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Top North Korean official visits China

Wed, 22 May 2013 15:56:15 -0400

PYONGYANG, North Korea - In an indication that North Korea may give diplomacy a chance to end regional tension, its leader Kim Jong Un Wednesday sent a special envoy to China to win the confidence of its most important ally. The trip by Vice Marshal Choe Ryong Hae, a senior Workers' Party official and the military's top political officer, comes after months of ignoring Chinese warnings to give ...

Chinese artist Ai Weiwei rages against state abuses in Dumbass song

Thu, 23 May 2013 07:10:02 -0400

Chinese artist and dissident Ai Weiwei has released an expletive-ridden heavy metal music video criticising abuses of state power in China. The track, given the English-language title 'Dumbass', reconstructs his 81-day detention in 2011, including what he says is an exact model of his cell, reports BBC News. The video shows impassive prison guards accompanying Ai as he eats, sleeps, showers and ...

China central bank switches to liquidity injection

Thu, 23 May 2013 06:50:02 -0400

The People's Bank of China (PBOC), the country's central bank, swung back to liquidity injection this week with 128 billion yuan ($20.9 billion) being pumped into the banking system through its regular open market operations. The PBOC move marked a turn-around in the central bank's open market operations last week when it drained 35 billion yuan from banks in the open market after hedging the ...

China hasnt used Pakistan against India Daily

Thu, 23 May 2013 06:40:01 -0400

China has played a positive role in the continuous easing of the relationship between India and Pakistan, said a state-run daily which added, "China has not played balancing strategy, using one country against the other." An article in the Global Times said that when Chinese Premier Li Keqiang and his entourage flew from India to Pakistan Wednesday for a two-day visit, his plane was escorted by ...

Kazakhstan defeat India in volleyball tourney

Thu, 23 May 2013 02:30:01 -0400

Kazakhstan defeated India 3-2 in the China International men's volleyball tournament here. Kazakhstan won 25-12, 23-25, 24-26, 25-20, 15-7 Wednesday, reports Xinhua. "Our team is so young that they didn't cooperate well and made mistakes, but I am satisfied with their performance," said Gilyazutdinov Rafael, assistant coach of Kazakhstan team. "Our setup was bad today and that is why we lost ...

Four debutants in Dutch squad for Indonesia China friendlies

Thu, 23 May 2013 02:20:01 -0400

Dutch football head coach Louis van Gaal has named four debutants in the squad for the friendlies in Indonesia and China in June. Heracles Almelo midfielder Lerin Duarte, Feyenoord leftback Miquel Nelom, Swansea City defender Dwight Tiendalli and FC Utrecht midfielder Jens Toornstra were included in the squad Wednesday, reports Xinhua. Ajax reserve goalkeeper Jasper Cillessen, who is yet to ...

13 people held for protesting mystery death in China

Thu, 23 May 2013 01:40:01 -0400

Thirteen people were arrested after taking part in a protest demanding transparency in the investigation of the mysterious death of a 22-year-old woman near a Beijing market, Chinese police said Wednesday. The circumstances surrounding her death, which authorities attribute to suicide but which the deceased's friends and family are calling a rape-murder, had hundreds of people demonstrating in ...

China to buy gas from Turkmenistan

Thu, 23 May 2013 01:10:01 -0400

China will import gas from the world's second largest gas reserve in the Central Asian republic of Turkmenistan. Kakageldy Abdullayev, CEO of Turkmenistan's national gas company Turkmengaz, said the Galkynysh field will be used to build up Turkmen gas exports to China. The field is expected to produce 25 billion cubic metres of natural gas per year for China, with Turkmenistan's total gas ...

Do-or-die for India women against Chinese Taipei

Wed, 22 May 2013 08:30:01 -0400

It will be a do-or-die match for Indian women's football team when they face Chinese Taipei in their next group D match of the AFC Women's Asian Cup (qualifiers) here Wednesday. The Indian team despite giving a good account of themselves against Myanmar in their opening game of the have their backs to wall after a 0-2 reversal. Against Chinese Taipei, who pumped in six goals against hosts ...

China welcomes sensible advice on Tibet

Wed, 22 May 2013 07:50:01 -0400

China welcomes "constructive and sensible advice" and suggestions on Tibet's development, Chinese Tibetologists said here. "There are many scholars studying Tibetan history and culture. We hope the scholars and political leaders from other countries, and all those who care about Tibet would participate in its development, and offer constructive, sensible, feasible advice," said Zhaluo, a scholar ...

China defeats Kazakhstan in mens volleyball tourney

Wed, 22 May 2013 06:50:02 -0400

Chinese national men's volleyball team defeated Kazakhstan 3-0 at the China International Men's Volleyball Tournament here. China beat Kazakhstan 25-20, 25-23, 25-16 with little difficulty Tuesday, reports Xinhua. "My team consists of young players who didn't completely obey my order, so I'm very angry," said Gilyazutdinov Rafael, the assistant coach of Kazakhstan. "Although we won the game, I ...

China to consolidate Pakistan ties Li

Wed, 22 May 2013 06:50:01 -0400

China would firmly consolidate and develop ties with Pakistan "no matter how the international and regional situation changes", said Chinese Premier Li Keqiang who arrived here Wednesday on an official visit to Pakistan. Li said that as he began his visit, he brought with him the Chinese people's friendship to the Pakistani people. Pakistan, a key South Asian country, has made important ...

Angelina Jolie’s Mastectomy Triggers Concerns in Shanghai

Thu, 23 May 2013 06:31:54 -0400

Actress Angelina Jolie, in her role as UN envoy, talks during a news conference regarding sexual violence against women in conflict, at the Foreign Ministers G8 meeting in Lancaster House on April 11, 2013 in London, England. Jolie's revelation on May 14 that she had undergone a double mastectomy in order to prevent cancer has spurred women in Shanghai, China to become much more interested ...

Hong Kong shares close down 2.54

Thu, 23 May 2013 06:29:42 -0400

Hong Kong shares have closed down 2.54 per cent after weak Chinese data and signs the US Federal Reserve could soon start tapering off stimulus measures.The benchmark Hang Seng Index on Thursday lost 591.4 points to 22,669.68 on turnover of $HK83.64 billion ($A11.17 billion).Chinese shares closed down more than one per cent after data showing manufacturing activity contracted in May for the first ...

Asian Stocks Tumble On Fed Talk China Growth Concerns

Thu, 23 May 2013 06:29:07 -0400

Asian stocks tumbled on Thursday after minutes of the Federal Reserve's April 30-May 1 meeting revealed "a number" of members favor tapering the central bank's $85-billion bond-buying program as early as the June meeting if the labor market continues to improve. Fed chief Ben Bernanke also hinted that an exit could be initiated in the "next few meetings" if the ...

