China, relevante Meldungen - 500 Beiträge pro Seite

[Popeye82]

Wer will kann ordentlich Meldungen reinstellen.
Meine Vorstellung wäre jetzt so, dass die schon, mindestens, eine "gewisse Relevanz im größeren Bild" haben sollten.


Laut Yu Liang ist die Immobilien Goldgräberei in China beendet.

Top property exec says 'golden era' is over - CER/BB - May 28, 2014
www.chinaeconomicreview.com/node/65770
www.bloomberg.com/news/2014-05-27/china-s-golden-era-for-pro…

"China Vanke (200002.SHE) president Yu Liang has told reporters that the 'golden era' for the property industry is over, and that his company, the biggest property developer in China, is focused on developing homes for owner-occupiers rather than investors, Bloomberg reported.

Yu joins Vanke Chairman Wang Shi in flagging a slowdown in China's property market, with home sales slumping 10% in the first four months of this year amid tight credit and slower economic growth, reversing last year's 27% jump and prompting developers to cut prices. "

[Popeye82]

Xi Jinping 'stresses market forces, in reforms' - CER/R/SM - May 28, 2014
www.chinaeconomicreview.com/node/65771

"Chinese President Xi Jinping has emphasized the importance of free markets in the country's economic reforms, Reuters reported, citing state media.

In remarks to the Politburo on Monday, Xi said that allowing market forces to allocate resources would mark a new stage of growth for the world's second-biggest economy, and that they had to reduce the amount of resources directly allocated by the government and cut the amount the amount of direct state intervention in micro-economic activity. "

[Popeye82]

China to scrap millions of ageing cars - CER/R/SC - May 27, 2014
www.chinaeconomicreview.com/node/65759

"The Chinese government plans to decommission as many as 5.33 million cars throughout the country this year that fail to meet domestic fuel standards, Reuters reported, citing a policy document published on Monday.

The bid to improve air quality was announced alongside new targets for the closures of coal-fired heating systems and the installation of new equipment to reduce emissions at power stations, steel mills and cement plants. The State Council document did not say how the plan would be implemented, but subsidies previously offered for voluntary scrapping may be extended to 'yellow label' vehicles that fail to meet minimum standards. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.064.568 von Popeye82 am 28.05.14 20:00:24

Guangdong to relax household registration system - CER/SCMP - May 27, 2014
www.chinaeconomicreview.com/node/65761

"Guangdong province plans to loosen rules for the hukou household registration system, South China Morning Post reported, citing comments made by the deputy provincial police chief published in local media.

Under the plan, migrants and their families, as well as non-local university graduates, can apply for local residency in small and medium-sized cities in the province, as long as the applicant has a stable job and accommodation there. The thresholds for bigger, rapidly crowding cities will be higher, however, and most migrants will still not be allowed to settle in Guangzhou or Shenzhen. "

[Popeye82]

China studying IBM bank servers, for risk - CER/BB/PBoC/MoF - May 28, 2014
www.chinaeconomicreview.com/china-studying-ibm-bank-servers-…

"The Chinese government is currently reviewing whether domestic banks' reliance on high-end servers from International Business Machines (IMB.NYSE) compromises the country's financial security, Bloomberg reported, citing unidentified sources.

Government agencies including the People's Bank of China and the Ministry of Finance are asking banks to remove the IBM servers and replace them with a local brand as part of a trial program, in the latest escalation of the dispute with the US over cyber-espionage claims. "

[Popeye82]

Chinese Military Hackers Charged, with Disrupting U.S. Solar Market - CT/GBL/FBI, Pennsylvania - May 27, 2014

- S. Kaplow -
http://cleantechies.com/2014/05/27/chinese-military-hackers-…
http://cleantechies.com/2013/10/10/bankruptcy-trustee-sues-c…

"A grand jury in the Western District of Pennsylvania has indicted Chinese military hackers for computer hacking, economic espionage and other offenses directed at a solar products manufacturer in America.

The indictments, the first time criminal charges have been filed against known state actors for hacking received wide spread attention earlier this week. And while the mainstream media described the U.S. corporate victims as in the nuclear power and metals industries and a labor organization, scant attention has been paid to the fact that one of the businesses is a solar panel manufacturer.

The indictment made public this past Monday, alleges that Wen Xinyu, one of five named defendants, who is officer in Unit 61398 of the Third Department of the Chinese People’s Liberation Army, hacked the computers of U.S. subsidiaries of SolarWorld AG several times to glean its strategy in a trade dispute with China.

In 2012, at about the same time the Commerce Department found that Chinese solar product manufacturers had “dumped” products into U.S. markets at prices below fair value, Wen and at least one other, unidentified co-conspirator, stole thousands of files including information about SolarWorld’s cash flow, manufacturing metrics, production line information, costs, and privileged attorney-client communications relating to ongoing trade litigation, among other things. The information enabled Chinese competitors to target SolarWorld’s business operations aggressively from a variety of angles.

On February 5, 2014, Frank H. Asbeck, founder and CEO of SolarWorld, issued an open letter to President Barack Obama requesting his “support for both the U.S. manufacturing and installation wings of the domestic solar industry as they confront trade aggression from China.”

I had written in a blog post last October, Bankruptcy Trustee Sues Chinese Over Solar Panel Dumping, about a case filed in the U.S. District Court Eastern District of Michigan, claiming the object of the Chinese state owned companies’ illegal dumping actions was to drive established solar industry leader, Energy Conversion Devices, out of business.

“For too long, the Chinese government has blatantly sought to use cyber espionage to obtain economic advantage for its state-owned industries,” said FBI Director James B. Comey. “There are many more victims, and there is much more to be done. With our unique criminal and national security authorities, we will continue to use all legal tools at our disposal to counter cyber espionage from all sources.”

This criminal case charging five Chinese military officers should be a wakeup call to all; not only have Alcoa, Westinghouse, and U.S Steel been damaged, but every U.S. business and homeowner with solar panels on a roof has been a victim of Chinese economic espionage. "

[Popeye82]

Don't backtrack on yuan liberalization, US official warns - CER/BB/UST - Apr 8, 2014
www.chinaeconomicreview.com/node/65519

"A senior US Treasury official warned China against backtracking on its plans to move toward a market-determined yuan, Bloomberg reported, citing a comment the official made on Monday on condition of anonymity.

China's central bank allowed the yuan to depreciate before widening the exchange-rate band on March 17, a move to give market forces greater influence over the exchange rate. The yuan has continued to weaken since then. Signs that Beijing intends to revive currency controls to devalue the yuan would provoke serious concern, the official said. "

[Popeye82]

China's plan for iron-ore giants hard to make the grade - MW/R, SHANGHAI - Apr 16, 2014
www.miningweekly.com/article/chinas-plan-for-iron-ore-giants…

"China's bid to slash its dependence on foreign iron-ore miners by creating its own mega producers risks running aground before it starts due to high costs and poor quality of ore. Instead, overseas suppliers may end up shipping more to their top market.

For two decades, China has been trying to reduce its reliance on iron-ore supplied by top producers Vale, Rio Tinto and BHP Billiton without much success because the price of the ore it produces is higher.

These global miners are boosting output to capture more of the Chinese market through massive expansion schemes to increase their dominance. BHP on Wednesday lifted its annual iron-ore production guidance to 217-million tonnes, while Rio Tinto is close to mining 300-million tonnes a year and Brazil's Vale is targeting more than 360-million tonnes.

In an effort to make its own iron-ore mining more efficient, China, which buys more than two thirds of the world's iron-ore, is drafting a plan to create six to eight domestic iron-ore miners by 2025, each with an annual capacity of more than 30-million tonnes, state news agency Xinhua has reported.

Beijing wants Anshan Iron & Steel Group, a steelmaker with its own iron-ore mines, and the Metallurgical Mines' Association of China (MMAC) to lead the plan. A draft is expected by year end to be submitted to the State Council for approval.

However, combined production would at best amount to only a third of total demand, making a target to cut imports to below half of China's requirement within 10 years look impossible and suggests big global miners may have to ship even more.

While Chinese iron-ore production continues to grow every year, the low quality of the ore is forcing miners to dig deeper and bloating costs even more.

"The only way for the new integrated miners to compete against top miners is if they can slash their costs, but I do not expect this can happen," said a senior official at a medium-sized Chinese miner with annual output of 2-3 million tonnes.

"Chinese resources require deeper and deeper digging, and grades are falling, meaning both mining and beneficiation (crushing and separating ore) costs are increasing," said the official, who declined to be named due to a company policy of not speaking to media.

The average iron content of ore in China fell to 21.5% last year from 31.2% 10 years earlier, said Pan Guocheng, chief executive of China Hanking Holdings, a privately owned mainland miner.

In contrast, iron content for most Australian and Brazilian ore tops 57%. This lifts the average cost for Chinese miners to $105/t, with some spending as much as $140, compared with $60-$65 including delivery for Australian and Brazilian ores, according to MMAC.


CLOSING MINES

If the iron-ore price drops below $100, then 40% to 50% of Chinese miners could close their mines and cut output by about 150-million tonnes, Pan said at a conference in February.

At around $117/t currently, iron-ore has lost nearly 13% of its value this year and is down about 40% from a peak of almost $200 in February 2011.

Since 2003, China has also urged its steelmakers to cut their dependence on Vale, Rio Tinto and BHP by investing in new mines globally, with the aim of sourcing at least 40% of imports from China-owned projects. However, with high costs and weaker prices, projects have struggled to get off the ground.

A 25% tax on sales is another disincentive for Chinese miners, while Australian and Brazilian miners are taxed at a rate of only 4% to 5%.

China's iron-ore output rose 4%to 183.3-million tonnes in the first two months, slowing from 13.5% growth in the same period last year, official data showed.

More stringent environmental protection measures targeting China's highly polluting steel sector are also forcing mills to look for higher-grade imported iron ore.

Jeffrey Landsberg, managing director of US-based Commodore Research & Consultancy, said low spot iron-ore prices, driven by ongoing production expansions, would continue to tip the market in favour of the big foreign suppliers.

"We anticipate that low iron ore prices will continue to put pressure on iron-ore production growth in China this year, and that Chinese iron-ore import growth will finish the year well above Chinese iron ore production growth," he said. "

[Popeye82]

Chinese government "weighs up costs, of cutting steel production": KPMG - KPMG/R/TA/MA, BEIJING - May 28, 2014

- B. Balinski -
www.miningaustralia.com.au/news/chinese-government-weighs-up…
http://online.wsj.com/news/articles/SB1000142405270230465530…
www.manmonthly.com.au/news/inefficient-chinese-steel-mills-p…
www.theaustralian.com.au/business/beijing-to-close-down-stee…

"An expert from KPMG has said the Chinese government was committed to shut some of the company’s less productive steel mills.

Peter Fung, chair of KPMG’s Global China Practice, has said that the social consequences were under consideration, but the question was when not if.

“I believe there will be a process but when that process starts is difficult to guess,’’ Fung told The Australian.

“Some of these plants are big plants. We all agree they need to be closed but how to deal with the social issues when that happens is something that needs a lot of discussion and negotiation at both the central and local government levels.

Earlier this year the country’s Banking Regulatory Commission said that it would starve the less efficient mills of credit.

And earlier this month, the Wall Street Journal reported that China’s Ministry of Industry and Information Technology announced plans to cut the country’s current steelmaking capacity (of about 900 million tons) by 28.7 metric tons, the biggest cut in four years. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.065.698 von Popeye82 am 28.05.14 23:22:39

Beijing weakens yuan reference rate - CER/SCMP - Apr 17, 2014
www.chinaeconomicreview.com/node/65573

"China lowered the yuan reference rate to its weakest level since September despite criticism from the US that Beijing was artificially holding down its currency, South China Morning Post reported.

This year the onshore yuan has depreciated 2.8%, owing to growing concerns over China's economic slowdown and the stability of its financial system. In response, the US treasury released a report on Tuesday which accused China of weakening its exchange rate but went short of calling it a currency manipulator. Chinese officials said they would continue to push for exchange rate reform."

[Popeye82]

16% of Chinese soil polluted: Ministry - CER/MoEP/R - Apr 18, 2014
www.chinaeconomicreview.com/node/65583

"Up to 16% of China’s soil is heavily contaminated, Reuters reported, citing survey results released by the Ministry of Environmental Protection on Thursday.

China is desperate to tackle the impact of rapid industrialization and urbanization on its food supplies, with the aim of maintaining self-sufficiency and reducing its dependence on grain imports amid soaring demand. The report blamed agricultural production and other "human activities" for the contamination, which it said had been accumulated over the long term. The ministry said China is working on a series of measures to help resolve the problem of soil pollution and would also speed up the drafting of related legislation. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.066.254 von Popeye82 am 29.05.14 08:21:17

Green economy comes into focus, @NPC - CER/SCMP/NPC - Mar 6, 2014
www.chinaeconomicreview.com/node/65349

"China on Wednesday declared a "war on pollution" and promised sweeping reforms to promote sustainable growth, South China Morning Post reported, citing Premier Li Keqiang's speech to the opening session of the National People's Congress.

Li told the national legislature that the country would fight pollution with the same determination it has mustered in battling poverty. The initiatives, outlined as part of the State Council's annual work report, would limit coal use, reduce emissions that pollute the air and water, and promote the use of hydropower and nuclear power, among other measures. "

[Popeye82]

China manufacturing hits five-month high - CER/R/NBoS - Jun 3, 2014
www.chinaeconomicreview.com/node/65795

"China's official Purchasing Managers' Index rose to 50.8 in May from April's 50.4, Reuters reported, citing a National Bureau of Statistics statement.

A reading over 50 shows expansion; a figure below 50 reflects contraction. Beating market expectations of 50.6, the data shows that the economy is regaining some strength as the government's pro-growth measures start to kick in. The official survey showed a broad-based recovery in manufacturing that bodes well for the second quarter, with foreign and domestic demand reaching the highest level since last November. "

[Popeye82]

Malaysia PM presses for code of conduct, in South China Sea - CER/WSJ - Jun 3, 2014
www.chinaeconomicreview.com/node/65792

"Malaysia Prime Minister Najib Razak urged for a rapid conclusion to the long-stalled drafting of a code of conduct for the South China Sea, The Wall Street Journal reported, citing a speech by the PM.

The call comes after a tense weekend at the Asia Security Summit in Singapore, where China traded barbs with the US and smaller Asian neighbours over Beijing's claims to disputed waters. Diplomatic progress has taken on new urgency as China increasingly uses its strengthening military to assert its claims to nearly the entire sea. "

[Popeye82]

China preparing to cancel tariffs on rare earth exports –source - MW/R, BEIJING/HONG KONG - Jun 4, 2014
www.miningweekly.com/article/china-preparing-to-cancel-tarif…

"China is preparing to scrap controversial tariffs and quotas on the export of rare earth materials after a World Trade Organization (WTO) panel branded them discriminatory earlier this year, a source with direct knowledge of the matter told Reuters.

China is responsible for more than 90 percent of global rare earth production, giving it a chokehold over the supply of 17 elements with a wide range of uses in high-tech sectors such as defence and renewable energy.

The move to comply with WTO rules would reflect a tactical adjustment for Beijing, but its long-term plan to improve pricing power and gain market share in lucrative downstream industries is expected to remain unchanged.

"The WTO decision does not change the strategy, just the means at China's disposal," said David Abraham, an independent resource analyst.

"The tools of the day are now taxes, exchanges and regulations to consolidate companies into a few champions."

After complaining that global market prices were too low to cover the huge environmental costs of production, Beijing imposed tough output quotas and export tariffs in 2010 as part of a wider crackdown on the sector. Exporters have paid a tax of 15% to 25% this year.

The measures saw prices jump threefold, but a WTO panel said in March that the tariffs violated trade rules by giving domestic consumers an unfair advantage over foreign competitors.

Despite appealing the decision, Beijing expects to have little choice but to accept the ruling and could cancel export restrictions on rare earth, as well as tungsten and molybdenum, by next year, an industry source with ties to the government said. He declined to be identified as he is not authorised to speak with media.

"They may be cancelled next year," the source said, adding that if the move goes smoothly, export quotas on other products could also be scrapped at a later stage.

Prices are likely to be supported by a change in resource taxes, with several pilot regions -- including Ganzhou in eastern China's Jiangxi province -- already preparing to shift.

"I don't think the outlook is good for their WTO appeal and they realise it," said Amsterdam-based consultant Ryan Castilloux, founding director of Adamas Intelligence.

"So I think they're looking at what they need to do in the long-term to take what was once an export tariff and turn it into a resource tax so the net result is positive."

The ministries involved, including the Ministry of Industry and Information Technology and the Ministry of Commerce, were not available to comment. The Association of China Rare Earth Industry also did not respond to requests for comment.


ALTERNATIVE TECHNOLOGIES

Michael Silver, chief executive of American Elements, which sources rare earth supplies from China, said the policy shift would be a "significant step in the right direction".

"China has every right to charge whatever the market will bear for rare earths," he said. "But they should not use them to advantage their own end-product producers or extort foreign companies into manufacturing in their nation."

He said China's curbs were counterproductive and encouraged overseas consumers to pursue alternative technologies.

"My argument to China is why would you want the brightest minds on the planet to devote their careers to researching ways not to use a material you have control over forever?" he said.

As well as export restrictions, China's campaign to "rectify" the sector also included a strict domestic output quota as well as efforts to smash an illegal supply chain in which small-scale village producers mined large amounts of rare earth that would then be smuggled out of the country.

To strengthen its control over the sector, the government also sought to consolidate production and processing in the hands of a small number of large and mostly state-owned firms.

It has also tried to improve its pricing power by establishing trading exchanges, while an official with the Shanghai Futures Exchange said at a conference last month that China was mulling the launch of rare earth futures trading "

[Popeye82]

CSRC reopens IPO market, to 10 firms - CER/WSJ/CSRC - Jun 10, 2014
www.chinaeconomicreview.com/node/65827

"The China Securities Regulatory Commission will allow 10 companies to list on mainland bourses after a five-month hiatus, The Wall Street Journal reported, citing a statement by the regulator on Monday.

Of the 10 firms, five will list on the Shanghai Stock Exchange and the remaining five on the Shenzhen Stock Exchange. The move offers companies a much-needed funding channel as economic growth slows. It also comes after the CSRC tightened IPO regulations on June 7, one of which will restrict share issuers and holders from selling their stock below the IPO price. "

[Popeye82]

NDRC official plays down expectations, for emissions cut - CER/R/NDRC - Jun 10, 2014
www.chinaeconomicreview.com/node/65828

"A senior government official on Monday downplayed the prospects of China enacting imminent cuts to carbon emissions, Reuters reported.

Sun Cuihua, deputy director of the climate change office at the National Development and Reform Commission, said it would be a simplification to suggest China would impose an absolute cap on greenhouse gas emissions from 2016. No decision had yet been taken on a cap and the timing of such a measure was under discussion, she said. She spoke after a climate change advisor to the government said last week that China could impose a cap when the next five-year plan enters into force in 2016."

[Popeye82]

PBOC provides further details, on RRR cut - CER/BB/PBoC - Jun 10, 2014
www.chinaeconomicreview.com/node/65825

"The People's Bank of China announced it would cut the reserve ratio by 0.5 percentage points for banks that lent significantly to smaller companies and farmers, Bloomberg reported, citing a statement on the central bank's website on Monday.

The reduction will take effect on June 16, and is set to affect two-thirds of city commercial banks, 80% of non-county level rural commercial banks and 90% of non-county level rural cooperative banks. Combinined with other moves, PBOC is projected to inject RMB545 billion of liquidity into the market by the end of June to support the slowing economy. "

[Popeye82]

UK +China to ink deals, worth $30.000.000.000 - CER/R - Jun 16, 2014
www.chinaeconomicreview.com/node/65854

"Britain and China could sign deals worth more than US$30 billion this week during a visit to the UK by Chinese Premier Li Keqiang, Reuters reported, citing Chinese officials.

China views Britain as Europe's most open economy and is keen for its firms to invest in nuclear and high-speed rail projects. It also wants the government to ensure London's Heathrow airport is expanded. Two large Chinese investment funds are expected to announce plans to plough new money into Britain during the trip. Political tensions remain, however. Beijing reminded London ahead of Li’s trip not to interfere in China’s domestic affairs. "

[Popeye82]

mal sehen ob er da den Mund nicht (bewusst?)bisserl voll nimmt.
Was man so zwischen den Zeilen hört, bin ich ziemlich skeptisch.

China can meet 7.5% GDP target: Premier - CER/TT/R - Jun 16, 2014
www.chinaeconomicreview.com/node/65855

"Chinese Premier Li Keqiang is confident that China will meet its annual growth target of 7.5% for 2014, Reuters reported.

Writing in Britain's The Times newspaper on the eve of his visit to London on Monday, Li said slowing growth in the world's second-largest economy was normal and not a problem. "China's economy needs to grow at a proper rate, expected to be around 7.5% this year," Li wrote. "It is slower than the past, but normal." Li also wrote that the Chinese government was ready to adjust policy to make sure it does hit the target. "

[Popeye82]

ArcelorMittal "sees new opportunity in China" - CER/BB/AM - Jun 16, 2014
www.chinaeconomicreview.com/node/65853

"India’s ArcelorMittal (MT.NYSE, MT.AMS), the largest steelmaker in the world, sees the potential scrapping of a decade-old ban on foreign takeovers in China’s steel industry as a positive step, Bloomberg reported, citing ArcelorMittal CEO Lakshmi Mittal.

ArcelorMittal is one of the few foreign steelmills with investments in China since the ban on overseas control was imposed in 2005. The world’s top producer and consumer is considering scrapping the ban which may be a catalyst for global mills to revive a push into China’s US$423 billion steel sector where demand is seven times greater than in the US, the next biggest market. "

[Popeye82]

China accuses Japan, over warplane incident - CER/R - Jun 13, 2014
www.chinaeconomicreview.com/node/65846

"China on Thursday accused Japan over trying to deceive the international community following an incident between warplanes from both nations over the East China Sea, Reuters reported.

Japan protested after Chinese warplanes flew "abnormally close" to Japanese military aircraft over the East China Sea on Wednesday. China's Defence Ministry said Japan's repeated accusations "were aimed at furthering the deception of the international community, smearing the image of our military and manufacturing tensions in the region." On Wednesday, two Japanese F-15 planes followed a Chinese Tu-154 aircraft and came as close as 30 metres, "seriously affecting China's flight safety", the ministry said. "

[Popeye82]

China to scrap 11.000.000 ‘high-pollution vehicles’ - TNE/CG - May 27, 2014
www.theneweconomy.com/energy/china-to-scrap-11-million-high-…
http://english.gov.cn/2014-05/26/content_2687482.htm
www.china.org.cn/business/2014-05/27/content_32500317.htm

"Authorities have outlined plans to withdraw millions of vehicles from service in an effort to reduce China’s air pollution levels

According to a short statement posted on the government’s web portal, China intends to scrap six million ‘high-polluting vehicles’ before year’s end. The move comes as part of China’s emboldened efforts to curb emissions, particularly in northern regions where smog currently clouds much of the cityscape.



- The Chinese government hopes that by withdrawing 11 million 'high-polluting vehicles' it can make a significant difference to pollution levels in cities such as Beijing (pictured) and Tianjin -


China’s Cabinet admitted that it had already fallen short of its 2011-2013 targets, and pledged to ramp up its efforts to prevent this from happening again. A recent report from China’s environmental watchdog revealed that 31.1 percent of Beijing’s air pollution stems from vehicle exhausts, leading the country’s government to resort to drastic measures in order to overturn the damage done so far.

Of the six million cars due to be eliminated from service, 20 percent are in the municipalities of Beijing and Tianjin, as well as the Hebei province. Namely, 330,000 vehicles will be withdrawn from Beijing, and another 660,000 from the Hebei province.

What’s more, according to an action plan published by the State Council, another five million will be eliminated next year, bringing to total number of vehicles affected to 11 million. “Strengthening control on vehicle emissions will be a major agenda item for the country’s energy savings, emissions reductions, and low-carbon development during the next two years,” it reads.

“In terms of automotive emissions standards legislation, China, in principle, has been lagging behind Europe for some time,” says Richard Smokers, Strategic Advisor on Sustainable Mobility for TNO. “However, it has quickly been catching up over the last decade.”

The measures will be mandatory, although the authorities are yet to specify details on how the plan will be carried out in full. The plans are by far the most drastic unveiled thus far as part of China’s drive to cut emissions, as the country looks to bring energy consumption per unit of growth down by 3.9 percent in 2014 to meet an ambitious 16 percent target. "

[Popeye82]

CIC wealth fund mismanaged overseas investments: Report - CER/R/CNAO/CIC - Jun 19, 2014
www.chinaeconomicreview.com/node/65875

"China’s RMB3.58 trillion (US$575 million) sovereign wealth fund mismanaged various investments from 2008 to 2013, leading to unspecified losses, Reuters reported, citing a Wednesday announcement from China’s National Audit Office.

According to the audit, some employees in China Investment Corp. (CIC) did not conduct adequate due diligence before investing in 12 overseas projects, and subsequently failed to track the performance of those investments. Additionally, several domestic CIC units, such as Central Huijin and China Jianyin Investment, were found to have irregularities in their businesses. Created in 2007, CIC is tasked with investing China’s RMB.88 trillion foreign exchange reserves. "

[Popeye82]

Direct yuan trading starts in London - CER/BB - Jun 19, 2014
www.chinaeconomicreview.com/node/65871

"Direct trading of the yuan and pound started in the UK on Wednesday as London stole a march on European rivals seeking to deal in the world’s second-largest trade currency after the US dollar, Bloomberg reported.

While four other nations had already signed such accords with China, the UK’s deal yesterday made it the first European country to do so. London has been competing with cities including Frankfurt to become Europe’s offshore yuan hub. China is seeking to strengthen commercial relations with European countries. "

[Popeye82]

Official in corruption probe connected, to top leaders - CER/R - Jun 20, 2014
www.chinaeconomicreview.com/node/65880

"A senior Chinese official arrested on suspicion of corruption is reportedly the brother of a former top presidential aide, Reuters reported, citing local media.

Ling Zhengce, deputy head of the Shanxi branch of a parliamentary advisory body, is being probed for suspected "serious discipline and law violations", the Communist Party's anti-graft body said, using a euphemism that usually refers to corruption. Ling Zhengce is the elder brother of Ling Jihua, a former senior aide to former president Hu Jintao, several previous reports in Chinese media have said. Ling Jihua was demoted in September 2012 after sources said his son was involved in a deadly crash involving a luxury sports car. "

[Popeye82]

China denies suppressing reporters’ rights - CER/R - Jun 20, 2014
www.chinaeconomicreview.com/node/65879

"The Chinese government has denied that it is trying to curb the right of journalists to print critical stories under new guidelines announced this week, Reuters reported.

An official from the media regulator on Thursday said the order had been misinterpreted and its real goal was to stop journalists abusing their jobs. The State Administration of Press, Publication, Radio, Film and Television issued rules on Wednesday saying reporters could only publish critical stories if their employer had signed off on it, sparking accusations of censorship. The rules come as the government intensifies a crackdown on freedom of expression, both online and in traditional media. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.191.772 von Popeye82 am 23.06.14 01:29:35

Bank of China to clear yuan, in Eurozone - CER/BB/PBoC/CCB - Jun 20, 2014
www.chinaeconomicreview.com/node/65878

"Bank of China’s Frankfurt, Germany banch has won approval to become the first first institution in the euro area able to clear payments in yuan, Bloomberg reported, citing the People’s Bank of China.

The selection of Bank of China will help create a second European hub for yuan trading as the nation promotes greater use of the currency in global trade and finance. China Construction Bank (1939.HKG, 601939.SHA) was this week named the yuan clearing bank for London. “The London and Frankfurt hubs will complement each other,” said David Pavitt, head of RMB Development for Europe, Middle East and Africa at HSBC Holdings. "

[Popeye82]

China announces pilot program, to reform legal system - CER/R/SM - Jun 17, 2014
www.chinaeconomicreview.com/node/65858

"China announced plans on Monday to launch a series of limited legal reforms aimed at curbing interference from local governments while retaining Party control of the legal system, Reuters reported, citing state-run media.

As part of the pilot reforms, provincial governments rather than local governments will be given the authority to pick judges and prosecutors and fix the budgets of local courts. The reforms will also give judges more power and accountability and create a separate management system for judges and prosecutors apart from the civil service hierarchy. The pilot programs will run in six regions, including Shanghai, Guangdong and Qinghai province. "

[Popeye82]

China overtakes US, as largest corporate borrower: S&P - CER/R/S&P - Jun 17, 2014
www.chinaeconomicreview.com/node/65859

"The Chinese corporate bond market has surpassed that of the US as the world’s largest, drawing fears that a slowdown in certain sectors could put the global economy at risk, Reuters reported, citing a Monday announcement by ratings agency Standard and Poor’s.

Chinese corporate borrowers owed US$14.2 trillion at the end of 2013 versus US$13.1 trillion owed by US corporations. China is currently financing a quarter to a third of its corporate debt through its shadow banking sector, meaning that as much as 10% of global corporate debt is exposed to the risk of a contraction in China's informal banking sector. "

[Popeye82]

BOC announces measures, to help exporters - CER/R/PBoC - Jun 12, 2014
www.chinaeconomicreview.com/node/65836

"The People's Bank of China has promised a broad range of policy measures aimed at supporting the country's exporters, Reuters reported, citing a Wednesday announcement by the central bank.

The currency and credit measures unveiled include cheaper loans and more tools designed to reduce foreign exchange risks to help exporters combat sluggish sales. The export sector is a pivotal employer in the country but has seen average monthly growth fall by two-thirds since 2007. This is the second time in two months that China has given a hand to its struggling exporters. "

[Popeye82]

Beijing asserts total authority, over Hong Kong - CER/X/SCMP - Jun 11, 2014
www.chinaeconomicreview.com/node/65832

"Beijing asserted its total political control over Hong Kong in a white paper issued by the State Council on Tuesday, South China Morning Post reported.

The paper, released in seven languages through Xinhua, said the central government holds “comprehensive jurisdiction” over Hong Kong and is the source of its autonomy. It stressed that any leader chosen by the city through universal suffrage in the future had to be loyal to China. The document came 10 days before Occupy Central activists calling for greater democracy hold an unofficial referendum on options for the 2017 election of the chief executive. "

[Popeye82]

China A-shares will not be included, in MSCI index - CER/R - Jun 11, 2014
www.chinaeconomicreview.com/node/65833

"Equity index provider MSCI announced it would not include China A-shares into its benchmark emerging markets index due to resistance by international funds, Reuters reported.

China is already a component of its emerging market index, but its share is primarily composed of stocks listed in Hong Kong. With the quota system (QFII) for foreign investors expanding, index providers eyed the inclusion of A-shares in their benchmark index. But concerns over the difficulty of accessing China’s onshore capital markets ultimately won out. China’s inclusion would have injected much-needed liquidity into the country’s long struggling bourses. "

[Popeye82]

PBOC blocks China's 1st ABS product - CER/SCMP - Jun 23, 2014
www.chinaeconomicreview.com/node/65887

"The People’s Bank of China has suspended the launch of the country’s first asset-backed security, South China Morning Post reported.

Ping An Bank (000001.SHE) this month filed an application to sell a credit-backed product worth RMB2.8 billion (US$481 million) to the Shanghai stock exchange, which operates under the China Securities Regulatory Commission, without informing PBOC. PBOC insisted the suspension was in compliance with government directives, as institutions are required to file ABS issuance plans to the central bank before listing. Market observers said the power struggle among regulators is a major obstacle to reforming China’s finance industry. "

[Popeye82]

Audit uncovers oversights, in SOE management - CER/SCMP - Jun 23, 2014
www.chinaeconomicreview.com/audit-uncovers-oversights-soe-ma…

"Poor oversight on investment and improper feasibility studies contributes to billions of yuan in losses among state-owned enterprises, South China Morning Post reported.

A government audit of the 2012 books of 11 large SOEs has found major irregularities and shortcomings in procedures that led to the losses. The audit office said the 11 firms have rectified the irregularities by adding or amending 1,194 internal rules, taking action against 190 staff, paid taxes of RMB178 million (US$28 billion) and mitigated losses of RMB3.3 billion. It did not say if anyone was punished, either internally or via the legal system. "

[Popeye82]

Weak credit survey shows China economy slowing - CER/BB/CBBI - Jun 23, 2014
www.chinaeconomicreview.com/weak-credit-survey-shows-china-e…

"China's economic development slowed further this quarter as capital spending showed weakness and fewer companies applied for credit, Bloomberg reported, citing a quarterly report by China Beige Book International.

Fewer than half of businesses reported higher investment, the smallest proportion and sharpest drop since the survey began ten quarters ago. The slowdown hurt hiring and wages, and interest rates offered by shadow lenders fell below those offered by banks. For the first time since the survey began, no sector showed improvement compared with the previous quarter. "

[Popeye82]

US slaps Chinese solar producers, with new tariffs - CER/R - Jun 4, 2014
www.chinaeconomicreview.com/node/65801

"The US Commerce department on Tuesday levied new import duties on solar panels from China after ruling they were produced using Chinese government subsidies, Reuters reported.

The US arm of German solar manufacturer SolarWorld filed a petition complaining that Chinese manufacturers are sidestepping duties imposed in 2012 by shifting production of the cells used to make their panels to Taiwan and continuing to flood the US market with cheap products. The new complaint seeks to close that loophole by extending import duties to also cover panels made with parts from Taiwan. The US accounted for about 10% of Chinese solar shipments last year. "

[Popeye82]

Regulator to roll out new rules, for P2P lending - CER/C - Jun 4, 2014
www.chinaeconomicreview.com/node/65800

"China's banking regulator is working on the country's first regulations for the peer-to-peer (P2P) loan industry, Caixin reported, citing sources with knowledge of the matter.

P2P lending websites will not be regulated as financial institutions and will instead be classified as a type of private lending. Experts hope this will clear up the legal ambiguity surrounding P2P websites, including the danger that their executives can be accused of illegal fundraisers, a crime punishable by death. This means that website operators will not be required to get financial licences, but it also limits the range of their operations. "

[Popeye82]

Beijing suspends FTZ applications, amid frenzy - CER/SCMP - Jun 5, 2014
www.chinaeconomicreview.com/node/65806

"The central government has suspended applications for new free-trade zones, South China Morning Post reported, citing a Communist Party magazine.

More than 20 local governments listed FTZ proposals in their annual reports this year in a rush to compete for the special status given to Shanghai last year, often viewing it as a preferential policy that promises land and funds without regard to local conditions. The FTZ freeze has called a halt to Guangdong's plans for an FTZ with Hong Kong and Macau, which already has Beijing's approval. "

[Popeye82]

Auditors uncover $1.000.000.000 fraud, in China’s grid construction - CER/R - Jun 18, 2014
www.chinaeconomicreview.com/node/65865

"The China National Audit Office has uncovered RMB6.7 billion (US$1.1 billion) in misappropriated funds in the construction and running of China’s west-to-east electricity-transmission system, Reuters reported.

On Monday, the government’s audit agency said the audit considered certain spending last year from April to July, a brief period for a multi-province project that began in 1993 and by this time last year had cost RMB179 million. The national grid-construction projects are part of a long-term solution to China's urban air pollution problems, which are blamed in part on coal-burning power plants. "

[Popeye82]

Surprise as Beijing blocks European shipping alliance - CER/BB/CMoC - Jun 18, 2014
www.chinaeconomicreview.com/node/65867

"China on Tuesday surprisingly blocked a shipping alliance formed by the world’s three biggest shipping lines, ignoring US and EU approval, Bloomberg reported.

The Chinese Ministry of Commerce said that the proposed P3 vessel-pooling accord, which included A.P. Moeller-Maersk (Maersk A.CPH), Mediterranean Shipping and CMA CGM, would “restrict competition” on the busiest Asia-Europe container routes. “The decision does come as a surprise,” Maersk Chief Executive Officer Nils Smedegaard Andersen said in an interview after the announcement that the P3 plan would now be scrapped. “I did not foresee problems in China. We only received what I would call positive feedback.” "

[Popeye82]

Top former NDRC official charged, with graft - CER/R - Jun 24, 2014
www.chinaeconomicreview.com/top-former-ndrc-official-charged…

"Liu Tienan, the former deputy chairman of China's National Development and Reform Commission, was charged with graft on Monday, Reuters reported, citing a statement by China’s state prosecutor.

Removed from his position in May last year and thrown out of the Communist Party in August, Liu will be the first ministerial-level official to face a probe after Xi Jinping took power in 2012 and announced a crackdown on corruption. State media have earlier reported that Liu had taken bribes for helping a businessman to defraud bank loans of over RMB1.25 billion (US$200 million) in 2011 for an investment in Canada. "

[Popeye82]

Flexible yuan could counter capital flows: PBOC economist - CER/R/PBoC - Jun 25, 2014
www.chinaeconomicreview.com/node/65900

"China needs to make the yuan more flexible to cope with rising capital flows, Reuters reported, citing Ma Jun, the chief economist at the central bank's research bureau.

