Latest Beijing News
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Slideshow Top 10 States Exporting to China
Nearly everyone knows the United States imports a lot from China (and if you don't, you're probably not a regular reader of The Journal of Commerce), but American companies are increasingly exporting more to the Asian manufacturing juggernaut, too. The U.S. exported $108.6 billion worth of goods to China last year, 6.5 percent more than a year earlier, according to a recent U.S.-China ...
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China Sentiment Indicator Flops
Nice try. China's economy losing momentum. China business leaders preparing for rainier days. China continues to disappoint. Following HSBC Flash PMI going below 50, and below consensus, on Friday one of the big business surveys on China says sentiment in the C-suite is souring. ...
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China Has Growth But Were Tapping The Brakes On Ford At $15
Ford Motors have rallied more than 20% in the past three months on the back of solid North American operations, some improvement in Europe and surging sales in China. Ford's Chinese sales have surged 49% through April, and the world's largest auto market now accounts for about a sixth of the automaker's global sales. Sales have been helped by the Focus and the Kuga, both of which ...
More Beijing News
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China manufacturing sees 1st fall in 7 months HSBC
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 ...
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TAIEX dives on US Fed concerns China data
Selling, in particular, accelerated after HSBC Holdings and Markit Economics reported a worse-than-expected Chinese Purchasing Manager's Index (PMI) for May, which made concerns over the regional economy run deeper, the dealers said. Large-cap stocks such as Taiwan Semiconductor Manufacturing Co. (TSMC), the most weighted stock in the local bourse, faced heavy profit-taking pressure after ...
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Key step cleared to Swiss-China free trade deal
BERNE, Switzerland (AFP) - Switzerland and China cleared the final hurdle Friday towards a landmark free-trade agreement, as Beijing seeks to underscore its growing global ties via deals with European partners.As China's Premier Li Keqiang and Swiss President Ueli Maurer looked on, the two nations' economy ministers inked a memorandum of understanding which paves the way for the formal ...
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China Gains Ground among Customers of Venezuelan Oil
Caracas, May 24 (Prensa Latina) China has consolidated its position among international purchasers of Venezuelan oil, with an average volume that currently amounts to 626,000 barrels per day, industry sources said. Notably, reports from the state oil company Petroleos de Venezuela (PDVSA) show 350,000 barrels per day in 2012. However, the Minister of Petroleum and Mining and President of PDVSA, ...
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Satellite data network reaches S. China Sea
/enpproperty--> SANYA - A satellite data receiving station was launched on Friday enabling China to now obtain observation information about the South China Sea. The station, in Sanya in south China's island province of Hainan, was launched by the Institute of Remote Sensing and Digital Earth under the Chinese Academy of Sciences. China will now be able to obtain satellite remote ...
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China US sign memo on audit files access
/enpproperty--> BEIJING - China and the United States have signed a cooperation memorandum agreeing to share audit and accounting records of concerned companies, marking an important step in cross-border coordination of such probes. In a statement, China Securities Regulatory Commission (CSRC) and the Ministry of Finance (MOF) said they had signed an agreement with the US Public Company ...
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China opposes EUs probes into solar telecom companies
Premier Li Keqiang said on Friday that China firmly opposes the European Union's probes into Chinese solar and telecom products, suggesting that once the results of the investigations are released, both sides will be harmed. Li said in a speech delivered at a luncheon with business and financial leaders during his trip to Switzerland that China is keeping a close eye on the EU's trade ...
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Why Iran May Pose A Greater Cybersecurity Risk Than China
report from the Wall Street Journal about Iranian infiltration of U.S. energy firms shows why their cyber-assaults could pose a greater immediate threat to U.S. national security. While China pursues ...
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IP Partner Scott Palmer Joins Sheppard Mullin Beijing
BEIJING and LOS ANGELES, CA--(Marketwired - May 24, 2013) - Scott J. Palmer has joined Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm's IP practice group, based in the firm's Beijing office.Palmer joins from Baker & McKenzie in Beijing, where he led that firm's IP practice in Beijing.He will be supported by a full team of IP professionals in Sheppard ...
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Fitch Affirms Henderson China Opportunities Funds Satisfactory Rating
Macao Banks' Rapid China Growth Alters Risk Profiles Macao banks could see their risk profiles weaken as their exposure to China continues to climb.Fitch Ratingsexpects credit growth to accelerate to 30% in 2013 from 26% in 2012, primarily led by China-related trade financing. Generally Chinese exposures are driven by parent referrals and associated risk is adequately mitigated with ...
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Devoy keeps clear of Peters China attack
New Race Relations Commissioner Dame Susan Devoy has refrained from joining critics of NZ First Leader Winston Peters' latest attack on China's growing influence in New Zealand, saying she doesn't want to get involved. But Ethnic Affairs Minister Judith Collins who appointed Dame Susan to the job two months ago labelled Mr Peters' comments "confrontational" and "insulting". In a speech to North ...
