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China News 11/2012 (Page 12)



Wen Jiabao: Please Forget Me
Chinese Communist Party leaders typically do all they can to ensure their names earn a permanent spot in the history books, scratching and biting so their signature ideas – Mao Zedong Thought, Deng Xiaoping Theory, Jiang Zemin's Three Represents, and ...

Israel Chemicals Profit Drops 9% on Meager Sales to China
Israel Chemicals Ltd. (ICL) reported a 9 percent drop in third-quarter profit as Potash Corp. (POT) of Saskatchewan Inc., the world's biggest fertilizer maker, pursues a $13.5 billion takeover bid. Net income fell to $395 million from $436 million in ...

Danny Bowien, Mission Chinese Chef, Talks Stress, Authenticity With 'GQ'
Will 2012 be remembered as the year that Danny Bowien, founder of Mission Chinese Food in San Francisco, finally became a full-fledged celebrity chef? There's certainly a case to be made: in May, he opened the second outpost of Mission Chinese, in New ...

BASE METALS: Copper Down on Greece, China Jitters
NEW YORK--Copper futures fell Wednesday on reports that Greece and its international lenders failed to reach an accord on the next rescue payment and weaker metal-imports data from China. The most-actively traded contract, for December delivery, fell 2 ...

China Aircraft Carrier Style! Assessing the First Takeoff and Landing
Two months after China's first aircraft carrier Liaoning was commissioned, and a year and a half after it began sea trials, an Chinese J-15 fighter became the first known fixed wing aircraft to take off from and land on it. Footage of the occasion ...

China's Communist Party newspaper falls for Onion story about Kim Jong Un
BEIJING – The online version of China's Communist Party newspaper has hailed a report by The Onion naming North Korean dictator Kim Jong Un as the "Sexiest Man Alive" -- not realizing it is satire. The People's Daily on Tuesday ran a 55-page photo ...

“Rule of Law” Issues Top of Mind for Canadian Firms Active in China
What's the major concern for Canadian firms doing business in China? It centers around “rule of law” issues such as intellectual property rights, according to a think tank focused on Canadian-Asian relations. In a survey conducted by the Asia Pacific ...

China Unveils New Killer Drones, Aims Them At Russia
China's Wing Loong drone, closely modeled on the U.S. MQ-9 Reaper, on display at the China International Aviation and Aerospace Exhibition in Zhuhai. Photo: via David Cenciotti. Watch out, Vladimir Putin: China's drone fleet is getting real. And ...

Chinese Movie Studios Seek Shanghai Listings
SHANGHAI—Two state-owned Chinese film companies are aiming to list shares on Shanghai's stock exchange, as Beijing champions the growth of a homegrown film industry to rival Hollywood. Beijing-based China Film Co. and Shanghai-based Shanghai ...

Shanghai Ship Index Challenges 268-Year-Old London Bourse
Shanghai Shipping Exchange will introduce dry-bulk and oil-tanker indexes today in a challenge to a 268-year-old London bourse that sets freight rates covering about 75 percent of global commodity cargoes. The indexes will track China-import shipping ...

ICBC Steps Up Overseas Push
BEIJING—China's largest bank by assets is opening new business in the Middle East, Europe and South America this week as the nation's big state-controlled lenders look to bolster their foreign presence to drive growth. China's top four lenders remain ...

Diplomacy With Chinese Characteristics
In 2008, China started a row with India by stapling separate visas to the passports of Indians from Kashmir and Arunachal Pradesh states, a clear signal that it didn't recognize New Delhi's sovereignty over these areas. Now Beijing finds that Delhi and ...

Block Gives Up on China Shorts, Says State Protects Fraud
Carson Block, founder of Muddy Waters LLC, said he's lost interest in betting against Chinese stocks and speculates the government is protecting fraudulent companies. “China has gotten harder in the sense that the government has really taken the side ...

Emerging Stocks Drop Most in Two Weeks on U.S. Budget Concerns
Emerging-market stocks fell the most in two weeks on concern that little progress is being made in U.S. budget talks to avert spending cuts and tax increases that may send the world's largest economy into recession. Vale SA, the world's biggest iron ...