Ma said that capital inflows into China’s bond market could increase as domestic bond yields are higher relative to overseas markets and that as China's capital account is already partially open, there could be "a substantial increase" in outbound foreign direct investment if China further loosens its grip on capital flows. As part of its ambitions to turn the yuan into a global currency, China plans to free up its capital account though authorities have said some restrictions will be kept in place. "

[Popeye82]

Mainland loans threaten HK banks: Moody's - CER/SCMP/M - Jun 27, 2014
www.chinaeconomicreview.com/node/65910

"Ratings agency Moody’s on Thursday issued a new warning saying that increased exposure to mainland borrowers poses risks to Hong Kong lenders and the city’s banking system, South China Morning Post reported.

Moody's first issued its health warning on Hong Kong banks in June 2013. Since then the local economy has slowed and mainland loans have swollen while credit conditions have worsened. Hong Kong's exposure to the mainland grew by 29% in 2013, accounting for 20% of total banking assets, or US$297 billion, by the end of last year. "

[Popeye82]

US will fight back over Chinese hacking, says ambassador - CER/BB - Jun 26, 2014
www.chinaeconomicreview.com/node/65904

"New US ambassador to China Max Baucus on Wednesday said his country will use diplomatic and legal means to impede China's computer theft of trade secrets, Bloomberg reported.

Relations have been strained since five Chinese military officers were indicted last month on charges of hacking US corporations for commercial ends. China rejected the charges and subsequently announced plans to vet technology companies operating there for potential security threats. State media also published attacks on Cisco Systems (CSCO.NASDAQ), Apple (AAPLE.NASDAQ) and Google (GOOGL.NASDAQ). "

[Popeye82]

State media excesses exposed, by auditors - CER/CNAO/R - Jun 26, 2014
www.chinaeconomicreview.com/node/65906

"China’s National Audit Office released a report on Wednesday outlining unauthorized spending discovered in 37 branches of government, including prominent state-run media, Reuters reported.

It said Xinhua had sent officials on unapproved overseas trips, and had spent RMB1.37 million (US$220,000) it should not have on 15 cars. Global Times was criticized for spending RMB6.6 million since 2009 on electrical equipment that bypassed the government procurement process, while People's Daily drew fire for entertaining guests in five-star hotels. The audit is the latest move in Xi Jinping’s anti-corruption drive, in which state-run media were supposed to take a leading role. "

[Popeye82]

Guangdong catches >1.000 "naked officials" - CER/FT/X - Jun 9, 2014
www.chinaeconomicreview.com/node/65821

"More than 1,000 “naked” officials have been caught and punished in an investigation in Guangdong province, Financial Times reported, citing Xinhua over the weekend.

The term “naked official” refers to cadres whose spouses and children live overseas. Xinhua said 200 provincial employees had asked their families to return from overseas, while another 866 officials had agreed to accept demotions instead as punishment. Many top Communist Party members have sent their children to study in the West, sparking popular resentment towards a perceived privilege and hypocrisy. The campaign is the latest move in Xi's on-going crackdown on graft and opulent spending. "

[Popeye82]

Guangdong catches >1.000 "naked officials" - CER/FT/X - Jun 9, 2014
www.chinaeconomicreview.com/node/65821

"More than 1,000 “naked” officials have been caught and punished in an investigation in Guangdong province, Financial Times reported, citing Xinhua over the weekend.

The term “naked official” refers to cadres whose spouses and children live overseas. Xinhua said 200 provincial employees had asked their families to return from overseas, while another 866 officials had agreed to accept demotions instead as punishment. Many top Communist Party members have sent their children to study in the West, sparking popular resentment towards a perceived privilege and hypocrisy. The campaign is the latest move in Xi's on-going crackdown on graft and opulent spending. "

[Popeye82]

China signals cut, in banking reserves ratio - CER/R - Jun 9, 2014
www.chinaeconomicreview.com/node/65818

"China’s banking regulator announced on Friday it would cut the required reserve ratio (RRR) for commercial banks that lent significantly to small firms and the farming sector, the third time China’s central bank proposed reducing the RRR since March, Reuters reported.

The move comes amid fears that rapid credit expansion and the nationwide property cooldown will prevent China from achieving its 7.5% growth target this year. The rate cut is part of a more nuanced approach, in which authorities selectively relax credit in areas that they believe require assistance, rather than let money seep into speculative or wasteful activities. "

[Popeye82]

China Announces Aggressive Action, to Cut HFCs - ENN/HFC/IGSD/SC/EPA/DoD/WH, WASHINGTON DC - May 28, 2014
www.enn.com/press_releases/4269
www.whitehouse.gov/the-press-office/2013/06/08/united-states…
www.whitehouse.gov/the-press-office/2013/09/06/united-states…
http://politics.people.com.cn/n/2014/0526/c1001-25065061.htm…
http://igsd.org/documents/HFCPrimerMay2014_001.pdf

"China announced an aggressive target for reducing emissions of hydrofluorocarbons (HFCs) by the equivalent of 0.28 billion tonnes of CO2 by 2015. The State Council released the HFC target to the public on 26 May 2014. It appeared on 15 May 2014 in the 2014-2015 Energy Conservation, Emissions Reduction and Low Carbon Development Action Plan.

China’s announcement follows two HFC agreements President Obama and President Xi negotiated last year, including an agreement to launch formal negotiations to reduce production and consumption of HFCs under the Montreal Protocol. The 20 largest economies also endorsed phasing down HFCs under the Montreal Protocol last year, leaving accounting and reporting in the UN Framework Convention on Climate Change.

On May 16, the Federated States of Micronesia filed a formal proposal to use the Montreal Protocol to phase down production and consumption of HFCs under the Montreal Protocol, and the North American countries (US, Canada, and Mexico) filed a similar proposal on May 9.

The US also is taking strong action to reduce HFCs domestically, as is the EU. HFCs are super greenhouse gases hundreds to thousands of times more potent in their warming impact than carbon dioxide, and are the fastest growing climate pollutants in many countries, including the U.S. EU, China, and India. Fast reductions by 2020 could provide the equivalent of up to 200 billion tonnes of CO2 in mitigation by 2050, and avoid up to 0.5°C in warming by 2100.

“China should be congratulated for its strong HFC target, which sets an example for the rest of the world to get on with the job of phasing out HFCs with high global warming potential,” stated Dr. Stephen O. Andersen, former Environmental Protection Agency (EPA) liaison to the Department of Defense (DoD) for climate and ozone, and former co-chair of the Technology & Economic Assessment Panel of the Montreal Protocol. “China’s action makes it increasingly inevitable that HFCs will be phased down under the Montreal Protocol, and soon.”


Contact Info:

Durwood Zaelke [e-mail], [phone]
Katie Fletcher [e-mail], [phone] "

[Popeye82]

New crackdown, on un approved government buildings - CER/R/X - Jun 30, 2014
www.chinaeconomicreview.com/node/65919

"China’s State Council has updated draft regulations in order to curb the construction of unapproved government buildings, requiring official approval of feasibility reports and design blueprints before building begins, Reuters reported, citing state news agency Xinhua.

Under the new regulations, all buildings with reception functions are considered off-limits. The regulation will also ban loans from financial institutes, sponsorships and fund-raising for unapproved projects. Officials and departments involved in these illegal construction projects will be named and shamed, and could be held criminally responsible, as part of the Party’s latest move to stamp out corruption and project a frugal image. "

[Popeye82]

Chinese banks biggest earners globally, in `13 - CER/R/BM - Jun 30, 2014
www.chinaeconomicreview.com/node/65918

"China’s top banks made US$292 billion in profits last year, representing 32% of the global industry’s record US$920 billion earnings, Reuters reported, citing The Banker magazine’s annual rankings by profits and capital strength.

Global profits were up 23% to their highest ever level, led by profits of US$55 billion at Industrial and Commercial Bank of China (1398.HKG, 601398.SHA), China Construction Bank (1939.HKG, 601939.SHA), Agricultural Bank of China (1288.HKG, 601288.SHA) and Bank of China (3988.HKG, 601988.SHA). In the strength rankings, China Construction Bank (0939.HKG, 601939.SHA) jumped to second from fifth, followed by JPMorgan (JPM.NYSE) and Bank of America (BAC.NYSE). "

[Popeye82]

Antwort auf Beitrag Nr.: 47.167.244 von Popeye82 am 18.06.14 06:39:44

China uses drones, to catch industrial polluters - CER/BB/CMoEP - Jun 30, 2014
www.chinaeconomicreview.com/node/65917

"Aerial drones have uncovered “serious environmental problems” at sites run by Shanxi Hauze Aluminium & Power and Inner Mongolia Yihua Chemical, Bloomberg reported, citing a statement by the Ministry of Environmental Protection on Saturday.

Unmanned aircraft with thermal infrared cameras covered 1,000 square kilometers across the regions of Hebei, Shanxi and Inner Mongolia from June 16-27. Data gathered by the drones indicate a quarter of the 254 businesses targeted may be involved in illegal practices. China is turning to drones in its ongoing fight against pollution, which has been scaled up this year. "

[Popeye82]

PBOC moves to calm local bank run - CER/FT - Mar 27, 2014
www.chinaeconomicreview.com/node/65470

"Local officials have taken emergency measures to calm panic as a run on Jiangsu Sheyang Rural Commercial Bank began to spread, Financial Times reported.

Hundreds of depositors have raced to pull their cash from the small rural bank in eastern China, in the latest sign of growing stresses in the country’s financial system. With the panic reaching other branches of the bank, the governor of Sheyang county reassured depositors in a video posted on the local government's website on Wednesday. Tian Weiyou, the governor, said that People’s Bank of China, the central bank, would protect depositors. "

[Popeye82]

Cautious optimism, as factory activity hits multi-month high - CER/R/NBoS - Jul 2, 2014
www.chinaeconomicreview.com/node/65927

"Chinese factory activity reached a several-month high in June, reinforcing signs that “mini-stimulus” measures have succeeded in steadying the economy, Reuters reported, citing official and private surveys.

The official Purchasing Managers' Index, published by the National Bureau of Statistics, hit a six-month high of 51 in June, while the HSBC PMI rose to 50.7 from May's 49.4, exceeding the 50-point level that separates growth in activity from contraction. Despite signs that the worst is over, Beijing may have to announce more stimulus measures in coming months to offset the increasing drag from the cooling property sector, analysts say. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.251.066 von Popeye82 am 03.07.14 01:28:24

Desperate developers offering home buy-back schemes - CER/BB - Jul 2, 2014
www.chinaeconomicreview.com/node/65926

"Developers in two of China's weakest housing markets are offering to buy back homes above the purchase price to boost sales as demand slows, Bloomberg reported.

In Hangzhou Shenheng Real Estate Group is letting homebuyers sell back their apartments in five years for 40% above the purchase price, whilst in Wenzhou DoThink Group is offering to purchase homes for 120% of the purchase price after three years. The offers are the latest strategy by developers across China as they seek to maintain sales targets. "

[Popeye82]

US bans auditor from China stocks - CER/WSJ - Jul 2, 2014
www.chinaeconomicreview.com/node/65931

"The US Securities and Exchange Commission has fined a US accounting firm US$50,000 and barred it from auditing any US-traded companies based in China, alleging that the firm mishandled the audit of a Chinese travel company, The Wall Street Journal reported.

The SEC said that EFP Rotenberg didn't adequately plan its audit of China's Universal Travel Group and didn't obtain enough evidence or show enough professional skepticism when it gave the company's financial statements a clean bill of health. Many US-traded companies based in China have encountered accounting or disclosure problems in the past few years. "

[Popeye82]

More websites, apps blocked, after HK protests - CER/R - Jul 4, 2014
www.chinaeconomicreview.com/node/65945

"Access to more online services including the Korean messaging apps Line and KakaoTalk, the photo-sharing website Flickr and Microsoft's (MSFT.NASDAQ) OneDrive cloud storage service have been blocked by the Chinese government in what activists believe is a move to block information about pro-democracy protests in Hong Kong, Reuters reported.

Some users of Chinese microblog Weibo Corp. (WB.NASDAQ) who commented on the protests also said that their accounts had been blocked or removed. On Tuesday, thousands of pro-democracy protesters marched in Hong Kong in one of the biggest challenges to Communist Party rule in more than a decade. "

[Popeye82]

South Korea agrees yuan-won trading link - CER/BB - Jul 4, 2014
www.chinaeconomicreview.com/node/65944

"South Korea and China will introduce direct trading between the won and the yuan in Seoul and promote greater use of the Chinese currency under an agreement reached on Thursday between the leaders of the two countries, Bloomberg reported.

South Korea also won an RMB80 billion (US$12.9 billion) quota for domestic investors to buy securities in China under the Renminbi Qualified Foreign Institutional Investor program. Sales of yuan-denominated debt in Seoul will be encouraged and a memorandum of understanding was also signed to appoint a yuan clearing bank in the city. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.263.838 von Popeye82 am 04.07.14 22:47:33

PBOC frees, retail yuan exchange rate - CER/R/PBoC - Jul 4, 2014
www.chinaeconomicreview.com/node/65943

"The People's Bank of China on Wednesday said it will allow banks to freely set yuan-dollar exchange rates for over-the-counter transactions, marking another step towards exchange rate liberalization, Reuters reported.

Banks previously had to price the OTC rate within 3% of the central bank's midpoint. "The liberalisation of the retail market implies that the PBOC believes the yuan has reached equilibrium," said analyst Cao Yang. However, the wholesale market that banks trade in must still abide by the midpoint rate, which will continue to influence the retail market. The change takes place immediately. "

[Popeye82]

China-Switzerland FTA comes, into effect - CER/BB - Jul 1, 2014
www.chinaeconomicreview.com/node/65924

"A free trade agreement between China and Switzerland that slashes import duties on 92% of industrial goods came into effect on Tuesday, Bloomberg reported.

China will cut tariffs on Swiss watches, machinery and chemical imports from companies including Swatch Group (UHR.VTX) and robot-maker ABB's (ABB.NYSE, ABBN.VTX) Swiss unit. Switzerland now has privileged access to a market that will keep demand in factories high. Swiss unemployment in the first quarter was 4.8%, less than half of that in the eurozone. China will overtake Germany as Switzerland's biggest export market by 2035, according to Credit Suisse. "

[Popeye82]

Report warns, banks' profit growth will slow this year - CER/R/CBA - Jul 1, 2014
www.chinaeconomicreview.com/node/65922

"Chinese banks could see net profit growth slow to 9% in 2014 from 14.5% a year earlier, Reuters reported, citing a new report by the China Banking Association.

"Banking institutions face challenges from increased volatility of short-term liquidity and rising credit risks due to the impact from economic slowdown, structural adjustment and efforts to reduce overcapacity," said the report. Domestic lenders recorded net profit of RMB1.42 trillion (US$228.9 billion) in 2013. "Market risks will rise along with interest rate liberalization, increased exchange rate flexibility and more frequent capital flows, but there will be no large-scale outbreak of liquidity risks." "

[Popeye82]

CBRC to ease rules, on loan-to-deposit ratio - CER/WSJ/CBRC - Jul 1, 2014
www.chinaeconomicreview.com/node/65925

"China's banking regulator on Monday said it will ease rules on banks' loan-to-deposit ratios in a bid to free up more funds to support economic growth, The Wall Street Journal reported.

Under current rules, Chinese banks must keep their loan-to-deposit ratios below 75%. The China Banking Regulatory Commission said in a statement that it will hold to the 75% ratio but that it will adjust the way it is calculated to allow banks to lend more cash. Loans will be classified more strictly, and deposits defined more broadly, effectively making for a relaxation of lending conditions. "

[Popeye82]

Police hold 5 fund managers, amid probe into wrongdoing - CER/SCMP/CSRC - Jul 7, 2014
www.chinaeconomicreview.com/node/65960

"Five China-based fund managers from HFT Investment Management are being held by police for further criminal investigation, as regulators clampdown on rampant insider trading, South China Morning Post reported.

The China Securities Regulatory Commission announced the detainments on Friday. The nationwide crackdown on the mutual fund industry is expected to shake up the stockmarket as dozens of rogue fund managers are netted in the coming months, said unnamed sources close to the CSRC. Powerful Chinese fund managers routinely take advantage of inside information to trade shares themselves by using the brokerage accounts of their relatives. "

[Popeye82]

Corruption inspector warns top elites are fair game - CER/R - Jul 7, 2014
www.chinaeconomicreview.com/node/65953

"The Central Commission for Discipline Inspection said on Friday that no one in the Communist Party's ruling elite is off-limits in its anti-corruption campaign, Reuters reported.

Officials last week announced that Xu Caihou, former vice chairman of the Central Military Commission, had been expelled from the Party and will be court-martialled on corruption charges. Xu is the most senior person to date to have been felled. Potentially even more significant is the case of former domestic security chief, Zhou Yongkang, who is allegedly under house arrest. While the party made no announcement about his case, many of his allies have been publicly taken down. "

[Popeye82]

New tax rules target Chinese firms' overseas investments - CER/SCMP/CSAoT - Jul 7, 2014
www.chinaeconomicreview.com/node/65959

"China has issued new rules aimed at strengthening tax collection from mainland companies with overseas investments and income, South China Morning Post reported, citing the State Administration of Taxation.

The new regulation, announced last Thursday, will take effect from September 1. Under the new rules, mainland companies filing their annual tax returns are required to disclose more information on foreign entities in which they have a controlling stake of 50% or more, either directly or indirectly. "[It] will allow the China tax authorities to gather additional information on domestic enterprises' offshore investments," the tax bureau said. "

[Popeye82]

Growth stabilized, in Q2: Li - CER/R - Jul 8, 2014
www.chinaeconomicreview.com/node/65965

"Chinese Premier Li Keqiang said on Monday that economic growth had increased in the second quarter of the year, but that further support measures will still be necessary to steady the economy, Reuters reported.

His remarks may boost market confidence ahead of China's second-quarter economic report due July 16. Analysts polled by Reuters expect China's growth for the April-June period to have steadied at 7.4%. To lift China's flagging economic growth, which hit an 18-month low of 7.4% in the first quarter of 2014, authorities have cut taxes, ordered regional governments to increase spending and reduced reserve requirements for banks. "

[Popeye82]

Macau faces growth threats, as foreign competition soars CER/BB/MGMCH - Jul 8, 2014
www.chinaeconomicreview.com/node/65964

"A senior business executive has warned that Macau's growth is being threatened by a slowing Chinese economy and rising foreign competition, Bloomberg reported.

Pansy Ho, co-chairman of MGM China Holdings, a casino giant, said that as Chinese tourists travel more frequently and farther afield, the city could gradually lose its appeal." We're already beginning to see that the customers coming through our doors are more demanding, they now know how to differentiate." The city has been affected by a slowdown in gambling growth in recent months as bettors cut spending amid a cooling economy and a nationwide crackdown on corruption in China. "

[Popeye82]

China awards Germany RMB80.000.000.000 investor quota - CER/BB - Jul 8, 2014
www.chinaeconomicreview.com/node/65966

"China on Monday granted Germany an RMB80 billion (US$12.9 billion) quota that will allow domestic investors to buy securities in China under the Renminbi Qualified Foreign Institutional Investor program, Bloomberg reported.

Strict regulations currently make it difficult to invest in Chinese companies. Frankfurt, Germany's financial capital, wants to build an offshore trading center for the Chinese currency after the European Central Bank agreed to a RMB350 billion swap line last year and the Bundesbank in March agreed to cooperate in the clearing and settlement of renminbi transactions with the People's Bank of China. "

[Popeye82]

Chinese lead increase, in foreign purchases of US property - CER/WSJ/NAoRS - Jul 9, 2014
www.chinaeconomicreview.com/node/65970

"Foreign purchases of US real estate increased 35% last year, with mainland Chinese forming the largest buyer contingent, The Wall Street Journal reported, citing a National Association of Realtors survey issued on Tuesday.

Chinese customers purchased US$22 billion in housing for the 12-month period ending in March, or around 24% of foreign sales by dollar volume, up from 19% during the year-earlier period. Total international purchases stood at US$92.2 billion, up from US$68.2 billion the year before. Chinese buyers "want to diversify because the housing market over there is waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay too hot," and because of political uncertainty, said William Yu, a UCLA economist. "

[Popeye82]

China to raise subsidies, for rooftop solar installations - CER/SCMP - Jul 9, 2014
www.chinaeconomicreview.com/node/65971

"China will increase the subsidy on power sales by rooftop solar farm developers to state-owned power distributors by up to 55%, South China Morning Post reported, citing industry executives.

The consensus, reached two weeks ago and pending Beijing's approval, is aimed at relieving financing difficulties that have hindered rooftop installations. Developers would receive a subsidy of RMB0.95 (US$0.15) to RMB1 per kilowatt-hour, equivalent to that of ground installations. Currently, rooftop projects receive a subsidy of RMB0.42 per kWh. State-owned distributors would also provide long-term commitments on behalf of end users and act as bill collection agents. "

[Popeye82]

China HSBC flash PMI hits 18-month high, in July - CER/R/HSBC - Jul 25, 2014
www.chinaeconomicreview.com/node/66048

"China's manufacturing activity reached an 18-month high in July as the government stimulus worked its magic, Reuters reported, citing a preliminary HSBC survey.

The HSBC Flash China Manufacturing Purchasing Managers' Index rose to 52 in July from June's final reading of 50.7, beating a forecast of 51 in a Reuters poll. It was the highest reading since January 2013, and above the 50-point level that separates growth in activity from contraction for the second consecutive month. "Economic activity continues to improve in July, suggesting that the cumulative impact of mini-stimulus measures introduced earlier is still filtering through," said Qu Hongbin, chief economist for China at HSBC. "We expect policymakers to maintain their accommodative stance over the next few months to consolidate the recovery." "

[Popeye82]

Food safety scandal spreads, to foreign suppliers - CER/BB - Jul 25, 2014
www.chinaeconomicreview.com/node/66047

"China's current food safety scandal is the first involving foreign food brands, Bloomberg reported.

Products from global food chains, including McDonald's (MCD.NYSE) and Yum! Brands' (YUM.NYSE) KFC and Pizza Hut, were found to have been made with spoiled meat sourced from a Chinese unit of Illinois-based OSI Group. While such scares have exploded frequently in China since toxic milk sickened 300,000 infants six years ago, those have centered on local suppliers. The scandals initially benefitted foreign food brands, which were seen as safer, but now consumers are increasingly suspicious of all food producers in China. "

[Popeye82]

China doubles pace of adding renwables, amid pollution cut - E-B/BB/IEA - Dec 4, 2013
www.eco-business.com/news/china-doubles-pace-adding-renwable…

"China doubled the pace of adding renewable energy capacity in the first 10 months of the year as the government worked to cut pollution in its largest cities.

Including nuclear power, the nation installed 36 gigawatts of clean energy capacity in the 10 months through Oct. 31, the National Energy Administration said today in a statement on its website. Wind power increased by 7.9 gigawatts, while solar rose 3.6 gigawatts and nuclear expanded 2.2 gigawatts. Hydro electric power accounted for the remainder.

The additions bolster China’s case that it’s tackling climate change by using less-polluting forms of energy in economy that has surpassed the U.S. as the biggest polluter. China is on course by 2035 to add more electricity generating capacity from renewables than the U.S., Europe andJapan combined, according to the International Energy Agency.

“The proportion of renewables in the total power capacity will keep rising before 2030 on government support and declining costs,” said Charlie Cao, an analyst at Bloomberg New Energy Finance in Beijing.

China has been the world’s biggest renewable energy market by cumulative installed capacity excluding nuclear power since 2011, according to data from BNEF.

The government in January set a plan to add 49 gigawatts of renewable-energy capacity this year to boost power production without increasing its reliance on fossil fuels. Newly installed capacity totaled about 33 gigawatts for all of 2012, according to data compiled by Bloomberg.

From Jan. 1 to Oct. 31, renewables accounted for more than half of all new power capacity, the NEA said. In a further sign the country is trying to wean itself off fossil fuels, electricity from coal-fired power plants may fall to 69.6 percent of all new capacity this year, compared with 71.5 percent in 2012, the agency forecasts.

Grid-connected solar capacity on a cumulative basis could triple to 10 gigawatts by the end of the year from 2012, while wind capacity may rise by 22 percent and nuclear by 17 percent, the agency forecasts. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.381.782 von Popeye82 am 27.07.14 21:14:55

China to welcome private, foreign investment in green energy - E-B/R - Nov 16, 2013
www.eco-business.com/news/china-welcome-private-foreign-inve…

"China will open its energy conservation and environment protection industries to foreign and private investment, state media reported Friday, quoting comments by premier Li Keqiang made at a meeting in Beijing.

Li’s remarks may signal a change in China’s approach to the clean energy sector, which has used government subsidies to create national champions and been criticised as protectionist in nature.

He told foreign members of the China Council for International Cooperation on Environment and Development on Thursday that China is willing to work with the international community to strengthen technology and other forms of cooperation to improve the environment.

“We encourage private capital to enter the field,” the official China Daily quoted Li as saying.

At present foreign companies can invest in equipment manufacturing, but can only have limited stakes in clean energy projects like wind farms.

The comments come as central and provincial governments remain stymied in their attempts to get runaway air and water pollution under control, with air quality levels in major cities often far exceeding recommended healthy limits.

At the same time the country’s rising energy costs, which are aggravated by hastily built energy-inefficient buildings thrown up during the country’s real estate investment spree, are putting its wider economic competitiveness at risk.

The shale gas revolution in the United States has made average U.S. energy prices far cheaper than in China and economists say this development, in tandem with rising costs for labour and industrial land, means China risks losing its price advantage over U.S. manufacturers.

The government’s strategy of using subsidies to create national champions in wind and solar energy was partly successful in that it spawned some of the world’s largest manufacturers of solar panels and wind turbines. But it also created an investment glut as local governments rushed to jump on the investment bandwagon.

Many solar power and wind farms remain disconnected from the main power grid and the country still remains overwhelmingly dependent on domestic coal and imported fossil fuels to drive its economy.

The strategy has also caused significant tensions with trading partners who have complained that Chinese clean energy companies were dumping product in their markets, prompting some to apply tariffs to Chinese companies.

In his speech Li signalled he wanted a less contentious trading environment.

“We also hope China’s energy conservation and environmental protection products will enter the overseas market, and we will open the industry to the international market.” "

[Popeye82]

Tencent gets nod, to establish private bank - CER/BB - Jul 28, 2014
www.chinaeconomicreview.com/node/66060

"Tencent (0700.HKG) is among the companies approved by the China Banking Regulatory Commission to establish three privately owned lenders, Bloomberg reported, citing a statement from the CBRC on Friday.

Tencent, Asia's largest internet company, will set up the bank in its homebase of Shenzhen with Baiyeyuan and Liye Group. That bank will focus on consumers and smaller businesses. The announcement was the latest step in a trial program announced in March to create five privately opened banks to help smaller businesses gain access to credit. The other banks will be based in Wenzhou and Tianjin. "

[Popeye82]

Beijing sets new limits on industry, to slash pollution - CER/R - Jul 28, 2014
www.reuters.com/article/2014/07/25/us-china-environment-beij…
www.chinaeconomicreview.com/node/66057

"Beijing has imposed new limits on the expansion of polluting and resource-intensive industries, Reuters reported.

In a list of restrictions published on its website late on Friday, the municipal government said it would ban the further expansion of a wide range of industries, including food processing, textiles, construction materials, paper making, chemicals and oil refining. It said in an accompanying statement that the list had been drawn up to serve the capital's plans to restructure its economy and promote integrated development with the neighboring regions of Hebei and Tianjin. "

[Popeye82]

China launches antitrust probe, against Microsoft - CER/FT - Jul 29, 2014
www.chinaeconomicreview.com/node/66065

"Microsoft (MSFT.NASDAQ) said it was under an antitrust investigation in China, as officials from the State Administration for Industry and Commerce visited some of its local offices on Monday, Financial Times reported.

Microsoft's offices in Beijing, Shanghai, Guangzhou and Chengdu were all the subject of unannounced visits from the SAIC, one of three Chinese antitrust bodies, Chinese media reported on Monday. The investigation is the latest setback for Microsoft in China, following a ban on central government purchases of its Windows 8 PC software, which was imposed in May over alleged concerns about security. "

[Popeye82]

Water shortage raises need, for more food imports: Official - CER/R/cMoEP - Jul 29, 2014
www.chinaeconomicreview.com/node/66061
www.reuters.com/article/2014/07/28/china-environment-idUSL4N…

"China should increase food imports to spare more of its scarce water supplies for energy production, Reuters reported, citing Mu Guangfeng, the head of the environment impact assessment office at the Ministry of Environmental Protection.

Mu told a conference on Monday that China should open up further to overseas food supplies and put stricter limits on the consumption of water for agriculture in areas like Xinjiang. He said China, the world's top manufacturing nation, sends thousands of ships to overseas ports and many of them return empty. Filling them with grain would be an ideal solution. "

[Popeye82]

State Council announces more easing, of hukou system - CER/BB - Jul 31, 2014
www.chinaeconomicreview.com/node/66074

"China will begin to relax its hukou, or household registration, system by removing the distinction between rural and urban residents, Bloomberg reported, citing a Tuesday statement from the State Council.

Rural people won't have to give up rights to countryside land and collective undertakings to get city permits, according to the statement. The shift reflects a broader push to increase China's urban population from 54% in 2013 to 60% in 2020. The government also hopes giving migrant workers city permits will spur demand in the property market and wean the economy's dependence on infrastructure investment. "

[Popeye82]

Zhou Yongkang probe could clear obstacles, to reform - CER/SCMP - Jul 31, 2014
www.chinaeconomicreview.com/node/66077

"Beijing's announcement of an anti-graft investigation into former security chief Zhou Yongkang tackles a major obstacle to the leadership's agenda for reform, South China Morning Post reported.

Analysts say it would be the right time for Xi to refocus on structural reforms, such as overhauling tax, fiscal and financial systems. Critics said these reforms had proceeded too slowly because of the leadership's focus on the anti-corruption campaign and efforts to stem an economic growth slowdown. "

[Popeye82]

Mercedes-Benz parts prices in China face cuts: Daimler - CER/BB - Aug 4, 2014
www.chinaeconomicreview.com/node/66094

"Daimler AG (DAI.ETR) announced that it will cut prices for Mercedes-Benz spare car parts in China by an average 15% starting next month amid a government probe into potential price manipulation in the auto sector, Bloomberg reported.

The reductions will include more than 10,000 products covering all Mercedes-Benz models, with a 29% decrease on windshields, the company said in an e-mailed statement Sunday. Daimler has joined Volkswagen AG's Audi brand in lowering prices on spare parts and the cost of after-sales services as China steps up scrutiny of the business practices of foreign companies. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.379.628 von Popeye82 am 27.07.14 01:36:02

Chinese officials detain six, in tainted meat scandal: Xinhua - CER/R/XNA - Aug 4, 2014
www.chinaeconomicreview.com/node/66090

"Chinese police detained six executives from Shanghai Husi Food, which reportedly supplied tainted meat to McDonald's and KFC-parent Yum! Brands (YUM.NYSE), Reuters reported, citing state media.

Official Xinhua News Agency reported that Shanghai's chief of police and deputy mayor Bai Shaokang told local radio that the executives of Shanghai Husi Food, a unit of U.S.-based OSI Group, had been taken into custody. Regulators closed the Shanghai Husi plant on July 20. After the scandal broke, Yum quickly cut all ties with OSI, which was not a significant supplier to the chain. McDonald's, which was much more dependent on the supplier, also ended its relationship with OSI China. "

[Popeye82]

PBOC to avoid broad monetary easing - CER/BB/PBoC - Aug 4, 2014
www.chinaeconomicreview.com/pboc-avoid-broad-monetary-easing

"The People's Bank of China announced that it will not pursue broad monetary easing policies in order to avoid risky increases in debt and inflation, Bloomberg reported, citing the PBOC's second-quarter monetary policy report released on Friday.

Governor Zhou Xiaochuan is trying to meet this year's target of 7.5% economic growth without resorting to broader easing. The PBOC has turned to unconventional tools including relending and selective cuts to banks' reserve ratios to channel credit to areas like public housing and small companies. "It's not appropriate to expand overall liquidity sharply, to solve structural problems," the central bank said in its report. "

[Popeye82]

China blacklists Kaspersky, Symantec, over security concerns - CER/BB - Aug 5, 2014
www.chinaeconomicreview.com/node/66097

"China's procurement agency has removed antivirus software from Kaspersky Lab and Symantec Corp (SYMC.NASDAQ) from its list of approved software due to security concerns, Bloomberg reported, citing anonymous sources.

The exclusion follows a June notice from the Public Security Ministry that Symantec software contained security loopholes that could allow outside access, sources said. The exclusion only applies to "certain types of procurement," and Symantec will continue to bid on Chinese government projects, spokeswoman Karen Batch said. China has stepped up scrutiny of foreign companies after Edward Snowden’s revelations of a NSA spying program and the espionage indictments of five PLA officers. "

[Popeye82]

Private firms overtake SOEs, as banks' biggest IPO clients - CER/CS/T - Aug 5, 2014
www.chinaeconomicreview.com/node/66100

"For the first time, investment banks in China have raised more money from assisting with private sector IPOs than state-owned enterprise IPOs, Financial Times reported, citing Credit Suisse.

Just a third of banks’ fees from equity-raising this year have come from state-owned companies, compared with more than half in 2013, and an average of two-thirds during the boom years of Chinese listings between 2005 and 2010. The swing is a sign of the state-owned sector’s interest in broadening its funding options beyond raising equity, as well as its decreased interest in pursuing listings since Beijing signalled plans to reform the sector. "

[Popeye82]

China holds Canadian coffee shop owners, over espionage - CER/FT/XNA - Aug 6, 2014
www.chinaeconomicreview.com/node/66104

"The Canadian owners of a coffee shop in Dandong, China, are being investigated for espionage, Financial Times reported, citing Xinhua .

Kevin and Julie Dawn Garratt's shop overlooked a bridge running across the Yalu River to North Korea, site of frequent Chinese military traffic. The Xinhua report did not say whether the couple had been detained but their son told the BBC that he had not been able to contact his parents since Monday. The Chinese investigation appeared to be a response to an announcement by the Canadian government last week that its National Research Council had been hacked, by the Chinese government . "

[Popeye82]

China money market rate falls, to two-week low - CER/BB/PBoC - Aug 6, 2014
www.chinaeconomicreview.com/node/66105

"China's seven-day repurchase rate, a gauge of interbank funding availability, has fallen 0.15% to a two-week low of 3.66% on signs the central bank believes there is enough liquidity to withdraw funds for another week, Bloomberg reported.

The People's Bank of China sold RMB30 billion (US$4.9 billion) of 14-day repurchase agreements on Tuesday at 3.7%. "It looks like the PBOC will have another net withdrawal this week, which means it believes there’s enough liquidity in the banking system," said analyst Chen Peng. "Its focus will continue to be on lowering funding costs for some sectors by targeted easing measures, rather than to flood the market with money." "

[Popeye82]

Monopoly regulators probe Mercedes Shanghai office - CER/BB - Aug 6, 2014
www.chinaeconomicreview.com/node/66106

"Anti-monopoly commission officials on Monday visited Daimler's (DAI.ETR) Mercedes-Benz Shanghai office unannounced and questioned staff, Bloomberg reported.

The visit came only a day after Daimler announced it was cutting spare parts prices in response to monopoly accusations. The National Development and Reform Commission is probing practices by Mercedes, larger German luxury-auto producers Audi (NSU.ETR) and BMW (BMW.ETR), and Japanese carmakers to see whether they are inflating prices for spare parts. "The timing is a bit confusing” for the Mercedes raid, said analyst Han Weiqi." It may be because the cut hasn’t met the authorities’ expectations." "

[Popeye82]

China +US sign deals on climate change, Sharing of information on clean coal power technology among eight pacts between world's two biggest emitters - TG/R - Jul 9, 2014
www.theguardian.com/environment/2014/jul/09/china-and-us-sig…

"The United States and China on Tuesday signed eight partnership pacts to cut greenhouse gases, bringing the world's two biggest carbon emitters closer together on climate policy.

The deals, which involve companies and research bodies, were signed in Beijing ahead of a two-day visit to China by top Obama administration officials, including Secretary of State John Kerry, Treasury Secretary Jack Lew and Energy Secretary Ernest Moniz.

The signing was attended by Xie Zhenhua, vice chairman of China's influential economic planner, the National Development and Reform Commission (NDRC), Todd Stern, the lead US climate treaty negotiator at the US State Department, Obama adviser John Podesta and Lee Zak, director of the US Trade and Development Agency.

In one of the memoranda of understanding (MOUs), China's Huaneng Clean Energy Research Institute, a subsidiary of state-owned power company China Huaneng and Washington-based Summit Power Group agreed to share information on clean coal power generation technology.

Huaneng is part of a Chinese consortium operating a 400-MW pilot integrated gasification combined cycle plant in Tianjin.

Under the pact, Huaneng will share information with Summit Power, which is expected to soon break ground on a similar project in Texas after it secures engineering and procurement support from Petrochina and Chinese engineering firm Huanqiu Contracting and Engineering.

The MOU is expected to be signed on Wednesday in Beijing.

Summit, in turn, will share information and technology for recovering oil from captured carbon.

"This (pact) accelerates sharing of information on carbon capture and storage for power," said Julio Friedmann, deputy assistant Secretary for Clean Coal for the US Department of Energy.

