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China News 03/2012



China Has Emergency Oil Tanks at Shanshan, Jintan, OGP Says
China is setting up emergency oil- storage facilities at Shanshan in western China, Jintan and Zhoushan in the east and Huizhou in the south, according to China Oil, Gas & Petrochemicals. The four centers are part of the second phase of the country's ...

Chinese wait to see if criminal law overhaul will give police power to ...
Chinese wait to see if criminal law overhaul will give police power to ...

Funding stays tight for Hong Kong banks
By Paul J Davies in Hong Kong Funding has remained tight for the Hong Kong banking system into this year as renminbi deposits declined in January for a second month to hit their lowest level since July, according to data from the Hong Kong Monetary ...

Emerging Stocks Fall From 7-Month High
Emerging-market stocks fell from a seven-month high on concern China will refrain from further steps to ease monetary policy, curbing appetite for commodities and emerging-market assets. The MSCI Emerging Markets Index (MXEF) declined 0.7 percent to ...

IBM Launches Server Remanufacturing Center in China
IBM opened its first server remanufacturing center in China to capitalize on the growing market for used IT equipment and to help cut down on e-waste in a country known for it. IBM announced the opening of a new server remanufacturing center in China ...

Chinese FM discusses maritime cooperation with India as police arrest ...
Chinese FM discusses maritime cooperation with India as police arrest ...

China in Sea Row With Vietnam
By JEREMY PAGE BEIJING—Tensions are rising again over the disputed waters of the South China Sea, with China rejecting allegations from Vietnam on Thursday that Chinese forces assaulted and tried to rob Vietnamese fishermen while blocking them from ...

China's Share of Reserves in US Dollar Dives
By TOM ORLIK BEIJING—China has made a sharp shift away from purchases of US securities, slashing the dollar's share of the country's foreign reserves in what may signal a change in strategy for managing the massive cash pile, Dow Jones calculations ...

China-backed HK Airlines may dump A380 order -paper
By Alison Leung and Fang Yan | HONG KONG (Reuters) - Hong Kong Airlines Ltd has threatened to cancel an aircraft order with Airbus in the latest escalation of tension over the European Union's decision to make flights pay for their carbon emissions, ...

Two Chiefs' Styles Make for China Congress Buzz
By JEREMY PAGE BEIJING—The Communist Party's inner debate about China's future won't be on public view at the National People's Congress next week, but is encapsulated in the appearance of two provincial leaders, both candidates for promotion to the ...

In China, Investors Find the Exit Ramp Clogged
By DINNY MCMAHON BEIJING—Three of China's biggest private-equity funds have agreed to buy control of a company from another fund, a rare move that underscores a mismatch between deal money and potential targets in the world's largest growth market, ...

Chinese villagers have hope for first real election
By Calum MacLeod, USA TODAY WUKAN, China – On a temple stage honoring a Taoist immortal, under a triple-tiered roof topped by dragons, Lin Zuluan made his modest bid for office. By Calum MacLeod, USA TODAY Hong Ruiqing, 35, left, and her brother, ...

China firm to challenge US reach in espionage case
By Dan Levine and Malathi Nayak SAN FRANCISCO, March 1 (Reuters) - Lawyers for a Chinese steel company will challenge the ability of US prosecutors to bring a criminal case against the company for trying to steal business secrets from chemical giant ...

China's One-Child Policy Dilemma for Leaders
As the world's largest national congress meets in Beijing to prepare for new leadership, likely successor Xi Jinping will inherit a roadblock to growth dating back almost to the era of Mao Zedong: the one-child policy. Implemented in 1979 to alleviate ...

China Money Rate Drops Most in 2 Months This Week on Cash Supply
China's money-market rate headed for the biggest weekly drop in almost two months on speculation the central bank is favoring increasing cash supply to help boost lending and support economic growth. The seven-day repurchase rate, which measures ...

HK shares seen up but poised for 2nd-straight weekly loss
(Corrects 2nd paragraph to show China Shenhua will use funds from 2007 IPO, and is not raising new funds) HONG KONG, March 2 (Reuters) - Hong Kong shares could start higher on Friday as a fresh liquidity injection by the European Central Bank begins to ...

