Latest Beijing News
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In China No Monetary Stimulus Weakening Economy
Down it goes Investors have learned two things since 2008; don't fight the Fed is one of them. The other is to invest in stimulus. Big stimulus. None of this tax break stuff to one or two sectors. We are talking bazillions thrown at the entire economy coupled with market friendly monetary policy. China has done nothing of the sort since 2010. And as a result, the market has shunned ...
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Chinas Favorite U.S. States In 2012
Who would have known it? China is buying Made in the U.S.A. Many sectors and states from across the country are selling more to China these days. In fact, between 2003 and 2012 total exports to China rose 294%, an increase of nearly $81 billion. Forty-two states have achieved triple-digit export growth to China since 2003, and four states experienced quadruple-digit growth over the same period ...
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Beijing authorities on the alert for floods
/enpproperty--> Waterproof walls will be set up outside pits for the construction of new subway lines as authorities in Beijing brace for a possible repetition of last year's floods that killed 77 people. In a regulation issued on Thursday, the Beijing Municipal Commission of Housing and Urban-Rural Development ordered that all the 307 construction pits must have waterproof walls to ...
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HSBC China’s net profit up 8.6 in 2012
/enpproperty--> HSBC Bank (China)'s net profit increased 8.6 percent year-on-year in 2012 to 4.48 billion yuan ($723.57 million), according to the lender's financial report released on Wednesday. By the end of 2012, the total value of loans of HSBC Bank (China) reached 131.9 billion yuan, up 18.6 percent year-on-year, while the total value of deposits was at 182.3 billion yuan, up ...
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DPRK willing to accept Chinas advice
/enpproperty--> BEIJING - The Democratic People's Republic of Korea (DPRK) has agreed to accept China's advice by participating in dialogue with relevant parties, after senior Chinese leader Liu Yunshan met with a DPRK special envoy. Liu, a member of the Standing Committee of the Political Bureau of the Chinese Communist Party (CPC) Central Committee, met in the Great Hall of the ...
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Willing to take Chinas advice to start talks North Korea says
BEIJING: North Korea is willing to take China's advice and enter into talks, Chinese state television cited an envoy of North Korean leader Kim Jong-un as saying, following weeks of tension on the Korean peninsula after the North's latest nuclear test. However, that prospect seems unlikely as North Korea has repeatedly said it will not abandon nuclear weapons while the United States ...
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Global markets fall on news from Fed China PMI
USA The Japanese Nikkei lost 7.3 percent on Thursday, the worst loss in over two years, after China released unexpectedly weak Flash PMI accompanied by hints that the US Federal Reserve could shut down its stimulus program in ...
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US STOCKS SNAPSHOT-Wall St falls at open on stimulus worry China data
NEW YORK | Thu May 23, 2013 9:37am EDT NEW YORK May 23 (Reuters) - U.S. stocks fell at the open on Thursday, putting the S&P 500 on track for its first back-to-back daily drop in a month, on concerns the U.S. Federal Reserve's stimulus measures may be scaled back sooner than hoped and over weak data in China. The Dow Jones industrial average fell 75.55 points, or 0.49 percent, to ...
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The Big news overnight came from China
Good day. And a Tub Thumpin' Thursday to you! What the heck was I thinking, was running through my mind when the alarm went off this morning. In an attempt to relieve Chris from having to write the Pfennig this morning, I told him not to worry about it, I would write it.. All the time knowing that my flight from Houston wasn't getting in until very, very late.. And that was before all ...
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China formally approves Boeings Dreamliner for use
BEIJING | Thu May 23, 2013 9:32am EDT BEIJING May 23 (Reuters) - China's civil aviation regulator on Thursday formally approved Boeing Co's 787 Dreamliner for use in the country, clearing the way for Chinese airlines to start operating the aircraft, which has been plagued with problems. The regulator made the announcement in a short statement on its website (www.caac.gov.cn), ...
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US report warns on Chinas massive IP theft
WASHINGTON: The "unprecedented" theft of American intellectual property (IP) is costing the nation a whopping % 300 billion annually and the main culprit is China, according to a study which recommended sanctions as tough as those used to combat terrorism and drug trafficking. "The scale of international theft of American intellectual property is unprecedented -- hundreds of ...
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PRECIOUS-Gold up as dollar shares slide after China Europe data
* U.S. dollar falls 0.5 percent vs basket of currencies * China PMI shrinks for first time in 7 months * U.S. weekly jobless claims at 1230 GMT eyed (Updates prices) By Clara Denina LONDON, May 23 (Reuters) - Gold bounced back on Thursday from the previous session's losses as the dollar fell sharply and European shares dropped after weak economic data in China and Europe. A euro ...