The partnership will be a boon to both countries, said Laura Miller, a former mayor of Dallas who now manages the Texas Clean Energy Project.

"We will be sharing expertise, years of development experience and non-proprietary technology on both projects, all while making giant steps forward for the world's environment," she said in an interview.

Another project partners West Virginia University with Yanchang Petroleum on an industrialized demonstration of ultra-cleaning technology in northern Shaanxi province.

The University of Kentucky, another coal state university, will partner with Shanxi Coal International Energy Group and Air Products and Chemicals Inc on a project feasibility study for a 350MW supercritical coal-fired power plant that can capture 2 million tonnes of CO2 a year.

At a news briefing in the Chinese capital on Wednesday, the NDRC's Xie welcomed the closer partnership of the world's top two CO2 emitters, but said more was needed in areas such as technological cooperation.

"Developing countries are most concerned that they get funds and technological support from developed countries," he said. "On this issue, we are still having great difficulties and we have to put forth more effort."

China has led the way in trying to persuade developed countries to set up financing mechanisms to help poorer nations cut emissions and adapt to climate change.

The issue remains a major stumbling-block in talks on a new global accord, with the United States and others reluctant to commit funds.

Xie told Chinese media on Tuesday that wider two-way talks would include a special high-level meeting on climate change, focused on discussing domestic and international policies and possible cooperation.

The US delegation is in China for the sixth round of the US-China Strategic and Economic Dialogue, which are high-level meetings on cooperation in areas from security to agriculture. "

[Popeye82]

China to punish Audi, Chrysler, for antitrust behavior - CER/R - Aug 7, 2014
www.chinaeconomicreview.com/node/66109

"China's anti-trust regulator said on Wednesday it would punish Audi and Chrysler after an investigation found the two luxury car markers has pursued monopoly practices, Reuters reported.

Chrysler is owned by Fiat SpA (F.BIT) while Volkswagen (VOW.XETRA) owns Audi, and both are premium brands in China. The regulator, the National Development and Reform Commission, said an ongoing investigation into the two companies showed they had "conducted anti-competitive behaviors." "They will be punished accordingly in the near future," NDRC spokesman Li Pumin told a press conference in Beijing. "

[Popeye82]

Microsoft, Accenture offices raided , in anti-trust probe - CER/R - Aug 7, 2014
www.reuters.com/article/2014/08/06/us-microsoft-china-idUSKB…
www.chinaeconomicreview.com/node/66108

"China's anti-trust regulator conducted new raids on Microsoft (MSFT.NASDAQ) and its partner in China Accenture (ACN.NYSE) after the announcement last that Microsoft was being investigated for antitrust practises, Reuters reported, citing the agency's website.

The State Administration for Industry and Commerce raided offices in Beijing, Liaoning, Fujian and Hubei, it said. The SAIC also raided the Dalian offices of IT consultancy Accenture, to whom Microsoft outsources financial work, according to the regulator. "

[Popeye82]

China eases monetary policy, but credit losing its punch - CER/BB - Aug 11, 2014
www.bloomberg.com/news/2014-08-10/china-loosens-monetary-con…
www.chinaeconomicreview.com/node/66130

"China loosened monetary policy last quarter at the fastest rate in nearly two years as new credit was shown to have a weakening effect on economic growth, Bloomberg reported, citing Bloomberg's China Monetary Conditions Index.

The central bank on August 8 announced a RMB12 billion (US$1.9 billion) quota for re-discounted loans to spur credit to small businesses and agriculture, building on previous moves to support the sectors. "The government is generally trying to walk a fine line between loosening credit enough to get the economy going, but not to allow there to be another credit boom," said Stephen Green, chief China economist at Standard Chartered. "

[Popeye82]

Shanghai-HK Connect sellers to face restrictions - CER/BB/HKE&C - Aug 11, 2014
www.bloomberg.com/news/2014-08-10/hkex-says-investors-to-fac…
www.chinaeconomicreview.com/node/66127

"Investors who want to sell Shanghai shares through the Shanghai-Hong Kong Connect will be required to submit an application before 07:30am the day of the trade in order to allow the two exchanges to settle the trade in compliance with mainland China regulations, Bloomberg reported, citing the Hong Kong Exchanges & Clearing.

The rule is more restrictive than the so-called T+2 settlement system used in Hong Kong and other major stock markets, which allows investors to buy and sell shares without transferring cash or the securities before the trades. The exchange link is set to start on October 13. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.453.605 von Popeye82 am 07.08.14 10:04:13

MOFCOM official says China 'pricing probes are fair' - CER/AFP/XNA/SCMP - Aug 11, 2014
www.scmp.com/business/china-business/article/1570830/china-v…
www.chinaeconomicreview.com/node/66131

"A Chinese official has said that foreign enterprises in China are not being singled out for anti-monopoly probes, Agence France-Presse reported, citing state media.

"Looking back at the past six years after the anti-monopoly law took effect, both domestic and foreign firms have been probed according to the law," Xinhua quoted Ministry of Commerce spokesman Shen Danyang as saying. Shen also said anti-monopoly probes were meant to promote fair competition and protect consumer rights, adding such investigations were also common practice internationally. In the past month firms including automaker Audi (NSU.ETR) and Microsoft (MSFT.NASDAQ) have been investigated over pricing. "

[Popeye82]

Growth in trust assets slows - CER/BB/CTA - Aug 12, 2014
www.chinaeconomicreview.com/node/66133

"Chinese trust companies' assets under management climbed 6.4% to RMB12.5 trillion (US$2 trillion) as of the end of June from three months earlier, Bloomberg reported, citing the China Trustee Association on Monday.

That is the slowest growth since the first quarter of 2012 and compares with an average annual gain of 50% since 2008. The average yield of trust products rose to 6.87% in the second quarter from 6.44% three months earlier. The quarterly increase in assets under management was RMB751 billion. The slowdown comes amid a government crackdown on shadow banking and investors reassess the risks of the high-yield investments. "

[Popeye82]

China to step up support, for indebted railway sector - CER/R - Aug 12, 2014
www.reuters.com/article/2014/08/11/china-railways-idUSL4N0QH…
www.chinaeconomicreview.com/node/66134

"China will allow railway firms to generate more income from land development and from building new transport hubs in the latest move to step up financial support for the debt-laden sector, Reuters reported, citing a statement by the Chinese government.

Under guidance issued by the cabinet, the government will "support railway transport firms to revitalize the use of existing construction land through independent development, transfer, lease or other means." China Railway Corp. (601186.SHA), the national railway operator, has said it would raise its annual investment by RMB20billion (US$3.2billion) to RMB720 billion in 2014 to increase the number of lines it plans to build. "

[Popeye82]

US home to over 150 Chinese "economic fugitives" - CER/R - Aug 12, 2014
www.reuters.com/article/2014/08/11/us-china-corruption-idUSK…
www.chinaeconomicreview.com/node/66136

"More than 150 economic fugitives, many of whom are corrupt officials or suspected of graft in China, are at large in the US, Reuters reported, citing state media.

Beijing has long grappled with the issue of so-called "naked officials" - government workers who use foreign family connections to illegally shift assets out of China or to avoid investigation. Last month, China launched what it called a "fox hunt" for corrupt officials, saying it will track down fugitives around the world and punish them. However, there is no extradition treaty between China and the US, and foreign governments have expressed reluctance to hand over Chinese suspects as they could face the death penalty in China. "

[Popeye82]

China Merchants +Sinotrans to set up tanker JV - CER/R - Aug 13, 2014
www.chinaeconomicreview.com/node/66140

"Two of China's largest shipping firms are forming a US$1.1 billion crude oil tanker joint venture, Reuters reported.

State-backed China Merchants Energy Shipping and Sinotrans & CSC Holdings are forming a very large crude carrier (VLCC) joint venture, with the former providing US$566 million in assets, including nine VLCCs, for a 51% stake, and the latter pumping in U$544 million in cash, China Merchants said in a statement late on Monday. The deal is being done with a view to build up China's fleet, as the world's second-largest oil consumer seeks better control over its oil imports. "

[Popeye82]

Tencent +Sinopec discuss , potential collaboration - CER/SCMP - Aug 13, 2014
www.scmp.com/business/china-business/article/1572124/sinopec…
www.chinaeconomicreview.com/node/66139

"Sinopec (SNP.NYSE, 600028.HKG, 0386.SHA) parent China Petroleum & Chemical Corp. and internet giant Tencent (0700.HKG) are in talks over potential collaboration, South China Morning Post reported.

Fu Chengyu, the chairman of China Petrochemical, has met internet giant Tencent president Martin Lau Chi-ping, China Petrochemical said in a statement. Sinopec is in the process of selecting potential strategic and financial investors to buy up to 30% of its fuel distribution unit. An analyst said the potential co-operation might be in payment - the topping up of fuel and convenience stores payment cards and virtual payment cards, or online advertising. "

[Popeye82]

China prohibits some US pork imports, using feed additives - CER/R/USDoA - Aug 13, 2014
www.chinaeconomicreview.com/node/66137

"China has barred pork imports from six US processing plants and six cold storage facilities effective from Wednesday to enforce its ban on the use of a feed additive that promotes lean muscle growth, Reuters reported, citing the US Department of Agriculture.

China currently requires third-party verification that US pork shipped to the country is free of the additive ractopamine, which is sold for hog farm use under the name Paylean. Pork packing plants now ineligible to export to China include Tyson Foods (NYSE.TSN) plants in Perry and Storm Lake, Iowa, along with the company's facility in Logansport, Indiana. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.453.572 von Popeye82 am 07.08.14 10:01:28

European Chamber criticizes antitrust practices, in China - CER/ECoC/BB - Aug 14, 2014
www.bloomberg.com/news/2014-08-13/china-s-henan-said-to-ask-…
www.chinaeconomicreview.com/node/66145

"The European Chamber of Commerce said in a statement on Wednesday that there have been allegations of Chinese antitrust authorities using intimidation tactics to convince European companies to submit to penalties without a hearing and warning companies not to challenge investigations or to involve lawyers, governments or chambers of commerce, Bloomberg reported.

Names of companies being probed have also been reported in the media during investigations, which is "highly unlike rule-of-law behavior," said chamber vice president Stefan Sack. The comments come as authorities pressured seven carmakers in the past month to cut prices and raided the offices of software maker Microsoft (MSFT.NASDAQ). "

[Popeye82]

Henan urges banks to finance local coal, solar companies - CER/BB - Aug 14, 2014
www.bloomberg.com/news/2014-08-13/china-s-henan-said-to-ask-…
www.chinaeconomicreview.com/node/66143

"Henan province last week asked eight Chinese banks including Bank of China (3988.HKG, 601988.SHA) to support struggling local coal and solar companies with loans at preferential interest rates, Bloomberg reported, citing anonymous officials.

The coal companies are Henan Energy & Chemical Industry Group, Zhengzhou Coal Industry Group and China Pingmei Shenma Group, according to the officials. Domestic coal companies are struggling after domestic prices fell to the lowest in seven years. Banks were also urged to keep financing Phonenix Photovoltaic Technology. "

[Popeye82]

Bank of China doubles bad loan provisions - CER/BB - Aug 20, 2014
www.bloomberg.com/news/2014-08-19/bank-of-china-profit-growt…
www.chinaeconomicreview.com/node/66171

"With nonperforming loans now at a five-year high of RMB 89.5 billion (US$14.56 billion) and growth slowing to a five-quarter low, state-owned Bank of China more than doubled provisions for bad loans in the second quarter to RMB 12.7 billion, Bloomberg reported based on figures released by the company yesterday.

Net income rose 8.5 percent to RMB 44.4 billion, and the bank had RMB 8.4 trillion of loans outstanding as of June 30, up 11% from the end of last year. Its capital adequacy ratio, a measure of financial strength, was 11.8 percent, down from 12.5 percent in December, and its Tier-1 buffer was 9.37 percent. "

[Popeye82]

AVIC Aircraft sees turbulence, in H1 - CER/SCMP - Aug 20, 2014
www.chinaeconomicreview.com/node/66168

"Avic Aircraft's steep losses in the first half of the year may indicate that Beijing's dream of Chinese planes competing with the likes of Boeing may not be realized for years, reported South China Morning Post.

The Xi'an-based company reported losses yesterday with revenue dropping 10.73% to RMB7.04 billion (US$1.15 billion). Avic blamed the poor results on the delivery schedule of its products: with a yearly target of delivering 10 aircrafts, the company only managed to deliver one Modern Ark jet in the first half. Analysts are not optimistic that the mainland's home-grown aircraft will be a hit. "

[Popeye82]

Foreign investors rally, behind China's undervalued stocks - CER/R/MSF - Aug 20, 2014
www.reuters.com/article/2014/08/19/us-china-offshore-rqfii-i…
www.chinaeconomicreview.com/node/66170

"Billions of dollars are flowing into Hong Kong's Yuan-denominated exchange-traded funds as offshore investors rally behind China's undervalued stocks, Reuters reported, citing data from researcher Morningstar.

As a scheme to allow more foreign inflows into Chinese stocks draws near, fund managers are wagering on a sustained rebound for the Shanghai Composite Index .SSEC after a prolonged four-year slump has opened up opportunities to buy on the cheap stocks. ETFs under the Renminbi Qualified Foreign Institutional Investor (RQFII) posted significant net inflows of RMB8.2 billion (US$1.33 billion) last month, the highest since December 2012 and nearly doubling from June. "

[Popeye82]

Future still cloudy, for China's 1st corporate bond default - CER/BB/FN - Aug 19, 2014
www.bloomberg.com/news/2014-08-18/china-s-first-bond-default…
www.chinaeconomicreview.com/node/66167

"No clear restructuring plan emerged from a Monday meeting of holders of China's first corporate bond to default, Bloomberg reported, citing an investor in attendance who also said there had been difficulty in assessing the overseas assets of Shanghai Chaori Solar Energy Science & Technology.

The company was responsible for the first onshore bond default in China when it paid just RMB4 million (US$651,000) of an RMB89.8 million coupon due in March on its 2017 bonds. Meanwhile, Financial News, an official publication of People's Bank of China, asserted in a front-page commentary that regulators would "strengthen monitoring and supervision to solve crises in a timely manner" to prevent large-scale bond defaults. "

[Popeye82]

For a better future urban environment China needs to break up, its megacities - CER - Aug 21, 2014
www.chinaeconomicreview.com/node/66178

"Barely two decades ago China was known as the “Kingdom of Bicycles” and cars were a rare sight on the streets. Now there is hardly any room to park. The likes of Shanghai and Guangzhou have morphed into giant urban centers as millions of new arrivals flooded in to pursue economic opportunities. They are widely touted as examples of the new Asian megacity.

As China reaches the limits of its current export and investment-based growth model, its biggest cities have also begun to reach a developmental limit. The megacity no longer appears to be a sustainable path forward. Changing track will not be easy, but plans are already underfoot to break existing megacities up into clusters with a central hub surrounded by smaller cities.

Across the country, in Shanghai and Suzhou, in Beijing and Tianjin, and in the Pearl River Delta around Guangdong and Shenzhen, cities are linking up, clustering together into urban units of a truly grand scale – approaching and potentially exceeding 100 million people. By building stronger physical and economic links with their surrounding areas, big cities can relocate industry, jobs and people, making them less dense and more efficient. The formation of these clusters is not simply the future of the urban landscape, but the future of China’s development.


Megacity vs. cluster

The sheer scale of this phenomenon is dizzying, to be sure, and not a little bit confusing thanks to a complicated nomenclature. The terms megacity and cluster cities are often used interchangeably to describe what is going on, but in fact each has a distinctive meaning, and the differences are crucial to China’s development.

“Megacity” is a hefty term. Written in proper, that big capital “M” imparts a swagger commensurate with the cities themselves. It conjures up an image of towering skyscrapers by the dozens, hundreds of kilometers of subway track, people and cars filling the streets, big money, big opportunity… and big smog, too. But like most buzzwords, it’s a bit more fanciful than descriptive.

The United Nations officially defines a megacity as any municipality with over 10 million residents – an arbitrary but convenient benchmark. However, this doesn’t account for how municipal boundaries are drawn. For example, it’s easy to be wowed by Shanghai’s 24 million people versus the eight million in New York City. But it is often omitted that Shanghai covers an area five times that of the Big Apple that includes large swathes of farmland. The broader New York Metropolitan Statistical Area, essentially greater New York, has a population of 19.9 million. Yet nobody considers New York as ranking among the world’s megacities.

“Everybody has a different definition” of a megacity, says Jonathan Woetzel, co-chair of the Urban China Initiative and director at consultancy McKinsey. “I think 10 million on up is reasonably accepted as a megacity, but we may end up changing that definition over time.” Particularly, he added, if the population of cities in the average continues to push higher.

According to the China Urban Sustainability Index, an annual research project carried out by UCI and the McKinsey Global Institute, an urban planning model known as cluster cities might be more appropriate for China. “In the first report, we contrasted two versions of urbanization: Concentrated megacities and clusters,” said Woetzel. “We concluded that the cluster form made a bit more sense … and that has been borne out [by the data].”

Clusters, as he refers to them, comprise at least one very large city as a central hub surrounded by many other smaller cities as its spokes. This model allows for more diversity, as each city remains an individual player and can bring its complementary strengths to bear regionally through smart integration. This geographical huddling has major implications. “We think of clusters as the most sustainable form of urbanization,” said Woetzel. “In all ways.”


Best laid plans

Cities across China are a curious mix of careful planning, thoughtful consideration and a whole lot of happenstance in between. The vast urban regions of today are the result of planners forging ahead with their ideas first and then reacting to change.

Most of the big urban centers we see in China now resulted directly from the opening up of the country in the 1970s and the productive tumult that followed. The Pearl River Delta manufacturing hub is a prime example: Before 1949, a huge portion of Chinese goods were sent through Guangzhou and on to Hong Kong for export. Once that route closed, the need for a new one became apparent, setting in motion the birth of the port city and factory hub of Shenzhen where once a sleepy fishing village stood.

“15 years ago, there was no Shenzhen,” said Ma Xiangming, chief planner at the Urban and Rural Planning and Design Institute. “When Deng Xiaoping opened up policy in Shenzhen… it meant that things could only be sent to Shenzhen. For ten years things concentrated in Shenzhen.”

Money Moneyd, factories were built, more people followed. Soon the city was expanding. In 1990, the region’s highway system was severely underdeveloped, so Shenzhen took it upon itself to begin correcting that. “The city itself planned its own road system, and then the central government connected it and formed the regional highway system,” Ma said. “So it comes two ways: Bottom-up, and top-down.”

The new Shenzhen was not a naturally occurring urban center; the city was created through policy, and then it grew. The newly built highways encouraged further growth, and its population exploded. Greater Guangdong grew as well: Dongguan, its third major city, became the destination of choice for young migrant workers fresh from the countryside. The region became what we know it as: China’s engine, the world’s factory. “If there is no new China, there is no Shenzhen,” Ma said. It would seem the same is true vice versa.

The current planning ethos is both active and reactive, both bottom-up and top-down. China’s urban population surpassed 50% a few years ago and now it is the explicit goal of the central government to keep the trend going. By 2020, 60% of the population will be in urban areas, rising to 70% by 2030, according to a new urbanization blueprint released by the State Council in May. As Ma concedes, there is no way to wrench the fire hose of migration closed, whether you plan for it or not. The question now is figuring out the best way to turn villagers into urbanites.


Rethinking the economic model

Huge cities tend to conjure mostly negative images of sprawl, density, overpopulation, crime, social inequality and all the other downsides of modern urban living. These cities might be economic centers, but they are tough going for most residents and rank poorly in terms of sustainable living.

But that doesn’t always have to be the case. The China Urban Stability Index 2013, published by McKinsey, shows that most Chinese cities have in fact improved their level of sustainability in recent years, and that the top 10 best performing are located mostly in the coastal or eastern regions. Sustainability is positively correlated with increased population size, density, migration and foreign investment, the index noted. As urban conurbations grow, public services and utilities scale up quickly, in effect reducing the negative footprints of their inhabitants. Water and heating are provided in tighter networks over shorter distances, while waste collection is more focused and therefore more efficient. While some Chinese urban dwellers continue to dispose of their rubbish in public streets, armies of cleaners are there to remove it quickly; no urban dweller burns refuse in open pits or lights crop fires that pollute the skies.

Still, cities can only be green and clean up to a certain point. “There is a limit to how far one can go without rethinking the economic model,” said Woetzel. According to the CUSI report, the “turning point” where big cities outgrow their efficiency comes when the population tops 4.5 million, density reaches over 8,000 people per square kilometer and migrants make up over 30% of residents. Places like Shanghai and Tianjin passed that point long ago.

Over the next 15 years or so, more cities will join the ranks of such giant urban areas. In order for them to be sustainable and successful, urban planners will need to improve how they are put together. Cluster cities can provide one such path forward.

The cluster cities paradigm is, at its heart, a way of rethinking the urban economic model. A traditional megacity, by contrast, typically encompasses all functions within itself. Many of the other factors generally considered necessary for sustainability are more or less related to that core principle of centralization. But in the cluster model, one big city acts as the main hub for administrative functions, capital and talent, and plays host to a few core sectors such as services. Meanwhile, smaller outlying cities develop their own specialized economic fields, such as high-tech or industrial production. This axle-spoke style of planning allows for industry, services, jobs and people to be spread out, but still easily connected. "

[Popeye82]

Retailer offers milk powder insurance - CER/R - Aug 25, 2014
www.reuters.com/article/2014/08/22/us-china-food-safety-insu…
www.chinaeconomicreview.com/node/66191

"Suning Commerce Group (002024.SHE) has begun offering insurance to customers who buy infant milk powder at its Redbaby chain of stores, a measure intended to address widespread concerns about such products' safety, Reuters reports.

The policy, backed by domestic insurance giant Ping An (2318.HKG), states that if a brand of milk powder is recalled, customers who bought cans from any Redbaby store or its e-commerce website would be paid up to RMB2,000 (US$325) per can, with payments capped at RMB100,000. The dairy industry in China has been dogged by concerns since 2008, when thousands of infants fell ill and six died because milk suppliers were adding the poisonous industrial chemical melamine to their products. "

[Popeye82]

Macau police detain activists, +raid polling stations - CER/SCMP/NMA - Aug 25, 2014
www.scmp.com/news/china/article/1580359/casino-hub-macau-hol…
www.chinaeconomicreview.com/node/66194

"China appears to be taking a hard line against democracy activists in Macau, with police there raiding five polling stations of an unofficial referendum on Macau's chief executive election, South China Morning Post reported, citing a spokesperson from the New Macau Association.

Scott Chiang Meng-hin, a key member of the association, and Jason Chao Teng-hei, leader of the Open Macau Society, were amongst the five activists detained and later released by police. "The crackdown was unexpectedly high-handed. It perfectly illustrates how much [Beijing's] liaison office fears an awakening of the typically apolitical Macau public" said Bill Chou Kwok-ping, vice-president of the New Macau Association. "

[Popeye82]

Agricultural Bank of China ups money, for bad loans - CER/BB - Aug 27, 2014
www.chinaeconomicreview.com/node/66209

"Agricultural Bank of China (1288.HKG, 601288.SHA) is bracing for more bad weather, setting aside more money for future bad loans amidst the nation's economic slowdown, Bloomberg reported, citing a Tuesday Hong Kong exchange filing.

The bank boosted provisions for potential soured credit by 56% to RMB15.6 billion (US$2.5 billion) in the three months ended 30 June from a year earlier, according to the filing yesterday. The operating environment for Chinese banks is deteriorating amid an economic slowdown; credit expansion in the world's second-largest economy plunged last month and investment spending unexpectedly slowed, adding risks to growth as a property slump threatens more defaults. "

[Popeye82]

Chinese snap up 85%, of US investor visas - CER/WSJ - Aug 27, 2014
www.chinaeconomicreview.com/node/66203

"Investors from China accounted for 85% of US investor visas this year, exhausting the supply until the next fiscal year begins on October 1, The Wall Street Journal reported.

No one country is allotted more than 7% of such visas under program rules, but the unused visas from other countries' quotas can be transferred to another where demand is stronger. This allowed Chinese applicants to net about 8,500 of this year's total of 10,000 visas by investing at least US$500,000 in US development projects. The investor and family members typically become eligible for green cards, or permanent residency, within two years. "

[Popeye82]

30,000 tonnes of tainted Chicken feet seized - CER/R/XNA - Aug 27, 2014
www.reuters.com/article/2014/08/26/us-china-foodsafety-idUSK…
www.chinaeconomicreview.com/node/66204

"Thirty-eight people were detained and eleven are still on the run after authorities intercepted 30,000 tonnes of chicken feet to which suppliers had added excess hydrogen peroxide, Reuters reported, citing Xinhua.

Zhejiang police said in a microblog post they had broken up 35 sales networks for tainted chicken feet, valued at over RMB300 million ($48.76 million). According to the Hong Kong government's Centre for Food Safety, Oral ingestion of 3% hydrogen peroxide solutions generally does not result in severe toxicity but may result in vomiting, mild irritation to mucosa and burns in the mouth, throat, esophagus and stomach. The exact level found in the concerned chicken feet was not reported. "

[Popeye82]

China to allow building , of 7 foreign-funded hospitals - CER/SCMP/cMoC - Aug 28, 2014
www.chinaeconomicreview.com/node/66220

"China hopes to improve services and introduce competition to its tightly regulated health care sector by launching a pilot project to set up foreign-funded hospitals in seven mainland cities or provinces, South China Morning Post reported, citing a Tuesday statement by the Ministry of Commerce.

The project is part of the national strategy to create more jobs, upgrade the economy, and ease bottlenecks in medical resources, which are causing rising conflict between doctors and patients. Overseas investors will be allowed to establish foreign-funded hospitals from scratch or through mergers and acquisitions in the cities of Beijing, Tianjin and Shanghai, and the provinces of Jiangsu, Fujian, Guangdong and Hainan. "

[Popeye82]

Carlyle Group eyes China commercial property market - CER/CG/R - Aug 28, 2014
www.reuters.com/article/2014/08/27/us-china-vanke-carlyle-gr…
www.chinaeconomicreview.com/node/66221

"Global private equity firm Carlyle Group (CG.NASDAQ) is looking to enter the China commercial property market after asset and share acquisition discussions with Vanke (2202.HKG, 000002.SHE), Reuters reported, citing a Thursday statement by Vanke.

The deal would give Carlyle access to China's commercial real estate market, where properties carry yields of around 4.5 to 6%. Rental margins of commercial properties are at around 60-80%, higher than the 30-50% of residential projects. Vanke, China's biggest property developer, would also benefit from the deal, which would help it quickly generate returns as a slump in the residential market, and a slowing economy, tightens liquidity for Chinese developers. "

[Popeye82]

Chinese courts to grant foreigners more access - CER/R - Aug 28, 2014
www.reuters.com/article/2014/08/28/us-china-courts-idUSKBN0G…
www.chinaeconomicreview.com/node/66222

"China will now regularly allow foreigners to regularly sit in on Chinese court cases, Reuters reported, citing state media.

The announcement on Thursday by Supreme People's Court President Zhou Qiang comes at a time of public discontent over China's secretive judicial system, and could have implications for foreigners and foreign businesses, which have recently become embroiled in a growing number of lawsuits in China. Chinese courts typically refuse to release rulings, court dates and other details of lawsuits, and foreign reporters are usually blocked from attending human rights trials. Zhou said the Supreme People's Court "feels it is important to communicate with foreign countries on judicial affairs. " "

[Popeye82]

Supplier for Samsung, Lenovo denies, using child labour - CER/R/CLW - Aug 29, 2014
www.chinaeconomicreview.com/node/66227

"A China based supplier for Samsung Electronics (005930.KRX) and Lenovo Group (0992.HKG) has come under fire from a U.S.-based activist group as it denies allegations of hiring child laborers, Reuters reported, citing a China Labour Watch Statement.

Samsung Electronics also said it had found no children or students working on the Samsung production line at the Huizhou-based factory of supplier HEG Technology. New York-based China Labor Watch said it had found more than 10 children working at the HEG factory during an investigation that took place in July and August. The group said the probe found over 100 student workers who were not being paid overtime or a night shift subsidy. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.533.591 von Popeye82 am 16.08.14 00:01:41

Microsoft CEO to visit China, amid anti-trust investigation - CER/R/M - Aug 29, 2014
www.reuters.com/article/2014/08/28/us-china-antitrust-micros…
www.chinaeconomicreview.com/node/66228

"Satya Nadella, CEO of Microsoft (MSFT.NASDAQ), is planning to visit China in September as the Chinese government continues to conduct its antitrust probe of the company, Reuters reported, citing a Microsoft spokesperson.

Microsoft acknowledged the trip but tried to defuse any tension around the antitrust issue. "Satya's trip was planned before the Chinese government investigation began," said a company spokesperson. "We're committed to complying with China's laws and addressing SAIC's questions and concerns." Microsoft is one of many foreign firms to have come under scrutiny as China seeks to enforce a 2008 anti-monopoly law which some critics say is being used to unfairly target overseas businesses. "

[Popeye82]

China brokers work overtime, testing market linkup - CER/BB - Aug 29, 2014
www.bloomberg.com/news/2014-08-28/no-weekend-for-hong-kong-s…
www.chinaeconomicreview.com/node/66225

"IT staff and brokers from various financial firms including Kingston Financial group (1031.HKG) and Guotai Junan International holdings (1788.HKG) worked on overdrive last weekend to fully test the exchange links between the Shanghai and Hong Kong stock markets, Bloomberg reported, citing various financial companies.

A total of 96 brokers, which handle 80% of Hong Kong's trading volume, participated in the connectivity test. The tie-up, which allows a net RMB23.5 billion (US$3.8 billion) of daily cross-border purchases, gives international investors a new route to buy Chinese stocks while helping Hong Kong bolster its status as a gateway to mainland markets. "

[Popeye82]

Electoral plan prompts protests, in Hong Kong - CER/FT - Sep 1, 2014
www.chinaeconomicreview.com/node/66235

The announcement of a plan for electoral reform that will allow Beijing to vet all candidates running for chief executive in Hong Kong resulted in thousands protesting Sunday night in the former British colony, Financial Times reported.

“Hong Kong people will have one person, one vote, but Beijing will select all the candidates – puppets. What is the difference between a rotten apple, a rotten orange and a rotten banana,” said Martin Lee, founder of the Democratic Party. Occupy Central, a pro-democracy group backed by media tycoon Jimmy Lai, said it would proceed with a civil disobedience campaign that would involve blocking the city's Central business district.
Monday, September 1, 2014


"The announcement of a plan for electoral reform that will allow Beijing to vet all candidates running for chief executive in Hong Kong resulted in thousands protesting Sunday night in the former British colony, Financial Times reported. “Hong Kong people will have one person, one vote, but Beijing will select all the candidates – puppets. What is the difference between a rotten apple, a rotten orange and a rotten banana,” said Martin Lee, founder of the Democratic Party. Occupy Central, a pro-democracy group backed by media tycoon Jimmy Lai, said it would proceed with a civil disobedience campaign that would involve blocking the city's Central business district. "

[Popeye82]

Shanghai FTZ to aid Chinese offshore investment - CER/SCMP - Sep 1, 2014
www.scmp.com/business/china-business/article/1582452/shangha…
www.chinaeconomicreview.com/node/66236

"With many Chinese foreign acquisitions coming under scrutiny due to bureaucratic obstacles to overseas investment, Shanghai's Free Trade Zone (FTZ) may provide the perfect launchpad for Chinese money to venture abroad, South China Morning Post reported, citing Shanghai Joint Free Trade Area Development.

The FTZ expects to have more than 100 mainland companies in the zone make a total of RMB14.42 billion to RMB24.57 billion (US$3 billion to US$4 billion) of overseas investments by the end of this year, said Willis Weng Wei, managing director of the Shanghai Joint FTA Development. Deals of less than RMB1.842 billion are approved within five working days, while loans to finance overseas investments are offered with lower financing costs. "

[Popeye82]

Former SOE auto exec suspected, of corruption - CER/R - Sep 1, 2014
www.chinaeconomicreview.com/node/66239

"Chinese officials are now investigating An Dewu, former senior executive of auto manufacturer FAW Group for "suspected serious violations of the law", Reuters reported, citing state media.

State-owned FAW has a joint venture with Volkswagen (VOW.ETR, VOW.FRA), one of two car-making ventures the German automaker has in China. The investigation into An's affairs was announced several days after China's corruption watchdog, the Central Commission for Discipline Inspection, said it was investigating another former and one current executive at the company for "seriously violating the law". President Xi Jinping has said endemic corruption threatens the Communist Party's continued survival. "

[Popeye82]

China backs Russia, as EU sanctions uncertain - CER/R - Sep 2, 2014
www.reuters.com/article/2014/09/01/us-china-russia-ukraine-i…
www.chinaeconomicreview.com/node/66243

"China has stated that additional EU sanctions against Russia, which has been accused of sending troops into Ukrainian territory, would only complicate the crisis, Reuters reported, citing a Chinese ministry spokesman.

The European Union on Sunday threatened Russia with new trade sanctions, but sharp divisions among leaders at a summit in Brussels left the timing of any measures uncertain. China has adopted a cautious approach to the crisis. "A political solution is the only way out, sanctions do not help to solve the underlying problems in Ukraine," Chinese Foreign Ministry spokesman Qin Gang said. "It may lead to new and more complicating factors." "

[Popeye82]

Party pressure rises, for 3 major mainland universities - CER/SCMP - Sep 2, 2014
www.chinaeconomicreview.com/node/66245
www.scmp.com/news/china/article/1582944/three-prestigious-ma…

"Peking University, Shanghai's Fudan University and Sun Yat-sen University in Guangzhou have vowed to strengthen ideological control over teachers and students, South China Morning Post reported, citing a statement from the three universities' Communist Party committees.

"In recent years, some people with ulterior motives have added fuel to the flames on the Internet ultimately targeting the Chinese Communist Party and the socialist system," the committees wrote in the latest edition of the party journal Qiushi. They called on teachers and students to "take a firm stand and be unequivocal, and fight against speech and actions that touch upon the party's and country's principles and bottom lines in a timely, efficient and resolute manner". "

[Popeye82]

China Ecological Footprint Report ´12 - IOZ/GFN/IGSNRR/WWF/ZSL - ???

- Foreword

Three hundred years of industrial civilization has seen, as a major feature, a conquest of nature by humans. However, humans cannot survive or develop without nature and this growth pattern - which has sought economic development at the expense of environmental resources - is not sustainable. Human civilization can achieve its full potential for sustainable development only when we combine economic development with environmental protection and resource conservation.

As a country experiencing rapid industrialization and urbanization, China is facing severe environmental and resource challenges. At the same time, opportunities abound for taking a path towards green development and ecological progress. The Chinese government aims to transform China into a developed society that respects and conserves nature, while promoting environmentally friendly development. This implies supporting the establishment of sustainable
industrial structure, sustainable production patterns and sustainable lifestyles. Moreover, the Chinese government places high priority on making ecological progress and incorporating it into all aspects of economic, political, cultural, and social progress.

The Ecological Footprint is an effective tool for measuring human demand on natural resources. It can provide support to environmental and economic policymaking through quantifying the supply and demand of resources, and provide guidance in the overall development of an ecological civilization.

Following the publication of the 2008 and 2010 China Ecological Footprint Reports, WWF is once again collaborating with its technical partners to issue the third China Ecological Footprint Report. This report continues to explore the relationship between China’s Ecological Footprint and biocapacity, and analyses the forces driving environmental challenges. This iteration of the report introduces for the first time the Living Planet Index, which explores the changes in China’s biodiversity, and reflects the concept of leaving space for nature in the development process.

The sustainable management of natural resources and the building of a beautiful China are part of a long-term strategy for the Chinese government and the Chinese people. It is hoped that this report can inspire transformation of economic development mode in China, as well as supporting ecological progress.

Zhu Guangyao
Executive Vice President
China Ecological Civilization Research and Promotion Association


Planet Earth is our common home and the nature and natural resources that support us all are under more pressure than ever before. As one of the fastest growing economies, China is now facing the acute challenges of how to bring environmental and social perspectives into economic development as a whole.

Increasing consumption associated with economic growth and urbanisation place significant pressure on China’s vulnerable ecosystems. The per-capita ecological footprint of China has crossed the threshold that is considered sustainable. The patterns of production, consumption and development that China chooses today will deeply influence the future of the country and the wider world.

We need to make choices that facilitate the creation of a prosperous future, allowing people and nature to thrive within one planet. The Chinese government has already raised the concept of “Ecological Progress” which fits into the globally evolving concept of a “green economy” where wise consumption choices are made, resource efficiency is improved and natural capital is conserved. Governments, businesses and other stakeholders must work together to translate these concepts into concrete and achievable solutions.

As one of the world's leading conservation organizations that has served in this country for over 30 years, WWF is well placed and committed to support China in transitioning towards ecological progress and green development. With this report, we explore the opportunities and challenges for China to enhance its sustainable development capacity in an increasingly resource-constrained world – to help build a future where people live in harmony with nature.