Chinas manufacturing slows HSBC

Thu, 23 May 2013 06:26:52 -0400

Beijing, May 23 : China's manufacturing activity fell into contraction for the first time since October, a preliminary survey from the HSBC ...

New GM at Peninsula Beijing leads with care and efficiency

Thu, 23 May 2013 06:22:45 -0400

With a prominent background of working in top luxury hotels spanning across Asia, Joseph Sampermans, general manager of The Peninsula Beijing, has been sparing no efforts in leading his team to admirable achievements.Sampermans, a Dutch national and graduate of the Limburg Zuyd in the Netherlands with a bachelor's degree in finance, comes to the hotel with 20 years of experience in the ...

NZ farmers thank China for fixing trade blunder

Thu, 23 May 2013 06:19:46 -0400

/enpproperty--> WELLINGTON - The head of New Zealand's farming industry body on Thursday thanked Chinese authorities for helping to "untangle a bureaucratic morass" that had resulted in New Zealand meat exports being refused entry into China. Federated Farmers president and trade spokesperson Bruce Wills said the mistakes by New Zealand's export licensing authority, the ...

Dreamliner gets Chinese certification

Thu, 23 May 2013 06:19:45 -0400

/enpproperty--> Certification was granted to the Boeing 787 Dreamliner from the Civil Aviation Administration of China on Thursday, the US aircraft manufacturer said on its Chinese micro blog. "That means the 787 will be in China soon, very soon" said Marc Allen, president of Boeing China. Allen said earlier that both China Southern Airlines and Hainan Airlines will get Boeing 787s ...

Chinese courts to deploy more citizen jurors

Thu, 23 May 2013 06:19:42 -0400

/enpproperty--> BEIJING - Chinese courts are hoping to double the number of citizen jurors in the next two years, a senior judge said Thursday. The total number of citizen jurors, also known as people's jurors, will reach 200,000 in 2015, said Shen Deyong, executive vice president of the Supreme People's Court (SPC), at a meeting on the development of the people's juror system. ...

Large tungsten mine discovered in E China

Thu, 23 May 2013 06:19:40 -0400

/enpproperty--> NANCHANG - Geologists have discovered a large tungsten mine in East China's Jiangxi province, officials said Thursday. More than 1 million tonnes of tungsten and associated copper have been found at the mine in the Zhuxi mineral area of Fuliang county in the northeast part of the province, said Peng Zezhou, chief of the provincial geology and mineral resources exploration ...

Successful dive confirmed in South China Sea

Thu, 23 May 2013 06:19:40 -0400

/enpproperty--> The China Ocean Mineral Resources Research and Development Association said on Thursday that Qianlong No1 completed a successful dive of 4,159 meters in the South China Sea in May. The dive was a major boost to efforts to explore the ocean floor and carry out research. Qianlong No1 is 4.6 meters long and 1.6 meters wide, weighing about 1,500 kilograms. The submersible is ...

BAIC shows its designs at Beijing expo

Thu, 23 May 2013 06:19:39 -0400

A concept vehicle designed by Beijing Automotive Industry Corp is shown during the 16th Beijing International High-Tech Expo, May 23, 2013. The expo opened on Wednesday and will last until Sunday. ...

Police bust Guangzhou betting gang

Thu, 23 May 2013 06:19:39 -0400

/enpproperty--> Police in the Guangdong provincial capital detained 157 suspects amid a crackdown against illegal soccer gambling. More than 132 million yuan ($21.29 million) has been frozen in bank accounts as police targeted a major soccer betting syndicate in the Pearl River delta, according to a press release from the Guangzhou bureau of public security on Thursday. Coordinated ...

NBA Nation to tour China

Thu, 23 May 2013 06:19:28 -0400

/enpproperty--> BEIJING - NBA Nation, the NBA's largest mobile basketball playground, will return to China for the second consecutive year and visit 12 cities from May 31 to Aug 18, giving fans the chance to enjoy basketball contests, interact with NBA players and pose with the Larry O'Brien NBA Championship Trophy. O.J. Mayo of the Dallas Mavericks will launch the festivities in ...

Aussie coach denies report of taking helm of a Chinese club

Thu, 23 May 2013 06:19:28 -0400

/enpproperty--> Australian coach Graham Arnold has denied reports in the Chinese media that he is tempted to take charge of Chinese Super League side Guangzhou R&F. In a media conference after an AFC Champions League match between his side, Central Coast Mariners, and Guangzhou Evergrande on Wednesday night, Arnold said he has not had any direct contact with Guangzhou R&F. Recent ...

China and Fed fallout to weigh on U.S. stocks

Thu, 23 May 2013 06:12:59 -0400

U.S. stocks fell Wednesday after mixed messages from the Federal Reserve about its ongoing bond-buying program. Stocks had rallied earlier as investors welcomed comments from Fed ...

NKorea envoy to meet Chinas leader

Thu, 23 May 2013 06:08:34 -0400

(7 mins ago) While a North Korean envoy waits for an expected meeting with China's Communist Party chief, his Chinese hosts are taking him touring in Beijing. North Korea's official Central News Agency reported that the envoy, Choe Ryong Hae, spent part of Thursday touring an industrial park in the southern part of the capital, accompanied by a Communist Party functionary, AP reports. ...

For hackers China is land of opportunity

Thu, 23 May 2013 05:59:07 -0400

BEIJING: Name a target anywhere in China, an official at a state-owned company boasted recently, and his crack staff will break into that person's computer, download the contents of the hard drive, record the keystrokes and monitor cellphone communications, too. Pitches like that, from a salesman for Nanjing Xhunter Software, were not uncommon at a crowded trade show this month that brought ...

Chinas Lenovo sees 34 percent net profit jump

Thu, 23 May 2013 05:59:01 -0400

HONG KONG (AFP) - Chinese computer maker Lenovo Group Thursday announced a jump in net profit for the financial year of 34 percent, despite the slowing PC market.Net profit for the financial year ended March 31 rose to $635.15 million, up from $472.99 million in 2011/2012. Revenue was up 14.5 percent to $33.87 billion.The world's number two PC maker gained global market share at the expense ...

Liberia President Sirleaf Breaks Ground for New U.S.$10 Million Vocational Training Center in Monrovia a Gift of the Peoples Republic of China

Thu, 23 May 2013 05:57:24 -0400

President Ellen Johnson Sirleaf has broken grounds for the construction of a new US$10 million Monrovia Vocational Training Center (MVTC) campus, aimed at helping Liberia achieve its transformative goals. The new MVTC, covering 6,000 square meters, will include two three-storey buildings - one for teaching and training, and the other for faculty dormitory - and a two-storey student dormitory. ...

