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China News 01/2016 (Page 6)



China's growth hits quarter-century low, raising hopes of more stimulus
SHANGHAI China's economy grew at its weakest pace in a quarter of a century last year, raising hopes Beijing would cushion the slowdown with more stimulus policies, which in turn prompted a rally on the country's rollercoaster share markets. Growth for ...

China's slowdown challenges government, companies
BEIJING — China's slowdown is ratcheting up financial stress on companies while the country's leaders scramble to avoid a spike in job losses. Full-year 2015 growth of 6.9 percent was the lowest in 25 years, posing different challenges for investors, ...

'Ominous' China Key Challenge for Taiwan's President-elect
Last updated on: January 19, 2016 9:28 AM. TAIPEI, TAIWAN—. Taiwan's voters gave Tsai Ing-wen and her pro-independence Democratic Progressive Party or DPP a new mandate Saturday, helping it seize control of both the legislature and presidency for ...

Why Some Investors Aren't Worried About China's Economic Slowdown
TAIPEI, Taiwan -- China's economic slowdown may be scaring global markets, but some investment pros advise patience as the country undergoes a major transformation. These experts point to what China's been saying for years: We're steering the ...

China's Meituan-Dianping Raises $3.3 Billion in Biggest Startup Round Ever
China's top online seller of movie tickets and restaurant bookings raised $3.3 billion in the largest private fundraising round globally for a venture-capital-backed startup. Valued at more than $18 billion by the fundraising, Meituan-Dianping, formed ...

China to Finalize Plans for $22 Billion Plane-Engine Giant
China plans to merge more than 40 entities working on plane engines into a group with 145 billion yuan ($22 billion) in assets as part of a broader push into advanced industries to propel its economy, people familiar with the proposal said. The ...

China says oil rig not drilling in disputed waters after Vietnam complains
BEIJING China's Foreign Ministry said on Wednesday that a $1-billion deepwater oil rig was not drilling in disputed territory in the South China Sea, in response to a warning from Vietnam against such activity. Vietnam closely tracks the movement of ...

China's economic contagion is overhyped
So here are two things going on in economics news right now: People are upset that America is importing cheap Chinese goods and thus undercutting American jobs. And people are freaking out about whether China's economic slowdown will harm the rest ...

Six charts that explain why US companies feel unwelcome in China
American companies feel significantly less welcome in China than in the past, the American Chamber of Commerce in China said Wednesday. According to its China Business Climate Survey Report, U.S. companies are concerned not just about the ...

US pressures China to rein in North Korea after nuclear test
SEOUL, South Korea – A senior U.S. diplomat stepped up pressure on China on Wednesday to play a leading role in punishing North Korea for its recent nuclear test that raised worries about advancements in its bomb program. U.S. Deputy Secretary of State ...

On China's Main Streets: a need to keep shoppers shopping
SHANGHAI More potential bad news for the global economic outlook: Chinese shoppers, who largely propped up growth last year, are likely to trim spending this year; dining out less often, delaying smartphone upgrades and cutting out impulse buys. This ...

Treatment of Foreigners in China a 'Worrying Trend,' EU Envoy Says
BEIJING — To the list of people expressing grave concern about the recent treatment of several foreigners by the Chinese government, add the chief European Union representative in China. At a news conference in Beijing on Wednesday focusing on market ...

China Offers Support for Yemen Government as Xi Visits Saudi Arabia
January 20, 2016 9:13 AM. BEIJING—. China has signaled its support for Yemen's government, which is fighting an Iran-allied militia, on the first day of a visit to Saudi Arabia by Chinese President Xi Jinping, who will also be heading to Tehran later ...

366 of China's Cities Don't Have Safe Air: Greenpeace
BEIJING — Air quality across China generally improved last year but remains a "major health hazard," according to Greenpeace. A new report ranking 366 of the country's cities in terms of air pollution highlighted that there was still plenty of room ...

Rights Groups Denounce China's Arrest of Swedish NGO Worker
January 20, 2016 10:50 AM. Chinese authorities have arrested and accused a Swedish national of operating an unlicensed rights group in China. The detainee, Peter Dablin, 35, is a co-founder of the Chinese Urgent Action Working Group, which was ...

