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China News 12/2015 (Page 2)



China's Economic Shift Will Benefit Distressed Debt And Special Situation Funds
Subscribe to China Money Network weekly newsletters to get the latest on China institutional investment news. Subscribe to China Money Podcast's Youtube channel, or our Youku channel. Xia Mingchen, a Hong Kong-based principal at Hamilton Lane's ...

How China's anti-corruption drive is hurting growth
Chinese authorities' anti-corruption campaign has knocked between 1 percent and 1.5 percent off the country's gross domestic product (GDP) annually over the past two years and continues to hit the economy, BNP Paribas has said. President Xi Jinping ...

Six Design Inspirations On China's Runways Today
Dooling Jiang of Digest Design calls Mother Nature her “best teacher.” Courtesy Digest Design. How do you define Chinese style? Dragons, embroidery and cheongsams are a few trademark images that come to mind. But modern influences can in fact be ...

China Creates a World Bank of Its Own, and the US Balks
BEIJING — As top leaders met at a lush Bali resort in October 2013, President Xi Jinping of China described his vision for a new multinational, multibillion-dollar bank to finance roads, rails and power grids across Asia. Under Chinese stewardship ...

China's AgBank president resigns for personal reasons - Shanghai exchange
BEIJING Dec 5 The president of China's third-biggest lender by assets, Agricultural Bank of China Ltd (AgBank) resigned for personal reasons, the Shanghai Stock Exchange said in a statement on Friday. Zhang Yun, who was both the president of the bank ...

Follow-Up: Don't Bet on China Quickly Devaluing the Yuan
A stable exchange rate would help Beijing hit its aim of having the yuan used more widely around the world, while expanding China's consumer economy. Email; Print; 0 Comments; Order Reprints. Facebook. Share. 1. Twitter. Google+. smaller; Larger. close ...

Head of China's 4th Largest Bank Resigns Amid Graft Probe
The head of China's fourth-largest state bank has resigned citing personal reasons amid reports of his involvement in a corruption investigation. No details were given about the departure of Agricultural Bank of China president Zhang Yun, according to ...

China's No. 4 Fugitive Surrenders After Fleeing to U.S. in 2002
China said the woman ranked fourth on its list of 100 overseas fugitives returned to Beijing voluntarily from the U.S., adding to successes for the nation's anti-corruption campaign. Huang Yurong, a former vice-chairman of the highway department in the ...

New round of smog to hit Beijing
BEIJING, Dec. 5 (Xinhua) -- A new round of smog is likely to hit Beijing and neighboring regions Saturday night and will stay for at least four days, the local weather bureau said Saturday. The smog will reduce visibility to 3 to 5 kilometers Sunday in ...

China Boosts Africa Commitments Even as Both Their Fortunes Fade
China is upping its game in Africa even as its own economy cools and a global slump in commodities hampers the outlook for the world's poorest continent. At a summit in Johannesburg with dozens of African heads of state President Xi Jinping, on his ...

China and the US are an Unlikely Duo to Combat Cybercrime
Can unabashed “frenemies” cooperate in cyberspace? When President Barack Obama shook hands with Xi Jinping, his Chinese counterpart, on an economic cyber espionage truce in late September, the world wondered about its implications. Would the ...

China Arrests at Least 3 Workers' Rights Leaders Amid Rising Unrest
HONG KONG — The police in southern China have arrested at least three workers' rights leaders in recent days, labor groups and activists said on Saturday. The detentions come amid rising labor unrest in southern China, one of the world's most ...

Soccer schools and boardroom deals: China's play for World Cup glory
HONG KONG/SHANGHAI Wang Shijie, 11, is a rising star among the nearly 3,000 students at Guangzhou Evergrande's huge soccer academy in south China. He wants to join the national team and help achieve President Xi Jinping's dream of winning the ...

Taiwan's chipmakers push for China thaw
As they work quietly in their cubicles, Sitronix's casually dressed engineers do not appear obvious national security assets. But they are treated as such by the Taiwanese government, which has long forbidden investment by mainland Chinese companies in ...

China's Luye Buys Australian Hospital Operator in Expansion Push
Luye Group Ltd. agreed to buy Healthe Care Australia Pty, the nation's third-largest private hospital operator, as the Chinese company hunts for expansion opportunities in the Asia-Pacific. Luye is acquiring Healthe Care from private equity firm Archer ...