North Korea envoy awaits chat with Chinas leader

Thu, 23 May 2013 05:48:58 -0400

BEIJING (AP) -- While a North Korean envoy waits for an expected meeting with China's Communist Party chief, his Chinese hosts are taking him touring in ...

Exclusive China urbanisation plan hits roadblock over spending fears - sources

Thu, 23 May 2013 05:24:23 -0400

Reuters © A woman collects bricks at a demolition site, where an old village is making way for new buildings, on the outskirts of Beijing, May 23, 2013. REUTERS/Kim ...

Indications Stock futures slide rattled by Fed China data

Thu, 23 May 2013 05:17:36 -0400

MADRID (MarketWatch) -- U.S. stock market futures fell sharply early Thursday, as fears over a tapering of the Federal Reserve's bond-buying program continued to play out. Those worries and weak China data led to heavy losses for global stocks, with Japan equities suffering their biggest one-day loss in more than two ...

HSBC China manufacturing shrinks

Thu, 23 May 2013 05:16:01 -0400

Beijing - 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 ...

China continues Diaoyu Islands patrols

Thu, 23 May 2013 05:14:43 -0400

Chinese marine surveillance ships continued to conduct regular patrols of the territorial waters surrounding the Diaoyu Islands on Thursday, the State Oceanic Administration said.A fleet consisting of the Haijian 66, Haijian 46 and Haijian 26 carried out the mission, according to a statement on the administration's website."Haijian" is the Chinese equivalent of "marine ...

New Chinese govt subsidies to promote green cars

Thu, 23 May 2013 05:14:42 -0400

A new subsidy policy is intended to promote the use of energy-saving automobiles, according to a Thursday report by the China Securities Journal.The previous policy, which expired at the end of last year, provided a subsidy of 50,000 yuan ($8,151) to automakers for every hybrid vehicle sold, while 60,000 yuan was provided for every electric vehicle sold.Miao Wei, head of the Ministry of Industry ...

Chinas continuing progress the biggest fact in Asias success Singaporean PM

Thu, 23 May 2013 05:14:24 -0400

Visiting Singaporean Prime Minister Lee Hsien Loong said here Thursday that Asia has successfully recovered from depression and faster than expected with China's continuing progress, the biggest fact of Asia's success.Lee made the remark in a keynote speech during the 19th International Conference on the Future of Asia, adding Asia's global role has grown and the region is ...

RPT-UPDATE 1-Chinas Lenovo buys and diversifies to outshine PC rivals

Thu, 23 May 2013 05:12:49 -0400

Thu May 23, 2013 5:12am EDT * Q4 net nearly doubles, fastest pace in seven quarters * Lenovo No.2 in China in smartphones and media tablets By Lee Chyen Yee and Umesh Desai HONG KONG, May 23 (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take ...

China Pakistan boost marine cooperation

Thu, 23 May 2013 05:11:46 -0400

/enpproperty--> China and Pakistan signed a memorandum of understanding for cooperation in marine science and technology. The memorandum was signed between Pakistan's Ministry of Science and Technology and China's ocean watchdog on Wednesday, the State Oceanic Administration said. The memorandum covers, among others, marine research and investigation, climate change, marine energy ...

Festival shows Beijings flower power

Thu, 23 May 2013 05:11:46 -0400

/enpproperty--> The Beijing Rose Cultural Festival kicked off on Thursday. Boasting thousands of varieties, the exhibition -- in the capital's Botanical Gardens, Taoranting Park and Tiantan Park -- will last until June 28. "The festival will further promote the city's appeal and boost the flower industry," said Wang Genhai, deputy director of the forestry and landscape ...

Shanghai metro campaign fights obscenity

Thu, 23 May 2013 05:11:45 -0400

/enpproperty--> Police have intensified a campaign against candid photography, and acts of obscenity, on the Shanghai metro as the hot summer approaches. Reinforced electronic surveillance and stepped-up patrols in the subway carriages and stations will be carried out. A 24-year-old man was held in administrative detention by police on Monday after he tried to photograph a woman with his ...

Air China to upgrade surfing services

Thu, 23 May 2013 05:11:44 -0400

/enpproperty--> An upgrade will see Air China passengers surfing faster in the sky with improved phone facilities. The Beijing-based carrier plans to introduce the improvements in its entire Airbus A330 fleet within the year. The nation's biggest carrier, by market value, carried out successful tests during flights between Beijing and Shanghai recently, the Shanghai Morning Post ...

2 mini-spider species found in southwest China

Thu, 23 May 2013 05:11:01 -0400

Two new minute spider species with oversized rumps have been discovered in southwest China, according to a new study published in the open access journal ...

Chinas Li effusive in praise of Pakistan but not everyone buys it

Thu, 23 May 2013 05:08:03 -0400

ISLAMABAD (Reuters) - Chinese Premier Li Keqiang praised the Sino-Pakistan relationship to the hilt on Thursday, urging the "all-weather friends" to boost cooperation in business, trade, energy and infrastructure and build a long-vaunted economic ...

WRAPUP 1-Asian markets sell off on Bernanke remarks China PMI

Thu, 23 May 2013 05:07:25 -0400

Thu May 23, 2013 5:07am EDT * Asian shares down after China HSBC flash PMI, credit spreads wider * Nikkei plunges 7 percent, 11th worst daily drop * JGBs bounce after 10-year JGB yield hits year highs * Korean won worst hit as dollar rises broadly By Masayuki Kitano and Hideyuki Sano SINGAPORE, May 23 (Reuters) - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in ...

China factory activity falls

Thu, 23 May 2013 05:05:06 -0400

Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven ...

Japan stocks plunge on weak China data

Thu, 23 May 2013 05:05:00 -0400

A seven-month rally in Japanese stocks came to an abrupt halt Thursday as the benchmark Nikkei index plunged by 7.3%, with investors rattled by weak economic data from ...

China factory activity contracts in May

Thu, 23 May 2013 05:04:59 -0400

Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven ...

AUDJPY drops after Chinese PMIs but holds medium term 61.8 Fib so far

Thu, 23 May 2013 04:55:57 -0400

Laith Marmarchi started in FX as a spot trader and market maker for Rosenthal Collins Group. With 14 years experience in Foreign Exchange trading, Laith uses market sentiment analysis, trading psychology and short&long term technical analysis to identify intraday/daily trading ...

