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China News 10/2014 (Page 4)



China's Li Says Economic Growth Quality Important as Pace
The “quality” of economic expansion, including job creation and fighting pollution, is as important as its speed amid uncertainty over whether China will reach its growth target this year, Premier Li Keqiang said. In a speech to businessmen and ...

China's central bank sees 'very low' risk of hard landing
WASHINGTON Oct 11 (Reuters) - The chance of a hard landing for China's economy is very small in spite of worries about the country's real-estate sector, the chief economist of the People's Bank of China said on Saturday. Ma Jun told a panel on the ...

'Forbidden City' exhibit opens at VMFA
DEAN HOFFMEYER/Times-dispatchAlex Nyerges, director of the Virginia Museum of Fine Arts, looks at an ornate fruit pavilion, which is featured in the “Forbidden City: Imperial Treasures from the Palace Museum.” The exhibition, the product of a seven ...

China offers hint of growth prospects, Germany expects more bad news
LONDON (Reuters) - China's economy, the second largest in the world, gets a spot check this week with a barrage of data due that should indicate how successful Beijing has been in supporting growth. It may be even more pertinent than usual, given that ...

China's state sector leaders embrace pay cuts of up to 60%
The corporate reporting season for China's largest state-owned enterprises, which concluded last month, featured an unusual theme. Despite earning far less than their international counterparts, the men who steer the country's largest companies ...

China Detains Legal Activist Guo Yushan
Authorities in Beijing have criminally detained Guo Yushan, an activist legal scholar who was instrumental in the escape of dissident Chen Guangcheng, pictured here in Washington in September. Agence France-Presse/Getty Images. BEIJING—Authorities in ...

China conjures magical future better than Vegas
CHANGPING, China — And for its next trick, China's ruling Communist Party plans to save the magic industry worldwide and silence dissent among magicians everywhere. A massive venue will arise next year near Beijing for magic shows starting in 2018 ...

China Welcomes ECB Yuan Debate in Internationalizion Push
Policy makers from Beijing to Kuala Lumpur welcomed plans by the European Central Bank to consider adding the yuan to its foreign-currency reserves. The internationalization of China's currency emerged as a subject at the annual meeting of finance ...

China needs no "big stimulus" despite slowdown
WASHINGTON, Oct. 11 (Xinhua) -- China does not need large-scale monetary stimulus in the near future despite a slowdown in the world's second-largest economy, a senior economist with the Chinese central bank said Saturday. "I don't see the reason for ...

Russia hopeful for government agreement on gas with China
... * Chinese Premier Li Keqiang to visit Moscow. * Deputy minister says several deals to be signed. * Analysts doubt Russia and China can finalise gas deal soon. * Deputy minister says several deals to be signed. By Vladimir Soldatkin. MOSCOW, Oct 12 ...

China's economic policy follows a random path
China's approach to foreign exchange, like many of the decisions of the country's public authorities, could best be described as a banana-skin policy. That is to say: the government has no policy. It simply keeps doing the same thing for as long as ...

Universal Studios to open Beijing theme park in 2019
After 13 years of negotiations and planning, Universal Parks & Resorts said Monday it would open a $3.3-billion, 300-acre theme park in Beijing. The company and its Chinese partners did not set an opening date, but state-run media said the complex ...

China Posts Strong Trade Figures, but Data Deserve Close Scrutiny
A worker walks past containers waiting to be transported in a port in Qingdao. China's exports and imports both rose more than expected in September, customs data showed, but analysts warned that fundamentals remained weak. Agence ...

Bumpy Ride for Fund Managers Buying China's SOEs
The ride for fund managers that rushed in this year to buy shares of China's state-owned firms is quickly turning into a bumpy one that only long-term investors can likely stomach. The ride for fund managers that rushed in this year to buy shares of ...

REFILE-WRAPUP 1-China trade data eases slowdown fears, more stimulus may ...
REFILE-WRAPUP 1-China trade data eases slowdown fears, more stimulus may ...

