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China India to boost economic cooperation
Chinese Premier Li Keqiang arrived in New Delhi on Sunday afternoon on his first overseas visit since taking office, accompanied by a large business delegation. The visit will help link the two huge emerging markets, which together can become an engine of the world economy if they can take advantage of each other's development, analysts have said. Calling India "an important partner ...
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Filipinos in Taiwan told to limit activities
Philippine officials have advised thousands of Filipino workers to "limit their movement" in Taiwan, fearing a potentially violent backlash over the killing of a Taiwanese fisherman by the Philippine Coast Guard (PCG). Antonio Basilio, resident representative of Manila Economic and Cultural Office (Meco) in Taiwan, issued the advisory following a reported upsurge of attacks on some of ...
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China detains New Zealand meat shipments
(26 mins ago) China has halted imports of New Zealand meat due to a certification dispute. Hundreds of tons of frozen beef and sheep meat worth tens of millions of dollars are stuck in refrigeration units on China's docks. China is New Zealand's largest export market and its largest consumer of lamb and mutton, AP reports. Meat Industry Association Trade and Economic Manager Dan ...
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Hungry investors on the hunt for their pot of gold
The 30-year-old Beijing-based newspaper editor also invested in a number of funds and bought paper gold - certificates that equate to the physical metal - and paper silver. She sold the paper silver in early April but is holding on to the paper gold, which is worth about 30,000 yuan. The price of physical gold slid from $1,561 to $1,482 an ounce on April 12 and $1,348 on April 15, and whether it ...
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Hong Kong shares may start week higher China property in focus
HONG KONG | Sun May 19, 2013 9:11pm EDT HONG KONG May 20 (Reuters) - Hong Kong shares could start the week higher on Monday, with China property counters in focus after data over the weekend showed housing inflation accelerated to its fastest pace in April in two years. Average new home prices rose 4.9 percent in April from a year earlier - the sharpest since April 2011 - after a 3.6 ...
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Greece to Buy 142 Ships from China
(MENAFN - Qatar News Agency) Greek Shipping Minister Kostis Moussouroulis said here Saturday Greek shipowners have recently signed contracts to buy 142 new ships from Chinese shipbuilding companies. The orders, which were signed in April, accounted for more than 60 percent of the recent global orders of Greek shipowners, the Greek official was quoted by Xinhua news agency as saying. The shipping ...
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Chinas average new home prices up 4.9 in April
(MENAFN) China's National Bureau of Statistics (NBS) stated that last month, average new home prices grew 4.9 percent from a year earlier, compared with an increase of 3.6 percent in March, reported Reuters.The agency said that on a monthly basis, new home prices gained 1 percent down from a rise of 1.2 percent in March.The NBS said that the annual increase, the highest since April 2011, ...
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Apple Supplier Anjies Stock Rally Lifts Chinese Couple Into Billionaire Wealth Ranks
A run-up in the stock price of Apple supplier Suzhou Anjie Technology lifted the company's controlling shareholders into to the world's billionaire ranks last week. Shares in Anjie, an insulation supplier, rose from 72.1 yuan, or $11.8, on May 10 at the Shenzhen Stock Exchange to 89.1 yuan on Thursday. They ended the week at 87.88 yuan on Friday. Chairman Wang Chunsheng and his wife, ...
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Thousands in Taiwan protest nuclear power project
The demonstration was launched by an environmental protection organization to protest the construction of a new nuclear power plant, which will be the fourth plant on the ...
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China Mengniu says Danone JV takes 8.3 pct stake
HONG KONG | Sun May 19, 2013 8:24pm EDT HONG KONG May 20 (Reuters) - China Mengniu Dairy Co Ltd said on Monday substantial shareholder Farwill Ltd would transfer an 8.3 percent stake in the company to a joint venture involving Danone Group, in a deal worth HK$3.6 billion ($463.74 million). In a filing to the Hong Kong bourse, the Chinese dairy products maker said Farwill, a unit of ...
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Stronger Yuan Makes Life Harder For Chinese Exporters
Some companies in China are starting to worry about a stronger yuan. For China's currency, the yuan, there is no turning back. This currency is gaining on the dollar each year. The government wants to make it a fully convertible, tradable currency. It's on its way. And along those travels, exporters are getting a taste of their own Chinese medicine: they're getting out-priced by ...
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Promoting Chinese medical devices
/enpproperty--> CEO's ambition to sell home-grown Kanghui equipment on world stage Yang Libo worked in a medical device unit of Johnson & Johnson for four years before becoming chief executive officer in 2005 of privately owned China Kanghui Holdings, a leading Chinese orthopedics implants company. Now his title is chief executive officer of Medtronic Kanghui Co, an independent ...
