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China News 06/2014 (Page 7)



China eases rules for some foreign investors
BEIJING, June 24 (Reuters) - China is scrapping legal and financing curbs on some foreigners investing in businesses outside the banking industry, the trade ministry said on Tuesday. As part of sweeping financial reforms intended to be China's most ...

China Local Debt Growth Slows as Economic Expansion Cools
China's chief auditor said growth in local government debt slowed, a sign that tighter scrutiny on borrowing and an economic slowdown is curbing credit. Outstanding debt for nine provinces and nine cities grew 3.79 percent from the end of June last ...

China wants to be the global leader in chip manufacturing by 2030
IDG News Service - China is propping up its local chip manufacturing industry with new policies and financial support intended to turn the country into a semiconductor-making powerhouse by 2030. In policy guidelines published Tuesday, the Chinese ...

Chinese official looks to charm Taiwan during landmark visit
BEIJING/TAIPEI (Reuters) - China's top official in charge of Taiwan ties will make a landmark visit to the island this week to try to woo Taiwanese who remain suspicious about a pending trade pact as well as meet a senior figure from the pro ...

China's plane demand surges but bumpy ride ahead
Already Asia's biggest aircraft buyer, China is developing its own passenger planes and building scores of airports but its aviation expansion faces turbulence from slowing growth and inadequate infrastructure. As the country's carriers spend billions ...

Beijing: From Hardship Post To Plum Assignment And Back Again
As Beijing's notorious air pollution continues to take a toll on people's health, it's also making it much harder for foreign firms to attract staff there these days. Some companies are now offering more money, more vacation and shorter stints to lure ...

China sacks vice-head of parliament advisory body after probe
BEIJING (Reuters) - A vice-chairman of China's top parliamentary advisory body has been sacked, becoming the latest senior official to fall from grace, after the ruling Communist Party said he was being investigated for graft, state media said on ...

China says Philippines stirring tensions after Aquino supports Japan
BEIJING (Reuters) - China on Wednesday accused the Philippines of creating tension in the region and urged Manila to show "sincerity" in upholding stability after President Benigno Aquino welcomed Japan's more assertive military policy. Japanese Prime ...

China plays the forum-shopping game
One of the Financial Times' more endearing traits over the past decade has been to play up any indication that China is taking any action that contravenes or undercuts the status quo in the global political economy. As someone who has argued that China ...

China Official Makes Rare Cross-Strait Trip in Effort to Forge Ties With Taiwan
Zhang Zhijun, left, director of China's Taiwan Affairs Office, greets Wang Yu-chi, director of Taiwan's Mainland Affairs Council at a hotel in Taoyuan Wednesday. Agence France-Presse/Getty Images. TAOYUAN, Taiwan—China's top cross-strait negotiator ...

Former Wal-Mart China employees prepare to file suit
SHANGHAI, June 26 (Reuters) - Former employees are preparing to sue Wal-Mart in China after an arbitration committee rejected their case for better compensation than the company has offered after closing the store where they worked in central Hunan ...

TABLE-China foreign financial assets up 3.2 pct Q/Q in Q1 2014
BEIJING, June 26 (Reuters) - The value of China's offshore financial assets rose 3.2 percent in the first quarter of 2014 from the fourth quarter of 2013 to stand at $6.1 trillion, according to Reuters calculations based on the State Administration of ...

House committee tweaks China with plan to rename street in front of embassy ...
House committee tweaks China with plan to rename street in front of embassy ...

How millionaire Chen Guangbiao became the most interesting man in China
Chen Guangbiao, a bespectacled, babyfaced Chinese millionaire, really wants you to know who he is. He wants you to know how influential he is. How charismatic he is. How beloved he is. How prominent he is. But ultimately, Chen Guangbiao really just ...

Q. and A.: William C. Kirby on 'Can China Lead?'
An honor guard of the People's Liberation Army marching after an official ceremony at the Great Rolex Dela Pena/European Pressphoto AgencyAn honor guard of the People's Liberation Army marching after an official ceremony at the Great Hall of the People ...

