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China News 06/2013



UPDATE 1-China ready to start deposit insurance system -cenbank report
Wed Jun 5, 2013 6:13am EDT. (Adds details on plan for broad reforms). * China c.bank says poised to launch deposit insurance. * Report sees increased flexibility of yuan exchange rate. * Banks urged to tighten oversight on off-balance-sheet activities ...

UPDATE 2-China April gold imports fall from record, but rebound seen
Wed Jun 5, 2013 8:07am EDT. * Total April gold imports from HK 125.72 T vs March's 223.52 T. * Hong Kong gold premiums ease from recent peak. * China data comes after India said gold imports jumped in May (Adds comments from Chow Tai Fook and ...

Huayuan Academy brings China to Gaithersburg students
While many kids are spending their summer days at the water park or in their back yards, 40 will be immersed in Chinese language and culture at Gaithersburg Elementary School. “It's very essential for all students to become global citizens and be able ...

Kandi Tech Venture's Electric Sedan Approved by Chinese Regulators
Kandi Technologies Group Inc. (KNDI) said an all-electric sedan the Chinese firm developed with Geely Automobile Holdings Ltd. (GELYY, 0175.HK) received an approval from Chinese regulators that will allow consumers to qualify for subsidies and ...

'Hukou' Policy Pushes Migrants, Graduates Out of Beijing
The promise of a better education and higher paid job attracts tens of thousands of young Chinese to the capital, Beijing, each year. But, increasingly strict policies on residency permits are pushing many Beijing-educated "waidiren" - literally ...

Meeting Peng Liyuan, China's First First Lady
Xi Jinping became President of China in March, and unlike every other president since the beginning of the modern reform era, he brought his wife into the spotlight with him. On his first foreign trip as president, Xi traveled with his wife Peng Liyuan ...

UPDATE 5-China hits back at EU wine over solar panel duties
Wed Jun 5, 2013 10:47am EDT. * China launches anti-dumping and anti-subsidy probe of EU wine. * Move targets south European supporters of solar panel duties. * Germany calls for negotiated settlement. * Thirst for EU wines soars among Chinese middle ...

APNewsBreak: Chinese-American released from China
LOS ANGELES (AP) — Just ahead of a meeting between U.S. and Chinese presidents, a Chinese-American scientist was allowed to leave China after being kept there for five years over a business dispute. It all happened so fast, Hu Zhicheng's wife couldn't ...

Snake Gall Bladders Ditched for Drugs by Balding Chinese
After raw-ginger scalp rubs and walnut snacks failed to counter Shi Yang's receding hairline, the 26-year-old Shanghai engineer says he's ready to ditch his mother's advice and give Western drugs a go. Traditional herbal remedies for male pattern ...

China's State Sector Strikes Back
The best defense is said to be a good offense. That seems to be the strategy at Sasac, the government arm that looks after state assets, just as reform of state industry appears to be around the corner. Reuters: An employee works at a steel factory in ...

Energy Journal: China Broadens Reach Into Latin America
Here's your morning jolt of news, insight and analysis on the global energy business. Send us tips, suggestions and complaints: [email protected] and [email protected] · Click here to receive this morning email newsletter. CHINA TARGETS LATIN ...

Chinese Consumers Less Likely to Up Spending This Year, BCG Says
Consumers in China said they are less likely to increase spending this year as the economic environment becomes more uncertain, according to a Boston Consulting Group survey. In particular, the middle-income and affluent consumers in smaller Chinese ...

TIME Cover Story: How China Views the World
This week's TIME cover story, which is illustrated by the artist-activist Ai Weiwei, examines China's place in the world as it forges ahead into a new decade of leadership under recently-installed President Xi Jinping. For years, the narrative ...

China pledges faster economic reform, says opposes protectionism
CHENGDU, China | Thu Jun 6, 2013 10:22am EDT. CHENGDU, China (Reuters) - China is committed to accelerate economic reform, move faster to a consumer-driven economy and expand imports, while strongly opposing all forms of protectionism, Vice ...

China Looking Forward to 'Historic' US Summit
BEIJING — When President Barack Obama and Chinese leader Xi Jinping hold an informal summit this Friday and Saturday in California, it will be their first get-together since Xi became China's president. The meeting comes at a time when growing ...

