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China News 07/2015 (Page 3)



China car hailing app Didi Kuaidi raises $2 billion as Uber rivalry intensifies
BEIJING China's dominant mobile car-ride hailing company Didi Kuaidi said it raised $2 billion in a fundraising round as competition with U.S. rival Uber Technologies Inc heats up on its home turf. Didi Kuaidi, which has the largest market share of car ...

China Ramps Up Policy Response as Panic Grips Stock Market
China's policy makers are up-sizing their response to an equities rout that's erased $3.5 trillion in value after measures so far failed to quell investor panic. Among the latest developments, state-backed China Securities Finance Corp. is seeking at ...

Early Look: China's Economy Likely Continued to Cool Down in Second Quarter
China's economy probably continued to lose momentum in the second quarter of the year, in spite of a string of measures rolled out by Beijing to shore up growth, economists say. The gross domestic product of the world's second largest economy likely ...

China Mulls Privacy Protection, Further Curbs on Internet
BEIJING — Chinese authorities have proposed a sweeping but vaguely worded Internet security law that would strengthen protection of private information, ban hacking activities and also allow authorities to restrict Internet access to maintain public ...

Philippines Asks Tribunal to Invalidate China's Sea Claims
The Philippines has asked an international tribunal to declare China's claims to virtually all the South China Sea invalid, saying Beijing's actions have trampled other nations' rights and damaged vast coral reefs irreversibly. Foreign Secretary Albert ...

Both China and Taiwan have S.China Sea obligations, says Beijing
BEIJING Both China and Taiwan have an obligation to assert claims to the South China Sea, China's Foreign Ministry said on Wednesday, in a sign of rare political agreement between the old foes on either side of the Taiwan Strait. Rivals China and ...

China Ousts Russia as Riskiest BRICS Market for Options Traders
Shanghai stocks overtook Moscow-listed equities as the riskiest for investors in the so-called BRICS universe on Wednesday for the first time since the build-up to Russia's military intervention in Crimea in February 2014. Expectations for price swings ...

Time to worry about China's impact on your 401(k)?
An investor observes an electronic board at a stock exchange hall on July 7, 2015 in Shenyang, China. The 30 percent plunge in the Shanghai composite has China's government stepping in to orchestrate a $19 billion stock purchase program to prevent a ...

What China's bursting stock bubble means for the US economy
China is a long way from Greece and the high-profile debt troubles of the Eurozone, but its stocks have been taking a far worse beating in recent days. On Wednesday, the growing investor panic over Chinese stocks shook confidence in Beijing's ability ...

China stock market crash punches a hole in Xi's China Dream
BEIJING — What had been hailed as a bull market that would rejuvenate the nation has turned into a burst bubble, and fevered government efforts to arrest a month-long slide in stock prices proved fruitless Wednesday. Shanghai's main share index fell 5 ...

China Poses Bigger Threat Than Greece to Indonesia, Kalla Says
China is a bigger risk to Indonesia's economy than the Greek crisis, threatening investment and demand in the Southeast Asian nation, Vice President Jusuf Kalla said as Chinese stocks crash and growth slows. “For us the situation in China is more ...

Nissan Monitoring China for Impact of Stocks Rout on Confidence
Nissan Motor Co., the biggest Japanese carmaker by sales in China, said it's monitoring the equities rout in the country because an abrupt plunge in the stock market may affect consumer confidence. Chinese stocks have lost about $3.9 trillion in market ...

China Stock Market Slump's Silver Lining for Xi
By Russell Leigh Moses. Russian President Vladimir Putin greets Chinese President Xi Jinping during the welcoming ceremony at the BRICS Summit in Ufa, Russia. European Pressphoto Agency. China's continued stock market instability is anything but ...

Sinosphere | What You Need to Know About China's Draft Cybersecurity Law
Surveillance cameras in Tiananmen Square, Beijing. The release of draft legislation on cybersecurity in China followed the recent passage of a law on national security.Credit Wu Hong/European Pressphoto Agency. Email; Share; Tweet; Save; More. China ...

Sinosphere | Conservationists in China Seek to Get Firefly Parks Closed
Fireflies near Wuhan, Hubei Province. On Thursday, Shanghai's first firefly exhibit canceled its opening over safety issues.Credit Fu Xinhua. Email; Share; Tweet; Save; More. A program inviting Chinese city dwellers to reconnect with nature by visiting ...

