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China News 03/2013



Glencore Won't Meet March 15 Deadline for Xstrata Takeover
Glencore International Plc (GLEN), the largest publicly traded commodities supplier, won't complete its $33 billion takeover of Xstrata Plc (XTA) two weeks from today as planned as it awaits a ruling from China on the deal. “Given the ongoing ...

European Stocks Retreat on UK, Chinese Manufacturing
European (SXXP) stocks declined, following nine months of gains for the Stoxx Europe 600 Index, as measures of manufacturing in the U.K. and China dropped, while a report showed euro-area unemployment has climbed to a record. Rio Tinto Group ...

China Tightens Mortgage Rules as Home Price Increases Continue
China told its central bank to raise down-payment requirements and interest rates for second-home mortgages in cities with “excessively fast” price gains, stepping up efforts to cool the property market. The People's Bank of China's regional branches ...

Taking American Dance to China, and Bringing Back a Film
To promote cultural awareness between the United States and China, the Asia Society recently began a series of artistic exchanges in which performers from each country visited the other to put on a show. If it sounds like old-school diplomacy, that's ...

China TV Kills Live Execution Plans at Last Minute
Myanmar drug lord Naw Kham, center, and three of his accomplices, unseen, are taken to the execution chambers where they will receive lethal injection in Kunming, capital of southwest China's Yunnan Province, March 1, 2013. (Wang Shen/Xinhua/AP) ...

Making an Enemy
As the wars in Iraq and Afghanistan wind down, the quest for a new enemy is underway. The armed services who are fighting over shares of the threatened defense budget (the Air Force and Navy pitted against the Army), select corporations (in particular ...

GLOBAL ECONOMY- US factory activity jumps as Europe, China struggle
Fri Mar 1, 2013 10:37am EST. (Corrects wrap up number to WRAPUP 3) * U.S. ISM manufacturing index at 54.2, highest since June 2011 * German factories grow, rest of Europe falls further behind * Slack demand drops Chinese output to 5-month low * UK ...

Emerging Stocks Erase Weekly Gain on China, Commodities
Emerging-market stocks erased this week's gains, led by commodity producers, after Chinese manufacturing data trailed estimates and as $85 billion of spending cuts were set to be triggered in the U.S.. Vale SA, the world's biggest iron-ore producer ...

Cnooc Said to Cede Control of Nexen's U.S. Gulf Assets
Cnooc Ltd. (883), China's largest offshore oil and natural gas producer, was barred from controlling Gulf of Mexico oilfields under U.S. terms for its $15.1 billion takeover of Nexen Inc. (NXY), people familiar with the matter said. In its purchase of ...

IHT Quick Read: March 2
NEWS To the growing outrage of international conservation groups and the embarrassment of Chinese law enforcement agencies, the international ivory trade is booming, with much of the smuggled ivory ends up as statuary and jewelry in Chinese ...

Boeing Secures Air China Orders for Beleaguered 747-8 Aircraft
Air China Ltd. (753), the nation's biggest carrier by market value, agreed to buy two Boeing Co. (BA) 747-8 aircraft in the planemaker's first sale of the models this year. Air China also will purchase one wide-body 777-300 plane, 20 single-aisle 737 ...

Chinatown landmark named for pioneering jurist
He was the first Chinese American graduate of Stanford Law School and the first Chinese American judge to be appointed to the bench in the continental United States. On Friday, he became the first Chinese American to have a Los Angeles landmark named ...

China targets 15 percent of global satellite launch market, up from current 3 ...
China targets 15 percent of global satellite launch market, up from current 3 ...

China PBOC Adviser Says Monetary Tightening Pressure Has Eased
Pressure on China to tighten monetary policy and macroeconomic controls is easing as inflation will be “relatively low” this month due to slowing food-price gains, central bank adviser Song Guoqing said. Compared with January and February, the pressure ...

Senkaku (Diaoyu) Islands Dispute: China Threatens Japan Ahead Of Legislative ...
Senkaku (Diaoyu) Islands Dispute: China Threatens Japan Ahead Of Legislative ...

