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China News 07/2012



Protesters March as New Hong Kong Leader Is Sworn In
HONG KONG — Huge crowds of protesters thronged the streets of Hong Kong on Sunday afternoon, hours after President Hu Jintao of China swore in a new chief executive and cabinet for the territory. Surging down broad avenues between high-rises in a ...

China's Zheng tags herself 'lightweight tennis champion'
London, July 1 — Being one of the most dimunitive figures in the Wimbledon, Chinese tennis player Zheng Jie feels like a 'lightweight champion'. Zheng stands only 1.64 metres and weighs 50 kg, looks just humbled in stature on Centre Court by Serena ...

Global IPO Market Keeps Shrinking
By LYNN COWAN The global IPO market continued its downward track in the second quarter, notching its fourth consecutive period of declining deals in nearly every corner of the world. Broad market conditions remained unstable because of the credit ...

China caps car sales in Guangzhou to ease jams
| BEIJING, July 1 (Reuters) - China's booming southern city of Guangzhou is limiting the number of new cars on the streets to ease traffic jams and cut pollution, state media said on Sunday, a move that could weigh on sales in the world's largest car ...

China in a Growth Recession
A vendor offers postcards for sale to tourists visiting central Beijing's ancient Drum (rear) and Bell Towers on May 26, 2010. According to organizers of The Global Travel and Tourism Summit, currently being held in the Chinese capital, although GDP ...

Anti-China Protesters Take to Streets of Hanoi
HANOI - Hundreds of people in Vietnam's two major cities marched through the streets Sunday to protest China's latest moves against Vietnamese sovereignty claims in the South China Sea. Policemen outside the Chinese Embassy in Hanoi braced for the ...

Mass protests in Hong Kong as new leader is sworn in
Tens of thousands of pro-democracy demonstrators gathered to protest 15 years of Chinese rule as Hong Kong's third chief executive was being sworn in. By Kelvin Chan, Associated Press / July 1, 2012 Tens of thousands of Hong Kong residents take part in ...

Japan Seeks Expansion of $3 Billion China Swap Deal, Nakao Says
Japan will seek to expand a $3 billion currency swap agreement with China to strengthen direct trading between the yen and yuan, the nation's top currency official said. “We're aware of the need” to enhance the agreement signed in 2002, Takehiko Nakao, ...

China HSBC PMI hits 7-mth low of 48.2 in June
| BEIJING, July 2 (Reuters) - China's factory activity shrank in June at the fastest pace in seven months as new export orders tumbled to depths last seen in March 2009, a private sector survey showed, underlining the risk of a lurch lower for the ...

Yuan Touches One-Month High After Manufacturing Data Tops Survey
The yuan rose to a one-month high after manufacturing data exceeded economists' forecasts, stoking speculation the currency may rebound after its worst quarter since a dollar peg ended in 2005. The People's Bank of China set its daily fixing 0.16 ...

Brent dips towards $96 after weak China data
By Jessica Jaganathan | SINGAPORE (Reuters) - Brent crude dropped towards $96 a barrel on Monday as weak factory data from top energy consumer China spurred caution, after oil prices posted their fourth biggest daily gain on record in the prior session ...

India Morning Call-Global markets
-----------------------(08:10 am)----------------------- Stock Markets S&P/ASX 200 4140.70 +46.17 NZSX 50 3437.90 +38.07 DJIA 12880.09 +277.83 Nikkei 9006.78 +132.67 NASDAQ 2935.05 +85.56 FTSE 5571.15 +78.09 S&P 500 1362.16 +33.12 Hang Seng 19441.46 ...

Apple settles iPad trademark dispute in China for $60M
Apple had previously accused Proview of tricking it into signing a contract that would raise questions about the trademark's rightful owner. by Steven Musil Apple's iPad trademark trouble in China appears to be behind it. The consumer electronics giant ...

China's Looming Pension Crisis Spooks Workers
The number, which comes from financial planners cited in the Chongqing Morning Post, is based on the assumption that workers born in the 1980s will need 2000 yuan ($315) per month for 20 years to retire comfortably. A group of retired workers practise ...

Yum Brand's great growth overseas: Not over yet
(MONEY Magazine) -- As the parent company of fast-food chains Kentucky Fried Chicken, Pizza Hut, and Taco Bell, Yum Brands has grabbed a piece of the best growth story of the decade. When demand for the staples of Fast Food Nation slowed at home, ...