EUROPE MARKETS Europe Stocks Slide After China Data Fed Comments

Thu, 23 May 2013 04:55:45 -0400

LONDON – European stock markets opened with sharp losses on Thursday, after disappointing data from China and comments from the U.S. Federal Reserve about tapering its stimulus program stoked worries about slower global growth and less liquidity.The Stoxx Europe 600 index slumped 1.5% to 305.96, retreating after closing at the highest level since June 2008, reached on Wednesday.Banks posted ...

India must accept China Pakistans friendship

Thu, 23 May 2013 04:51:03 -0400

India "must accept" this "enviable friendship" as Beijing cannot scale down its ties with Islamabad merely because of New Delhi's feelings, an official daily here said on Thursday. The high-profile welcome received by Chinese ...

PRECIOUS-Gold rebounds from losses as China data pummels stocks

Thu, 23 May 2013 04:49:56 -0400

* Gold reverses losses but still near two-year low of $1,321.35 * Fed needs to see more from economy before scaling back bond-buying -Bernanke * China PMI shrinks for first time in 7 months (Recasts, updates price) By A. Ananthalakshmi SINGAPORE, May 23 (Reuters) - Gold climbed off session lows on Thursday after weak Chinese factory activity jolted stock markets in Asia, sending ...

Chinas premier Li Keqiang in Islamabad

Thu, 23 May 2013 04:39:13 -0400

By Syed Fazl-e-Haider KARACHI - Pakistan and China on Wednesday agreed to jointly work on an economic corridor for enhanced connectivity, with the two countries signing a series of agreements related to energy, technology and space during the first visit to Pakistan by China's premier Li Keqiang since he took office in March. Even so, local critics claimed Pakistan was of little ...

COMMODITIES-Metals oil swoon on China PMI Fed fears

Thu, 23 May 2013 04:37:31 -0400

Thu May 23, 2013 4:37am EDT * Copper falls as much as 3 pct, oil down for third day * China PMI shrinks for first time in 7 months-HSBC * Bernanke comments suggest U.S. stimulus may be cut soon By Manolo Serapio Jr SINGAPORE, May 23 (Reuters) - Copper fell 3 percent and oil dropped for a third day on Thursday after a factory survey suggested China's economic recovery has stalled and Federal ...

FTSE sinks on Chinese data U.S. stimulus concerns

Thu, 23 May 2013 04:21:33 -0400

* FTSE 100 falls 1.7 percent after Bernanke's comment on stimulus * Miners down on poor China factory activity survey * United Utilities among handful of risers post results By Tricia Wright LONDON, May 23 (Reuters) - Britain's top shares fell sharply on Thursday, dropping off 13-year highs on weak Chinese economic data and worries the U.S. Federal Reserve could soon taper its stimulus ...

Japan Shares Plunge 7 Following Negative Chinese Data

Thu, 23 May 2013 04:16:52 -0400

Japanese share prices Thursday experienced their worst one-day decline in two years, following the release of unexpectedly negative Chinese manufacturing ...

RPT-Fitch affirms Chinas Franshion at BBB- outlook stable

Thu, 23 May 2013 04:12:59 -0400

Thu May 23, 2013 4:12am EDT (Repeat for additional subscribers) May 23 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed China-based Franshion Properties (China) Limited's (Franshion) Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. The agency has also affirmed the company's senior unsecured rating at ...

Taiwans Wu confirms hell run for IOC presidency

Thu, 23 May 2013 04:12:32 -0400

FILE - This Friday, Nov. 3, 2006 file photo shows Ching-Kuo Wu, of Taiwan, a challenger for the presidency of the International Boxing Association during the XVI AIBA Congress in Santo Domingo, Dominican Republic. C.K. Wu of Taiwan has notified IOC President Jacques Rogge, Friday May 17, 2013, he will be a candidate to succeed him as head of the Olympic body. (AP Photo/Ramon Espinosa, ...

Oil falls below $94 as China manufacturing weakens

Thu, 23 May 2013 04:12:27 -0400

BANGKOK -; The price of oil fell below $94 per barrel Thursday after a private survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is ...

China manufacturing contracted in May

Thu, 23 May 2013 04:11:43 -0400

A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's number two economy is slowing. HSBC said today the preliminary version of its monthly purchasing managers index fell to a seven-month low of 49.6 from April's 50.4 on a 100-point scale. Ang figure below 50 show a contraction. "The cooling manufacturing activities in ...

China and Japan Show Signs of Economic Stress

Thu, 23 May 2013 04:07:53 -0400

HONG KONG ...

Hong Kong shares post worst loss in 7 weeks on China slowdown fears

Thu, 23 May 2013 04:07:43 -0400

HONG KONG | Thu May 23, 2013 4:07am EDT HONG KONG May 23 (Reuters) - Hong Kong shares suffered their worst daily loss in seven weeks on Thursday after a preliminary private survey suggested manufacturing activity in China contracted in May for the first time since October. The Hang Seng Index closed down 2.5 percent at 22,669.7 points, while the China Enterprises Index of the top Chinese ...

China Railway Corp debuts bond issuances

Thu, 23 May 2013 04:04:28 -0400

China Railway Corporation, a spin-off of the former Ministry of Railways (MOR), on Thursday floated the first batch of bonds to fund its railway construction and buy trains.The company issued 20 billion yuan ($3.23 billion) in 5-year bonds through auction on Thursday, marking the company's first bond issuance since its establishment in mid-March.It will use the proceeds to finance its ...

Swiss president says Swiss-China relations marked by mutual trust dynamism

Thu, 23 May 2013 04:04:08 -0400

The relations between China and Switzerland are marked by mutual trust and dynamism, Swiss President Ueli Maurer told Xinhua in a written interview ahead of Chinese premier Li Keqiang's visit to his country. Switzerland-China relations enjoy smooth development in various forms, Maurer said. Switzerland is one of the first Western countries to set up joint ventures in China and recognize ...

China market Online gaming revenues over CNY 12 billion in 1Q13 says Analysys

Thu, 23 May 2013 04:02:38 -0400

Online gaming operators in the China market generated revenues of CNY12.788 billion (US$2.05 billion) during first-quarter 2013, increasing 4.4% sequentially and 13.5% on year, according to Analysys ...

Weak PMI data drags down Chinese shares

Thu, 23 May 2013 04:01:45 -0400

/enpproperty--> BEIJING - A weak reading of the HSBC Flash Manufacturing Purchasing Managers' Index (PMI) that suggested contraction in the manufacturing sector in May weighed on Chinese shares on Thursday, sinking stocks indexes by more than 1 percent. The benchmark Shanghai Composite Index lost 1.16 percent, or 26.74 points, to end at 2,275.67. The Shenzhen Component Index fell 1.48 ...

