Latest China News
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Chinese meat blockade lifted
File photo / Thinkstock China's freeze on New Zealand meat imports is over says Primary Industries Minister Nathan Guy. "A resolution has been agreed which should see authorities clearing New Zealand meat exports to China from next week" Mr Guy said in a statement. "Chinese authorities have agreed they will begin releasing consignments under the name of the New ...
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HSBC China profit up in 2012
(18 mins ago) HSBC (China) recorded a 11.7-percent growth in net profit to 3.62 billion yuan. Operating income rose 10.5 percent from a year ago to 8.99 billion yuan, with pre-tax profit up 8.6 percent to 4.48 billion ...
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Quake prompts growth in NGOs
A month ago, Li borrowed the car of a fellow volunteer and drove to Shuping to check the walnut trees that well-wishers had donated to the isolated spot. After a 60-minute drive from Mianyang, Li finally arrived at the village, where Fu, 45, was waiting for him. A further hour on the motorbike saw the two men arrive at Fu's house. The distance is only 5 km, but the local geography and the ...
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First China manufacturing shrinkage in 7 months HSBC
BEIJING (AFP) - Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest economy.The banking giant's preliminary purchasing managers' index (PMI) fell to 49.6 this month from a final 50.4 in April, putting it below the 50 mark that indicates contraction. A ...
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$A lower after China data Fed comments
Disappointing Chinese manufacturing figures and comments from the US central bank boss have sent the Australian dollar to a fresh one-year low.The local unit went as low as 96.28 US cents on Thursday morning, its weakest level since June 2012.At 1200 AEST, it was trading at 96.40 US cents, down from 97.82 cents on Wednesday.Recent speculation that the Federal Reserve was considering winding back ...
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Asia stocks down as China factory output slips
BANGKOK -; Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 2 economy is ...
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Survey shows China manufacturing contracting
HSBC economist Hongbin Qu in a statement, "The cooling manufacturing activities in May reflected slower domestic demand and ongoing external headwinds." He said that showed a possible "downside risk to China's fragile growth recovery" while signs of weakness in the labor market "call for more policy support" from the ...
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China strengthens Zimbabwe ties with vice-presidential visit
The Chinese official arrived in Zimbabwe on Tuesday on an official visit to boost business and bilateral relations between Harare and Beijing. He was welcomed at the Harare International Airport by Vice President Joice Mujuru, Defence Minister Emmerson Mnangagwa and Minister of State in the Vice President’s Office Sylvester Nguni. Speaking to journalists soon after arrival, the Chinese ...
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Hong Kong Bans Poultry Imports From Catalonia Spain
has banned the import of poultry and poultry products , including eggs, from the province of Catalonia, Spain, in view of the World Organization for Animal Health's notification regarding an outbreak of low-pathogenic H7N1 avian influenza on a poultry farm in the province.A CFS spokesman said about 4,600 metric tons of frozen poultry meat were imported into Hong Kong from Spain last ...
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China Solar Talks With Europe Go Dark
Solar panel arrays. Most of these are made in China. Not if Europe can help it. (Photo credit: Wikipedia) The Chinese solar panel industry isn't having any luck with the European Union, which has slapped high tariffs on Chinese made photovoltaics. China and the E.U. agreed to discuss alleged dumping by China into Europe, undercutting local solar panel producers. The talks were held ...
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Gold price opens lower in Hong Kong
/enpproperty--> HONG KONG - The gold price in Hong Kong went down HK$180 to open at HK$12,720 per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to $1,375.96 a troy ounce, down $19.47 at the latest exchange rate of $1 against ...
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Injured baby finless porpoise dies in E China
A baby porpoise struggles at a water science research center in East China's Jiangxi province, May 22. The porpoise, only a few days old, was found by Jiujiang River on Tuesday evening, with injuries to its fin and abdomen. The porpoise died Wednesday after medical efforts ...
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China yuan weakens to 6.1947 against USD
The Chinese currency Renminbi, or yuan, weakened 43 basis points to 6.1947 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading ...
