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China News 03/2015 (Page 8)



UPDATE 2-China says will control risks as yuan becomes more convertible
(Adds comment on cross-border capital inflow). BEIJING, March 26 (Reuters) - China will control economic risks as the country pushes reforms to make the yuan convertible on the capital account, the foreign exchange regulator said on Thursday. "It's ...

China to invite foreign militaries to take part in parade
BEIJING — In an unusual step, China's insular military will invite foreign armed forces to take part in a lavish military parade in Beijing this fall marking the 70th anniversary of victory over Japan in World War II, an official said Thursday ...

Philippines says China rushing construction in disputed sea
MANILA, Philippines — The Philippines' top diplomat said Thursday that China has been rushing construction projects, including massive land reclamation, in the disputed South China Sea in hopes of forestalling any legal moves against its vast ...

Another US ally, South Korea, seeks to join China-backed AIIB
SEOUL (Reuters) - South Korea said on Thursday it has decided to seek to be a founding member of the Asian Infrastructure Investment Bank (AIIB), another key U.S. ally joining the China-led institution despite Washington's misgivings. South Korea's ...

US Isolated as Allies Line up to Join China-Led Bank
U.S. resistance to a Chinese-led Asian regional bank has left it isolated among its Asian and European allies and given some heft to China's frequent complaints that Washington wants to contain its rise as a world power. South Korea, one of America's ...

China's Stocks Rebound as Rail and Construction Companies Rally
(Bloomberg) -- China's stocks rose, capping a third week of gains for the benchmark index, as industrial companies rallied after the government signaled it will accelerate overseas infrastructure projects to reduce overcapacity. China Communications ...

Beijing assures Olympic security as 2022 bid inspections end
BEIJING — Chinese officials said Friday they can provide a secure environment for a Winter Olympics in Beijing, as IOC evaluators wrapped up their five-day inspection tour of the city's 2022 bid. Bid official Zhang Jiandong said Beijing had a proven ...

China's Stolen Monk Mummy Controversy Spurs Claims of Another
A mummified monk encased in a Buddha statue that China claims was stolen from a village in eastern China a decade ago may not have been the only such mummy to go missing from the region. A similar mummy, also encased in a statue, was stolen from ...

China Lends a Hand to Debt-Laden Real-Estate Companies
SHANGHAI—Some Chinese property developers mired in debt and struggling with a deep housing slump are getting a helping hand from the Chinese government. Evergrande Real Estate Group this month said that three major state-owned banks as well as ...

Internet Plus: Can Mobile Commerce Fuel China's Economy?
China's online retail sales grew 49.7% to RMB 2.79 trillion last year, prompting Ma Jiantang, head of the National Bureau of Statistics, to comment: “This is where our hope lies.” It was by far the most high-profile signal that China's leaders, perhaps ...

China pulls back tax breaks for foreign companies
china tax manufacturing It's getting tougher for foreign firms to do business in China. Microsoft was recently caught up in an anti-trust probe. China is ordering local governments to roll back tax breaks promised to foreign businesses. Chinese cities ...

Tesla Bows To China Challenge With Market Reboot
Bottom line: Tesla's China reboot appears to be complete, paving the way for it to gain some traction in the market by year end if it can effectively target the nation's wealthy, image-conscious trend setters. Nearly a year after driving into China on ...

Opinion: An inside look at China's 'new normal' economy
CAMBRIDGE, Mass. (Project Syndicate) — Every year at this time, China's government organizes a major conference — sponsored by the Development Research Center, the official think tank of the State Council — that brings together senior Chinese ...

California's savior: China's president Xi Jinping
Dear President Xi Jinping: This is a thank-you note from California. Thank you, first off, for sustaining our neighborhoods through these last difficult years. Thank you for keeping wealthy Chinese so nervous about your purges of political opponents ...

China's Fear of Women With Pamphlets
China's growing crackdown on political dissent is stirring global protests and demands for the release of five women's rights advocates arrested this month as they sought to hand out leaflets as part of a campaign against sexual harassment on China's ...