Chinas crude stockpile rises to 3-month high

Thu, 23 May 2013 04:01:42 -0400

/enpproperty--> China's commercial crude stockpiles rose in April to the highest level in three months, and diesel supplies dropped after the nation curbed refining. China Oil, Gas & Petrochemicals, a newsletter published by Xinhua News Agency, reported on Wednesday that crude inventories, excluding emergency reserves, climbed 0.14 percent from a month earlier. Stockpiles increased ...

Exotic ethnic dining in Beijing

Thu, 23 May 2013 04:01:19 -0400

Beijing is where the world and her dining companions meet, and good chefs from all over the country congregate. Right now, the flavors are fresh, and the menu is blooming ... literally. Ye Jun tells us ...

Yarlung Zangbo Grand Canyon in Chinas Tibet

Thu, 23 May 2013 04:01:05 -0400

The Yarlung Zangbo Grand Canyon is one of the deepest and longest canyons in the world. The Yarlung Zangpo River starts at Mount Kailash before reaching the juncture of Mainling and Medog counties, where it swerves around towering Namjagbarwa, the highest peak in the eastern section of the Himalayas, carving a U-shaped gorge. The canyon is home to many animals and plants barely explored and ...

US Chinese law schools to deepen collaboration

Thu, 23 May 2013 03:58:20 -0400

Wang Xixin, deputy dean and professor of law at Peking University Law School, spoke at the memorandum of understanding signing ceremony held earlier this month. Provided to China ...

Market Buzz Stocks down on Fed news China’s flash PMI indicates contraction

Thu, 23 May 2013 03:56:46 -0400

Russian economy Russian stocks started Thursday in the red following news yesterday from the US that the Fed has not yet come to a consensus on ending its stimulus program. Weak Chinese PMI data also contributed to the decline. On Wednesday, Russian stocks ended the trading session with significant gains after Federal Reserve Chair Ben Bernanke's testimony. By the end of the day on May ...

Europe stocks slump after China data Fed comments

Thu, 23 May 2013 03:46:05 -0400

manufacturing activity unexpectedly contracted in May, stoking worries of an economic slowdown in the country's economy. Additionally, investors worried the U.S. Federal Reserve will soon reduce its asset-purchase program, after minutes from the latest policy meeting and comments from Chairman Ben Bernanke suggested the bank will begin tapering its easing program in coming months. The Stoxx ...

Nawaz Sharif seeks civil-nuclear technology from China

Thu, 23 May 2013 03:40:13 -0400

Prime Minister-designate Nawaz Sharif on Thursday sought civil nuclear technology to overcome Pakistan's energy crisis during a meeting with Chinese Premier Li ...

Zimbabwe Chinese VP Meets President

Thu, 23 May 2013 03:38:11 -0400

VISITING Chinese Vice Premier Wang Yang met President Mugabe at State House today where he briefed him on the investment agreements his country signed with various ministries. The agreements are worth US$36 million as the two countries continue to cement their flourishing economic ties. Speaking through an interpreter after the meeting, Vice-Premier Wang expressed gratification on meeting the ...

Microraptors had taste for sashimi Study

Thu, 23 May 2013 03:30:48 -0400

Liaoning province found fish bones bearing the marks of strong digestive acids near the fossil's ribs -- the world's first evidence suggesting that Microraptors ate fish. The research was jointly carried out by Chinese and Canadian scientists, and the results were published on Tuesday in the International Journal of Evolution. "Microraptors may be the ancestors of birds. They ...

Pig takes dogs place as family member

Thu, 23 May 2013 03:30:47 -0400

/enpproperty--> Mr Min spends four hours and walks twice a day with his 'BAMA miniature pig' Zhu Zhu in Wuhan, the capital city of Hubei province. Zhu Zhu lives with Mr Min and his wife in a 23-square meter room. It has become a member of the family. The couple always have their breakfast after feeding Zhu Zhu. And their pet pig always gets up along with its masters when they wake ...

Seoul shares drop 1.2 pct Nikkei China PMI spark investor jitters

Thu, 23 May 2013 03:28:47 -0400

Thu May 23, 2013 3:28am EDT * Chinese PMI, Nikkei tumble spark investor worries * Telcos find favour as investors seek high-dividend issues * Crude oil, chemicals issues lead falls SEOUL, May 23 (Reuters) - South Korean shares dropped 1.2 percent on Thursday after a slide in Japanese stocks and weak Chinese factory data hit investor sentiment, with chemical makers and energy-linked shares leading ...

GLOBAL MARKETS-Shares sink on U.S. stimulus pullback Chinese growth fears

Thu, 23 May 2013 03:27:32 -0400

Thu May 23, 2013 5:57am EDT * World shares fall sharply on fears Fed could taper bond-buying * Weak Chinese factory, euro zone sentiment data add to concerns, * Nikkei falls 7.3 pct, European shares down over 2.0 pct * Yen gains vs dollar and euro, German bonds firm By Richard Hubbard LONDON, May 22 (Reuters) - Share markets fell sharply on Thursday as investors piled back into safer assets, ...

India to issue plans to counter China

Thu, 23 May 2013 03:27:09 -0400

Bikram Singh Indian Army Chief General Bikram Singh presented to Indian Prime Minister and senior cabinet ministers Thursday tougher options that India has to handle the border stand-off with China. A third flag meeting between the two sides Wednesday failed to break the deadlock, according to an Indian news agency. The agency said General Singh suggested to the Cabinet Committee on Security ...

UPDATE 2-Brent slips below $102 on gloomy China data stimulus doubts

Thu, 23 May 2013 03:19:46 -0400

Thu May 23, 2013 3:19am EDT * Weak PMI casts doubt on China recovery, oil demand * Dollar at 3-yr high, QE3 uncertainties also weigh * Coming up: euro zone PMI at 0758 GMT (Recasts, updates prices) By Ramya Venugopal CHENNAI, India, May 23 (Reuters) - Brent crude futures shed a dollar on Thursday to trade below $102 a barrel in a broad-based commodities sell-off, as data cast doubt on recovery ...

Shanghai shares have worst day in a month as China flash PMI disapoints

Thu, 23 May 2013 03:06:54 -0400

HONG KONG | Thu May 23, 2013 3:06am EDT HONG KONG May 23 (Reuters) - Shanghai shares posted their worst loss in a month on Thursday, falling along with other Asian stock markets after a private survey suggested manufacturing activity in China contracted in May for the first time since October. The Shanghai Composite Index shed 1.2 percent in its biggest single-day decline since April ...

