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China News 08/2013



Give Me Your Yuan: Chinese Are Eager for US Assets
“President Obama and I, we welcome, encourage, and see nothing but positive benefit from direct investment in the United States from Chinese businesses and Chinese entities. It means jobs.” —Vice President Joe Biden, Aug. 19, 2011, Beijing. Could it ...

CNH Tracker-Offshore yuan expansion too fast for some China firms
Thu Aug 1, 2013 2:26pm IST. By Michelle Chen HONG KONG, Aug 1 (Reuters) - As foreign asset managers start to get access to an offshore yuan investment scheme that was recently the domain of a handful of Chinese financial companies, a fight is quietly ...

Drugmakers fear short-term 'turmoil' as China probes widen
By Ben Hirschler and Elena Berton. LONDON/PARIS | Thu Aug 1, 2013 9:30am EDT. LONDON/PARIS (Reuters) - Chinese authorities visited a regional office of French drugmaker Sanofi this week in the latest sign of a widening investigation into Western ...

Chinese thirst for dairy imports brings hope for EU farmers
By Gus Trompiz and Sarah Young. PARIS/BELVIEW, Ireland | Thu Aug 1, 2013 10:23am EDT. PARIS/BELVIEW, Ireland (Reuters) - The sight of China's companies and even tourists buying up European baby milk products has given farmers a glimpse of what ...

Philippines, Vietnam discuss how they can cooperate amid territorial feud with ...
Philippines, Vietnam discuss how they can cooperate amid territorial feud with ...

Emerging-Market Stocks Snap Six-Day Slump on China Manufacturing
Emerging-market stocks advanced for the first time in seven days as China's manufacturing unexpectedly strengthened and higher crude oil prices boosted producers. Brazil's real tumbled to a four-year low. The MSCI Emerging Markets Index added 0.5 ...

China Condemns US Senate Over Sea Dispute Resolution
BEIJING — China said on Thursday it had lodged a formal complaint with the United States after the U.S. Senate passed a resolution expressing concern about Chinese actions in the disputed East and South China Seas. The U.S. resolution, passed on ...

China endures worst heat wave in 140 years
The heat wave has left dozens of people dead and pushed thermometers above 104 degrees in at least 40 cities and counties. china-heat-water-park. People try to cool off at a water park in Suining, China, last weekend, as a heat wave hit several ...

European Commission Approves Chinese Solar-Panel Pact
The European Commission approved trade chief Karel De Gucht's plan for curbs on Chinese solar panels, allowing import tariffs to be removed in three days in Europe's largest dumping dispute. The commission, the European Union's executive arm in ...

China says human rights situation is at a historic best, rejects US criticism
BEIJING — Beijing says the human rights situation in China is at a historic best, rejecting comments from a senior U.S. diplomat that the rights situation is deteriorating in China, with relatives of activists increasingly being harassed and policies ...

Chinese Activist Accuses Apple Supplier of Polluting
A prominent Chinese activist is taking aim at Apple Inc. supplier Foxconn and a lesser-known manufacturer in a recent report that accuses the companies of environmental violations. The report, which was released by activist Ma Jun's Institute of Public ...

China's Tallest Building Reaches Highest Point
Shanghai Tower, which will be China's tallest building when completed in 2015, reached the highest point of its main structure, adding to the country's construction boom even as the economy slows. A topping-out ceremony today marked the placement of ...

China May Let More Families Have Second Child, Xinhua Says
China is studying whether to relax its one-child policy to allow more couples to have two children, the official Xinhua News Agency reported, citing the National Health and Family Planning Commission. Policy makers are considering a change that would ...

World's second tallest building tops out in China
SHANGHAI (AFP) – Work on the main structure of the world's second tallest skyscraper was completed on Saturday, as the final beam was placed on the Shanghai Tower. A crane placed the steel beam 580 meters (1,900 feet) above the ground in Shanghai, ...

China May Let More Families Have Second Child, Xinhua Says (1)
China is studying whether to relax its one-child policy to allow more couples to have two children, the official Xinhua News Agency reported, citing the National Health and Family Planning Commission. Policy makers are considering a change that would ...