James P. Leape
Director General
WWF International




Executive Summary

No matter how advanced our science and technology becomes, humans continue to depend on natural systems for food, water, energy, waste disposal, raw materials and many other functions. Unfortunately, since the 1970s, humans have been exploiting the Earth’s renewable resources at a faster rate than they can be regenerated. At present, we require one and a half Earths to sustain our demands and if we maintain our current lifestyle and consumption patterns, by 2030 we will need more than two Earths. Over-extraction of resources and poorly planned development have already resulted in stark ecological crises: shrinking areas of productive land, ecosystem degradation, decreased biological diversity, serious river pollution and fragmentation, and ocean acidification. We have only one planet and the time has come to transform our present lifestyle and consumption patterns in order to halt the degradation of the Earth’s natural capital, and to secure ecosystem services as the foundation for economic and social development.

The Ecological Footprint tracks humanity’s demand on the biosphere by comparing human consumption with the Earth’s regenerative capacity, or biocapacity. Similarly the Water Footprint can help identify whether water resources utilization in a given country or river basin is sustainable. Complementing these measures, the Living Planet Index, an indicator of global biodiversity, reflects the state of the planet’s ecosystems by tracking trends in populations of global vertebrates. Combining these measures provides an overview of the relationship between human activities, pressures exerted on the biosphere and the health of the planet.

This report is the third China Ecological Footprint Report and builds on previous reports to present China’s Ecological Footprint in a regional and global context, explore the global flow of biocapacity through trade, and look at changes that have taken place in the past 40 years. The China Ecological Footprint Report 2008 presented the latest developments in China around the study of the Ecological Footprint while the 2010 Report extended these results based on an improved methodology for the calculation of Ecological Footprint, and introduced the water footprint. This third edition has become yet more comprehensive, introducing the China Living Planet Index to explore the challenges faced in biodiversity conservation and further exploring the drivers behind China’s Ecological Footprint challenges. Finally, this edition presents a framework of pressures, responses and challenges and discusses the choices faced by China and opportunities presented by development of a green economy.


Chapter 1 Presents the complementary measures of Ecological Footprint, Water Footprint and Living Planet Index, to examine the demands being placed on China’s ecosystems in a global context.

- Since 1970s, human demand on the Earth’s resources has surpassed the planet’s regeneration capacity. In 2008, the global per capita Ecological Footprint was 2.7 global hectares (gha), exceeding the available per capital biocapacity of 1.8 gha by 50%. This means humans were using the equivalent of one and a half Earths to produce the resources needed to support our consumption and absorb associated emissions of CO

- China is supporting a population of unprecedented size which places pressure on vulnerable ecosystems. In 2008, the per capita Ecological Footprint in China was 2.1 gha or 80% of the global average. However, this has already exceeded the global sustainability threshold and is over two times the available per capita biocapacity in China. In view of its huge population, the total Ecological Footprint of China is the largest in the world.

- The Ecological Footprint and biocapacity are unevenly distributed across China. There is a notable difference between the per capita Ecological Footprint in eastern provinces and western provinces. Similarly, per capita biocapacity is higher in the provinces to the west of the Aihui- Tengchong population line and lower in the provinces to the east.

- In an increasingly interconnected global economy, China imports and exports large quantities of the biomass components of footprint as an active player in the global markets in timber, food and fibre products. Figures for imported and exported biomass goods are similar, and net imports represent just 3% of the food, fibre and timber consumed in China.

- In 2009, China's per capita Water Footprint was less than half of the global average. Despite this comparatively low water usage, China’s limited water resources are seriously stressed with particularly acute pressures along the Yellow River and the lower reaches of the Yangtze River basin.

- An exploration of China’s Living Planet Index indicates that the populations of more than 10 flagship and keystone species in China have undergone marked decline that was particularly severe between the 1960s and 1980s. Today, conservation efforts are bearing dividends and species such as the giant panda, which has been protected since early in this period, have seen slow but steady population recovery. Other species such as the Père David’s deer, which was reintroduced after the species was thought to be extinct in the wild, and the crested ibis are seeing rapid population increase following habitat conservation and introduction of strict monitoring techniques


Chapter 2 looks at the different forces that are driving biocapacity deficit in China.

- The magnitude of biocapacity deficit in a country or a region is measured as the difference between two variables: Ecological Footprint and biocapacity. In China the growth in total Ecological Footprint has outpaced growth in biocapacity. The driving forces of footprint growth have changed over time. Increasing individual consumption has been the dominant driver of footprint growth since 2003, while before 1978 population growth was the major driver. In 2008, nearly 40% of China’s total Ecological Footprint was accounted for by long term investments in infrastructure.

- Changing consumption patterns associated with increased affluence in China’s increasingly urban population have contributed to the increase in total Ecological Footprint. Carbon footprint has become the largest individual component of footprint in China and has seen the greatest increase, particularly in urban areas. At the same time, urbanization provides an opportunity to reduce individual footprints and associated pressures on ecological systems through measures such as public transport systems and large-scale recycling.


Chapter 3 Explores the steps that China could take towards a green economy and proposes a pathway to sustainable development in China based on the following five recommendations:

- Consume wisely: shift consumption patterns towards a sustainable, low footprint model.

- Produce better: promote the efficient use of resources and introduce the concept of low footprint into manufacturing and processing.

- Preserve natural capital: leave space for nature while maintaining and supporting biocapacity and meeting human needs.

- Redirect financial flows: promote green finance and investment, leverage financial resources to support conservation, sustainable resource management and innovation.

- Utilize institutional and market mechanisms to promote ecological progress. ...-
www.footprintnetwork.org/images/article_uploads/China_Ecolog…

[Popeye82]

China's securitization surge scrutinized - CER/WSJ/D - Sep 4, 2014
www.chinaeconomicreview.com/node/66256

"Concern has increased that China's booming securitization market will pose a risk to the financial system, The Wall Street Journal reported, citing Dealogic.

Sales of asset-backed bonds so far this year have jumped to US$19.7 billion (RMB121 billion), up from $3 billion for all of 2013, according to the data-tracking company. Asset securitization provides businesses with an additional channel of credit as banks have become increasingly selective about lending, and are looking to clean up their balance sheets. However, some analysts are concerned about whether borrowers of the underlying securities will fully pay back the loans on time. "

[Popeye82]

Chinese goverment to lower its bank stakes - CER/BB/CHI - Sep 4, 2014
www.bloomberg.com/news/2014-09-03/huijin-s-li-signals-china-…
www.chinaeconomicreview.com/node/66257

"The Chinese government is slowly embracing privatization with talks of gradually lowering its stakes in the nation's biggest banks, Bloomberg reported, citing Central Hujin Investment.

The nation is encouraging "public-private partnership," said Li Jiange, vice chairman of Central Huijin. The "trend must be reducing government holdings in the state-owned banks to allow more social capital," Li added. The company has been buying shares of lenders including Industrial & Commercial Bank of China (6011398.SHA) in recent years, as valuations slumped to record lows amid concerns that an economic slowdown and interest-rate deregulation will erode profits. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.652.690 von Popeye82 am 30.08.14 17:29:25

US businesses speak ouuuuut , on antitrust probes - CER/R/USCBC - Sep 4, 2014
www.reuters.com/article/2014/09/03/us-china-antitrust-idUSKB…
www.chinaeconomicreview.com/node/66258

"China's recent enthusiasm for tough anti-monopoly enforcement has led to many foreign companies facing antitrust investigations and pressure tactics from regulators, Reuters reported, citing a US business lobby group.

The US-China Business Council (USCBC) said companies that drew scrutiny from regulators had been pressured to "admit guilt", appear without legal counsel and make statements without being informed of the grounds for investigations. "Such practices contradict both the letter and the spirit of China's efforts to promote rule of law and due process, and they are out of line with international best practices," the group said. "

[Popeye82]

China's plane demand forecast up, 8% - CER/R/CLSA - Sep 5, 2014
www.chinaeconomicreview.com/node/66266

"Boeing (BA.NYSE) raised its China plane demand forecast by 8% on expectations that the nation will need more that 6,020 aircraft in the next 20 years as overseas travel grows, Reuters reported, citing research from brokerage CLSA.

Boeing expects China to overtake the United States as the world's single-biggest aircraft market in the period through 2032. Chinese airlines are increasingly training their sights on overseas routes as the domestic market cools amid a slowing economy and government budget austerity. The overseas push is also fueled by rising numbers of outbound leisure travelers, expected to double to 200 million by 2020, according to CLSA. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.709.531 von Popeye82 am 05.09.14 22:36:34

More officials jump ship of state, for private sector - CER/WSJ - Sep 5, 2014
www.chinaeconomicreview.com/node/66265

"China's strict anticorruption and austerity campaigns have prompted Chinese officials and state sector bosses to flee to the private sector, The Wall Street Journal reported, citing an economist with Mizuho.

Officials' benefits have been stripped away in the Communist Party's austerity drive, and the party has also approved a move to cut salaries across the board for bosses of state-owned enterprises. "Grey incomes for Chinese officials are becoming harder to come by, and the risks for corruption are rising," said Jianguang Shen, China economist for Mizuho Securities Asia. "That's why we see a lot of officials leaving the government, and I expect the trend to continue." "

[Popeye82]

Antwort auf Beitrag Nr.: 47.677.782 von Popeye82 am 03.09.14 03:12:40

Editors detained, pressure mounts, on Chinese journalists - CER/WSJ - Sep 5, 2014
www.chinaeconomicreview.com/node/66267

"China has stepped up its scrutiny of journalists, with at least two editors and other employees of a major Chinese business news website detained and investigated for suspected extortion, The Wall Street Journal reported, citing state media.

State broadcaster China Central Television said the chief editor and deputy editor of the 21st Century Business Herald website were among eight people taken into custody Wednesday. At least two public-relations companies were also facing scrutiny as part of the investigation, CCTV said. The investigation marks the latest instance of police targeting the behavior of the nation's journalists. "

[Popeye82]

Chinese scientists increase crop yields, with less fertilizer - CER/SCMP/N - Sep 5, 2014
www.scmp.com/news/china/article/1585417/chinese-researchers-…
www.chinaeconomicreview.com/chinese-scientists-increase-crop…

"Chinese researchers have claimed to have found a way to grow more food without an environmental toll, South China Morning Post reported, citing a scientific study in the scientific journal Nature.

Researchers said they had tested "smart" agricultural management, using scientific knowledge to better match local soils and climate and optimise nutrient requirements, in more than 150 field experiments in major production areas for rice, wheat and maize in the past five years. Farmers could significantly boost yields and cut their reliance on fertiliser if the techniques were adopted, they said in the study published yesterday on the journal's website. "

[Popeye82]

South-North Water Transfer neeeeearly done - CER/R/PSU, PORTLAND - Sep 10, 2014
www.chinaeconomicreview.com/node/66290

"The RMB38.1 billion (USD$62 billion) South-North Water Transfer Project is set to start pumping 9.5 billion cubic meters of water annually from a reservoir in southern China to parched northern provinces this October, providing more than a third of Beijing's water supply, Reuters reported.

The program has been criticized as unsustainable and harmful to regional development by critics, including Qiu Baoxing, the vice minister of housing and urban rural development. "By transferring such a significant volume of water away from the Han River Basin, the project is depriving the area of the most basic input it will need to develop in the years and decades to come," said Britt Crow-Miller, a research assistant professor at Portland State University. "

[Popeye82]

Chinese battalion to defend oil, workers in S. Sudan - CER/WSJ - Sep 10, 2014
www.chinaeconomicreview.com/node/66287

"China began deployment of an infantry battalion of 700 soldiers in South Sudan to a United Nations peacekeeping force to help guard Chinese workers and installations there together with the area's oil fields, The Wall Street Journal reported, citing a government spokesman.

The deployment of troops to the only oil fields still under the control of the Sudanese central government marks the first time Beijing has contributed a battalion to a UN peacekeeping force, according to UN officials. State-owned China National Petroleum Corp. holds a 40% stake in a joint venture that operates South Sudan's vast oil fields. "

[Popeye82]

Shanghai stocks stumble; on word of slowed money supply growth - CER/BB/XNA - Sep 10, 2014
www.bloomberg.com/news/2014-09-10/china-s-stock-index-future…
www.chinaeconomicreview.com/node/66286

"The Shanghai Composite Index fell 0.6% to a two-week low following a statement from Premier Li Keqiang that revealed slowed growth of the broad money supply, Bloomberg reported, citing state media.

Xinhua reported Li as saying Tuesday that China's total stock of currency, short-term deposits and other liquid instruments had risen at a rate of 12.8% last month, down from 13.5% in July. The slowdown in money-supply expansion follows July's plunge in new credit to the lowest levels since 2008. The PBOC is scheduled to officially release the credit data by September 15, and the statistics bureau is due to release August inflation data Thursday. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.709.531 von Popeye82 am 05.09.14 22:36:34

Li Keqiang tries to calm foreign investors' nerves - CER/WEF/BB - Sep 11, 2014

www.chinaeconomicreview.com/li-keqiang-tries-calm-foreign-in…

"Premier Li Keqiang moved yesterday to reassure foreign companies at the World Economic Forum that his government is not making life harder for them in China, Bloomberg reported.

Li told executives from the likes of Qualcomm and Mariott International that his government will attract more imports, protect intellectual property and treat both foreign and domestic companies the same. The comments follow a spate of antitrust probes and a general sense that doing business in China is becoming harder, leading the American Chamber of Commerce to issue a statement expressing concerns over recent developments. Li also reiterated China's commitment to pursuing interest-rate and exchange-rate reform and asserted that China's economy would avoid a hard landing. "

[Popeye82]

Norway disputes grounds, of China ban, on imported salmon - CER/SCMP - Sep 12, 2014
www.chinaeconomicreview.com/node/66296

"Norway's seafood council rejected concerns Thursday that salmon exported to China posed a hazard, South China Morning Post reported.

A report this week citing Norway's food safety authority said China would end imports of Norwegian whole salmon until the fish could be certified as coming from waters free of a disease that can cause massive farmed fish deaths. The seafood council said the disease could not be transmitted to humans or make them ill. Zhou Zhuocheng, a fisheries expert at the China Fisheries Association, said the chances were "very slim" of introducing the virus into China through imported whole salmon. Ties between the countries have been strained since the Nobel Peace Prize was awarded to dissident Liu Xiaobo in 2010. "

[Popeye82]

Factory growth hit six-year low, in August - CER/R - Sep 15, 2014
www.chinaeconomicreview.com/node/66305

"Industrial output in China grew 6.9% from a year earlier in August, the lowest rate of growth for factories since the financial crisis hit in 2008, Reuters reported.

The figure fell far short of expectations and slowed sharply in comparison to July's relatively zippy 9% growth rate. When combined with weaker readings in retail sales, investment and imports, the output data pointed to a further loss of momentum as the cooling housing market increasingly drags on other sectors from cement to steel and saps consumer confidence. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.752.776 von Popeye82 am 11.09.14 11:55:35

US Treasury Secretary upset, over China probes - CER/R/WSJ - Sep 15, 2014
www.reuters.com/article/2014/09/14/us-usa-china-antitrust-id…
www.chinaeconomicreview.com/node/66306

"U.S. Treasury Secretary Jack Lew sent a letter to Chinese Vice Premier Wang Yang stating that China's recent targeting of foreign companies in its implementation of a 2008 anti-monopoly law could negatively impact U.S.-China relations, Reuters reported, citing the The Wall Street Journal.

At least 30 foreign firms, including U.S. companies such as Microsoft (MSFT.NYSE) and chip maker Qualcomm (QCOM.NYSE) have come under scrutiny as China seeks to enforce an anti-monopoly law that some critics say is being used to unfairly target foreign firms. Neither the U.S. Treasury nor members of the Chinese cabinet responded for comment. "

[Popeye82]

Nearly half of wealthy Chinese polled considering move abroad - CER/BB/B - Sep 15, 2014
www.bloomberg.com/news/2014-09-14/almost-half-of-rich-chines…
www.chinaeconomicreview.com/node/66304

"A new poll by Barclays (BCS.NYSE) of 2,000 individuals and investors in China found that almost half were considering relocating to a developed market within half a decade, Bloomberg reported.

The survey was conducted among individuals with more than RMB9.2 million (USD$1.5 million) in total net worth, who cited finding better education and job opportunities for their children as the reason for considering the move. North America and Europe likely to see the greatest influx of wealthy individuals, according to the report by Barclays Wealth Insights. However, broker Knight Frank's head of residential Liam Baily said in the report that since most are making money in China right now, "[t]hat might prevent some of them from going further afield." "

[Popeye82]

The "shift towards sustainable urbanization, in China", Published by the World Bank +the Development Research Center of China's State Council, the report "Urban China: Toward Efficient, Inclusive, +Sustainable Urbanization" outlines how China's urbanization can become more efficient, inclusive, +sustainable. The report proposes a number of areas for reform, +emphasizes the need for strong support for policy reform, from boooooth government +markets - GGK/WB/SCDRC - Jul14
www.greengrowthknowledge.org/sites/default/files/downloads/r…

[Popeye82]

Hong Kong rethinks market rules, on losing multi-billion Alibaba IPO to New York
www.stockhouse.com/news/newswire/2014/09/15/hong-kong-rethin…

"HONG KONG _ Alibaba's (OTO: ALBCF, Stock Forum) choice of New York over Hong Kong for its blockbuster IPO was a blow for the Chinese financial centre. Now, the city's stock market is starting to rethink rules that stopped it from accommodating the Chinese e-commerce giant's unique management setup.

As China's leading financial centre with its own currency and separate Western-style legal system, Hong Kong has been the traditional first choice for Chinese enterprises going public outside the mainland.

But Alibaba settled earlier this year on New York for its stock market listing after Hong Kong refused to make an exception for the company's partnership system in which a small group of company insiders nominate the majority of the board of directors without owning a controlling stake.

The initial public offering may raise more than $24 billion, making it the biggest ever. Trading of Alibaba shares is expected to begin in New York later this week.

Executives at Hangzhou, China-based Alibaba said its partnership system was necessary for preserving the company's innovative culture, but Hong Kong's listing committee said it would go against the exchange's ``one share, one vote'' principle that's aimed at treating all investors equally.

Alibaba found a more receptive welcome in the United States, where it's common for big companies including tech giants such as Facebook, Google and LinkedIn to have dual-class share structures that empower one shareholder or a group of shareholders over others.

Other Chinese tech firms that have had recently listed in the U.S., including web search company Baidu and online retailer JD.com, have dual classes of stock.

``People say that Hong Kong lost Alibaba but to me, I think Alibaba missed this great opportunity to list in Hong Kong. It's very regrettable,'' founder Jack Ma told reporters Monday in the southern Chinese financial centre, the latest stop on the company's global roadshow for the share sale.

Ma chalked the loss up to poor timing, preparation or communications but stressed there were no hard feelings.

He said the company would ``continue to love Hong Kong'' and that the city ``shouldn't change its principles just for one company.''

The loss of Alibaba's IPO led to some hand-wringing in Hong Kong financial circles over whether the rules in Asia's second biggest stock exchange should be changed to allow new shareholding structures.

``The day for that debate has finally come,'' Charles Li, CEO of stock exchange operator Hong Kong Exchanges and Clearing Ltd., said on his blog after the bourse unveiled a ``concept paper'' at the end of August to gather views from the public on ``weighted voting rights.''

Hong Kong's stock exchange earns some of its profit from listing charges, which include an initial fee of up to $84,000 and annual fees of up to $153,000. Listing-related revenue rose 13 per cent in the first half of the year as more companies went public compared with last year.

The paper follows discussions among the exchange, finance industry executives and the city's securities regulator that began nearly 15 months before, said Li.

``Let's all be frank, it would have been nice if this could have been released earlier,'' he wrote.

Some argue that new rules are needed to avoid losing other blockbuster IPOs in the future. Others say the current framework is necessary to prevent some investors from having a disproportionate say in running companies.

David Graham, Hong Kong Exchange's chief regulatory officer and head of listing, stressed that the decision to explore changes was not triggered by the loss of Alibaba's IPO and that the debate started before the failed IPO talks.

``I can confirm this is not in response to an individual company,'' he told reporters. ``We were already a long way down this process.'' He said the exchange has not taken any position for or against changes.

Feedback on the paper is due by Nov. 30, and the exchange may then launch a public consultation depending on the responses received. "

[Popeye82]

Xi Jinping in Sri Lanka to promote China-funded port - CER/BB - Sep 16, 2014
www.chinaeconomicreview.com/node/66314

"President Xi Jinping will land in Columbo, Sri Lanka today to promote the "Colombo Port City" project, an RMB8.62 billion (USD$1.4 billion) Chinese-financed endeavor that is the country's largest foreign-funded investment on record, Bloomberg reported.

China overtook the US last year as Sri Lanka's second largest trading partner after India. Xi unveiled plans last year to build a "maritime Silk Road", and travels to India tomorrow to promote the project. Xi's visit comes shortly after a stopover from Japanese Prime Minister Shinzo Abe, who was seeking to increase Japanese investement on the island. "

[Popeye82]

CNOOC discovers deepwater gas field, south of Hainan - CER/SCMP - Sep 16, 2014
www.scmp.com/news/china/article/1593502/cnoocs-paracels-isla…
www.chinaeconomicreview.com/node/66311

"China National Offshore Oil Corp announced Monday its discovery of a deepwater gas field about 150km south of the island province of Hainan, South China Morning Post reported.

The semi-submersible rig, once at the center of a dispute with Vietnam but now relocated to undisputed waters, is expected to produce 56.5 million cubic feet of gas per day at an average operational depth of 1.5km. CNOOC chairman Wang Yilin was quoted by Xinhua as saying the discovery opened the door to deepwater oil and gas resources in the South China Sea. "

[Popeye82]

Alibaba IPO raises $21,800,000,000, company valued @$167,600,000,000 - CER/BB - Sep 19, 2014
www.chinaeconomicreview.com/node/66333

"Alibaba Group Holding (BABA.NASDAQ) and shareholders sold 320.1 million shares at US$68 (RMB417.55) each, raising US$21.8 billion in an initial public offering that values the company at US$167.6 billion, making it the largest IPO by any company in the US, Bloomberg reported.

The Chinese e-commerce giant's ability to close a deal of this size is owed to an almost non-stop rallly in shares in the US, where about US$15 trillion had been added to the value of equities amid three rounds of monetary stimulus from the Federal Reserve, an expanding economy and record profits. The IPO comes after an attempted listing in Hong Kong, where rules don't allow the for the company's governance structure - a small group of insiders at Alibaba control its board. "

[Popeye82]

Chinese developers investing billions, in projects abroad - CER/WSJ - Sep 19, 2014
www.chinaeconomicreview.com/node/66332

"Developer Xu Weiping is looking to build a GB£1 billion (RMB10.14 billion) business district in East London, part of a global push among Chinese investors and developers in reaction to slow growth at home and government encouragment of diversifictaion, The Wall Street Journal reported, citing an analytics firm.

Last year Chinese investors bought more than US$13.9 billion (RMB85.35 billion) of overseas commercial property according to Real Capital Analytics, more than the combined total for the four previous years. While the trend has cooled this year along with China's economy, the US$4.4 billion of deals in the first half is still more than the total for 2012 of US$3.7 billion in foreign property purchases. "

[Popeye82]

China queues up, for a stake in India nuclear energy sector - CER/R - Sep 19, 2014
www.chinaeconomicreview.com/node/66331

"President Xi Jinping agreed Thursday to open talks with New Delhi on cooperation in India's nuclear energy sector, Reuters reported, citing an official announcement.

A deal for India to buy nuclear reactors from China could be years away, but the agreement to explore options means China may now be competing with the US, France, Russia and several other countries lined up to offer atomic power to combat India's chronic power problems. "I think the Chinese are looking basically at the commercial angle, since India is going to be giving contracts for nearly US$150 billion in the next 10-15 years," said Srikanth Kondapalli, a China watcher at Delhi's Jawaharlal Nehru University. "

[Popeye82]

Apple seeking manager, for government data requests in China - CER/SCMP - Sep 19, 2014
www.chinaeconomicreview.com/node/66330

"Apple (AAPL.NASDAQ) has posted a public job listing on Linkedin (LNKD.NASDAQ) for a head of law enforcement to handle an "increasing number of third-party requests for access to Apple controlled data within China," South China Morning Post reported.

The hiring of a head of law enforcement demonstrates the trade-off that comes with placing data storage within China, which Apple began doing for the first time last month. Having a server in the country can provide faster service to domestic customers, but it also means the government can demand those servers' data. Apple declined to comment, but referred to the company's new privacy policy including a section on government data requests. "

[Popeye82]

Hong Kong plans HK$110,000,000,000 expansion, of rail system - CER/SCMP - Sep 19, 2014
www.chinaeconomicreview.com/node/66329

"The Hong Kong Transport and Housing Bureau released a preliminary blueprint yesterday for seven new rail projects throughout the territory with a budget of HK$110 billion (RMB87.16 billion), South China Morning Post reported.

The projects will be built in phases from 2018 to 2026, and would include new lines that complete railway loops on the western half of Hong Kong Island, East Kowloon, and the New Territories. The proposals come as the city faces delays of up to two years and cost overruns in at least three ongoing projects by the MTR Corporation (0066.HKG) responsible for building the territory's railways. "

[Popeye82]

PBOC supplies China's 5 biggest banks, with RMB500,000,000,000 - CER/BB/S.com/PBoC - Sep 17, 2014
www.chinaeconomicreview.com/node/66320

"The People's Bank of China began providing its five largest banks with RMB100 billion (US$16.27 billion) of liquidity each on Tuesday through standing three-month lending facilities, Bloomberg reported, citing news website Sina.com.

The site cited banking analyst Qiu Guanhua at Guotai Junan Securities, and said the PBOC would complete the process today. The government appears determined to support the economy even if it means using broad-based stimulus that may exacerbate the country's mounting debt. Premier Li Keqiang's stated target of about 7.5% gross domestic product this year is currently threatened by a property slump."

[Popeye82]

Foreign direct investment hits 2 1/2-year low - CER/R/CMoC - Sep 17, 2014
www.chinaeconomicreview.com/node/66319

"Foreign direct investment (FDI) in China fell to a 2 1/2 year-low in August of USD$7.2 billion, down 14% from a year earlier, Reuters reported, citing the Ministry of Commerce.

That left China with RMB481.2 billion (USD$78.3 billion) of FDI in the first eight months of 2014, down 1.8% from a year earlier. While FDI is an important gauge of the health of the external economy to which China's vast factory sector is oriented, it is a small contributor to overall capital flows compared with exports, which were worth about USD$2 trillion in 2013. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.827.532 von Popeye82 am 19.09.14 17:41:47

China's stocks hit 6-month low - CER/BB/TS - Sep 17, 2014
www.chinaeconomicreview.com/node/66318

"China's stocks fell the most in six months following news of reduced foreign investment and increased economic concerns, Bloomberg reported.

The Shanghai Composite Index tumbled 1.8% as the value of shares traded jumped to the highest since Nov. 12, 2010. Economists at banks cut their 2014 expansion forecasts after the weekend data and said they anticipate the government will step up the rollout of measures to support the economy. Authorities yesterday also approved 11 more initial public offerings. "August data is far worse than expected and with the new IPOs there's renewed fears about liquidity," said Zhang Haidong, analyst at Tebon Securities in Shanghai. "

[Popeye82]

Poll finds China thriving financially, less so in countryside - CER/SCMP - Sep 17, 2014
www.chinaeconomicreview.com/node/66316

"The new Gallup-Healthways Global Well-Being Index released this week showed China outstripping many of its neighbors in financial well-being, but rural residents suffering financially as often as in those nearby nations, South China Morning Post reported.

In terms of purpose, Chinese respondents were lacking, with only 9% thriving and 35% suffering, compared to 13% thriving and 31% suffering in Asia as a whole. The Global Well-Being Index is based on telephone and face-to-face interviews on the Gallup World Poll, with a random sample of approximately 133,000 adults, aged 15 and older, living in 135 countries and areas last year. "

[Popeye82]

China releases 2014-`20 urbanization plan - CER/R/XNA - Mar 17, 2014
www.chinaeconomicreview.com/node/65407

"China will build more social housing and expand urban transport networks to get more people moving to cities, Reuters reported, citing a new urbanization plan for 2014-2020 released on Sunday.

The plan aims to increase the proportion of urban residents in China from 53.7% to 60% by 2020. China will also consider reforming the country’s “hukou” registration system, which is impeding rural migrants from obtaining residency status, and promote environmentally friendly development. The “greatest potential for expanding domestic demand” rests in urbanization, state news agency Xinhua said, as people in Chinese cities earn and spend more than their rural counterparts. "

[Popeye82]

Chinese court finds GlaxoSmithKline guilty, of bribery - CER/WSJ - Sep 23, 2014
www.chinaeconomicreview.com/node/66345

"A Chinese court found drug maker GlaxoSmithKline's (GSK.NYSE) local subsidiary in China guilty of bribery and has fined the company nearly $500 million, The Wall Street Journal reported, citing a spokesman for the company.

Five of the company's managers, including former top China executive Mark Reilly, were convicted of bribery-related charges and received suspended prison sentences, a Glaxo spokesman said Friday. Chinese authorities began investigating the company in June 2013, laying bare a tale of intrigue involving a sex tape, whistleblowers, private investigators and a culture of bribery and graft in China's vast medical industry. "

[Popeye82]

Authorities nab 88 financial criminals abroad - CER/SCMP - Sep 22, 2014
www.chinaeconomicreview.com/node/66343

"The Ministry of Public Security says it has seized 88 fugitives overseas for financial crimes, South China Morning Post reported.

The lack of extradition treaties and law enforcement agreements with foreign countries are major challenges facing mainland detectives as the hunt for corruption abroad gathers pace, police and legal experts said. The mainland authorities launched a campaign dubbed Fox Hunt 2014 in July to track down suspects facing charges for corruption or other economic offenses that had fled abroad. Eleven of the fugitives had been on the run for more than 10 years, including a former resident of Chongqing accused of embezzling 60 million yuan 14 years ago. "

[Popeye82]

'Former top Hong Kong official' says he took payoff from Beijing - CER/R/RTHK - Sep 24, 2014
www.chinaeconomicreview.com/node/66355

"Hong Kong's former chief secretary Rafael Hui told the territory's high court on Tuesday that he had secretly received a HK$11 million (RMB8.709 million) payment "from Beijing" in 2007 via an intermediary, Reuters reported, citing local public broadcaster RTHK.

He told the court that the payment had been facilitated by Liao Hui, former head of China's Hong Kong and Macau Affairs Office in Beijing. Hui said he'd declined Liao's request in 2007 that he stay in his post longer, saying he'd prefer a higher-paying private sector job. Hui said he was told around half a year later by former stock exchange official Francis Kwan that "someone from Beijing" had made money available, which he accepted. "

[Popeye82]

Alibaba "finance arm's loan platform creates RMB14,000,000,000 marketplace" - CER/BB - Sep 24, 2014
www.chinaeconomicreview.com/node/66353

"A financing platform launched by Alibaba Group Holdings (BABA.NASDAQ) in April has created an RMB14 billion marketplace, which the company's finance arm aims to boost to RMB1 trillion within two years, Bloomberg reported, citing a general manager.

The platform, Zhao Cai Bao, allows small businesses and individuals borow directly from investors - up to a maximum of 200 - after a financial institution has guaranteed the loan and made sure the money will be paid back. General manager of Alibaba's financial arm Yuan Leiming said the average loan size has been about RMB70,000. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.677.647 von Popeye82 am 03.09.14 00:54:21

China steel mills seek buyers abroad, for oversupply - CER/BB - Sep 25, 2014
www.chinaeconomicreview.com/node/66360

"China had exported 52.4 million tons of steel as of the end of August, up 36% from a year earlier as low domestic demand has left producers with a massive surplus, Bloomberg reported, citing data the news agency had complied.

The price of steel rebar waiting to load at Tangshan Donghua Steel Enterprise Group fell 3.5% to RMB2,619 (US$426.50) a ton September 22, triggering a trading halt on the Shanghai futures exchange. More of the surplus is heading overseas, and could trigger trade disputes, reducing purchases. State-owned mining company and steel trader Sinosteel is also facing financial difficulties as some customers aren't paying on time, with unnamed sources saying the company's president had been removed Tuesday. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.677.647 von Popeye82 am 03.09.14 00:54:21

Vocational schools force students to "intern", @factories - CER/WSJ - Sep 25, 2014
www.chinaeconomicreview.com/node/66359

"Many students of China's vocational schools are being forced to work assembly lines as interns for manufactuers in order to graduate, The Wall Street Journal reported.

China's Ministry of Education, which said in 2010 that vocational schools must supply students to fill labor shortages, said there are at least eight million such student interns each year. Migrant workers remain drawn to coastal factories' higher wages despite a government push to direct industries inland. That leaves vocational schools to funnel many of their 29.34 million students to internships at undermanned factories that have little to do with students' majors and often violate labor rules. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.872.187 von Popeye82 am 25.09.14 11:46:25

Ex-top policy official confesses, to extensive bribery - CER/R - Sep 25, 2014
www.chinaeconomicreview.com/node/66358

"Former deputy head of the powerful National Development and Reform Commission Liu Tienan confessed in court Wednesday to bribery, Reuters reported, citing a court transcript.

Prosecutors charged Liu, sacked in May of last year, and his son of taking RMB35.6 million (US$5.8 million) in bribes in dealings with various companies including a Toyota Motor Corp (TM.NYSE) joint venture. Liu was the first ministerial-level official to face investigation after Xi Jinping became Communist Party head in late 2012. He could face a death sentence upon conviction, but the public prosecutor said in an opinion that Liu had been cooperative in handing over evidence to investigators, so the court would be leinient. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.872.187 von Popeye82 am 25.09.14 11:46:25

Xiaomi phones under scrutiny, in Taiwan - CER/R/NCC - Sep 25, 2014
www.chinaeconomicreview.com/node/66357

"Taiwan's government is inspecting phones made by the Chinese smartphone company Xiaomi to determine whether they pose a cyber security threat, Reuters reported, citing a statement from a communications official.

Gin-Shian Lou, a National Communications Commission director, said the government began performing independent tests on the phones after reports in recent months that some models automatically send user data back to the firm's servers in mainland China. In August, the company publicly apologized and said it would change a default cloud feature after a Finnish security company discovered Xiaomi was collecting address book data without permission. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.677.647 von Popeye82 am 03.09.14 00:54:21

China finds nearly $10,000,000,000, in faaaaake currency deals - CER/WSJ/CSAoFE - Sep 26, 2014
http://online.wsj.com/articles/china-uncovers-more-than-10-b…
www.chinaeconomicreview.com/node/66367

"A state investigation begun in April of last year has since uncovered almost RMB61.36 billion (US$10 billion) in fraudulent currency deals in China, The Wall Street Journal reported, citing Wu Ruilin, deputy director of the supervision and inspection department of China's State Administration of Foreign Exchange.

Wu said the crackdown ultimately covered 24 provinces and cities, including Qingdao. Allegations that traders there and in another port city had fraudulently used metal stockpiles as collateral for multiple loans roiled markets earlier this year. Now foreign banks and commodities firms have exposure to potential losses there of nearly US$1 billion, while exposure of Chinese banks could stretch into the billions of dollars, according to court filings, public bank statements and analysts' estimates. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.892.257 von Popeye82 am 27.09.14 22:49:23

Business newspaper's top executives fired, detained - CER/SCMP/X - Sep 26, 2014
www.chinaeconomicreview.com/node/66363

"21st Century Business Herald CEO and editor-in-chief Shen Hao and the paper's deputy general manager Chen Dongyang were detained yesterday as China continues to intensify its regulation of the news industry, South China Morning Post reported, citing a one-sentence Xinhua report.

The move follows in the wake of the recent detention of several senior executives of the news group’s online outlet on charges of extorting money from more than 100 companies in exchange for positive coverage. Nanfang Media group, which owns the paper, announced yesterday in an internal statement that Shen and Chen had been sacked. "

[Popeye82]

Antwort auf Beitrag Nr.: 47.892.272 von Popeye82 am 27.09.14 22:52:09

Chinese troops will, in fact, go to South Sudan to aid UN mission - CER/R - Sep 26, 2014
www.reuters.com/article/2014/09/25/us-china-southsudan-un-id…
www.chinaeconomicreview.com/node/66362

"Defense Ministry spokesman Geng Yansheng finally confirmed in a statement Thursday that China would send 700 troops to assist the UN mission in South Sudan, Reuters reported.

The location and timing of the deployment were still being negotiated, the statement said. An official from the president's office of South Sudan had previously claimed the troops were already being deployed to guard the country's oil fields and workers, which UN officials then denied. The ongoing rebellion threatens Beijing's oil investments in South Sudan, and Chinese officials have worked with Western diplomats to help regional African mediators push for a halt to the fighting. "

[Popeye82]

PBOC 'confident of continued growth' - CER/PBoC/R - Oct 13, 2014
www.reuters.com/article/2014/10/11/us-imf-china-economy-idUS…
www.chinaeconomicreview.com/node/66403

"Ma Jun, Chief Economist of the People’s Bank of China, stated on Saturday that despite indicators of slowing growth “the chance of a hard landing is very low," Reuters reported.

