Latest China News
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U.K. tells China India Were open for business
David Cameron FORTUNE -- U.K. Prime Minister David Cameron says he's "not embarrassed" that foreign companies are investing in and acquiring British brands; indeed, he thinks Britain's open door policy makes it a good place for businesses to operate. "I said to the Chinese Investment Corporation the other day, 'I'm not embarrassed you own 10% of our biggest ...
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The Big news overnight came from China
Good day. And a Tub Thumpin' Thursday to you! What the heck was I thinking, was running through my mind when the alarm went off this morning. In an attempt to relieve Chris from having to write the Pfennig this morning, I told him not to worry about it, I would write it.. All the time knowing that my flight from Houston wasn't getting in until very, very late.. And that was before all ...
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US report warns on Chinas massive IP theft
WASHINGTON: The "unprecedented" theft of American intellectual property (IP) is costing the nation a whopping % 300 billion annually and the main culprit is China, according to a study which recommended sanctions as tough as those used to combat terrorism and drug trafficking. "The scale of international theft of American intellectual property is unprecedented -- hundreds of ...
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PRECIOUS-Gold up as dollar shares slide after China Europe data
* U.S. dollar falls 0.5 percent vs basket of currencies * China PMI shrinks for first time in 7 months * U.S. weekly jobless claims at 1230 GMT eyed (Updates prices) By Clara Denina LONDON, May 23 (Reuters) - Gold bounced back on Thursday from the previous session's losses as the dollar fell sharply and European shares dropped after weak economic data in China and Europe. A euro ...
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COMMODITIES-Metals oil bruised by China PMI gold bounces
Thu May 23, 2013 9:18am EDT * Copper falls as much as 3 pct, oil down for third day * Gold bounces, grains shake off weakness on strong demand * China PMI shrinks for first time in 7 months-HSBC * Euro zone PMI signals economy to shrink in Q2 (Adds details, quotes; updates prices) By Eric Onstad and Manolo Serapio Jr LONDON/SINGAPORE, May 23 (Reuters) - Copper slid 3 percent and oil dropped ...
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US STOCKS-Wall St to drop at open on stimulus plan worry China data
Thu May 23, 2013 9:12am EDT * HP jumps after raising 2013 outlook * China manufacturing data shows contraction * Futures off: Dow 128 pts, S&P 15.8 pts, Nasdaq 22.5 pts By Chuck Mikolajczak NEW YORK, May 23 (Reuters) - U.S. stocks were set for a lower open on Thursday, with the S&P 500 on track for its first back-to-back daily drop in a month, amid investor concerns the U.S. Federal ...
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Global Stocks Slip on Signs of Economic Stress in China and Japan
HONG KONG ...
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China survive Indonesia scare in Sudirman Cup
KUALA LUMPUR (AFP) - Defending champions China had to dig deep to avoid a surprise defeat to Indonesia, winning 3-2 on Thursday in the quarter-finals of the Sudirman Cup.Two days after whipping their arch rivals 5-0 in a group match, China, who have not lost a tie since falling 2-3 to South Korea in the 2003 final, were stunned by a determined and gallant Indonesian outfit.But Chinese supremo Li ...
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METALS-Copper falls after China factory data hits recovery hopes
Thu May 23, 2013 8:47am EDT * HSBC China flash PMI falls to seven-month low of 49.6 * Worries of early end to bond buying also hurt sentiment By Eric Onstad and Rosalba O'Brien LONDON, May 23 (Reuters) - Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed factory activity in top metals consumer China shrank for the first time in seven ...
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Oil down to near $93 on Chinese recovery concerns
The price of oil fell near $94 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained ...
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Boeing gets 787 clearance in China
Boeing's 787 has been cleared for use in China. Airlines in China have been cleared to begin using Boeing Co. 787s for commercial service. The Wall Street Journal reports China's aviation regulator cleared the plane on Thursday. Chinese airlines have ordered a total of 35 of the Boeing (NYSE: BA) 787, including 10 each for Hainan Airlines Co. and rival China Southern Airlines ...
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ROK president to visit China spokesman
Republic of Korea (ROK) president Park Geun-Hye will pay a state visit to China in late June at the invitation of her Chinese counterpart Xi Jinping, a Foreign Ministry spokesman said at a Thursday press briefing.Since Park took office, the two heads of state have maintained communication and exchanges through multiple channels, Hong said."We believe that President Park Geun-Hye's ...