Shanghai Peoples Square metro station offers free concerts to passengers

Thu, 23 May 2013 03:05:25 -0400

People's Square attracts audiences that are both keen and curious. It could be a jazz piano solo, a classical sonata or traditional Chinese bamboo flute music. Whatever your taste, free concerts in the grand hall of People's Square metro station in Shanghai have been offering a diverse range of music since the start of the year. Set against a noisy backdrop, the concerts have ...

Guangdong lifts flood warning as dozens killed by heavy rainstorms

Thu, 23 May 2013 03:05:25 -0400

Authorities in Guangdong province lifted a flood warning on Friday morning, after dozens of people were killed and wounded due to days of rainstorms across South China. Since Tuesday, rainstorms have triggered flooding and landslides in the area, leaving 53 dead and some reported missing, China News Service reported on Friday. The southern province of Guangdong was the hardest hit by ...

China offers 500 troops to UN Mali force envoys

Thu, 23 May 2013 03:03:48 -0400

UNITED NATIONS (AFP) - China has offered to send more than 500 soldiers to the UN force seeking to contain Islamist militants in Mali in what would be its biggest contribution to UN peacekeeping, diplomats said Wednesday.The move could be a bid to overcome tensions with the West over the Syria conflict and to strengthen its relations in Africa, where it is a major buyer of oil and other ...

Tokyo stock market plummets more than 7 as China worries prompt rout

Thu, 23 May 2013 03:03:05 -0400

A woman walks past an electronic board displaying a graph showing the dramatic downturn of Japan's Nikkei average outside a brokerage in Tokyo, May 23, 2013. (Toru ...

De Lima disputes report NBI team’s Taiwan trip is on hold

Thu, 23 May 2013 02:54:16 -0400

Justice Secretary Leila de Lima. INQUIRER FILE PHOTO MANILA, Philippines--Justice Secretary Leila De Lima on Thursday denied reports that the trip by the National Bureau of Investigation (NBI) to Taiwan has been put on hold. De Lima told reporters that they are coordinating with Taiwanese authorities to facilitate the needs of the investigators for their trip. "As of yesterday (Thursday), ...

New Zealands meat export to China to be resumed after document failure

Thu, 23 May 2013 02:53:28 -0400

New Zealand meat exports that have been held up on Chinese wharves because of a name change on the export documents will be allowed to enter the Chinese market from next week, the New Zealand government announced Thursday.Primary Industries Minister Nathan Guy said the Chinese authorities had agreed to begin releasing consignments under the name of the New Zealand Food Safety ...

China to become major grain importer by 2015

Thu, 23 May 2013 02:51:09 -0400

/enpproperty--> China, the world's largest food consumer, is expected to become a major grain importer by 2015, head of a global grain trader said in a recent industry forum. Sunny Verghese, CEO of Olam International Ltd, a Singapore-based grain trader, said because of diminishing resources of land and water, China is on the way to become a major importer of corm, wheat and rice by ...

Scotiabank admits delays in Bank of Guangzhou deal

Thu, 23 May 2013 02:51:06 -0400

CEO Richard Waugh said he was too optimistic about the swift completion of a deal to buy a stake in a Chinese lender. Scotiabank has been awaiting regulatory approval from China on a deal announced in 2011 to buy a 20 percent stake in Bank of Guangzhou Co for C$719 million ($698.9 million). "We were a little too optimistic on that first announcement," Waugh, 65, said on Wednesday at ...

Chinese insurers look at real estate investment in Australia

Thu, 23 May 2013 02:51:05 -0400

/enpproperty--> Chinese insurance companies are seeking real estate investment opportunities in the Australian market, according to research from international real estate service provider Savills. Foreign Investors by the end of March, although only accounting for 19 percent of Australian CBD office transactions, were the greatest net investors in the market, the report showed. "We are ...

Marine experts look to China

Thu, 23 May 2013 02:51:04 -0400

/enpproperty--> The Norwegian shipping classification society Det Norsk Veritas announced it has set up a panel of marine engineering experts in China, as a way to tap into the country's boom in marine equipment design and manufacturing. The current leading members on the panel are marine engineering experts from Dubai, Huston and Singapore, DNV said. This move represents the ...

China growth to increase demand for office space in 2013

Thu, 23 May 2013 02:51:03 -0400

/enpproperty--> The Knight Frank Asia-Pacific Prime Office Index rose for the twelfth successive quarter, boosted by the Chinese economy and the knock-on effects from Japan's stimulus measures, the real estate service provider said in a report. The index increased 1.7 percent in the first quarter of 2013 and 5.6 percent over the last 12 months, as the still robust economy in China is ...

China Financial Summit 2013 opens in Beijing

Thu, 23 May 2013 02:51:00 -0400

China Financial Summit 2013 is one of the main sessions of the 16th China Beijing International High-Tech Expo, and is being held on May 23 and 24. Keynote speeches were delivered at Diaoyutai State Guesthouse. Cai Guoxiong, of the National Committee of CPPCC and vice-chairman of Beijing Municipal Committee of CPPCC, was at the ...

Chinese firm is among suitors keen to buy Fisker

Thu, 23 May 2013 02:50:21 -0400

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 ...

Ruins of St. Pauls in Chinas Macao

Thu, 23 May 2013 02:50:19 -0400

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 ...

Amazing Wuling Mountain in Beijing

Thu, 23 May 2013 02:50:16 -0400

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. ...

NZ shares fall as US China in focus

Thu, 23 May 2013 02:47:00 -0400

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, eight ...

Chinese infrastructure projects in India stalled by red tape

Thu, 23 May 2013 02:38:45 -0400

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. ...

China HSBC PMI suggests continued near-term softness

Thu, 23 May 2013 02:34:58 -0400

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 ...

China PMI spooks Nikkei falls over 7 | Sensex down over 300 pts

Thu, 23 May 2013 02:30:09 -0400

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 ...

Early Survey Shows Contraction in Chinese Manufacturing

Thu, 23 May 2013 02:28:10 -0400

HONG KONG ...

China factory activity shrinks for first time in seven months - flash PMI

Thu, 23 May 2013 02:21:08 -0400

By Aileen Wang and Koh Gui Qing BEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled ...

China money rates rebound on tax payments month-end

Thu, 23 May 2013 02:01:55 -0400

* 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 ...

Philippines vows to defend territory against China

Thu, 23 May 2013 01:53:30 -0400

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 warship ...

Asia stocks slide as China factory output slips

Thu, 23 May 2013 01:52:55 -0400

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 ...

China Manufacturing Contracts As New Orders Slump

Thu, 23 May 2013 01:52:20 -0400

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 found. ...

Grounded ship is PH’ last line of defense vs China

Thu, 23 May 2013 01:47:21 -0400

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 ...

Trilateral cooperation among China India and Nepal urged

Thu, 23 May 2013 01:46:30 -0400

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 ...

