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China News 01/2016 (Page 8)



China shares end at 14-month lows after late selling frenzy
SHANGHAI Chinese shares plunged more than 6 percent to 14-month lows on Tuesday after oil prices dropped again, reviving concerns about global growth and prompting a sell-off in the world's equity markets. Battered by a late selling frenzy, the ...

Beijing Official Blames Traffic on Popular Ride-Hailing Apps
Beijing officials are blaming Web-based ride-hailing services for the city's worsened traffic congestion, putting the popular mobile app operators in the hot seat once again. Traffic conditions worsened in the Chinese capital in 2015 due to plunging ...

China to investigate new energy vehicle fraud, tighten norms: Finance Minister
BEIJING China will tighten regulations over new energy vehicle (NEV) subsidies, and will incrementally phase out all subsidies by sometime after 2020, Finance Minister Lou Jiwei said in weekend comments carried by state media on Tuesday. Recent illegal ...

Is China Using Business Deals to Expand Middle East Influence?
January 26, 2016 7:22 AM. BEIJING—. Chinese President Xi Jinping wrapped up his first visit to the Middle East last Sunday with Saudi Arabia, Iran and Egypt pledging to enhance their relationships with Beijing. The visit, which took place after ...

Publisher warns of China's campaign to 'wipe out' free speech in Hong Kong
Bao Pu, a publisher in Hong Kong and son of purged Chinese leader Bao Tong, warns that free expression in the territory is increasingly under threat. By Stuart Leavenworth, Correspondent January 26, 2016. Save for later Saved. close. A protester ...

China GDP Growth Could Be as Low as 4.3%, Chinese Professor Says
As growth in the world's second-largest economy slows, the spotlight has intensified over the accuracy of China's growth figures. This week, Xu Dianqing, an economics professor at Beijing Normal University and the University of Western Ontario, joined ...

Chinese investors bargain-hunting for China shares, just not in China
SHANGHAI Chinese stock investors are finally seeing value in domestic shares, but there's a twist: instead of wading back onto battered onshore exchanges, they've gone shopping for bargains in Hong Kong. By doing so they are exploiting a long-standing ...

Scalping Tickets to the Doctor? Woman in Beijing Has Had Enough
HONG KONG — Ticket scalpers can be a headache in China, raising the prices of concerts, train trips and more. But no scalpers are more detested than those selling tickets for hospital visits. A video of a woman in Beijing denouncing the practice ...

China's Great Wall Is Crumbling In Many Places; Can It Be Saved?
After centuries of neglect, the world's largest fortification, the Great Wall of China, has a band of modern-day defenders who are drawing up plans to protect and maintain the vast structure. They're not a minute too soon: Roughly a third of the wall's ...

China's $1 Trillion Money Exodus Isn't About Capital Controls
Last year, Chinese policy makers watched $1 trillion in capital head for the exits. Now, the question on the minds of global investors is what exactly will President Xi Jinping's economic team do about it. One option is to build a wall around the $10 ...

The Faces Of China's New Philanthropy
Alibaba cofounder Jack Ma (Photo: Getty). Five months before Chinese e-commerce behemoth Alibaba went public in September 2014, cofounders Jack Ma and Joseph Tsai created charitable trusts and seeded them with a combined 50 million in share ...

China climbs back up Yellen's worry list
When Federal Reserve Chair Janet Yellen looks for an update on China at this week's policy meeting, she'll find little reason for cheer. The Shanghai Composite Index has tumbled to a 13-month low as a rout that started in the middle of 2015 shows no ...

China Weighs on Global Markets Ahead of Fed Statement
LONDON — Another big reverse on China's main stock index weighed on markets around the world Wednesday ahead of the latest policy statement from the U.S. Federal Reserve. KEEPING SCORE: In Europe, France's CAC-40 was down 0.6 percent at ...

US and China appear to be at an impasse over North Korea and the South China Sea
US Secretary of State John Kerry leaves a news conference with Chinese Foreign Minister Wang Yi at the Ministry of Foreign Affairs in Beijing on January 27, 2016. US Secretary of State John Kerry leaves a news conference with Chinese Foreign Minister ...

For China's White-Collar Workers, Year of the Monkey Bonuses No Longer a Gibbon
With the world's economic growth engine sputtering, the upcoming Lunar New Year may be less than a happy one for China's white-collar workers. Many companies in China pay their employees a year-end bonus – typically a month's salary or more — as the ...