Ma acknowledged that the slowdown in real estate was putting downward pressure on the economy, but pointed to other engines of growth including the service sector, the internet, and healthcare. Premier Li Keqiang mimicked these sentiments in Germany on Friday, stating that China’s economy would continue to grow at "medium-to-high tempo", forecasting growth of about 7.5% this year. "

[Popeye82]

Increasing US demand for China ETFs spurs rationing - CER/BB - Oct 13, 2014
www.chinaeconomicreview.com/node/66405
www.bloomberg.com/news/2014-10-12/rationing-of-china-etfs-hi…

"The X-trackers Harvest CSI 300 China A-Shares ETF at Deutsche Asset & Wealth Management recently saw a US$130m surge in the span of five days, nearly exhausting its Chinese government-imposed A-share purchasing quota, Bloomberg reported.

Mainland stocks recently saw their largest quarterly gain since 2009, rising 15% in the three months ending September 30. This growth is leading to increased demand from abroad, as providers such as BlackRock and CSOP Asset Management are currently attempting to open up China's more than US$4 trillion A-shares market to US ETF investors. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.018.106 von Popeye82 am 13.10.14 11:35:39

den Originalartikel, der ists mal wert zu lesen

Shanghai's over-sixty population 'set to hit 7,700,000, by 2030' - CER/SCMP - Oct 13, 2014
[e-mail]
www.scmp.com/news/china/article/1615335/ageing-shanghai-need…
www.chinaeconomicreview.com/node/66404

"Zhou Haiwang, deputy director of population and development studies under the Shanghai Academy of Social Sciences, stated at a recent forum that Shanghai needs to expand its population to 35 million by 2050 to offset the effects of a rapidly aging population, South China Morning Post reported.

Zhou estimates that the percentage of the population aged over 60 years will climb from 4.6 million next year to 7.7 million in 2030, and 11 million after 2045. This imbalance between workers and elderly will need to be offset by an increased population. Liang Zhongtang, a demographer with the academy, added that in order to draw more laborers, “What we need from the government is less intervention and more market reform in order to lower the threshold to entering the service industry." "

[Popeye82]

Jump in exports to Hong Kong prompts over-invoicing worries
www.chinaeconomicreview.com/node/66412

"A 34% surge in exports to Hong Kong compared with levels a year ago has revived worries among analysts at some banks of over-invoicing and over-reporting, Bloomberg reported.

A discrepancy between Hong Kong data for imports from China and Chinese figures for exports to the territory has in the past highlighted these practices being use in diguising capital inflows banking on a rise in China's currency. After yesterday's data showed China's exports had increased 15.3% from a year earlier - the biggest increase since February 2013 - economists at Everbright Securities, Australia & New Zealand Banking Group and Bank of Communications suggested signs of distortion may have re-emerged in trade data. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.038.095 von Popeye82 am 15.10.14 02:24:35

China ends mortgage fees for some homebuyers - CER/R - Oct 14, 2014
www.reuters.com/article/2014/10/13/us-china-economy-property…
www.chinaeconomicreview.com/node/66413

"China announced plans on Monday to end mortgage fees for homebuyers borrowing from a government housing fund, Reuters reported, citing state media.

The government will exempt notarial, guarantee and mortgage insurance fees as well as valuation charges for new and existing homes that are financed by the government housing provident fund, Xinhua said on its official microblog. The housing provident fund is a government-designed savings plan that allows Chinese workers and their employers to pay a part of their monthly wages into the fund to finance future house purchases. Monday's move came after the government cut mortgage rates and down payment levels last month for some homebuyers in response to a softening housing market. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.038.098 von Popeye82 am 15.10.14 02:28:07

200,000,000 in China living on under RMB8 a day, or 15% of the country’s population, would be considered poor by international poverty measures, set at $1.25 a day - CER/WSJ/SC/OfPA&D/CD - Oct 16, 2014
http://blogs.wsj.com/chinarealtime/2014/10/15/more-than-82-m…
www.chinaeconomicreview.com/node/66426

"82 million rural Chinese live on a daily income of less than US$1 (RMB6.13) according to a senior official, The Wall Street Journal reported, citing state media.



- A man wearing a Santa Claus hat checks his collection tin as he begs for money in Hong Kong. More than 82 million rural Chinese still get by on less than $1 a day. Agence France-Presse/Getty Images -


Zheng Wenkai, vice minister of an office for poverty alleviation and development under the State Council, also told China Daily on Tuesday that about 200 million in China (roughly 15% of the population) would be considered poor by international poverty measures set at US$1.25 (RMB7.66) a day. The comments came ahead of China's inaugural "Poverty Alleviation Day" on Friday, designated as a way to raise public awareness of the issue. Zhen said the government planned to reform assistance programs hit by allegations of fund misuse. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.072.055 von Popeye82 am 18.10.14 01:58:25

Cabbies strike in Guangzhou over low salary, expanding fleet - CER/X/SCMP/YEN - Oct 16, 2014
www.chinaeconomicreview.com/node/66425
www.scmp.com/news/china/article/1617274/guangzhou-taxi-drive…

"Guangzhou taxi drivers went on strike Tuesday, calling for cuts to monthly license fees, reversal of a plan to put more cabs on the road and a crackdown on unlicensed taxis, South China Morning Post reported, citing state media.

Xinhua reported 400 taxis with "operation suspsended" signs on their windshields and claimed some drivers put the number on strike at over 2,000; several drivers told SCMP that up to 70% of the city's drivers were on strike after the government had ignored their calls. According to the city's transit authority Guangzhou has about 22,000 cabbies. An online report by the Yangcheng Evening News last night about the strike was quickly rendered inaccessible. "

[Popeye82]

2. Link ist der, direkte, Bericht

US Treasury Department 'notes yuan's rise, calls for more' - CER/BB/USTD - Oct 16, 2014
www.bloomberg.com/news/2014-10-15/u-s-says-china-shows-some-…
www.treasury.gov/resource-center/international/exchange-rate…
www.chinaeconomicreview.com/node/66424

"The US Treasury Department said China has shown "some renewed willingness" to let the yuan rise, Bloomberg reported, citing a twice-yearly report to Congress.

While the department reiterated that the RMB "remains significantly undervalued" in its report on the first half of 2014, it did nooooot designate any country as a currency manipulator. The report encouraged China to build on "the apparent recent reduction in foreign-exchange intervention and durably curb its activites in the foreign-exchange market." China's yuan retreated from a seven-month high yesterday as the central bank cut the currency's daily fixing by the most in seven weeks amid a rise in the dollar. "

[Popeye82]

Record number of public service posts, up for grabs - CER/AoCS/SCMP/SM/CNS - Oct 16, 2014
www.chinaeconomicreview.com/node/66423

"China's central government will offer more than 22,000 public service postings next year, South China Morning Post reported, citing state media.

More than 2,000 of the jobs will be based in Beijing, state-run China News Service quoted the Administration of Civil Service as saying Wednesday. The top three bodies with the most openings were the foreign ministry, the Shenzhen General Station of Exit and Entry Frontier Inspection, and the China Banking Regulatory Commission. Last year, more than 1.5 million registered for the national exam that promised fewer than 22,000 jobs. However, only 99,000 candidates actually sat the test. "

[Popeye82]

Cyber security blog says Apple iCloud in China hit by state-backed hackers - CER/GF.org/R - Oct 21, 2014
www.chinaeconomicreview.com/node/66442

"Hackers attempted to steal user data from Apple's (AAPL.NASDAQ) iCloud online storage service in China, Reuters reported, citing a post at Greatfire.org.

The cyber security blog asserted that Chinese authorities intercepted data transmitted between iCloud and users by interposing their own website between the two on Friday, which coincided with the launch of the iPhone 6 on the mainland. "All the evidence I've seen would support that this is a real attack. The Chinese government is directly attacking Chinese users of Apple's products," said Mikko Hypponnen, chief research officer at security software developer F-Secure. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.109.615 von Popeye82 am 23.10.14 03:07:38

Mexico cracks down on drug cartels' China-bound iron-ore shipments - CER/WSJ - Oct 21, 2014
www.chinaeconomicreview.com/node/66446
http://online.wsj.com/articles/mexicos-antidrug-push-weighs-…

"Mexico will probably export only 2 million tons of iron ore in 2014 thanks to a crackdown on shipments to China linked to drug cartels, The Wall Street Journal reported, citing Mexico's Coordinator General of Minerals Mario Cantú.

Last year Mexico exported about 10 million tons of the mineral, 9 million of which were bound for China. Cantú said the extent to which exports specifically to China will drop this year isn't clear, but suggested it will likely correspond with the 80% drop in total Mexican iron-ore exports. The plummet is linked to Mexico's moves to combat drug cartels operating in the country's top ore-producing state of Michoacán, and their expansion into lucrative shipments of the mineral to China. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.109.618 von Popeye82 am 23.10.14 03:10:20

Research firm predicts sharp drop in GDP growth over next decade - CER/WSJ/CB - Oct 21, 2014
www.chinaeconomicreview.com/node/66445
http://online.wsj.com/articles/china-growth-seen-slowing-sha…

"A new report forecasts China's growth as slowing to 3.9% by 2020-2025, The Wall Street Journal reported, citing business-research firm Conference Board.

The report, expected to be released Monday, predicts that productivity in China will nose dive and its leaders will fail to push through tough measures to remake the economy, but that foreign firms will benefit from the lean times, with more local talent to choose from and a wider selection of Chinese firms available for acquisition. China is scheduled to report its third-quarter economic growth on Tuesday. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.109.621 von Popeye82 am 23.10.14 03:13:14

China Mobile net income down for fifth straight quarter - CER/BB - Oct 21, 2014
www.chinaeconomicreview.com/node/66444
www.bloomberg.com/news/2014-10-21/china-mobile-posts-fifth-s…

"China Mobile's (CHL.NYSE, 941.HKG) net income fell 12% to US$4.1 billion (RMB24.9 billion) for the fifth consecutive quarter, Bloomberg reported, citing figures derived from nine-month results released by the company Monday.

Rising costs to roll out the carrier's fourth-generation network, which added 11.4 million users in September, are causing analysts to estimate net income will drop about 10% this year, which would be the biggest fall since 1999. Chief Executive Officer Li Yue is cutting US$2billion in smartphone subsidies after the government ordered carriers in July to reduce such spending to boost profit. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.109.624 von Popeye82 am 23.10.14 03:23:42

Streamlined M&A procedure cuts wait time in China by almost half - CER/MOFCOM/R - Oct 21, 2014
www.chinaeconomicreview.com/node/66443

"The introduction of a new procedure in April for "simple cases" of mergers and acquisitions has almost halved the time it takes to get approval from China's Ministry of Commerce (MOFCOM), Reuters reported, citing a data set published this month by the regulator which tracks both transaction filing and approval dates.

MOFCOM is making it easier for companies to plan and execute acquisitions, which is reducing legal costs by up to 40% to about US$80,000 on average for simple cases, lawyers said. The regulator took an average of 26 calendar days to approve deals filed under the new procedure according to analysis by law firm Norton Rose Fullbright. "

[Popeye82]

PBoC member predicts 7.2% growth, for 4th quarter - CER/PBoC/BB - Oct 27, 2014
www.chinaeconomicreview.com/node/66470

"Song Guoqing, an academic member of the People's Bank of China monetary advisory committee, has stated that China's economic growth will slow to 7.2% in the current quarter, and estimates 7.3% growth for 2015, Bloomberg reported.

Alternatively, Fan Jianping, chief economist at a state research institute, predicts only 7% growth in 2015, barring any stronger-than-expected stimulus measures. Fan's less optimistic view falls in line with a Bloomberg survey of 51 analysts, 13 of which predict the government will set a growth target of about 7% for next year. This would represent the slowest full-year growth since 1990. For now, China's government is holding off broad stimulus, and PBoC governor Zhou Xiaochuan is vowing to stick with a prudent monetary stance. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.147.173 von Popeye82 am 28.10.14 01:20:32

Fraud cases in China worry foreign lenders - CER/WSJ - Oct 27, 2014
www.chinaeconomicreview.com/node/66469

"Foreign lending in China has grown 47% over the previous year, but a string of suspected fraud cases has raised concerns regarding where that money ends up, The Wall Street Journal reported.

It came as a surprise to the Western banks involved when the chairman of Chinese property developer Agile Property Holdings, which is currently struggling with a US$475 million loan obligation, was taken into custody recently. This followed numerous other cases, including US$60 million lent to Chinese shoe company Ultrasonic that went missing, and the current legal battle involving half a dozen Western lenders regarding a fraud case at Qingdao port. China's declining property market, which accounts for nearly one-quarter of the country's economy, has led to a spike in bad loans and increased risk for lenders. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.147.173 von Popeye82 am 28.10.14 01:20:32

Slow growth may lead to government-led yuan devaluation - CER/PBoC/BNPP/BB - Oct 27, 2014
www.bloomberg.com/news/2014-10-26/yuan-s-rally-versus-peers-…
www.chinaeconomicreview.com/node/66468

"The continued appreciation of the yuan is likely to lead to an engineered "mini devaluation" to spur economic growth, Bloomberg reported, citing banking and financial services company BNP Paribas.

The Westpac trade-weighted index for the yuan has fluctuated inversely with China's GDP since at least 1995, so with the current economic slowdown it would make sense for the government to intervene to promote growth. The People's Bank of China has already done so significantly this year, buying enough dollars in the first quarter to weaken the yuan by 2.6%, but the currency continued to appreciate in the second and third quarters. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.147.182 von Popeye82 am 28.10.14 01:26:33

Anti-smog measures increase, in buildup to APEC summit - CER/SCMP - Oct 27, 2014
www.scmp.com/news/china/article/1624751/anti-smog-measures-u…
www.chinaeconomicreview.com/node/66466

"Beijing has ordered its five neighboring provinces to cut their emissions by 30% from November 3 to 12 in preparation for the upcoming APEC summit, South China Morning Post reported.

In Beijing itself, 69 major polluters have been ordered to shut down completely while another 72 must reduce output. Beijing's PM2.5 index, a measure of hazardous particles in the air, was at 310 micrograms per cubic meter for the Beijing international marathon last week, and after dipping for a short period was back to 311 Sunday. Those figures were more than 12 times the World Health Organization's recommended safe level. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.147.188 von Popeye82 am 28.10.14 01:34:05

Xi Jinping calls for spread of Shanghai FTZ "seeds", across China - CER/SCMP/X - Oct 28, 2014
www.chinaeconomicreview.com/node/66473

"President Xi Jinping urged the party's leading group for overall reform to expand the Shanghai free-trade zone pilot scheme to other parts of the mainland, South China Morning Post reported, citing state media.

"We should plant these seeds in more land so that flowers will blossom and fruits will be harvested as quickly as possible," Xinhua reported Xi as saying. The remarks followed weekend media reports that a plan to set up an FTZ in Tianjin has been endorsed by ministry-level regulators and was awaiting the State Council's go-ahead. To date, the only significant step the Shanghai zone has taken is establishment of a gold trading platform inviting foreign investors to play the metal. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.147.269 von Popeye82 am 28.10.14 04:24:02

Mainland-HK invoices further diverge, suggesting fake invoices - CER/BB - Oct 28, 2014
www.bloomberg.com/news/2014-10-27/china-fake-invoice-evidenc…
www.chinaeconomicreview.com/node/66475

"For every US$1 of imports Hong Kong registered in September China recorded US$1.56, resulting in a US$1.35 billion divergence and suggesting fake export invoicing had inflated mainland trade data, Bloomberg reported, citing government data it had compiled.

Hong Kong's imports from China climbed 5.5% from a year earlier to US$24.1 billion, figures showed Monday; China's exports to Hong Kong surged 34% to US$37.6 billion according to mainland data on October 13. While China's government has strict rules on importing capital, those seeking to exploit yuan appreciation can evade the limit by disguising money inflows as payment for goods exported to foreign countries or territories, especially Hong Kong. "

[Popeye82]

China plans signing of anti-corruption deal, @APEC - CER/R - Oct 30, 2014
www.chinaeconomicreview.com/node/66483

"Chinese Foreign Minister Wang Yi announced Wednesday that Beijing would agree to a deal to fight corruption at November's Asia-Pacific Economic Cooperation (APEC) summit, Reuters reported.

Wang said the anti-corruption plan was one of the agreements to be signed at APEC, but did not give details of its contents. China announced in July an operation called Fox Hunt targeting dirty officials who have fled overseas with ill-gotten gains; Australia, a popular destination for such criminals, has already promised its cooperation. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.180.835 von Popeye82 am 31.10.14 04:18:04

Central government pledges support, for property industry - CER/SC/BB/CSGAG - Oct 30, 2014
www.bloomberg.com/news/2014-10-29/china-to-support-consumpti…
www.chinaeconomicreview.com/node/66487

"China's State Council announced Wednesday that the government would support consumption in six industries including property, Bloomberg reported, citing an official statement.

China will "stabilize" housing-related consumption and relax conditions under which tenants can use their provident housing funds, the statement said, though it did not provide further details on any measures to do so. The announcement is the first in recent years in which the central government officially declared direct support for the housing market, according to Credit Suisse Group AG. "

[Popeye82]

SAT scores delayed in China +Korea, amid suspicions of cheating - CER/NYT - Oct 31, 2014
www.chinaeconomicreview.com/node/66490

"The Educational Testing Service, the company responsible for administering the SAT worldwide, has withheld some Chinese and Korean test results due to suspected cheating, The New York Times reported.

Academic cheating has been a long-documented problem in both China and South Korea, with eight Korean "SAT brokers" being indicted last year and 900 SAT scores being voided in 2007. The recent instance comes at a particularly bad time, as many students are scrambling to meet early enrollment deadlines and are unable to as their scores are being delayed. "

[Popeye82]

Xiaomi said to be valued @$40,000,000,000 -50,000,000,000, in talks for new funding round - CER/BB - Nov 4, 2014
www.chinaeconomicreview.com/node/66500

"Smartphone maker Xiaomi is discussing a financing round valuing the company at US$40-50 billion, Bloomberg reported, citing unnamed sources.

The discussions are at an early stage and nothing is finalized, said the sources, who asked not to be identified because the matter is private. The world's third-biggest smartphone maker had a financing round in August 2013 that valued it at US$10 billion. The latest valuation surpasses more established Asian electronics makers including Sony (SNE.NYSE), which has a market capitalization of about US$21 billion, as well as Lenovo's (992.HKG) US$16 billion. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.213.301 von Popeye82 am 04.11.14 09:40:40

Orders up, but profits still @low tide for China shipbuilders - CER/C/CAoNSI - Nov 4, 2014
www.chinaeconomicreview.com/node/66502

"An increase in orders at China's shipbuilding companies this year belies more cuthroat conditions in the industry, Caixin reported, citing data from the Chinese Association of the National Shipbuilding Industry.

Said data show that the industry received orders totaling 47.4 million tons of cargo capacity from January to August, year-on-year growth of 35.8%, but that profits of the 87 major domestic shipbuilders over the same period stand at only RMB3.38 billion - a drop of 13.6%. While companies generally make annual profits of around 5% according to industry sources, increasing labor and equipment costs have them struggling to break even. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.213.391 von Popeye82 am 04.11.14 09:47:05

October services PMI shows sector growth @9-month low - CER/R/NBoS - Nov 4, 2014
www.chinaeconomicreview.com/node/66504

"China's official non-manufacturing Purchasing Managers' Index (PMI) fell to 53.8 in October from September's 54.0, indicating slow growth but still well above the 50-point mark separating monthly growth from contraction, Reuters reported, citing the National Bureau of Statistics.

The sub-index of new orders inched up to 51.0 in October from September's 49.5; the sub-index for employment fell to 48.9 in October, its fourth month below 50. The services sector made up 46.1% of gross domestic product in 2013, surpassing the secondary sector - manufacturing and construction - for the first time. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.213.700 von Popeye82 am 04.11.14 10:12:08

China bank fees hit 4-year high, thanks to big tech sector deals - CER/TR/WSJ - Nov 4, 2014
www.chinaeconomicreview.com/node/66503

"Bank fees hit their highest level in China since 2010 this year thanks in part to a string of bond sales and mergers and despite the country's sluggish GDP growth, The Wall Street Journal reported, citing Thomson Reuters data.

The value of deals handled by China's investment banks reached a record US$679 billion so far this year, up from US$544 billion last year. A wave of fees sent bank-ward by big deals from tech giants like Alibaba (BABA.NYSE) marked a shift from years past, when state-owned firms were banks' top clients. "

[Popeye82]

Canton Fair revenue fall suggests weaker Q4 export demand - CER/CF/R - Nov 5, 2014
www.chinaeconomicreview.com/node/66511

"China's twice-yearly Import and Export Fair generated RMB179.2 billion in revenue this fall, 8.6% less than last fall's fair, Reuters reported, citing a statement from the fair's organizers.

The event, popularly known as the Canton Fair, is China's biggest trade exhibition and is seen as a forward indicator of demand for the country's exports. Despite Beijing's desire to pivot away from trade, analysts said strong export growth contributed significantly to China's 7.3% growth in the third quarter from a year earlier. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.223.615 von Popeye82 am 05.11.14 05:40:50

Research shows China had 670,000 smog-related deaths, in 2012 - CER/SCMP - Nov 5, 2014
www.chinaeconomicreview.com/node/66508

"Researchers attempting to put a monetary cost on the environmental effects of heavy coal usage have found that 670,000 people died in 2012 from smog-related causes, while the environmental and health cost came out to RMB260 per ton of coal produced and used in 2012, South China Morning Post reported.

The study found that more than 70% of the population was exposed to pollution levels in excess of the government's acceptable level for air quality, and 157 million people lived in areas that exceeded the World Health Organization's recommendation by tenfold. China currently relies on coal for 70% of its energy. "

[Popeye82]

Iron ore drops to 5-year low, as Beijing curbs mills' output for APEC - CER/BB, MB - Nov 6, 2014
www.chinaeconomicreview.com/node/66524

"Iron ore delivered to Qingdao dropped 2% to US$76.46 a dry metric ton - the lowest level for the commodity in five years - as orders to cut pollution before this month's APEC summit forced some mills in China to curb output, Bloomberg reported, citing data from Metal Bulletin.

The raw material has fallen 43% in value this year, as producers including BHP Billiton (BHP.NYSE) expanded supplies and spurred a surplus. The summit in Beijing will run from November 7-12, with the provinces of Hebei and Shandong bearing the brunt of the losses as authorities order factory shutdowns in an attempt to ensure clean air for the duration. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.261.316 von Popeye82 am 08.11.14 03:58:44

Proposal calls for lifting some foreign investment restrictions, adding others - CER/FT/NDRC - Nov 6, 2014
www.ft.com/intl/cms/s/25526d5e-64d1-11e4-bb43-00144feabdc0,A…
www.chinaeconomicreview.com/node/66523

"The National Development and Reform Commission has proposed lifting some restrictions on foreign investment in China, reducing the number of sectors in which foreign companies are limited to minority stakes or are required to form joint ventures in from 79 to 35, The Financial Times reported, citing a proposal released for public consultation.

However, several sectors removed from the list will remain restricted to foreign companies because of separate regulations and most of the newly opened industries are small and specialized or are already dominated by highly competitive Chinese companies. Meanwhile, a separate list of industries in which foreign investment is completely banned will be expanded. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.213.301 von Popeye82 am 04.11.14 09:40:40

Xiaomi earnings rose 84% in 2013, document shows - CER/WSJ - Nov 6, 2014
www.chinaeconomicreview.com/node/66522

"Smartphone maker Xiaomi's net profits rose 84% last year to RMB3.46 billion (US$566 million) from RMB1.88 billion in 2012 as revenue more than doubled to RMB27 billion, The Wall Street Journal reported, citing a confidential document the company presented to banks in a recent pitch to raise US$1 billion in loans for overseas expansion or acquisition.

The four-year-old company, which a few months ago surpassed Samsung Electronics (005930.KRX) as the biggest smartphone vendor in China by shipments, also forecast a 75% net profit increase in the document. "

[Popeye82]

Poultry restrictions to expand, across all of Guangdong - CER/SCMP/GD, GUANGZHOU - Nov 6, 2014
www.chinaeconomicreview.com/node/66520

"Live poultry restrictions for the cities of Guangzhou, Foshan and Shenzhen will be extended to the entire province of Guangdong in an attempt to control the spread of bird flu, South China Morning Post reported, citing local media.

The Guangzhou Daily reported the director of the province's food and drug administration as saying only vendors who meet official guidelines will be allowed to sell live poultry, with slaughtering of poultry in wet markets forbidden during peak bird flu seasons. However, a sociologist at the Guangzhou Academy of Social Sciences doubted whether the proposals would work due to the widespread preference for fresh birds in the province. "

[Popeye82]

Hong Kong economy still humming, despite dire warnings - CER/BB - Nov 3, 2014
www.bloomberg.com/news/2014-11-02/hong-kong-mcnuggets-rolex-…
www.chinaeconomicreview.com/node/66495

"Hong Kong's economy remains largely untouched by the ongoing pro-democracy protests that authorities and business leaders there have warned could upend the city's role as a hub of international finance, Bloomberg reported, citing local business reports and market data.

Hong Kong's benchmark Hang Seng Index has shrugged off the protests, closing little changed on October 31 and up 1% since the last trading day before the protests began. Local businesses closest to the protests have been heaviest hit, but for larger businesses the disruptions have been offset for the most part as other outlets in Hong Kong benefited from displaced business. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.265.342 von Popeye82 am 09.11.14 07:56:39

Alibaba looks to facilitate specialty shop exports, to China - CER/WSJ/MA - Nov 3, 2014
www.chinaeconomicreview.com/node/66497

"Alibaba is continuing its foreign expansion with the website 11Main, which Jack Ma said is meant to facilitate export of US and other foreign specialty products to China, The Wall Street Journal reported.

In an interview with the Journal Ma explained that 11Main is focused on getting products from the rest of the world to the Chinese consumers who want them, rather than the other way around. "I'm more interested in brining America to China, Brazil to China, Russia to China, because selling Chinese products around the world - that's the past 10, 15 years," Ma said. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.265.366 von Popeye82 am 09.11.14 08:15:29

Civil aviation administration forecasts demand for 0,5 million pilots - CER/R/CAA - Nov 3, 2014
www.reuters.com/article/2014/11/02/us-china-pilots-idUSKBN0I…
www.chinaeconomicreview.com/node/66496

"The Civil Aviation Administration of China expects that the country will need to train 500,000 additional civilian pilots within the next two decades to meet demand, Reuters reported, citing the deputy chief of the administration's pilot school.

The boom comes as China is scheduled to allow private planes to fly below 1,000 meters next year without military approval. The administration can only handle 100 students a year at its training unit, and with the rest of China's dozen-odd pilot schools bursting at the seams, foreign players are joining local firms in laying the groundwork for new courses that can run to hundreds of thousands of dollars per trainee. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.265.552 von Popeye82 am 09.11.14 09:14:07

US pressure keeps China trade pact off the table, @APEC - CER/WSH/APEC - Nov 3, 2014
www.chinaeconomicreview.com/node/66498

"The US has continued to block the start of negotiations for a China-backed free trade agreement in the lead up to the upcoming APEC forum meeting in Beijing, The Wall Street Journal reported.

APEC has long been discussing the Free Trade Area of the Asia Pacific (FTAAP), but has yet to begin formal negotiations on such a deal. China, concerned with losing out on regional trade as the US draws nearer to completing its Trans-Pacific Partnership agreement, which spans much of Asia but excludes China, is looking for an alternative option. Meanwhile, the US fears that beginning negotiations on a new trade deal now will hinder the completion of the TPP. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.265.645 von Popeye82 am 09.11.14 09:35:37

Manufacturing growth continues; to slow - CER/BB - Nov 3, 2014
www.bloomberg.com/news/2014-11-01/china-manufacturing-slowed…
www.chinaeconomicreview.com/node/66499

"China's manufacturing growth continued to slow in October, with the government's purchasing managers' index (PMI) dropping from 51.1 to 50.8, Bloomberg reported.

The economy as a whole expanded only 7.3% in the third quarter, the weakest pace in five years, leading to estimates of the slowest full-year growth since 1990. Growth slowed from September for output, new orders, new export orders, stockpiles and expectations. This comes as some of the biggest drivers of growth, such as fixed-asset investment, are slowing, and heavy industries such as steel and coal are seeing lower prices. "

[Popeye82]

Volvo begins production of top-selling model, in Chengdu - CER/R - Nov 10, 2014
www.chinaeconomicreview.com/node/66537

"Volvo said it had begun producing its best-selling XC60 model at its Chengdu factory, shifting production further to the mainland for the onetime American brand, Reuters reported, citing a statement from the company.

Volvo, bought by Geely Automobile Holdings (0175.HKG) from Ford Motor Co. (F.NYSE) in 2010, has racked up 16 straight months of rising sales thanks in part to strong growth in China, though lackluster performance in the US remains a headache. The company aims to nearly double annual sales to 800,000 cars by 2020 and stake out a claim in the premium market dominated by rivals such as Daimler's (DAI.ETR) Mercedez-Benz and BMW (BMW.ETR). "

[Popeye82]

Antwort auf Beitrag Nr.: 48.282.652 von Popeye82 am 11.11.14 10:30:11

HK chief exec: Shanghai stock connect date coming in "near future" - CER/BB, BEIJING - Nov 10, 2014
www.bloomberg.com/news/2014-11-09/hong-kong-shanghai-link-st…
www.chinaeconomicreview.com/node/66538

"Hong Kong's Chief executive Leung Chun-ying said authorities "will announce a formal launch date in the near future" for the continually delayed stock linkup between bourses in Hong Kong and Shanghai, Bloomberg reported, citing a statement made to reporters on Sunday in Beijing after a meeting with President Xi Jinping.

China is counting on the planned link between the exchanges, which will allow RMB23.5 billion (US$3.8 billion) a day in purchases, to help liberalize its financial system and increase use of the yuan. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.265.645 von Popeye82 am 09.11.14 09:35:37

Xi 'downplays risks, promotes trade agreement @APEC' - CER/BB/APEC - Nov 10, 2014
www.bloomberg.com/news/2014-11-09/president-xi-says-7-percen…
www.chinaeconomicreview.com/node/66534

"President Xi Jinping said to an APEC CEO summit Sunday regarding the possibility of China's growth rate slowing further and other obstacles that "risks are indeed there but they're not that scary," Bloomberg reported.

"Even a growth rate of about seven percent will put China among the top performers in the world in terms of both speed and size," Xi said, calling the slowdown a part of the new normal in China. The weekend also saw Xi promoting the proposed Free Trade Area of the Asia-Pacific (FTAAP), rival to the US-backed Trans-Pacific Partnership which excludes China. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.283.054 von Popeye82 am 11.11.14 10:52:52

ICBC to become North America's 1st yuan-clearing bank - CER/WSJ/CCB - Nov 10, 2014
www.chinaeconomicreview.com/node/66535

"Industrial & Commercial Bank of China (601398.SHA) will become a clearing bank for RMB transactions in Canada, The Wall Street Journal reported, citing a statement from China's central bank.

The announcement comes one day after China and Canada reached a broad agreement on expanding the use of the yuan in the Canadian market, and makes state-run ICBC (China's largest bank in terms of assets) the first yuan-clearing bank in North America. In the agreement reached on Saturday during a visit to Beijing by Canadian Prime Minister Stephen Harper, the two countries agreed to set up a currency swap line worth the equivalent of US$32 billion. "

[Popeye82]

Obama announces new suite of US-China visa term extensions - CER/SCMP - Nov 11, 2014
www.chinaeconomicreview.com/node/66542

"US President Barack Obama announced a visa agreement allowing Chinese and US citizens to obtain business and short-term tourist visas valid for a decade, with student and cultural exchange visas valid for five years - all up from their former one-year limits, South China Morning Post reported.

There were 1.8 million Chinese visitors to the US last year, Obama said in a speech at the ongoing APEC summit in Beijing, contributing US$21 billion to the economy and supporting more than 100,000 jobs. "

[Popeye82]

China debuts new stealth fighter jet, @airshow - CER/SCMP - Nov 12, 2014
www.chinaeconomicreview.com/node/66547

"China debuted its new J-31 stealth fighter jet yesterday at the biannual international air show in the Guangdong province city of Zhuhai, South China Morning Post reported.

The air show also displayed an acrobatic performance of China's J-10 jet fighters, which was the first time the air force's "August 1st" aerobatic and parachute team included women pilots, who flew half of the six jet squadron. With the debut of the J-31, China is now the only country besides the U.S. to have two stealth fighter designs in field testing at the same time."

[Popeye82]

Antwort auf Beitrag Nr.: 48.309.553 von Popeye82 am 13.11.14 13:38:14

U.S. +China reach agreement on tech tariff reductions - CER/WSJ - Nov 12, 2014
www.chinaeconomicreview.com/node/66546

"China and the United States announced a deal to expand the Information Technology Agreement, which will lower tariffs on a wide range of technology products, The Wall Street Journal reported.

The new deal includes 200 different tariff categories, including the elimination of tariffs as high as the 25% rate on next-generation semiconductors. The agreement still needs to be ratified next month by the World Trade Organization, and the two sides continue to debate how rapidly the tariff reductions will be implemented, but iiiiif successful the deal would eliminate tariffs on roughly $1 trillion of sales and generate as many as 60,000 U.S. jobs, according to U.S. Trade Representative Michael Froman. "

[Popeye82]

Beijing denies blocking G20 agreement on "beneficial ownership" - CER/SCMP/TI - Nov 14, 2014
www.chinaeconomicreview.com/node/66560

"Beijing denied yesterday claims by Berlin-based group Transparency International that China is blocking adoption of draft principles on the practice of holding assets under another name, which Australia hoped to debut at this weekend's G20 summit, South China Morning Post reported, citing the foreign ministry's department of international economic affairs.

The department's director general, Zhang Jun, said China supported cooperation on the issue, known as beneficial ownership, "on the whole", but "in terms of company registration, different countries have different legal procedures and practices." "

[Popeye82]

interessante Meldung

Australian mining magnate to peddle milk powder in China - CER/BB - Nov 14, 2014
www.chinaeconomicreview.com/node/66562
www.chinaeconomicreview.com/troubleddeliveries

"Hope Dairies, indirectly controlled by Australian iron ore billionaire Gina Rinehart, is planning to invest A$500 million (US$435 million) in the Chinese infant formula market, Bloomberg reported, citing a co-investor in a new project which will require 5,000 hectares of farmland in Queensland state and that aims to begin production in 2016.

The move comes as Australian mining firms have begun expanding into food production to tap rising demand from Asia's middle classes. The new farm may produce as much as 30,000 metric tons of formula a year. (For more on formula's rise in China, see our in-depth report.) "

[Popeye82]

Antwort auf Beitrag Nr.: 48.327.271 von Popeye82 am 15.11.14 01:14:01

Li Keqiang sweetens the pot for ASEAN, with US$20,000,000,000 in loans - CER/SCMP - Nov 14, 2014
www.chinaeconomicreview.com/node/66563

"Chinese Premier Li Keqiang promised members of the Association of Southeast Asian Nations (ASEAN) additional support in the form of US$20 billion in loans as the countries met in Myanmar following the recent APEC summit in Beijing, South China Morning Post reported.

Other financial support on offer from China included RMB3 billion (US$489 million) to fight poverty, as well as other initiatives to boost infrastructure and economic development. The 21 APEC economies also agreed to move toward a new free-trade zone that is backed by Beijing and rivaling the US-led Trans-Pacific Partnership, which excludes China. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.327.283 von Popeye82 am 15.11.14 01:37:20

China property investment slows further, but less severely - CER/NBoS/R - Nov 14, 2014
www.chinaeconomicreview.com/node/66564

"Property investment rose only 12.4% during the first ten months of 2014 year-on-year, its slowest pace since July 2009, Reuters reported, citing the National Bureau of Statistics.

However there was some indication that Beijing's efforts to prop up the sector had helped, as property sales fell 1.6% in October in terms of floor space, compared to September's more substantial 10.3% drop. The NBS data also showed mortgage loans to home buyers dropped 4.3% in the first 10 months of 2014, easing from the drop of 4.9% in January-September, as banks quickened their mortgage approvals and began providing preferential rates to some home buyers. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.327.292 von Popeye82 am 15.11.14 01:47:14

Hong Kong to scrap cap, on residents' daily RMB conversion - CER/SCMP - Nov 13, 2014
www.chinaeconomicreview.com/node/66554

"The Hong Kong Monetary Authority's chief executive, Norman Chan Tak-lam, announced yesterday that it would scrap the daily yuan conversion limit for residents of RMB20,000 on Monday, November 17, the same day that the Hong Kong-Shanghai Stock Connect is set to begin, South China Morning Post reported.

The daily conversion limit was put in place in 2004 to stymie currency speculation, but Hong Kong has allowed non-residents to convert unlimited quantities of the yuan daily since 2012. The daily limit of RMB80,000 on yuan remittances to the mainland by holders of Hong Kong bank accounts will remain, and cross-border travelers will still have to declare physical holdings of RMB20,000 or more. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.334.705 von Popeye82 am 16.11.14 19:26:50

'Heartening' US-China emissions deal falls far short of IPCC goal - CER/R/IPCC - Nov 13, 2014
www.reuters.com/article/2014/11/12/us-china-usa-climatechang…
www.chinaeconomicreview.com/node/66556

"A new accord between the US and China to cut greenhouse gas emissions falls far short of a road map toward zero net emissions by century's end that the UN's Intergovernmental Panel on Climate Change (IPCC) holds is necessary, Reuters reported, citing IPCC Chair Rajendra Pachauri.

