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China News 07/2014 (Page 3)



US Seeks to Salvage Dialogue With China at Beijing Summit
U.S. Secretary of State John Kerry aboard his plane bound for diplomatic talks in China on Monday. Reuters. BEIJING—The U.S. and China will try to reset an increasingly strained relationship when senior officials meet in Beijing this week for talks on ...

UPDATE 1-China's Tianjin Eco-City gets go-ahead for yuan deals with Singapore
(Adds details, background). HONG KONG, July 8 (Reuters) - China's central bank will allow companies and individuals in Tianjin Eco-City to conduct cross-border yuan transactions with Singapore, following in the footsteps of the Suzhou Industrial Park ...

China says GSK-linked trial being handled according to law
BEIJING, July 8 (Reuters) - The trial of a couple arrested last year following work they did for British drugmaker GlaxoSmithKline PLC in China will be handled according to the law, China's foreign ministry said on Tuesday, brushing off U.S. concern ...

Expedience, pragmatism shape new Asian alliances
TOKYO (AP) — Moscow is cozying up to its old rival China. China is holding hands with Seoul. Tokyo is striking deals with Pyongyang. In the ever-shifting game of Asian alliances, where just about everybody has a dispute over something or can actually ...

China probes another associate of former security chief
BEIJING (Reuters) - China is investigating another associate of embattled retired domestic security chief Zhou Yongkang, the top anti-corruption authority said on Tuesday. Tan Li, vice governor of the island province of Hainan, is being investigated ...

China Said to Tell Carriers to Cut Marketing Costs
China told the nation's state-owned wireless carriers to cut marketing expenses after concluding they spent too much on promoting high-end devices such as Apple Inc. (AAPL)'s iPhone, according to people familiar with the matter. The State-owned Assets ...

5 reasons China has no friends
In 2010, then Secretary of State Hillary Rodham Clinton told a gathering of Asian countries that the United States “has a national interest in freedom of navigation, open access to Asia's maritime commons, and respect for international law in the South ...

Success of 'Transformers' in China Mirrors Strategic Marketing
Visitors photograph a model of Bumblebee displayed in front of Qianmen gate in Beijing as part of a promotion for “Transformers: Age of Extinction.”Credit Andy Wong/Associated Press. In less than two weeks since its premiere in China, Paramount ...

Samsung Finds It Costly to Keep Up with China
We were warned. Samsung Electronics (005930:KS) is facing tougher competition in the No. 1 market for smartphones—China—and has made it clear that no one should expect much from its latest quarterly results. The world's largest maker of smartphones ...

China PPI Falls at Slowest Pace in Two Years
The easing of factory deflation follows reports showing manufacturing expanded at a faster pace last month, indicating that government efforts including speeding up infrastructure spending are helping to defend the economic-growth target for the year ...

Strong Luye Pharma debut boosts prospects for 'China orphan' firms
HONG KONG (Reuters) - Shares in China's Luye Pharma Group Ltd (2186.HK) jumped as much as 18 percent in its Hong Kong market debut on Wednesday, bolstering prospects for other so-called "China orphan" firms that had been previously listed ...

UPDATE 2-Strong Luye Pharma debut boosts prospects for 'China orphan' firms
... * Luye Pharma one of scores of firms expected to relist in HK, China. * Private equity hopes to emulate Sihuan Pharma performance. * Listing values Luye at $3 bln vs $515 mln at the time of delisting (Writes through with data on China orphan firms ...

Taomee to Release "Seer 4: Magic Stone Wars" on July 10th in Major Theatres ...
Taomee to Release "Seer 4: Magic Stone Wars" on July 10th in Major Theatres ...

China's Xi Calls for Improved Ties With US
U.S. Secretary of State John Kerry, left, and Chinese President Xi Jinping attend the opening ceremony of the annual Security and Economic Dialogue on Wednesday in Beijing. Getty Images. BEIJING—Chinese President Xi Jinping warned Wednesday that ...

