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China News 07/2015



China and Japan show hints of healing, rest of Asia still struggling
SYDNEY Growth in China's services sector picked up in June while big Japanese companies planned to ramp up spending at the fastest pace in a decade, offering hope that prospects are improving for Asia's largest economies despite sluggish factory growth ...

Cost of China scandal for OSI nearing $1 bln - Xinhua
SHANGHAI, July 1 U.S.-based meat supplier OSI Group has lost around six billion yuan ($967.6 million) since a food safety scandal in China last summer, a senior China-based executive for the firm told the official Xinhua news agency. The report ...

China's Climate Goal Calls for Aggressive Push on Solar, Wind
China's new pledge to curb greenhouse gas emissions means the world's biggest carbon polluter must make a more aggressive push to install solar and wind power, according to an industry association. Faster adoption will be key to meeting commitments ...

China launches new oil and gas trading platform - Xinhua
BEIJING, July 1 A new trading platform for oil and gas was launched in China on Wednesday, state media reported, as the world's largest energy consumer looks to extend its influence over global commodity pricing. The Shanghai Petroleum and Natural Gas ...

Thousands Protest on Anniversary of Hong Kong's Return to China
HONG KONG — As Hong Kong marked the 18th anniversary on Wednesday of its handover from Britain to China, thousands of residents took to the streets in what has become an annual tradition of rallying for greater democracy. But in contrast to last year, ...

McDonald's, KFC Go High-Tech In China With Customization, E-Payments
Bottom line: KFC's and McDonald's latest moves to add high-tech elements to their China stores are a savvy way to update their images, and could help to attract a younger trendy crowd that has abandoned both chains in recent years. Leading global fast ...

China Adopts Sweeping National Security Law
BEIJING—China adopted a sweeping, new national security law that the government says is needed to counter emerging threats but that critics say may be used to quash dissent and exclude foreign investment. Approved by the legislature's standing ...

China and Japan Are Getting on Better. How Long Will It Last?
Chinese President Xi Jinping, right, with Japanese Prime Minister Shinzo Abe in Jakarta on April 22. Photographer: Bay Ismoyo/AFP/Getty Images. Don't Miss Out — Follow Bloomberg On. Facebook · Twitter · Instagram · YouTube. Sign up for email and ...

Snowbirds a rare bright spot in China property market
In winter, the dry polar winds that swept down from Siberia through the northeastern Chinese city of Shenyang used to send excrutiating pains through the arthritic legs of Zhang Fugui. However for her husband, Huang Fuxi, it was the smog from the city ...

Sinosphere | A Problem of 'Religion,' and Polling, in China
That's the conclusion of a poll by WIN/Gallup International, released earlier this year, that surveyed more than 50,000 people from 57 countries. In China, 61 percent identified themselves as atheist and 29 percent as nonreligious; 7 percent said they ...

Foreign Films Rise Again at China's Box Office
In the battle for China's box office, foreign films appear to be gaining traction this year. China's movie market is booming, with $3.3 billion worth of ticket sales in the first half of the year, up nearly 50% from the same period in 2014, according ...

China Expands Military Facilities on Man-Made Islands
China has nearly completed a military-length runway on one of the artificial islands it has built in the disputed South China Sea, according to satellite photos published by a maritime monitoring group. The Asia Maritime Transparency Initiative (AMTI ...

China Wary of Closer Russia Energy Ties, Ex-Cnooc Economist Says
China is wary of expanding energy investments in Russia because closer ties with the Kremlin could harm its relations with the U.S., according to a former researcher at China's biggest offshore explorer. The government in Beijing isn't prepared to ...

China navy holds first missile combat resupply drill
BEIJING, July 2 China's navy held its first drill simulating the resupply of missiles in a combat environment in the Yellow Sea, the Defence Ministry said on Thursday, the latest sign of the country's growing military prowess. The live-fire exercises ...

China's broad new security laws target 'cultural infiltration,' cybersecurity
China yesterday passed the first of three rounds of national security laws that deepen centralized control over all aspects of society and foreign interests. By Robert Marquand, Staff writer July 2, 2015. Save for later Saved. close. Military ...

