Monday May 20 2013

Content about China

April 9, 2013

Exporters lose $963m in the first quarter as a result of 22 trade-remedy investigations.

Trade probes targeting China are becoming more frequent and complicated, and dealing with trade frictions will be a long-term and challenging task, the Ministry of Commerce warned on Monday.

"The outlook of trade-remedy investigations targeting China is, on the whole, challenging this year, and exporters are facing a very complex trade environment," Song Heping, an official at the ministry's Bureau of Fair Trade for Imports and Exports, told a news briefing.

April 9, 2013

President reassures global investors of a level playing field in China.

China will grow relatively quickly for a long time, and its market will be open and fair, President Xi Jinping said on Monday, soothing fears over the Chinese economy.

Meeting more than 30 foreign and domestic business leaders at the Boao Forum for Asia Annual Conference 2013, Xi said China's market potential is huge thanks to the country's rapid agricultural modernization, industrialization and urbanization.

"China's economy will go upwards instead of downwards for a long time," Xi said.

April 9, 2013

President reassures global investors of a level playing field in China.

China will grow relatively quickly for a long time, and its market will be open and fair, President Xi Jinping said on Monday, soothing fears over the Chinese economy.

Meeting more than 30 foreign and domestic business leaders at the Boao Forum for Asia Annual Conference 2013, Xi said China's market potential is huge thanks to the country's rapid agricultural modernization, industrialization and urbanization.

"China's economy will go upwards instead of downwards for a long time," Xi said.

April 9, 2013

Margaret Thatcher, the Iron Lady of British politics who died on Monday at 87, played a key role in China’s relationship with the United Kingdom, especially in the peaceful handover of Hong Kong, experts said.

Margaret Thatcher, the Iron Lady of British politics who died on Monday at 87, played a key role in China’s relationship with the United Kingdom, especially in the peaceful handover of Hong Kong, experts said.

Britain’s first and only female prime minister, Thatcher died peacefully at the age of 87 after suffering a stroke, her family announced. She governed Britain from 1979 to 1990.

April 9, 2013

The new fashion for an artistic portrait photo: Take it underwater. Zhang Xiaomei, a 20-something Shanghai native who works in the media industry, tried it out twice.

The new fashion for an artistic portrait photo: Take it underwater. Zhang Xiaomei, a 20-something Shanghai native who works in the media industry, tried it out twice.

"It was a completely different experience," says Zhang of her first such experience last May. "You get the feeling that you're cut off from the rest of the world. But also it's romantic and like a fairy tale."

April 5, 2013

Is the region innovative enough to meet challenges? Global leaders look to Boao for answers .

A day before the Boao Forum for Asia (BFA) annual conference kicks off on April 6 in the eponymous former fishing village in China’s Hainan province, now widely known due to the event, the Nobel Prize winning economist Edmund Phelps puts forward a “provocative” question.

At the curtain-raising panel discussion on April 5 that features questions by leading economists, the Nobel laureate asks: What do Asian business leaders believe to be the main obstacles to a boost of indigenous innovation in Asia? Do they lie in the government? Finance? Where?

April 3, 2013

More help for people from island to travel, work and start enterprises.

Even though only a few customers go to Xiao Huang-biao's food stand each day, the Taiwan native does not regret coming to the Chinese mainland to seek his fortune.

Xiao, 52, arrived on the mainland from his hometown of Kaohsiung five years ago. In 2012, he opened a snack stand selling southern Taiwan food in Pingtan county, Fujian province, where his wife comes from.

March 22, 2013

Thai trade diplomat pushes for stronger regional links and more cooperation between ASEAN and China.

Businessman, politician and trade diplomat Vachara Phanchet wastes little time on chitchat.

Minutes matter. There are only so many of those in a day and there are only so many days in a week and with a jam-packed schedule, wasting any of them is a crime. So when he calls, he gets right to the point.

“Time management is very important. Given that there are limited resources, you have to have a plan. It’s about economies of scale and economies of speed.”

March 1, 2013

Indian pioneer ventures from accountancy to then new IT sector, gaining a global foothold in the industry.

Information technology (IT) is all about innovation. Vish Iyer can’t agree more.

