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China News 02/2015 (Page 3)



Chinese boat Dongfeng sets pace for Ocean Race fourth leg
SANYA, China — China's Team Dongfeng led the fleet out of its home port of Sanya on Sunday for leg four of the Volvo Ocean Race, a 5,264-nautical mile trip to Auckland that promises particularly treacherous conditions in the first two days. Once the ...

China Has Just Crossed a Landmark Threshold
Back in July 2013, the think tank Heritage Foundation predicted that China's outbound investment “could very well exceed $80 billion [by the end of the year] and is on course to breach $100 billion by about 2016.” With all due respect to the Heritage ...

Beijing dazzling for U.S. tourists
In China's capital city, the ancient and the modern exist side by side. From the legendary Great Wall and Forbidden City to cool microbreweries and bars in the Drum and Bell Tower district, there's a wealth of eye-opening sights for travelers to ...

China Buys Brazil's Soccer Dominance as Players Move for Big Pay
(Bloomberg) -- The top goal scorers in China's Super League might sound familiar -- to a Brazilian soccer fan. Half of last season's top 10 are from Brazil with just one Chinese player, Shanghai SIPG midfielder Wu Lei, on the list. When the league ...

China's president plans state visit to US this year
BEIJING — China's President Xi Jinping will travel to the United States this year, his first state visit since taking over the ruling Communist Party in 2012. No dates have been announced for the planned visit and both sides are still discussing ...

'Desperate' China Technocrats Worry About Balance Of Payments Crisis
Chinese President Xi Jinping attends a meeting with French Prime Minister Manuel Valls at the Great Hall of the People on January 30, 2015. Chinese stocks as measured by the Shanghai Composite Index fell 1.2% on Thursday. The decline was attributed to ...

China Net Regulator Rejects 'False Allegations' Amid Complaints
(Bloomberg) -- China's Internet regulator said countries must resist making false allegations and manage the web together, after U.S. business groups raised concerns that new security policies may block foreign technology in the country. “Cyberspace is ...

More stimulus isn't the answer to China problems
Few buzz phrases scare economists more than "new paradigm." If such things existed, Japan would still dominate the world economy, risk would have been eliminated from Wall Street, and the euro would have spread boundless prosperity from Berlin to ...

China's hardfisted expansionism must be replaced with 'rule of law'
Aspiring to force an order of relations among nations in Asia that would center on China: This basic policy line of the administration of Chinese President Xi Jinping will most likely remain unchanged. China's gross domestic product, which became the ...

Stocks Head Lower as Concerns Mount Over China, Greece
NEW YORK — Concerns about the world economy helped tug U.S. stocks down early Monday. Major indexes followed European markets lower as worries mount over Greece's standoff with its creditors. KEEPING SCORE: The Dow Jones industrial average ...

In China, Heavy Industry Unexpectedly Falls Sharply
HONG KONG — Steel prices in China have fallen 12 percent in the first five weeks of this year — almost as much as in all of last year — as demand dwindles. China's imports of rubber, oil, iron ore and other industrial materials also fell sharply in ...

China executes billionaire mining tycoon
WUHAN , China, Feb. 9 (UPI) -- A billionaire mining tycoon was executed in China Monday with four associates, after being convicted for running a Mafia-style business empire. Liu Han, 49, his younger brother Liu Wei and three associates were executed ...

China Tells Schools to Suppress Western Ideas, With One Big Exception
BEIJING — They are out there, hiding in library stacks, whispering in lecture halls, armed with dangerous textbooks and subversive pop quizzes: foreign enemies plotting a stealthy academic invasion of Chinese universities. So says China's education ...

Swiss leaks show deposit by daughter of China's ex-premier
BEIJING — Li Xiaolin, daughter of a former Chinese premier known for his support of the bloody military crackdown on the 1989 democracy movement, held as much as $2.48 million in a secret HSBC account in Switzerland, the International Consortium of ...

