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China News 02/2016



China says pastor suspected of misappropriating funds
BEIJING — China's state-sanctioned Protestant church body says a pastor in a province where authorities have been cracking down on churches is under investigation for suspected misappropriation of funds. The Zhejiang province branch of the Three-Self ...

China says US seeks "hegemony" after South China Sea sailing
BEIJING China accused the United States on Monday of seeking maritime hegemony in the name of freedom of navigation after a U.S. Navy destroyer sailed within 12 nautical miles of a disputed island in the South China Sea. China claims most of the South ...

Europe Stocks Lower as Weak China Data Weighs
FRANKFURT, Germany — European stocks fell Monday amid ongoing jitters over the Chinese economy following weak manufacturing data. Japanese stocks, however, extended gains following the Bank of Japan's decision last week to introduce a negative ...

China's Xi sets up five new "battle zones" in military reform push
BEIJING China on Monday inaugurated the military's five new "battle zones", the Defense Ministry said, the latest step in President Xi Jinping's efforts to reform the country's armed forces. Xi's push to reform the military coincides with China ...

China company accused of fleecing investors of $7.6 billion
Ding Ning, owner of Ezubao, is escorted by policemen in an unknown location. Chinese police arrested 21 employees at China's largest online finance business on suspicion of fleecing 900,000 investors for $7.6 billion, in what could be the biggest ...

China's record factory gauge slump adds to a policy dilemma
China's official factory gauge signaled a record sixth straight month of deterioration, raising the stakes for policy makers struggling to prop up the economy amid a second bear market in stocks since June and a currency at a five-year low. The ...

As China's growth cools, the real worry in Beijing: unemployment
The legitimacy of the Communist Party is closely linked to its ability to deliver a good life to China's hundreds of millions of workers. By Peter Ford, Staff writer February 1, 2016. Save for later Saved. close. The Songting steel mill, which is ...

China Pumps Billions Into Banks, Signaling Fresh Economic Panic
TAIPEI, Taiwan (TheStreet) - China has already moved many times to help the economy by boosting an erratic stock market, but still panicked, the government is now pouring money into banks. In late January, Chinese authorities injected nearly 2 trillion ...

China Labor Market Faces Headwinds in Factories, Services: Chart
Two employment indicators in China's official purchasing managers index released Monday underscore labor-market obstacles. The sub-gauge for services employment was below the 50 line that separates improvement from deterioration for the 12th straight ...

US to China: Let the Missing Hong Kong Booksellers Go Home
Anthony Kwan—Getty Images Books on Chinese politics are seen at the warehouse of Hong Kong–based publisher Mighty Current Media, owned by missing bookseller Lee Bo, on Jan. 2, 2016, in Hong Kong ...

10 Ways You Can End up on China's Latest Air-Travel Blacklist
The world's largest seasonal migration of people — otherwise known as China's annual Spring Festival holiday — is increasingly slogging its way through airports and spilling outside China's borders. With the initial wave of passengers already out the ...

Exalting Life as a Single in China
BEIJING — “You must marry!” It's a phrase many single Chinese are steeling themselves to hear from well-meaning but busybody relatives during the Lunar New Year holiday, which begins on Feb. 7, when millions of Chinese will return home. So great is ...

Video Extols China's Party Slogans, Turning to Rap and Beethoven
BEIJING — China's Communist Party propagandists turned to rap and Beethoven this week in their quest to reach a target audience often rendered indifferent to dull party slogans by lifelong consumption. “It is everyone's dream, to build a moderately ...

China's Lunar New Year Migration Off to a Difficult Start
HONG KONG — The Lunar New Year makes for trying travel in China, as hundreds of millions of people board trains, planes and buses to visit family and celebrate the country's most important holiday. When the weather turns bad, the journey can turn ...

China Makes Big Forays in Europe Amid Doubts
February 02, 2016 6:53 AM. BEIJING—. China's economic footprint is spreading across Europe at an intense pace, sparking concerns about Beijing's reach on the continent. In recent months, Chinese companies have inked deals for building a nuclear plant ...