Mystery of the Chinese zombie Yalies
BEIJING — U.S. universities have responded to China's exploding demand for American higher education with branch campuses and aggressive recruiting. Now, some are trying to boost their brands by casting photos and other snippets of campus life out ...

Chen Kaige: Beijing Air Pollution Strangling Creativity
Associated Press: A hostess arranges the delegates' chairs before the opening session of the Chinese People's Political Consultative Conference (CPPCC) at the Great Hall of People in Beijing Sunday, March 3, 2013. Associated Press: Chen Kaige ...

Chinese heighten demands ahead of congress
Opening Tuesday, the National People's Congress is derided by critics as theater. CPPCC_008. Firefighters stand guard outside the Great Hall of the People in Tiananmen Square. Thousands of delegates are in the Chinese capital to attend the CPPCC and ...

China Volunteers Rescue 900 Dogs In Cramped In Truck
BEIJING -- The head of an animal rescue center in China said Sunday that volunteers have rescued about 900 dogs that were being transported in poor conditions in a truck. Chen Mingcai of the Chongqing Small Animal Protection Association said that a ...

Suning Jan.-Feb. Sales Post Fast Growth, Billionaire Zhang Says
Suning Appliance Co. (002024), China's biggest electronics retailer, posted fast growth in sales in the first two months of the year amid signs of improving consumer demand, Chairman Zhang Jindong said. “China's new government will put in place ...

China Monetary Tightening Pressure Eases as Growth Rebound Slows
China may hold off tightening monetary policy after growth in services and manufacturing weakened, underscoring challenges for the nation's leaders as they open the annual session of parliament tomorrow. Expansion in industries including retailing, ...

Dragon Sword Game Helps NetEase Surpass Tencent: China Overnight
NetEase Inc. (NTES), the operator of China's second-largest online games website, rallied the most in a year last month as plans for new online titles prompted Morgan Stanley to boost profit estimates. American depositary receipts of NetEase jumped ...

New Chinese Leader Burnishing His Military Support
HONG KONG — On the eve of the opening of the National People's Congress, China's Communist Party chief, Xi Jinping, is emphasizing his role as a champion of the military, using the armed forces to cement his political authority and present a tough ...

US Stock Futures Decline on China Worries, Sequester
U.S. stock index futures pointed to a lower start for Wall Street on Monday, with sentiment soured by concerns over China's attempt to cool home prices and the lack of any progress toward reversing tens of billions of dollars in automatic federal ...

Carlsberg Offers to Raise Stake in China's Chongqing Brewery
Carlsberg A/S (CARLA) said it will offer to buy an additional 30 percent stake in China's Chongqing Brewery Co. (600132) for about 2.9 billion yuan ($466 million) as it expands in emerging markets. Carlsberg, which already holds a 29.7 percent stake in ...

Strong Calls for Change on Eve of China's National Congress
Chinese paramilitary officers behind a traffic light directing vehicles into Tiananmen Square in Beijing as annual European Pressphoto Agency Chinese paramilitary officers behind a traffic light directing vehicles into Tiananmen Square in Beijing as ...

METALS-Copper rebounds from 3-mth low; China property curbs weigh
Mon Mar 4, 2013 12:18pm EST. * China could hike down payments, loan rates for second homes * Inconclusive Italian election, U.S. spending cuts weigh * Copper down 2.5 pct in year to date By Maytaal Angel and Harpreet Bhal LONDON, March 4 (Reuters) ...

China Seen Creating Its Own BHP to Boost Purchases Abroad
A record wave of consolidation in China's mining industry is creating bigger companies that will have the muscle to compete with the likes of BHP Billiton Ltd. (BHP) for overseas acquisitions. Even after Chinese domestic mining mergers reached $19.6 ...

Las Vegas Sands Probably Violated Foreign Corrupt Act
Las Vegas Sands Corp. (LVS), embroiled in two U.S. investigations and a court battle with the former head of its Chinese casino business, said for the first time it probably violated the U.S. Foreign Corrupt Practices Act. Macau unit Sands China Ltd ...

China's Push to Cool Down Housing Raises Questions
Economic data released in the last few days has called into question the strength of China's recovery. It may be that Beijing is so confident in the health of the economy that it can afford to squeeze the real estate sector harder. Or it may be that ...


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