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China News 03/2016



China reaffirms its commitment to North Korea sanctions
In this Oct. 10, 2015, file photo, North Korean leader Kim Jong Un, right, joins hands and waves with visiting Chinese official Liu Yunshan, the Communist Party's fifth-ranking leader, during a parade in Pyongyang, North Korea. AP FILE PHOTO. BEIJING ...

China's Anbang: from auto insurance roots to global buyer of luxury hotels
BEIJING China's Anbang Insurance Group Co has emerged from near obscurity 18 months ago to sign deals worth more than $30 billion, moving into the big league of global real estate and finance. The Beijing-based firm has offered $12.8 billion for U.S. ...

Time To Relax Over China's 'Capital Outflow Crisis'
Ever since the PBoC first let the Yuan (CNY) fall last August analysts have watched China's FX reserves with bated breath. The move certainly spooked both investors and mainlanders alike, which is why some $700 billion to $1 trillion is estimated to ...

The real reason to worry about change in China
By Narayana Kocherlakota The world's largest currency union contains about 1.7 billion people and accounts for more than a third of global economic output. It also may be headed for a breakup — and that's a risk to which policy makers everywhere ...

The US is heading toward a dangerous showdown with China
The Obama administration is moving toward what could be a dangerous showdown with China over the South China Sea. The confrontation has been building for the past three years, as China has constructed artificial islands off its southern coast and ...

Commodity Rally Threatening $460 Billion China Bonus From Slump
China got a $460 billion break annually during the collapse in commodity costs, so this year's rally in everything from oil to iron ore is starting to erode the bonus of cheap imports. That complicates President Xi Jinping's efforts to prop up ...

Warner's Flagship Entertainment Unveils 12 China Movies
Flagship Entertainment, the joint venture between Warner Bros., China Media Capital and broadcaster TVB, unveiled its first 12 movie projects to be made in China. Titles include: “Crater,” “Chinese Wall Street,” a Chinese remake of “Miss Congeniality ...

China's Li Outlines Dual Growth-Reform Plan as Challenges Mount
Premier Li Keqiang argued that China can cut back bloated industries without mass layoffs or derailing the nation's growth trajectory. Policy makers will employ "innovative measures" to keep the economy on track as economic performance diverges across ...

China stocks rise as parliament ends with more government assurances
... * China's CSI300 +0.49 pct, SSEC +0.14 pct. * Hong Kong's HSI -0.54 pct. * Little apparent reaction to Premier Li's press conference. SHANGHAI, March 16 China stocks edged higher on Wednesday as the country's annual meeting of parliament ended ...

China rattles nerves in disputed South China Sea by opening tsunami alert centre
A satellite image shows dredgers working at the northernmost reclamation site of Mischief Reef, part of the Spratly Islands, in the South China Sea, in February. China has set up a tsunami alert centre in the South China Sea, the head of the country's ...

Delegates Endorse China's 5-Year Plan but Resist Saying Much Else
BEIJING — Not long after 8 a.m. on Wednesday, a line of buses roared onto cordoned-off Tiananmen Square in the heart of Beijing to drop off hundreds of delegates to the National People's Congress. They walked quickly to the granite-pillared Great Hall ...

Unofficial Poll on Legislative Proposals Hints at Chinese Priorities
BEIJING — Ban eating cats and dogs. Raise teachers' pay. Make the college entrance exam the same for everyone throughout China. These three proposals by delegates at the annual sessions of the National People's Congress, the country's legislature, and ...

China sees Taiwan as key security threat: US report
China now believes that the most important threat to its security interests might come from Taiwan, a new US congressional report said. “The most salient challenge to Chinese interests perceived by leaders in Beijing relates to sovereignty vis-a-vis ...

Made in China Not as Cheap as You Think
Even with the dollar's rally since 2014, U.S. manufacturing is benefiting from the world's strongest rate of productivity, a flexible labor market, cheap energy and from having a big domestic market. That's according to new research by Oxford Economics ...

China official says Hong Kong sovereignty 'impossible'
A senior Chinese official has said it is "impossible" for Hong Kong to become a sovereign state. It comes days after an article in a university newspaper called for the United Nations to recognise as Hong Kong as a separate country by 2047. Hong Kong ...

