Latest China News
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Chinese firm is among suitors keen to buy Fisker
A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter have ...
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Ruins of St. Pauls in Chinas Macao
Initially established in 1580, St. Paul's Church was set on fire in 1595 and 1601. The reconstruction of the church started in 1602 and it was rebuilt into the biggest Catholic Church in East Asia at that time when completed in ...
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Amazing Wuling Mountain in Beijing
Located in Miyun County some 150 kilometers east of Beijing, Wuling Mountain is a national-level forest reserve. What distinguishes the reserve from other similar mountain resorts in suburban Beijing is its many creeks, waterfalls and moisture-rich air. ...
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NZ shares fall as US China in focus
Source: Photos.com New Zealand shares fell as the prospect of a winding down of US stimulus and weak Chinese manufacturing weighed on equity markets across Asia. Guinness Peat Group dropped after signalling a delay in its transformation strategy. Westpac Banking Corp led lenders and insurers lower. The NZX 50 Index fell 21.122 points, or 0.5%, to 4589.059. Within the index, 37 stocks fell, ...
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Nawaz Sharif seeks civil nuclear technology from China
Li Keqiang . Sharif called on Li at a hotel here this morning and discussed ways to strengthen bilateral relations in different fields. He focussed on civil nuclear technology, trade and foreign investment during his talks with Li, Geo News channel quoted its sources as saying. The PML-N chief said China had invested in Pakistani nuclear projects in the past and should provide more cooperation ...
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Chinese infrastructure projects in India stalled by red tape
New Delhi : Along with talks on resolving border disputes, India and China, the two most populous and fastest growing Asian economies, are talking business and laying a roadmap to reach a 'dynamic balance' in bilateral trade.Bilateral trade between the two nations reached $66 billion last year. Currently, the balance tilts on the Chinese side with India running a $29 billion deficit. ...
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Stock futures drop on Japan volatility China data
surge in bond yields in that country, mirroring action seen in the U.S. a day prior on worries the Federal Reserve could begin tapering its bond buys in the coming months. The Bank of Japan announced a fund-supplying operated in reaction to recent turbulence in the bond market. European stock markets were also setting up for heavy losses after U.S. stocks slid on reaction to testimony by Federal ...
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China HSBC PMI suggests continued near-term softness
The HSBC manufacturing PMI in May dropped below 50 and the details suggest continued weakness in the short run. The weakness in May appears to have been increasingly driven by domestic demand. On a positive note, export orders appear to be ...
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China PMI spooks Nikkei falls over 7 | Sensex down over 300 pts
TOKYO: The Osaka Securities Exchange on Thursday briefly suspended trade in Nikkei futures due to a steep drop as investors took profits following a recent sharp rally, after weak Chinese factory activity rattled ...
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Asian mkts sell off on Bernanke remarks China PMI
Asian markets on Thursday, sending stock prices down, the US dollar to three-year highs, and Japanese government bond yields to their highest in a year. Stock and bond markets took their cue from the drop in US equities and Treasuries after Bernanke's remarks at a Congressional hearing sparked worries of an earlier than expected reduction in US monetary stimulus. A weak manufacturing survey ...
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Early Survey Shows Contraction in Chinese Manufacturing
HONG KONG ...
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Nikkei dives 7.3 pct China worries spark worst rout in 2 years
TOKYO | Thu May 23, 2013 2:24am EDT TOKYO May 23 (Reuters) - The Nikkei share average plunged 7.3 percent on Thursday, its biggest one-day percentage drop in two years after weak Chinese factory data rattled investors, prompting them to take profits from a recent rally buoyed by massive Bank of Japan stimulus measures. The Nikkei ended 1,143.28 points lower at 14,483.98, a two-week ...
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Australia shares drop 2 pct to one-month low after flash China PMI
Thu May 23, 2013 2:20am EDT (Updates to close) SYDNEY May 23 (Reuters) - Australian shares fell 2.0 percent on Thursday, the worst daily loss in more than two months, after release of a weak manufacturing survey about China. Australian investors are particular sensitive to Chinese manufacturing data, as China is the biggest market for Australia's raw materials. The benchmark S&P/ASX 200 ...
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Seoul shares slide as Nikkei Chinese PMI spark fears
SEOUL | Thu May 23, 2013 2:09am EDT SEOUL May 23 (Reuters) - South Korean shares extended losses and ended down 1.24 percent on Thursday as a sharp slide in the Tokyo share market and weak Chinese factory activity data prompted investors to run for cover. The Korea Composite Stock Price Index finished down 1.24 percent at 1,969.19 points. (Reporting by Jungyoun Park; Editing by ...