JPMorgan China Clients Seeking Financing Abroad Rises to Record, Fang Says
JPMorgan Chase & Co.'s (JPM) pipeline of clients from China seeking financing overseas has doubled from a year ago to a record, led by developers seeking funds, said the head of its China investment banking business. “We saw a level of activity that ...

China brokerages lobby for buyout funds, alternative investment
By Samuel Shen and Jacqueline Wong | SHANGHAI, March 2 (Reuters) - Chinese brokerages are lobbying the government to allow them to launch buyout funds and make alternative investments as the country's securities regulator plans to reinvigorate the ...

AB-InBev on shortlist for China brewery deal-sources
* Kingway is offering equity stakes in 6 breweries -sources * Kingway has market value of about $655 mln * China beer demand forecast to grow 5% a year in coming yrs By Denny Thomas and Donny Kwok HONG KONG, March 2 (Reuters) - Anheuser-Busch InBev NV ...

Silicon Valley companies grapple with rising costs in China
By John Boudreau The price to make Silicon Valley gadgets and computers in China -- the assembly line for the global tech industry -- is going up, forcing tech companies to rejigger supply chains to contain costs and to consider charging more for ...

Politics on Apple's side in China trademark dispute
By Michael Kan IDG News Service - Politics could tip the scales in Apple's favor for a high-stakes legal battle that will decide ownership of the iPad trademark in mainland China. But some legal experts remain divided on whether it will be enough to ...

COLUMN-China's growing strategic stake in the Middle East: Kemp
(John Kemp is a Reuters market analyst. The views expressed are his own) By John Kemp LONDON, March 2 (Reuters) - China's growing demand for imported oil, coupled with the development of new oil and gas supplies in North America, is set to transform ...

Looking For Elephant Ivory? Try China
by Frank Langfitt The price for raw elephant tusks in China has tripled in the past year because of growing demand, according to Grace Gabriel, the Asia regional director for the International Fund for Animal Welfare. The price for raw elephant tusks ...

China's Missing Ingredients
By Rick Aristotle Munarriz | More Articles Sure, the quick-service restaurant chain continues to post heady top-line growth. Aggressive expansion in China will do exactly that. However, CSC is coming up short nearly everywhere else -- and that's the ...

Chinese use Google+ to 'Occupy Obama'
REPORTING FROM BEIJING -- Chinese Internet users have been relishing a rare opportunity to let loose and communicate directly with a top political leader. No, not a Chinese leader: President Obama. An apparent rare breach in the firewall that prevents ...

Sina Leads Weekly Index Climb as National Congress Looms: China Overnight
Chinese US-listed stocks are poised to advance this week, led by Sina Corp. (SINA), on prospects the government will roll out measures to boost growth in the world's second-largest economy at an annual meeting next week. The Bloomberg China-US 55 index ...

US risks persist, China in good stead so far: IMF
By Hilary Burke and Malena Castaldi | PUNTA DEL ESTE, Uruguay (Reuters) - A renewed drop in housing prices could thwart the US economic recovery in the short term while Washington's lack of a "credible, comprehensive" fiscal plan poses a major ...

China hedging its bets on US government debt, data show
The nation's slowing accumulation of US Treasuries suggests it is trying to diversify its holdings and is looking for other places to stockpile its trove of foreign exchange. By David Pierson, Los Angeles Times China's massive holdings of US government ...

A Chinese Voice of Dissent That Took Its Time
BEIJING EVEN at 106 years old, Zhou Youguang is the kind of creative thinker that Chinese leaders regularly command the government to cultivate in their bid to raise their nation from the world's factory floor. So it is curious that he embodies a ...

Olympics-Gymnastics champion Liukin spurred on by Beijing silvers
By Larry Fine | NEW YORK, March 2 (Reuters) - Nastia Liukin treasures her 2008 Olympic gymnastics all-around gold, but the trio of silver medals she also took away from Beijing has fuelled a comeback bid to reach the London Games, the American has said ...


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