Ship overturns in E China killing 6

Thu, 23 May 2013 01:46:29 -0400

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 ...

Outlook for China’s Economy Worsens

Thu, 23 May 2013 01:43:37 -0400

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. ...

Slaying China’s zombies and righting the economy

Thu, 23 May 2013 01:43:05 -0400

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 ...

Nikkei slumps 3.7 pct on weak China data 10-yr JGB prices turn higher

Thu, 23 May 2013 01:40:33 -0400

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 10-year ...

Minister slams department as Chinese meat embargo ends

Thu, 23 May 2013 01:39:55 -0400

Officials scramble to lift block on NZ meat in China The Minister for Primary Industries is not ruling out job losses after an administrative error from his own department led to exports of New Zealand meat being held up on the Chinese border. Meat exports have been blocked from entering the country since the end of April, and the Ministry for Primary Industries (MPI) made resolving the issue ...

Manila tells China vessels to clear off

Thu, 23 May 2013 01:33:31 -0400

(10 mins ago) Philippines vowed to ';defend what is ours’’ as part of a stand-off over a Chinese warship circling a South China Sea reef occupied by Filipino marines. This week Manila objected to the ';provocative and illegal presence'' of the warship near Second Thomas Shoal, but China brushed off the complaint. Philippine foreign affairs department spokesman ...

China domestic demand softens in May raising risks to growth

Thu, 23 May 2013 01:32:38 -0400

(2 hrs 5 mins ago) Manufacturing activity in China contracted in May for the first time in seven months, HSBC said, in another sign of the weakness of recovery in the world's second-largest economy. The British bank'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 reading ...

Justice Carpio pessimistic on PH case vs China but…

Thu, 23 May 2013 01:32:12 -0400

MANILA, Philippines--The Philippines' only recourse in the territorial dispute with China is to appeal to world opinion even if the country has already taken the issue to an arbitral tribunal under the United Nations Convention on the Law of the Sea (Unclos), a senior Associate Justice of the Supreme Court said. Senior Associate Justice Antonio Carpio, speaking before the law graduates at ...

China HSBC flash PMI hits 7-month low fans growth fears

Thu, 23 May 2013 01:23:30 -0400

The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ...

Kerry confront China on human rights

Thu, 23 May 2013 01:17:36 -0400

"No nation has more opportunity to advance the cause of democracy, " said then-Sen. John Kerry at his recent confirmation hearing to become U.S. secretary of state. "And no nation is as committed to the cause of human rights as we are." This weekend, ...

UPDATE 1-Sinopec Engineering debut fizzles casting doubt on Hong Kong IPO recovery

Thu, 23 May 2013 01:03:39 -0400

Thu May 23, 2013 1:03am EDT * Sinopec trades flat to lower in debut after opening higher * Sinopec, China Galaxy IPOs lift HK volumes to $3.9 bln YTD (Adds comments, market performance) By Elzio Barreto HONG KONG, May 23 (Reuters) - Sinopec Engineering made a lacklustre market debut on Thursday after raising $1.8 billion in Hong Kong's biggest IPO this year, casting doubt on a nascent ...

CNH Tracker-Pilot quota system for moving yuan offshore gathers traction

Thu, 23 May 2013 00:56:55 -0400

By Saikat Chatterjee HONG KONG, May 23 (Reuters) - A pilot quota system that allows companies operating in China to freely transfer some of their yuan profits offshore has gathered some traction in recent months and bankers expect more firms to seek approvals to participate. So far only a handful of multinationals - including General Electric, Ford Motor Co, Danone, Schneider Electric and Moog ...

Guangzhou Evergrande coach not satisfied with last eight

Thu, 23 May 2013 00:47:28 -0400

HONG KONG (AFP) - Marcello Lippi warned Guangzhou Evergrande that reaching the AFC Champions League quarter-finals was not enough and urged his illustrious team to go at least one step further.Lippi said Guangzhou's comprehensive 5-1 aggregate win over Central Coast Mariners in the last 16, completed at home late on Wednesday, was an important step -- but nothing more."It's a very ...

Blog New dawn for Chinese activism

Thu, 23 May 2013 00:44:40 -0400

A new age of environmental protest is dawning in China as the 'lao baixing', or ordinary people, gain a voice with the help of social media, writes Monica ...

Senao expanding retail chain in eastern China

Thu, 23 May 2013 00:35:47 -0400

Senao International, a Taiwan-based IT and consumer electronics retail chain, plans to expand its retail network in eastern China from 40 stores currently to 100 by the end of 2013, and to 800-1,000 by the end of ...

China Labor Day LCD TV sales surge by double-digit percentage says IHS

Thu, 23 May 2013 00:35:45 -0400

Sales of LCD TVs during China's Labor Day holiday rose 18% in 2013 compared to a year earlier, as consumers were lured by attractive promotional pricing and a government subsidy program, according to research firm ...

Taiwan market LG launches waterproof smartphone

Thu, 23 May 2013 00:35:44 -0400

Following the steps of Sony Mobile Communications and HTC, LG Electronics has launched a waterproof smartphone, the Optimus GJ. LG expects sales of the waterproof model in the Taiwan market to reach 50,000 units in ...

Windows 8 expected to take up 5-8 of global tablet shipments in 2013 say Taiwan makers

Thu, 23 May 2013 00:35:36 -0400

Possibly because Microsoft has lowered licensing rates for Windows 8 for use in tablets, many vendors are developing Windows 8 tablets for launch in the second half of 2013, and thus the operating system is expected to account for 5-8% of all tablets shipped globally in 2013, equivalent to a volume of 10-20 million units, according to Taiwan-based supply chain ...

Rainstorms hit South China

Thu, 23 May 2013 00:34:35 -0400

Police rescue residents in Cuiwei village, Zhuhai, in South China's Guangdong province, on May 22, 2013. Primary and middle schools closed as the city received 318 millimeters of rainfall in 11 hours on Wednesday. Nanyangpu village was swamped with up to three meters of rain, and 1,200 trapped villagers were transferred. [Photo by Li ...

Hackers Find China Is Land of Opportunity

Thu, 23 May 2013 00:34:24 -0400

Name a target anywhere in China, an official at a state-owned company boasted recently, and his crack staff will break into that person's computer, download the contents of the hard drive, record the keystrokes and monitor cellphone communications, too. Pitches like that, from a salesman for Nanjing Xhunter Software, were not uncommon at a crowded trade show this month that brought together ...

Three Chinese ships in disputed waters Japan coastguard

Thu, 23 May 2013 00:33:45 -0400

A Chinese marine surveillance ship cruises near the disputed islets on April 23, 2013. Three Chinese government ships have entered the waters of disputed islands on Thursday, Japan's coastguard said. ...

