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China domestic demand softens in May raising risks to growth
(2 hrs 5 mins ago) Manufacturing activity in China contracted in May for the first time in seven months, HSBC said, in another sign of the weakness of recovery in the world's second-largest economy. The British bank's preliminary purchasing managers' index (PMI) fell to 49.6 this month from a final 50.4 in April, putting it below the 50 mark that indicates contraction. A reading ...
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Justice Carpio pessimistic on PH case vs China but…
MANILA, Philippines--The Philippines' only recourse in the territorial dispute with China is to appeal to world opinion even if the country has already taken the issue to an arbitral tribunal under the United Nations Convention on the Law of the Sea (Unclos), a senior Associate Justice of the Supreme Court said. Senior Associate Justice Antonio Carpio, speaking before the law graduates at ...
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China HSBC flash PMI hits 7-month low fans growth fears
The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ...
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Kerry confront China on human rights
"No nation has more opportunity to advance the cause of democracy, " said then-Sen. John Kerry at his recent confirmation hearing to become U.S. secretary of state. "And no nation is as committed to the cause of human rights as we are." This weekend, ...
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UPDATE 1-Sinopec Engineering debut fizzles casting doubt on Hong Kong IPO recovery
Thu May 23, 2013 1:03am EDT * Sinopec trades flat to lower in debut after opening higher * Sinopec, China Galaxy IPOs lift HK volumes to $3.9 bln YTD (Adds comments, market performance) By Elzio Barreto HONG KONG, May 23 (Reuters) - Sinopec Engineering made a lacklustre market debut on Thursday after raising $1.8 billion in Hong Kong's biggest IPO this year, casting doubt on a nascent ...
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CNH Tracker-Pilot quota system for moving yuan offshore gathers traction
By Saikat Chatterjee HONG KONG, May 23 (Reuters) - A pilot quota system that allows companies operating in China to freely transfer some of their yuan profits offshore has gathered some traction in recent months and bankers expect more firms to seek approvals to participate. So far only a handful of multinationals - including General Electric, Ford Motor Co, Danone, Schneider Electric and Moog ...
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Guangzhou Evergrande coach not satisfied with last eight
HONG KONG (AFP) - Marcello Lippi warned Guangzhou Evergrande that reaching the AFC Champions League quarter-finals was not enough and urged his illustrious team to go at least one step further.Lippi said Guangzhou's comprehensive 5-1 aggregate win over Central Coast Mariners in the last 16, completed at home late on Wednesday, was an important step -- but nothing more."It's a very ...
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UPDATE 1-Brent weakens towards $102 on gloomy China data strong dollar
Thu May 23, 2013 12:47am EDT * Weak PMI casts doubt on China's recovery, oil demand * Dollar at 3-year high, QE3 uncertainties also weigh * Coming Up: Euro zone PMI; 0758 GMT (Adds quote, details) By Ramya Venugopal CHENNAI, India, May 23 (Reuters) - Brent crude futures slipped towards $102 a barrel on Thursday as fresh data from China cast doubt on the strength of recovery in the ...
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UPDATE 1-Chinas Lenovo buys and diversifies to outshine PC rivals
Thu May 23, 2013 12:45am EDT * Q4 net nearly doubles, fastest pace in seven quarters * Lenovo No.2 in China in smartphones and media tablets By Lee Chyen Yee and Umesh Desai HONG KONG, May 23 (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments ...
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Blog New dawn for Chinese activism
A new age of environmental protest is dawning in China as the 'lao baixing', or ordinary people, gain a voice with the help of social media, writes Monica ...
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NBI team’s trip to Taiwan on hold
MANILA--The trip to Taiwan by a team of probers from the National Bureau of Investigation has been put on hold due to a disagreement over the presentation of evidence collected by both sides. A reliable source privy to the negotiations told the Philippine Daily Inquirer in a telephone interview that the disagreement involved ';the turnover of a video to the Taiwanese investigators taken by ...
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Senao expanding retail chain in eastern China
Senao International, a Taiwan-based IT and consumer electronics retail chain, plans to expand its retail network in eastern China from 40 stores currently to 100 by the end of 2013, and to 800-1,000 by the end of ...
