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China
Who will blink first in iron ore price talks deadlock?
Fri, 03 Jul 2009 17:50:08 +0800
The stand-off between China's steel mills and the world's major iron ore miners continues three days after the June-30 deadline to agree ore prices for the next 12 months. But who will blink first in the ongoing guessing game over how the global economic slowdown will affect the future of supply and demand? The side with the best view of future prices will win the negotiations, say analysts. Both the China Iron and Steel Association (CISA), which heads the talks on behalf ...
Hong Kong stocks close 0.14% slightly higher
Fri, 03 Jul 2009 17:49:07 +0800
Hong Kong stocks went up 25.35 points, or 0.14 percent to close at 18,203.40 on Friday. Turnover moved down to 54.29 billion HK dollars (7.01 billion U. S. dollars) from Thursday's 68.38 billion HK dollars (8.83 billion U.S. dollars). &$&$Source: Xinhua&$&$ ...
China opposes imposing carbon tariffs on imported products
Fri, 03 Jul 2009 17:46:02 +0800
A proposal for charging carbon tariffs towards imported products will breach the rules of the World Trade Organization and the spirit of Kyoto Protocol, Yao Jian, spokesman of the Ministry of Commerce (MOC), said Friday in Beijng. Imposing carbon tariffs on foreign products will allow developed countries to conduct trade protection in the name of protecting the environment, said Yao in a statement posted on the website of the MOC Friday. The concept of "carbon tariffs", initiall ...
Shanghai blames unbalanced groundwork for building collapse, promises severe penalties
Fri, 03 Jul 2009 16:53:01 +0800
Shanghai authorities on Friday announced the technical causes for the collapse last Saturday of an apartment building under construction, saying whoever was found responsible for the deadly accident would be "severely penalized." The "Lotus Riverside" compound of Minhang District collapsed because its groundwork was unbalanced with piles of earth mounting on its northern side, and a 4.6-meter-deep pit on its south where an underground garage was being built, a municipal government spokes ...
China opposes imposing carbon tariffs on imported products
Fri, 03 Jul 2009 16:51:50 +0800
A proposal for charging carbon tariffs towards imported products will breach the rules of the World Trade Organization and the spirit of Kyoto Protocol, Yao Jian, spokesman of the Ministry of Commerce (MOC), said in Beijing Friday. Imposing carbon tariffs on foreign products will allow developed countries to conduct trade protection in the name of protecting the environment, said Yao in a statement posted on the website of the MOC Friday. The concept of "carbon tariffs", initiall ...
Japanese media claims China concerned about Japan's nuclear armament
Fri, 03 Jul 2009 16:46:28 +0800
Some people in Japan have advocated adopting nuclear arms and attacking enemy bases following DPRK's nuclear test and missile launch, according to a report by Kyodo News Agency on July 2 reported by Global Times correspondent Zhao Xueliang. The report also said that officials involved in China-US relations have disclosed that China's Foreign Minister Yang Jiechi expressed his concerns over the issue to his Japanese counterpart Hirofumi Nakasone at a talk held in Tokyo in June. China has a ...
The Economist: China's economy
Chinese aid to Africa: Spreading its bets, and its gold
Thu, 02 Jul 2009 10:54:20 -0000
Beijing finds new friends in ZimbabweCHINA has had friendly ties with Robert Mugabe, Zimbabwe’s president, since his days as a Maoist guerrilla leader fighting white rule in the 1970s. Decades later, as he suppressed the opposition and ruined his country, China helped to protect him from sanctions at the United Nations, sold him weapons and even built his palace. But its favour, never unconditional, seems to be shifting.On June 30th it was Mr Mugabe’s biggest foe, Morgan Tsvangirai—with whom he has awkwardly shared power in a unity government since February—who announced that China had offered Zimbabwe $950m in loans. This is well in excess of the nearly $500m Mr Tsvangirai said he had obtained in pledges of various kinds during a tour of Western capitals. ...
Chinese IPOs resume: Thirst-quenching
Thu, 25 Jun 2009 11:45:57 -0000
After a long period of inactivity, China’s equity market reopensIT IS like a downpour after a drought. In 2007 and early 2008, hundreds of Chinese companies worked feverishly with accountants and bankers to prepare for initial public offerings. Their work came to nothing. Collapsing share prices, a contracting economy, unrealistic expectations on the part of sellers and, finally, restrictions from regulators crushed the IPO market. Now the companies and bankers that have managed to survive a brutal year are once again seeking capital, through listings on bourses in the mainland and beyond. The first raindrop in China has been Guilin Sanjin, a manufacturer of Chinese medicine, which is expected to issue shares on June 29th on the Shenzhen Stock Exchange, the market for the country’s smaller companies. The size of the offering is likely to be a bit under $100m—a mere rounding error compared to the mega-deals of two or three years ago, but a sign, nonetheless, that business has resumed. ...
