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China News 03/2014 (Page 5)



Market quarrel leads to stabbing frenzy in China, six dead
(CNN) -- Six people died after an argument between two vendors led to a stabbing spree at a market in Hunan province in central China on Friday morning, local police told CNN. The incident took place in Changsha city, the capital of the province. One ...

Is China Rethinking the Dominance of its State Sector?
The dismal performance of China's state enterprises, characterized by “falling returns, rising debt, and a loss of strategic focus,” according to a recent report by China research house GavekalDragonomics, is causing policy-makers to question China's ...

Chart of the Day: China's Debt Bubble Continues to Swell
Via Paul Krugman, Atif Mian and Amir Sufi give us the chart below today to chew over. It shows China's declining trade surplus over the past decade, which authorities have effectively offset by a dramatic increase in private credit in order to boost ...

Knife Fight in China Sparks Rumors
A false report of knife hackings had crowds running in the southern city of Guangzhou on Saturday, a day after a knife fight between food peddlers in another Chinese city left six dead. People dashed for safety when a suspected pickpocket in Guangzhou ...

Five people hacked to death after knife fight in China, suspect shot by cops
BEIJING — Five people were hacked to death, and one person was fatally shot by police following a dispute at a market Friday in southern China, local authorities said. The killings in Changsha, the capital of Hunan province, come two weeks after a ...

China pushes for facts in Malaysian plane crash
China has urged Malaysia's government to release any information it has regarding the missing Malaysia Airlines jetliner to help narrow the search area. Loading… Post to Facebook. China pushes for facts in Malaysian plane crash on WZZM13.com: ...

UPDATE 1-China demands Malaysia give more accurate information on plane
BEIJING, March 15 (Reuters) - China on Saturday demanded that Malaysia keep providing more thorough and accurate information about a Malaysia Airlines flight that was on its way to Beijing when it disappeared a week ago, after Malaysia said the plane ...

Dangerous smog battles the economy in China
XINGTAI, China — Power plant worker Liu Shui likes to bike around his hometown province Hebei in north China pursuing his photography hobby. But as Liu tried to photograph ducks on a park lake in this grim city of steel mills and cement plants, the ...

China's Growth Slows and Takes World Equity Markets With It
Last week's cheery reaction to an above-expectations jobs report didn't last long. Equity markets suffered through a bad week with slowing growth in China and a continued tense situation in Ukraine. The S&P 500 fell 2% for the week. The iShares ...

China's Xi Assumes New Role Overseeing Military Reform
BEIJING — Chinese President Xi Jinping has taken on a new role overseeing a group in charge of deepening military reform, state media said on Saturday, adding to the list of bodies Xi is taking charge of in his rapid consolidation of power. Xi is ...

UPDATE 1-China austerity campaign knocks official spending in 2013
(Adds comment from anti-corruption chief). SHANGHAI, March 15 (Reuters) - A campaign against Chinese government excess took major bites out of spending on official meetings, travel and vehicles in 2013, the Communist Party's chief disciplinary body ...

Chengdu: China's Next Big Mega City Is Attracting Tech Startups And Foreign ...
Chengdu: China's Next Big Mega City Is Attracting Tech Startups And Foreign ...

China widens currency's fluctuation against dollar
A Chinese clerk counts U.S. dollars in exchange for the Chinese renminbi at a bank in Hefei in central China's Anhui province. China announced on Saturday a modest easing of exchange rate controls that have been criticized by Washington and other ...

China's Share of Int'l Hotel Purchases Poised To Rise As Its Brands Go Global
China's share of cross-border hotel purchases will increase to 10% by 2017 from the current level of 4%, fueled in part by its domestic hotel brands going global, according to a new report by British real estate advisor Savills. In line with the ...

Knife attack kills six in central China city
A woman reacts in grief after one of her parents was killed in a knifing incident in Changsha, Hunan province. State media called it a dispute among market vendors. Reuters. A woman reacts in grief after one of her parents was killed in a knifing ...

China Doubles Yuan's Trading Band Giving Markets Greater Role
The yuan will be able to trade as much as 2 percent on either side of a daily central... Read More. The yuan will be able to trade as much as 2 percent on either side of a daily central bank reference rate, compared with the current 1 percent, the ...

Malaysia's handling of lost plane irritates China
Chinese relatives of passengers aboard a missing Malaysia Airlines plane stand inside a hotel room after The Associated Press Chinese relatives of passengers aboard a missing Malaysia Airlines plane stand inside a hotel room after attending a briefing ...

China's Currency Is No Longer a One-Way Bet
HONG KONG — One of the surest bets on China is starting to look a bit shaky. For the past nine years, each business day at nine o'clock in the morning, government workers in the blandly named Building No. 30 in Shanghai's Pudong financial district ...

Agency hiring rules take effect in China
Regulations taking effect this month will put further pressure on companies' labour costs in China, employment lawyers have warned, as the government imposes strict new limits on the use of workers hired through outside agencies. Many companies have ...

China Plans to Spend Over $163 Billion Redeveloping Shantytowns
China will invest more than 1 trillion yuan ($163 billion) redeveloping shantytowns this year as the government promotes urbanization as an engine of growth, according to state broadcaster China Central Television. The nation will redevelop shantytowns ...

Home Inns Leads Biggest Weekly Slide Since 2012: China Overnight
Chinese stocks trading in New York posted the biggest weekly decline since May 2012 amid concern that a slowdown in economic growth will curb corporate earnings and add to a jump in bad debts. The Bloomberg China-US Equity Index of the most-traded ...

China's Stocks Rise to One-Week High on Urbanization Spending
A worker enters a China Vanke Co. construction site in Beijing, China. Photographer: Tomohiro Ohsumi/Bloomberg. China's stocks rose to the highest level in a week, led by property, auto and cement companies, after the government outlined urbanization ...

Sound Global Won Two BOT Projects in Jilin Province
Hong Kong, Mar 17, 2014 (ACN Newswire via COMTEX) -- Sound Global Ltd. ("Sound Global", or the "Company"; Stock Code: 00967.HK) is pleased to announce that the Company has won the following bids: Guojiadian Sewage Treatment Project in Lishu ...

China rejects North Korean crimes report, hits chance of prosecution
GENEVA (Reuters) - China dismissed a U.N. report alleging North Korea has committed crimes against humanity, effectively confirming the fears of human rights advocates that Beijing will shield its ally Pyongyang from international prosecution. The ...

China announces plans to expand cities
A man pushes a baby buggy near a construction site of a residential real estate project in a village on the outskirts of Beijing, Monday, March 17, 2014. (AP Photo/Alexander F. Yuan). 1. Monday, March 17, 2014. PrintEmail Comments ...

China Greenland to List in Shanghai Via Asset Swap With Jinfeng
Greenland Holding Group Co., the Shanghai city government-owned builder of one of China's tallest towers, plans to list on the Shanghai Stock Exchange through an asset swap with an affiliate. Greenland will swap assets worth 65.5 billion yuan ($10.6 ...

LVS & YUM: 2 of China's Winners or Losers
The week is starting off on a more positive note as while the Asian markets were mixed, stocks in Europe are showing solid gains in early trading. The outcome of the Crimea vote was pretty much predetermined and the technical outlook discussed on ...

China Cautiously Supports Crimea's Secession
HONG KONG — China repeated calls for restraint in Ukraine on Monday, a day after a controversial referendum in Crimea overwhelmingly supported seceding from Ukraine and joining Russia. Issues of separatism and self-determination remain sensitive ...


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