UPDATE 1-China services PMI improves, inflation creeping up
Sat Aug 3, 2013 8:30am IST. * Official non-manufacturing PMI at 54.1 in July vs June's 53.9. * New export orders improve, small firms supported by policy. * Data points to rising inflationary pressure. By Langi Chiang and Jonathan Standing. BEIJING ...

Paris ramps up tourist security amid Chinese concerns
By Natalie Huet. PARIS | Fri Aug 2, 2013 4:34pm EDT. PARIS (Reuters) - France said on Friday it would work harder to safeguard tourists in Paris after a spate of muggings of Asian visitors made such headlines in China that the Chinese embassy demanded ...

US wins trade dispute with China over chicken parts
By Tom Miles and Charles Abbott. GENEVA/WASHINGTON | Sat Aug 3, 2013 9:09am EDT. GENEVA/WASHINGTON (Reuters) - The United States won a long-running trade dispute with China on Friday when the World Trade Organization found Beijing had ...

China Issues Plan to Overhaul Troubled Shipbuilding Industry
China's State Council issued a three-year plan to upgrade and restructure its troubled shipbuilding industry through 2015, a further move to stabilize economic growth through reform, the official Xinhua News Agency reported. The sector faces ...

Singles Day supercharges China's new middle class consumers
Every Nov. 11 in China is Singles' Day, designated as a day to celebrate being unmarried. Last year on the holiday, online sales reached $4 billion—far surpassing, for example, the $1.5 billion in sales on Cyber Monday in the U.S.. The growth in ...

Life in a Toxic Country
BEIJING — I RECENTLY found myself hauling a bag filled with 12 boxes of milk powder and a cardboard container with two sets of air filters through San Francisco International Airport. I was heading to my home in Beijing at the end of a work trip ...

China's consuming problem
Last month, alarm bells were nearly ringing in business and political circles because China's latest gross domestic product figure came in lower than expected — at 7.5 percent. Some rather eminent people immediately came out to proclaim the need for ...

Company offers hikers adventurous trip along the Great Wall of China
The Great Wall Adventure Club arranges hikes from one to 12 days, mostly along remote sections of the wall. (There might be as many as eight travelers in a group, but we were lucky to be just the four of us.) Some inclines are steep, and the trails are ...

China Services to Manufacturing Indicate Slowdown Is Stabilizing
China's economic slowdown may be stabilizing after manufacturing and services surveys showed faster expansion and gauges of business expectations rose. The non-manufacturing Purchasing Managers' Index showed the first acceleration since March, ...

Bearish ETF Bets Reach Six-Week Low on Growth: China Overnight
Options traders are paying the least in six weeks to protect against drops in the largest Chinese exchange-traded fund (FXI:US) in the U.S. on prospects the government will take steps to sustain growth in Asia's biggest economy. The cost of six-month ...

Wary Chinese mothers buy breast milk online
Beijing (CNN) -- Like many mothers, Yan breastfeeds her child. But she's also found a way of making it pay. After noticing she produces more than she needs, Yan -- who lives with her five-month-old baby in Shenyang, the capital of China's northern ...

Alibaba Tackles Counterfeits in China
Police exhibited counterfeit cigarettes and other products to local residents prior to destruction in Shenyang, northeast China, May 15. European Pressphoto Agency. HONG KONG—Alibaba Group Holding Ltd. is stepping up its battle against rampant ...

China's Shoddy State-Run Airlines Leave Grounded Passengers Flying into a ...
China's Shoddy State-Run Airlines Leave Grounded Passengers Flying into a ...

How a Beige Book Could Shed Light on China's Shadow Economy
A Chinese man (R) reads a newspaper as he rests at the entrance of a temple in Beijing on July 16, 2013. China's gross domestic product expanded 7.5 percent in the April-June quarter, official data showed Monday, a second consecutive slowdown in growth ...

Insight: China turf war over yuan reform rattles foreign firms
By Pete Sweeney. SHANGHAI | Sun Aug 4, 2013 7:13pm EDT. SHANGHAI (Reuters) - Multinational companies in China say they are being forced to pick sides in a turf war between two major financial regulators fighting over which agency will drive currency ...


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