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China News 01/2014 (Page 5)



OneCard, the Coin of China, readies crowdfunding campaign
As fast as buzzworthy gadgets hit the press, a Chinese adaptation will also hit the shelves. Coin, a ubiquitous digital credit card, has met its match with China's version of the digital credit card, named OneCard. While Coin has successfully ...

Regulators at Odds on Reining In China's Shadow Lending
BEIJING—China's effort to rein in runaway credit is being hampered by infighting between the central bank and the nation's banking regulator, say officials at both institutions, with the two agencies sparring especially over how hard to press so ...

China Factory Owners Detained After Deadly Fire
BEIJING—Authorities detained the owners of a shoe factory in the eastern Chinese city of Wenling where a fire on Tuesday killed 16 workers, according to local officials. Enlarge Image. cat. Residents help firefighters rescue victims during a blaze at ...

Asia Rubber-Indonesia tyre grade trades below 100 cents; China inventory weighs
... Stocks. * SIR20 done at 99-99.25 cents/lb. * Bridgestone seen buying SIR20 at 98 cents/lb. * RSS3 sold at $2.35-$2.36/kg; STR20 at $2.22-$2.23. By Lewa Pardomuan. SINGAPORE, Jan 15 (Reuters) - Indonesian rubber changed hands below 100 U.S. ...

China grants gold import licenses to foreign banks for first time: sources
SINGAPORE/SHANGHAI (Reuters) - China has granted licenses to import gold to two foreign banks for the first time, sources said, as moves to open the world's biggest physical bullion market gather pace. Allowing more banks to import gold could increase ...

China Dwarfs US in Monetary Stimulus
HONG KONG — Move over, Janet Yellen and Ben Bernanke. Step aside, Mario Draghi and Haruhiko Kuroda. When it comes to monetary stimulas, Zhou Xiaochuan, the longtime governor of the People's Bank of China, has no rivals. The latest data released ...

China Improves Human Rights, Really
When Chinese President Xi Jinping unveiled a raft of powerful-sounding but vague reforms last November, attention focused immediately on two of them -- relaxing China's one-child policy and closing down its labor re-education camps, or laojiao. In ...

As Apple Expands in China, Local Smartphone Brands Look Overseas
Apple is getting more aggressive in China. Even before CEO Tim Cook met yesterday in Beijing with his counterpart at China Mobile, we knew Apple had made a breakthrough with the country's largest cellular operator. After years of fruitless talks, Apple ...

China's Jingdong Said to Plan $2 Billion IPO for Second Half
Beijing Jingdong Trading Co., the Chinese online retailer backed by Saudi Prince Alwaleed bin Talal, plans to raise about $2 billion in an initial public offering in the second half, three people with knowledge of the matter said. The Beijing-based ...

China steps up appeal to West in Japan propaganda battle
SHENYANG, China (Reuters) - China took reporters on Thursday on an unusual trip to a camp which housed Western prisoners of the Japanese in World War Two, a further sign of Beijing broadening efforts to drive a wedge between the West and Japan over ...

E-Commerce Competition Intensifies in China
TOKYO — An arms race between the two most powerful Internet companies in China has escalated again, with one of them, Tencent, announcing an investment that pushes it further into e-commerce — territory long controlled by its rival, Alibaba. Tencent ...

China's Capital Inflows, Foreign Direct Investment Rose in 2013
BEIJING—Global investors poured more money into China last year, according to new data, signaling optimism in the prospects of the world's No. 2 economy despite slowing growth. The year-end figures released on Thursday for capital inflows and foreign ...

ITT's 2012-2013 Investment in Wuxi, China, Facility Nears $30 Million
ITT Corporation (NYSE: ITT) announced today that it is investing approximately $20 million to expand its braking technology production and R&D capabilities in Wuxi, Jiangsu Province, China, bringing its total investment in the facility to nearly $30 ...

China Growth Seen Slowing as Momentum Weakens
China's factory output and investment growth probably weakened in December, adding to signs the world's second-largest economy is losing momentum as analysts forecast 2014 expansion at the lowest in 24 years. Industrial-production gains slowed to a ...

Why China Loves to Hate Its Newest Skyscraper, Shaped Like a Giant Gold ...
Why China Loves to Hate Its Newest Skyscraper, Shaped Like a Giant Gold ...

