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China News 01/2016 (Page 7)



That Bank Line in Shanghai? Monkey Business
As a line of people grew and grew outside a bank in the heart of Shanghai's financial district this week it sparked rumors capital flight was taking hold in the city that likes to think of itself as China's business capital. The truth, at least in this ...

China Exclusive: Chinese automaker expands presence in Middle East
HEFEI, Jan. 23 (Xinhua) -- Mirza Sadegh and a dozen of his fellow Iranians are attending a 25-day training course at the headquarters of China's leading car producer, Chery Automobile, in Wuhu City, Anhui Province. The training is expected to give ...

China braces for worst cold in decades
BEIJING, Jan. 23, 2016 (Xinhua) -- Tourists visit the Tian'anmen Square in cold in Beijing, capital of China, Jan. 23, 2016. The highest temperature in Beijing dropped to under minus 10 degrees Celsius on Friday and will hit a 30-year low of minus 17 ...

China seeks 'new chapter' with Iran after sanctions lifted
Want more news? Sign up for free newsletters to get more of the AJC delivered to your inbox. TEHRAN, Iran — Chinese President Xi Jinping said Saturday he hopes for a "new chapter" in relations with Iran after the lifting of international sanctions ...

China, Middle East dovetailing development strategies set to unleash enormous cooperation potential
BEIJING, Jan. 23 (Xinhua) -- With the further dovetailing of development strategies of China and the Middle East, enormous cooperation potential will be unleashed, thanks to Chinese President Xi Jinping's ongoing trip. Xi's three-nation tour, which has ...

Qualifier Zhang keeps China alive into fourth round
By Nick Mulvenney. MELBOURNE (Reuters) - Qualifier Zhang Shuai thinks she can become China's second grand slam winner after easing into the last 16 of the Australian Open with an emphatic 6-1 6-3 victory over American Varvara Lepchenko on ...

Terrified by China? Blame Its Leaders
How the government is making life miserable for investors by not moving the economy onward. The biggest residential real estate developer in China, and for that matter the world, is having a banner year. Revenue rose 31% in the latest quarter, to 27.3 ...

No one wants to shop in China's giant Pentagon-shaped mall
For the world's most populous country, China has a lot of places with no people. Ironically, they tend to be the ones most elaborately designed to draw the crowds. Like, for instance, the $6 million airport on an island opposite North Korea that sees ...

Don't blame China, key to turmoil lies closer to home
'Our financial sector is built on sand,” Michael Lewis, the American author, told me last week. “After all, we're in the middle of a huge monetary experiment, with central banks playing a bigger role in stimulating growth than we've ever seen.” Back in ...

Iran's leader says never trusted the West, seeks closer ties with China
DUBAI Iran's Supreme Leader Ayatollah Ali Khamenei on Saturday called for closer economic and security ties with China, saying Iran had never trusted the West, as the two countries agreed to increase bilateral trade more than 10-fold to $600 billion in ...

George F. Will: China's flawed ascent
China produces an astonishing number of astonishing numbers, including this: In the 20th century, America made automobiles mass-consumption items, requiring prodigious road building. China, however, poured more concrete for roads and other ...

Wife of missing Hong Kong bookseller says reunited with husband in China
HONG KONG The wife of one of five missing Hong Kong booksellers said she met with her husband in China, according to a statement released by the Hong Kong police on Sunday amid growing diplomatic pressure on Chinese authorities to clarify the fate of ...

Longtime Rivals: A Look at Complex Vietnam-China Ties
BEIJING — Divided opinions within Vietnam's Communist Party on how to relate to giant neighbor and one-time ally China are among key factors in play at an eight-day congress to choose new leadership. A look at the countries' shared history and some ...

China 'Will Not Initiate Military Conflict' Over Island Disputes: Expert
BEIJING — China will not start a war over disputed islands in the South China Sea amid recent muscle-flexing, experts with close links to the country's government told NBC News. "We will not initiate military conflict to recover islands illegally ...

US companies raising more concerns about China, survey says
BEIJING | More than three-fourths of American companies in China feel less welcome than in the past and 45 percent say revenue is dropping or flat, a survey released Wednesday by the American Chamber of Commerce in China indicates. The report comes ...