Pachauri called the deal "a heartening development," but acknowledged that planned cuts would not be enough to avert what a recent IPCC report called "severe, widespread and irreversible impacts" on human society and nature caused by emissions, including intensifying heat waves, floods, storms and rising sea levels."

[Popeye82]

Flood of jewelry exports points to inflated invoices, analysts say - CER/HKPC/ML/SCMP, HONG KONG - Nov 17, 2014
www.chinaeconomicreview.com/node/66569

"Mainland customs data showed US$15.7 billion of exported precious metals and jewelry in the past two months despite global demand for luxury goods dropping precipitously since the third quarter, signaling a resurgence in inflated invoicing, South China Morning Post reported, citing a survey by the Hong Kong Productivity Council.

According to Lu Ting, an economist at Bank of America Merrill Lynch, the recent over-invoicing problem might be more related to attempts to skirt rules around export-value-added tax rebates, which would mark a departure from invoices used in the first half of the year for arbitrage and illicit capital leakage across the border through shadow banking. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.344.848 von Popeye82 am 17.11.14 23:42:01

G20 meeting resolves China impasse, over ownership transparency - CER/FT - Nov 17, 2014
www.chinaeconomicreview.com/node/66566

"Leaders from the Group of 20 leading nations pledged in a joint statement to implement "high-level principles on beneficial ownership transparency" to help unmask shell companies, a turnaround from September's meeting in Paris at which Chinese leaders expressed concerns over tackling the issue, The Financial Times reported.

The objection surprised diplomats in light of Beijing's ongoing anti-corruption drive, but officials said the impasse over the plan had been resolved following talks in Brisbane. The principles state that countries should ensure that legal persons maintain beneficial-ownership information onshore and that information is adequate, accurate and current. "

[Popeye82]

China weitet Internetsperren aus - DPA/W: 0/EC, PEKING - Nov 18, 2014
www.wallstreet-online.de/nachricht/7182001-china-weitet-inte…

"China hat seine Internetblockaden auf tausende weiterer Internetseiten ausgeweitet. Der Großanbieter von Cloud-Diensten, Edgecast, räumte am späten Montag in einer Mitteilung ein, dass viele seiner Dienster seit kurzem von China aus nicht mehr oder nur noch eingeschränkt abrufbar sind. Zuvor hatten die Zensurexperten der Plattform Greatfire.org von einer massiven Blockade von Could-Diensten in China berichtet. Die Webseite verfolgt die Zensurmaßnahmen der chinesischen Regierung im Internet. Edgecast stellt nach eigenen Angaben Could-Dienste für Tausende von Internetseiten und Apps bereit./seu/DP/stb "

[Popeye82]

Antwort auf Beitrag Nr.: 48.344.923 von Popeye82 am 18.11.14 00:23:11

Apple adds UnionPay option, to iOS on mainland - CER/TiA - Nov 18, 2014
www.chinaeconomicreview.com/node/66574
www.techinasia.com/apple-set-money-china-adds-unionpay-payme…

"Apple (AAPL.NASDAQ) has added UnionPay to the payment options available to mainland Chinese customers, Tech In Asia reported, citing a statement from the company yesterday.

The addition of the mainland's only domestic bank card organization will make it much easier for many iOS users to purchase apps, which previously entailed the relatively arduous process of logging into one's online banking account and then depositing money into an App Store account, meaning that all purchases were essentially prepaid. While far more in China use Android phones, China's iOS users outspend them. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.282.949 von Popeye82 am 11.11.14 10:47:29

Hong Kong-Shanghai market linkup launches - CER/WSJ - Nov 18, 2014
www.chinaeconomicreview.com/node/66576

"Foreign investment in mainland Chinese companies had already hit the daily quota of US$2.1 billion allotted by the Hong Kong-Shanghai Stock Connect early in the afternoon of the trading link's first day of operations, The Wall Street Journal reported.

However, mainland investors were less interested in buying shares listed in Hong Kong, with only 17% of their US$1.7 billion quota filled at the end of the trading day. Global traders bet on well-known Chinese brands that were previously inaccessible to foreign investors and stand to benefit from the rise in consumer spending in China. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.349.159 von Popeye82 am 18.11.14 13:52:21

China's October lending weak, despite capital injection - CER/WSJ/PBoC - Nov 18, 2014
www.chinaeconomicreview.com/node/66577

"China's banks issued only RMB548.3 billion in new loans in October, down from 857.2 billion the month prior, The Wall Street Journal reported, citing a report from the People's Bank of China (PBOC).

China's social financing this month totaled RMB662.7 billion down from RMB1.05 trillion in September, with M2, China's broadest measure of money supply, growing 12.6% at the end of October year-over-year, lower than the 12.9% rise at the end of September. Economic deceleration is making banks more wary of lending and companies are increasingly reluctant to borrow or invest, economists said. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.349.288 von Popeye82 am 18.11.14 14:03:43

Australia +China sign major free trade agreement - CER/R - Nov 18, 2014
www.chinaeconomicreview.com/node/66578

"Australia and China struck a deal Monday establishing a substantial free trade agreement that opens Chinese markets to farm exporters in Australia and loosens restrictions on Chinese investment in Australia, Reuters reported.

Australian Prime Minister Tony Abbott and Chinese President Xi Jinping signed a memorandum of understanding clinching the agreement worth potentially more than A$20 billion (US$17.56 billion) during a ceremony in parliament in Canberra. China is already Australia's top trading partner, with two-way trade of around A$150 billion (US$ 130 billion) in 2013. "

[Popeye82]

Slowed growth, rising wages squeeze China's private enterprises - CER/BB - Nov 20, 2014
www.bloomberg.com/news/2014-11-19/china-wages-policy-backfir…
www.chinaeconomicreview.com/demographics-downturn-combine-sp…
www.chinaeconomicreview.com/node/66588

"Government policies encouraging rapid wage growth to boost consumption are clashing with attempts to aid private enterprise as China's slowing economic expansion and lagging low-cost manufacturing sector put the squeeze on small and medium-sized companies, which are now struggling to pay employees, Bloomberg reported, citing analysts and economic data.

Profit growth of private enterprises dropped to 9.7% for the first nine months of 2014, down from 14.8% for the period in 2013; average private sector manufacturing wages rose 13.5% last year after a 16.9% gain in 2012. (For more on labor and wages in China, see our recent in-depth report.) "

[Popeye82]

Slowed growth, rising wages squeeze China's private enterprises - CER/BB - Nov 20, 2014
www.bloomberg.com/news/2014-11-19/china-wages-policy-backfir…
www.chinaeconomicreview.com/demographics-downturn-combine-sp…
www.chinaeconomicreview.com/node/66588

"Government policies encouraging rapid wage growth to boost consumption are clashing with attempts to aid private enterprise as China's slowing economic expansion and lagging low-cost manufacturing sector put the squeeze on small and medium-sized companies, which are now struggling to pay employees, Bloomberg reported, citing analysts and economic data.

Profit growth of private enterprises dropped to 9.7% for the first nine months of 2014, down from 14.8% for the period in 2013; average private sector manufacturing wages rose 13.5% last year after a 16.9% gain in 2012. (For more on labor and wages in China, see our recent in-depth report.) "

[Popeye82]

Antwort auf Beitrag Nr.: 48.375.572 von Popeye82 am 21.11.14 01:51:57

Suits mount against Syngenta, after China rejects GM corn shipments - CER/WSJ - Nov 20, 2014
www.chinaeconomicreview.com/node/66587
http://online.wsj.com/articles/adm-sues-syngenta-over-geneti…

"Chicago-based grain processor Archer Daniels Midland (ADMN.NYSE) has filed suit against Syngenta AG (SYT.NYSE) over losses the company says it suffered resulting from a push by the latter to sell genetically engineered corn in the US without first getting Chinese regulators' approval, The Wall Street Journal reported, citing court documents.

The suit joins a host of others by American farmers blaming the Swiss agribusiness for a sharp decline in US corn exports to China this year. The farmer lawsuits estimate more than US$1 billion in losses for US crop producers due to China's refusal to buy US corn after the first cargos were rejected late last year. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.213.301 von Popeye82 am 04.11.14 09:40:40

Xiaomi stake in IQiyi pegs site's value @'up to' $3,000,000,000, sources say - CER/BB - Nov 20, 2014
www.chinaeconomicreview.com/node/66586
www.bloomberg.com/news/2014-11-19/xiaomi-shunwei-to-invest-3…

"A US$300 million investment by smartphone maker Xiaomi and Shunwei Capital for about 10-15% of Baidu's (BIDU.NYSE) IQiyi.com values the video website at US$2-3 billion, Bloomberg reported, citing unnamed sources.

Baidu will invest an additional US$100 million and hold about 80% of the site, according to people familiar with the matter. Baidu, Xiaomi and IQiyi will jointly develop content and technology products, especially for mobile Internet, according to an e-mailed statement that announced the US$300 million investment. Xiaomi Chief Executive Officer and Shunwei Capital Chairman Lei Jun has branched out into tablet computers, Internet-ready TVs and set-top boxes, and has pledged to invest at least US$1 billion in content. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.375.596 von Popeye82 am 21.11.14 02:27:03

Drug busts net 24,000 suspects, as meth flows continue - CER/TT/CNCB - Nov 20, 2014
www.telegraph.co.uk/news/worldnews/asia/china/11239884/China…
www.chinaeconomicreview.com/node/66585

"China's Narcotics Control Bureau claims it has nabbed 24,000 suspects in the course of a high-profile crackdown against illegal drugs over the past two months, The Telegraph reported.

Bureau Director Liu Yuejin said the flow of methamphetamine was proving particularly hard to control, and suggested there could be more than 13 million addicts in China. Large quantities of meth enter the country from Burma and the Mekong delta in the south as well as from North Korea; the drug is also produced in the southern province of Guangdong for shipment overseas. Drug crimes in China can be punished with the death penalty or life imprisonment. "

[Popeye82]

China reveals strategic oil reserve size +locations - CER/SCMP - Nov 21, 2014
www.chinaeconomicreview.com/node/66594

"China's National Bureau of Statistics made the size of the country's estimated strategic oil reserves -- totaling 12.43 million tons of crude -- public for the first time on Thursday, South China Morning Post reported.

The announcement from the bureau showed four reserve bases along China's eastern coast in the cities of Zhoushan, Zhenhai, Huangdao and Dalian, for a combined stockpile of about 91 million barrels. The amount is only enough for roughly nine days' consumption, far below the international standard of reserving enough to cover three months of imports, though the government plans to build up more reserves in the coming years. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.380.282 von Popeye82 am 21.11.14 13:53:44

S&P finds 15 of China's provinces warrant junk ratings - CER/TFT - Nov 21, 2014
www.chinaeconomicreview.com/node/66591

"A new analysis by Standard and Poor's found about half of China's local governments may warrant junk-level credit ratings, The Financial Times reported.

The analysis found 15 of the 31 localities surveyed to be worthy of junk status and raised concerns over whether many less wealthy provinces and cities will be able to transition to bond issuance. The finance ministry in May launched a pilot program allowing 12 local governments to sell bonds directly, but these findings cast doubt about the program's ability to expand further. Northeast China fared the worst in the analysis, followed by central China and western China. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.380.438 von Popeye82 am 21.11.14 14:02:29

China secures $12,000,000,000 railway deal, with Nigeria - CER/SCMP/X - Nov 21, 2014
www.chinaeconomicreview.com/node/66592

"China Railway Construction Corp (1186.HKG) signed a US$12 billion deal with Nigeria yesterday to build an inter-city railway, China's biggest overseas engineering contract to date, South China Morning Post reported, citing state media.

A 1,402km railway will be built along the coast of Nigeria from the financial capital Lagos to Calabar. The railway will be capable of running trains at up to 120km/h and will create up to 200,000 jobs in Nigeria during construction, as well as a further 20,000 to 30,000 jobs after the railway begins service, according to a Xinhua report. "

[JanaFee]

könnten gute Nachrichten für die Aktie A0NEWB sein, oder ?

[Popeye82]

Antwort auf Beitrag Nr.: 48.387.368 von JanaFee am 22.11.14 10:26:24

prinzipiell sicher ja
fundamental kann ich es nicht in die Unternehmensgeschichte einordnen
muss man sicher etwas in Relation, auch, zu Bewertung stellen
was er mir -bei Comdirect(ich habe keine Ahnung wie groß der Free Float ist)- anzeigt wäre das aber in Relation zur Bewertung immernoch sehr groß, bis vieleicht massiv
ich kenne sie nur aus einigen Meldungen, in Verbindung mit Minenunternehmen

Gruß
P.

[Popeye82]

Peak coal use must arrive by 2020, NDRC-run think tank says - CER/NDRC/ERI/R - Nov 19, 2014
www.reuters.com/article/2014/11/18/us-china-coal-climatechan…
www.chinaeconomicreview.com/node/66584

"China needs to hit peak coal use by 2020 to end emissions growth by around 2030 as promised last week, Reuters reported, citing a think tank run by the country's influential National Development and Reform Commission.

Su Ming, a researcher with the Energy Research Institute (ERI), said that while peak coal use needed to come by 2020, industrialized eastern regions needed to start cutting consumption earlier if targets were to be met. Beijing alone would need to cut coal use by 99% to below 200,000 tons by 2030, ERI said. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.348.472 von Popeye82 am 18.11.14 12:31:11

Internet filtering expands, to partially block EdgeCast-hosted sites - CER/SCMP/GF - Nov 19, 2014
www.chinaeconomicreview.com/node/66582

"Websites including those of The Atlantic and Sony Mobile are now blocked on the mainland due to partial filtering of the EdgeCast content delivery network by authorities, South China Morning Post reported, citing Internet freedom watchdog GreatFire.

The blocking, which marks a significant escalation in Chinese censors' filtering efforts, came as activist groups including GreatFire have begun using cloud services like EdgeCast's to create mirrors of sensitive information that has been blocked on the mainland. Such cloud services, including those of Amazon, cannot be blocked en masse without risking economic consequences thanks to their supporting role in online infrastructure. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.394.094 von Popeye82 am 24.11.14 01:22:14

Iron ore prices continue descent, on property downturn - CER/BB - Nov 19, 2014
www.bloomberg.com/news/2014-11-18/iron-ore-bear-market-deepe…
www.chinaeconomicreview.com/node/66581

"Iron ore prices have continued to decline, reaching their lowest level in more than five years, Bloomberg reported.

Ore with 62% content delivered to Qingdao dropped to US$71.80 per dry ton, the weakest price since 2009 and 47% lower than last year. Construction is a main driver of iron ore prices, and China's property market plays an important role. With declining home prices and weaker than expected growth in China, many specialists predict ore prices will continue to decline next year. Amid this drop in prices, numerous ore producers saw their stock value fall as well. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.394.094 von Popeye82 am 24.11.14 01:22:14

Iron ore prices continue descent, on property downturn - CER/BB - Nov 19, 2014
www.bloomberg.com/news/2014-11-18/iron-ore-bear-market-deepe…
www.chinaeconomicreview.com/node/66581

"Iron ore prices have continued to decline, reaching their lowest level in more than five years, Bloomberg reported.

Ore with 62% content delivered to Qingdao dropped to US$71.80 per dry ton, the weakest price since 2009 and 47% lower than last year. Construction is a main driver of iron ore prices, and China's property market plays an important role. With declining home prices and weaker than expected growth in China, many specialists predict ore prices will continue to decline next year. Amid this drop in prices, numerous ore producers saw their stock value fall as well. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.394.112 von Popeye82 am 24.11.14 01:33:52

Foreign luxury automakers continue expansion, despite slow growth - CER/R/IHSA - Nov 19, 2014
www.reuters.com/article/2014/11/18/us-china-autos-luxury-idU…
www.chinaeconomicreview.com/node/66580

"Premium car sales growth is expected to slow from its average 30% annual growth rate of the past decade to only 5% growth by 2018, Reuters reported, citing IHS Automotive.

But despite an overall economic slowdown and changing consumer preferences following President Xi Jinping's anti-extravagance campaign begun two years ago, foreign producers of luxury cars continue to expand their presence in China. Daimler AG (DDAIF.OTCMKTS) recently unveiled its Mercedes-Benz G-Code in Beijing, and is debuting its Mercedes-Maybach limousine this week in Guangzhou, while the British company Jaguar opened its first overseas plant last year in Changshu. "

[Popeye82]

Leadership considering another interest rate cut, sources say - CER/R - Nov 24, 2014
www.reuters.com/article/2014/11/23/us-china-economy-policy-e…
www.chinaeconomicreview.com/node/66602

"China's leaders and central bank are ready to loosen lending restrictions and cut interest rates a second time following Friday's surprise cut in rates, Reuters reported, citing unnamed sources.

Friday's cut, the first more than two years, lowered one-year benchmark lending rates by 40 basis points to 5.6%. A senior economist at a government think-tank involved in internal policy discussions who declined to be named said that the People's Bank of China had shifted its focus toward broad-based stimulus and was open to more rate cuts as well as a cut to the banking industry's reserve requirement ratio, which effectively restricts the amount of capital available to fund loans. "

[Popeye82]

Shadow banking shrinks as regulations, default fears grow - CER/R - Nov 24, 2014
www.reuters.com/article/2014/11/23/us-china-economy-shadowba…
www.chinaeconomicreview.com/node/66600

"Government efforts to tamp down on China's less-regulated shadow banking sector appear to be working, but that may not bode well for smaller companies seeking funding, Reuters reported.

In the three months ended September 30, the shadow banking portion of what China calls total social financing - a broad measure of liquidity in the economy - contracted for the first time on a quarterly basis since the 2008/09 financial crisis. However, curbing risky forms of lending might undercut Beijing's stated goal of expanding lending to small and medium-sized enterprises, since major banks often avoid lending to smaller companies in favor of state-owned enterprises on fears that the former will default. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.422.019 von Popeye82 am 26.11.14 16:52:24

Central bank may plan to start deposit insurance, in January - CER/Sina.com/R, BEIJIJNG - Nov 27, 2014
www.bloomberg.com/news/2014-11-27/china-may-start-deposit-in…
www.chinaeconomicreview.com/node/66622

"China’s central bank is studying starting a deposit insurance system in January, Internet portal Sina.com reported, without citing a source for the information.


Regional heads at a meeting in Beijing today were told to prepare for the start of the program, Sina.com said. The People’s Bank of China didn’t immediately respond to requests for comment after working hours.

An insurance plan would be part of China’s efforts to liberalize interest rates and prepare the financial system to handle bank failures. The nation’s savers have piled up 112 trillion yuan ($18 trillion) of deposits, with the dominance of state-owned lenders leaving them believing in an implicit government guarantee.

Today’s report gave no details of how much money could be protected for individual savers.


To contact Bloomberg News staff for this story: Xin Zhou in Beijing at [e-mail]

To contact the editors responsible for this story: Malcolm Scott at [e-mail] Paul Panckhurst, Matthew Oakley "

[Popeye82]

Antwort auf Beitrag Nr.: 48.448.698 von Popeye82 am 29.11.14 00:11:54

Hong Kong’s yuan usage surges, in 2014 - CER/HKMA/BB, HONG KONG - Nov 28, 2014
www.bloomberg.com/news/2014-11-27/yuan-trade-surge-shows-hon…
www.chinaeconomicreview.com/node/66623

"Hong Kong’s usage of the yuan in trades is up 73% from a year earlier in the first 10 months this year, totaling RMB5 trillion (US$815 billion), Bloomberg reported.

This continues Hong Kong’s status as the world’s largest offshore yuan hub. China is promoting the use of the yuan as an international currency, and it was the seventh most used in global payments in the month of October. The daily average turnover of Hong Kong’s real-time yuan payments system has doubled to RMB800 billion in October, from RMB400 billion a day in 2013, according to Hong Kong Monetary Authority Chief Executive Norman Chan."

[Popeye82]

Antwort auf Beitrag Nr.: 48.448.728 von Popeye82 am 29.11.14 00:29:56

State lotteries under inspection, on fears of funds misuse - CER/EID/SCMP - Nov 28, 2014
www.chinaeconomicreview.com/node/66624

"The National Audit Office launched a surprise audit of state lottery funds yesterday, South China Morning Post reported, citing the state newspaper Economic Information Daily.

The audit comes amid fears that cash may have been misused, and encompasses 18 provinces, though it wasn’t announced which provinces will be included. Sales of lottery tickets generated more than RMB312 billion in the first 10 months of 2014, an increase of 24% compared with the same period last year, according to the Ministry of Finance. An investigation last year in Shandong province found that RMB61 million of funds had been misused to pay salaries and allowances to staff and former employees. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.448.788 von Popeye82 am 29.11.14 01:15:43

State researchers say China wasted $6,800,000,000,000(trillion) in investment, since 2009 - CER/FT/NDRC/AoMR - Nov 28, 2014
www.chinaeconomicreview.com/node/66625
www.ft.com/intl/cms/s/002a1978-7629-11e4-9761-00144feabdc0,A…

"China has wasted US$6.8 trillion in investment since 2009, The Financial Times reported, citing government researchers. In 2009 and 2013 alone, "ineffective investment" came to nearly half the total invested in the Chinese economy in those years, according to research by Xu Ce of the National Development and Reform Commission and Wang Yuan of the Academy of Macroeconomic Research.

The bulk of wasted investment went directly into industries such as steel and automobile production that received the most support after the 2008 financial crisis, according to the report. The researchers said ultra-loose monetary policy, little or no oversight over government investment plans and distorted incentive structures for officials were largely to blame for the waste. "

[Popeye82]

China's emissions outlook obscured, by coal conversion plants - CER/FT - Dec 1, 2014
www.chinaeconomicreview.com/node/66630
www.ft.com/cms/s/b47d259e-7612-11e4-a777-00144feabdc0,Author…

"The number of plants that transform coal into chemicals, gas or automotive fuel in China's less-populated regions is ballooning, obscuring the carbon emissions outlook for China in the wake of President Xi Jinping's recent joint declaration with US President Barack Obama, The Financial Times reported.

Emissions from the industry are proving difficult to measure and could undermine the country's greenhouse gas projections. Nooooobody knows how many may ultimately be built, nor how much emissions they will produce; by some estimates, emissions from the coal-to-chemicals plants in the pipeline could add up to between 4% and 11% of China's current emissions. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.468.275 von Popeye82 am 02.12.14 04:59:47

Central bank unveils deposit insurance scheme, for mainland - CER/SCMP/PBoC/SC, LAO - Dec 1, 2014
www.scmp.com/business/banking-finance/article/1652574/pboc-u…
www.chinaeconomicreview.com/node/66633

"The People's Bank of China has unveiled a deposit protection scheme for mainland bank depositors with an RMB500,000 maximum payout, South China Morning Post reported, citing a consultation document posted on the website of the State Council's Legislative Affairs Office.

The proposed coverage ceiling would protect the deposits of 99.63% of mainland depositors, according to the PBoC, which said the mainland had RMB49.9 trillion of personal deposits and RMB53.7 trillion of corporate time and demand deposits in October. The establishment of a deposit insurance scheme is seen as a precursor to further financial reforms, including scrapping remaining controls on interest rates. "

[Popeye82]

Mainland tobacco monopoly chief decries proposed smoking restrictions - CER/R/STMA/ST - Dec 2, 2014
www.chinaeconomicreview.com/node/66635

"Director of the State Tobacco Monopoly Administration Ling Chengxing took aim at proposed curbs on smoking in public indoor areas, saying controls on tobacco should not take an "absolutist" or "expansionist" direction, Reuters reported, citing an interview with the party paper Study Times.

With more than 300 million smokers, China is the world's largest producer and consumer of tobacco. Last year taxes on the industry contributed an estimated 7-10% of government revenues. "We must note that smoking has hundreds of years of history and objectively a market demand for cigarettes still exists," Ling said in reference to a habit which the World Health Organization says accounts for as many as a million deaths a year. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.484.187 von Popeye82 am 04.12.14 04:52:03

China tax office plans to monitor foreign firms' profits - CER/BB/SAoT - Dec 2, 2014
www.bloomberg.com/news/2014-12-01/china-to-monitor-foreign-c…
www.chinaeconomicreview.com/node/66636

"Chinese authorities plan to put a system in place to monitor the profits of foreign companies to end alleged tax evasion, Bloomberg reported, citing a statement posted on the State Administration of Taxation's website.

Microsoft was required to pay more than US$150 million in China last month, a person familiar with the matter said; meanwhile, Xinhua announced on November 23 that an unnamed foreign company had paid RMB840 million (US$137 million) in back taxes and interest as well as more than RMB100 million in annual disbursements. Authorities will also tighten management of tax practices by Chinese companies abroad, according to the administration's statement. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.484.196 von Popeye82 am 04.12.14 05:04:24

Yuan-won market launches in Seoul - CER/SCMP, SEOUL - Dec 2, 2014
www.chinaeconomicreview.com/node/66637

"Direct trading between the Chinese and South Korean currencies commenced with a flurry of activity yesterday, South China Morning Post reported.

The two countries both stand to gain from the new market, as China seeks to boost the international use of the yuan, and Korea wants to become a global hub for yuan-related business. The yuan began trading at KRW180.30 and finished at KRW180.77, central bank data showed. Until now, the exchange rate had been quoted as a calculated cross-rate from each currency's value against the dollar. Following Russia and Japan, Korea is just the third country to host direct trading of the yuan against its own currency. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.484.226 von Popeye82 am 04.12.14 06:13:33

Further Slowdown, in China’s Manufacturing Activity - CER/WSJ/PMI/M/HSBC/MG - Dec 2, 2014
www.chinaeconomicreview.com/node/66639

"Newly released measures of factory activity for November show the Chinese economy is continuing to lose momentum, The Wall Street Journal reported. The Purchasing Managers’ Index slipped to its lowest showing since March, while a private gauge compiled by HSBC and research firm Markit touched a six-month low.

Macquarie Group economist Larry Hu commented that "investment in property and manufacturing remains weak ... the government is the only one spending." In the stock market China shares rose on this news as investors bet that the numbers would prompt China’s central bank to further lower interest rates. On November 21, the People’s Bank of China cut the one-year lending rate by 0.4 percentage point to 5.6%. "

[Popeye82]

New Free Trade Zones planned for Guangdong, Fujian, Tianjin - CER/FT - Dec 15, 2014
www.chinaeconomicreview.com/node/66694

"China's State Council has announced plans to create three new free trade zones modeled on the current one in Shanghai as Beijing moves to boost growth in its slowing economy, The Financial Times reported.

The new zones will be established in the southern and eastern provinces of Guangdong and Fujian, as well as in the northern port city of Tianjin. Despite being heralded as a laboratory for free market reforms, Shanghai’s free trade zone has mostly disappointed foreign investors, as it provides almost no advantages for foreign or domestic companies operating there--though some reforms introduced in the zone have since been adopted nationwide. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.591.248 von Popeye82 am 17.12.14 08:35:39

Canada pledges to return corrupt Chinese officials' overseas assets - CER/R - Dec 16, 2014
www.chinaeconomicreview.com/node/66702

"Canada has agreed with Chinese authorities to return assets seized from corrupt officials suspected of economic crimes who have fled overseas, Reuters reported, citing state media.

Following deals struck with Australia and France, Canada has now become the third country to agree to help Beijing with such offenses. Despite recent agreements on such monetary matters, Western countries have balked at signing extradition deals with China out of concern for the integrity of its judicial system and the treatment of prisoners, which right groups say involves torture and extensive use of the death penalty. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.591.383 von Popeye82 am 17.12.14 08:47:29

Report claims China lost $1,250,000,000,000 to illicit outflows from 2003-2012 - CER/SCMP/GFI - Dec 16, 2014
www.scmp.com/business/article/1663131/us125-trillion-moved-o…
www.chinaeconomicreview.com/node/66701

"Mainland China lost US$1.25 trillion to illegal outflows during the period from 2003 to 2012, South China Morning Post reported, citing a new report from the nonprofit research group Global Financial Integrity.

The mainland's outflow for 2012 alone was US$249.5 billion, up 53% from 2011. Most illicit outflows were due to trade mis-invoicing, described by the report as "an acute problem for administrations in developing countries," whereby traders under-invoice exports and over-invoice imports as a way to move money offshore. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.591.479 von Popeye82 am 17.12.14 09:00:06

Local nuclear outfits compete with foreign firms, in new power struggle - CER/WSJ - Dec 16, 2014
www.chinaeconomicreview.com/node/66704

"Foreign nuclear outfits are struggling to stay in China as the country increasingly turns to local companies to manufacture parts for major projects, The Wall Street Journal reported.

With the global nuclear industry focused on China three years after the Fukushima disaster in Japan, the government has used the heft of its huge market to secure transfers of key technology and gradually localize production. Already, Westinghouse Electric is has provided details of its AP1000 reactor as part of a tech-sharing deal. China plans to use that to build its own reactors that experts say it could sell abroad. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.591.674 von Popeye82 am 17.12.14 09:13:34

China holdings of US Treasuries hit 20-month low - ECR/BB - Dec 16, 2014
www.bloomberg.com/news/2014-12-15/china-s-treasury-holdings-…
www.chinaeconomicreview.com/node/66705

"China’s holdings of US Treasuries hit a 20-month low in October as momentum for buying US securities waned alongside the yuan's appreciation, Bloomberg reported.

As of October, China held US$1.25 trillion in US debt, remaining the biggest foreign creditor to the US despite a US$13.6 billion drop from September. Japan followed closely behind, holding US$1.22 trillion of debt. China remained as the world’s largest holder of foreign-exchange reserves at the end of the third quarter according to official figures, with total holdings at US$3.89 trillion, down from US$3.99 trillion at the end of June. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.591.791 von Popeye82 am 17.12.14 09:25:36

China-bound supertankers may signal oil stockpiling - CER/BB/IHSM/SAB - Dec 15, 2014
www.bloomberg.com/news/2014-12-12/record-oil-tankers-seen-sa…
www.chinaeconomicreview.com/node/66693

"83 supertankers were bound for Chinese ports Saturday carrying an estimated 166 million barrels of oil, Bloomberg reported, citing IHS Maritime data.

As the price of crude oil continues to fall, and with IEA estimates released Saturday cutting global demand estimates for 2015, China’s demand has been rising. Erik Folkeson, a shipping analyst at Stockholm-based Swedbank AB, said that “the steep reduction in crude prices and continued output of crude has, in my view, triggered stock building.” China’s strategic petroleum reserve needs approximately another 50 million barrels of crude in 2015, according to Amrita Sen, chief oil market analyst at Energy Aspects Ltd, a London-based consultant. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.591.920 von Popeye82 am 17.12.14 09:40:57

Lima climate agreement dogged by disagreements, despite China-US agreement - CER/FT, LIMA - Dec 15, 2014
www.chinaeconomicreview.com/node/66697

"A rift between rich and poor countries pushed climate change talks in Lima two days past their planned deadline for signing an accord despite momentum from the recent joint China-US emissions announcement, and has raised questions about the future of global carbon dioxide emissions cuts, The Financial Times reported.

The talks have at least agreed on a work plan for countries to follow as they negotiate a global climate deal to be finalized next December in Paris, with countries expected to publish their emissions plans in the first quarter of next year if possible. The UN will publish those online and produce a report in November to estimate their likely impact on global emissions. "

[Popeye82]

Beijing planning shift to homegrown tech, sources say - CER/BB - Dec 18, 2014
www.bloomberg.com/news/2014-12-17/china-said-to-plan-sweepin…
www.chinaeconomicreview.com/node/66714

"Beijing may be planning a purge of foreign technology from its banks, state-owned enterprises, military and key government agencies by the end of the decade, Bloomberg reported, citing unnamed sources.

The push comes after a test of domestic alternatives in the northeastern city of Siping that was deemed a success, according to people familiar with the effort. Workers there replaced Microsoft's (MSFT.NASDAQ) Windows with a homegrown operating system called NeoKylin and swapped foreign servers for ones made by China's Inspur Group, they said. China has been moving to bolster its tech sector after revelations of widespread spying by the US national Security Agency. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.611.003 von Popeye82 am 19.12.14 02:03:02

Agriculture ministry OKs modified corn strain for import from US - CER/WSJ - Dec 18, 2014
www.chinaeconomicreview.com/node/66715

"China's Ministry of Agriculture has approved the import of a genetically modified strain of corn from the US that has kept American shipments of the crop from entering the mainland since late last year, The Wall Street Journal reported, citing US Agriculture Secretary Tom Vilsack.

The corn strain in question was developed by Swiss agribusiness firm Syngenta AG (SYT.NYSE, SYNN.VTX), which had been selling the corn to US farmers since 2011, though it was still awaiting approval of the product from Beijing. The approval is a turning point in the year-long imbroglio, though it isn't expected to result in an immediate return to earlier US export levels to China. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.611.006 von Popeye82 am 19.12.14 02:15:58

Beijing criticizes US tariffs, on China-made solar panels - CER/NYT/CCM - Dec 18, 2014
www.nytimes.com/2014/12/18/business/energy-environment/china…
www.chinaeconomicreview.com/node/66713

"China's Commerce Ministry on Wednesday criticized the United States' decision to impose broader anti-dumping and anti-subsidy tariffs on solar panels from China, The New York Times reported.

The penalties are the latest round in a series of trade battles over the past four years involving China’s dominance in solar panel manufacturing. WTO rules prohibit subsidized exports and dumping, which is exporting goods for less than the cost to make and ship them, and allow countries to retaliate in the way the U.S has announced. China denies it has subsidized solar panel exports, despiiiiite evidence for such subsidies found in public filings and interviews. "

[Popeye82]

China steel production data may mask greater overcapacity - CER/R/MEPS/NBoS - Dec 22, 2014
www.chinaeconomicreview.com/node/66729
www.scmp.com/business/commodities/article/1667650/china-stee…

"China may have been underestimating steel production in recent years, with last year's crude steel output at 822 million tons--over 40 million tons more than official figures, Reuters reported, citing its own calculations and estimates from consultancy MEPS.

While the National Bureau of Statistics has not officially revised 2013 output data, growth rates for January-November this year imply 2013 production was 803 million tons, 24 million tons more than originally reported, according to Reuters calculations. MEPS, which has been tracking the mainland steel industry since the late 90s, said it had seen indications of underreporting by at least 30-40 million tons annually since 2012. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.628.643 von Popeye82 am 22.12.14 08:46:43

Xi calls on Macau, to end dependence on gambling industry - CER/BB - Dec 22, 2014
www.bloomberg.com/news/2014-12-20/xi-urges-macau-to-diversif…
www.chinaeconomicreview.com/node/66727

"President Xi Jinping urged Macau to move away from its reliance on the gambling industry, which has suffered from Xi's ongoing anti-corruption campaign, Bloomberg reported.

Xi, in town for the re-inauguration of the territory's Chief Executive Fernando Chui and to mark the 15th anniversary of the territory's return from Portuguese rule, exhorted the world's largest casino hub to "push for a healthy economic and social development." Xi also said China's central government would demarcate the maritime zones of Macau, which CLSA analyst Aaron Fischer said could give the territory's government more control over land reclamation and more space to use for tourist attractions. "

[Popeye82]

Antwort auf Beitrag Nr.: 48.628.808 von Popeye82 am 22.12.14 09:01:18

Foreign minister says China willing to help Russia, if necessary - CER/SCMP/PT - Dec 22, 2014
www.scmp.com/news/china/article/1667633/beijing-ready-help-r…
www.chinaeconomicreview.com/node/66726

"China is willing to help Russia if necessitated by the latter's currency issues, South China Morning Post reported, citing a statement from Foreign Minister Wang Yi to mainland-linked Phoenix Television over the weekend.

The station did not quote Wang as mentioning any specific measures regarding the rouble, which has fallen about 45% against the dollar this year. Minister of Commerce Gao Hucheng, also present as part of a visit by Premier Li Keqiang, said China and Russia had the capacity to achieve this year's trade target of US$100 billion, and that cooperation on energy and manufacturing projects would not be greatly affected by the situation in Russia. "

[Popeye82]

State assets regulator hires global, local auditors, to vet investments abroad
www.chinaeconomicreview.com/node/67176

"The State-owned Assets Supervision and Administration Commission has enlisted seven auditors including international services firm PwC to investigate the offshore assets of certain state-owned enterprises this year, South China Morning Post reported, citing state media.

The audits come less than a decade after Beijing pushed state firms to invest abroad, a move that has since prompted concerns over where much of that money ends up. In March, Xinhua quoted a former deputy auditor general of the National Audit Office as saying the RMB4 trillion (US$644.4 billion) in offshore assets owned by SOEs were virtually unaudited. "

[Popeye82]

China's banking rate up, as nearly 3 in 4 rural residents now have accounts
www.chinaeconomicreview.com/node/67175

"74% of adult rural residents in China had their own bank account as of the end of 2014, marking a substantial gain from 54% in 2011 and helping bring the nationwide rate up to 79%, The Wall Street Journal reported, citing new data from the World Bank.

China's banks have traditionally balked at the cost of building branches in poorer areas of the country, though 47% of the country's population still lives in the countryside. But in recent years Beijing has ramped up transfer payments to rural residents for agricultural subsidies, old-age support and other benefits that necessitate a bank account to pay into electronically. "

[Popeye82]

Corporate structure of some major firms in China @risk, under proposed law
www.chinaeconomicreview.com/node/67191

"The corporate structure used by major foreign firms in China and multiple Chinese Internet companies listed in the US could become illegal under a proposed law, The Wall Street Journal reported, citing attorneys specializing in Chinese law.