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COMMODITIES-Metals oil bruised by China PMI gold bounces
Thu May 23, 2013 9:18am EDT * Copper falls as much as 3 pct, oil down for third day * Gold bounces, grains shake off weakness on strong demand * China PMI shrinks for first time in 7 months-HSBC * Euro zone PMI signals economy to shrink in Q2 (Adds details, quotes; updates prices) By Eric Onstad and Manolo Serapio Jr LONDON/SINGAPORE, May 23 (Reuters) - Copper slid 3 percent and oil dropped ...
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Global Stocks Slip on Signs of Economic Stress in China and Japan
HONG KONG ...
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China survive Indonesia scare in Sudirman Cup
KUALA LUMPUR (AFP) - Defending champions China had to dig deep to avoid a surprise defeat to Indonesia, winning 3-2 on Thursday in the quarter-finals of the Sudirman Cup.Two days after whipping their arch rivals 5-0 in a group match, China, who have not lost a tie since falling 2-3 to South Korea in the 2003 final, were stunned by a determined and gallant Indonesian outfit.But Chinese supremo Li ...
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METALS-Copper falls after China factory data hits recovery hopes
Thu May 23, 2013 8:47am EDT * HSBC China flash PMI falls to seven-month low of 49.6 * Worries of early end to bond buying also hurt sentiment By Eric Onstad and Rosalba O'Brien LONDON, May 23 (Reuters) - Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed factory activity in top metals consumer China shrank for the first time in seven ...
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Boeing gets 787 clearance in China
Boeing's 787 has been cleared for use in China. Airlines in China have been cleared to begin using Boeing Co. 787s for commercial service. The Wall Street Journal reports China's aviation regulator cleared the plane on Thursday. Chinese airlines have ordered a total of 35 of the Boeing (NYSE: BA) 787, including 10 each for Hainan Airlines Co. and rival China Southern Airlines ...
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ROK president to visit China spokesman
Republic of Korea (ROK) president Park Geun-Hye will pay a state visit to China in late June at the invitation of her Chinese counterpart Xi Jinping, a Foreign Ministry spokesman said at a Thursday press briefing.Since Park took office, the two heads of state have maintained communication and exchanges through multiple channels, Hong said."We believe that President Park Geun-Hye's ...
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Chinas 13th escort fleet returns from Somali waters
The 13th naval escort squad sent by the Chinese People's Liberation Army Navy to Somali waters has returned home after successfully completing its mission.The fleet, including the frigates Huangshan and Hengyang as well as the supply ship Qinghaihu, arrived at a port in Zhanjiang, a city in south China's Guangdong Province, on Thursday morning.During the 196-day mission in the Gulf of ...
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China Switzerland get more to cooperate on
/enpproperty--> ZURICH, Switzerland - Chinese Premier Li Keqiang's upcoming visit to Switzerland is not only expected to be a great push for bilateral economic exchanges, but also a demonstration of China's resolution in further opening up and participating in multilateral affairs. Switzerland is the third leg of Li's first overseas trip as premier. He's currently on an ...
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5 dead 4 injured in E China road accident
/enpproperty--> JI'NAN - Five people have died and four others were injured in a road accident in East China's Shandong province on Thursday, local authorities said. The accident happened around 4 a.m. on a highway in Chengwu County, sources with the county government said. Two people died on the spot and seven others were injured after a three-wheel motorcycle they were in ...
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China and India should deepen ties
China and India should ignore obstacles created by the West and strengthen cooperation, says an article in the 21st Century Business Herald (excerpts ...
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Whats driving one of Chinas richest men
Wang Jianlin , founder and chairman of closely held Wanda Group and one of the richest men in China, knows how to pack a visitor's itinerary. One day in April, he flies Hawk Koch, president of the Academy of Motion Picture Arts and Sciences, from Beijing to Dalian, a port city on the Yellow Sea, in his Gulfstream G550. Wang is launching an international film festival in Dalian, and ...
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Gold Price Bounces 3 with Silver as Tokyo Stocks Sink China Slows US Fed Discusses Immediately Cutting $85Bn in Monthly QE
pushed higher Thursday morning in London, with silver making the same 3.0% rally from yesterday's sell-off while world stock markets slid and commodities fell.Tokyo's Nikkei index - up by 85% from November - dumped more than 7% after new data showed a surprise contraction in China's manufacturing sector.Private "retail" investors have "abducted" the Japanese ...
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China plans tougher quality standards for coal to tackle pollution
A man stands in front of a house that is surrounded by piles of coal near the town of Dangcheng in Quyang county, located 250 km (155 miles) southwest of Beijing December 7, ...
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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