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China News 04/2012



China's Bank of Dalian eyes share listing
| BOAO, China, April 1 (Reuters) - Bank of Dalian, one of China's smaller lenders, aims to list shares on the domestic market this year or next to boost its capital base, the bank's president, Wang Jinping, said on Sunday. Speaking on the sidelines of ...

Protesters allege Beijing meddling in HK affairs
AP Protesters carry mock Chinese PLA tanks during a rally in downtown Hong Kong, Sunday, April 1, 2012. Thousands of people marched from Hong Kong's central business district towards the Chinese central government's liaison office to protest against ...

China publishes draft rules to improve IPO mechanism
SHANGHAI/BEIJING (Reuters) - The China Securities Regulatory Commission (CSRC) published on Sunday draft rules aimed at increasing the liquidity of newly-listed shares and monitoring pricings for initial public offers in an attempt to curb speculative ...

Foxconn Pay: Chairman Pledges To Keep Raising Worker Salaries
By Lee Chyen Yee and Jeanny Kao BOAO, China April 1 (Reuters) - Foxconn Technology Group will keep on increasing worker salaries in China and cutting the hours of work, Chairman Terry Gou said on Sunday, after it came under fire for poor working ...

Starbucks to Ramp Up China Business, Triple Outlets and Work Force
BOAO, China—Starbucks Corp. plans to triple the size of its work force and network of shops in China over the next three years, a top executive at the Seattle-based coffee chain said Sunday. The company currently has about 10000 employees for more ...

China Manufacturing Gain Masks Exporters' Woes as Loosening Seen
April 2 (Bloomberg) -- A stronger reading for a Chinese manufacturing gauge failed to end predictions for policy loosening as analysts described the gain as seasonal and a separate survey showed exporters struggling. A Purchasing Managers' Index rose ...

Ashamed of Free Speech
Beijing's heavy-handed repression of Tibetans is widely known and deplored. So why is that reputed democracy, India, cooperating in the repression? Associated Press A Tibetan man screams as he runs engulfed in flames after self-immolating at a protest ...

Singapore Stocks-May rise; DBS, property stks in focus
SINGAPORE, April 2 (Reuters) - Singapore shares may rise on Monday, helped by stronger-than-expected Chinese manufacturing data which eased worries of an global economic slowdown. DBS Group Ltd may be in focus after it said on Monday it has agreed to ...

Asian Stocks Erase Gain on Bets China Won't Ease Policy
Asian stocks erased gains after Chinese Vice Premier Li Keqiang said policy makers will continue to take steps to stabilize prices. Shares rose earlier after a Chinese manufacturing report beat estimates. China Resources Land Ltd. (1109), a state-owned ...

Animal instinct and China's African odyssey
By Han Wei and Shen Hu BEIJING (Caixin Online) — Roughly one million Chinese nationals are working or doing business in Africa, from Egypt's Mediterranean shore to the Cape of Good Hope. Theirs are the faces behind China's soaring direct investment in ...

Taiwan Dollar Strengthens, Bonds Fall on China Growth Optimism
Taiwan's dollar reached a one-month high after better-than-expected Chinese manufacturing data spurred optimism growth in Asia's largest economy remains intact. Bonds (GVTWTO5) fell by the most in more than two weeks. A purchasing managers' index ...

TEXT-Fitch assigns China Resources Gas's Bonds 'BBB+' final rating
(The following was released by the rating agency) April 2 (Reuters) - BEIJING/SINGAPORE, April 01 (Fitch) Fitch Ratings has assigned China Resources Gas Group Limited's (CRG, 'BBB+'/Stable) USD750m 4.5% notes due 2022, issued under the its global ...

Yen eases, Aussie jumps as China data cheers
By Ian Chua and Masayuki Kitano | SYDNEY/SINGAPORE (Reuters) - The safe-haven yen eased on Monday, while the Australian dollar jumped after surprisingly strong Chinese factory activity data eased fears about a hard landing in the world's second biggest ...

METALS-Copper starts Q2 higher, China data eases slowdown woes
* China official PMI at 11-month peak in March * Volumes thin with China closed for holiday * Coming Up: US ISM Manufacturing, 1400 GMT (Adds comments, updates prices) By Manolo Serapio Jr SINGAPORE, April 2 (Reuters) - London copper futures rose on ...