In China, hostile foreign forces blamed for bursting stock market bubble
There are now officially more stock market investors in China than there are Communist Party members, Bloomberg reported this week. But if capitalists now definitively rule China, they have had a very rough few days. China's stock market slumped again ...

Security Law Suggests a Broadening of China's 'Core Interests'
BEIJING — After China enacted a sweeping national security law this week, one official said the measure was intended to safeguard the country's “core interests.” President Xi Jinping has repeatedly used the same term in speeches at international ...

US-China Adventure Film Already Creating Buzz
At a news conference in Beijing on Thursday, the actress Jing Tian, second from right, and the actor Pedro Pascal, right, take a selfie. From the left, the Hong Kong movie star Andy Lau, the American actor Matt Damon and the Chinese film director Zhang ...

China Cash-Hungry Builders Find New Funding Frontier on Internet
Developers in China have found one place where they can get easy money while Premier Li Keqiang seeks to avert a property slump. Cyberspace. Dalian Wanda Group Co., owned by China's richest man Wang Jianlin, said it broke a global crowdfunding ...

China stock rout worsens as watchdog opens probe
The bloodbath in Chinese equities extended into Friday, with the benchmark Shanghai Composite plunging as much as 7 percent amid reports that the securities market regulator has launched a probe into suspected market manipulation. The China ...

China's CCCC to float S.China Sea-linked dredging unit in Hong Kong
SHANGHAI, July 3 Chinese firm CCCC Dredging, which analysts say is involved with China's island-building work in the South China Sea, has filed an application to list on the Hong Kong stock exchange. The firm, which is being spun off by state-owned ...

China angered by new US military strategy report
BEIJING China's Foreign Ministry expressed anger on Friday after the Pentagon's updated National Military Strategy slammed Chinese claims in the South China Sea as aggressive and inconsistent with international law. China has become increasingly ...

China says to maintain financial cooperation with Greece
BEIJING China will continue to promote two-way cooperation with Greece, including in the financial sphere, and has already responded to Greek requests amid its debt crisis, the Foreign Ministry said on Friday. China sees Greece as a portal into both ...

China Expresses Displeasure With Turkey Accepting Uighurs
BEIJING — Beijing expressed displeasure with Turkey on Friday for accepting 173 ethnic Uighurs who fled China. Chinese Foreign Ministry spokeswoman Hua Chunying said the Uighurs had left China illegally, and that Beijing opposes "any actions that aid ...

Is 'China in Africa' something to fear?
Should the West fear China's growing influence on the African continent? While there is no question that China and Chinese companies are changing the way African politicians seek aid and investment, the relationship between the two sides is far more ...

UPDATE 4-Quake in rural China kills three, damages thousands of homes
(Revises down death toll). BEIJING, July 3 (Reuters) - A strong earthquake hit a rural part of China's far western Xinjiang region on Friday, killing three people, injuring dozens and destroying or damaging thousands of homes, the government and state ...

China Seals Economic, Trade Deals With Europe
LONDON—. For the past week, the red carpet has been rolled out across European cities for Chinese Premier Li Keqiang's visit. Climate change was high on the agenda – but economics and trade dominated. Speaking at a summit in Brussels, Li said China ...

An economist explains why the key to a free world lies with China
Freedom is a rarity in human history, and still too much of a rarity in the world today. This should be no surprise. Would-be tyrants abound, and it is not easy to establish a system that keeps them all in check. The wonder is that we can celebrate the ...

Taiwan stands up to China with World War II military parade
TAIPEI, Taiwan — Taiwan marched out thousands of troops and displayed its most modern military hardware Saturday to spotlight an old but often forgotten claim that its forces, not the Chinese Communists, led the campaign that routed imperial Japan ...

China says 6.5 quake in far west kills 3, collapses homes
In this photo taken on July 3, 2015 and released by China's Xinhua News Agency, soldiers carry out rescue work in Pishan county, northwest China's Xinjiang Uygur Autonomous Region. A magnitude 6.5 earthquake shook China's far-western region of ...


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