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China News 01/2014 (Page 7)



China's Five-Star Hotels Are Desperate for Lower Ratings
After local governments in China began prohibiting government officials from spending money at five-star hotels last year, dozens of top-rated hotels took steps to preserve their government business—by voluntarily dropping at least one star. “I've ...

Gazprom eyes tradeoff between price, prepayment in China talks
... slideshows. * Price of $10-$11 per mmBtu discussed, China hopes for cuts - sources. * Winter Olympics, Putin visit to China possible dates for the deal. * Gazprom has failed to sign the deal after years of talks. * CNPC officials in graft probe ...

UPDATE 3-Massive Internet mishap sparks Great Firewall scrutiny in China
... Print. * Millions of Chinese Internet users redirected to anti-censorship website. * Error likely caused by negligence while making changes to official censorship systems. * State media and foreign ministry blame hackers (Adds CCTV report of ...

For Liquor Makers, Cheer Dries Up in China
LONDON—More than a year after the Chinese government banned extravagant gift-giving and scaled back state-funded banquets, major liquor makers are starting to feel punch drunk. The crackdown on conspicuous consumption—part of an anticorruption ...

Bird flu spikes in China ahead of Lunar New Year
A spate of bird flu cases since the beginning of the year in China has experts watching closely as millions of people and poultry are on the move ahead of the Lunar New Year holiday, the world's largest annual human migration. China has reported more ...

China's Elite Wealth in Offshore Tax Havens, Leaked Files Show
China's elite, including the brother-in-law of President Xi Jinping, have used secretive offshore companies that helped hide wealth in tax havens, including the British Virgin Islands and Samoa. That's according to the International Consortium of ...

New Frugality Puts Strain on Chinese Firms
SHANGHAI—As China prepares for the Year of the Horse, a crackdown on wasteful spending and corruption is weighing on calendar maker Li Zhen. A growing list of new rules requires government officials to downshift their lifestyles by reducing public ...

How flawed U.S. politics still trump China model
In the U.S. capital, legislators have defied expectations and approved the first fiscal-year spending bill since 2009. Of course, it is the imperative of political survival in an election year that has produced this outbreak of bipartisanship, not ...

China's Wanxiang plugs Fisker bid, open to Tesla ties
HANGZHOU/BEIJING (Reuters) - Billionaire Lu Guanqiu, a former blacksmith's apprentice who built China's biggest auto parts company, says he has an edge over a rival bid for bankrupt U.S. plug-in hybrid car maker Fisker Automotive, and would welcome ...

China's Harbin Bank Said to Apply for $1 Billion Hong Kong IPO
Harbin Bank Co., a Chinese lender based near the Russian border, applied to the Hong Kong stock exchange for a $1 billion initial public offering, said two people with knowledge of the matter. All three sponsors of the IPO are Chinese investment banks ...

Emerging-Market Stocks Decline on China as Turkey's Lira Tumbles
Emerging-market stocks fell the most in two weeks after data showed China's manufacturing trailed estimates. Turkey's lira retreated to a record low after the central bank made an unscheduled intervention in the market. The MSCI Emerging Markets Index ...

Abe Comparing China to Pre-World War One Germany Fuels Tensions
China said Prime Minister Shinzo Abe was evading Japan's “history of aggression” by comparing Sino-Japanese relations to those of the U.K. and Germany prior to World War I. “There's no need to make an issue of the U.K.-Germany relationship,” Foreign ...

A Beijing Temple Restored
YOU NEVER KNOW what you'll find when you go bicycling in Beijing. Eight years ago, the Belgian entrepreneur Juan van Wassenhove set off from his home in the Chinese capital to pedal around the vanishing , the labyrinthine alleyways that were once the ...

Manufacturing Activity Slips in China
An employee yawns as he works at a garment factory in Humen township, Guangdong province. Reuters. BEIJING—A disappointing performance from China's factories in recent weeks shows the country's manufacturing sector could weigh on a broader ...

The US is helping China's smog reach all the way back to America
China may be the world's leading contributor to greenhouse gas emissions, but newly published findings show that much of the country's pollution is generated by the manufacture of goods for other nations, including the U.S. The irony: Pollution wafting ...