Intrigue enters Chinese politics
The coming transfer of leadership includes personality and even a scandal complete with a dead Englishman, a fiery sports car crash and an attempted defection. A woman carries a portrait of Bo Xilai, the former Communist Party chief of Chongqing, ...

China's Li: priority to boost consumption, imports
* Li: aim to increase imports from other Asian countries * Stick to goal of stabilising growth, curbing inflation * Li seen becoming premier in leadership transition By Kevin Yao and Aileen Wang BOAO, China, April 2 (Reuters) - China's top priority is ...

Italian Bonds Gain as Chinese Manufacturing Improves in March
Italian bonds led gains among Europe's higher-yielding government securities after a survey showed Chinese manufacturing improved in March, adding to optimism the global economy is recovering. Italy's 10-year securities advanced for a second day as a ...

Baht Advances as China Manufacturing Data Boosts Growth Outlook
Thailand's baht rose for a second day and government bonds dropped after Chinese manufacturing data beat economists' estimates, fueling optimism economic growth in Asia remains intact. China's purchasing managers' index climbed to a one-year high of ...

Philippines' Spratlys tourism plan likely to rile China
By Manuel Mogato | MANILA, April 2 (Reuters) - The Philippines plans to develop a disputed island in the South China Sea into a tourism centre with a 100-metre (330-ft) concrete wharf, officials said on Monday, a bold assertion of its sovereignty that ...

For China's driving test, be ready for almost anything
BEIJING — Okay, answer quickly: If you have to suddenly jump out of an overturning vehicle, in which direction do you jump? And then once you hit the ground, what's the best way to roll? Here's another one: When your car is suddenly plunging into ...

Molycorp Seen Too Cheap as Rare Earth Lures Deal Talk: Real M&A
Molycorp (MCP) Inc.'s gambit to supply Chinese-made magnets to carmakers in Japan is making it one of the mining industry's most attractive takeover candidates. The owner of the biggest US rare-earth deposit, which rose 30 percent since agreeing in ...

RUFF brings martial arts back to China
By Josh Gross Ed Jones/AFP/Getty Images The Ranik Ultimate Fighting Federation is giving Chinese fight fans something to cheer about. The fate of Chinese mixed martial arts apparently rests on a handful of guys who've never been in the fight business ...

China Sees US as Competitor and Declining Power, Insider Says
BO'AO, China — The senior leadership of the Chinese government increasingly views the competition between the United States and China as a zero-sum game, with China the likely long-range winner if the American economy and domestic political system ...

China's Reform Race Against Time
Despite a chaotic leadership transition, Beijing's capacity for sensible policy moves seems to be intact. Witness a string of recent liberalization measures, in some cases the most significant economic opening in years. Among the more notable moves: ...

Dangdang Buoys Index Jump on Factory Data Boost: China Overnight
Chinese equities traded in the US extended their best quarter since 2010, led by E-Commerce China Dangdang Inc. (DANG), as a government manufacturing index rising to a one-year high bolstered the outlook for the economy. The Bloomberg China-US Equity ...

METALS-Copper slips after rally, losses capped
SINGAPORE, April 3 (Reuters) - Copper pulled back early on Tuesday in Asia after rising more than 2 percent in the previous session, its biggest single-day gain since February, as upbeat manufacturing data in the United States and China eased worries ...

Asian Stocks, Won Gain on China Services Data; Yen Climbs
Asian stocks rose for a third day and South Korea's won strengthened after data on China's services industries and US manufacturing beat estimates. The yen touched a three-week high, while copper fell. The MSCI Asia Pacific Index (MXAP) advanced 0.2 ...

China's Central Banker Sees Risk of Global Recession
By ANDREW BROWNE BOAO, China—China's central bank Gov. Zhou Xiaochuan warned that the global economy hasn't yet escaped the financial crisis, while cautioning the US to take "more responsibility" for its monetary easing. There are "new elements that ...

China detains 22 after Inner Mongolia protest: group
| BEIJING (Reuters) - Chinese police detained 22 ethnic Mongolians after hundreds of them protested against the seizure of land in Inner Mongolia, an overseas rights group said on Tuesday, in the latest case of unrest in the vast and remote northern ...

Suntech "sun king" sees industry back in black, eyes US duties
By Ran Li and Lee Chyen Yee | BOAO, China (Reuters) - Suntech Power Holdings Co Ltd's (STP.N) chief executive said on Tuesday the Chinese solar company expects to return to profit, along with the entire industry, in the fourth quarter as prices ...


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