Latest China News
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China May Home Prices Jump
China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing inflation. Average new home prices in 70 major Chinese cities in May rose 6 percent from a year earlier, after a two-year high ...
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Bolton to Retire After Poor China Returns
Renowned investor, Anthony Bolton is set to retire from Fidelity next year after three decades working in the fund management industry, ending his career with what he described as "disappointing" returns for investors after his bullish views on China failed to pan out. Bolton, who managed a U.K. based special situations fund for 28 years consistently outperformed the benchmark until ...
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I am not a spy for China insists Snowden
A TV screen shows the news of Edward Snowden, former CIA employee who leaked top-secret documents about sweeping U.S. surveillance programs, at a restaurant in Hong Kong Wednesday, June 12, 2013. Snowden has declared that the American government will not be able to cover up his revelations about its vast data-collection programme ';by jailing or murdering ...
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UPDATE 1-Chinas May coal imports fall from April on policy uncertainty
Tue Jun 18, 2013 1:09am EDT * May coal imports up 5.6 pct on year, down 3.9 pct on month * Narrowing price arbitrage for imports curbs import appetite * Traders stay on sidelines on policy uncertainty (Adds context for monthly fall in imports) SHANGHAI, June 18 (Reuters) - China's coal imports, including lignite, fell 3.9 percent in May from a month ago as worries over import policies, ...
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HK pours US$30b into China in first five months
(1 hr 3 mins ago) Foreign direct investment into China grew during the first five months of this year, the government said. There were strong increases of inflows from the European Union and United States. Incoming FDI, which excludes financial sectors, was up 1 percent to US$47.6 billion from January through May, the Commerce Ministry announced today. It was also up 0.3 percent in May to ...
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Hong Kong shares slip in weak trade cash shortage pinches China markets
Tue Jun 18, 2013 1:05am EDT * HSI -0.6 pct, H-shares -0.9 pct, CSI300 +0.3 pct * 'Big Four' China banks lackluster despite higher state stakes * Losses for China property deepen after home-price data * GCL-Poly, Shenzhou Intl tumble after share deals By Clement Tan HONG KONG, June 18 (Reuters) - Hong Kong shares slipped after two days of gains with investors selling recent outperformers ...
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China warned on cyber-hacking Obama
US President Barack Obama says China has understood his "blunt" warnings against cyber-hacking as he credited new leader Xi Jinping with accepting more global responsibility for ...
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China money rates stay high ignore small PBOC injection
* Market is worried over near-term liquidity supply * Benchmark 7-day repo rate slips but still at 6.79 pct * PBOC lets maturing bills, repos to inject money slightly * Refusal to pump money into market signals confidence By Lu Jianxin and Gabriel Wildau SHANGHAI, June 18 (Reuters) - China's short-term funding costs remained at very high levels on Tuesday as the market ignored a small cash ...
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China local government falsifies data report
HONG KONG (MarketWatch) -- The local government of a town in southern China has falsified economic data, nearly quadrupling the industrial output of 71 local firms, according to a Chinese media report. The falsified data came to light following an investigation by the National Bureau of Statistics, according to a Caixin Online translated version of an original report in the China Business News ...
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Strong yy rise in China housing prices
- (CN) CHINA MAY CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 0.3% V 1.5% PRIOR - (CN) CHINA MAY ACTUAL FOREIGN DIRECT INVESTMENT (FDI) Y/Y: 0.3% V 0.4% ...
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Snowden defends leaks denies spying for China
Edward Snowden, the National Security Agency leaker, defended his disclosure of top-secret U.S. spying programs in an online chat Monday with The Guardian newspaper and attacked U.S. officials for calling him a traitor. ';The U.S. government is not going to be able to cover ...
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Obama draws distinction between Chinas purported hacking and standard fare spying
WASHINGTON - President Barack Obama is drawing a distinction between China's alleged intellectual property theft and what he calls "standard fare" spying on other countries. Obama says every country engages in intelligence gathering, which he called an occasional source of tension. But the president says there's a big difference between China trying to find out what ...
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China Jan-May FDI edges up 1.03 year on year
Alliance should not have rough edges and indicated that his party would remain in the coalition only if BJP selected a leader with secular credentials as its prime ministerial face, said ...
