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China News 09/2015 (Page 5)



Donald Trump's Great Wall — it didn't work for the Ming Dynasty either
Donald Trump is vowing to build a wall along the U.S. Southern border with Mexico, likening it to the Great Wall of China and even dubbing his proposed border barrier "The Great Wall of Trump." It's a key part of a tough-on-immigration stance that has ...

China's currency could double losses this year - economists
Watch out! China's currency is likely to tumble further before the end of the year, according to a CNNMoney survey of economists. The yuan, also called the renminbi, is expected to slide another 2.8% against the U.S. dollar by the end of 2015 ...

In China, grassy fashion trend sprouts on people's heads
Beijing (CNN) Sprouts, grass, and flowers are blossoming from Chinese people's heads -- and nobody quite knows why. We're referring, of course, to sprout hair clips -- a brand new Chinese fashion fad that seems to have grown organically out of the ...

China Brings Back Old Master as Leaders Retool State-Run Sector
When top leaders from China's Communist Party made their annual pilgrimage to the seaside resort of Beidaihe last month, they turned to an old master for economic advice, according to people with knowledge of the matter. The leadership, ensconced on ...

Iran says wants China's help to resolve Middle East tensions
BEIJING Iran wants China's help to resolve tensions and unrest in the Middle East and is ready to play host to more Chinese firms once sanctions against it are lifted, Iran's foreign minister said on Tuesday. China and Iran have close diplomatic ...

China vows to loosen market access 'negative list'
BEIJING China's economy must open wider to the world to fuel national growth, President Xi Jinping said on Tuesday, as the country's reformers vowed to gradually loosen a "negative list" regulating foreign market access. China has repeatedly pledged to ...

China stocks resume sharp slide as economic worries mount
SHANGHAI Chinese stocks dropped by almost 4 percent on Tuesday, denting hopes that a slew of regulatory measures issued by Beijing over the past three months had brought some stability to the market. Concerns about the Chinese economy mean stocks ...

China appears to be building another airstrip in the South China Sea
China appears to have started building the foundation for a third airstrip in the hotly-contested South China Sea, according to a report Tuesday from Reuters. The airstrip's construction, according to the report, appears to have started on Mischief ...

China's finance minister wants better corruption fighting mechanisms
SHANGHAI China's finance ministry must make better use of corruption inspections and take the work of inspections to a new level, the ruling Communist Party's top anti-graft watchdog quoted finance minister Lou Jiwei as saying on Wednesday. Chinese ...

Japan to Give Vietnam Boats, Equipment Amid China's Buildup
Japan will extend 100 billion yen ($832 million) in infrastructure aid to Vietnam and provide patrol boats as the two countries vow to expand ties amid growing concern over China's muscle-flexing in disputed areas of the South China Sea. Japan will ...

China's Changing Business Landscape: Zaha Hadid On The Cheap
(This is part of a series of articles about how businesses in traditional industries in China are adapting to slower growth in the world's No. 2 economy). When Chinese billionaire couple Pan Shiyi and Zhang Xin started Soho China back in 1995, the real ...

China continued South China Sea reclamation despite halt claim: expert
WASHINGTON China was carrying out land reclamation in contested waters of the South China Sea this month, more than four weeks after saying it had stopped such activity, a U.S. expert said on Tuesday, citing recent satellite images. The evidence of ...

New reforms open China's borders and business
BEIJING, Sept. 16 (Xinhua) -- China is working to open its economy wider to the world as persistent headwinds threaten to derail growth. Promoting opening up while pushing forward reforms will add new impetus and vitality, President Xi Jinping said at ...

Obama to Host China's Xi Amid Tensions
WASHINGTON—. Chinese President Xi Jinping next week will make his first state visit to the U.S., a White House statement confirmed Tuesday, a trip that comes at a time of increasing disagreement between Washington and Beijing. President Barack Obama ...

South Pole Mystery: Did China Bring Hot Pot There?
The Twitter post tagged both #hotpot and #Antarctica was simply too delicious for me to resist. The post from China's official Xinhua News Agency described a Chinese restaurant operating in the frozen continent of Antarctica to support state-backed ...