China's strategy must avoid mass layoffs while cutting production work
BEIJING: China must avoid mass unemployment from failing mines and factories even as it cuts back on its vast production of unwanted coal and steel, Premier Li Keqiang said Wednesday. His remarks, at the end of a legislative meeting that focused on ...

China building tsunami alert centre in South China Sea
BEIJING: China is building a tsunami alert centre in South China Sea, a senior official here has said and underlined that the facility in the disputed region has been approved by the UN. The facility is being constructed in the South China Sea, Wang ...

China says opposes unilateral sanctions on North Korea
BEIJING China expressed its opposition on Thursday to unilateral sanctions against North Korea saying they could raise tension, after the United States imposed new curbs on the isolated country in retaliation for its nuclear and rocket tests. U.S ...

China to push Myanmar's new government on stalled dam
BEIJING China signaled on Thursday that it will push Myanmar's new government to resume a controversial stalled dam project in the Southeast Asian country, saying the contract was still valid. Outgoing Myanmar President Thein Sein angered Beijing in ...

After shootout, China says Uighur militants a threat to Indonesia
BEIJING Ethnic Uighur militants from western China are increasing their presence in Indonesia, China's Foreign Ministry said on Thursday, after Indonesian security forces said they killed two Uighurs belonging to a militant network. Indonesia has ...

Story of cities #4: Beijing and the earliest planning document in history
The seemingly incoherent sprawl of modern Beijing is based on meticulous plans to bind citizens together under imperial rule. Conceived as a means of enforcing social order, the impact of planning remains strong in the city today. This scale model ...

China Should Brace Itself for a Rude Economic Awakening
If China manages to hit its economic growth targets this year, it will do so at a huge cost. The annual plenary session of the Chinese National People's Congress (NPC) is always a puzzle for China watchers. The 12-day meeting of China's rubber-stamp ...

With Gambia move, China ends diplomatic truce with Taiwan
BEIJING/TAIPEI China resumed ties with former Taiwan ally Gambia on Thursday, ending an unofficial diplomatic truce between China and Taiwan following January's landslide election of the leader of a pro-independence party as the self-ruled island's ...

China stocks rise at midday, boosted by weaker dollar
SHANGHAI, March 18 (Reuters) - China stocks rose on Friday as the weaker dollar continued to ease worries on capital outflows from China. The dollar is down over one percent against a basket of currencies over the past two days following Federal ...

Why Are There Doubts Over China's Growth Rate?
China's growth rate has been in the spotlight ever since Li Keqiang – China's Premier – signalled the arrival of a 'new normal' in May 2015. Before then, headline rates routinely in excess of 8%, even rising above 14% in 2007, meant the detail was not ...

China columnist Jia Jia 'goes missing' en route to HK
A Beijing-based columnist has gone missing while on his way to Hong Kong, his lawyer has told the BBC. No-one has had contact with Jia Jia since Tuesday night when he was set to board his flight. His wife has reported him missing. He is said to have ...

A tale of two tiers: China's top cities take off
Property prices in China's top cities soared as much as 57 per cent in the year to February, widening the gap with the country's ailing smaller locations. Shenzhen, the tech-heavy city across the border from Hong Kong, typifies the rise — some say ...

China's biggest problem? It's turning into America.
China has problems. Its economy is slowing, its exports are falling, and U.S. dollars are fleeing its shores as its economy and various state-run enterprises pay off enormous amounts of debt overhang. But if you want a pithy, counterintuitive, big ...

On Social Media in China, Size 0 Doesn't Make the Cut
A 24-year-old Chinese student who did not want her full name to be used holding up a piece of paper to show the slimness of her waist. Credit Courtesy of Ms. Liu. BEIJING — In the latest beauty craze sweeping social media in China, women — and some ...

China cuts bank card fees
BEIJING, March 18 (Xinhua) -- China will cut fees on purchases made through bank cards from Sept. 6 on and save businesses about 7.4 billion yuan (1.16 billion U.S. dollars) each year. The move will not affect consumers. Bank service fees will go down ...


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