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China News 12/2015 (Page 3)



PRESS DIGEST - China - Dec 8
Dec 8 Chinese newspapers in Beijing and Shanghai carried the following stories on Tuesday. Reuters has not checked the stories and does not vouch for their accuracy. SECURITIES TIMES. - The non-performing loan ratio of China's listed banks will be ...

The Long Climb to a Chinese IPO
A bout of embarrassment on a trip to Tibet prompted Zhang Heng to embark on one of the most difficult journeys in China: entrepreneurship. Intending to camp on the bank of Tibet's Lake Namtso in the spring of 1997, he instead paid 12 cents to stay in a ...

US agrees spy plane deployment in Singapore amid China tensions
WASHINGTON The United States has agreed with Singapore on a first deployment of the U.S. P8 Poseidon spy plane in Singapore this month, in a fresh response to China over its pursuit of territorial claims in the South China Sea. China, which is at odds ...

China, Hong Kong stocks drop on weak China trade data, lower oil prices
... * CSI300 -1.2 pct; SSEC -1.3 pct; HSI -1.7 pct. * China trade performance remains weak in November. * Airline shares rise on lower oil prices. SHANGHAI, Dec 8 China and Hong Kong stocks ended Tuesday morning sharply lower, as disappointing China ...

China Spotlight: Understanding the Impacts of China's Slowing Growth
The attention garnered by China's recent economic and financial shifts reflects a recognition that the country's economic trajectory is crucially important to multinational companies (MNCs) beyond their mainland China engagement. According to George ...

China Uses Or Loses More 'Dollars'?
While some are shocked that China may have "used" a huge amount of "reserves" in November, that is only because so many myths and anachronisms continue to abound in the mainstream and beyond. Any conversation about forex in the context of central ...

China to sign nuclear, aviation deals with Russia next week
BEIJING China and Russia will sign nuclear energy, aviation and space deals next week during a visit to China by Russian Prime Minister Dmitry Medvedev, a senior Chinese diplomat said on Tuesday. Medvedev will be in China to attend a summit of prime ...

Beijing Schools Close as Some Residents Take Smog Holiday
Some residents took a smog holiday away from Beijing on Tuesday as the Chinese capital launched restrictions under its first red alert for pollution, closing schools, suspending factories and keeping half the vehicles off the streets. Although Beijing ...

Chinese official: Beijing smog shows need for clean energy
US Secretary of State John Kerry, left, and United Nations Secretary General Ban Ki-moon speak after a meeting as part of the COP 21 United Nations conference on climate change, Tuesday Dec. 8, 2015 in Le Bourget, on the outskirts of Paris. The Paris ...

At China-Africa Summit, Beijing Shows It's Committed
The Forum on China-Africa Cooperation summit concluded in Johannesburg on Saturday amid an almost giddy atmosphere. All sides in this relationship seemingly walked away with more than what they anticipated. Africa provided a welcome relief for ...

China chips away at US, Taiwan semiconductor dominance
HONG KONG China's multi-billion dollar drive towards self-reliance in semiconductors has spawned a cluster of chip designers that industry experts say could eventually rival leaders Qualcomm Inc (QCOM.O) and MediaTek Inc (2454.TW). The world's ...

Rocky Road to New China Seen in Family's Factory-to-Film Switch
Plastic Christmas trees had been the Kao family's great money-maker for years when Francis Kao told his father in 2001 things could only go downhill from there. Overlooking their 10,000-worker factory, Kao pointed nearby to the newly built campus of ...

Don't Let China Iron Ore Buying Fool You: Xie Says Demand Is Bad
Don't be fooled into thinking China's surging iron ore imports are a proxy for the health of demand in the biggest user. They're masking an industry in trouble, according to the analyst who accurately forecast the price slump below $40 a metric ton ...

China military paying 'close attention' to US plane deployment
BEIJING China's military is paying 'close attention' to an agreement between the United States and Singapore to deploy the U.S. P8 Poseidon spy plane to the city state and hopes the move does not harm regional stability, the defence ministry said. "We ...

China Has 60 Billion Good Reasons To Worry About Venezuela's Most Recent Election
Venezuela's President Nicolas Maduro (front L) walks with China's President Xi Jinping as they arrive for a welcome ceremony at the Great Hall of the People in Beijing, January 7, 2015. REUTERS/Andy Wong/Pool. 4814422. Venezuela's most recent election ...

