Latest China News
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Hong Kong shares may start the week lower
HONG KONG | Sun May 26, 2013 8:57pm EDT HONG KONG May 27 (Reuters) - Hong Kong shares could start the week lower on Monday, tracking Friday's losses on Wall Street on concern that the U.S. central bank may consider reducing monetary stimulus. The Hang Seng Index slipped 0.2 percent to 22,618.7 points on Friday, its lowest level since April 29. The China Enterprises Index of the top ...
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Import of cheap chinese rubber goods hits local units
The association has sought a complete waiver of customs duty on raw materials not manufactured domestically such as butyl rubber, other high-tech synthetic rubbers and ...
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Slower Chinese growth adds pressure
Global economic malaise has knocked the stuffing out of Luo Yan's business making toy animals. Sales of Hello Kitty dolls and plush rabbits have fallen 30 per cent over the past six months, according to Luo, owner of Tongle Toy Enterprise, which employs 100 people in the southern city of Foshan, near Hong Kong. Orders from the United States and debt-crippled Europe are down 80 per cent. ...
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Oil Falls Below $94 on China Fed Concerns
U.S. crude futures fell below $94 a barrel on Monday, amid lingering worries over fears of an economic slowdown in China, the world's No. 2 oil consumer, and worries that the U.S. Federal Reserve would curb its stimulus ...
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China to enhance AU partnership
/enpproperty--> Vice-premier calls on nations to set goals The destiny of the African Union and African continent are intertwined, and China will closely work with the AU to further enhance the partnership, according to a high level Chinese official. Chinese President Xi Jinping's special representative and Vice-Premier Wang Yang said "a prosperous and strong AU makes a ...
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Sri Lanka aims to attract more tourists from China
/enpproperty--> Buses decorated with scenic photos of Sri Lanka will go into service in major Chinese cities to boost tourism to the island nation. Sri Lanka's Ambassador to China Ranjith Uyangoda said on Wednesday the Sri Lanka tourism authority has paid to deck out 50 city buses each in Beijing, Shanghai, Guangzhou and Chengdu with landscape photographs of the island so that ...
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China must be prepared for capital exit
/enpproperty--> At the G20 meeting in Washington last month, the International Monetary Fund sounded a warning about the problems that could be caused by a sudden massive outflow of capital from emerging markets when the major developed economies, notably the United States, terminate their quantitative easing programs. Since the US Federal Reserve started its quantitative easing ...
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Expats try to provide help in Shanghais blood drive
/enpproperty--> Five months after last donating blood, Zachary Ludington - along with more than 150 other expatriates in Shanghai - came to the city's blood donation event on Sunday. "I came here with two of my friends who also want to donate blood. I will donate months later, because doctors said there should be an interval between donations," the US citizen ...
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China Dominates Worlds Atheist Map Religiosity Declining in US
A new poll measuring global self-perceptions on beliefs indicates that while 13 percent of the world identify themselves as atheists, nearly half of China's population comprises non-believers. The United States is among the countries where religiosity is notably declining, the poll ...
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In China premium sells From toothpaste to cars to banking.
Chinese consumers have developed a taste for the good life; they are spending more on goods and services they perceive as higher quality or higher status, on everything from toothpaste to cars to banking, Nielsen research shows. Consumers are using their growing buying power to trade up to premium ...
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News from around the Greater China region May 27.
Hotel, industry and travel news from around Greater China; this week: FDI ...
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China slowdown increases volatility and pressure on the AUDUSD
Mid year slowdowns and mid year market slumps have become usual over the past few years and it seems that we are in the midst of the former at the moment once again. Take Chinese growth for example, or at least the prints on the economic data relative to what the market has recently been expecting you can see Chinese growth has been printing very poorly relative to expectations. Indeed the ...
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China Hit By Storms
Beijing, 26 May (Prensa Latina)Chinese authorities trigger a yellow warning today because of the storms that will the southern region of the country. According to this system of alert the higher is red alert for the provinces of Hunan, Jiangxi, Guangdong y Guangxi. The metherological report states that it is raining up to 200 milímeters and that there are strong winds. The alert also ...