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Oil under pressure from China data
Global oil prices have closed little changed, recovering from sharper early losses after weak Chinese manufacturing data. New York's main contract, West Texas Intermediate light crude for July, edged down US3c to settle on US$94.25 ($116.3) a barrel. WTI had hit an intraday low of US$92.21. Brent North Sea crude for delivery in July settled at US$102.44 a barrel, down US16c from ...
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Sports scandal entertainment dominates the headlines in an India not that obsessed with China
East-Asia-Intel.com NEW DELHI -- It's a toss-up what's of more concern to India's 1.2 billion people -- border disputes with China or the arrests on bribery charges of stars of India's most popular sport, the old British game of cricket. India's Prime Minister Manmohan Singh mingled firmness with smiles in a summit this week with China's Premier Li Keqiang that ...
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From Nixon’s historic opening to the new U.S.-China world order Now what
John J. Metzler NEW YORK -- Dr. Henry Kissinger called for the United States and China to collaborate on a new global order, and a groundbreaking new report, "U.S.- China Economic Relations in the Next Ten Years," underscored the deepening commercial engagement between the two Pacific powers. Indeed with President Barack Obama meeting his Chinese counterpart Xi Jinping in California ...
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China and Switzerland to seal free-trade deal
Swiss President and Defence Minister Ueli Maurer shakes hands with Chinese Premier Li Keqiang during the second day of an official visit to Switzerland at the government's guesthouse Lohn in the village of Kehrsatz, near the Swiss capital of Bern, May 24, 2013. (RUBEN ...
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NKorean envoy delivers letter to Chinas president
In this photo released by China's Xinhua News Agency, Chinese President Xi Jinping, right, greets North Korean Vice Marshal Choe Ryong Hae in Beijing Friday, May 24, 2013. The top North Korean envoy delivered a letter from leader Kim Jong Un to Xi on Friday and told him Pyongyang would take steps to rejoin stalled six-nation nuclear disarmament talks, in an apparent victory for ...
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China’s Peng Shuai stuns American Stephens in Brussels
China's eighth seed Peng Shuai upset the rankings to defeat fourth-seeded American Sloane Stephens, 6-2, 6-3 on Thursday to reach the Brussels Open quarterfinals.Peng is now through to the seventh Premier-level semifinal of her career, having gone 1-5 in her previous six.However, she did make the final in the Belgian capital Brussels in 2011 where she lost to former World No.1 Caroline ...
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China shuts down 3700 firework plants
/enpproperty--> BEIJING - More than 3,700 firework plants have been shut down since local governments tightened safety regulations, according to China's top safety watchdog. The move means China now has 4,921 firework plants, scattered across 20 provinces and regions, said a State Administration of Work Safety statement. The administration will continue with its targeted crackdown to ...
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IKEA to build new outlet in NW China
/enpproperty--> XI'AN - The world's largest furniture retailer IKEA will open an outlet in Xi'an, capital of northwest China's Shaanxi province, according to a Xi'an municipal government statement. The outlet as well as its logistics center will be located in Fengdong new town in Xi'an, the statement said. "We will sign an agreement with IKEA in early ...
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Frances Air liquide wins gas contract in China
/enpproperty--> PARIS - French energy company Air Liquide announced on Friday a long-term deal to supply industrial gas to the private Chinese group Fujian Shenyuan. "Under the terms of the contract, Air Liquide will invest in an industrial gases complex of eight units including an Air Separation Unit of 2,000 tons of oxygen per day, a Gasification unit, a Purification unit of synthesis ...
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China to sign free trade deal with Switzerland
Chinese Premier Li Keqiang, left, and Swiss Economy Minister Johann Schneider-Ammann smile during their visit to Guldenberg farm in the village of Embrach north of Zurich on May 24, 2013. Their two nations are poised to sign a comprehensive free trade pact. (Arnd Wiegmann ...
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Urbanization Is Making China Wealthy— But Is It Sustainable
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 ...
Beijing Feature
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Massive Beijing Subway expansion plans
The Beijing Subway is one of the biggest, most efficient and most used subways in the world. It is constantly undergoing expansion and upgrades, and yet is unable to keep up with the growth of the capital city. With the recently announced plans for the expansion of the subway by over 60%, the city will certainly be hard-pushed to meet the massive task.
The Beijing Subway is one of the largest in the world. It carries over 5 million people every day, and hundreds of trains run on 228kms of track and service 147 stations. It is a feat of engineering, planning and coordination every single day. It is a network that Beijing commuters should be proud of, it represents the forward-thinking and development of the city. Read more
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