China to Plan Rural Subsidies That Cover Passenger Cars
China plans to introduce a new round of subsidies for auto purchases by rural residents that will cover passenger vehicles with engines smaller than 1.6 liters, according to people familiar with the matter. The planned subsidies will also cover mini ...

China Focus: China still faces deflationary pressures
BEIJING, Dec. 9 (Xinhua) -- Although China's consumer inflation picked up in November, flagging producer prices still put high deflationary pressure on the economy, new data showed Wednesday. China's consumer price index (CPI), a main gauge of ...

As Beijing Shuts Down Over Smog Alert, Worse-Off Neighbors Carry On
BEIJING — Beijing and its more than 20 million residents choked on hazardous air for the second day in a row on Wednesday, despite the first imposition of emergency measures under a red alert: simultaneously closing factories, pulling half of all cars ...

Former ally of jailed China official in good health shortly before death: report
BEIJING A 44-year-old former business ally of disgraced Chinese politician Bo Xilai was in good health in jail shortly before he died of a heart attack, a Chinese online news outlet reported, adding to the mystery over his death. Xu Ming, founder of ...

UPDATE 1-China to grant residence rights to 13 million unregistered citizens
... * China says will extend household registrations. * Move to give 13 mln people access to basic services. * Urban, rural medical insurance schemes to merge (Adds details on healthcare insurance reforms). BEIJING, Dec 9 China will give household ...

China Exclusive: Government work group steps in Shanshui Cement offices
JINAN, Dec. 10 (Xinhua) -- A government work group has stepped into the offices of Shandong Shanshui Cement Group Co. Ltd., whose Hong Kong-listed parent declared default on 2 billion yuan (312.5 million U.S. dollars) debt last month, amid an ...

China dominates list of most expensive cities for expats in Asia
SINGAPORE Dec 10 Chinese cities dominate a list of the 20 most expensive in the Asia-Pacific region for expatriates, as the yuan strengthens against rival currencies, a cost of living survey by ECA International shows. Chinese cities including Hong ...

Hong Kong Jockey Club reined in by China slowdown
After years of uninterrupted galloping growth, the 131-year-old Hong Kong Jockey Club has hit a hurdle, as the economic slowdown and corruption crackdown in China filters down to one of the city's most venerable institutions. The not-for-profit bastion ...

China Seeks a Way to Fill its Empty Homes
Leaders of the world's No. 2 economy face a vexing problem: How can they get its people to buy more houses? China has a surplus of them. The size isn't clear — economists say official statistics don't show the depth of the problem. But they generally ...

China to Get $300 Million From ADB for Smog Efforts
China is getting a $300 million loan from the Asian Development Bank to help clean up its smog-choked capital. The ADB approved the loan Thursday to develop environmental and clean energy policies for Beijing, the neighboring port of Tianjin and ...

Why Beijing's Air Has Turned Deadly and How It Can Be Reversed
With toxic haze forecast to return to Beijing on Saturday, many city residents are asking how a deterioration in air quality can be reversed and what city officials can do to avoid the kind of “red alert” that curtailed daily life in the nation's ...

China army paper warns of lost wars and shame if no reform
BEIJING China's military risks losing wars and bringing millennia of shame upon itself if it drags its heels on reform, the army's official newspaper said on Friday, warning that modernization of the armed forces was behind that of advanced foreign ...

Beijing may ease household residence rules
BEIJING Beijing has proposed a new system giving permanent residence status to millions of people already living in the city, giving them better access to services like healthcare and education. All Chinese citizens have a hukou, or residence ...

Disappearances in China Highlight Ruling Party Detention System
The baffling disappearance of Chinese executives in recent weeks has drawn attention to the ruling Communist Party's practice of holding people incommunicado either as targets of investigations themselves or to help with probes of others. The most ...

China Anticorruption Cases Have Quadrupled Since 2013, Study Says
In Chinese business and political circles, conversations frequently return to a familiar question: When will President Xi Jinping's anti-corruption campaign end? A new analysis from the Washington-based Eurasia Group political consultancy suggests no ...


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