China News

Washington Post | Dec 16, 2011

BEIJING — The United States produces billions of broiler chickens each year, specially bred to be big and juicy, with plump, sturdy feet to hold them up. And for years, all those feet were considered excess parts, and mostly ground into pet food.
But here in China, those same feet are a popular crunchy snack, typically cooked and marinated, and often washed down with a beer. And so, a few years ago, a kind of trade synergy began, with the United States shipping to China all those otherwise worthless chicken feet. The trade grew rapidly, from virtually nothing a decade ago to 377,805...

BBC | Dec 16, 2011

Morning newspaper round-up: China's police agency promises to promote school bus safety by granting "utmost right of way".

Guardian | Dec 16, 2011

Bale was attempting to visit Chen Guangcheng who has been under house arrest in Dongshigu village for 15 monthsHollywood actor Christian Bale was roughed up by Chinese security guards as he attempted to visit a blind legal activist whose detention has sparked a domestic and international outcry, according to reports on Friday. Bale, who plays crime-fighting superhero Batman, and the camera crew from CNN were jostled by men in plain clothes from Dongshigu village in eastern Shandong province, where activist...

People's Daily | Dec 16, 2011

Shanghai's stock market yesterday tumbled for the sixth consecutive day on concerns that China will not ease its monetary policies despite a contraction in manufacturing activities.

The Shanghai Composite Index lost 2.1 percent to end at 2,180.9 points, the lowest since March 16, 2009.

The HSBC Flash China Purchasing Managers' Index touched 49 for December, 1.3 points higher than the 32-month low in November but it is still considered as a contraction, an HSBC report said yesterday. A read ...

People's Daily | Dec 16, 2011

BEIJING, Dec. 16 (Xinhua) -- China held Friday a rally to celebrate the success of the country's first mission of space docking between the target orbiter Tiangong-1 and the Shenzhou-8 spacecraft.

President Hu Jintao, also general secretary of the Communist Party of China (CPC) Central Committee, gave a speech at the meeting.

Members of the Standing Committee of the CPC Central Committee Political Bureau Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang ...

New York Times | Dec 16, 2011

Protests against land seizures continue in the small fishing village of Wukan, in China’s Guangdong Province.

Washington Post | Dec 16, 2011

BEIJING — “Batman” star Christian Bale, in the midst of promoting a film he made in China that some critics have called propaganda, was stopped trying to visit a blind activist living under house arrest — with a CNN crew in tow.
CNN posted footage of a scuffle between Bale and the activist’s guards on its website Friday.
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People's Daily | Dec 15, 2011

China's trade will face "very severe" conditions in the first quarter next year, a spokesman for the Ministry of Commerce said yesterday.

"The external economic climate will become very complicated next year, and exports are set to slow," Shen Danyang said. "We will further accelerate reforms to achieve a better balanced trade and make overall trade remain a positive contribution to the economy."

China's exports grew at their slowest pace in nine months in November due to shrinking oversea ...

People's Daily | Dec 15, 2011

China's luxury sales may grow 25-30 percent this year despite a gradual softening in consumption seen for the fourth quarter, consulting firm Bain & Co said in a report yesterday.

Chinese consumers spent 159.5 billion yuan (US$25.1 billion) on luxury purchases on the Chinese mainland, Hong Kong and Macau in 2010 to rank third-biggest globally after the United States and Japan. Their purchases outside the mainland accounted for 60 percent of their total of 212 billion yuan spent on luxuries ar ...

People's Daily | Dec 15, 2011

GENEVA, Dec. 15 (Xinhua) -- China's recent measures to levy anti-dumping and anti-subsidy duties on the imports of some U.S. autos are consistent with the rules of the World Trade Organization (WTO), a Chinese official said here Thursday.

The measures were taken after China conducted open investigations in accordance with the WTO rules and upon petitions from domestic enterprises, Chinese Commerce Minister Chen Deming told a press conference during the Eighth WTO Ministerial Conference here.
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People's Daily | Dec 15, 2011

Family businesses account for over eighty percent of all private business holdings in China, and now is the critical moment for many of these enterprise owners to pass them on to the next generation.

The All-China Federation of Industry and Commerce (ACFIC) released the China Family Business Development Report on December 12, says the National Business Daily. The report shows the typical family business has a life span of 8.8 years, and 59 percent of them were established after 2001, so they ...

People's Daily | Dec 15, 2011

BEIJING - Foreign direct investment (FDI) fell almost 10 percent last month from a year earlier, the first drop in 28 months, as Vice-Premier Li Keqiang called for a boost to domestic consumption on Thursday.

Amid the "grim and complicated" global outlook, China needs to strengthen market capacity and growth by encouraging private investment, increasing investment in affordable housing projects and accelerating urbanization, Li said.

The vice-premier also called for greater promotion of th ...

People's Daily | Dec 15, 2011

BEIJING - Despite the reshoring of manufacturing activity to the developed economies, China is well on track with the diversification of its industrial structure, moving the focus of foreign direct investment (FDI) from the manufacturing sector, in line with the country's new FDI policy, said government officials.

While labor costs in China continue to rise and the developed nations, including the United States, strengthen their efforts to attract FDI to boost the economy and create jobs, Chi ...

People's Daily | Dec 15, 2011

BEIJING - China's manufacturing sector is expected to maintain its contraction in December, according to the reading of the preliminary HSBC Purchasing Managers' Index (PMI), which came in at 49 on Thursday.

The contraction may prompt the government to alter its policies to those more oriented towards growth.

The estimated PMI is 1.3 points higher than HSBC's final November index of 47.7, which was the sharpest fall since March 2009, indicating that the manufacturing sector is shrinking ...

People's Daily | Dec 15, 2011

BEIJING - The overall risk of China's external debt is limited, but regulators should be alert to the country's rapidly rising short-term external debt, a senior official at the State Administration of Foreign Exchange (SAFE) said on Thursday.

Outstanding external debt has reached $642.5 billion, up $253.3 billion from 2007, before the global financial crisis, according to Li Chao, deputy head of the SAFE.

As the eurozone sovereign debt crisis has worsened, speculation has grown that Chi ...

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