Sinopec Unit Plans Hong Kong Listing
China Petrochemical Corp. is planning a Hong Kong listing for its engineering unit next year, in a deal that could raise around US$1.5 billion and help China's largest oil refiner by capacity boost its non-oil operations overseas. China Petrochemical ...

Is the United States Losing Egypt to China?
Among the many objectives Egyptian President Morsi set for himself upon assuming office in June was to enhance Egypt's autonomy in foreign policy and reassert its traditional pan-Arab leadership role. He did this with much bravado last week in helping ...

What we get wrong about China
Editor's note: Bhaskar Chakravorti is senior associate dean of International Business and Finance and founding executive director of the Institute for Business in the Global Context at The Fletcher School at Tufts University.The views expressed are the ...

Next Media Secures Sale of Taiwan Media
TAIPEI—Hong Kong media magnate Jimmy Lai's Next Media Ltd. agreed Wednesday to sell its Taiwan print and television operations for 4.64 billion Hong Kong dollars (US$598.7 million), ending a long-running process that has ignited demonstrations here ...

Exploding Modern Chinese Art!
This week at the Smithsonian's Sackler Gallery you can experience some of the coolest modern and ancient Chinese art you are likely to see for a long time. On Friday at 3 p.m., to the north of the gallery on the National Mall, in what promises to be a ...

METALS-Copper dips on Greek deal uncertainty, US budget talks
Wed Nov 28, 2012 10:52am EST. * China manufacturing to show further growth in Nov -ANZ * Copper price moves subdued, eyes also on Fed meeting * U.S. single family home sales fall in October By Susan Thomas LONDON, Nov 28 (Reuters) - Copper fell ...

Spring Air Considers Hong Kong Hub in Cathay Pacific Challenge
Spring Airlines Co., China's biggest privately-owned carrier, is considering a venture in Hong Kong as it joins operators trying to break Cathay Pacific Airways Ltd. (293)'s grip on the city's aviation market. The carrier has drawn up a plan as part of ...

HIV/AIDS Cases Rising In China
BEIJING, Nov 28 (Reuters) - The number of new HIV/AIDS cases in China jumped in the first 10 months of the year, as premier-in-waiting Li Keqiang promised to let non-governmental groups play a bigger role in fighting an epidemic spreading fast in ...

China Seeks to Calm Anger Over Passports
China appeared to seek to assuage angry neighbors over a passport design they consider provocative, one day after the U.S. said it would raise the issue with Beijing. A map printed in new Chinese passports depicts as part of China waters and islands ...

12-year survey: Japanese view of China and Korea hits record low
Japanese nationalists carry national flags and placards during a rally over the Senkaku islands. (Rie Ishii — AFP/GettyImages). Since 2000, the Japanese government has surveyed public opinion toward a handful of foreign countries, and this year's ...

China's Future Premier Shrugs Off US Election's China Bashing, Says 'Trust Us'
China's future premier shrugged off the China bashing of the U.S. presidential-election campaign, suggesting that the harsh words are now behind the two countries and that Washington has nothing to fear from Beijing. Li Keqiang, named to the No. 2 spot ...

Trying Juveniles
BEIJING — It's no secret that the Chinese government's human rights record falls short of international standards. Dissidents are imprisoned and harsh policies are imposed on Tibet and Xinjiang. Religious groups that operate without government ...

Lilly Sees Growth, Challenges in China
BEIJING—Eli Lilly & Co. aims to expand across China amid a rise of chronic illnesses that would propel sales of the pharmaceutical giant's diabetes, cancer and cardiac drugs, its chairman and chief executive said. But the Indianapolis-based company ...

China Auto Output Falls For Japanese
TOKYO—Japanese car makers reported a far steeper drop in production in China in October than in the preceding month, hit by the full impact of anti-Japanese sentiment amid the continuing territorial spat between the two countries. Toyota Motor Corp ...

Dim Sum Sales Double as New Elite Back Global Yuan: China Credit
Dim Sum bond sales by Chinese borrowers surged to a four-month high in November as the country's new political elite signaled a commitment to making the yuan a global currency. Beijing Capital Land Ltd. (2868), the developer whose shares have risen 92 ...

Copper Shortage Seen Extending as China Accelerates: Commodities
(For more commodity columns, click CMMKT.) Nov. 29 (Bloomberg) -- Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract ...


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