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Lipstick effect hits China as economy slows
/enpproperty--> People are more willing to spend on small indulgences such as cosmetics Fang Jinqi, 32, said the most urgent thing for her at the moment is to develop a more thrifty lifestyle because her job as a property agent business is stagnating. The big fan of Hermes bags who used to buy a new one almost every two months said she has not done so for at least six months. To make up ...
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Chinese pharma companies look West
Many seek partnerships, mergers and acquisitions to build brands Several Chinese pharmaceutical companies have been recognized by the overseas medical industry largely because of their partnerships with multinational giants. Zhejiang Hisun Pharmaceutical Co set up a joint venture with US-based Pfizer Inc in September 2012. Simcere Pharmaceutical Group has established a partnership with MSD - ...
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China urges early release of fishermen
/enpproperty--> The Chinese embassy in the Democratic People's Republic of Korea is looking into the detention by the DPRK of Chinese fishermen, asking Pyongyang to ensure the safety and legitimate rights and interests of the fishermen, a counsellor from the embassy said on Sunday. Counsellor Jiang Yaxian said that a private fishing boat from Dalian city in northeast China's ...
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Chinese investors look overseas
/enpproperty--> Asurvey conducted by HSBC Bank (China) Co in March showed that Chinese consumers have a strong desire to embrace a global vision. Among the more than 1,000 people surveyed in eight cities, including Beijing and Shanghai, 80 percent anticipated that their lifestyles will become more internationalized and their connections with the outside world will be strengthened through ...
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China President Makes First Foreign Trip to India
India's Prime Minister Manmohan Singh told visiting Chinese President Li Keqiang on Sunday a recent military standoff in the Himalayas could affect relations between the two countries as they looked to boost bilateral trade. At a meeting shortly after Li arrived in India on his first foreign trip, Singh said relations were affected when "peace and tranquility" on the border was ...
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Tainted rice scandal hits Guangzhou eateries
/enpproperty--> The authorities in Guangdong's provincial capital promised to expand inspections of rice and related products after detecting eight batches of tainted rice and rice noodles. The move aims to ensure only quality rice, rice noodles and related products are sold in the southern metropolis where the grain is a staple food, according to a statement on the Guangzhou ...
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Central China ideal for industrial transfers experts
China's central region is still the ideal destination for industrial transfers due to the raft of advantages it offers companies, officials and business leaders have said at an expo in Zhengzhou, capital of Henan ...
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On fleeting HK trips China makes frugal fashionable
satellite town of Tung Chung near the airport. "Typically, mainland consumers look for cheap goods." Foreign retailers treat Hong Kong as a gateway to China, which is poised to become the world's biggest consumer market in three years, and how mainland tourists shop is big business. Sluggish sales growth in Europe and the United States also makes China, with its rapidly expanding ...
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Taiwan reiterates call for joint probe into fisherman’s death
Chen Wen-chi (left), from Taiwan’s Ministry of Justice of the Department of International and Cross-Strait Legal Affairs, listens as Chen Ming-tang, deputy minister of Taiwan’s Justice Ministry, speaks while holding a picture showing a bullet found in the fishing vessel after it was attacked by Philippine coastguards, killing a Taiwanese fisherman, during a press conference in Taipei ...
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China develops new tourism law and advocates behavior.
Chinese Vice Premier Wang Yang on Thursday advocated polite tourist behavior and stressed that a good image of Chinese tourists should be projected.Wang made the remarks during a teleconference held by the State Council, China's cabinet, on implementing the new Tourism Law.Wang also urged relevant authorities to develop the tourist industry into a strategic pillar industry of the national ...
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South China Sea dispute Taiwan flexes its muscles | Editorial
China Sea. Ten days ago, a Philippine coast guard ship went too far in chasing off a Taiwanese fishing vessel in disputed waters. Such actions involve water cannons and the damage is nothing worse than a few broken portholes. This time the coast guard ship loosed off 54 rounds into the side of the Taiwanese boat and killed a fisherman. ...
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Q A bet. China Daily and Hainan reform development institutes president
China Daily interviewed Chi Fulin, president of the China Institute for Reform and Development in Hainan province, on the challenges facing the country's ...
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Indian Chinese Leaders Discuss Border Dispute
Indian Prime Minister Manmohan Singh and his visiting Chinese counterpart Sunday discussed efforts to resolve a decades-old border dispute between the world's two most populous ...
China Digest
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Chinese shipping industry is not the only one causing environmental incidents
The recent highly publicized grounding of a Chinese bulk carrier on the Great Barrier Reef in Australia attracted the scrutiny of the world on the Chinese shipping industry with some commentators saying that the accident was indicative of a dysfunctional health and safety record throughout the industry in China.
China’s shipping industry is primarily made up of the state-owned and run COSCO (China Ocean Shipping Company), and it is this company to whom the Shen Neng 1 belongs. The Shen Neng 1 is not the only COSCO ship to be involved in a notable maritime accident. Read more
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