Kalimantans forgotten ancient Chinese jars

Thu, 23 May 2013 00:32:28 -0400

Thanks to the taste and appreciation of the Dayaks, Kalimantan is home to a variety of the best antique Chinese stoneware jars. Historical data shows that traders from the Chinese southern coast have been busy trading around the region, including to present day Myanmar, Thailand, the Philippines, Malaysia and Indonesia. Antique and ancient ceramic enthusiast Boedi Mranata said trading ...

Cathay Pacific adds fifth daily Hong Kong-London flight

Thu, 23 May 2013 00:32:06 -0400

" alt="Cathay Pacific adds fifth daily Hong Kong-London flight" style="position: absolute; top: 50%; left: 50%; margin-left: -233.5px; margin-top: -130px;" title="Cathay Pacific adds fifth daily Hong Kong-London flight" ...

10000 people suffer due to manganese tainted tap water in S China town

Thu, 23 May 2013 00:31:17 -0400

At least 10,000 people suffered a shortage of drinking water in a South China town on Wednesday following the detection of excessive manganese in the tap water. "The city government of Lufeng in Guangdong Province said the manganese level in the tap water in Da'an town was 1.2 mg per liter since Monday, 12 times the maximum amount allowed in drinking water," reports Xinhua.he The ...

Chinese meat blockade lifted

Thu, 23 May 2013 00:28:33 -0400

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 ...

Lenovos Q4 net profit nearly doubles on Chinese PC phone demand

Thu, 23 May 2013 00:27:26 -0400

HONG KONG, March 23 | Thu May 23, 2013 12:27am EDT HONG KONG, March 23 (Reuters) - China's Lenovo Group Ltd posted a 90 percent rise in its quarterly net profit, its fastest pace in seven quarters, as a result of strong PC and smartphone demand in its domestic market. Lenovo, on track to unseat Hewlett-Packard Co as the world's top PC maker by shipments, posted net profit of ...

HSBC China profit up in 2012

Thu, 23 May 2013 00:24:26 -0400

(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 ...

Quake prompts growth in NGOs

Thu, 23 May 2013 00:04:45 -0400

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 ...

First China manufacturing shrinkage in 7 months HSBC

Wed, 22 May 2013 23:37:56 -0400

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 ...

Survey shows China manufacturing contracting

Wed, 22 May 2013 23:35:29 -0400

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 ...

China strengthens Zimbabwe ties with vice-presidential visit

Wed, 22 May 2013 23:34:39 -0400

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 VP ...

Hong Kong Bans Poultry Imports From Catalonia Spain

Wed, 22 May 2013 23:29:46 -0400

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 ...

China Solar Talks With Europe Go Dark

Wed, 22 May 2013 23:27:28 -0400

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 ...

Gold price opens lower in Hong Kong

Wed, 22 May 2013 23:25:13 -0400

/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 ...

Injured baby finless porpoise dies in E China

Wed, 22 May 2013 23:25:07 -0400

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 ...

China yuan weakens to 6.1947 against USD

Wed, 22 May 2013 23:24:47 -0400

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 ...

Thunderstorm slams S. Chinas Zhuhai

Wed, 22 May 2013 23:24:38 -0400

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. ...

Morning storm wreaks havoc in Hong Kong

Wed, 22 May 2013 23:24:30 -0400

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 ...

China losing luster for Japan makers

Wed, 22 May 2013 23:24:23 -0400

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 ...

Suu Kyi tells China to deal with Thein Sein on dam issue

Wed, 22 May 2013 23:23:51 -0400

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 ...

Special envoy from N. Korea arrives in China

Wed, 22 May 2013 23:23:26 -0400

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 ...

METALS-Copper slides more than 2 pct as China factory data disappoints

Wed, 22 May 2013 23:19:14 -0400

* 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 ...

Guangzhou into last eight

Wed, 22 May 2013 23:14:23 -0400

(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 ...

Guangzhou into last eight

Wed, 22 May 2013 23:14:23 -0400

China eases forex rules in special economic zones

Wed, 22 May 2013 23:12:28 -0400

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. ...

Hong Kong stocks open 0.81 lower

Wed, 22 May 2013 23:09:51 -0400

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 ...

Economic Report China manufacturing swings to contraction HSBC

Wed, 22 May 2013 23:08:34 -0400

LOS ANGELES (MarketWatch) -- China's manufacturing activity has swung to contraction in May after months of slowing growth, according to preliminary data released Thursday from HSBC, with the results slamming ...

Chinas factory activity contracting HSBC data

Wed, 22 May 2013 23:08:31 -0400

LOS ANGELES (MarketWatch) -- China's manufacturing activity was contracting in May, according to preliminary data released Thursday, as HSBC's "flash" Purchasing Managers' Index fell to a seven-month low of 49.6 from April's final reading of 50.4. A result below 50 signals contraction. Both the new orders and new export orders sub-indexes registered decreases in the ...

Fitch Publishes China Properties Groups IDR B-Stable

Wed, 22 May 2013 23:06:07 -0400

Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...

China may scrap floor for interest rates this year -media

Wed, 22 May 2013 22:59:40 -0400

BEIJING | Wed May 22, 2013 10:59pm EDT BEIJING May 23 (Reuters) - China may remove its floor for interest rates as early as this year or next year at the latest, Chinese media said on Thursday, an important step towards freeing the country's tightly-controlled interest rates market. Ba Shusong, a researcher at the Development Research Center, a think-tank whose recommendations to ...

Arena International Aviation to train Chinese pilots for Hainan Airlines

Wed, 22 May 2013 22:28:37 -0400

HUNDREDS of Chinese cadet pilots will amass crucial flight training in Port Macquarie to kickstart a ticket to the skies across the world. About 150 pilot cadets a year from China will train under the guidance of Port Macquarie-based Arena International Aviation in a step towards becoming pilots with Hainan Airlines. The relationship between Arena International Aviation and Hainan Airlines ...

US should act on China intellectual property theft

Wed, 22 May 2013 22:26:49 -0400

WASHINGTON (AFP) - The United States should consider curbs on Chinese investment or even offensive operations against hackers to address the growing toll from intellectual property theft, a report said.The 11-month study led by high-ranking former US officials said that theft of software and other US-developed products was costing the American economy more than $300 billion each year -- as much ...

Huge sinkhole kills 5 factory workers in China

Wed, 22 May 2013 22:20:09 -0400

Five factory workers were killed when a sinkhole measuring 10 metres in diameter opened outside an industrial park in Shenzhen, the southern Chinese town near Hong ...