China Finance Minister Says 7.5% GDP Target Not a 'Floor'
BEIJING—Chinese Finance Minister Lou Jiwei said that the government's 7.5% economic growth target isn't a "floor," suggesting that Beijing may be comfortable with slower growth. Early this year, China set its annual target at "around 7.5%." But recent ...

Chinese President Says Conflict With U.S. Would Be Disaster
China's President Xi Jinping called for greater military communication with the U.S., saying as he opened high-level talks between the two countries that any conflict would be a global disaster. China needs a stable environment “more than ever,” and it ...

Foreign carmakers post gains in China
HONG KONG — Car sales in China cooled in June, with domestic brands falling further behind their foreign rivals in the world's biggest auto market, an industry group reported Wednesday. Passenger vehicle sales rose 11.5 percent last month over a year ...

Communist Propaganda Czar Wants China to Become a Movie Power
BEIJING – Communist Party propaganda chief Liu Qibao hailed the rapid rise of the country's film business, calling for China to become a major movie power that reflects the socialist ideal of the "Chinese Dream." "Film should take the people as its ...

Could China Become India's New Best Friend?
On October 20, 1962, 80,000 Chinese troops streamed into the disputed Himalayan borderlands between China and India. Americans could be forgiven for overlooking a border war high in the Himalayas -- coming, as it did, a week into the white-knuckled ...

China's Tianjin extends carbon deadline again
BEIJING, July 10 (Reuters) - China's Tianjin has extended the deadline for its biggest carbon producers to comply with the city's emissions trading scheme a second time, giving companies two more weeks to hand over permits to the government. The delay ...

China Air Passengers Up 11 Percent as More Flights Sought
The number of air passengers in China rose 10.7 percent in the first six months of the year, the country's aviation regulator said, as it urged carriers to expand into less-developed regions. The Civil Aviation Administration of China said in a ...

China agrees to reduce FX intervention 'as conditions permit'
BEIJING (Reuters) - U.S. and Chinese leaders have agreed that China will reduce its intervention in the currency market when conditions are ripe, reaching an understanding on a prickly issue that has hurt ties between the world's two biggest economies ...

SouFun Signed Strategic Cooperation Agreements with China's No.1 and No.4 ...
SouFun Signed Strategic Cooperation Agreements with China's No.1 and No.4 ...

China to Struggle to Cut Carbon to Safe Levels: UN Study
China may struggle to cut carbon emissions to levels that prevent the worst effects of global warming, a United Nations study of 15 major emitters showed. The UN said per-capita emissions from burning fossil fuels needs to fall to 1.6 tons in 2050 from ...

Republican intel chief: Get tougher on China
WASHINGTON — The chairman of the House Intelligence Committee on Thursday accused China of “gluttonous, naked aggression” in its drive to control territory and resources in the South China Sea. Republican Rep. Mike Rogers said it was time to be less ...

China Dismisses New Claim of US Computer Breach
BEIJING — China on Thursday brusquely dismissed assertions in a New York Times article that Chinese hackers had infiltrated United States government computer systems that house personal information of federal employees. A Chinese Foreign Ministry ...

Hoping to Project Power, China Finds Itself Alone
Nearly three decades after Chinese leader Deng Xiaoping famously instructed his diplomats to "be good at maintaining a low profile and never claim leadership," a new generation of rulers has made it clear that they're ready to shed the humility and ...

China Said to Probe Alleged Bank of China Money Launder
Pedestrians walk past a branch of Bank of China Ltd. in Guangzhou, China. Bank of China yesterday denied a report by China Central Television claiming that it circumvented the rules by helping customers transfer unlimited amounts of yuan overseas and ...

China's Stocks Rise on Signs of Loosening Property Restrictions
China's stocks rose, paring the benchmark index's losses for the week, on speculation local governments are loosening property curbs to prevent economic growth from slowing further. China Vanke Co. (000002) and Poly Real Estate Group Co., the nation's ...

China State TV Says IPhone Creates Security Concern
China's state-owned national television broadcaster said a feature of Apple Inc. (AAPL)'s iPhone software that tracks user locations poses a security concern. The function can collect data and may result in a leak of state secrets, China Central ...


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