Latest China News
RSS-
Industrial Metals Tumble After Soft Chinese Data Gold Up As Equities Slide
A soft Chinese report that portends contraction in the manufacturing sector prompted big moves in opposite directions for many of the metals Thursday - with industrially oriented commodities like copper taking it on the chin but gold getting a bid on safe-haven demand, analysts said. HSBC's flash Purchasing Managers Index for China fell to 49.6 in May from 50.4 in April. Readings under 50 ...
-
No H7N9 virus found in poultry farms in China
/enpproperty--> BEIJING - The H7N9 bird flu virus has not been detected in poultry farms, with positive samples mainly coming from live poultry markets, China's Ministry of Agriculture (MOA) said Thursday. The MOA said it has "basically" finished collecting and testing 899,758 samples from across most parts of the country. Of the total, 53 samples were found positive with ...
-
U.K.s Cameron to China India Were open for business
Prime Minister David Cameron says openness to foreign investment is competitive advantage for Britain (and Ratan Tata is always welcome at Downing ...
More China News
RSS-
Futures Movers Oil at three-week low on weak China data
SAN FRANCISCO (MarketWatch) -- Oil futures headed lower for a third session in a row on Thursday, as weak Chinese manufacturing data dulled prospects for energy demand and set prices up for their lowest close in three ...
-
U.S. stocks sink at the open on Fed China fears
NEW YORK (MarketWatch) -- U.S. stocks opened with steep losses on Thursday, as fears over a tapering of the Federal Reserve's bond-buying program and weak Chinese economic data sent investors fleeing from stocks. Japanese equities plunged overnight, with the Nikkei Stock ...
-
Fresh signs of Chinas economy fragility
Factory activity there shrank for the first time in seven months in May. The initial reading of surveys of manufacturers puts the blame on a fall in new orders. That has economists worried that the country’s recovery is stalling. The soft data is a problem for China’s top politicians, who are trying to manage the economy in such a way that there is an orderly slowdown. They also ...
-
Exclusive China urbanization plan hits roadblock over spending fears - sources
China's plan to spend $6.5 trillion on urbanization to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending binge could push up local debt levels and inflate a property bubble. Premier Li Keqiang has rejected an urbanization proposal drafted by the National Development and Reform Commission (NDRC), seeking changes to put more ...
-
Sprint to give US government say on board remove Chinese hardware
In a move to get approval of its acquisition of Sprint Nextel Corp., executives of Japanese telecom company SoftBank have agreed to give the US government veto power over the choice for Sprint's director responsible for oversight of national security issues, ...
-
Eon Electric to take on Chinese mobile battery mkt
Fifteen touch-screen smartphones to consider below Rs 15,000 Within the huge list, we take a look at fifteen touch-screen smartphones that have been ...
-
Wall Street drops on stimulus plan unease China data
US stocks dropped on Thursday, with the S&P 500 on pace for its first back-to-back daily drop in a month amid investor concerns the U.S. Federal Reserve's stimulus may be scaled back sooner than hoped and after weak data in China. The S&P 500 had posted its biggest decline in three weeks on Wednesday after minutes from the latest ...
-
Asian European Stocks Plunge on Weak Chinese Factory Data
Japan's Nikkei stock index tumbled 7.3 percent after release of the report showing Chinese factory production dropped in May for the first time in seven months. It was the biggest one-day loss since Japan's March 2011 tsunami and nuclear disaster. Stocks in London, Paris and Frankfurt followed suit, dropping about 2 percent. U.S. future indexes fell ahead of the opening of ...
-
N. Korea wants peace envoy tells China official
BEIJING (AFP) - A special envoy from North Korean leader Kim Jong-Un told one of China's top officials Thursday that Pyongyang wants peace and is willing to pursue dialogue with key countries, state media reported.Envoy Choe Ryong-Hae met Liu Yunshan, a member of the Chinese Communist Party's highest ranking body the Politburo Standing Committee, state television reported on its ...
-
Loonie heads higher despite disappointing Chinese factory data
The Canadian dollar headed higher Thursday despite weaker-than-expected manufacturing data from China.The loonie was ahead 0.21 of a cent to 96.62 cents (U.S.).HSBC reported that its preliminary Purchasing Managers Index fell to a seven-month low of 49.6 in May from April's 50.4. Numbers below 50 indicate that activity is contracting. Analysts had expected a more modest decline to ...
-
Not just state-sponsored China’s hacking culture thrives in corporate criminal worlds
People walk past 'Unit 61398', a secretive Chinese military unit, in the outskirts of Shanghai, Feb. 19, 2013. The unit is believed to be behind a series of hacking attacks, a U.S. computer security company said, prompting a strong denial by China and accusations that it was in fact the victim of U.S. hacking. (Carlos ...
