and not the region's hottest major market, Japan, that provided the best bang for the buck in 2013 - a result set to ensure greater capital inflows into steadily growing China ...

China fires back at US for criticism on fishing curbs
BEIJING (Reuters) - China defended on Friday its new fishing restrictions in disputed waters in the South China Sea against criticism from the United States, saying the rules were in accordance with international law. The rules, approved by China's ...

UPDATE 2-Drug maker pulls share sale just days after China reopens IPO market
... Print. * Jiangsu Aosaikang delays listing at 67 times P/E vs 55 exchange average. * Decision pours cold water on China's newly restarted IPO market. * Securities regulator denies involvement in Jiangsu Aosaikang's postponement (Recasts, adds ...

China reports one more H7N9 bird flu death
BEIJING (Reuters) - China reported one more death from the H7N9 strain of bird flu in eastern Fujian province, state news agency Xinhua said on Friday. A 38-year-old man from Quanzhou city died after being found infected earlier on Friday, Xinhua said, ...

China Disciplines 48 for Pipeline Explosions in Qingdao
BEIJING—China disciplined 48 people, including the chairman of China's largest refining company, for pipeline explosions that ripped through the city of Qingdao in November, killing 62 and leaving 136 more injured. The State Council, or China's ...

China Punishes More Than 182000 Corrupt Officials
BEIJING — The Communist Party's anti-graft body in China says its work was effective in 2013, and led to the investigation and punishment of more than 182,000 party officials. Last year's crackdown was more intense than the year before, and targeted a ...

China to Offer $1.65 Billion in Pollution Rewards, Observer Says
China, the world's biggest carbon emitter, will offer regional governments 10 billion yuan ($1.65 billion) in cash rewards this year for cutting smog, the Economic Observer reported. The money will be distributed based on reductions in pollutant ...

Away from Children, China's Migrant Workers Suffer Guilt and Anxiety
33-year-old A-ying, is mother of two, a six and a ten-year-old. But while she works in the city with her husband, her children live with her in-laws in her rural hometown in Hunan; the family is only together for a month in the summer and ten days at ...

Asian Stocks Decline Most in Four Weeks on China Outlook
Asian stocks fell this week, with the regional benchmark gauge sliding the most in four weeks, as data from China added to concern about a slowdown in the world's second-largest economy. Industrial & Commercial Bank of China Ltd., the nation's biggest ...

White House weighs in on Jimmy Kimmel China controversy
WASHINGTON (Reuters) - The White House has weighed in on a petition calling for the government to crack down on "Jimmy Kimmel Live," a television talk show that sparked a furor in China in October with a joke about killing Chinese people to avoid ...

Philippines, Vietnam condemn China's fishing law
MANILA, Philippines — The Philippines and Vietnam condemned a new Chinese law that requires foreign fishermen to seek Beijing's approval to operate in much of the South China Sea, but China's Foreign Ministry insisted it has the right do so. China's ...

Yuan's Rise Hurts China's Exporters
Workers make stuffed animals for export in Zhejiang province. The rise of China's currency has hurt low-end goods especially hard. China Daily/Reuters. BEIJING—China's reputation as the world's factory floor is being undercut by the yuan's upward ...

RPT-UPDATE 4-US judge opens way for China's Wanxiang bid for Fisker
... Print. * Plug-in sports car maker sent to competitive auction. * $25 mln cap on Richard Li bid; lawyer cries foul. * China's Wanxiang says plans to start bidding at $35 mln. By Tom Hals. WILMINGTON, Del., Jan 10 (Reuters) - A U.S. judge rejected a ...

Infiniti Says It Expects to Repeat Last Year's 50% China Growth
Nissan Motor Co. (7201)'s luxury Infiniti brand said it expects to repeat last year's increase of about 50 percent in sales volume in China, it's second-biggest market. “We expect to see continuous growth from our business in China,” Johan de Nysschen, ...


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