Angolans resentful as China tightens its grip
LUANDA When a halving of oil prices left a gaping hole in Angola's finances this year, it became clear sub-Saharan Africa's third largest economy needed help fast - and President Jose Eduardo dos Santos knew exactly where to turn. But the multi-billion ...

Wall St. set to open higher as China stems rout
(Reuters) - Wall Street was set to open higher on Thursday after Beijing's efforts to halt a rout in Chinese stocks finally bore fruit and the U.S. Federal Reserve's June meeting minutes indicated that a rate hike might be pushed back. U.S. stocks fell ...

China Security Ministry to Probe 'Malicious' Short Selling
China's police ministry is teaming up with the securities regulator to probe short selling, as the government works to stem a stock plunge that has erased $3.9 trillion in market value. The Ministry of Public Security said it will help the China ...

Why We Shouldnt Worry About China
Over the past month, as Greece has occupied headlines, China has been rocked by a crashing stock market. The oscillations appear far from over, with the Shanghai exchange up 6 percent on Wednesday having plummeted more than 30 percent in the ...

Fidelity Joins Goldman Saying Buy China Stocks After Market Rout
Fidelity Investments, which oversees the largest China funds outside of the mainland, is joining Goldman Sachs Group Inc. in saying that Chinese stocks are a buy following the worst selloff in two decades. “As far as the fundamentals are concerned, we ...

SOUTH CHINA SEA WATCH: China's Island-Building Almost Done
The dispute over the strategic waterways of the South China Sea has intensified, pitting a rising China against its smaller and militarily weaker neighbors who all lay claim to a string of isles, coral reefs and lagoons mostly in the Spratly and the ...

China Slashes Vehicle Sales Forecast to 3% Amid Stocks Rout
China slashed its forecast for vehicle sales in the world's largest market, projecting deliveries to expand at the slowest pace in four years amid a stock-market rout that threatens to dent consumer sentiment. Total vehicle deliveries including trucks ...

China Market Moves Spurred by Concerns Over Broader Damage
As China's stock market plunged in recent weeks, Communist Party leaders moved quickly to intervene. What were they so afraid of? Government moves included a halt in initial-public offerings, setting up a stock-buying fund of $19.3 billion and a ban on ...

China's falling stock market hurts GM, Ford
The continuing free fall of China's stock markets may be a temporary correction, but for automakers, including General Motors and Ford, it's the first bump in what once appeared to be a glide path to perpetual growth. For the last 20 years, China has ...

China stock rout batters Asian firms linked to giant economy
SINGAPORE China's four-week-long stock market rout has wiped 28 percent off the Shanghai Composite Index .SSEC and also inflicted pain on Asian firms most exposed to its mammoth economy. Korean exporters, Australian miners and Japanese tourism ...

China will increase targeted policy adjustments: premier
BEIJING China will make more targeted changes to its policies to support the Chinese economy, Premier Li Keqiang said on Friday, noting that the country needs to invest "great effort" to foster economic growth. At a meeting of government officials to ...

Video: New thrills in old Yangshuo
For generations, Yangshuo has been a handy starting and stopping point for boaters along China's beloved Li River. But in recent years -- as this video shows -- the city has nearly burst with tourism-fueled growth. When I visited with my family in 2013 ...

China's Richest People Just Lost About $100 Billion in a Month
Billionaires from China and Hong Kong who rank among the 400 wealthiest people on earth gained $121 billion this year through June 12, 2015, when equity markets peaked there. They lost almost $100 billion as shares plummeted this month, including $30 ...

How China might have given itself a black eye
Mainland China's heavy-handed intervention in its stock market raised plenty of eyebrows in the financial community this week and damages the credibility of its broader efforts to become a more open market. ( Tweet This ). In reaction to the roughly 30 ...

A Philippine island of 120 warily watches China's military might in action nearby
MANILA — On a clear night, the Filipinos who live on Pagasa Island -- a speck in the vast South China Sea -- can see the floodlights from giant Chinese cranes working around the clock, dredging sand to build on a nearby reef. Life on the atoll with ...


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