China Shouldn't Be 'Browbeaten' Over Currency, Blankfein Says
China's national interests will converge with the rest of the world as its economy grows, and policy makers there shouldn't be “browbeaten” for managing their currency in the meantime, Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein ...

UPDATE 2-China sees more capital inflows, considers Tobin tax
... Print. * Firmer yuan, higher rates to spur fund inflows -SAFE. * SAFE sees limited impact from Fed's stimulus-tapering. * China considers new tax to deter hot money flows. * FX rules for foreigners selling bad loans to be eased (Updates with SAFE ...

Chinese state TV criticizes Wal-Mart's quality control
HONG KONG (Reuters) - A state-owned Chinese TV station which has run a string of stories criticizing foreign firms has accused U.S. retailer Wal-Mart (WMT.N) of circumventing its quality control process and fast-tracking some products with higher ...

Shanghai Test Scores and the Mystery of the Missing Children
Pupils line up at a Shanghai school for children of migrant workers. Some have questioned Ariana Lindquist for The New York Times Pupils line up at a Shanghai school for children of migrant workers. Some have questioned whether migrants are fairly ...

British PM says China's Wanda to invest up to $5 bln in UK
LONDON Jan 24 (Reuters) - Dalian Wanda, the property developer headed by China's richest man, plans to invest up to 3 billion pounds ($5 billion) in regeneration projects in Britain, Britain's prime minister said on Friday. Prime Minister David Cameron ...

China-Dumps-Dollars Hoax Not So Funny
You have to love a hacker who can annoy China, America and Japan and prompt an existential debate about the state of the global economy -- all with just 140 characters. Whoever got into CNN's Twitter and Facebook accounts today sure did make the most ...

China experts play down shadow banking risk
There have been growing concerns about China's shadow banking industry, but some experts say it's not worth worrying about. Davos, Switzerland (CNNMoney). Some of China's top experts are playing down the risks associated with the country's shadow ...

Japan World War I Remarks Fuel China Tensions
SEOUL — This week Japanese Prime Minister Shinzo Abe compared his country's tense relationship with China to that of England and Germany before the outbreak of World War I. The reference to WW I, which broke out unexpectedly, despite close ...

China Maintains Solar Power Target After Record Installation (1)
China, the world's biggest solar market, kept in place its annual installation target for technology and also for wind power. China plans to add 10 gigawatts of solar power and 18 gigawatts of wind this year, the National Energy Administration said ...

Copper Set for Biggest Weekly Loss in Two Months on China Growth
Copper futures headed for the biggest weekly loss in more than two months as signs of a slowing economy added to demand concerns on China, the world's largest user of the metal. China will struggle to maintain 7.5 percent growth this year and next, ...

UPDATE 1-Tesla China chief unveils aggressive growth plan for China
By Norihiko Shirouzu. BEIJING Jan 24 (Reuters) - U.S. electric carmaker Tesla Motors Inc expects its China sales to contribute one third of global sales growth this year, a senior executive said, adding that a trademark issue stalling full-entry into ...

Asian Stocks Drop Fourth Week Amid China Growth Slowdown Concern
Asian stocks fell this week, posting the longest streak of weekly losses in more than 18 months amid concern growth is slowing in China, the world's second-largest economy. Cnooc Ltd. (883) slumped 8.7 percent in Hong Kong after an output growth ...

China's Great Weibo Exodus
China's version of Twitter has been bleeding users this year, thanks to a government crackdown and the rise of new social technologies. On the night of July 23, 2011, two high-speed trains collided near Wenzhou, a large manufacturing city in China's ...

India, Japan snuggle closer as China power grows
(CNN) -- Japanese Prime Minister Shinzo Abe's intended presence as chief guest of honor at India's Republic Day parade in New Delhi on Sunday symbolizes the significance India places on an ever-closer relationship with Japan in their mutual quest to ...

Blasts and Gunfire Shake Western China, Killing 12
BEIJING — A series of explosions and police gunfire have left a dozen people dead in the far west Xinjiang region of China, the latest spasm of violence to shake the vast, strategically vital area that borders several Central Asian countries. Details ...


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