Western China grows quickly but 'rust belt' Northeast continues to suffer
BEIJING China's southwestern metropolis of Chongqing and western region of Tibet were the fastest growing regions in the country in 2015, while the northeastern "rust belt" province of Liaoning had the lowest growth, according to media. The economy of ...

In China, Kerry finds tough going in talks
Secretary of State John Kerry shakes hands with Chinese President Xi Jinping at the Great Hall of the People. Xi described the bilateral relationship as "smooth and on the way up in the past year." Getty, pool. Travel Deals. $129 -- NY: Grand Re ...

Here's What China Is Doing to Tighten Noose on Capital Flows
China is increasingly resorting to administrative measures to curb capital outflows and calls are mounting for further restrictions as the defense of the yuan burns through the nation's foreign-exchange reserves. The tightening of controls marks a ...

The Big Winner in China's Philanthropy Game: Schools
As China's rich get more used to philanthropy, educational institutions are the big winners, according to a new study. The Harvard Kennedy School's Ash Center for Democratic Governance and Innovation has published a list of China's 100 top ...

Is China About To Drop A Devaluation Bomb?
Though she had no intention of being funny, we laughed out loud, as undoubtedly many did with us, when incumbent and wannabe IMF head Christine Lagarde said last week in Davos that China has a communication issue. Of course, Lagarde knows well ...

Shaolin monks spur world's best vaulter
(CNN) Ever tried emulating the jumps, spins, kicks and aerial antics of the Shaolin warrior monks? How about on horseback? It works for Germany's Jannis Drewell, whose Shaolin kung fu-inspired routine won him the European vaulting championships last ...

Xi's whirlwind diplomacy sweeps China to center stage
BEIJING, Jan. 28 (Xinhua) -- Chinese President Xi Jinping's recent visit to the Middle East has put final touches on the country's new diplomatic push and is leading the world's second largest economy back to the world's central stage. The brief tour ...

What War With China Would Look Like
Australia is considering conducting its own freedom-of-navigation exercise in the South China Sea. That is good because things are coming to a head and everyone in East Asia should state, unequivocally, where they stand. Even the UK has chosen, wisely, ...

UPDATE 1-Not Top Gun yet: China struggles with warplane engine technology
... * Chinese warplane engines don't match Western designs - experts. * Puts Chinese fighters at disadvantage in combat - experts. * China held talks with Russia in November on engine collaboration. * Government merged three Chinese engine makers in ...

Imagining Hong Kong's Future, Under China's Tightening Grasp
HONG KONG — What will Hong Kong be like a decade from now? When his new film “Ten Years,” which answers that question with five dystopian tales set in 2025, was denounced as a “thought virus” by the Chinese state-run newspaper Global Times, the ...

​Meet the China bulls -- yes, bulls
NEW YORK - While the rest of the world scrambles to get out of the crumbling Chinese stock market, a trickle of investors is heading straight into the wreckage. Managers of Chinese stock mutual funds have seen huge drops many times before, and they ...

China Is Said to Force Closing of Women's Legal Aid Center
BEIJING — The Chinese authorities have ordered a leading women's legal aid center in Beijing to shut down operations, the center's founder said on Friday, another sign of a continuing crackdown on civil society. As word spread of the closing of the ...

Please Don't Stop the Music: Discord at 'Voice of China' over 'Sky High' Fees
The Chinese production house behind the hit TV show “The Voice of China” raised the curtain on a dramatic reality show off the screen this week by accusing its Dutch partner – world-renowned Talpa Media – of trying to extract hundreds of millions of ...

'Kung Fu Panda 3' China Box Office: A Huge $16.3M Debut For A Boffo $23.1M Total
DreamWorks. Kung Fu Panda 3 started its theatrical run in China with a bang, earning a strong estimated $16.3 million on its first day of play. Taken on its own, that's one of the bigger single day grosses for a movie in history, just ahead of Sony 's ...

China Removes Economic Data Chief Amid Investigation
China removed Wang Baoan as statistics chief on unspecified allegations of corruption, underscoring the opacity of politics and government data that make it difficult for outsiders to understand the world's second-largest economy. Wang, 52, was sacked ...


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