Derrière Diplomacy: Chinese Consumers Swamp Japanese Toilet Stores
Call it backdoor diplomacy. In what might be called a sign of easing tensions between China and Japan, Chinese shoppers have been flocking to their island neighbor in droves to snap up toilet seats. Lest one should be inclined to pooh-pooh, these are ...

China worried as Myanmar fighting pushes refugees across border
BEIJING (Reuters) - China's expressed concern on Tuesday about renewed fighting between Myanmar rebels and government forces which forced civilians to cross the border to seek refuge in China. The fighting flared up in the Kokang region of northeast ...

Philippines Protests China Land Reclamation at Another Reef
The Philippines has protested Chinese land reclamation at a disputed reef in the South China Sea, saying it violates Manila's exclusive economic zone. Foreign Affairs Department spokesman Charles Jose said Tuesday a diplomatic protest was handed to a ...

As US Exits, China Takes On Afghanistan Role
In December, representatives of the U.S., China and Afghanistan met for private talks in London, the first time the three countries convened to seek ways to forge peace in Afghanistan, a senior U.S. official said. The previously undisclosed meeting ...

China slates environment ministry after graft probe
BEIJING (Reuters) - China's main anti-graft body reprimanded the environment ministry on Tuesday for a series of problems, including interference by ministry officials and their relatives in environmental impact assessments. Environmental degradation ...

China finds natural gas field in South China Sea
Beijing • China said its recent gas discovery in the politically volatile South China Sea could yield 100 billion cubic meters of natural gas, underlining Beijing's determination to extract resources from waters claimed by several nations. The Lingshui ...

The 'New Normal' for Doing Business in China
Beijing. Doomsayers are predicting an unpleasant end to China's three decades of breakneck economic growth, and the most recent survey of American companies would seem to buttress that view. For U.S. firms in China, 2014 was the most ...

China's CNR says interested in buying foreign rail technologies
TANGSHAN/SHANGHAI, China (Reuters) - China CNR, one of the country's top trainmakers, said it was interested in buying foreign rail-linked technologies as China seeks to export its high-speed trains and rail expertise. "We are interested in rail ...

Meet China's New Power Collectors: What Do Key Art Market Players Think ?
If there is little doubt that a new generation of collectors from China is emerging, the question on many galleries and auction houses' lips is how to best capture this new demand? For this second part of “Meet China's New Power Collectors”, we are ...

Tesla Looks For New China Formula
Bottom line: Tesla's weak China performance owes mostly to its lackluster marketing to wealthy, status-conscious Chinese car fanatics, but its situation could quickly improve if it finds a new marketing-savvy country head. After roaring into China last ...

Survey: American Firms Feel Unwelcome, Targeted in China
BEIJING—. Top-level managers at some 500 American companies in China say that although their businesses are turning a profit, they increasingly feel unwelcome and targeted for scrutiny by the Beijing government. According to the results of the ...

Russian dual-screen YotaPhone places big bet on China
FRANKFURT, Feb 11 (Reuters) - Russia's Yota Devices, the maker of a dual-screen smartphone which has so far proved a flop with consumers, has reached its first mass market distribution deal with an agreement to sell phones in China through ...

Economic nationalism isn't in China's interests
China's move to fine Qualcomm a record $975 million for tactics the government claimed hurt consumers hardly seems like a win for the San Diego-based chipmaker. Still, it's a slap on the wrist for CEO Steve Mollenkopf's company, which generated more ...

US Alleges That China Unfairly Helps Its Exporters
The United States is challenging China at the World Trade Organization, alleging that the Chinese government unfairly subsidizes exports in seven industries. The Office of the U.S. Trade Representative said Wednesday that China designates certain ...

China's Stocks Rise for Fourth Day as China United Surges
(Bloomberg) -- China's stocks rose for a fourth day as phone companies rallied on speculation of a merger and consumer shares extended gains on prospects for increased sales during the Chinese new year holiday. China United Network Communications ...

China's top graft-buster targets 26 big state firms for inspection this year
China's Politburo Standing Committee member Wang Qishan yawns during the Chinese People's Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing March 3, 2014. Credit: Reuters/Jason Lee/Files ...


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