Consumer spending in Asia: Shopaholics wanted
Thu, 25 Jun 2009 11:45:57 -0000
Can Asians replace Americans as a driver of global growth?ASIA’S emerging economies are bouncing back much more strongly than any others. While America’s industrial production continued to slide in May, output in emerging Asia has regained its pre-crisis level (see chart 1). This is largely due to China; but although production in the region’s smaller economies is still well down on a year ago, it is rebounding in those countries too. Taiwan’s industrial output rose by an annualised 80% in the three months to May compared with the previous three months. JPMorgan estimates that emerging Asia’s GDP has grown by an annualised 7% in the second quarter. Asia’s ability to decouple from America reflects the fact that the region’s downturn was caused only partly by the slump in American activity. In most Asian economies falling domestic demand was more important than the drop in net exports in explaining the collapse in GDP growth. The surge in food and energy prices in the first half of 2008 squeezed profits and spending power. Tighter monetary policy aimed at curbing inflation then further choked domestic demand. ...
Sinopec buys Addax: Bottom of the barrel
Thu, 25 Jun 2009 11:45:56 -0000
A Chinese oil firm buys an exploration outfit willing to drill almost anywhereMOST firms making an acquisition want, at the very least, to buy assets protected by strong legal systems in stable countries. But when it comes to buying natural resources, China’s large state-controlled enterprises have found themselves blocked in whole or part from countries offering precisely those virtues because of concerns about their own operating practices. As a result, China’s desperate hunt for energy to feed its vast industrial economy is focusing on trickier locations. On June 24th a subsidiary of the China Petroleum & Chemical Corporation (Sinopec) announced plans to buy Addax Petroleum, a Swiss company which has listings in Toronto and London and drilling rights in Iraq, Gabon and Nigeria.The deal is worth $9 billion including the assumption of debt. If it succeeds (it has already been accepted by Addax’s management), it will be the biggest takeover of a foreign firm by a Chinese one. Sinopec calls it “transformational”, but in reality it is merely the latest and largest of many similar deals. In December, for example, another Sinopec subsidiary spent $2 billion to acquire Tanganyika Oil, which, like Addax, trades on the Toronto Exchange. Tanganyika produces 23,000 barrels a day, one-sixth of Addax’s current production. ...
China’s predicament
Thu, 25 Jun 2009 11:45:56 -0000
Getting old before getting richTHE Beijing Ren Ai Geracomium is set in a drab, dusty village just outside the Chinese capital. Grouped round a pleasant garden, this old people’s home for about 80 residents, aged from 50 to 96, is unusual in several respects. Its private owner is a Christian, and the home has a small chapel where the handful of Christian residents, along with other people of that faith living in the area, gather for Sunday services. The home is run as a commercial enterprise, but Hu Wenru, its deputy director, says that since it opened three years ago it has been only gradually building up business and is not yet making a profit. Still, the owner is already preparing to launch a second one with 300 beds in the next village, so he must be confident of success.The main thing that makes Ren Ai unusual is that it exists at all. Old people’s homes are a rarity in China, catering for only about 1% of the over-65s, far less than in most Western countries. The vast majority of older Chinese live with their families. Care for the old within the family is not only a cultural expectation, based on the Confucian tradition of respect for age and experience; under a law passed in 1996 it is also a legal obligation. Elderly people have been known to sue their families for maintenance if they fail to comply. ...
BRICs, emerging markets and the world economy: Not just straw men
Thu, 18 Jun 2009 10:46:23 -0000
The biggest emerging economies are rebounding, even without recovery in the WestTHE inaugural summit of the BRICs—Brazil, Russia, India, China—came and went in Yekaterinburg this week with more rhetoric than substance. Although Russia’s president, Dmitry Medvedev, called it “the epicentre of world politics”, this disparate quartet signally failed to rival the Group of Eight industrial countries as a forum for economic discussion. But that should be no surprise: to realise how disparate they are, consider that Russia and Brazil are big commodity exporters, whereas China is a big commodity importer; China is a proponent of the Doha trade round, India a sceptic; India and China vie for influence in the Indian Ocean, Russia and China compete in Central Asia. ...
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Who will blink first in iron ore price talks deadlock?