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Thunderstorm slams S. Chinas Zhuhai
A powerful thunderstorm hit Zhuhai City, south China's Guangdong Province on May 22, 2013, discharging many cloud-to-ground lightening strikes and triggering waterlogging in urban areas. ...
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Morning storm wreaks havoc in Hong Kong
More than 18,000 lightning strikes were reported over Hong Kong and as much as 200mm of rain swamped parts of the city, as the government raised its first black ...
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China losing luster for Japan makers
With labour costs surging in China and domestic production recovering competitiveness thanks to the weaker yen, many Japanese manufacturers have been prompted to review their production in China. Japan Display Inc., the world's largest maker of small and midsize liquid crystal displays, reportedly plans to relocate part of its production in China to Japan. Other domestic manufacturing ...
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Suu Kyi tells China to deal with Thein Sein on dam issue
Myanmar's opposition leader Aung San Suu Kyi told China to deal directly with the government if they wish to resume the controversial Myitsone project. Suu Kyi, chairperson of the National League for Democracy (NLD) and Lower House MP, conveyed the message during a meeting with the media held in Parliament in Nay Pyi Taw yesterday. Eleven Media Group reporters asked Suu Kyi about her ...
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Special envoy from N. Korea arrives in China
China underlined its commitment to the denuclearisation of the Korean Peninsula as Beijing received one of Pyongyang's top military officials on Wednesday as a special envoy from top leader Kim Jong-un. Choe Ryong-hae, director of the General Political Bureau of the Korean People's Army and member of the Presidium of the Political Bureau of the Workers' Party of Korea Central ...
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METALS-Copper slides more than 2 pct as China factory data disappoints
* HSBC China flash PMI falls to 7-mth low of 49.6 * Worries of early end to bond buying also hurt sentiment * Coming Up; Euro zone Markit Manufacturing Flash PMI at 0758 GMT By Melanie Burton SINGAPORE, May 23 (Reuters) - London copper fell more than 2 percent on Thursday after a preliminary survey showed China's factory sector contracted in May, hitting sentiment already soured by concerns ...
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Brent slips below $102 on weak China data strong dollar
Wed May 22, 2013 11:19pm EDT * Weak PMI casts doubt on China's recovery, oil demand * Dollar at 3-year high, QE3 uncertainties also weigh * Coming Up: Euro zone PMI; 0758 GMT By Ramya Venugopal CHENNAI, India, May 23 (Reuters) - Brent crude futures slipped below $102 per barrel on Thursday as fresh data from China cast doubt on the strength of recovery in the world's second-biggest oil ...
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Guangzhou into last eight
(59 mins ago) Chinese giants Guangzhou Evergrande marched into the AFC Champions League quarter-finals and underlined their strong title credentials with a convincing 3-0 win over Central Coast Mariners yesterday. Goals from Muriqui, Dario Conca and Gao Lin took Marcello Lippi's team through with room to spare, as Japan's Kashiwa Reysol also swept into the last eight with a 5-2 ...
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Guangzhou into last eight
(59 mins ago) Chinese giants Guangzhou Evergrande marched into the AFC Champions League quarter-finals and underlined their strong title credentials with a convincing 3-0 win over Central Coast Mariners yesterday. Goals from Muriqui, Dario Conca and Gao Lin took Marcello Lippi's team through with room to spare, as Japan's Kashiwa Reysol also swept into the last eight with a 5-2 ...
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China HSBC flash PMI hits seven-month low fans growth fears
The flash HSBC Purchasing Managers' Index (PMI) for May fell to 49.6, slipping under the 50-point level demarcating expansion from contraction for the first since October. The final HSBC PMI stood at 50.4 in ...
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China eases forex rules in special economic zones
SHANGHAI (Reuters) - China's foreign exchange regulator said on Wednesday that it will simplify regulation of foreign currency transactions for companies operating in China's special economic zones, as Beijing moves to liberalise the yuan. ...
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Hong Kong stocks open 0.81 lower
HONG Kong stocks have opened 0.81 per cent lower, reflecting falls on Wall Street after the US Federal Reserve hinted it could soon start to ease its policy of aggressive stimulus ...
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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