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China News 07/2014 (Page 5)



UPDATE 1-China taps 6 state firms for reforms that may widen private capital's ...
UPDATE 1-China taps 6 state firms for reforms that may widen private capital's ...

Emitters in China's largest carbon market meet targets amid falling prices
BEIJING, July 15 (Reuters) - Nearly every carbon emitter covered by China's largest pilot emissions scheme met Tuesday's compliance deadline, a government official said, as permit prices slipped to an all-time low amid ample supply and with no last ...

China's Campaign Against Corruption Is Huge. Will It Do Any Good?
Suppose a corruption investigation in the U.S. netted the mayors of Los Angeles, Phoenix, Atlanta, Chicago, Denver, half a dozen vice governors or mayors, the nation's deputy top cop, a firebrand TV pundit, state broadcaster executives, a general who ...

Economists are really worried about China's massive property sector
A dramatic building boom helped China to develop the world's second largest economy. But now, economists say, a runaway real estate sector poses the greatest risk to growth. Eight out of 10 economists say the property market poses the biggest threat to ...

China Flattens Mountains for Expansion; Environmental Concerns Grow
One of the most ambitious construction endeavors ever seen continues in China as mountaintops are being flattened and valleys are being filled to create space for new cities. The Chinese government is looking to move more rural residents to urban areas ...

UPDATE 1-China's 2014 new lending seen at five-year high -PBOC official
(Adds details on lending, background on economy.) BEIJING, July 15 (Reuters) - Chinese banks are likely to make 9.5 trillion yuan ($1.5 trillion) worth of new yuan loans this year, their strongest lending surge since the 2009 financial crisis, a ...

China's state broadcaster and its star anchor snared in anti-corruption campaign
A Chinese government propaganda billboard showing the slogan which reads "China Strong, China Forward!", is displayed near the building of China Central Television (CCTV) headquarters in Beijing, China Tuesday, July 15, 2014. For months, Chinese ...

For CFOs, India Better Than China?
Now that Narendra Modi is running the show in India, chief financial officers from around the world say they're seeing more growth prospects there than in China. That means corporate investors are more optimistic about India's immediate future than ...

China growth data lifts Europe shares, oil and metals
LONDON (Reuters) - Stocks rose in Europe and aluminum hit a 13-month high on Wednesday after China reported economic growth that was slightly stronger than markets had expected. However, a fall in the Australian dollar, often seen as a proxy for ...

WRAPUP 1-China growth picks up as stimulus kicks in, more support may be ...
WRAPUP 1-China growth picks up as stimulus kicks in, more support may be ...

China's Q2 land prices slow for first time in two years
BEIJING, July 16 (Reuters) - Growth in Chinese residential land prices slowed for the first time in nearly two years in the second quarter of this year, the land ministry said on Wednesday, another indication that the property market is losing steam ...

UPDATE 1-China to tighten up on official vehicles in anti-graft drive
(Recasts with bid to limit official vehicle use). BEIJING, July 16 (Reuters) - China will phase out the use of official vehicles for uses other than for emergencies or law enforcement by the end of next year, state media said on Wednesday, as Beijing ...

Ex-GSK China staff seek compensation for illegal dismissal
BEIJING/SHANGHAI (Reuters) - Three former Chinese employees of GlaxoSmithKline PLC , which is embroiled in a long-running corruption probe in China, are seeking compensation for illegal dismissal from their jobs, a lawyer representing them told ...

In China, Beijing Fights Losing Battle to Rein In Factory Production
China's leadership is battling with its enormous overcapacity in the steel industry--acutely aware it's putting the nation's long-term prosperity at risk. Photo: Tim Franco. XINGTAI, China—The "steel king" of this drab city in northeast China was ...

China's Economic Expansion Accelerates to 7.5%
The value of home sales rose 33 percent in June from May as price cuts by developers lured buyers, based on the difference between the statistics bureau's data for the first half and the first five months of the year. Close. The value of home sales ...