The firms, including the Chinese operations of Amazon.com (AMZN.NASDAQ), Pearson (PSO.NYSE) and CBS (CBS.NYSE) as well as Sina (SINA.NASDAQ), Autohome (ATHM.NYSE) and Weibo (WB.NASDAQ), use a structure called a variable interest entity, or VIE, to do business in sectors of the economy where the government restricts foreign investment. Most Chinese companies listed abroad use this structure, including Alibaba (BABA.NYSE) and Baidu (BIDU.NASDAQ), but don't seem to be at risk because they are ultimately controlled by Chinese nationals. "

[Popeye82]

Pakistan, China to agree on $28,000,000,000 in projects, during visit by Xi
www.chinaeconomicreview.com/node/67190

"China and Pakistan will sign infrastructure and energy project agreements worth US$28 billion during President Xi Jinping's visit to Islamabad this week, Bloomberg reported, citing Planning Minister Ahsan Iqbal.

The contracts will be part of the US$45 billion China-Pakistan Economic Corridor running from China's Xinjiang province to the China-funded port of Gwadar on the Arbian Sea in Pakistan. Under the plan, Chinese firms will invest US$22.5 billion in coal-fired, wind, hydro and solar energy projects in Pakistan, and China will also provide concessional loans for infrastructure projects, Iqbal said. "

[Popeye82]

Coal tariff cut could force mining firms to slash prices, up to RMB60 per ton
www.chinaeconomicreview.com/node/67189

"Chinese authorities' decision to cut power tariffs by RMB0.02 ($0.003) per kilowatt hour to reflect falling coal prices this month could force miners to cut their prices by as much as RMB60 (US$9.68) per ton, South China Morning Post reported, citing a statement from Jiang Zhimin, vice president of the China National Coal Association.

"There will be no change to the short-term business environment for coal, and it could even continue to decline in 2015," Jiang said told an industry meeting in comments published on the association's website. "

[Popeye82]

PBoC cuts banks' reserve requirement ratio, by most since 2008
www.chinaeconomicreview.com/node/67188

"The People's Bank of China cut domestic banks' reserve requirement ratio by 1% on Sunday, allowing the banks to lend more of their funds to businesses at a scale unseen since the depths of the global financial crisis in November of 2008, The Financial Times reported.

Beijing has already cut benchmark interest rates twice and lowered the reserve requirement ratio once since November of last year. “With the fall-off in capital inflows the central bank needs to cut reserve requirements fairly substantially just to keep monetary policy neutral,” said Andrew Batson of research oufit Gavekal Dragonomics. "

[Popeye82]

Shanghai, Hong Kong markets fall, following regulatory announcements
www.chinaeconomicreview.com/node/67194

"The Shanghai Composite Index dropped 1.6% to close at 4,217.08 Monday while Hong Kong's Hang Seng Index fell 2% and the CSI 300 index slid 1.6%, Bloomberg reported.

China's securities regulator announced measures on Friday to clamp down on the use of shadow financing for equity purchases and increase shares available for short sellers. The Shanghai Composite Index's trading volumes were 74% above the 30-day average Monday, with combined turnover for it and the Shenzhen exchange climbing to a record RMB1.8 trillion (US$290 billion). The Shanghai gauge trades at 21 times reported earnings, the highest since April 2010 and more than double last year's low. "

[Popeye82]

New security rules unveiled, for foreign investors in China's FTZs
www.chinaeconomicreview.com/node/67195

"The State Council has unveiled pilot vetting rules for foreign investors seeking a stake in sensitive sectors of China's four free-trade zones that will come into effect early next month, South China Morning Post reported.

Under the pilot rules, investments by foreign companies will be strictly reviewed if they involve a controlling stake of any business deemed vital to national defense, the economy, social order, culture, the Internet and other sensitive technological research areas. Only those with written commitments that can ease the security concerns of authorities will be allowed to invest in these areas. "

[Popeye82]

Antwort auf Beitrag Nr.: 49.618.130 von Popeye82 am 22.04.15 12:48:15

Regulator cautions against margin trading, then cautions against caution
www.chinaeconomicreview.com/node/67187

"The China Securities Regulatory Commission warned small investors late Friday not to finance stock purchases with borrowed money or property and banned financing through umbrella trusts that provide cash for margin trading in addition to limiting margin trading on risky, off-exchange small stocks, The Wall Street Journal reported.

Both the Shanghai and Shenzhen exchanges also issued rules to make it easier for investors to bet against, or short, stocks saying they would push to make more shares available for lending, a necessary step in shorting. Then, in a statement published Saturday evening, the commission said these measures weren't meant to deter stock investment, and that "the market shouldn't over-interpret the measures." "

[Popeye82]

Corporate structure of some major firms in China @risk, under proposed law
www.chinaeconomicreview.com/node/67191

"The corporate structure used by major foreign firms in China and multiple Chinese Internet companies listed in the US could become illegal under a proposed law, The Wall Street Journal reported, citing attorneys specializing in Chinese law.

The firms, including the Chinese operations of Amazon.com (AMZN.NASDAQ), Pearson (PSO.NYSE) and CBS (CBS.NYSE) as well as Sina (SINA.NASDAQ), Autohome (ATHM.NYSE) and Weibo (WB.NASDAQ), use a structure called a variable interest entity, or VIE, to do business in sectors of the economy where the government restricts foreign investment. Most Chinese companies listed abroad use this structure, including Alibaba (BABA.NYSE) and Baidu (BIDU.NASDAQ), but don't seem to be at risk because they are ultimately controlled by Chinese nationals. "

[Popeye82]

houuuston, wir haben ein Poblem

Police in Shanghai seize 3,000,000 toxic counterfeit condoms
www.chinaeconomicreview.com/node/67204

"Shanghai police have detained nine suspects and seized three million knockoff condoms said to contain toxic heavy metals dangerous to human health, South China Morning Post reported, citing state media.

Police said the group in question had nine production and storage sites across China and was selling the condoms, labelled with well-known brands such as Durex, mainly at small hotels. “At a workshop in Henan province, we found a small production line which produced bad-quality condoms. The lubricating oil made us vomit,” said Zhang Wenliang of Shanghai’s Yangpu district Public Security Bureau. "

[Popeye82]

IMF close to declaring RMB fairly valued - CER/WSJ(IMF - May 4, 2015
www.chinaeconomicreview.com/node/67245

"The International Monetary Fund is nearing an official reevaluation of China's yuan as fairly valued after a decade in which it has been allowed to appreciate by more than 30% against a basket of currencies, The Wall Street Journal reported.

The country's trade surplus has declined to 2.5% of GDP, and currency interventions are now comparatively rare, outside experts and IMF economists said. “By both measures, it has become untenable to regard the renminbi as significantly, or even moderately, undervalued,” said Eswar Prasad, a Cornell University economist and former China official at the IMF. "

[Popeye82]

Regulator shutters site of 21st Century Business Herald - CER/WSJ/21thCBH/SMG/X - May 4, 2015
www.chinaeconomicreview.com/node/67241

"The mainland's media regulator ordered the website of the 21st Century Business Herald, one of the country's best-respected business papers, to shut down Thursday in addition to revoking the publishing permit for the magazine Moneyweek--both publications affiliated with the Southern Media Group, The Wall Street Journal reported, citing state media.

Xinhua had previously claimed that the website had extorted tens of millions of dollars from Chinese companies, publishing negative reports about the firms, which would then sign advertising contracts with the site, which would then delete the reports. "

[Popeye82]

Antwort auf Beitrag Nr.: 49.705.953 von Popeye82 am 04.05.15 19:40:57

IMF declares RMB no longer undervalued, Says China should have 'floating exchange rate' in 3 yrs, Policy easing needed, if '15 GDP growth <6,5 pct, IMF expects China growth of 6,8 pct, this year
www.reuters.com/article/2015/05/26/imf-china-growth-idUSL3N0…
www.chinaeconomicreview.com/node/67347

"The International Monetary Fund (IMF) has declared that China's currency, the yuan, is no longer undervalued in light of gains against many currencies aside from the dollar in recent months, Reuters reported, citing a statement from the fund.

"Our assessment now is that the substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer undervalued," the IMF said. It also called on China to achieve a floating exchange rate for the yuan within 2-3 years, and encouraged quicker reform of state-owned enterprises. "

[Popeye82]

Overseas individual investment scheme planned, for six major cities
www.scmp.com/business/china-business/article/1809906/china-l…
www.chinaeconomicreview.com/node/67345

"A qualified domestic individual investor program to allow mainland citizens with at least RMB1 million (US$161,200) to invest directly overseas is being planned for launch in the cities of Shanghai, Shenzhen, Chongqing, Tianjin, Wuhan and Wenzhou, Reuters reported, citing local media.

A report from the Securities Times gave no time frame for said launch beyond "soon," though Shanghai's government said in March that it hoped to start the program -actually an extension of one that already allows institutional investors access to markets abroad - in its free-trade zone this year. "

[Popeye82]

Shanghai exchange announces four new indices, to launch Jun 24
www.chinaeconomicreview.com/node/67376

"The China Securities Index Co. and the Shanghai Stock Exchange announced four new indices to be launched on June 24 on the Shanghai exchange, including one based on the Silk Road-themed transport infrastructure initiatives known as One Belt One Road, according to a notice posted to the company's website on Tuesday.

In addition to the One Belt & One Road Index (000160.SHA) - which will cover the infrastructure, transport, equipment manufacturing, electronic equipment and resource development industries - the new indices will include the security industry-focused CSI Security and Protection Index (930649.SHA), the sports industry-focused CSI SWS Sport Thematic Index (930660.SHA) and the online financing-focused CSI SWS Internet Finance Index (930661.SHA). "

[Popeye82]

Bank of China to participate in auctions, setting global gold prices
www.chinaeconomicreview.com/node/67440

"State-owned Bank of China will become the first mainland bank to participate in the twice-a-day auctions that set benchmark international gold prices in London, The Wall Street Journal reported, citing a statement from the London Bullion Market Association.

We've seen the Chinese government making moves in different markets and the gold market has just been the latest financial market in which the government is trying to open up and be more transparent, said commodities analyst Simona Gambarini with Capital Economics. It's going to be slow steps, but it�s in the right direction and it seems a consistent move across all markets. "

[Popeye82]

Beijing bars the door, to migrant children seeking local education
www.chinaeconomicreview.com/node/67439
www.ft.com/cms/s/ffafd8fa-0a9a-11e5-a8e8-00144feabdc0,Author…

"New regulations that effectively prevent non-local children from attending their first year of compulsory education at Beijing schools have led to ongoing protests by migrant parents working in the capital, where about 40% of primary schoolchildren lack the necessary permit, The Financial Times reported.

Recent policies seek to push migrants out of the most attractive, high-wage areas and into less flourishing cities where a glut of new housing resides. Anger is particularly strong in Beijing because many migrant parents paid into the city's social security system after tightened regulations were issued last year, only to have their contributions undone by additional requirements for attendance announced in April. "

[Popeye82]

Study finds China's rivers flooded with antibiotics from human, animal waste
www.chinaeconomicreview.com/growth-addiction
www.chinaeconomicreview.com/node/67450

"Overuse of antibiotics in humans and animals has led to high concentrations of the most common varieties in river basins throughout China as some 53,800 tons entered the environment through urine and excrement in 2013, South China Morning Post reported, citing a study by the Chinese Academy of Sciences.

Researchers found the highest levels in waterways around Beijing, Tianjin and Hebei province, where the population is dense and rainfall is scarce, while the lower reaches of the Pearl River had the highest concentrations in southern China. (For more on China's antibiotics addiction, see our recent in-depth report.)"

[Popeye82]

Beijing plans to store yet more grain, as demand still far short of supply
www.chinaeconomicreview.com/cereal-dysfunction
www.chinaeconomicreview.com/node/67447

"China's central government is planning to build another 50 million tons of granary capacity to house stockpiles of domestic crops bought up on state orders to guard against a perceived threat of shortfall and subsidize farmers' income, Caixin reported.

Despite falling international prices China has reported grain production growth for the past 11 years, and grain stockpiles could hit 300 million tons by the end of the year according to Ma Wenfeng, an analyst at Orient Agribusiness Consultant. (For more on China's obsession with grain self-sufficiency, see our in-depth report.)"

[Popeye82]

World Bank urges China to embrace basic financial reforms, to keep growth on track - SH/TCP/WB, BEIJING - Jul 1, 2015
www.stockhouse.com/news/newswire/2015/07/01/world-bank-urges…

"The World Bank has urged China to carry out fundamental reform of its state-dominated financial system to keep economic growth on track.


The bank said Wednesday that the communist government needs to address wasteful investment, over-indebtedness and weak regulation of its shadow banking system. It said failure to do that could ``deflect the economic trajectory'' of the country.

The recommendations echo those of private sector analysts who say Beijing needs to overhaul a government-run banking system that subsidizes state industry at the expense of savers and that provides little credit to entrepreneurs and emerging industries.

The World Bank said Beijing needs to separate its roles as owner of China's banks, regulator and strategic planner and to construct a system that channels more lending to productive industries and manages risks better. "

[Popeye82]

Regulators to cut stock trading transaction fees, by 30% starting, August 1
www.chinaeconomicreview.com/node/67496

"Transaction fees at the Shanghai and Shenzhen stock exchanges will be lowered by 30% to 0.0487 per 1,000 of the transaction amount effective August 1, South China Morning Post reported, citing state-run news service Xinhua.

The announcement comes after Shanghai shares closed down 5.22% Wednesday, resuming a downward trajectory one day after recording their biggest gains in more than six years. The benchmark Shanghai Composite Index was steady for much of the day, sometimes even in positive territory, but slumped in the last hour of trading. The Shenzhen Composite Index fell 4.79%. "

[Popeye82]

Shadow margin debt may nearly double leverage, of China's stock market
www.chinaeconomicreview.com/node/67495

"Margin debt at mainland brokerages totaling RMB2.2 trillion (US$354 billion) - racked up by traders borrowing to invest in China's stock market - may only cover just under half of the actual total when money borrowed from unsanctioned lenders such as trusts is included, Reuters reported, citing analysts and grey market lenders.

Total leverage could be up to US$635 billion, or roughly 20% of the free float of the mainland stock market. "No matter how much you want to borrow, we can give it to you," said one grey market lender based in Shenzhen. "

[Popeye82]

Antwort auf Beitrag Nr.: 50.102.127 von Popeye82 am 02.07.15 23:24:06

Amazon plans entry into China's online business loans industry
http://uk.reuters.com/article/2015/06/29/us-amazon-com-loans…
www.chinaeconomicreview.com/node/67491

"Amazon.com plans to launch a business loan program for small sales enterprises in eight new countries including China, Reuters reported, citing a statement from Peter Faricy, head of Amazon Marketplace.

In China, where Alibaba lends to small businesses, offering such loans is more of a business requirement, analysts said. Since 2011, Alibaba affiliate Ant Financial's Ant Micro Loan program has issued RMB400 billion (US$64.42 billion) worth of loans to Taobao and Tmall merchants as well as other small business owners who meet certain conditions. The non-performing loan ratio for these loans is 1.5%, an Ant Financial spokeswoman said. "

[Popeye82]

Party membership exceeds Germany's population, but only 24% female
www.chinaeconomicreview.com/node/67492

"Membership in the Communist Party of China grew by 1.1 million in 2014 to a total of almost 88 million, a figure slightly larger than the entire population of Germany, South China Morning Post reported, citing figures released by the party for the 94th anniversary of its establishment on Wednesday.

The figures suggested an emphasis on youth and education, with 1.7 million new members aged under 35. Of new members, 38.8% had university or graduate degrees, up 2.6% from 2013. But if the party's membership is equal the populace of Germany, its gender ratio remains far more skewed: Only 21.7 million women were on the party roll last year. "

[Popeye82]

Beijing plans 'Internet Plus' infrastructure program
www.bloomberg.com/news/articles/2015-07-04/china-unveils-int…
www.chinaeconomicreview.com/node/67510

"China will upgrade and expand its existing infrastructure, from optic fiber networks to satellite communications, to improve and boost data streaming ability, especially for remote and rural areas as part of a new "Internet Plus" plan to rejuvenate traditional industries and boost economic growth, Bloomberg reported.

The plan is supposed to help the manufacturing sector optimize and better serve clients through technologies such as cloud computing and artificial intelligence. The central bank will also build up a nationwide credit system to track and share credit information across different platforms, according to the statement. "

[Popeye82]

Commodities' price plunge bolsters China's Q1 GDP
www.chinaeconomicreview.com/node/67509

"China’s economy would have grown at under 6% in the first quarter of 2015 without a collapse in global commodity prices,The Financial Times reported.

“It is quite worrisome,” said Bo Zhuang, a China economist at the consultancy Trusted Sources. “That is why the government’s policies have been much more aggressive [in recent months].” Beijing, which will release its second-quarter GDP estimate next week, has cut interest rates four times since November as part of continued attempts to keep growth steady at about 7%. "

[Popeye82]

Antwort auf Beitrag Nr.: 50.089.992 von Popeye82 am 01.07.15 13:30:38

World Bank denies redacting report @Beijing's request
www.chinaeconomicreview.com/node/67508

"The World Bank denied that Beijing had pressured it to delete a chapter on China's financial system from a report on the country's economy economy after it removed a chapter detailing "reform priorities in China’s financial sector," The Financial Times reported.

In an interview Bert Hofman, the World Bank’s country director for China, said the bank had held discussions about the chapter in question in recent days. But he denied that the decision to withdraw it had been the result of any request or pressure from Chinese authorities. "

[Popeye82]

Transport ministry could end term limits, on toll roads' fee collecting
www.chinaeconomicreview.com/node/67583

"China's Ministry of Transport may remove limitations on how long roadways can collect tolls, South China Morning Post reported, citing a draft amendment to the country's Toll Road Management Regulation.

The rule currently limits collection to 15-30 years, but the change could allow tolls for more than 30 years on more expensive roadways and forbid them on those with speed limits of 60-80km/h. The ministry said in June that China's road network had 111,900 km of highways--an impressive figure nonetheless trumped by its 162,600 km of toll roads. The network ran at a loss of RMB157 billion (US$25.29 billion) last year, a massive increase from its loss in 2013 of RMB66.1 billion. "

[Popeye82]

China's H1 outbound investment grows 29,2%, as FDI up 8,3%
www.bloomberg.com/news/articles/2015-07-21/china-outbound-in…
www.chinaeconomicreview.com/node/67587

"China's outbound investment in the first half of 2015 rose 29.2% over the previous year to push total outward investment to RMB343.2 billion (US$55 billion), Bloomberg reported, citing new figures from the Ministry of Commerce.

That growth dwarfed an 8.3% gain in foreign direct investment, which at RMB420.5 billion still towered in absolute terms over outbound investment, for the time being. "The turning point will take place within this year--China will be a net provider of investment funds to the world," said Chen Bingcai, a researcher at the Chinese Academy of Governance. "

[Popeye82]

Business confidence gauge slips to six-year low, in Jun
www.chinaeconomicreview.com/node/67592

"Business confidence in China has fallen to its lowest point since January 2009 following last month's stock market rout, South China Morning Post reported, citing new figures from Deutsche Boerse-owned MNI Indicators.

The MNI China Business Sentiment gauge of current business conditions dropped to 48.8 points this month from 53.3 in June, the latest indicator suggesting the mainland economy is still feeling the pain from mainland markets' US$3.9 trillion unwinding. Firms also cut back their output expectations in the short term, with MNI's future expectations indicator for production slumping to its lowest level since 2009. "

[Popeye82]

Huawei doubles China smartphone revenue, in H1
www.reuters.com/article/2015/07/22/us-huawei-tech-smartphone…
www.chinaeconomicreview.com/node/67588

"After missing shipment targets for two years Huawei Technologies more than doubled smartphone revenue in the first half of the year to push global revenue for the period to US$9.09 billion, up 69% year on year, Reuters reported.

A focus shift to high-margin premium models pushed January-June worldwide shipments to 48.2 million phones, the company said, In contrast to Huawei, overall smartphone shipments in China shrank for the first time in six years in the first quarter, and one-time leader Xiaomi booked its first drop in sequential semi-annual sales, saying the domestic market is nearing saturation. "

[Popeye82]

US Fed tells China Construction Bank to better guard, against money laundering
www.reuters.com/article/2015/07/22/fed-banks-chinaconstructi…
www.chinaeconomicreview.com/node/67590

"The US Federal Reserve has instructed China Construction Bank (CCB) to submit compliance programs plans for anti-money laundering controls, customer diligence and methods for spotting suspicious transactions within 60 days, the first such enforcement action by the Fed against one of China's four biggest state-owned banks, Reuters reported.

Mildred Harper, chief compliance officer for CCB's New York branch, confirmed the enforcement action. The Fed did not impose a fine or other sanctions on the bank, and did not identify what problems it was facing. China's corruption watchdog said on Wednesday that inspection teams had recently started audits of four branches of CCB. "

[Popeye82]

Investment bank CICC applies for $1,000,000,000 Hong Kong IPO
www.chinaeconomicreview.com/investment-bank-cicc-applies-1bn…

"Mainland investment bank China International Capital Corp. has applied for a US$1 billion listing on Hong Kong's stock exchange, The Wall Street Journal reported, citing unnamed sources.

The firm has played a key role in advising the Chinese government in guiding the listing of state-owned enterprises' initial public offerings. News of the application comes a day after China Railway Signal & Communication Corp., which makes signal systems used by China’s extensive train network, began sounding out investors about an up to US$2 billion Hong Kong IPO that could prove a major test of investor sentiment following China’s recent stock market collapse and state-enforced rehabilitation."

[Popeye82]

Alibaba cloud computing service promises privacy, for global clients
www.chinaeconomicreview.com/node/67591

"Alibaba's (BABA.NYSE) cloud-computing platform Aliyun has announced a "Data Protection Plan" promising users ownership of their data and pledging not to alter or transfer that data in any way, The Wall Street Journal reported.

Aliyun is China’s largest provider of public cloud-computing services and has increasingly been working with government agencies to migrate their data onto its cloud. Aliyun’s pact did not mention any measures to guard against state-sponsored cyberspying, or how it would handle requests from governments or law-enforcement agencies to hand over user data. Aliyun President Simon Hu said the company would abide by local regulations wherever it operates. "

[Popeye82]

IMF calls for more financial reforms, as Beijing seeks reserve currency status
www.chinaeconomicreview.com/node/67598

"The International Monetary Fund has voiced demands for greater financial reforms in China as its government pushes for the institution to grant the yuan reserve-currency status, The Wall Street Journal reported.

IMF staff are now gathering data and speaking to government officials as they prepare an official recommendation for the executive board to consider; IMF spokesperson Gerry Rice said that an "important part of those discussions are financial market reforms in China." That position is in line with Washington's efforts to leverage Beijing's push for reserve-currency status to encourage a stronger revamp of China's financial sector. "

[Popeye82]

Wal-Mart buys remainder of online retailer Yihaodian, after co-founders' departure
www.chinaeconomicreview.com/node/67597

"Wal-Mart has purchased the remaining 49% of Chinese e-commerce venture Yihaodian, gaining full ownership of the online retailer after its co-founders announced their departure earlier this month, The Wall Street Journal reported.

Wal-Mart acquired the remaining Yihaodian shares from financial services group Ping An of China and the co-founders, former Chairman Yu Gang and former CEO Lui Junling. Wal-Mart is eager to link the online retail outfit with its more than 400 brick-and-mortar Chinese stores, where traffic has fallen over the past three years and was down 8.9% last quarter. "

[Popeye82]

Antwort auf Beitrag Nr.: 50.254.443 von Popeye82 am 24.07.15 01:24:05

Close to 90% of China's 668,000,000 Internet users get online via smartphone
www.chinaeconomicreview.com/node/67596

"China's Internet users rose to 668 million as of the end of June, pushing internet penetration for the country to 48.8% as the proportion of those using smartphones rose to 88.9%, South China Morning Post reported, citing a new report by the official China Internet Network Information Center.

The number of people using desktops and laptops to go online fell to 42.5% and 68.4%, respectively. Tablets fell to 33.7%, and are expected to drop further as large-screen smartphones proliferate. Mobile online services saw corresponding gains, as mobile payment users grew to 276 million and mobile e-commerce users hit 270 million. "

[Popeye82]

Postal Savings Bank of China ordered, to accelerate pre-IPO fundraising
www.chinaeconomicreview.com/node/67594

"China's State Council, banking regulator and finance ministry have instructed the Postal Savings Bank of China to speed up its fundraising from strategic investors ahead of what local media have reported to be a planned US$25 billion initial public offering, Reuters reported, citing the bank's Vice Governor Xu Xueming.

Xu did not specify the size, time or location of the IPO, but said the bank currently holds RMB6.5 trillion (US$1.05 trillion) worth of assets. UBS, Temasek Holdings and BNP Paribas are among the preliminary bidders looking to buy an up to 10% stake in PSBC for at least US$3 billion. "

[Popeye82]

Debt-swap quota for local governments doubled, to RMB1tn - CER/BB/cMoF - Jun 11, 2015
www.bloomberg.com/news/articles/2015-06-10/china-grants-addi…
www.chinaeconomicreview.com/node/67409

"Financial regulators have confirmed the doubling of an RMB1 trillion (US$161 billion) quota to local governments to swap high-interest debt for lower-cost bonds, Bloomberg reported, citing a statement from the Ministry of Finance.

Chinese banks are being told to buy the new, longer-maturity, lower-yield bonds to alleviate a funding crunch among provinces in order to avert further economic slowdown. The increase should help local governments cut further growth to their already mountainous debt, accrued though off-balance sheet financing vehicles during a record surge in borrowing in the years following the outbreak of the global financial crisis. "

[Popeye82]

China cotton imports expected to fall 45%, this year - CER/WSJ - Jun 11, 2015
www.wsj.com/articles/global-glut-crops-up-in-cotton-14338630…
www.chinaeconomicreview.com/node/67413

"Declining imports from China are combining with unexpectedly large cotton crops around the world to put further pressure on the US$2.7 billion cotton-futures market, The Wall Street Journal reported, citing analysts.

The world's biggest cotton consumer, China is buying less cotton as it attempts to pare down its strategic stockpiles built up after a worldwide shortage in 2011, and the International Cotton Advisory Committee forecasts China's cotton imports will fall 45% this year--the biggest year-over-year drop since 2007. Traders have begun shifting their focus toward India, which many estimates peg to surpass China next year in cotton production for the first time since 1963. "

[Popeye82]

24 Chinese firms facing $12,000,000,000 in debt payments, due by end of 2015 - CER/BB/FR - Jun 11, 2015
www.bloomberg.com/news/articles/2015-06-09/sift-of-china-fin…
www.chinaeconomicreview.com/node/67411

"A total of 24 Chinese companies have a total of US$12 billion in bond payments due by the year's end, Bloomberg reported. "We may see more onshore bond defaults in the second half, helping weed out the weakest companies," said Wang Ying, an analyst at Fitch Ratings.

But Wang added that firms with a strong, state-owned enterprise background like the Aluminum Corporation of China and power generation firm Datang were unlikely to default. Three additional firms may also have to buy back a total of US$975 million in notes by year's end if investors exercise sales options. "

[Popeye82]

London Metal Exchange set to accept yuan as collateral - CER/WSJ/LME, LONDON - Jul 28, 2015
www.chinaeconomicreview.com/node/67607

"The London Metal Exchange plans to accept China's yuan as collateral for its commodities traders in a symbolic milestone for China's currency, The Wall Street Journal reported, citing Trevor Spanner, chief executive of the exchange's clearing house business.

"In the commodities area, it makes absolute sense to start providing renminbi-denominated services," Spanner said. "The renminbi is on its way to becoming one of the world’s most widely used currencies." The yuan is now the fifth most used currency for international payments, according to data from payment services provider the Society for Worldwide Interbank Financial Telecommunication. "

[Popeye82]

Shanghai stocks' one-day fall of 8,5% leaves investors dazed - CER/BB/AC/CSRC, SHANGHAI - Jul 28, 2015
www.bloomberg.com/news/articles/2015-07-27/after-quick-8-5-c…
www.reuters.com/article/2015/07/27/markets-hongkong-china-st…
www.chinaeconomicreview.com/node/67606

"The Shanghai Composite Index dropped 8.5% on Monday, its biggest one-day fall since 2007, Bloomberg reported. The sudden drop after weeks of government-backed gains caught many off-guard, and the reasons behind it remain uuuuunclear.

Investors "are concerned and lost," said Alex Wong, a Hong Kong-based asset-management director at Ample Capital Ltd. "China’s market is distorted, so you can’t sell short very confidently and you can’t buy up very confidently either." Foreign investors have unloaded roughly US$7.6 billion in Shanghai-listed shares since July 6. Reuters reported the China Securities Regulatory Commission also announced on Monday it would continue to buy shares to stabilize the market. "

[Popeye82]

Mainland exchanges halt same-day short-selling of all stocks - CER/NYT, SHANGHAI/SHENZEN - Aug 5, 2015
www.chinaeconomicreview.com/node/67643

"The Shanghai and Shenzhen stock exchanges halted same-day transactions for short-sellers on Tuesday in another push to calm the mainland's volatile market, The New York Times reported, citing announcements from both bourses.

The exchanges blamed short-selling for causing "abnormal fluctuations in share prices and impacting the stable operation of the market." Investors will now be required to keep their trading positions open until the start of the next trading day, making it more difficult to bet on falling share prices. Shanghai's benchmark index closed up 3.7% following word of the new restrictions. "

[Popeye82]

Smuggled Vietnamese workers found on factory lines, in southern China
www.reuters.com/article/2015/08/06/us-china-labour-illegal-s…
www.chinaeconomicreview.com/node/67652

"A Reuters investigation of six factory towns in southern China has uncovered widespread employment of illegal workers from Vietnam, as well as the presence of workers from Myanmar and Laos.

Employers supply the workers with fake identification and sometimes confine them to factory compounds to keep them out of sight of the authorities. Chinese human smuggling syndicates, known as "snakeheads", work with Vietnamese gangs to control the lucrative trade, workers and labor brokers in China said. As China's economy slows, factory owners increasingly face a choice between moving production away from the higher-wage coast or paying snakeheads to smuggle in low-cost foreign workers who cost less, have no protections and are easily laid off. "

[Popeye82]

Beijing to set up police offices, within major mainland Internet companies
www.chinaeconomicreview.com/node/67649

"Regulators are planning to establish "network security offices" in major mainland Internet companies "in order to be able to find out about illegal Internet activity more quickly," The Financial Times reported, citing China's deputy minister of public security.

Large Internet companies such as Baidu, Alibaba and Tencent already have to employ censors and deploy algorithms to comb online content for pornography, violence and politically heterodox news and opinions. Qiao Mu, a blogger and professor at Beijing Foreign Studies University, said it was unclear how having police physically inside the offices would improve online censorship. “The goal seems to be to a create an intimidating atmosphere inside the companies themselves,” he said. "

[Popeye82]

Finance ministry lets 3 asset managers buy bad debt directly from firms - CER/SCMP/cMoF - Aug 5, 2015
www.chinaeconomicreview.com/node/67651

"China's Ministry of Finance has granted licenses to three asset management firms - Huarong, China Orient and China Great Wall - to buy bad debt directly from companies, instead of just from banks, South China Morning Post reported.

"The process for regulating non-financial non-performing assets will be very challenging," said Wilson Pang, partner in charge of special situation deal advisory at KPMG in Shanghai. "This set of debts arise out of normal businesses between suppliers and customers. These are not subject to the same regulations under the banking regulator. There is limited legal basis for enforcement." "

[Popeye82]

Hong Kong-Shenzhen index to launch, despite linkup lacking launch date
www.chinaeconomicreview.com/node/67654

"The Hang Seng Indexes Company and Shenzhen Securities Information Company will launch a new composite index with 100 constituent stocks from Hong Kong and Shenzhen on August 17 ahead of a market linkup between the two bourses, which still lacks a firm launch date, South China Morning Post reported.

Five sub-indices with 20 stocks each are planned under the new composite index for market segments including information technology, consumption, financials, real estate and infrastructure and transportation. Since November, Beijing has allowed cross-trading between Hong Kong and Shanghai of up to RMB550 billion (US$88.5 billion), with a similar tie-up with Shenzhen expected in the second half of this year. "

[Popeye82]

Online lenders see 61% drop in equity loans, after ban - CER/BB/CSRC - Aug 7, 2015
www.bloomberg.com/news/articles/2015-08-07/china-s-stock-cra…
www.chinaeconomicreview.com/chinas-unregulated-p2p-lending-s…
www.chinaeconomicreview.com/node/67655

"Loans via peer-to-peer platforms and other online lenders for equity purchases have fallen by RMB700 billion (US$113 billion) - a 61% drop from their peak - after the China Securities Regulatory Commission banned the practice on July 12, Bloomberg reported, citing a July survey it had conducted.

"The new regulations are making the industry more disciplined and transparent, "said Wei Hou, a senior equity analyst for Chinese banks at Sanford C. Bernstein & Co. "There may be short-term pain of a number of small players closing down. But it’s good for the industry in the long term." (For more on peer-to-peer lending in China, see CER's in-depth report.) "

[Popeye82]

Antwort auf Beitrag Nr.: 50.278.014 von Popeye82 am 28.07.15 07:00:54

Cost of salvaging China's stock market estimated @$144,000,000,000, so faaaaar - CER/FT/GS/CE - Aug 7, 2015
www.chinaeconomicreview.com/node/67658

"China's state financial institutions have spent around US$144 billion to support the mainland's stock market since June, less than half of the US$322 billion believed to be at their disposal, The Financial Times reported, citing estimates from Goldman Sachs.

"The episode has underlined the difficulty the government faces in the task it has set itself of convincing investors that equity markets will deliver sustained gains," said Chang Liu at Capital Economics. "The market is driven more than ever by speculation about official intentions and any positive momentum will raise questions about whether support will be withdrawn." "

[Popeye82]

China's bad loans grew, to RMB1.8tn in H1, for 14th Straight Quarter - CER/C/CBRC - Aug 7, 2015
http://english.caixin.com/2015-08-06/100837162.html
www.chinaeconomicreview.com/node/67657

"China's banks saw bad loans grow by RMB322.2 billion (US$51.89 billion) in the first half of 2015 to reach a total of RMB1.8 trillion, pushing the country's ratio of bad loans to total loans to 1.82%, Caixin reported, citing new data released by the China Banking Regulatory Commission.

The data also showed that the amount of loans banking financial institutions put under special monitoring due to greater risk of default had risen by one-third to RMB4.18 trillion, about RMB608.1 billion more than at the year's outset. The amount of loans that commercial banks had in this category rose by RMB548 billion to RMB2.65 trillion. "

[Popeye82]

China struggles with slack demand coming out of Q2 - CER/WSJ - Aug 10, 2015
www.chinaeconomicreview.com/node/67665

"China's economy continues to face downward pressure coming out of the second quarter: Exports fell 8.3% year on year in July, while imports fell 8.1%, producer inflation dropped 5.4% and consumer inflation was down 1.6% for the same period, The Wall Street Journal reported.

"Pressure is intensifying on the central bank to let the currency depreciate but I don’t think they will give in to the pressure,"said Singapore-based ING economist Tim Condon. The combination of weak exports and weaker imports left the nation with a trade surplus of US$43 billion in July, down from US$47 billion in June. "

[Popeye82]

State-owned shipping behemoths said to start consolidation talks
www.chinaeconomicreview.com/node/67661

"State-owned shipping firms China Cosco Holdings, (1919.HKG, 601919.SHA) China Shipping Container Lines (2866.HKG, 601866.HKG) and China Shipping Development (1138.HKG, 600026.SHA) applied for a trading halt after the market closed on Friday as China Ocean Shipping Group (Cosco) and China Shipping Group began plans for a merger after being ordered to do so by Beijing, South China Morning Post reported, citing unnamed sources.

Any consolidation process would be exceedingly complex thanks to the web of stock listings of the two groups and their earnings disparity. China Shipping’s offshoots have been outperforming its bigger rival since the shipping market slumped. "

[Popeye82]

China selloff of American debt puts little dent in US bond prices - CER/BB/USTD - Aug 11, 2015
www.bloomberg.com/news/articles/2015-08-09/china-slashes-u-s…
www.chinaeconomicreview.com/node/67662

"China's paring of its holdings of United States debt by US$180 billion between March 2014 and May 2015 have had little impact on demand for US Treasuries, with benchmark 10-year yields falling only 0.6%, Bloomberg reported, citing new data from the US Treasury Department.

other sources of demand are filling the void. Regulations designed to prevent another financial crisis have caused banks and similar firms to stockpile highly rated assets, and mutual funds have been scooping up government debt, flush with cash from savers who are wary of stocks and want an alternative to bank deposits that pay almost nothing. "

[Popeye82]

Full Blown Currency War is Coming - M.com - Aug 12, 2015

- Steve Kanaval -
www.equities.com/editors-desk/currencies-forex/full-blown-cu…

"Someone should explain to the People’s Bank of China (PBOC) that you cannot prompt the IMF to add your Fiat Currency to the global currency markets unless you play by the same rules as everyone else. China, however, has always played by their own rules, thumbing their noses at western capital markets. Think about it - they have been the largest buyer of our treasuries for two decades while they pegged their currency to the dollar.

