Saturday, December 28, 2013

The Walmart China Strategy

Greg Foran, CEO of Walmart China: Make Every Effort to Reshape Price Leadership (via PR Newswire Asia)

BEIJING, Dec. 25, 2013 /PRNewswire/ -- Recently, Greg Foran, President and CEO of Walmart China visited Walmart Qinghe store in Beijing and stated that in the past 18 months, Walmart has made great strides in reducing merchandising and operation costs…

Tuesday, December 17, 2013

Global and China Automotive Audio and Infotainment Industry Report, 2013

Global and China Automotive Audio and Infotainment Industry Report, 2013 (via PR Newswire)

NEW YORK, Dec. 17, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Global and China Automotive Audio and Infotainment Industry Report, 2013 http://www.reportlinker.com/p0210901/Global-…

Monday, December 16, 2013

Economist Mouths Off: Gets Fired From Peking University

US educators: Engage China, but defend freedom (via The Christian Science Monitor)

At his home in Beijing Oct. 21, Xia Yeliang, a pro-democracy economist, points at a dismissal notice from Peking University, where he taught for more than a decade. (Kyodo) Despite their proud assertion of the "great renaissance of the Chinese nation…

Friday, December 13, 2013

China Best Employer Awards Event

Zhaopin.com CEO Presents Report on China's Job Market at China Best Employer Awards Event (via PR Newswire)

Report shows that "Workplace Maslow Effect" raises concerns for China's employers Download image Zhaopin.com Announces China's Top 10 Best Employers Awards Winners 2013. (PRNewsFoto/Zhaopin.com) BEIJING, Dec. 13, 2013 /PRNewswire/ -- The Zhaopin.com…

Wednesday, December 4, 2013

A China corruption trial

China anti-corruption activists go on trial (via AFP)

Three Chinese anti-corruption activists who unfurled banners calling for government officials to declare their assets stood trial Tuesday for "illegal assembly", a lawyer said, despite an official campaign against graft. An anti-corruption drive championed…

Monday, December 2, 2013

Is a Canadian engineer a Chinese spy?

China dismisses Canada spy allegations (via AFP)

Beijing on Monday dismissed as "groundless" allegations that a Canadian naval engineer is a Chinese spy. Qing Quentin Huang, 53, was charged at the weekend under Canada's Security of Information Act with two counts of attempting to communicate classified…

Monday, November 25, 2013

China: Deep in Cotton

Cotton traders worry about potential China reserves sale (via Futures Magazine)

By Jack Scoville November 25, 2013 • Reprints COTTON (NYBOT:CTH14) General Comments: Futures closed mostly lower on China demand worries as traders waited for word on the potential Chinese sales from government reserves. China could delay the announcement…

Friday, November 22, 2013

China tests its drone

China tests first stealth combat drone: media (via AFP)

China has tested its first stealth combat drone, state media said Friday, citing online photos of an aircraft resembling a shrunken US B2 bomber and hailing the advance toward Western-level technology. The test flight of the "Sharp Sword" unmanned aircraft…

Thursday, November 21, 2013

SAP Transportation Management in China

SAP Fast Tracks Urban Transportation Management in China (via PR Newswire)

Pilot of Urban Taxi Information Management System Built on the SAP HANA® Platform Kicks Off in China Download image SAP Logo. (PRNewsFoto/SAP AG) BEIJING, Nov. 20, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced a pilot of a platform that…

Wednesday, November 20, 2013

HP Wireless Partnership in China

China Mobile Selects HP to Power Search for Key Wireless City Initiative (via MarketWired)

SOURCE: HP November 20, 2013 07:45 ET HP Autonomy Delivers Enhanced User Experience for Strategic Wireless City Initiative at World's Largest Telecom Provider PALO ALTO, CA--(Marketwired - Nov 20, 2013) - HP (NYSE: HPQ) -- HP Autonomy today announced…

Tuesday, November 19, 2013

The Chinese Tourism Industry

China Tourism Industry Report, 2013-2017 (via SBWire)

Naperville, IL -- (SBWIRE) -- 11/19/2013 -- Reportstack, provider of premium market research reports announces the addition of China Tourism Industry Report, 2013-2017 market report to its offering China tourism market has gained momentum in recent…