Mobility, social media and big data are all hot-button topics. Cloud computing frees up people from the desk, so an IT system can be managed even on the road. “For a bank, it could be payment via Internet banking or mobile phone,” says the high-flying corporate executive, dapper in a light purple shirt.

January 18, 2013

Decision to lay aside the palette and tickle the palate puts BreadTalk founder George Quek on a roll.

George Quek is a hard man to pin down, given his jam-packed schedule of meetings and traveling. Weeks and several postponed meetings later, China Daily Asia Weekly finally sits down with the man behind one of the biggest food and beverage (F&B) empires in Singapore.

Despite his hectic schedule, Quek has a Zen-like aura, not unlike the art masters he admires. Running his business empire takes up most of his time these days.

January 11, 2013

In this new occasional series, China Daily Asia Weekly seeks answers from leading economists on the pressing economic, financial and business issues of the day. As we begin the new year, Hu Yifan, chief economist and head of research, Haitong International, shares her insights on issues ranging from the impact of the US and eurozone debt crises to oil prices and the outlook for the Chinese and regional economies.

Will Europe’s debt problems continue to weigh on Asia’s growth prospects?

The European sovereign debt crisis will continue in 2013, albeit less intensely, and austerity policies have to be pursued.

As the EU27 represents broadly 30 percent of global trade, export-based economies in Asia will suffer.

Commodity prices will remain stable with global demand affected by the persisting effects of a negative shock in Europe. As a result, inflationary pressures should remain muted in Asia.

December 21, 2012

Event organizer Melvin Chua finds the right scene in China’s fast-growing fashion world.

When major fashion players such as designer Giorgio Armani or photographer Mario Testino arrange visits to China, the first name on their list usually is Melvin Chua, celebrity event organizer extraordinaire.

Philippines-born Chua has built up a business that specializes in helping major fashion brands put on shows and exhibitions, usually extravagant and expensive affairs such as the recent Louis Vuitton show in the port city of Shanghai, where models alighted from a full-size replica steam train shipped in from Paris.

November 23, 2012

Adi Godrej expands his granduncle’s lock company into a business empire, becoming 6th richest man in india.

The reason why Adi Godrej’s current favorite in his stable of cars is an Audi is because his own business empire, the Godrej Group, doesn’t manufacture cars, yet.

The Indian billionaire — Forbes magazine estimates his net worth to be $9.24 billion, making him the 6th richest man in India — makes it a point to personally use all the consumer goods his 115-year-old conglomerate makes: From the locks that laid the foundation of the group’s fortunes in the 19th century, to fridges, washing machines and even the Godrej hair colors.

April 9, 2013

Chinese officials expressed confidence in curbing the H7N9 strain of bird flu, citing how the country has built capacity to deal with epidemics since the SARS outbreak.

Chinese officials expressed confidence in curbing the H7N9 strain of bird flu, citing how the country has built capacity to deal with epidemics since the SARS outbreak.

However, the possibility of the virus being transmitted between humans cannot be ruled out, a World Health Organization official said.

Michael O'Leary, the WHO's China representative, said such a possibility remains despite no one in close contact with the first human H7N9 cases having tested positive for the strain.

April 9, 2013

Despite a late-afternoon rally, Chinese stocks slumped to their lowest level in 2013 on Monday, with sectors such as aviation and hospitality hit hardest by the bird flu scare.

Despite a late-afternoon rally, Chinese stocks slumped to their lowest level in 2013 on Monday, with sectors such as aviation and hospitality hit hardest by the bird flu scare.

The market opened after the three-day holiday break down 1.31 percent on the previous close. Prices stabilized somewhat after the lunch break, with the Shanghai Composite Index closing at 2,211.59, down 0.62 percent from 2,225.30 on the last trading day before the holiday. Daily turnover reached 73.7 billion yuan ($11.9 billion), up from 68.8 billion yuan previously.

April 9, 2013

Science publisher reaches into new areas to take Chinese research and ideas into the world beyond, Mei Jia reports.

Springer, one of the world's largest science publishers, is reaching out for more social, economic and humanities titles in China, believing the country is presenting first-class research in those areas as well as in sciences.

Springer recently announced it would start a new English-language journal, International Communication of Chinese Culture, with Beijing Normal University, its latest move to publish Chinese social sciences books.

April 9, 2013

China's largest external contract engineering service provider in the machinery industry is stepping up its efforts at exploring further business opportunities and high technology, reports Ding Qingfen.