Fri, 03 Jul 2009 17:50:08 +0800
The stand-off between China's steel mills and the world's major iron ore miners continues three days after the June-30 deadline to agree ore prices for the next 12 months. But who will blink first in the ongoing guessing game over how the global economic slowdown will affect the future of supply and demand? The side with the best view of future prices will win the negotiations, say analysts. Both the China Iron and Steel Association (CISA), which heads the talks on behalf ...
Hong Kong stocks close 0.14% slightly higher
Fri, 03 Jul 2009 17:49:07 +0800
Hong Kong stocks went up 25.35 points, or 0.14 percent to close at 18,203.40 on Friday. Turnover moved down to 54.29 billion HK dollars (7.01 billion U. S. dollars) from Thursday's 68.38 billion HK dollars (8.83 billion U.S. dollars). &$&$Source: Xinhua&$&$ ...
China opposes imposing carbon tariffs on imported products
Fri, 03 Jul 2009 17:46:02 +0800
A proposal for charging carbon tariffs towards imported products will breach the rules of the World Trade Organization and the spirit of Kyoto Protocol, Yao Jian, spokesman of the Ministry of Commerce (MOC), said Friday in Beijng. Imposing carbon tariffs on foreign products will allow developed countries to conduct trade protection in the name of protecting the environment, said Yao in a statement posted on the website of the MOC Friday. The concept of "carbon tariffs", initiall ...
Shanghai blames unbalanced groundwork for building collapse, promises severe penalties
Fri, 03 Jul 2009 16:53:01 +0800
Shanghai authorities on Friday announced the technical causes for the collapse last Saturday of an apartment building under construction, saying whoever was found responsible for the deadly accident would be "severely penalized." The "Lotus Riverside" compound of Minhang District collapsed because its groundwork was unbalanced with piles of earth mounting on its northern side, and a 4.6-meter-deep pit on its south where an underground garage was being built, a municipal government spokes ...
China opposes imposing carbon tariffs on imported products
Fri, 03 Jul 2009 16:51:50 +0800
A proposal for charging carbon tariffs towards imported products will breach the rules of the World Trade Organization and the spirit of Kyoto Protocol, Yao Jian, spokesman of the Ministry of Commerce (MOC), said in Beijing Friday. Imposing carbon tariffs on foreign products will allow developed countries to conduct trade protection in the name of protecting the environment, said Yao in a statement posted on the website of the MOC Friday. The concept of "carbon tariffs", initiall ...
Japanese media claims China concerned about Japan's nuclear armament
Fri, 03 Jul 2009 16:46:28 +0800
Some people in Japan have advocated adopting nuclear arms and attacking enemy bases following DPRK's nuclear test and missile launch, according to a report by Kyodo News Agency on July 2 reported by Global Times correspondent Zhao Xueliang. The report also said that officials involved in China-US relations have disclosed that China's Foreign Minister Yang Jiechi expressed his concerns over the issue to his Japanese counterpart Hirofumi Nakasone at a talk held in Tokyo in June. China has a ...
The Economist: China's economy
Chinese aid to Africa: Spreading its bets, and its gold
Thu, 02 Jul 2009 10:54:20 -0000
Beijing finds new friends in ZimbabweCHINA has had friendly ties with Robert Mugabe, Zimbabwe’s president, since his days as a Maoist guerrilla leader fighting white rule in the 1970s. Decades later, as he suppressed the opposition and ruined his country, China helped to protect him from sanctions at the United Nations, sold him weapons and even built his palace. But its favour, never unconditional, seems to be shifting.On June 30th it was Mr Mugabe’s biggest foe, Morgan Tsvangirai—with whom he has awkwardly shared power in a unity government since February—who announced that China had offered Zimbabwe $950m in loans. This is well in excess of the nearly $500m Mr Tsvangirai said he had obtained in pledges of various kinds during a tour of Western capitals. ...
Chinese IPOs resume: Thirst-quenching
Thu, 25 Jun 2009 11:45:57 -0000
After a long period of inactivity, China’s equity market reopensIT IS like a downpour after a drought. In 2007 and early 2008, hundreds of Chinese companies worked feverishly with accountants and bankers to prepare for initial public offerings. Their work came to nothing. Collapsing share prices, a contracting economy, unrealistic expectations on the part of sellers and, finally, restrictions from regulators crushed the IPO market. Now the companies and bankers that have managed to survive a brutal year are once again seeking capital, through listings on bourses in the mainland and beyond. The first raindrop in China has been Guilin Sanjin, a manufacturer of Chinese medicine, which is expected to issue shares on June 29th on the Shenzhen Stock Exchange, the market for the country’s smaller companies. The size of the offering is likely to be a bit under $100m—a mere rounding error compared to the mega-deals of two or three years ago, but a sign, nonetheless, that business has resumed. ...