Monday, November 18, 2013

The China Demographic Problem

China one-child law change small but crucial, say experts (via AFP)

Beijing's relaxation of its hugely controversial one-child policy is an attention-grabbing first step, but it will have to usher in greater changes if China is to tackle its looming demographic timebomb, experts say. According to a Communist Party announcement…

Saturday, November 16, 2013

The UN and China are slow in responding to the typhoon-ravaged Philippines

Aircraft carrier steams in to Philippines as UN admits failings (via AFP)

The United States said relief channels were belatedly opening up in the typhoon-ravaged Philippines on Thursday as the UN admitted it had not acted quickly enough to help survivors. The aircraft carrier USS George Washington arrived off the Philippines…

Thursday, November 14, 2013

China tells the world nothing

China's Third Party Plenum — a masterpiece of vagueness (via GlobalPost)

Enlarge Two paramilitary policemen guard behind a fire extinguisher at Tiananmen Square outside the Great Hall of the People, where the Communist Party's 205-member Central Committee gathered for its third annual plenum on November 12, 2013 in Beijing…

Wednesday, November 13, 2013

NQ Mobile Announces Third Quarter Financials

NQ Mobile Inc. Announces Third Quarter 2013 Results (via PR Newswire Asia)

BEIJING and DALLAS, November 13, 2013 /PRNewswire/ -- NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ), a leading global provider of mobile Internet services, today announced its unaudited financial results for the third quarter ended September…

Tuesday, November 12, 2013

A case of Chinese bitcoin fraud

Fraud at this Chinese bitcoin exchange cost clients $4.1M. Here’s why the broader market barely noticed (via Pando Daily)

By Michael Carney On November 11, 2013Bitcoin has come a long way in the last year, but it’s still the wild west in terms of regulation and market stability. China, too, has come a long way economically in recent decades, but remains largely unregulated…

Monday, November 11, 2013

WSJ: Riding China's Expanding Subways

Riding China's Expanding Subways (via Wall Street Journal Digital Network)

China is building subway systems faster than anywhere else. James T. Areddy looks at how China's government regards the expensive infrastructure as an investment in smarter cities. Click here to subscribe to our channel: http://bit.ly/14Q81Xy Visit…

Saturday, November 9, 2013

China's Reform Summit

China leaders start key economic 'reform' summit (via AFP)

China's ruling Communist Party began a key meeting Saturday to dictate the direction of the world's second-biggest economy for the next decade. The official Xinhua news agency said the gathering of the party Central Committee would discuss a draft document…

Tuesday, March 12, 2013

Shanghai Gold Exchange Sees Volumes Soar

Shanghai Gold Exchange Sees Volumes Jump 24% 


 "The strong physical demand in China is the main reason behind gold's resilience," a Beijing-based trader told Reuters.




Monday, March 11, 2013

China's "Hot Money"




Why is this chart important? Well, China may now be sitting on a inflationary macro cycle about to get out of control.

The Financial Times has reported that China’s central bank reported that companies and individuals sold Rmb 684 billion ($109 billion) worth of foreign exchange and bought an equivalent amount of Chinese currency in January 2013 --- a record for a single month.

Friday, March 8, 2013

China warns over currency wars

via Financial Times:

China warns over fresh currency tensions 

Competitive devaluations will hurt emerging nations, says Beijing





Thursday, February 28, 2013

Japan Warns About Toxic Smog From China







via Japan Times:

"Authorities will urge residents to stay indoors if the level of toxic smog spreading to Japan from China is expected to exceed twice the maximum limit set by the central government, officials said."

Thursday, February 21, 2013

Bo Xilai is not eating his vegetables

Disgraced former senior Chinese leader Bo Xilai is refusing to cooperate with a government investigation and has staged a hunger strike.




article

Monday, February 11, 2013

Chinese Economics: Buy American!


From the Wall Street Journal, apparently it is open season again for the Chinese to buy U.S. companies and assets again.

A123 Systems was recently purchased for $257 million as just one example of the buying spree that will continue. According to Pin Ni, president of Wanxiang America: "You just need to understand the rules."

Thursday, February 7, 2013

China: Japan Guilty of Smear Campaign

VOA News
 
China has accused Japan of trying to "smear" Beijing's image, after Tokyo alleged a Chinese warship locked its weapons-targeting radar on a Japanese vessel near disputed islands.