Xu Niansha submitted a simple but highly focused proposal in March as a new member of the 12th National Committee of the Chinese People's Political Consultative Conference, the nation's top political advisory body.

He said the central government should help and support State-owned enterprises buy high technology from abroad.

A look at what Xu and his company, China National Machinery Industry Corp (Sinomach), is all about shows that his proposal is more than reasonable.

April 9, 2013

High cost of trained nurses makes hospitals turn to nonprofessionals, Peng Yining reports from Beijing and Chongqing.

Taking care of hospital patients doesn't appear to present much of a challenge to Dai Chang, a 50-year-old father of two and former farmer. For the most part, his work - giving sponge baths, reminding patients to take their medicine and informing the nurses when an intravenous drip needs replacing - doesn't require any professional skills.

April 8, 2013

Trading of live poultry suspended following deaths, report Shan Juan and He Na in Beijing, and Wang Hongyi in Shanghai.

Trading of live poultry suspended following deaths, report Shan Juan and He Na in Beijing, and Wang Hongyi in Shanghai.

Few stalls were open on Sunday in Shanghai's Wanshang flower and bird market in the wake of deaths from the H7N9 strain of bird flu. Sunday is usually the busiest day of the week as bird lovers of all ages wander around and listen to the chorus of thousands of birds.

On April 6, the local government ordered the suspension of all trading in live poultry and pet birds, but so far there has been no official directive to close the market.

April 8, 2013

Cooperation between China and Africa is stronger than ever, with China planning to beef up investment in Africa and Chinese companies starting to consider moving abroad, top economists and former officials have said.

Cooperation between China and Africa is stronger than ever, with China planning to beef up investment in Africa and Chinese companies starting to consider moving abroad, top economists and former officials have said.

"Now is the best period for Asia, especially China, to cooperate with Africa. There will be a surge of cooperation in not only quantity but also quality," said Wei Jianguo, former vice-minister of commerce and current secretary-general of the think tank China Center for International Economic Exchange Center.

April 8, 2013

Despite the massive purchasing power Chinese tourists have shown overseas, a recent survey found travelers from China paid less than those from elsewhere for their hotel rooms in more than half of the countries contacted.

Despite the massive purchasing power Chinese tourists have shown overseas, a recent survey found travelers from China paid less than those from elsewhere for their hotel rooms in more than half of the countries contacted.

The report, conducted by hotels.com, a leading online accommodation booking website with almost 200,000 properties around the world, found most of the discounts in Europe, triggered by the troubled situation in the eurozone, according to Jessica Chuang, its senior marketing manager for Greater China.

April 8, 2013

Despite the massive purchasing power Chinese tourists have shown overseas, a recent survey found travelers from China paid less than those from elsewhere for their hotel rooms in more than half of the countries contacted.

Despite the massive purchasing power Chinese tourists have shown overseas, a recent survey found travelers from China paid less than those from elsewhere for their hotel rooms in more than half of the countries contacted.

The report, conducted by hotels.com, a leading online accommodation booking website with almost 200,000 properties around the world, found most of the discounts in Europe, triggered by the troubled situation in the eurozone, according to Jessica Chuang, its senior marketing manager for Greater China.

April 8, 2013

The Confucius Institute of Kabul University reopened on Sunday after being closed for 18 months, marking the enhanced Sino-Afghan cultural exchanges.

The Confucius Institute of Kabul University reopened on Sunday after being closed for 18 months, marking the enhanced Sino-Afghan cultural exchanges.

Addressing the reopening ceremony, Xu Feihong, Chinese ambassador to Afghanistan, congratulated the Confucius Institute on its comeback to this war-hit nation, saying it marks significant progress in relations between the two nations.

April 8, 2013

Watchdog says blasts in Jilin killed 42 workers, 11 remain missing.

The State Council will launch full investigations into two gas blasts at a coal mine in Jilin province that involve concealing the number of dead from the first blast, China's work safety watchdog announced.

The Babao Coal Mine in Baishan saw two explosions in four days in the last two weeks, and reports by authorities said 29 people were killed in the first blast and seven in the second.

However, the provincial government said on Sunday that another seven deaths from the first gas explosion on March 29 were deliberately not reported by the coal mine.

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