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China Labor Day LCD TV sales surge by double-digit percentage says IHS
Sales of LCD TVs during China's Labor Day holiday rose 18% in 2013 compared to a year earlier, as consumers were lured by attractive promotional pricing and a government subsidy program, according to research firm ...
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Taiwan market LG launches waterproof smartphone
Following the steps of Sony Mobile Communications and HTC, LG Electronics has launched a waterproof smartphone, the Optimus GJ. LG expects sales of the waterproof model in the Taiwan market to reach 50,000 units in ...
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Windows 8 expected to take up 5-8 of global tablet shipments in 2013 say Taiwan makers
Possibly because Microsoft has lowered licensing rates for Windows 8 for use in tablets, many vendors are developing Windows 8 tablets for launch in the second half of 2013, and thus the operating system is expected to account for 5-8% of all tablets shipped globally in 2013, equivalent to a volume of 10-20 million units, according to Taiwan-based supply chain ...
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China market B2C transaction value over CNY133 billion in 1Q13 says Analysys
In the China market, B2C (business to customer) online shopping operators generated a total sales transaction value of CNY133.12 billion (US$21.38 billion) during the first quarter of 2013, slipping 4% on quarter but growing 96.3% on year, according to China-based consulting company Analysys ...
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Rainstorms hit South China
Police rescue residents in Cuiwei village, Zhuhai, in South China's Guangdong province, on May 22, 2013. Primary and middle schools closed as the city received 318 millimeters of rainfall in 11 hours on Wednesday. Nanyangpu village was swamped with up to three meters of rain, and 1,200 trapped villagers were transferred. [Photo by Li ...
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Hackers Find China Is Land of Opportunity
Name a target anywhere in China, an official at a state-owned company boasted recently, and his crack staff will break into that person's computer, download the contents of the hard drive, record the keystrokes and monitor cellphone communications, too. Pitches like that, from a salesman for Nanjing Xhunter Software, were not uncommon at a crowded trade show this month that brought together ...
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Kalimantans forgotten ancient Chinese jars
Thanks to the taste and appreciation of the Dayaks, Kalimantan is home to a variety of the best antique Chinese stoneware jars. Historical data shows that traders from the Chinese southern coast have been busy trading around the region, including to present day Myanmar, Thailand, the Philippines, Malaysia and Indonesia. Antique and ancient ceramic enthusiast Boedi Mranata said trading ...
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Cathay Pacific adds fifth daily Hong Kong-London flight
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10000 people suffer due to manganese tainted tap water in S China town
At least 10,000 people suffered a shortage of drinking water in a South China town on Wednesday following the detection of excessive manganese in the tap water. "The city government of Lufeng in Guangdong Province said the manganese level in the tap water in Da'an town was 1.2 mg per liter since Monday, 12 times the maximum amount allowed in drinking water," reports Xinhua.he ...
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Chinese meat blockade lifted
File photo / Thinkstock China's freeze on New Zealand meat imports is over says Primary Industries Minister Nathan Guy. "A resolution has been agreed which should see authorities clearing New Zealand meat exports to China from next week" Mr Guy said in a statement. "Chinese authorities have agreed they will begin releasing consignments under the name of the New ...
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Lenovos Q4 net profit nearly doubles on Chinese PC phone demand
HONG KONG, March 23 | Thu May 23, 2013 12:27am EDT HONG KONG, March 23 (Reuters) - China's Lenovo Group Ltd posted a 90 percent rise in its quarterly net profit, its fastest pace in seven quarters, as a result of strong PC and smartphone demand in its domestic market. Lenovo, on track to unseat Hewlett-Packard Co as the world's top PC maker by shipments, posted net profit of ...
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HSBC China profit up in 2012
(18 mins ago) HSBC (China) recorded a 11.7-percent growth in net profit to 3.62 billion yuan. Operating income rose 10.5 percent from a year ago to 8.99 billion yuan, with pre-tax profit up 8.6 percent to 4.48 billion ...
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Quake prompts growth in NGOs
A month ago, Li borrowed the car of a fellow volunteer and drove to Shuping to check the walnut trees that well-wishers had donated to the isolated spot. After a 60-minute drive from Mianyang, Li finally arrived at the village, where Fu, 45, was waiting for him. A further hour on the motorbike saw the two men arrive at Fu's house. The distance is only 5 km, but the local geography and the ...
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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