Edinburgh film fest lauds riot doc & China's Mao Mao
By Ian MacKenzie | EDINBURGH (Reuters) - The Edinburgh Film Festival reinstated its awards with a bang over the weekend by handing out top honors to a gritty documentary about the 2011 riots in Britain and a film exploring the alienation of China's ...

Is the PLA a Paper Dragon?
China's military has its weaknesses. But it's strong enough to dominate Asia, thanks in part to America. By MICHAEL AUSLIN China's boasts about its military may soon be put to the test, as new tension with Vietnam in the South China Sea comes on the ...

Emerging Markets, Past and Future
The state of emerging markets matters more to us than ever before. In an environment where the US economy struggles to grow 2%, a modest number yet one that seems out of reach for Japan and the European Union, we're counting on the developing world to ...

China's sportswear brands nurse Olympics hangover
HONG KONG (Reuters) - China's Olympic hero Li Ning wasn't just walking on air when his country hosted the 2008 Games. Suspended by wires, he ran a mid-air lap around the Bird's Nest stadium in Beijing, Olympic torch in hand, to light the cauldron at ...

Mercedes lags in China as Audi and BMW Hit the Throttle
When shopping for a new car last year, James Zhang considered a Mercedes and a BMW, then settled on Audi's Q7 sport-utility vehicle because he said it suited his status. “Audi makes people look mature and it's more low-key,” said the ...

Wang Jianlin of China's Wanda Group upbeat on AMC deal, expansion
BEIJING — The Chinese tycoon Wang Jianlin proudly pointed to the sweeping abstract painting of the Great Wall hanging in his marble-walled office. "It cost more than you can imagine," said the 57-year-old head of Dalian Wanda Group, China's largest ...

Asian stocks markets rise on hopes for stimulus measures to boost global ...
Asian stocks markets rise on hopes for stimulus measures to boost global ...

Asian Currencies Gain, Led by Peso, on Global Easing Optimism
Asian currencies strengthened, led by the Philippine peso and South Korea's won, on speculation central banks in the world's biggest economies will ease monetary policies to spur growth. The peso advanced for a sixth day, the longest winning streak ...

STOCKS NEWS SINGAPORE-Shares extend gains for 5th session
Singapore shares rose by midday, extending gains for the fifth straight session, as weak manufacturing data around the world spurred hopes that central banks could introduce more measures to help support the global economy. At 0341 GMT, the benchmark ...

Reporters on the Job: On the hunt for disappeared Chinese knockoffs
Staff writer Peter Ford questions a Chinese stallholder about why knockoffs went missing from a market in Beijing, when a man barrels up to him to aggressively video his interview. By Peter Ford, Staff writer / July 3, 2012 Intrigued by reports from my ...

China's Land Market Defrosts
By ESTHER FUNG SHANGHAI—China's land market is showing signs of activity as developers regain an appetite for buying after months on the sidelines. Over the past two months, as sales in the property market have climbed and inventories dropped, ...

METALS-Copper hits 6-week high, stimulus prospects help
* Downbeat factory data adds to ECB easing expectations * China's services sector expands in June By Susan Thomas and Silvia Antonioli LONDON, July 3 (Reuters) - Copper hit a six-week high on Tuesday, joining a global rally in financial markets as ...

Temasek's China Bank Gains Offset by Euro Crisis: Southeast Asia
By Sanat Vallikappen on July 03, 2012 Temasek Holdings Pte's sale of Chinese bank shares probably helped Singapore's state-owned investment company weather losses from the European debt crisis in the past year. The company sold shares in China ...

'Call of Duty' heads for China in online deal
Activision Blizzard, the biggest US video game publisher by market capitalization aims to take its popular "Call of Duty" title as a free-to-play online game to China in a bid to expand its footprint in Asia. Shares of Activision were up 3 percent, ...

San Diego Zoo gets two Chinese alligators in preservation effort
—— SAN DIEGO On her first full day in her new home, Xiao was tentative Tuesday, but the sun finally lured her out of the pool onto the sand. Xidi was less adventuresome, preferring the water. The pair of Chinese alligators had just arrived at the San ...


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