Latest China News
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China factory output sinks to nine-month low
(50 mins ago) China's manufacturing activity shrank again in June, according to the readings of an index, which hit a nine-month low. The preliminary purchasing managers' index compiled by HSBC came in at 48.3, worse than May's final reading of 49.2 and its lowest since September. A reading below 50 indicates contraction, while anything above signals expansion. The index ...
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Asia Markets Asia stocks take double hit from Fed China data
HONG KONG (MarketWatch) -- Asian stocks fell Thursday as data showed Chinese manufacturing activity deteriorating further in June, adding to the selling pressure after the Federal Reserve signaled it may wind down its bond purchases if the U.S. economy continued to ...
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Lawmaker university spar over control of Chinese dissident in U.S.
WASHINGTON (Reuters) - A U.S. congressman who has been blind Chinese dissident Chen Guangcheng's main champion in Washington said people working for New York University have tried to keep him from meeting Chen, barging into a meeting on Capitol Hill and pulling Chen out on one ...
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China jails 11 for inciting extremism related crimes in Muslim region before riot anniversary
BEIJING, China - Chinese courts have sentenced 11 people for inciting religious extremism and related crimes in the northwestern Muslim region of Xinjiang, just weeks ahead of the anniversary of bloody ethnic rioting that spread through the region four years ago. The Justice Ministry's official newspaper Legal Daily said Thursday that Aihetaimu Heli was given the harshest sentence of six ...
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Chinas money rates hit record PBOC squares off with market players
* PBOC refuses to use reverse repos to inject money * No easing despite signs of economic slowdown * C.bank aims to force institutions to de-leverage - traders * Panic prevails among some small institutions - traders * But conditions expected to improve from mid-July By Lu Jianxin and Gabriel Wildau SHANGHAI, June 20 (Reuters) - China's interbank funding costs surged again on Thursday, with ...
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Hong Kong shares sink to 9-month low as Fed weak China flash PMI weigh
HONG KONG, June 20 | Wed Jun 19, 2013 11:35pm EDT HONG KONG, June 20 (Reuters) - Hong Kong shares extended losses to a nine-month low on Thursday, with defensive counters sliding after the U.S. Federal Reserve signalled a tapering of stimulus and cyclicals hurt by a weak China factory activity. At 0330 GMT, the Hang Seng Index was down 2.5 percent at 20,443.8 points, breaking below ...
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Putin to meet with Dutch premier deputy Chinese premier on sidelines of Petersburg economic forum
MOSCOW, June 20 (Itar-Tass) - Russian President Vladimir Putin will take part in the Petersburg International Economic Forum. On Thursday afternoon, he will hold talks with Dutch Prime Minister Mark Rutte who will stay as an honorary guest of the forum, presidential aide Yuri Ushakov said. The president then plans a brief meeting with Chinese Vice Premier Zhang Gaoli. Putin will attend the ...
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Gold price closes lower in Hong Kong on June 19
The gold price in Hong Kong moved down 100 HK dollars to close at 12,750 HK dollars per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society.The price is equivalent to 1,379.20 US dollars a troy ounce, down 10.82 US dollars at the latest exchange rate of 1 US dollar against 7.76 HK ...
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China Russia face sanctions in wake of US world human trafficking report
US Secretary of State John Kerry speaks during an event releasing the Annual Trafficking in Persons Report (TIP) Report at the State Department in Washington, DC, June 19, 2013. The United States on Wednesday downgraded China, Russia and Uzbekistan to the bottom of a US table for failing to make greater efforts to combat human trafficking, a move that may spark sanctions. (Saul Loeb/AFP/Getty ...
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Hong Kong warns of vitamin C knock-off
Hong Kong health authorities have issued a warning that a popular medicine on the mainland may contain ingredients that do not match what is listed on the bottle. In an announcement on Tuesday, the Hong Kong Department of Health said it suspects the product may have caused a woman to suffer a breakdown of muscle fibers. According to the department, the suspicious product's label shows ...
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Chinese woman killed in robbery in S Africa
/enpproperty--> Two suspects were arrested on Tuesdayfor allegedly killing and robbing a Chinese female national in Kokstad, South Africa, according to Xinhua. The 24-year-old Chinese shopkeeper was robbed and stabbed bythree men while she was at work in Ibisi, Kokstad on June 17. The men fled with a computer monitor, cigarettes and airplane vouchers. After a two-day manhunt by police, ...
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Daimler creates China sales unit at Stuttgart HQ
German automobile giant Daimler AG, which owns the Mercedes-Benz car brand, has established a special sales unit in its Stuttgart headquarters dedicated to growing vehicle sales in China, amid a slowdown in China's luxury car ...