China's trade threat leaves bitter taste in French wine world
Thu Jun 6, 2013 10:23am EDT. * China is top export market for Bordeaux reds. * Wine targeted as trade dispute over solar panels widens. * Culture clash as Chinese consumers see wine differently. By Muriel Boselli and Catherine Bremer. PARIS, June 6 ...

Ghana to Expel 166 Chinese Detained for Illegal Gold Mining
Ghana plans to expel 166 Chinese nationals arrested for illegal gold mining and prostitution, while a county in China warned residents against going to the West African country to prospect for the metal. Authorities in Ghana detained the suspects, some ...

First Chinese IPO of 2013 Delivers Decent Pop
LightInTheBox — the first Chinese company to list in the U.S. this year, and also the first online retailer — has made a solid public-market debut, jumping 17.5% in its first trade on the New York Stock Exchange. The stock is being closely watched ...

World Trade Center Developer Plans China Expansion
Larry Silverstein, redeveloper of towers at New York's World Trade Center site, said he will expand investment in China and enter Israel for the first time to capture rising demand from wealth built on natural resources. The company currently is ...

Amid complex relationship, Obama seeks cooperation with China
RANCHO MIRAGE, CALIF. It's being billed as "the shirtsleeve summit." On the grounds of a lavish and verdant 200-acre estate in this resort town, President Obama and his recently empowered Chinese counterpart Xi Jinping, will try to establish a new ...

US Loses Supercomputer Title to China, For Now
In the unending battle to have the world's fastest supercomputer, China's latest once again gives it an edge over top rivals the U.S. and Japan. The WSJ's Bob Davis tells Mariko Sanchanta why China believes it's so important to be No. 1. supercomputers ...

Data mining revelations may overshadow China summit
SAN JOSE, Calif. — President Obama jetted west to cultivate a personal bond with China's new leader — one he hopes might smooth the sometimes volatile relationship between the United States and the rising Asian power. But Obama's carefully-planned ...

China eyes EU luxury cars as trade dispute rages
By Ethan Bilby and Christiaan Hetzner. BRUSSELS/FRANKFURT | Fri Jun 7, 2013 8:27am EDT. BRUSSELS/FRANKFURT (Reuters) - China may look into a complaint about luxury cars imported from the European Union, potentially escalating a trade dispute ...

China Poultry Farm Safety Conditions Were 'Extremely Chaotic' Before Fire ...
China Poultry Farm Safety Conditions Were 'Extremely Chaotic' Before Fire ...

At least 42 die in China bus fire
BEIJING (AP) — An express bus burst into flames on an elevated roadway in southeastern China on Friday, killing at least 42 people and injuring 33 others, state media reported. The blaze occurred during the evening rush hour in the prosperous port ...

JinkoSolar Rises as Shipments Jump 36 Percent on Japan Expansion
JinkoSolar Holding Co. (JKS), a Chinese solar manufacturer, rose the most in more than two weeks as expanding sales in Japan helped boost first-quarter shipments 36 percent. Jinko's American depositary receipts climbed 10 percent to $9.35 at 11:34 a.m. ...

China's Xi Jinping appears more Maoist than reformer so far
BEIJING — With his photogenic wife at his side and a willingness to make eye contact and engage in small talk, Xi Jinping looks more like an American politician than the gray suits who populate the upper ranks of Chinese politics. One of his first ...

China trade data underscores growth worries
By Xiaoyi Shao and Jonathan Standing. BEIJING | Sat Jun 8, 2013 7:02am EDT. BEIJING (Reuters) - China's exports posted their lowest growth rate in almost a year in May while imports unexpectedly fell, government data showed on Saturday, underlining ...

Rising Wages Hit China's Competitiveness, Executives Say
CHENGDU, China--Rising wages are a key challenge for China's economy as the country seeks to compete with cheaper neighbors, several Western executives said at a conference here. Once known as the world's factory, China has lifted living standards ...

China's First Lady Peng Liyuan Brings Rare Glamour to US Summit With Obama
A man holding an umbrella for a woman would not cause a stir in a Western country, but became a sensation when China's leader Xi Jinping held an umbrella over his wife's head recently. It is the latest sensation surrounding Peng Liyuan, China's ...


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