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China News 12/2014 (Page 9)



Zombie Bond Cleanup Seen as Priority by Brokerages: China Credit
Bond brokerages have a New Year's resolution proposal for China's policy makers: allow more defaults among so-called zombie companies. The extra yield on three-year AA rated debt over top-ranked notes surged 47 basis points this month to Dec. 25, the ...

China Forms $32 Billion Energy Company to Help Clean Up Beijing
China's government said it merged Beijing Energy Investment Holding Co. and Jingmei Group into a new 200 billion yuan ($32 billion) business in line with its policy to improve efficiency in the energy industry and reduce pollution. The merger of ...

Scaffold collapse at prestigious Beijing school kills 10 workers, injures 4
This photo released by China's Xinhua News Agency shows the construction site where a scaffolding collapsed in the Tsinghua High School in Beijing, China Monday, Dec. 29, 2014. The accident occurred at the start of the school day, but did not affect ...

China Looking At Deal With US To Recover Dirty Assets
U.S. Secretary of State John Kerry (L) and Chinese Foreign Minister Wang Yi meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) meeting in Beijing Nov. 7, 2014. Reuters/Nicholas Kamm/Pool. (Reuters) - China is looking at signing an ...

Traffic to Gmail From China Cut, Regulators Suspected
Connections to Google Inc.'s popular email service have been blocked in China amid efforts by the government to limit access to the company's services. Records from Google's Transparency Report show online traffic from China to Gmail dropped to nearly ...

China's Shenzhen latest city to restrict car sales
SHANGHAI Dec 29 (Reuters) - China's southern city of Shenzhen said on Monday that it would restrict sales of new cars, joining major cities including Shanghai and Beijing in an escalating war against smog and snarling traffic. More Chinese cities are ...

The end or to be continued? Top US TV shows face uncertain fate in China
Beijing (CNN) -- When it comes to access to their favorite shows, millions of Chinese fans of U.S. TV series find the plot thickening as 2014 draws to a close. In late November, many found their entertainment lifeline cut off as authorities shut down ...

US Stocks Edge Higher Amid Hopes for China Growth
NEW YORK — U.S. stocks inched higher in morning trading Monday as Wall Street winds down the year in this holiday-shortened week. Asian shares rose after Chinese regulators announced changes designed to stimulate the world's second-largest ...

Tesla Tries To Jump-Start China Sales
Bottom line: Tesla and other EV makers is likely to face an uphill road in China for the next year, but prospects could start to improve in mid 2015 as new initiatives gain momentum. Reports on a new trade-in promotion from Tesla are adding fuel to ...

In China, a rare criminal case in which evidence made a difference
FUZHOU, China — Hope is rare in China's courts. This is a country where 99.9 percent of suspects are found guilty. Where authorities put to death more convicted criminals each year than the rest of the world's countries combined. A major reason so few ...

Southern Chinese City of Shenzhen to Place Restrictions on Car Purchases
SHANGHAI—In another sign of a harsher environment for the automotive industry in China, the affluent southern Chinese city of Shenzhen has joined other major urban centers in placing restrictions on consumer car purchases. Analysts say that the ...

Breaking News: Indonesian search and rescue teams retrieve 40 bodies from ...
Breaking News: Indonesian search and rescue teams retrieve 40 bodies from ...

China Starts Website Promoting Its Claim Over Disputed Islands
China started an official website dedicated to an islet chain in the East China Sea that's at the center of a territorial dispute with Japan. The website, which went online today and uses the domain name “Diaoyu” in both Chinese and English, uses a ...

Iron Ore in Longest Streak of Gains Since July on China Stimulus
Iron ore climbed for a fourth day, the longest run of advances since July, on speculation the Chinese government will take measures to bolster growth, spurring demand in the world's biggest buyer. Ore with 62 percent content delivered to Qingdao, China ...

China fires officials over deadly factory blast
BEIJING — China's Cabinet announced on Tuesday the firing of the top two officials in an eastern city where an explosion at an auto parts factory in August killed 146 people in the country's worst industrial accident since 2005. The State Council also ...

China's Two Largest Trainmakers Plan to Merge in Share Swap
China's two biggest trainmakers said they plan to combine through a share swap, a move intended to boost exports of the country's high-speed rail technology. The merger between China CNR Corp. (6199) and CSR Corp. (1766) will be at a ratio of 1.1 CSR ...

2014: The Top Ten Stories In China's Health Sector
1. China formally enters post-Global Fund era By the end of 2013, the Global Fund to Fight AIDS, Tuberculosis and Malaria officially closed its portfolio in China. Having approved $1.81 billion to support China's fight against the three diseases, the ...

Power Station of Art Grows Up With a 10th Biennale
SHANGHAI — Few knew what to expect of the Power Station of Art when it blew onto the contemporary art scene here in 2012. Just one year earlier, the Power Station — the first state-owned contemporary art museum in China — had been but a half-baked ...

In China, app aims to shame polluters by showing who is fouling air
Sitting at a desk in his small office here, Ma Jun, one of China's best-known environmental advocates, shows off his latest tool in the fight against the nation's crippling air pollution: a computer app. Displayed on a tablet, the app shows a map of ...

Hong Kong Police Try to Take 14-Year-Old Protester Away From Parents
A teenage girl in Hong Kong who was arrested after drawing chalk flowers on a wall during recent pro-democracy protests could be removed from her father's care. The girl, 14, was arrested on Dec. 23 at a staircase leading to the Central Government ...

Breaking News: Indonesian search and rescue official denies body recovered ...
Breaking News: Indonesian search and rescue official denies body recovered ...

Yuan Posts First Annual Drop Since 2009 as China Growth Slows
China's yuan posted its first annual decline in five years as a slowing economy prompted policy makers to cut interest rates at a time when the U.S. is preparing to raise borrowing costs amid quickening growth. Expansion in China probably cooled to 7.4 ...

China eases rules for overseas listed firms to send FX home
SHANGHAI (Reuters) - China will no longer require local firms which go public abroad to get approval to remit foreign exchange raised in listings back home, seen as a small step toward relaxing capital flows. With immediate effect, overseas listed ...

China Considers Regulation to Make Mass Firings More Difficult
China is considering changes to its labor laws that would make it harder for companies to fire a large numbers of workers, as the country's status as a source of cheap labor steadily erodes. Under the draft changes, employers would be required to seek ...

2014 Predictions: How Did We Do?
It's that time of the year again — time to look back on the previous 12 months and assess how we did in terms of predicting the course of events in China. But first, let's set the stage. At this time last year, China had just announced a 60-point ...

China needs a Lehman moment as zombie risk grows
TOKYO — As they prepare for 2015, China's leaders should learn from the experience of Japan in 2014. There is mounting evidence that Japan may have squandered its best chance for a meaningful recovery in more than a decade. The country is in ...

China's Nuclear Upgrade Raises Concerns in the West
There is plenty to be said about 2014; a year marked by major shifts in geopolitics: ISIS redrawing the borders in Iraq and Syria, possibility of normalization of relations between the US and Cuba, unexpected falling oil prices, and the near collapse ...


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