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Swiss open doors for Chinas trade expansion in Europe
free trade agreement with Switzerland, which could open its trade expansion in Europe. The deal will give Beijing a bargaining lever in its trade disputes with the European Union, which accuses China of subsidizing many items of exports. "This free-trade deal is the first between China and a continental economy, and the first with one of the 20 leading economies of the globe," Chinese ...
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Liam Dann Keeping in step with Chinas rebalancing
NZ needs to hone its understanding as one of the greatest economic experiments of the modern era unfolds. Managing China's economic shift has been likened to a cyclist searching for the optimum speed. Photo / Getty ImagesI've spent the past week in Shanghai and Beijing immersed in the economy we devote so much space to dissecting in the business pages. On a media tour, arranged by the New ...
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Merkel pledges to avert EU-China trade war
BERLIN (AFP) - German Chancellor Angela Merkel pledged Sunday to take steps to avoid a brewing trade war between China and the EU during a first visit by China's new premier to Germany, with both leaders calling for dialogue.Germany will push in the next six months for discussions on resolving the disputes between Brussels and Beijing over Chinese telecom products and solar panels to avoid ...
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Taiwan released a satellite record of the route of a fishing boat fired on by Philippine coastguards flatly rejecting Manilas allegations that the boat intruded into its waters.
Taiwan released a satellite record of the route of a fishing boat fired on by Philippine coastguards, flatly rejecting Manila's allegations that the boat intruded into its waters.The killing of crew member Hung Shih-cheng, 65, sparked outrage in Taiwan, which has announced a series of economic sanctions against the Philippines.The island's Fisheries Agency said the voyage data recorder ...
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Scrutiny urged to curb graft
/enpproperty--> Prosecutors and legal experts have called for tougher supervision of project investment, especially in rural areas, to prevent opportunities for graft among grassroots officials. Prosecutors ...
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College Grads Are Jobless In Chinas High-Growth Economy
Some universities, concerned about the withdrawal of funding due to high unemployment of their grads, will not hand out diplomas before students supply evidence of imminent ...
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Former Nepal PM Baburam Bhattarai all praise for Chinese ‘dream’
Xi Jinping , calling his idea of the Chinese dream as a "dream of the whole world". Bhattarai, a Communist ideologue, told the official Xinhua news agency that the Chinese dream was entirely different from the western dream, which thrived on colonization and exploitation of the third world. "The Chinese dream is about ending that domination and granting freedom to all people of ...
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Why India should bond with Japan and stop looking at China
Japan occupies a large space in Manmohan Singh's heart, and he has logged enough frequent flyer miles to Tokyo to prove it. When he lands in Tokyo on Monday, Singh is certain to get the kind of reception that will show Japan reciprocates in full measure. The PM introduced a new element during the Depsang crisis with China to announce he would stay an extra day in Japan. While that in itself ...
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Stable euro in best interests of China world Li
European Union can overcome these momentary difficulties," he said. "We hope the euro zone can remain stable. I've said before that China is ready to offer its assistance. It's mutually beneficial. If Europe prospers, it's good for Europe (and) also for China's development. And that's good for the whole world." Li said that he hoped to expand bilateral ...
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Bus collides with sedan in Beijing
A bus collided with a sedan due to brake failure on Muxidi bridge Friday morning in Beijing. Two drivers were saved and sent to a nearby ...
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China Switzerland sign MOU on conclu...
Chinese Premier Li Keqiang (L, back) and Swiss President Ueli Maurer (R, back) attend a signing ceremony after their talks in Bern, Switzerland, May 24, 2013. (Xinhua/Ma Zhancheng) China and Switzerland here on Friday signed a memorandum of understanding (MOU) on concluding negotiations on a bilateral free trade agreement (FTA). The MOU was signed during a meeting between visiting Chinese ...
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Japan urged to face history
Li Keqiang urged Japan on Sunday to respect China's territorial sovereignty and the order created after World War II, while offering to work with Germany to achieve more global ...
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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