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Shanghai GM to build Cadillac plant in China
Shanghai General Motors Co. will build a Cadillac plant and a pan-Asia technical automotive center in Shanghai, sources with the company said at a groundbreaking ceremony held for the plant on ...
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Egg carving handicrafts made by Chinese villager
Photo taken on June 19, 2013 shows egg carving handicrafts made by Pu Derong, a man from Dongzhuangtou Village in Zhuozhou City, north China's Hebei Province. Pu, who started egg carving in 1995, have won several awards in various contests and exhibitions. (Xinhua/Wang ...
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Alpine azalea flowers seen near Segrila Mountain in Nyingchi Chinas Tibet
Photo taken on June 19, 2013 shows alpine azalea flowers near the Segrila Mountain in Nyingchi, southwest China's Tibet Autonomous Region. Alpine azalea flowers grown at an altitude between 2,500 meters and 4,000 meters have been in full bloom recently. (Xinhua/Wen ...
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Negative Chinese manufacturing data rattles markets hurts Australian dollar
China A slide in a key Chinese manufacturing index has dented the Australian share market and local currency, by fuelling concerns that Australia's biggest export market is slowing.HSBC's monthly Purchasing Managers Index (PMI) for manufacturing fell from 49.2 in May to 48.3 in June, which is a nine-month low.Output also dropped, from 50.7 to 48.8 last month, which is an eight-month ...
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Polluting to death China introduces execution for environmental offenders
Politics China has introduced "harsher punishments" for breaking the nation's environmental protection laws: reckless violators of pollution standards in the world's biggest and fastest-growing economy now face execution. A new judicial interpretation taking effect on Wednesday has tightened Chinese "lax and superficial" enforcement of environmental protection ...
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$A dives after Fed comments Chinese data
The Australian dollar has fallen to a two-and-a-half-year low after the US central bank said it could soon start scaling back its economic stimulus and following weak Chinese manufacturing data. At 1200 AEST on Thursday, the local unit was trading at 92.62 US cents, down from 94.92 cents on Wednesday. Early on Thursday morning, AEST, US Federal Reserve chairman Ben Bernanke said that if the ...
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Economic Report China factory activity slowing further in June
LOS ANGELES (MarketWatch) -- China's manufacturing sector was slowing further in June, according to HSBC's preliminary results from its monthly survey, released ...
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Nikkei falls as weak China data prospect of less Fed stimulus chill sentiment
* Nikkei down 1.1 pct, Topix off 0.9 pct as Fed comments hurt sentiment * China's weak factory data drags down China-related manufacturers * Real estate shares battered * GS Yuasa soars on battery JV with Bosch By Ayai Tomisawa TOKYO, June 20 (Reuters) - Japan's Nikkei share average fell on Thursday morning, as weak China factory activity data further unsettled markets coming to grips ...
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China manufacturing shrinks
A SURVEY shows manufacturing in China contracted this month on weakening demand, adding to fears about the strength of the recovery in the world's second-biggest economy. HSBC on Thursday said the preliminary version of its monthly purchasing managers index fell to a nine-month low of 48.3 in June. That's down from 49.6 in May. Numbers below 50 indicate a contraction. June factory output ...
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China overnight repo rate surpasses 13 pct highest on record
SHANGHAI, June 20 | Wed Jun 19, 2013 11:09pm EDT SHANGHAI, June 20 (Reuters) - A key interbank lending rate in China's money market reached its highest level in at least 10 years on Thursday. The weighted-average one-day bond repurchase rate reached 13.1 percent On Thursday morning, the highest level since Reuters' historical data series began. A severe liquidity squeeze has ...
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Chinese Character Goat Sheep
In Chinese, the same character ? (yng) is used to refer to both the sheep and the goat. The character is a pictogram that depicts the head of the animal, with its two horns at the top as a dominant feature. The horizontal stroke below the horns depicts the ears, while the rest of the character represents the face. In traditional Chinese culture, ? (yng) is considered a symbol of auspiciousness, ...
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China The Dark Side of Growth
Emerging from the ranks of one of the world's poorest nations to second only to the United States, China is destined for a place in history books. But history may also record the heavy price paid by Chinese people and will continue to pay for years to come. China's steady rise against the backdrop of a sluggish global economy has emboldened Chinese leaders to claim firm confidence in ...
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Chinese Idiom A Wild Goose Carries a Message From Afar
A Canada goose flies under a clear blue sky. In traditional Chinese culture, the wild goose symbolizes a letter or an exchange of correspondence due to its use by the ancient Chinese to carry messages over long distances. (Janet ...
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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