New China airstrips a potential headache for neighbors, US
BEIJING — China's campaign of island building in the South China Sea might soon quadruple the number of airstrips available to the People's Liberation Army in the highly contested and strategically vital region. That could be bad news for other ...

Business ally of China's Bo Xilai dies in prison: media
BEIJING Xu Ming, a former business ally of disgraced Chinese politician Bo Xilai, has died in prison of illness, local media reported on Sunday. He was 44. Xu Ming, founder of plastics-to-property conglomerate Dalian Shide Group, died on Dec. 4 ...

1000 scholarships, Sh4.8bn summit facility among China's offers to Kenya
Xi Jinping has offered Kenya 1,000 scholarships for those wishing to study in China and $1.5 billion (Sh153 billion) for an industrial park in Naivasha. "China will invest in the construction of an industrial park in Naivasha using steam power for the ...

China forecast to become world's biggest electric car market
BEIJING (Reuters) - China is forecast to become the world's biggest electric car market this year, with sales estimated at 220,000 to 250,000 vehicles, the official news agency Xinhua said on Sunday, quoting the China Association of Automobile ...

China's New Growth Drivers Stand Out as Earnings Beat Estimates
While Chinese President Xi Jinping's vision of an economy dominated by high-tech and consumer-oriented companies may be years away, they're already standing out from their old-growth counterparts when it comes to earnings. About two-thirds of the 54 ...

China military tells officers to hold their tongues on reform concerns
BEIJING High-ranking officers in the Chinese army must hold their tongues about concerns over military reform and lead from the front to ensure the rank and file are on board, the People's Liberation Army said on Monday. President Xi Jinping unveiled a ...

One Is the Loneliest Number: China's Single Population Nears 200 Million
China is quickly becoming a nation of singles. There are nearly 200 million single adults in the world's most populous country, accounting for 14.6% of the total population, according to local media reports, which cite data from China's Ministry of ...

Xi'an City Wall: How China turned a military site into a unique park
CNN Travel's series often carries sponsorship originating from the countries and regions we profile. However, CNN retains full editorial control over all of its reports. Read the policy. Xi'an, China (CNN) For a city with a history of a few dozen ...

China's Citic Securities Says It Can't Reach 2 Senior Execs
HONG KONG — One of China's biggest securities companies said it can't contact its top two investment bankers after media reports said the pair might be under investigation. Citic Securities Co. said in a statement Sunday evening that it hasn't been ...

In China, Growing Efforts to Toughen Environmental Protections
December 07, 2015 1:42 AM. Earlier this year, China began allowing non-governmental organizations (NGOs) to file class action lawsuits against polluters, and in late October one of the first NGOs to file a suit won a victory in court. China has some ...

China's pledge to Africa refutes "neocolonialism" rhetoric
BEIJING, Dec. 7 (Xinhua) -- China's pledge to continue to support Africa in achieving development and prosperity has once again refuted the rhetoric of "neocolonialism" in the continent. There have always been critics saying that Beijing's current ...

China Stocks Rise Helped by Tech Shares
China stocks edged up on Monday, with investors rotating from property companies back into tech and healthcare, sectors that Beijing hopes will be new engines of growth. The blue-chip CSI300 index rose 0.3 percent, to 3,687.61, while the Shanghai ...

Taiwan Semiconductor Manufacturing to Open Own Plant in China
As many of its competitors in the chip industry form partnerships in China, Taiwan Semiconductor Manufacturing said on Monday that it was taking a different route: setting up a new manufacturing plant without help from a local partner. The move is ...

China arrests four 'terrorists' in northern province: report
BEIJING Chinese police have arrested four "terrorists" in a northern province for planning attacks, a state-run newspaper said on Monday, carrying pictures of some of the suspects who appeared to be from the northwestern region of Xinjiang. The China ...

Beijing Issues 1st Smog Red Alert, Urging Schools to Close
Visitors, some wearing masks to protect themselves from pollutants, share a light moment as they take a selfie at the Jingshan Park on a polluted day in Beijing, Monday, Dec. 7, 2015. Smog shrouded the capital city Monday after authorities in Beijing ...


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