China's Manhattan Project Marred by Ghost Buildings
China's project to build a replica Manhattan is taking shape against a backdrop of vacant office towers and unfinished hotels, underscoring the risks to a slowing economy from the nation's unprecedented investment boom. The skyscraper-filled skyline of ...

China Official Uses Local Dialect to Sweet Talk Taiwanese Skeptics
China is trying to revive its faltering campaign to win the hearts and minds of Taiwanese. Since Taiwan President Ma Ying-jeou took office in 2008, Beijing's leaders have been wooing the wayward island it hopes to recover some day, with the sides ...

WRAPUP 2-China's Shanxi Coal sues firm in port scandal over payment ...
WRAPUP 2-China's Shanxi Coal sues firm in port scandal over payment ...

China's new home sales fell 23 pct y/y in H1- survey
BEIJING, June 27 (Reuters) - Sales of new homes in China dropped 23 percent in the first six months of 2014 from a year ago, a private survey showed on Friday, underlining a sustained downturn in the housing market after a weak start to the year. Sales ...

Chinese City of Hohhot Reverses Course on Home-Purchase Curbs
SHANGHAI--A city in northern China reversed course twice this week and is now dropping its limits on the purchase of second homes, in a sign of the uncertainties in China's softening property market. A statement on the website of the city of Hohhot in ...

Beijing Meddling With HK, Protesting Lawyers Say
Hundreds of Hong Kong lawyers dressed in black marched in silence Friday to protest a recent Beijing policy statement they say undermines the Asian financial hub's rule of law. The demonstration is the latest sign of growing anger over mainland China's ...

US to ask China to restart cyber working group
WASHINGTON — The United States wants to restart a cybersecurity working group that China shut down after the U.S. indicted five Chinese military officers on charges of hacking into American companies' computers to steal trade secrets. Assistant ...

China's Anticorruption Campaign Moves to a Powerful Party Seat
HONG KONG — The Communist Party chief of Guangzhou, one of China's most populous and wealthiest cities, has been held for investigation by the party's anticorruption agency, state-run media announced on Friday, one day after he admonished city ...

China financing Burundi's switch to digital -regulator
BUJUMBURA, June 27 (Reuters) - China is financing a $40 million project to help Burundi switch to digital broadcasting from analogue by June 2015, according to the small east African nation's telecom regulator. The International Telecommunication Union ...

China's New Map Roils Diplomatic Waters in Region
China has roiled the diplomatic waters in the region by publishing a new map that lays claim to swaths of the South China Sea that encompass almost all of Southeast Asia. The map reinforces China's claim to islands that are disputed by Vietnam, the ...

Could this map of China start a war?
Chinese authorities unveiled this week a new map showing the totality of Beijing's territorial claims. It supplants an earlier map, which had a cutaway box displaying China's declared claims over the South China Sea. Now, Chinese citizens can "fully ...

China Official Cancels Appearances After Protests in Taiwan
Security personnel protect Zhang Zhijun (center, in white shirt), after protesters attempted to pour white paint on him, in Kaohsiung,Taiwan. Reuters. China's top cross-strait negotiator, in Taiwan on a landmark visit, canceled three public appearances ...

China seeks to lure talent by easing green card system
BEIJING — After 14 years in China, American pianist and teacher Lea Gentile plans to establish a specialized music school here, modeled after one in her native North Carolina. That is, unless she is forced to leave China next summer. Gentile turns 65 ...

U.S. asking S. Korea not to join China-led development bank
The United States has asked South Korea to refrain from taking part in a Chinese project to establish a new development bank in Asia, people familiar with the matter said Friday. President Barack Obama's administration has put pressure on its Northeast ...

China's Xi Urges Asian Security Framework to Counter US
China's President Xi Jinping reiterated his call for a new security framework for Asia, as the country's claims over disputed territory increasingly challenge U.S. alliances in the region. Xi warned against any single power's attempt to dominate ...


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