-
China Gives and China Taketh Away
report of the Commission on the Theft of American Intellectual Property asserting China is responsible for up to 80 percent of the $300 billion theft of intellectual property from companies in the Untied States and other advanced economies. The keynote speaker at the CSIS conference was China's Ambassador to Washington Cui Tiankai. The ambassador already has established a reputation for ...
-
Boeing 787s entry to China cleared
The Civil Aviation Administration of China (CAAC) issued a certification for the Boeing 787 Dreamliner Thursday, a milestone for the 787 to begin commercial service in China.The CAAC presented Boeing with a Validation of Type Certification (VTC), indicating that the design of the 787 Dreamliner is compliant with China's aviation regulations and that China endorses the original type ...
-
UPDATE 6-Oil hits three-week low near $101 on China Fed
Thu May 23, 2013 9:56am EDT * Chinese factory activity shrinks, raising demand doubts * Dollar supported by speculation of stimulus scale back * Euro zone business downturn eases in May-PMI * U.S. gasoline stocks buoyant ahead of driving season (Updates with three-week low) By Alex Lawler LONDON, May 23 (Reuters) - Oil fell to a three-week low near $101 a barrel on Thursday in a broader ...
-
In China No Monetary Stimulus Weakening Economy
Down it goes Investors have learned two things since 2008; don't fight the Fed is one of them. The other is to invest in stimulus. Big stimulus. None of this tax break stuff to one or two sectors. We are talking bazillions thrown at the entire economy coupled with market friendly monetary policy. China has done nothing of the sort since 2010. And as a result, the market has shunned ...
-
Chinas Favorite U.S. States In 2012
Who would have known it? China is buying Made in the U.S.A. Many sectors and states from across the country are selling more to China these days. In fact, between 2003 and 2012 total exports to China rose 294%, an increase of nearly $81 billion. Forty-two states have achieved triple-digit export growth to China since 2003, and four states experienced quadruple-digit growth over the same period ...
-
Beijing authorities on the alert for floods
/enpproperty--> Waterproof walls will be set up outside pits for the construction of new subway lines as authorities in Beijing brace for a possible repetition of last year's floods that killed 77 people. In a regulation issued on Thursday, the Beijing Municipal Commission of Housing and Urban-Rural Development ordered that all the 307 construction pits must have waterproof walls to ...
-
Guangzhou oysters contaminated by cadmium
/enpproperty--> Oyster fans might want to reduce their consumption of the mollusks as test results in Guangzhou showed they contained excessive amounts of cadmium and other heavy metals. Following a scandal of cadmium-tainted rice in the southern province, China Central Television reported that 1 kilogram of oysters sold at a Guangzhou restaurant, famous for grilled oysters, contained 2 mg ...
-
HSBC China’s net profit up 8.6 in 2012
/enpproperty--> HSBC Bank (China)'s net profit increased 8.6 percent year-on-year in 2012 to 4.48 billion yuan ($723.57 million), according to the lender's financial report released on Wednesday. By the end of 2012, the total value of loans of HSBC Bank (China) reached 131.9 billion yuan, up 18.6 percent year-on-year, while the total value of deposits was at 182.3 billion yuan, up ...
-
Civil aviation industry sees 100 b yuan revenue
/enpproperty--> The Chinese government released on May 23 the first long-term State-level development plan of the civil aviation industry. The operating revenue of the Chinese civil aviation industry will exceed 100 billion yuan ($16.3 billion) by 2020, and China-made aircraft will comprise over 5 percent of the newly increased market share in China by then, according to the plan, released ...
-
DPRK willing to accept Chinas advice
/enpproperty--> BEIJING - The Democratic People's Republic of Korea (DPRK) has agreed to accept China's advice by participating in dialogue with relevant parties, after senior Chinese leader Liu Yunshan met with a DPRK special envoy. Liu, a member of the Standing Committee of the Political Bureau of the Chinese Communist Party (CPC) Central Committee, met in the Great Hall of the ...
-
Willing to take Chinas advice to start talks North Korea says
BEIJING: North Korea is willing to take China's advice and enter into talks, Chinese state television cited an envoy of North Korean leader Kim Jong-un as saying, following weeks of tension on the Korean peninsula after the North's latest nuclear test. However, that prospect seems unlikely as North Korea has repeatedly said it will not abandon nuclear weapons while the United States ...
Shanghai Focus
-
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
News from around our Network