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Chinas 13th escort fleet returns from Somali waters
The 13th naval escort squad sent by the Chinese People's Liberation Army Navy to Somali waters has returned home after successfully completing its mission.The fleet, including the frigates Huangshan and Hengyang as well as the supply ship Qinghaihu, arrived at a port in Zhanjiang, a city in south China's Guangdong Province, on Thursday morning.During the 196-day mission in the Gulf of ...
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Chinese US chiefs of staff agree to strengthen communication between armed forces
Chinese and US chiefs of staff, in a telephone conversation on Thursday, agreed to strengthen communication and coordination between the armed forces of China and the United States.Fang Fenghui, chief of the General Staff of the Chinese People's Liberation Army (PLA), discussed with his US counterpart, Martin Dempsey, chairman of the Joint Chiefs of Staff of the United States, a broad range ...
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Chinese vice premier meets Costa Ricas National Liberation Party delegation
Chinese Vice Premier Zhang Gaoli on Thursday met with Bernal Jimenez, president of Costa Rica's National Liberation Party (NLP).Zhang reviewed the rapid growth of China-Costa Rica relations since the two countries forged diplomatic ties in 2007, citing frequent high-level exchanges, strengthened political trust and fruitful cooperation in multiple fields.Zhang said China would like to work ...
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US Should Get Tough On Chinese IP Theft Committee Warns
IP theft is costing the US as much as $300 billion a year, a government report warns, with China by far the biggest offender. According to the bipartisan Commission on the Theft of American Intellectual Property, which ...
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Feds Tapering Talk Chinese Factory Slowdown Smack Stocks
(Image credit: Getty Images via @daylife) A lackluster economic reading out of China contributed to a continuation of Wednesday's violent selloff and the major U.S. indexes were pointing sharply lower Thursday morning. Futures indicated a sharply lower open, with the S&P 500, Dow Jones industrial average and Nasdaq all looking at a red start to the day, albeit off their worst levels ...
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5 dead 4 injured in E China road accident
/enpproperty--> JI'NAN - Five people have died and four others were injured in a road accident in East China's Shandong province on Thursday, local authorities said. The accident happened around 4 a.m. on a highway in Chengwu County, sources with the county government said. Two people died on the spot and seven others were injured after a three-wheel motorcycle they were in ...
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China Switzerland get more to cooperate on
/enpproperty--> ZURICH, Switzerland - Chinese Premier Li Keqiang's upcoming visit to Switzerland is not only expected to be a great push for bilateral economic exchanges, but also a demonstration of China's resolution in further opening up and participating in multilateral affairs. Switzerland is the third leg of Li's first overseas trip as premier. He's currently on an ...
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China and India should deepen ties
China and India should ignore obstacles created by the West and strengthen cooperation, says an article in the 21st Century Business Herald (excerpts ...
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Whats driving one of Chinas richest men
Wang Jianlin , founder and chairman of closely held Wanda Group and one of the richest men in China, knows how to pack a visitor's itinerary. One day in April, he flies Hawk Koch, president of the Academy of Motion Picture Arts and Sciences, from Beijing to Dalian, a port city on the Yellow Sea, in his Gulfstream G550. Wang is launching an international film festival in Dalian, and ...
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Gold Price Bounces 3 with Silver as Tokyo Stocks Sink China Slows US Fed Discusses Immediately Cutting $85Bn in Monthly QE
pushed higher Thursday morning in London, with silver making the same 3.0% rally from yesterday's sell-off while world stock markets slid and commodities fell.Tokyo's Nikkei index - up by 85% from November - dumped more than 7% after new data showed a surprise contraction in China's manufacturing sector.Private "retail" investors have "abducted" the Japanese ...
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China plans tougher quality standards for coal to tackle pollution
A man stands in front of a house that is surrounded by piles of coal near the town of Dangcheng in Quyang county, located 250 km (155 miles) southwest of Beijing December 7, ...
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Indications Stock futures sink rattled by Fed China data
NEW YORK (MarketWatch) -- U.S. stock futures slumped on Thursday after Japanese equities plunged overnight, as fears over a tapering of the Federal Reserve's bond-buying program and weak Chinese economic data combined to spook investors around the ...
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Tibetan rights groups criticise China over monks five-year jail term
Tibetan monks at a ceremony in Qinghai province. Tibetan rights activists have expressed outrage at China jailing monk and author Gartse Jigme for five years. Photograph: Reinhard ...
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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