China plans to quickly spend 200 billion yuan in unused government funds: planner
BEIJING China plans to invest about 200 billion yuan ($31.4 billion) in unspent fiscal funds as soon as possible, an official from the state planner said, adding it was not accurate that authorities had seized untapped local government allocations ...

Charting the Markets: China Rebounds as the Fed Wait Ends
The long wait is almost over. The Federal Reserve begins its two-day policy meeting on interest rates today and economists surveyed by Bloomberg are split on the outcome. Traders seem more certain, putting the probability of a rate hike at 32 percent, ...

China Tries to Extract Pledge of Compliance From US Tech Firms
HONG KONG — The Chinese government, which has long used its country's vast market as leverage over American technology companies, is now asking some of those firms to directly pledge their commitment to contentious policies that could require them ...

Fighting China's Environmental War One Building at a Time
As China's President Xi Jinping prepares for his visit to the United States, pressure is mounting on both sides to identify potential areas of cooperation amid ongoing contention. Yet, intractable issues dominate the agenda for the two Presidents ...

China's island airstrips to heighten South China Sea underwater rivalry
HONG KONG China's apparent construction of a third airstrip on its man-made islands in the disputed South China Sea could fill a gap in Beijing's anti-submarine defenses, complicating operations for the U.S. Navy and its allies, Chinese and Western ...

China to prosecute former official for 'crazily luxurious' club
BEIJING China's ruling Communist Party will prosecute a former senior city government official who connived with businessmen to build a "crazily luxurious" private club modeled on Beijing's famous "Water Cube" Olympics swimming venue. Since President ...

China's Coal Consumption 14% Higher Than Previously Thought
Everyone knew China needed a lot of coal as its economy hummed along in recent years. Now the world is finding out just how much. A newly released analysis of Chinese government data by the U.S. Energy Information Administration found over the past ...

China, U.S. Reach Agreement on High-Speed Rail Before Xi Visit
Construction of the 370-kilometer (230-mile) Southwest Rail Network will begin as soon as next September, according to a statement from Shu Guozeng, an official with the Communist Party's leading group on financial and economic affairs. The project ...

China VCs Are Going Crazy for Girl Groups
The scene at Shanghai's Pudong International Airport on Sept. 4 was a madhouse. The all-girl singing troupe SNH48, one of China's top musical acts, was scheduled to return to China after shooting music videos in Paris and Prague. Some particularly ...

China Stocks Sink in Late Trade With Volatility at 18-Year High
China's stocks sank in the last 30 minutes of trading in thin volumes as traders tested the limits of state support amid the biggest price swings since 1997. The Shanghai Composite Index slid 2.1 percent to 3,086.60 at the close, wiping out an advance ...

No Respite For China As CMI Falls To 3.0%
China's authorities stick to 7% growth estimates, but they belie their words, as they continue to loosen policy attempting to stimulate economic activity and prop up the domestic stock market. To-date, there is little evidence that their measures are ...

Fund Manager Who Beat The'08 Crash Thinks The China Trouble Is Just Beginning
Remember a few weeks ago when a weak run of economic data from China and a devaluation of its currency meshed with concerns over the Federal Reserve's potential September rate hike to spark a cascade of selling? Seems like ancient history with ...

China asks some US tech firms to pledge commitment to its policies: NY Times
SHANGHAI China is asking some U.S. technology firms to directly pledge their commitment to contentious policies that could require them to turn user data and intellectual property over to the government, The New York Times reported. Citing unidentified ...

Fed Delaying Liftoff Opens Up Easing Window for Korea, Taiwan
The Federal Reserve's decision to delay raising interest rates has opened a policy window for Taiwan and South Korea to cut borrowing costs as the risk of outflows drops. Sovereign bonds from the two Asian economies rallied Friday after the Fed ...

China's Big Industry Braces for Five-Year Pain
China is about to unveil a new Five-Year Plan development blueprint for 2016 to 2020. For China's giant smog-belching industrial sector, it might as well be called a five-year pain. Once the poster children of China's arrival as an economic superpower, ...


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