Freezing weather disrupts holiday journey home
XINING, Jan. 24, 2016 (Xinhua) -- Passengers queue to board trains at Xining Railway Station in Xining, capital of northwest China's Qinghai Province, Jan. 24, 2016. Over 2.9 billion trips will be made around China during the 40-day Spring Festival ...

Taiwan poses generational challenge to China
Ma Ying-jeou, Taiwan's outgoing president, made history late last year by meeting China's President Xi Jinping, the first such summit in history. But the island has begun 2016 by going in a very different direction. Opposition leader Tsai Ing-wen's ...

LA-area teenage brothers killed; uncle captured in China
ARCADIA, Calif. (AP) — Authorities believe a Los Angeles-area man killed his teenage nephews before fleeing to China because he was upset his wife wanted a divorce. The Los Angeles County Sheriff's Department says a woman called 911 on Friday ...

China Voice: Chinese wisdom for Middle East problems
CAIRO, Jan. 21, 2016 (Xinhua) -- Chinese President Xi Jinping delivers a speech at the Arab League headquarters in Cairo, Egypt, Jan. 21, 2016. (Xinhua/Pang Xinglei). BEIJING, Jan. 24 (Xinhua) -- The Chinese vision for the Middle East unveiled by ...

China's Steelmakers Rise After Premier Li Vows Capacity Cuts
China's biggest steelmakers rose after Premier Li Keqiang pledged deeper cuts to capacity, backed by support for workers who lose their jobs amid a restructuring of the world's biggest steel industry. Hebei Iron & Steel Co. Ltd., the top steelmaker ...

Doing Business In China Is A Fight
Business conduct in China is different. But I didn't really know how different until a screaming match with my Shanghai construction vendor nearly turned into a fist fight. As CEO and founder of American Auction Co. and iPai American Auction Company in ...

India to build satellite tracking station in Vietnam that offers eye on China
NEW DELHI/HONG KONG India will set up a satellite tracking and imaging centre in southern Vietnam that will give Hanoi access to pictures from Indian earth observation satellites that cover the region, including China and the South China Sea, Indian ...

China's Retailers Hope for Big Spending as Lunar New Year Rush Kicks Off
China's central bank is pouring cash into the financial system to make sure the ATM machines don't run dry during the early February Lunar New Year holiday. That's left retailers hoping that consumers will bust out their bank cards and spend away in ...

China shares end modestly higher before oil slips
SHANGHAI Chinese shares began the week on a firmer note on Monday, extending gains from Friday after a rally in battered oil prices sparked a rise in Asian equities. The benchmark Shanghai Composite Index .SSEC closed up 0.8 percent, while the ...

China to take step to encourage foreign trade earnings stay in country - sources
BEIJING Jan 25 China's central bank will allow funds in non-resident accounts (NRA) to be converted into fixed deposits, sources told Reuters, which could encourage foreigners' to keep trade-related earnings in the country and help authorities temper ...

As Snowpocalypse Hits US, Deep Freeze in China Grinds Travel to Halt
(This post has been updated to include more details on delays at the Kunming airport.) For some in China, the unexpected advent of snow meant the chance to make tiny, fanciful inch-high snowmen. For others, it meant massive pile-ups and a delay in ...

China's Anticorruption Campaign Will Continue, Party Watchdog Pledges
In Wang Qishan's latest annual report card published over the weekend, China's chief corruption buster cites figures like 282,000 officials punished for “discipline violations” in 2015 while pledging to sustain work this year at an “intensity and pace ...

China to Expel Swedish Human Rights Advocate
BEIJING — Peter Jesper Dahlin, a human rights activist from Sweden detained this month in Beijing on charges of violating national security laws, was to be expelled from China on Monday, the Chinese Ministry of Foreign Affairs said. “Under questioning ...

Blue skies over Beijing? Decaying suburbs bear cost as China cuts pollution
CHAOMIDIAN, China On the outskirts of Beijing, the disused factories of Chaomidian show the impact of China's drive to shut down thousands of small firms causing big pollution. Amid scrapheaps and idle machinery, the community has clean air these days ...

Smog Could Smother Fireworks at Shanghai's New Disney Theme Park
Disney's soon-to-open Magic Kingdom in Shanghai might lose some of its sparkle as China's notorious smog problem threatens to snuff out the park's signature closing fireworks show. A new regional fire services rule that took effect at the beginning of ...


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