China to allocate $4.6 bln to shut 4300 coal mines -Xinhua
BEIJING Jan 21 China will allocate 30 billion yuan ($4.56 billion) in funds over the next three years to support the closure of small and inefficient coal mines and redeploy around 1 million workers, state media reported on Thursday. The Chinese ...

Filipinos plan second protest trip to islands disputed with China
MANILA Filipino protesters plan a second trip to disputed islands in the South China Sea, this time staying a month, a spokeswoman said on Thursday, after China flew a planeload of tourists to an artificial island it has built in the area. China claims ...

Goldman Sachs Sings China's Swan Song
An investor reads a newspaper in front of a screen showing stock market movements at a securities company in Beijing on January 20, 2016. Asian markets resumed their downward spiral on January 20 with the previous day's China-fuelled rally effectively ...

China responds to Taiwan elections with military drills, Facebook trolling
It's hard not to see it as a response, of sorts, to Taiwan's elections. Days after Taiwanese voters elected the leader of a pro-independence party to the president's office, China's military announced that a unit based opposite Taiwan had carried out ...

China's New Silk Road Won't Have An Afghan Lane
There has been a growing sense of optimism among Afghans about the New Silk Road, a key part of Chinese President Xi Jinping's One Belt, One Road initiative. The multi-billion dollar project, financed by the Chinese government, aims to build as well as ...

Survey of US companies in China finds that not all's well
A worker assembles a vehicle on an assembly line at Ford factory in Chongqing, China, on April 16, 2013. A worker assembles a vehicle on an assembly line at Ford factory in Chongqing, China, on April 16, 2013. (Associated Press). Julie Makinen and ...

China to Remain Global Growth Engine, Vice President Li Says
Chinese Vice President Li Yuanchao came to Davos to project an air of confidence about the world's second-largest economy as signs of a slowdown rattle global markets. "The contribution of China's economic growth to world economic growth remains ...

China's middle class getting wealthier, savvier
Lift the hood on China's economy and you'll find low-end manufacturers churning cheap exports bound for global store shelves. The state-owned industrial sector has undergone major consolidation. And China is no longer a low-cost country, as labor costs ...

China Uses Foreigners' Televised Confessions to Serve Its Own Ends
BEIJING — For seven years, the young Swedish man had directed a nongovernmental organization in Beijing that offered legal aid to Chinese citizens in trouble. Now he was a captive of China's legal system, forced in police detention to speak on video ...

My Thoughts On The Outlook Of China In 2016
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ...

China's Working-Age Population Sees Biggest-Ever Decline
China's working age population saw its biggest decline in 2015, underscoring demographers' warnings of an oncoming labor shortage in the country. The number of workers aged 16 to 59 dropped by a record 4.87 million to 911 million last year, compared to ...

China Busts 35 Restaurants Using Opium Poppies as Seasoning
BEIJING — Thirty-five restaurants across China, including a popular Beijing hot pot chain, have been found illegally using opium poppies as seasoning, one of the more unusual practices bedeviling the country's food regulators. Five restaurants are ...

China's Richest Man Plans $10 Billion India Development Project
Billionaire Wang Jianlin's Dalian Wanda Group Co. agreed to spearhead a $10 billion project to build an industrial park in India, in what could become one of the biggest development projects in the country. Wanda Group, China's biggest commercial ...

China shares end higher on global stimulus hopes
An investor walks past an electronic screen showing stock information at a brokerage house in Hangzhou, Zhejiang province, January 21, 2015. REUTERS/China Daily. By Nathaniel Taplin and Samuel Shen. SHANGHAI (Reuters) - China's fragile shares ...

China's Intervention Vow Seen Making Stocks Even Less Attractive
That's the view of Aberdeen Asset Management Plc and Sumitomo Mitsui Trust Bank Ltd., who say the government's latest pledge to control speculators will only make matters worse. China is willing to keep intervening in the stock market to ensure a few ...


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