Beijing's mayor urges "all-out effort" to curb air pollution
BEIJING (Reuters) - Beijing's mayor pledged on Thursday to cut coal use by 2.6 million tonnes and set aside 15 billion yuan ($2.4 billion) to improve air quality this year as part of the city's "all-out effort" to tackle air pollution, state news ...

UPDATE 1-Beijing's mayor urges "all-out effort" to curb air pollution
(Recasts with details from Beijing). BEIJING Jan 16 (Reuters) - Beijing's mayor pledged on Thursday to cut coal use by 2.6 million tonnes and set aside 15 billion yuan ($2.4 billion) to improve air quality this year as part of the city's "all-out ...

Left-Behind Children of China's Migrant Workers Bear Grown-Up Burdens
In some of China's poorest regions, millions of adults have fled their villages in search of work, leaving behind young children who must fend for themselves. WSJ's Andrew Browne reports. Photo: Gilles Sabriè. XIA QING, China—Like millions of children ...

China questions officials linked to ex-strongman in graft probe: sources
BEIJING (Reuters) - Chinese investigators have questioned more than a dozen senior officials, including the country's top prosecutor, about links to retired domestic security chief Zhou Yongkang, who is the subject of a corruption probe, sources said ...

China calls on Manila to meet it halfway on fishing rules
BEIJING (Reuters) - China called on the Philippines on Friday to meet it halfway on new Chinese fishing rules in the disputed South China Sea, adding that Beijing was always willing to make efforts to resolve such issues via talks. China imposed ...

First China firm to list since 2012 soars in debut on pent-up demand
SHANGHAI (Reuters) - The first firm to list in mainland China after a 14-month freeze on IPOs jumped 43.5 percent in its debut, just shy of its daily limit, underscoring pent-up demand that bodes well for a raft of new issues to come. But any hopes of ...

China's Zhejiang Becomes First Province to Loosen Family-Planning Policy
BEIJING—Eastern China's Zhejiang province announced a loosening of its family-planning policy on Friday, becoming the first province to make good on the Communist Party's pledge to relax the country's controversial one-child rule. Revised rules now ...

Hurdles Remain for Apple in China Despite New Deal
Timothy Cook, left, the chief of Apple, and Xi Guohua, the chairman of China Mobile, the world's largest mobile carrier operator, in Beijing on Friday, as Apple's iPhones went on sale. Kim Kyung-Hoon/Reuters. TOKYO — Apple is counting on a long ...

China's detention of Uighur professor Ilham Tohti worries US
BEIJING -- The U.S. government and human rights activists are voicing concern about the detention of a professor who has been an outspoken advocate for China's Uighur minority group. Ilham Tohti's home in Beijing was ransacked Wednesday afternoon by ...

What Do Chinese Millionaires Like? Apple, Hermes, and Australia
What are the favorite gifts of China's rich and where do they like to vacation? Do they drink much alcohol and how much sleep do they get every night? Now we know: The Shanghai-based publishing group Hurun Report released its tenth annual Chinese ...

Trial Set for Prominent Rights Activist in China
HONG KONG — One of China's most prominent human rights activists, Xu Zhiyong, will stand trial next week and believes that his conviction is all but certain, although he will fight the charges, his lawyer said on Friday. The lawyer, Zhang Qingfang ...

UPDATE 1-China home price rises show signs of easing in Dec
... Print. * Dec home prices up 9.9 pct y/y, unchanged from Nov's record gain. * Month-on-month gains ease on govt curbs. * Beijing price gains slow for a second month. * Price gains seen moderating in 2014 -analysts (Adds comments, details). BEIJING ...

China rocker quits state TV show over song choice
FILE - In this June 3, 2005 file photo released by China's Xinhua News Agency The Associated Press FILE - In this June 3, 2005 file photo released by China's Xinhua News Agency, Cui Jian performs during his solo concert at Hongshan Stadium in Wuhan, ...

China's Media Accuse Uighur Scholar of Separatism
A state-run newspaper in China accused a recently detained Uighur scholar and government critic of splitting ethnic unity in a Saturday editorial, while his lawyer said he has received no official word about the academic. Ilham Tohti, an economics ...

China's closure of labor camps gets qualified applause
BEIJING — In August, Ma Liangfu and the more than 100 other inmates at the Tumuji Reeducation Through Labor Camp in Inner Mongolia received good news: China was abolishing its much-criticized network of detention facilities, known as laojiao, where ...


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