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China Announces Its Full Support of Palestinian Move Date 2482011 Time 2334
China Announces Its Full Support of Palestinian Move Date : 24/8/2011 Time : 23:34 Palestine-China, Politics, 8/26/2011 The Chinese Middle East envoy to the peace process, Wu Sike, transferred on Wednesday a message from the Chinese leadership confirming China's full support for the Palestinian UN bid in a meeting with Presidential General Secretary, Tayyeb Abdul Rahim, in the ...
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Ambow setback teaches Baring a lesson in China investing
By Matthew Miller and Stephen Aldred June 18 | Tue Jun 18, 2013 12:45am EDT June 18 (Reuters) - Baring Asia Private Equity, with $5 billion in assets under management, has a reputation as one of the savviest investors in China. But the Hong Kong-based firm is now sitting on an $43 million paper loss from a $57 million investment in New York Stock Exchange-listed Ambow Education ...
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Chinese mainland to send 3 red pandas to Taiwan
The Chinese mainland will send three red pandas to Taiwan for the first time. Officials from the coastal province of Fujian made the announcement on Sunday. Red pandas are also known as lesser pandas, and resemble racoons. Three red pandas have been chosen from a research center in the provincial capital Fuzhou. Two are female. Officials hope this move can help the species breed in Taiwan. The ...
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This Worries Us Most About China Says World Bank
Financial instability in China, stemming from its vast shadow banking sector, is a lurking threat for the world's second largest economy, according to Hans Timmer, director of the Development Prospects Group at the World Bank."[China has] a shadow banking sector where nobody knows who is on the hook for all kinds of loans; [it] has 160 percent of GDP [gross domestic product] of private ...
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End in Sight for China Equity Downtrend
China remains one of Asia's worst-performing stock markets this year, but there are reasons to believe the prevailing downtrend for the long-time laggard may be coming to an end. In broad terms, the ...
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Beckham back in Beijing
The Chinese soccer team's 5-1 defeat to Thailand on Saturday may have broken fans' hearts but the reappearance of David Beckham in Beijing probably eased some of the pain. Hot on the heels of the drubbing, Beckham, who took the role of Chinese soccer's global ambassador in March, visited the capital again on ...
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Beijing was told bluntly about cyber hacking risks says Obama
(57 mins ago) US President Barack Obama said China has understood his ';very blunt'' message that cyber-hacking against the United States will lead to a deterioration of relations between the two powers. ';We've had very blunt conversations about this. They understand, I think, that this can adversely affect the fundamentals of the US-China relationship,'' ...
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Seeking larger role in region of key importance to economy China hosts Mideast peace forum
BEIJING, China - China is hosting a Mideast peace forum backing a two-state solution to the Israeli-Palestinian conflict as part of its quest for greater diplomatic influence in a region of growing importance to its economy. Participants in the two-day meeting that began on Tuesday include U.N. officials, diplomats, academics, and present and former members of the Palestinian and Israeli ...
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Chinas May coal imports climb 5.6 pct on yr - industry website
SHANGHAI, June 18 | Mon Jun 17, 2013 11:56pm EDT SHANGHAI, June 18 (Reuters) - China's total coal imports, including lignite, rose 5.6 percent in May from a year ago to 27.57 million tonnes, industry website China Coal Transport and Distribution Association showed. However, coal arrivals in May were down 3.9 percent from the 26.45 million tonnes imported in April, the data ...
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China May Leading Index Signals Weaker Economic Growth Ahead
A leading indicator of Chinese economic activity rose marginally in May and at a slower pace than a month earlier, suggesting more sluggish growth for the ...
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Mitsubishi Motors to recall 9478 faulty vehicles in China
(MENAFN) China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) stated that Mitsubishi Motors plans on recalling 9,478 vehicles in China due to a potential safety hazard in the sunroof, reported Xinhua News.China's consumer quality watchdog also said that the problem was related to the installing of the sunroofs causing a possibility of the glass panel ...
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Chinese economic and trade fair deals reach USD25b
(MENAFN) The local Chinese commerce department said that the China Harbin International Economic and Trade Fair surpassed expectations by 181 investment and trade deals valued at USD24.8 billion, reported Xinhua News.The commerce department official records show that the exhibition drew 9,335 traders and buyers from all over the world covering various businesses including new materials, biology, ...
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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