Two Tibetan monks, woman die in self-immolations
Source: The Hindu
Beijing :: China | updated 2013-04-25 00:36:06 -0700 | business-news
Two Tibetan Buddhist monks and a young woman died in the latest of nearly 120 self-immolation protests in Tibetan areas of south-western China, reports said on Thursday. Monks Lobsang Dawa, 20, and Konchog Woeser, 23, set fire to themselves early...
China Investigates Bond Trading
Source: Asian Wall Street Journal
Beijing :: China | updated 2013-04-24 20:42:56 -0700 | business-news
The move, which follows recent regulatory actions aimed at cutting risks in China's financial system, represents further evidence that authorities are taking seriously the country's mounting debt load, especially funds raised outside of traditional banking channels.
Caixin Online: The three must-nots in China amid belt-tightening
Source: MarketWatch
Beijing :: China | updated 2013-04-24 18:22:54 -0700 | business-news
The days of belt-tightening are finally here. China's latest fiscal data shows that in the first quarter of this year, its public revenues grew by only 6.9%, down 7.8 percentage points from a year earlier. In March, central government revenues...
The New Colossus of Rhodes
Source: Forbes
Beijing :: China | updated 2013-04-24 13:02:53 -0700 | business-news
With great fanfare, Schwarzman announced this week that he was creating a new scholarship program at Tsinghua University in Beijing, which would bear his name. Comparisons to the British colonial tycoon, Cecil John Rhodes, who established the Rhodes Scholars program...
Dairy giant's profits plunge in Q1
Source: China News
Beijing :: China | updated 2013-04-24 06:38:46 -0700 | business-news
The dairy giant said first quarter revenue hit 940 billion yuan ($151 billion), while it was 12.54 million yuan in the red. Sanyuan attributed the performance to McDonald's Beijing, which holds around 50 percent of shares. In 2009, Sanyuan acquired...
HTC launches 3 customized new HTC One models in China
Source: Taiwan News
Beijing :: China | updated 2013-04-24 09:23:19 -0700 | business-news
Taipei, April 24 (CNA) Taiwanese smartphone maker HTC Corp. HTC One models in China this week as part of intensified efforts to gain share in the rapidly growing high-end segment of China 's smartphone market...HTC One models for two other...
There's A Rising Challenge To US Economic Dominance
Source: BusinessInsider
Beijing :: China | updated 2013-04-23 17:55:37 -0700 | business-news
The yet-to-be-named bank is expected to compete with the World Bank and the International Monetary fund, two institutions with power structures based firmly in the United States and Europe. The announcement also serves as yet another sign that the world...
Why Ford and GM Are Rushing SUVs to China
Source: The Motley Fool
Beijing :: China | updated 2013-04-23 16:12:01 -0700 | business-news
At last weekend's Shanghai Auto Show, the answer was pretty clear. While automakers showed a dizzying variety of models, two big trends were pronounced: luxury cars and SUVs. Growth in the overall Chinese new-car market has cooled from the double- and...
Chinese prefer gas-guzzling vehicles?
Source: United Press International
Beijing :: China | updated 2013-04-23 12:58:10 -0700 | business-news
Although exhaust fumes are a major contributor to China's worsening smog, Chinese drivers are increasingly opting for midsized cars and sport utility vehicles. A Chinese model sits in Geely's GX5 on display at the world's biggest automobile show, Auto China...
Baby food story upsets exporters
Source: New Zealand Herald
Beijing :: China | updated 2013-04-23 11:52:15 -0700 | business-news
A stoush has erupted in the lucrative infant formula export industry after Chinese media outlets published articles stating the only "genuine" New Zealand-made formula brands were those belonging to members of a newly formed export association...Guy Wills, general manager of...
Industry faces recovery fight
Source: China News
Beijing :: China | updated 2013-04-23 10:57:31 -0700 | business-news
The country's industry is still in a protracted struggle for recovery and for a shift to better serve domestic consumers, according to information provided by the Ministry of Industry and Information Technology on Tuesday. In the first quarter, industry saw...
China's March crude oil stocks up 2.2%
Source: Chinadaily
Beijing :: China | updated 2013-04-23 02:42:49 -0700 | business-news
China's crude oil inventories rose 2.2 percent month-on-month by the end of March, while stocks of refined oil products fell 1.8 percent in the same period, according to a monthly data report released by the Xinhua News Agency on Tuesday....
Italian textile expo a cut above
Source: Chinadaily
Beijing :: China | updated 2013-04-22 21:43:20 -0700 | business-news
In March 2012, 95 Italian companies took p art in the expo in Beijing and 124 firms participated in an expo in October. There is a large market for Italian textiles in China, and strong interest in the textiles from...
China's external financial assets hit $5.17t
Source: Chinadaily
Beijing :: China | updated 2013-04-22 19:44:54 -0700 | business-news
China's external financial a sse ts expanded 9 percent to reach $5.17 trillion by the end of 2012, the State Administration of Foreign Exchange said Monday...Meanwhile, China's external liabilities rose 13 percent year-on-year to $3.44 trillion, resulting in net external...
CDB bad loan rate at 0.31%
Source: Chinadaily
Beijing :: China | updated 2013-04-22 19:44:47 -0700 | business-news
China Development Bank , the country's policy lender, on Monday said its bad loan rate stood at 0.31 percent at the end of the first quarter. This was the eighth straight year for the bank to see a bad loan...
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