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China money rates rebound on tax payments month-end
* Key 7-day money rate rises 18 bps to 4.21 pct * Dealers see continuing caution on lending By Chen Yixin and Adam Jourdan SHANGHAI, May 23 (Reuters) - China's key money rates rebounded on Thursday, shrugging off a net injection of funds from the People's Bank of China, as lenders remained cautious ahead of the month-end and scheduled corporate tax payments. The weighted average of the ...
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Philippines vows to defend territory against China
This undated handout photo released by the Philippine Government on May 23, 2013 shows an aerial view of BRP Sierra Madre, a 100-metre (328 foot) amphibious vessel built for the US in 1944 and acquired by the Filipino navy in 1976, grounded at Second Thomas Shoal in the Spratly Islands. The Philippines vowed Thursday to "defend what is ours" as part of a stand-off over a Chinese ...
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Asia stocks slide as China factory output slips
Recession in Europe, growth-robbing deflation in Japan and economic anemia in the U.S. have finally caught up with export-hooked China despite the government's attempts at bolstering consumption at ...
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China Manufacturing Contracts As New Orders Slump
health of the factory sector, fell to a seven-month low of 49.6 in May from 50.4 in April. Readings below 50 indicate contraction of the sector. Economists expected the index to remain unchanged from March's level. New orders decreased in May reversing April's gains, while the rate of decline in export orders slowed. Manufacturers shed jobs at a faster pace this month, the survey ...
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Grounded ship is PH’ last line of defense vs China
This undated handout photo released by the Philippine Government on May 23, 2013 shows an aerial view of BRP Sierra Madre, a 100-metre (328 foot) amphibious vessel built for the US in 1944 and acquired by the Filipino navy in 1976, grounded at Second Thomas Shoal in the Spratly Islands. A handful of marines living on a World War II-era ship that is grounded on a remote, tiny reef is the ...
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Chinas manufacturing slows to 7-month low HSBC
China's manufacturing activity fell into contraction for the first time since October, a preliminary survey from the HSBC showed.The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) for May fell to 49.6 in May, dropping under the boom-bust line of 50 for the first time since October, according to figures released by HSBC on Thursday.Qu Hongbin, chief economist of the HSBC ...
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Trilateral cooperation among China India and Nepal urged
Nepal's three former prime ministers have called for a trilateral cooperation among Nepal, China and India in order to hasten economic development in the region. In exclusive interviews with Xinhua recently, the three former prime ministers, Dr. Baburam Bhattarai, Puspa Kamal Dahal " Prachanda" and Madhav Kumar Nepal, underscored the importance of trilateral cooperation among the ...
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Ship overturns in E China killing 6
Six people have been confirmed dead since a ship they were aboard overturned on Wednesday afternoon in East China's Zhejiang Province, local authorities said Thursday. The accident happened around 6:30 pm on a river near Siduzhuang village in Yinzhou District, Ningbo City, when all 18 people on the ship fell into the river, according to the local government. The other 12 people have been ...
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Outlook for China’s Economy Worsens
The unexpected contraction in China's factory activity in May has heightened the risk of a further slowdown in the second quarter, after the world's second largest economy grew at its slowest pace in three years over January to March, said economists. ...
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Slaying China’s zombies and righting the economy
Recent signs show that the Chinese economy, which has maintained double-digit growth for three decades, is slowing down. China recorded its last double-digit growth in 2010. But since then, the annual growth rate has fallen roughly 20 percent (from 10 to 8 percent per annum). The GDP data for the first quarter of 2013, if anything, have raised fresh worries. Instead of expanding at the expected ...
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Nikkei slumps 3.7 pct on weak China data 10-yr JGB prices turn higher
Reset TOKYO (May 23): Japan's Nikkei stock average tumbled 3.7 percent on Thursday, in a dramatic turnaround from a 5-1/2-year high hit in morning trade and was on track for its biggest daily drop in two years, as weak Chinese factory activity data rattled investors. The sharp turnover in the Japanese stock market prompted investors to seek safety in government bonds, with the ...
Shanghai Focus
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Shanghai looking ahead to future
Shanghai is the commercial capital of China and the most populous city in the People’s Republic, with origins as a small fishing village, the city has grown into a global city with fingers that stretch across the world, exerting global influence over international cultural, commercial and political scenes. With major projects and programs underway, the future looks bright for Shanghai.
It was recently reported by international, Chinese and Shanghai news media that China had eclipsed Japan as the second-largest economy in the world. China’s GDP and economic activity has surpassed that of Japan for many decades, but the announcement was made on the back of a range of factors including imports and exports and the human development index within major cities such as Shanghai. Read more
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