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China News 08/2015 (Page 8)



China growth panic is overdone, experts warn
The turmoil gripping China's equity market doesn't reflect the broader condition of the world's second largest economy, some economists and analysts said, as Shanghai stocks resumed their downward spiral on Tuesday. "The collapse of the equity bubble ...

China Reveals Guest List for Big Military Parade
Thirty countries will send senior leaders to China's World War II Victory Day parade, Beijing said, but the guest list doesn't include major Western leaders or North Korean supremo Kim Jong Un. Many Western nations have been reluctant to send their ...

West and Japan snub China parade but Putin, North Korean official coming
BEIJING Major Western leaders will not attend a military parade in China next week to mark the end of World War Two, leaving President Xi Jinping to stand with leaders and officials from Russia, Sudan, Venezuela and North Korea at his highest-profile ...

Big-Winner Australia Shudders as China Rout Darkens Outlook
Australia, the world's most China-dependent developed economy, is looking on in dread at the prospect of weaker demand for its exports that threatens growth and could undermine the government's re-election program. Just three months ago, Treasurer Joe ...

Echoes of Mao as China's Xi Prepares to Pardon Prisoners
Having already unleashed a procession of extraordinary measures to smooth the way for a military parade next month marking the 70th anniversary of the end of World War II, Beijing is poised to add another: commuted sentences for some of the prisoners ...

China oil rig to keep drilling in waters disputed with Vietnam
BEIJING A Chinese oil rig at the center of last year's standoff between China and Vietnam will continue drilling not far from Vietnam's coast, China's maritime safety authorities said on Tuesday. The deployment of the $1 billion deepwater rig last year ...

Survey shows unexpected increase in German business confidence despite market ...
Survey shows unexpected increase in German business confidence despite market ...

China Said to Halt Stock Support Amid Intervention Debate
China's decision to halt intervention in the stock market this week reflects a debate at the heart of the country's leadership on the role of markets in the world's second-largest economy. Authorities have refrained from intervening so far this week as ...

How one US manufacturer is buffering against China
As global stock markets rebounded Tuesday despite China's continued selloff, the focus now is on China's economy and whether leaders can engineer a smooth slowdown. With little hope of a surge in consumer-led domestic demand, China is turning to its ...

The World Struggles to Adjust to China's 'New Normal'
China's leaders have warned their people they need to accommodate a “new normal” of economic growth far slower than the rate that propelled the economy into the world's second-largest in the past two decades. Now, the rest of the world also needs to ...

China's Journey from New Normal to Stock Market Crisis Epicenter
“When the wind of change blows, some build walls while others build windmills.” In late January, Chinese Premier Li Keqiang shared that proverb with global leaders in a keynote speech at the World Economic Forum in Davos. Li Keqiang, China's premier, ...

Bull or Bear? As China Stocks Tumble, One Man Pins Hopes on a Statue
Cai Mingchao is annoyed by the bears. Specifically, as China's stock markets have turned fiercely bearish, wiping out more than $1 trillion in value from equities, Mr. Cai suggested the country would be wise to stop airing TV programs featuring bears ...

Major leadership changes signal uncertainty in China's telco market
Recent leadership changes among China's top three telcos are the most significant in a decade, indicating uncertainty in the local telecom market. The 64-year-old chairman of China Mobile, Xi Guohua, has retired, while the top honchos at China Telecom ...

Republicans line up to take potshots at China
When Chinese President Xi Jinping arrives in Washington next month for his first state visit to the US, he will be jumping into the kind of political cauldron the Communist party does not tolerate in China. As Beijing struggles to contain the market ...

World shares sag as China jitters persist
LONDON World shares sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilise its slowing economy or halt a stocks collapse that is wreaking havoc in global markets. Europe's main stock markets, which had surged ...

The Republican presidential field's embarrassing response to China's financial ...
The Republican presidential field's embarrassing response to China's financial ...

Heard of China's Fake Rolexes? Now There's a Fake Goldman Sachs
China has been accused of pirating movies, handbags, Rolexes -- even cars. Add Goldman Sachs to the list. Goldman Sachs (Shenzhen) Financial Leasing Co. has been operating in the city just across the border from Hong Kong using a nearly identical ...

Insight - China market chaos blamed on exodus of regulatory 'turtles'
SHANGHAI At the height of the 2008 financial crisis, as Wall Street slashed jobs, Beijing took advantage of the disarray to poach top Chinese financial talent from overseas to help reform its stock markets. By summer 2015, China's Securities Regulatory ...

China Detains 11 in Deadly Tianjin Blasts
BEIJING—Chinese prosecutors on Thursday accused 11 municipal officials and port executives of negligence and abuse of power in connection with the deadly warehouse explosions this month in the northeastern city of Tianjin. The group includes Tianjin ...

China stocks jump on US rally, yuan edges up
HONG KONG/SHANGHAI China's turbulent stock markets rose sharply on Thursday, helped by a strong rebound on Wall Street on expectations that the U.S. Federal Reserve will respond to days of China-led volatility by delaying an expected interest rate rise ...

​Could China's massive overcapacity drive markets even lower?
Years before China was drawing attention its ongoing economic slowdown, U.S. tire and steel producers were screaming foul over what they alleged was the Mainland's flooding of the world with cheap goods. Now there are signs that "dumping" strategy is ...

China says WW2 victory for all Chinese as prepares to welcome Taiwan official
BEIJING/TAIPEI World War Two was a victory for all Chinese people and Nationalist veterans from Taiwan will be warmly welcomed at a military parade next week, China's Defence Ministry said on Thursday, as Beijing prepares to welcome a former senior ...

Will the Next Recession Be Made in China?
When the Dow Jones industrial average fell almost 1,100 points soon after the opening bell on Aug. 24, the world suddenly seemed like a very small place. A tidal wave of stock selling that began in Shanghai had rolled all the way into lower Manhattan ...

China denies rushing forces to border during Korean tensions
BEIJING China did not rush reinforcements to its border with North Korea following a rise in tensions between the two Koreas last week, China's Defence Ministry said on Thursday, adding that its forces were in normal deployment. Pictures circulated on ...

Exporters run for high ground as China growth story unravels
FRANKFURT The alarming scale of China's economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary to sustain margins. As Chinese rivals gain expertise in areas from ...

Lawyer Who Represented Churches in China Is Missing
HONG KONG — A lawyer who energetically represented Christian churches whose crosses were torn down by the Chinese government has disappeared, probably into police custody, a colleague and supporters said on Friday. The lawyer, Zhang Kai, ...

China Will Respond Too Late to Avoid Recession, Citigroup Says
China is sliding into recession and the leadership will not act quickly enough to avoid a major slowdown by implementing large-scale fiscal policies to stimulate demand, Citigroup Inc.'s top economist Willem Buiter said. The only thing to stop a ...

China gets 1-2 in sporting finish to 20K walk at worlds
BEIJING — With China's first gold of the world championships virtually assured, the only thing for teammates Liu Hong and Lu Xiuzhi to decide was who should win it. Liu and Lu entered the Bird's Nest side by side at the end of the women's 20-kilometer ...

Exclusive: China aluminum shake-up planned in state reform push
HONG KONG China is trying to push its two biggest aluminum businesses together as part of a planned shake-up of state-owned enterprises (SOEs), industry sources said, a move that would create the world's largest aluminum maker. Power company State ...

Only Way Is Up for China Markets as Xi Prepares for WWII Parade
Chinese stocks rallied for a second day and the yuan gained the most since March on speculation authorities are propping up markets before President Xi Jinping takes the stage at a World War II victory parade next week. The government resumed ...


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