Wednesday, February 6, 2013

China concerned about North Korea

"China is extremely concerned by the way things are going. We oppose any behavior which may exacerbate the situation and any acts which are not beneficial towards the denuclearization of the Korean peninsula. We call on all the relevant sides to remain calm and exercise restraint and earnestly work hard to maintain peace and stability in the Korean peninsula." --- Foreign Ministry spokeswoman Hua Chunying




Thursday, January 31, 2013

Billionaires, hackers, the Chinese and The New York Times

Chinese hackers took notice to stories in 2012 about communist billionaires written about by newspapers like The New York Times and blogs like ThinkBillions.

The hack attacks began after the newspaper published "Billions in Hidden Riches For Family of Chinese Leader" on October 25, 2012, identifying the significant accumulated wealth of the family of Chinese prime minster Wen Jiabao.

Symantec, the software security company, has gone into corporate-pr damage-control mode over failure to block hackers on Times corporate pc's.

Stay tune for future hack attack updates.

Monday, January 28, 2013

Caterpillar's financial sink hole in China




"Investors should always be concerned when a company has to write off [more than 80%] of the price paid for an asset." ---Ann Duignan, J.P. Morgan Chase & Co.


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Thursday, January 24, 2013

Japan Detains Chinese Fishing Boat


The boat, registered in Zhejiang province in eastern China, was found in waters near Goto, in Nagasaki prefecture in southern Japan, Xinhua said. The captain was being taken ashore following questioning.

In recent weeks Japanese military planes have scrambled numerous times against Chinese planes approaching airspace over the islands. Chinese planes have also shadowed Japanese planes elsewhere over the East China Sea.

The Chinese fishing fleet are ranging further and further offshore as fishing stocks near the Chinese mainland are depleted. Their presence in Japanese territory and in disputed waters is contributing to friction between the two Asian economic powerhouses, whose maritime borders are not defined.

In a similar case in late December, Japanese authorities stopped a fishing boat registered in the Chinese coastal province of Fujian, and detained its captain.

Tuesday, January 22, 2013

Chinese man keeps himself alive for 13 years with HOMEMADE dialysis machine







•Hu Songwen built his machine after he could no longer afford hospital bills
•He said two of his friends had died after building and using similar machines
•Offered Government medical aid after story went national, but says nearest hospital is too far away and too crowded


article

Thursday, January 17, 2013

Wednesday, January 16, 2013

China: Not bullish on US bonds or debt





“In line with the future US economic recovery, the appeal of US debt is weakening. From a long-term perspective, it is not a good investment target. For this reason, CIC’s method is to buy relatively less US debt with hopes of allocating more to stocks and other assets,” - Lou Jiwei, chairman of sovereign wealth fund manager China Investment Corporation (CIC)

Tuesday, January 15, 2013

China calls record pollution: smog





Li Keqiang, set to become China’s next premier, called for the nation’s citizens to have patience as authorities work to reduce pollution in the world’s second- biggest economy.

“Production, construction, consumption cannot come at the price of hurting the environment,” Li said in comments broadcast by state radio yesterday. “The current situation wasn’t created in one or two days, it accumulated over a long time. Solving this problem will also be a long-term process.”



Bloomberg article

Monday, January 14, 2013

Yum Brands apologizes for chicken that is not so yummy






The Yum Brands' chief in China has apologized to KFC customers after the new media called it to task for failing to address problems quickly after major concerns were raised about antibiotics found in its chicken products.

Wednesday, January 9, 2013

China: The New Huge Net Importer of Rice

As reported in the WSJ: "China's demand for foreign rice is soaring, turning the country into a net importer of the grain and prompting analysts to take a closer look at the nation's stockpiles."

Thursday, January 3, 2013

Chinese Money Flies the Friendly Skies



It is being found by airport agents in "wallets, purses and suitcases at airports across North America." What is? Cash. Good old cold hard cash. Call it diversified financial planning by some of the richer Chinese able to do so.



article: Chinese Fly Cash West

Wednesday, January 2, 2013

Chinese man marries, gets $150 million



Chinese businessman Wu Duanbiao was so happy that his daughter got married this weekend, he gave her and her new husband $150 million as a sign of his best wishes.

article