Will China Rescue Venezuela?
Chinese President Xi Jinping meets with Venezuela's President Nicolas Maduro at the Great Hall of the People September 1, 2015 in Beijing, China. Maduro is visiting China seeking financial assistance as Venezuela has been hit hard by recession. (Photo ...

China Situation Critical: The Presidential Economic Veto Kicks In
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ...

'Eyes on China': Illuminating Life Across a Changing Country
BEIJING — Two photographers living in China, Kevin Frayer of Getty Images and Fred Dufour of Agence France-Presse, set up a collective Instagram account in June that displays photographs and short videos taken across China. They called it “Eyes on ...

DEALTALK-Though trying to stem capital outflows, China will press on with foreign buys
(For more Reuters DEALTALKS, double click on ). * China M&A to continue despite capital restriction. * Beijing fighting 'hot money', not strategic investments. * China targeting deals that can upgrade its economy. * Financing of China M&A deals often ...

Auspicious Eight: China's Biggest Overseas M&A
China has sealed a new number 1 deal — its largest overseas acquisition. Here is a look at the country's biggest deals outside of Greater China, and a snapshot of Bloomberg's coverage at the time: ...

How China's celebration of the Year of the Monkey breaks down by the numbers
The 2015 Lantern festival, marking the last day of China's traditional Spring Festival. (AFP/Getty Images). China's Spring Festival -- also known as Chinese New Year -- celebrations begin next week. It will bring in the Year of the Monkey — the ninth ...

China Sets 6.5% to 7% Growth Target, First Range Since 1990s
China set a range for its economic growth target for the first time in two decades, saying the world's second-largest economy would expand 6.5 percent to 7 percent this year, slower than last year's goal of about 7 percent. While downward pressure on ...

Declaring de-radicalisation success, China reduces 11 sentences
BEIJING Authorities in China's unruly far-western region of Xinjiang have reduced the sentences of 11 people jailed for threatening state security after declaring success of a de-radicalisation programme, state news agency Xinhua reported. Hundreds of ...

China to Plan Looser Limits on Foreign Fund Outflows
China's central bank plans to loosen rules for when foreign investors can bring money in and out of the country in a signal of its commitment to further open financial markets, according to people with direct knowledge of the matter. The rule changes ...

China cannot restrain North Korea rocket launch, Beijing says
A Chinese foreign ministry spokesman said North Korea reserves the "right to use space" for a satellite launch. By Elizabeth Shim | Feb. 3, 2016 at 10:04 AM. Comments 0 Comments. share with facebook. share with twitter. North Korea's Kim Jong Un has ...

North Korea's rocket plans seen as disrespectful of China
BEIJING – The timing couldn't have appeared worse. North Korea announces it will launch a long-range rocket smack in the middle of a top Chinese envoy's visit to Pyongyang. In diplomatic terms, it was yet another sign of disrespect for North Korea's ...

China, HK stocks rebound as dollar tumble ease yuan depreciation fears
... * CSI300 +0.8 pct; SSEC +1.1 pct; HSI +1.5 pct. * Yuan depreciation fears ease after dollar tumble. * China sees first mutual fund liquidation this year. SHANGHAI, Feb 4 China and Hong Kong stocks rebounded on Thursday morning after an overnight ...

China pilots told to rise above prostitution, gambling and drink
BEIJING Feb 4 China's airline pilots have been warned to steer clear of prostitutes, gambling and drink ahead of this year's Lunar New Year holiday, part of a campaign to strengthen the country's air safety record. China has experienced few crashes ...

Three Key Tips for Expat Startup Founders in China
Silicon Valley's mantra to move fast and break things is spreading to tech startups around the globe. Perhaps nowhere is that more evident than in China, where competition is fierce and the scale of potential users is huge. While “breaking things” may ...

China formally starts graft probe of former Sichuan governor
BEIJING China's main anti-corruption watchdog said on Thursday it has formally begun an investigation into the former governor of China's populous southwestern province of Sichuan, accusing him of serious "discipline violations". The government said ...


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