China, Kazakhstan Sign $23.6 Billion In Deals
China's Premier Li Keqiang (R) talks with Kazakhstan's Prime Minister Karim Massimov (L) during a signing ceremony at the Great Hall of the People in Beijing March 27, 2015. REUTERS/Feng Li/Pool. (Reuters) - China and Kazakhstan have signed 33 deals ...

China Banks on Sharing Wealth to Shape New Asian Order
BOAO, China—President Xi Jinping sketched out China's vision for a new security and economic order in Asia, offering to spread the benefits of Chinese prosperity and cooperation across the region. In a speech to a regional forum Saturday, Mr. Xi ...

China's latest power play comes at the expense of America
"Historians may record March 2015 as the moment when China's checkbook diplomacy came of age," said Paul Taylor and William James at Reuters. Beijing has spent several years trying to persuade Western nations to join its Asian Infrastructure Investment ...

Beijing Pledges to Hold Costs Down as 2022 Olympics Bid Examined
Beijing Mayor Wang Anshun said, “we compiled the budget plan in a scientific way, sticking to the principle of feasibility and prudence.” Photographer: Fabrice Coffrini/AFP/Getty Images. (Bloomberg) -- Beijing pledged to hold costs down after hosting a ...

Very Cute Mammal discovered in China for the first time
In last twenty years, a typical mammal (of very cute and small body) was discovered in the China. This aspect is filmed in a video. Very Cute Mammal discovered in China for the first time. Ili pika's reappearance after two decades has researchers ...

China's Belt and Road; connecting the world
BEIJING, March 28 (Xinhua) -- China unveiled the principles, framework, priorities and mechanism for its Belt and Road Initiative Saturday. The plan for the Silk Road Economic Belt and 21st-Century Maritime Silk Road was issued by the National ...

UPDATE 4-More countries say to join China-backed AIIB investment bank
(Adds Georgia). SHANGHAI/RIO DE JANEIRO, March 28 (Reuters) - Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank (AIIB), adding clout to an ...

It's time for the world to adjust to China's global ambition
What's the longest bridge in the world? It's not San Francisco's Golden Gate, or Saudi Arabia's King Fahd Causeway (as a friend insisted when I asked him) or even one of those really long “over the horizon” ones in Scandinavia. The world's longest ...

Winter Olympics Inspectors Positive After Beijing Visit
BEIJING — IOC inspectors left Beijing Sunday after offering praise for the Chinese capital's bid for the 2022 Winter Olympics that, if successful, would make it the first city to hold both the winter and summer games. The inspectors' departure follows ...

Australia to Join Regional Development Bank Led by China
BEIJING — Australia plans to join an Asian infrastructure bank led by China, the government announced on Sunday, reversing an earlier decision taken at the urging of the United States not to become a member. The move made Australia the latest of a ...

China Voice: China remains a magnet for foreign investment
BEIJING, March 29 (Xinhua) -- Reports that China is losing its attraction as a major investment destination seem off the mark, as China remains a darling of foreign investors. Although labor costs have risen and growth last year was a 24 year low ...

China's Xi: Trade between China and Silk Road nations to exceed $2.5 trillion
BEIJING (Reuters) - China's President Xi Jinping said he hoped its annual trade with the countries involved in Beijing's plan to create a modern Silk Road would surpass $2.5 trillion in a decade. Xi also pledged to protect the interests of foreign ...

China announces fresh $146 million aid for Nepal
Giving further boost to its economic agenda in Nepal, China has announced a fresh aid package of RMB 900 million (nearly $ 145 million) for the Himalayan nation. The fresh package comes less than two weeks after China announced to increase its annual ...

Musk Reboots Tesla China Strategy as Range Anxiety Crimps Sales
A boy and a woman look at a Tesla Motors Inc. Model S electric vehicle on display at the company's showroom in Beijing, China, on Nov. 11, 2014. Photographer: Tomohiro Ohsumi/Bloomberg. Recommended. Germanwings Co-Pilot Had Sick Note for Day of ...

This Magic Number Can Make or Break You in China's Stock Market
In the past year, virtually no companies have completed initial public offerings in China at prices of more than 23 times reported earnings. Recommended. Germanwings Co-Pilot Had Sick Note for Day of Crash in His Home · A Worker on a Drilling Rig ...


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