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China News 08/2014 (Page 8)



China says 'no change' in policy on improving ties with Japan
SHANGHAI/BEIJING (Reuters) - China on Thursday rejected remarks by former Japanese prime minister Yasuo Fukuda that Beijing had expressed willingness to improve ties between Asia's two biggest economies, and said there was "no change" in its policy ...

China agriculture firm New Hope Liuhe's Q2 profit up 73 pct
HONG KONG/SINGAPORE Aug 28 (Reuters) - New Hope Liuhe Co Ltd, the listed unit of China's top animal feed producer, posted a 72.9 percent increase in its second-quarter net profit, picking up from the previous quarter due to a recovery in its feed and ...

Shanxi Coal fires off $137 million in lawsuits over Qingdao port scandal
SHANGHAI/SYDNEY (Reuters) - A unit of China's Shanxi Coal International has fired off a volley of new lawsuits over a metals financing fraud at China's Qingdao port, adding around $137 million in claims. Chinese authorities launched an investigation in ...

Will China stop buzzing US planes? Meetings at Pentagon may help decide
It has been more than a week since a Chinese J-11B fighter jet allegedly buzzed a U.S. Navy P-8 Poseidon surveillance plane some 130 miles east of China's Hainan Island in international airspace. The act earned a strong rebuke from the Pentagon, with ...

TPI Submits Dataset for GMP Inspection at Qionglai Facility (QLF)
CHENGDU, China, Aug. 28, 2014 /PRNewswire/ -- Tianyin Pharmaceutical Co., Inc. TPI, -0.76% a pharmaceutical company that specializes in patented biopharmaceutical, modernized traditional Chinese medicine (mTCM), branded generics and active ...

China ETF Drawing Most Funds Since 2012 on Stimulus Bets
Investors are returning to the largest Chinese exchange-traded fund in the U.S. at the fastest pace in almost two years on signs a government stimulus program will support growth in the world's second-largest economy. The iShares China Large-Cap ETF ...

In China, Detecting Fraud Riskier Than Doing It
It can be very risky to do things in China that are taken for granted in other countries. Kun Huang, a Chinese-born Canadian citizen, is back in Vancouver after spending two years in a Chinese jail. His crime was contributing to research that led his ...

China Rongsheng H1 loss widens 10 times, to make restructuring announcement
SHANGHAI Aug 29 (Reuters) - China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, said its first-half net loss widened more than ten times as shipowners continued to postpone vessel deliveries amid a prolonged industry ...

China to Adjust Excessive Pay for Executives at State Companies
China will cut salaries for executives at state-owned companies if their pay is deemed to be “unreasonably high,” as the government presses ahead with campaigns to curb lavish spending and corruption. Managers must accept limits on expenses related to ...

With an eye on China, the US and Japan grow closer
Pacifist Japan is stepping out of its usual shrinking-violet role to take a more prominent military stance, to the delight of its U.S. ally. Others, namely neighbors and many of its own people, are much less giddy. Standing before the American and ...

The creepy social network taking China by storm
YY.com's homepage is a strange mixture of live video game players and young Chinese women who often perform karaoke. Photo: YY.com. Originally published by: logo-news-com-au. MORE ON: China · China developing its own OS to compete with Apple, ...

China State Banks Report Surge in Soured Loans
BEIJING—China's biggest state-owned banks reported a surge in soured and castoff loans in the first half of the year as China's slowing growth takes an increasing toll on its lenders. The five biggest state-owned banks— Industrial & Commercial Bank ...

SW China landslide death toll climbs to 22
GUIYANG, Aug. 31 (Xinhua) -- Rescuers combing the rubble at a landslide site in southwest China retrieved two more bodies Sunday morning, bringing the total death toll in the disaster to 22, rescue authorities said. Twenty-two others have been injured ...

Tesla expands in China as stock price hits new high
Beijing, China (4E) – Tesla Motors had recently announced the signing of a new deal to build about 400 new charging stations throughout China. At the same time, Tesla's stock price hit its record high. The China deal, which is in partnership with a ...

China's 'bad banks' back in the spotlight
The prospect of the first ever default in China's rapidly expanding shadow banking sector sent shockwaves through financial markets this year. As word spread that a Rmb3bn trust product called “China Credit Equals Gold #1” was on the verge of ...

Nepal seeks more trade, business supports from China
KATHMANDU, Aug. 31 (Xinhua) -- Nepal's business community has sought support from Chinese government in bid to help Nepal boast its trade and business, country's private sector bodies said here on Sunday. Nepal Chamber of Commerce (NCC), the ...

China's 'great rejuvenation' threatens to harden racial attitudes
The killing of an unarmed black teenager by a white police officer in Ferguson, Missouri, in August prompted riots and soul-searching as America confronted the uglier side of its multi-ethnic society. The unrest also handed a propaganda gift to ...

Xinhua Insight: China ratifies Martyrs' Day
BEIJING, Aug. 31 (Xinhua) -- China's top legislature on Sunday approved the establishment of a national day to commemorate martyrs. The decision was made at the bi-monthly session of the Standing Committee of the National People's Congress which ...

China: No Open Nominations For Hong Kong Leader
Protesters attend a pro-democracy rally next to the Hong Kong government complex on August 31, 2014. China on August 31 announced rules giving it control over who can stand in Hong Kong's next leadership election, triggering tears and fury in the city ...

The Chinese authorities are ignoring Li's call for fairness
What do GlaxoSmithKline, Nestlé, Microsoft, Daimler and Qualcomm have in common? All are western companies under investigation by Chinese authorities for alleged wrongdoing. Foreign businesses believe they are being unfairly singled out. Thirty years ...


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