Consumer spending in Asia: Shopaholics wanted
Thu, 25 Jun 2009 11:45:57 -0000
Can Asians replace Americans as a driver of global growth?ASIA’S emerging economies are bouncing back much more strongly than any others. While America’s industrial production continued to slide in May, output in emerging Asia has regained its pre-crisis level (see chart 1). This is largely due to China; but although production in the region’s smaller economies is still well down on a year ago, it is rebounding in those countries too. Taiwan’s industrial output rose by an annualised 80% in the three months to May compared with the previous three months. JPMorgan estimates that emerging Asia’s GDP has grown by an annualised 7% in the second quarter. Asia’s ability to decouple from America reflects the fact that the region’s downturn was caused only partly by the slump in American activity. In most Asian economies falling domestic demand was more important than the drop in net exports in explaining the collapse in GDP growth. The surge in food and energy prices in the first half of 2008 squeezed profits and spending power. Tighter monetary policy aimed at curbing inflation then further choked domestic demand. ...
Sinopec buys Addax: Bottom of the barrel
Thu, 25 Jun 2009 11:45:56 -0000
A Chinese oil firm buys an exploration outfit willing to drill almost anywhereMOST firms making an acquisition want, at the very least, to buy assets protected by strong legal systems in stable countries. But when it comes to buying natural resources, China’s large state-controlled enterprises have found themselves blocked in whole or part from countries offering precisely those virtues because of concerns about their own operating practices. As a result, China’s desperate hunt for energy to feed its vast industrial economy is focusing on trickier locations. On June 24th a subsidiary of the China Petroleum & Chemical Corporation (Sinopec) announced plans to buy Addax Petroleum, a Swiss company which has listings in Toronto and London and drilling rights in Iraq, Gabon and Nigeria.The deal is worth $9 billion including the assumption of debt. If it succeeds (it has already been accepted by Addax’s management), it will be the biggest takeover of a foreign firm by a Chinese one. Sinopec calls it “transformational”, but in reality it is merely the latest and largest of many similar deals. In December, for example, another Sinopec subsidiary spent $2 billion to acquire Tanganyika Oil, which, like Addax, trades on the Toronto Exchange. Tanganyika produces 23,000 barrels a day, one-sixth of Addax’s current production. ...
China’s predicament
Thu, 25 Jun 2009 11:45:56 -0000
Getting old before getting richTHE Beijing Ren Ai Geracomium is set in a drab, dusty village just outside the Chinese capital. Grouped round a pleasant garden, this old people’s home for about 80 residents, aged from 50 to 96, is unusual in several respects. Its private owner is a Christian, and the home has a small chapel where the handful of Christian residents, along with other people of that faith living in the area, gather for Sunday services. The home is run as a commercial enterprise, but Hu Wenru, its deputy director, says that since it opened three years ago it has been only gradually building up business and is not yet making a profit. Still, the owner is already preparing to launch a second one with 300 beds in the next village, so he must be confident of success.The main thing that makes Ren Ai unusual is that it exists at all. Old people’s homes are a rarity in China, catering for only about 1% of the over-65s, far less than in most Western countries. The vast majority of older Chinese live with their families. Care for the old within the family is not only a cultural expectation, based on the Confucian tradition of respect for age and experience; under a law passed in 1996 it is also a legal obligation. Elderly people have been known to sue their families for maintenance if they fail to comply. ...
BRICs, emerging markets and the world economy: Not just straw men
Thu, 18 Jun 2009 10:46:23 -0000
The biggest emerging economies are rebounding, even without recovery in the WestTHE inaugural summit of the BRICs—Brazil, Russia, India, China—came and went in Yekaterinburg this week with more rhetoric than substance. Although Russia’s president, Dmitry Medvedev, called it “the epicentre of world politics”, this disparate quartet signally failed to rival the Group of Eight industrial countries as a forum for economic discussion. But that should be no surprise: to realise how disparate they are, consider that Russia and Brazil are big commodity exporters, whereas China is a big commodity importer; China is a proponent of the Doha trade round, India a sceptic; India and China vie for influence in the Indian Ocean, Russia and China compete in Central Asia. ...
AIDS in China - Article on the history and patterns of the spread of the disease.
Meta Description: [ HIV and AIDS in China - the statistics, history, provincial epidemics, treatment issues and transmission routes including drug use and infected blood. ]
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China Healthcare Market Research Service - A professional market research and business consulting agency focused on health care and pharmaceuticals industry in China.
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