The Unrest In Hong Kong And China's Bigger Urban Crisis
Students attend a rally at Hong Kong's Chinese University on September 22 to start a week-long boycott of classes to protest against Beijing's conservative framwork for political reform in Hong Kong. (Photo by Lam Yik Fei/Getty Images). The current ...

An American in Shanghai
Michael Kors takes his one-man show — glamorous fashions, zingy one-liners, crazed fans and all — on the road. Photo. Michael Kors on the terrace of his suite at the Peninsula hotel, overlooking the famous Bund, a scenic waterfront destination in ...

Once a Symbol of Power, Farming Now an Economic Drag in China
Li Haiwen, 47, grows medicinal plants, rather than grain, on the plot of land he rents from the local government in Yangling. “The more grain you plant,” he said, “the poorer you get.” Credit Gilles Sabrie for The New York Times. Continue reading the ...

Russia signs deals with China to help weather sanctions
MOSCOW (Reuters) - Russia and China signed energy, trade and finance agreements on Monday proclaimed by Moscow as proof that a policy turn to Asia is bearing fruit and will help it to weather Western sanctions over the Ukraine crisis. The 38 deals ...

China Raises Taxes On Oil & Gas
China announced a tax increase on oil and gas on Monday in an effort to spur investment in alternative fuels. It is unclear precisely how this will work, considering that China is a centrally-planned economy and companies can be ordered to use solar ...

PRESS DIGEST- China - Oct 14
Oct 14 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Tuesday. Reuters has not checked the stories and does not vouch for their accuracy. SHANGHAI SECURITIES NEWS. - Preparations for the ...

BlackRock Warns of Potential China Capital Flight
Watch out for possible capital flight from China into Hong Kong when a trading link opens between Hong Kong and Shanghai, says Ewen Cameron Watt, chief investment strategist at BlackRock Investment Institute. Floor traders at the Hong Kong Stock ...

'Breakup Buddies' tops $150 million in China
The road-trip comedy “Breakup Buddies” drove off with nearly $50 million at the Chinese box office last week, bringing its cumulative haul to more than $153 million after less than two weeks in theaters. The movie is now the third-highest-grossing film ...

China bans books by Chinese-American scholar
BEIJING — Authorities in China have ordered books by Chinese-American scholar Yu Ying-shih to be removed from sale, as Beijing expresses its displeasure with writers showing support for pro-democracy movements in Hong Kong and elsewhere, ...

China bans books by pro-Hong Kong protest author
BEIJING (AP) — Authorities in China have ordered books by Chinese-American scholar Yu Ying-shih to be removed from sale, as Beijing expresses its displeasure with writers showing support for pro-democracy movements in Hong Kong and elsewhere, ...

UPDATE 1-Italy to sign deals for joint investments with China
... * Italy state lender CDP, China Development Bank in 3 billion-euro accord. * Chinese Premier Li to meet Italian PM Renzi. * Italy woos cash-rich China as recession bites (Adds quotes, details). By Francesca Landini. MILAN, Oct 14 (Reuters) - Italy ...

China's NDRC Said to Suspend Company Bond Assents Amid Probe
China's top economic planning agency is said to have suspended approvals this week for the sale of corporate bonds, deepening a crackdown on corruption and irregularities in the market for the securities. The National Development and Reform ...

8 killed, 18 injured in China land dispute
During World War II, Gao Shangpei fought Japanese soldiers invading his hometown. This week, the 85-year-old said he found himself taking up arms again as men wielding steel pipes and knives invaded his village over a land dispute, sparking clashes ...

UPDATE 1-China expresses concern about Indian border road plan
(Adds cost of project, details). BEIJING/NEW DELHI Oct 15 (Reuters) - China expressed concern on Wednesday after India announced plans to build a road along the remote eastern part of their disputed border, saying it hoped India would not "further ...

82 Million Chinese Survive on Less Than $1 a Day, Says an Official
By one measure, China is set to surpass the U.S. this year in gross domestic product as the world's largest economy—in terms of purchasing power parity (rather than nominal GDP), says the International Monetary Fund. China also has the world's ...


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