China moves oil rig out of waters Vietnam claims
HANOI, Vietnam (AP) — China on Wednesday moved an oil rig out of waters claimed by Hanoi after two months of drilling that triggered a near-breakdown in ties between the neighbors and led to deadly protests in Vietnam. Withdrawing the rig from near ...

China's Latest Economic Data Nothing To Celebrate, Says Schroders In U.K.
China's second quarter GDP growth came in better than the first, but U.K. investment bank Schroders thinks there is nothing to cheer about yet. “The strengthening of Chinese growth gives us little cheer,” wrote Craig Botham, an emerging markets ...

With Tensions Rising, Japanese Investment in China Plummets
Notch another consequence of the worsening Sino-Japanese relations: Japanese investment into China dropped by nearly half in the first six month of 2014, according to a new report from China's Ministry of Commerce. As recently a 2012, Japanese ...

Undermining China, One Knockout at a Time
Tensions between the United States and China over cybersecurity have risen as the two countries continue to trade barbs over hacking. But according to an essay on the website of a state newspaper that was widely republished this week, there is, in fact ...

Inside a Beijing Interrogation Room
BEIJING — Chinese writers like me often face difficult choices. What should we do when friends are arrested for no good reason? Keep our mouths closed? Should we speak out in protest and risk being dragged away to prison? Is it fair to our families ...

Artist Reimagines 'Life of Pi' on Shanghai's Sullied Waters
An artist's rendering shows what Cai Guoqiang's “Ninth Wave” was supposed to look like sailing past Shanghai. Courtesy of Cai Guoqiang. If Noah had sailed his ark through China's polluted waterways, would the animal kingdom have survived? Superstar ...

New BRICS bank good for China, others - China's central bank
BEIJING, July 17 (Reuters) - China cannot be concerned about only itself and must join a development bank being created by emerging market nations as its economy is intertwined with that of the world, the Chinese central bank said on Thursday. In a ...

China's Lofty Dream Of Eco-Friendly Super Cities At Major Crossroads
China is embarking on one of its most ambitious engineering challenges to date: the construction of the Phoenix Towers, a pair of skyscrapers in the city of Wuhan that will be the world's tallest and greenest structures. "The use of a pair of towers ...

At 45 dead, 21 missing as heavy rains, landslides hit China
In this Tuesday, July 15, 2014 photo, a Chinese man holds an umbrella while wading through a flooded street in Changsha in south China's Hunan province. Heavy rains have killed at least 18 people in southern China and a state news agency said six more ...

'Dangerous' Typhoon Rammasun takes aim on China
An intensifying Typhoon Rammasun, now packing winds estimated at up to 140 mph, is taking aim on southeastern China. A landfall in Hainan province is forecast for Friday. It should hit with winds of at least 127 mph, making it equivalent to a Category ...

China to hold public trial of foreign couple who worked for GSK
BEIJING, July 17 (Reuters) - China will try in public a foreign couple linked to drugmaker GlaxoSmithKline Plc on charges of illegally obtaining private information, state media said, after the United States and Britain raised concerns about access to ...

China Coveting Power Parity Joins US-Led Naval Drills
After 43 years of watching the world's largest multinational naval exercises take place off Hawaii, China has the second-largest fleet at the U.S.-led drills this year, offering it a step toward the great-power parity it seeks in the Pacific. China's ...

China Starts Criminal Probe into 3 More Former Senior Officials
BEIJING —. Chinese authorities began criminal investigations on Friday into three more former high-ranking officials over corruption allegations, all of them allies of powerful, retired domestic security chief Zhou Yongkang. Sources have told Reuters ...

Bloodhound Gang Tracks Source Of China Distributed Solar Fail
It started with a mystery: what happened to the huge amount of distributed solar China was supposed to deploy in 2014? We were a well-selected bunch of curious cleantech investigators: Alan Beebe and three of his colleagues from EY's cleantech practice ...

Helping China's Doves
SINGAPORE — China is on the verge of destroying a geopolitical miracle. In 1980, its economy was less than one-tenth that of the United States. In 30 years, China rose to become No. 2 in the world, without disrupting the world order. Suddenly, with ...


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