This is the equivalent of gassing up your competitors truck and running along while it rambles down the road and looking in the window. I have never understood why the PBOC has behaved this way, but in the 2015 world of global currency markets and with a middle class that’s 300 million strong - the PBOC is trying to Janet Yellen their economy into a soft landing while taking down every other market with them.


China has been lobbying to be part of the IMF Global Currency group, but they want to be able to peg their currency when they want to, which defeats the purpose of free floating currency. It's kind of stupid to even ask the IMF to be a global currency in these circumstances, and I think what they are doing is creating a diversion so the world doesn't look at how bad the Chinese economy really is. The best way to improve their own economy is to make the others look ill.

The problem with free trading markets is that they seek levels that incorporate the current weakness and there is absolutely zero chance the PBOC can create enough of a diversion because they are pegged to the dollar. The further problem is the collateral damage to currencies like the Vietnamese dong and others will be/is devastating and it will weaken all the East Asian currencies. This is a time to take a look at alternatives to fiat currency in general - which is where the next generation will gravitate to anyway. Investors get tired of governments getting in the way of fair valuations.

I think the PBOC knows they will never free float the Yuan, and I also think they know they are destroying currencies in East Asia. The ultimate goal is to weaken Europe, which is the next shoe to drop.

Eventually it will spread to the US Markets (it has short term) in a larger fashion. I think the full intent is to see if the action taken by PBOC can dictate policy by our Federal Reserve - and the sooner we realize it the better off we will be. If you think we are not in the midst of a currency war, you don't understand fiat currency.

The US equity markets will turn based on what the PBOC does for the rest of 2015 and the market driver changed from corporate profits to watching the Yuan - you heard it here first. "

[Popeye82]

Alibaba launches $4,000,000,000 buy-back, after shares fall >5% - CER/WSJ/SCMP - Aug 13, 2015
www.chinaeconomicreview.com/node/67683

"New York-listed shares in e-commerce conglomerate Alibaba Group Holding (BABA.NYSE) fell 5.06% on Wednesday after the company reported its slowest quarterly revenue growth in more than three years, The Wall Street Journal reported; soon thereafter South China Morning Post reported the company was embarking on a US$4 billion share buy-back plan to support its stock price.

Quarterly revenue rose 28% to US$3.26 billion, missing analysts' estimates for US$3.39 billion. Mobile transactions continued to grow, and active users of Alibaba's mobile platforms grew to 307 million at the end of the quarter--but the firm's stock is now just 7.9% above its initial public offering of US$68."

[Popeye82]

Yuan falls to 4-year low, in Wed trading- CER/PBOC/R - Aug 13, 2015
http://uk.reuters.com/article/2015/08/12/uk-china-markets-yu…
www.chinaeconomicreview.com/node/67680

"The yuan fell to 6.451 per US dollar in China Wednesday, its lowest level since August 2011, and the currency fared worse in international trade, touching 6.59 to the dollar, Reuters reported.

The currency has lost 3.5% against the dollar in China in the last two days, and around 4.8% in global markets after the People's Bank of China changed the way it calculates the reference rate around which the yuan is allowed to trade in a 2-percentage point band. After the yuan slid further in early in Wednesday, trade currency dealers said Chinese state-owned banks were seen selling dollars on behalf of the PBOC to restrain the yuan's fall. "

[Popeye82]

Antwort auf Beitrag Nr.: 50.359.794 von Popeye82 am 08.08.15 20:15:30

Securities regulator promises ongoing support for troubled mainland market - CER/SCMP/CSF - Aug 17, 2015
www.chinaeconomicreview.com/node/67694

"The China Securities Regulatory Commission has pledged enduring support for the mainland's volatile stock market, South China Morning Post reported, citing a statement posted on the commission's microblog.

"For a number of years to come, the China Securities Finance Corp. will not exit [the market]. Its function to stabilize the market will not change," the CSRC said, referring to the state-backed firm that purchases shares on behalf of the government. The Shanghai Composite Index closed up 0.27% on Friday to cap its biggest weekly gain (5.91%) in two months."

[Popeye82]

Antwort auf Beitrag Nr.: 50.389.980 von Popeye82 am 13.08.15 05:31:44

Central bank holds yuan's trading-band fix steady, from Friday - CER/FT/PBOC - Aug 17, 2015
www.chinaeconomicreview.com/node/67695

"The People's Bank of China set the midpoint for the yuan's trading band against the dollar at 6.3969 on Monday, up only 0.01% from last week in the second straight marginal strengthening of the currency's trading band after three straight downward moves last week, The Financial Times reported.

The central bank had announced on Tuesday it was modifying the mechanism used to calculate the so-called "fix" for the onshore renminbi in a move that it claimed would give markets a greater role in determining the level of the subsequent fix, and on Sunday warned investors to expect more "two -way volatility" for the currency. "

[Popeye82]

Antwort auf Beitrag Nr.: 50.359.854 von Popeye82 am 08.08.15 20:43:16

Local government bonds make comeback, as cumulative stimulus mounts- CER/R/M - Aug 17, 2015
www.reuters.com/article/2015/08/16/us-china-economy-debt-ins…
www.chinaeconomicreview.com/node/67696

"Beijing is turning once again to off-balance-sheet financing through outfits including local government financing vehicles, monthly bond issuance of which quadrupled between February and July, Reuters reported, citing figures from Moody's.

Cumulative stimulus is starting to rival the RMB4 trillion (US$625.6 billion) spending package unveiled during the global financial chaos of late 2008, fueling concerns that China's economic miracle could end the same way as Japan's: In high debts and deflation. "China appears to be more or less slowly entering a debt-deflation trap," said Liu Li-Gang, chief economist for greater China at ANZ Bank, adding that Beijing needed to sell state assets more aggressively to escape a debt spiral. "

[Popeye82]

Chinese stocks fall further after biggest loss in 8 years, as other Asian markets rebound - SH/TCP, BEIJING - Aug 25, 2015
www.stockhouse.com/news/newswire/2015/08/25/chinese-stocks-f…

"Chinese stocks tumbled again Tuesday after their biggest decline in eight years while most other Asian markets rebounded from a day of heavy losses.

The mixed picture comes after a tumultuous day on Wall Street, where the Dow Jones industrial average ended down 3.6 per cent after trimming much bigger losses. European markets were also hit badly. Analysts said it was unclear whether this was a sign the worst was over, or a reprieve in a longer-term bear market.

The declines in China were less severe. The Shanghai Composite Index was down 4.3 per cent at 3,071.06 at midday Tuesday after falling 6.4 per cent in the first minutes of trading. On Monday, it plummeted 8.5 per cent.


In Tokyo, the Nikkei 225 index was up 0.9 per cent at 18,702.66 in afternoon trading after dropping 4.6 per cent the previous session. Hong Kong's Hang Seng, which also lost 4.6 per cent Monday, was up 1.6 per cent at 21,595.74. Sydney's S&P ASX 200 advanced 1.4 per cent to 5,073.20 and Seoul's Kospi was steady at 1,829.06 after shedding 3 per cent the previous day.

The global sell-off was triggered by the sharp drop in Chinese stocks Monday, but experts said there was little change in economic fundamentals to justify such a massive global slide.

``There was no clear catalyst for the global stock meltdown. The lack of clarity makes it difficult to assess what is needed to stem the rout,'' said Bernard Aw of IG Markets in a report.

``A co-ordinated policy response is critical, and much of this needs to come from Asian economies,'' Aw said. ``A spate of better economic news may help to allay concerns that global growth is not deteriorating. Certainly, improvements in the Chinese economy will be welcomed.''

China's fall was the latest in a series of jarring declines that have defied multibillion-dollar government efforts to stem a slide in prices following an explosive market boom.

In New York, the Dow Jones plummeted more than 1,000 points before ending the day down 588 points, or 3.6 per cent, in its eighth-worst point decline ever. The Standard & Poor's 500 sank 3.9 per cent, putting it in correction territory, meaning it had fallen at least 10 per cent from a recent peak. In Europe, Germany's DAX index declined 4.7 per cent, France's CAC-40 slid 5.4 per cent and Britain's FTSE 100 lost 4.7 per cent.

China's declines reflecting the cooling of a market boom that was driven by official policy and cheerleading from the government press, rather than by economic fundamentals. The Shanghai index rose 150 per cent beginning late last year even as the world's second-largest economy was cooling, leaving little to support higher prices once investor enthusiasm faltered.

At Monday's close, the Shanghai index was down 38 per cent from its June 12 peak and just under 1 per cent from its closing on Dec. 31. That meant the latest declines have wiped out this year's gains.

Investors abroad are increasingly uneasy about China's outlook, though there has been little change in forecasts and some areas including retailing still look relatively strong.

``Investors are overreacting about economic risks in China,'' said Mark Williams of Capital Economics in a report.

``The surge in prices that started a year ago was speculative, rather than driven by any improvement in fundamentals,'' Williams said. ``A combination of poor data and policy inaction in China may have triggered today's market falls but the bigger picture is that we are witnessing the inevitable implosion of an equity market bubble.''

In currency markets, the dollar gained to 119.8390 yen from Monday's 118.6930 yen. The euro edged down to $1.1543 from the previous session's $1.1591.

Oil rebounded from Monday's steep declines.

Benchmark U.S. crude gained 24 cents to $38.42 per barrel in electronic trading on the New York Mercantile Exchange. The contract plunged $2.21 on Monday to close at $38.42.

Brent crude, used to price international oils, advanced 26 cents to $42.95 per barrel in London. It fell $2.77 the previous day to close at $42.69. "

[Popeye82]

Rubio says military, economic +moral strength is only way to maintain peace with China - SH/TCP, MIAMI - Aug 28, 2015
www.stockhouse.com/news/newswire/2015/08/28/rubio-says-milit…

"The United States must bolster its military, push for more free trade and hold China far more accountable on human rights, Republican presidential candidate Marco Rubio writes in an op-ed for The Wall Street Journal.

“A strong America - militarily, economically and morally - is the only path to lasting peace and partnership between the U.S. and China,” writes Rubio in the op-ed to be published in Friday's edition of the newspaper. The piece appeared on the newspaper's website Thursday night.


The U.S. senator from Florida is expected to provide details of his China policy Friday morning in Charleston, South Carolina, when he speaks to the Charleston Metro Chamber's World Trade Center.

Rubio, who serves on the Senate Foreign Relations Committee, has promoted his foreign policy credentials as a GOP candidate. Earlier this month, he outlined his hardline positions toward Iran and Cuba, calling them “tyrannical regimes” in a New York City speech.

His China policy plan comes the same week the world's financial markets were rattled following China's decision earlier this month to weaken its currency.

Rubio described it as a “jarring illustration of how globalization is changing the U.S. economy.”

Rubio wrote that President Barack Obama has “continued to appease China's leaders despite their mounting aggression” and that being more friendly with the Asian nation hasn't worked.

The Republican called on downgrading President Xi Jinping's trip to Washington next week to a working visit instead of a state visit. “This is an opportunity to speak bluntly to this authoritarian ruler and achieve meaningful progress, not to treat him to a state dinner,” he wrote.

If elected president, Rubio said he would build a stronger military presence in the Pacific, promote more free trade and free markets, and call on China to improve its human rights record by demanding that every political prisoner be freed.

“To achieve a new era of productive relations between our nations, America must stand on the side of the Chinese people rather than their autocratic rulers,” he wrote. "

[Popeye82]

End may be in sight, for government stock purchases
www.chinaeconomicreview.com/node/67731

"State-led efforts to prop up mainland China's stock market my finally be over as the government plans to refrain from further large-scale equities purchases and will instead focus on investigating and punishing those it deems to have created unfavorable market conditions, The Financial Times reported, citing an account of a meeting on Thursday of unnamed senior financial regulatory officials.

On Tuesday, following a 22% fall in China’s stock market over four trading days, police detained 11 people suspected of “illegal market activities". After standing on the sidelines for more than a week, the government resumed large-scale stock-buying in the last hour of trading on Thursday, then again on Friday, ending both up by around 5%. "

[Popeye82]

Beijing sets limit for local government debt, @RMB16tn - CER/SCMP/X - Aug 31, 2015
www.chinaeconomicreview.com/node/67732

"The standing committee of China's party-controlled legislature has approved a local government debt ceiling of RMB16 trillion (US$2.5 trillion) for this year, South China Morning Post reported, citing state media.

The total for 2015 is made up of the RMB15.4 trillion in local government debt outstanding as of the end of last year and RMB600 billion set as the limit localities can take on in additional borrowing this year, according to state news agency Xinhua. It claimed a new budget law and a government directive earlier stipulated that local debt's size should be subject to approval by the NPC after submission by the State Council, China's cabinet. "

[Popeye82]

Amendments approved to China's 15-year-old air pollution law, sets sights on coal consumption cap - CER/R/CAoS/NPC/X - Aug 31, 2015
www.reuters.com/article/2015/08/29/us-china-pollution-idUSKC…
www.chinaeconomicreview.com/node/67735

"China's rubber-stamp legislature has approved amendments expected to make local governments responsible for meeting environmental targets and which ban firms from behavior designed to distort emissions readings, Reuters reported.

But lawmakers rejected proposals to include specific coal consumption targets in the law and also ruled out a clause allowing local authorities to set their own restrictions on car use, according to state news agency Xinhua. Wang Yi, head of the policy committee of the China Academy of Sciences and a member of the NPC's standing committee, has told Chinese media the law fails to set clear goals on emissions and air quality standards. "

[Popeye82]

Relocation plans for hundreds of chemical plants submitted, after Tianjin blasts - CER/TG/NYT, TIANJIN - Aug 31, 2015
www.theguardian.com/world/2015/aug/30/china-relocate-chemica…
www.nytimes.com/2015/08/31/world/asia/behind-tianjin-tragedy…
www.chinaeconomicreview.com/node/67733

"Local governments in China have submitted plans to move or upgrade nearly 1,000 chemical plants in China following the deadly explosions in the port city of Tianjin earlier this month, The Guardian reported, citing state media reports quoting the country's industry minister, Miao Wei.

Meanwhile, The New York Times reported that the two partners in the firm responsible for the blast, Rui Hai International Logistics, included the son of a local police chief and an executive at a state-run chemicals firm. Within two years of their meeting at a dinner party, the company had built a reputation as the go-to place for businesses looking to ship hazardous materials to customers abroad. "




- An aerial picture of the site in Tianjin, China, where warehouse explosions on Aug. 12 killed 145 people and injured more than 700. Rui Hai International Logistics, which owns the warehouses, has become a symbol of the high cost of rapid industrialization in a closed political system rife with corruption -

[Popeye82]

China issues blueprint for state industry overhaul, that would retain ruling party dominance - SH/TCP, BEIJING - Sep 14, 2015
www.stockhouse.com/news/newswire/2015/09/14/china-issues-blu…

"China's Communist Party has issued a long-awaited blueprint for overhauling bloated state industries that retains the party's dominance in the economy.

The plan issued Sunday calls for state companies to be forced to compete more and become financially self-supporting. At the same time, it says the party will strengthen its leadership of state industry.

The plan gives no details of how individual companies in oil, banking, energy and other state-controlled fields will be treated.


The ruling party under President Xi Jinping has promised to make the slowing economy more productive by giving entrepreneurs and market forces a bigger role.

But control of key industries helps the party retain its monopoly on power and the leadership faces opposition from factions that benefit from their influence over politically favoured companies. "

[Popeye82]

Commodities exchanges asked to draft rules regulating automated trading
www.reuters.com/article/2015/09/16/china-futures-regulation-…
www.chinaeconomicreview.com/node/67798

"China's top commodities exchanges have been asked by the country's exchange regulator to draft rules designed to "regulate the behavior of program trading" in futures markets, a move that follows a string of new regulations aimed at what authorities have deemed "malicious" trading in stock futures, Reuters reported, citing unnamed sources.

Those stock futures regulations prompted hedge funds and other investors to steer their order flow into commodities, which had previously not been impacted by Beijing's regulatory overhaul. Under a draft of he regulatory changes, anyone placing more than 4,000 trades per day based on more than five instances of five orders per second will be considered a program trader. "

[Popeye82]

NDRC ends overseas debt quotas, amid capital outflows
www.bloomberg.com/news/articles/2015-09-16/china-scraps-over…
www.chinaeconomicreview.com/node/67796

"The National Development and Reform Commission will remove quota approval processes for foreign currency or yuan notes and loans with a term of more than one year, Bloomberg reported, citing a statement published to the commission's site.

Companies are only required to register with the regulator, the statement said, whereas the NDRC previously reviewed each firm’s application for foreign borrowing. "Given the strong yuan depreciation expectation, the government is probably encouraging more overseas borrowings, which will result in more capital inflows ," said Li Liuyang, the chief financial market analyst at Bank of Tokyo-Mitsubishi UFJ (China) in Shanghai. "

[Popeye82]

Beijing seeks compliance pledge, from foreign tech firms
www.nytimes.com/2015/09/17/technology/china-tries-to-extract…
www.chinaeconomicreview.com/node/67794

"Chinese officials distributed a document earlier this summer to some American tech firms asking them to pledge not to harm national security, store Chinese user data on the mainland and ensure their products are "secure and controllable," a catchphrase industry groups said could be used to allow third-party access to their systems or even hand over source code, The New York Times reported, citing three unnamed sources.

Next week, Beijing has also planned a tech forum in Seattle between China’s Internet czar, Lu Wei, and tech companies including Apple, Facebook, IBM, Google and Uber. "

[Popeye82]

Growth focus returns, in face of yuan's devlauation, sources say
www.reuters.com/article/2015/09/17/us-china-economy-policy-i…
www.chinaeconomicreview.com/node/67801

"Policymakers may turn to old engines of growth in an attempt to address a rundown of foreign exchange reserves and ease downward pressure on the yuan, Reuters reported, citing unnamed sources involved in policy discussions.

Beijing will channel funds mainly into infrastructure projects, including railways, roads and airports, and the central bank will cut interest rates and bank reserve requirements, policy insiders say, reigniting fears of reverting to an old stimulus playbook at odds with an erstwhile push toward consumption-driven growth. "We need to stabilize growth by stepping up fiscal policy support," said an influential economist who advises the government. "

[Popeye82]

China's outbound direct investment expected to pass $1tn, in 2015
www.chinaeconomicreview.com/node/67803
------> www.scmp.com/news/china/economy/article/1859123/chinas-total…

"China's outbound direct investment (ODI) is on track to pass US$1 trillion this year as local firms invest abroad in response to slowing economic growth, Reuters reported, citing figures from the Ministry of Commerce.

Non-financial ODI rose 18.2% to US$473 billion (US$107.2 billion) for the year's first eight months. Chinese companies have already announced or completed 390 deals worth US$77 billion in the year to the end of September 2016, according to Reuters data – a doubling of the total amount of money involved in deals over the same period last year. Total ODI rose to just below US$883 billion in 2014. "

[Popeye82]

Illegal timber from Myanmar surges, into China
www.chinaeconomicreview.com/illegal-timber-myanmar-surges-ch…
www.theguardian.com/world/2015/sep/17/illegal-timber-myanmar…

"The flow of illegal timber into China from Myanmar has escalated markedly as Chinese operations venture deeper into the country in pursuit of valuable teak and rosewood, The Guardian reported, citing a report by the London-based Environmental Investigation Agency.

Timber volume is close to the peak level hit a decade ago before Beijing was forced to crack down in 2006, after environmental groups exposed the extent of destruction from logging. “New investments in infrastructure in the country, including dams, ensure roads are built, leading timber bosses from China straight to Myanmar’s valuable forests," said Faith Doherty, one of the report's authors. "

[Popeye82]

China coal consumption 14% higher, than thought, for 2000-2013
www.chinaeconomicreview.com/china-coal-consumption-14-higher…
www.ft.com/cms/s/d59ca576-5d14-11e5-9846-de406ccb37f2,Author…

"Revised data out of Beijing has led the US Energy Information Administration to conclude that China burned as much as 14% more coal between 2000 and 2013 than previously thought, meaning that China's energy consumption and production were also much higher, The Financial Times reported.

The revised Chinese statistics on which the EIA’s analysis is based indicate that energy released through coal consumption edged up slightly in 2014 compared with the previous year, reflecting a greater proportion of higher-quality coal in the mix as dropping prices and a drive to shut down low-quality suppliers shook up the industry. "

[Popeye82]

China-made Monster Hunt sets national box-office record
www.chinaeconomicreview.com/node/67785

"Mainland-made movie Monster Hunt has become China's highest-grossing movie ever with a take of RMB2.428 billion (US$381.2 million) thanks in part to its release during an annual 6-8 week "domestic film protection period" in which few foreign films are released, The Guardian reported, citing Variety.

The criticism from US film industry press comes on the heels of a report byThe Hollywood Reporter claiming the propaganda film The Hundred Regiments Offensive had stolen the box office from the American film Terminator: Genisys after local theaters were offered state incentives to deliver fraudulent ticket sales reports that may have cost the latter's studio Paramount as much as US$11 million. "

[Popeye82]

China, US in talks to swear off cyberspace first strikes, sources say
www.chinaeconomicreview.com/node/67811

"China and the United States are currently negotiating a cyberspace arms control accord that could commit each country to forswear a first strike that could cripple the other's critical infrastructure during peacetime, The New York Times reported, citing unnamed officials involved in the talks.

Such an agreement would not, at least in its first version, protect against most of the attacks US officials have in recent months blamed on China, including theft of intellectual property and millions of government employees' personal data. One senior official cautioned any initial statement may only include a "generic embrace" of a cyberspace code of conduct recently adopted by a United Nations working group."

[Popeye82]

Dozens of apps -including WeChat, Didi Kuaidi- infected with malware
www.chinaeconomicreview.com/node/67810

"More than three-dozen apps - including many of the most popular in China, such as Tencent's WeChat and ride-hailing service Didi Kuaidi - have been found to be infected with malware due to developers having used a corrupted iOS development tool kit hosted on Baidu's cloud service, The Wall Street Journal reported, citing Alibaba Group Holding's mobile antivirus division and US-based online security firm Palo Alto Networks.

Developers had used the mainland cloud service because China's Internet filters made downloading directly from Apple too slow. The infected apps can leak information on a user's device and send fake alerts to steal passwords to the Apple iCloud service. Statements posted to social media by companies whose apps had been affected maintained no sensitive customer information had been lost. "

[bmann025]

Changlong WU Frau Merkel,
ich, als ein ausländischer Student, bin enttäuscht und habe Angst.
Wir haben so viel gelernt und so gestrebt, um in Deutschland Ingenieurwissenschaft zu studieren, weil wir glauben, Deutschland ein ordentliches, sicheres und faires Land ist. Aber jetzt ist es chaostisch. Die Situation geht immer schlechter. Wir haben Angst allein auszugehen. Wir sind enttäuscht, weil wir so fleißig lernen und arbeiten, und noch uns finanzieren und jedes Jahr Visum beantragen. Aber die Flüchtlingen, die weder Deutsch noch Englisch können, die keine Fachkenntnisse haben, können so einfach in Deutschland siedeln und deutsche Staatangehörigkeit bekommen. Das hat unsere Initiative unterdrückt. Wenn die ausländische Studenten nicht mehr nach Deutschland kommen wollen, wollen Sie mit den Flüchtlingen das Land weiter entwickeln? Daran zweifle ich.

[Popeye82]

Xi to announce national cap-&-trade program starting in 2017
www.nytimes.com/2015/09/25/world/asia/xi-jinping-china-presi…
www.chinaeconomicreview.com/node/67834

"Chinese President Xi Jinping will announce at a White House summit meeting on Friday a commitment to start a national cap-and-trade system in 2017 that will limit and put a price on greenhouse gas emissions, The New York Times reported, citing Obama administration officials.

The agreement, which American officials said had been in the works since April, would be China�s first commitment to a specific plan to limit emissions. Xi will pledge to put in place a �green dispatch� program intended to create a price incentive for generating power from low-carbon sources, officials said, and agree to help provide financing to poorer countries to pay for projects that reduce harmful emissions. "

[Popeye82]

Corruption, pollution, wealth gap, crime among public's top concerns - CER/WSJ/PRC - Sep 25, 2015
www.chinaeconomicreview.com/node/67833

"A study released by the Pew Research Center found corruption and pollution chief among Chinese citizens' concerns, The Wall Street Journal reported.

The survey, based on 3,649 face-to-face interviews with adults aged 18 and up, was conducted in May, shortly before the mainland's stock market tanked. 84% of respondents viewed official corruption as a big problem - with 44% calling it a very big problem. Air and water pollution were considered big problems by 76% and 75% of respondents, respectively. But China's wealth gap and crime weren't far behind, at 75% and 74%, respectively. "

[Popeye82]

State-owned coal mining firm to cut 100,000 jobs - CER/C - Sep 25, 2015
www.chinaeconomicreview.com/node/67831

"Heilongjinag Longmay Minong Holding Group, the largest state-owned coal mining firm in Northeast China, will cut its roughly 240,000-person workforce by 100,000 over three months, Caixin reported, citing the company's Chairman, Wang Zhikui.

Longmay will also sell its non-coal businesses and work to collect debts it is owed by other firms in a bid to resolve its shortage of cash, Wang said. The firm was formed by merging four mines in 2004. It enjoyed great success in its first six years, but then began suffering substantial losses in 2012 when the price of coal began to fall due to the firm's high labor costs and low efficiency. "

[Popeye82]

Taiwan cuts interest rate, for first time in four years - CER/AD-P/SCMP - Sep 25, 2015
www.chinaeconomicreview.com/node/67830

"Taiwan's central bank lowered its key interest rate on Thursday for the first time in four years, from 1.875% to 1.75%, Agence France-Presse reported.

"Considering the slow recovery of the global economy and uncertainties facing it, slow domestic economic growth, negative export output, mild inflation and relatively high substantial rates, the board believed that lowering the discount rate should help the economy grow while maintaining domestic prices and banking stability," the bank said in a statement. In August Taiwan slashed its forecast for gross domestic product growth this year to 1.56%, saying the economy was losing strength owing to weak demand from abroad and stiffer competition from mainland China in the technology sector. "

[Popeye82]

Antwort auf Beitrag Nr.: 50.650.791 von Popeye82 am 18.09.15 04:34:01

Xi promises access, IP protection, in meetings with US tech execs
www.chinaeconomicreview.com/node/67827

"Chinese President Xi Jinping told American and Chinese business leaders at a roundtable in Seattle that his government was committed to resolving tensions over market access and intellectual property, The Wall Street Journal reported.

"China will open up still wider to the outside world," Xi promised to executives from Amazon, Apple, Microsoft and Cisco. The Obama administration has been urging American firms to be more vocal about the problems they are facing in China, but Beijing has been using meetings with business leaders in Seattle to highlight the positive aspects of commercial ties while playing down tensions in other areas ahead of Xi’s Friday summit with US President Barack Obama. "

[Popeye82]

New forex reserve rule set to rob smaller firms of hedge against yuan's fall
www.chinaeconomicreview.com/node/67823

"A reserve requirement introduced for banks trading currency forwards on behalf of clients and which takes effect on October 15 will make it impossible for many smaller mainland firms to hedge against the yuan's devaluation, South China Morning Post reported, citing bankers and analysts.

The requirement that banks hold 20% of the total value of forwards contracts - which lock in the currency's exchange rate for future payments - for a year at zero interest means that banks "will have to cease most of the forward business, only retain it with core clients," said one Chinese-based executive at a foreign bank. "

[Popeye82]

Premier Li Keqiang looks to calm execs' nerves, @WEF meeting
www.reuters.com/article/2015/09/09/us-markets-global-china-i…
www.chinaeconomicreview.com/node/67767

"Premier Li Keqiang told executives at the World Economic Forum in Dalian that China had fended off the chief risks to its financial system, Reuters reported.

"The government took measures to stabilize the market and prevent risks from spreading, we have forced out the possibility of any systemic risks," Li said during a speech at the forum. He conceded that China's economy faced downward pressures, but maintained there had been "overall stability in China's economic performance in spite of a certain amount of moderation." His comments followed word that China's finance ministry would accelerate major infrastructure construction projects and reform the country's tax system. "

[Popeye82]

China's grain prices under pressure, from fall harvest, imports
http://dimsums.blogspot.de/2015/09/farm-prices-under-pressur…
www.chinaeconomicreview.com/node/67769
www.chinaeconomicreview.com/cereal-dysfunction

"Grain prices are experiencing strong downward pressure as China's fall harvest arrives, Dim Sums reported, citing local media.

Early-harvested spring corn from Shaanxi and Xinjiang is selling for less than RMB2,000 (US$313.31) per metric ton, with Chinese futures prices for January corn trading well below RMB1,950. But one calculation by an industry publication estimated the cost of US corn arriving in China at RMB1,593, down RMB119 from a year ago. China's wheat market is also under pressure, with even the price for relatively scarce high-quality wheat falling due to weak demand. For more on China's grain support price policies, see CER's in-depth report. "

[Popeye82]

Hong Kong regulator probes firms, on China securities products
www.chinaeconomicreview.com/node/67766

"Hong Kong's Securities and Futures Commission is investigating whether international and mainland hedge funds and brokers operating in the territory violated their licenses or general conduct rules through creating and trading Chinese investment products, Bloomberg reported, citing a Reuters report that cited unnamed sources.

The two-week-old probe is scrutinizing Chinese investment quotas used to create products for hedge funds to trade stocks and bonds on the mainland. Brokers may have needed extra licenses for for some of the products for which they had discretion to manage portfolios of securities for their clients. No comment was immediately available from the commission. "

[Popeye82]

China's liquidation laws could make rising bankruptcies painful, for foreign investors - CER/SCMP/BDO, HONG KONG - Oct 12, 2015
www.chinaeconomicreview.com/node/67849
www.scmp.com/business/china-business/article/1866377/bankrup…

"An expected increase in mainland corporate bankruptcies may pose challenges for foreign creditors in Hong Kong and elsewhere thanks to differences between court and legal proceedings for firms that file for bankruptcy, South China Morning Post reported, citing liquidation experts.

Johnson Kong Chi-how, the managing director of accounting firm BDO, said that if any assets of a bankrupt company are in China, the rights of Hong Kong liquidators would not be recognized, and the assets could not be taken over without approval from a court in China. "This would be a costly and lengthy court battle," Kong said. "

[Popeye82]

Investors seek succor from bonds, insurance, property after stock rout - CER/WSJ/howbuy.com - Oct 12, 2015
www.chinaeconomicreview.com/node/67851

"Chinese investors are parking their cash in bonds, insurance products and real estate in top-tier cities as they look for haven investments following the mainland's stock market rout, The Wall Street Journal reported.

Fixed-income products rose by 50% in September month-on-month as stock sales fell by the same, according to wealth-management product site howbuy.com. Investors are also buying policies from insurers that combine insurance and investment and are billed as offering safe, steady returns, while professional managers have begun shifting assets from stocks to bonds and properties. In September home prices rose 0.3% month-on-month as investors concentrated their buying in China�s top cities, viewed as safer bets. "

[Popeye82]

Jilin provincial government steps in to save Asia's largest corn processor - CER/FT - Oct 13, 2015
www.chinaeconomicreview.com/node/67855

"Global Bio-Chem, the third-largest corn refiner in the world and Asia's biggest, has been taken over by a investment firm owned by the government of Jilin province after racking up US$1.9 billion in debt to banks and local businesses, The Financial Times reported, citing local media.

"Historically, local governments don�t like any big employer to close. They�d rather see them bailed out and they also don�t like to see big investors lose," said Michael Spencer, chief economist for Asia at Deutsche Bank in Hong Kong. "The process of imposing a hard budget constraint on Chinese companies is still in its infancy." "

[Popeye82]

Chinese private equity firm to run $400mn seed fund on AngelList investment platform - CER/AL/TC - Oct 13, 2015
www.chinaeconomicreview.com/node/67856
http://techcrunch.com/2015/10/12/angellist-csc/

"China Science & Merchants Investment Management Group, the third-largest private equity firm in China with US$12 billion under management, will run a US$400 million seed fund called CSC Upshot intended to compliment individual investors on the investment platform AngelList, TechCrunch reported, citing AngelList co-founder Naval Ravikant.

SCS Upshot will likely be the largest-ever fund to provide early-stage funding to start-ups once it begins operating. "If it�s handled poorly, it could change prices and flood the market," Ravikant acknowledged. "We were actually offered closer to $1 billion and we thought that was too much money. Even the $400 million will be spread out over six to eight years." "

[Popeye82]

PBOC to allow lenders in 11 provinces to use loan assets as collateral - CER - Oct 13, 2015
www.chinaeconomicreview.com/node/67854

"The People's Bank of China will allow commercial lenders in 11 provinces to borrow from it using their loan assets as collateral in an attempt to provide cheap financing and enable direct bank lending to targeted sectors of the economy, The Wall Street Journal reported, citing an announcement on the central bank's website.

The move is an expansion of a trial in Guangdong and Shandong provinces, will include lenders in Beijing and Shanghai, and is aimed at "supporting the real economy," according to the bank's announcement. It comes amid an increase in bad loans that has made banks less likely to lend to the risky businesses tasked with driving economic growth. "

[Popeye82]

Supertankers park outside ports, as China's oil-buying binge continues - CER/BB - Oct 13, 2015
www.chinaeconomicreview.com/node/67853
www.bloomberg.com/news/articles/2015-10-11/china-s-supertank…

"Crude oil-bearing supertankers are encountering longer waits outside of Chinese ports, highlighting the country's buy-up of oil amid forecasts of slower economic growth, Bloomberg reported, citing vessel-tracking data

At least 19 two-million-barrel-capacity ships were stationed off China�s coast for two weeks or more this month due to a lack of space in some storage tanks. China�s purchases have jumped almost 10% this year from 2014, and could help keep prices from a greater fall. It has acquired 200 million barrels of crude in its reserves as prices slumped, and intends to have 500 million by the decade's end, according to the International Energy Agency. "

[Popeye82]

Party leaders to draft next national five-year plan @Oct. 26-29 meeting - CER/SCMP - Oct 13, 2015
www.chinaeconomicreview.com/node/67852

"The Central Committee of the Chinese Communist Party announced on Monday that it would hold a meeting to draft China's next five-year plan from October 26 to 29, South China Morning Post reported, citing state media.

While the five-year is a holdover from the country's Maoist era, it remains a key blueprint that lays out major near-term government goals. The party is expected to approve a draft of the national economic and social development program from 2016 to 2020 during the meeting. The full plan will then be sent to the National People�s Congress for rubber-stamp approval in March, before each region and industry comes up with its own, more detailed plan. "

[Popeye82]

Low pay fuels China's graduate ambitions, increasing numbers of Chinese graduates are shunning steady but low-paid employment with ambitions to start their own firms. Paul Chapman reports - FY/R - Oct 18, 2015
http://finance.yahoo.com/video/low-pay-fuels-chinas-graduate…

[Popeye82]

Party leaders to discuss ending capital controls, by 2020 - CER/BB - Oct 23, 2015
www.bloomberg.com/news/articles/2015-10-22/china-said-to-wei…
www.chinaeconomicreview.com/node/67896

"The leadership of the Chinese Communist Party will discuss a proposal to end currency controls on the yuan by 2020, Bloomberg reported, citing an unnamed source.

The promise - which would allow capital to flow freely between mainland China and the rest of the world - would be codified in the county's 13th Five Year Plan, according to said source, but could also be cut from the final version. Zhou Hao, a senior economist at Commerzbank AG in Singapore, said opening the account would "serve the authorities’ goal to make China one of Asia’s financial hubs, along with traditional centers such as Hong Kong and Singapore." "

[Popeye82]

UK, China sign almost $61,000,000,000 in business deals - CER/TG - oct 22, 2015
www.chinaeconomicreview.com/node/67894

"The government of British Prime Minister David Cameron announced it had secured nearly GBP40 billion (US$61 billion) in contracts with China, the lion's share of which will come from state-owned China General Nuclear Power Corporation's US$28 billion stake in a new plant to be built in Somerset, The Guardian reported, citing a joint statement from the prime minister and Chinese President Xi Jinping.

As part of the deal, French energy firm EDF and the Chinese firm will also cooperate to license a Chinese-designed reactor to be built near London. However, the deal is subject to approval by UK ministers, according to the UK's Department of Energy and Climate Change. "

[Popeye82]

Mongolia considers austerity, as China commodity demand plummets - CER/BB - Oct 22, 2015
www.bloomberg.com/news/articles/2015-10-20/for-mongolia-chin…
www.chinaeconomicreview.com/node/67891

"Mongolia's finance minister is pushing for passage of austerity measures in the face of a budget shortfall this year of more than 4% caused by falling exports to China and compounded by a concomitant fall in commodity prices, Bloomberg reported.

China took in 88% of Mongolian exports in 2014, but export revenue from China trade fell 17% in the first nine months of the year as coal, oil and iron oil fell 32%, 41% and 48%, respectively. The country's reliance on China exports has been blamed in part on a 2012 law that ratcheted up restrictions on foreign investment--passed in response to Aluminum Corp. of China's bid to buy a Mongolian coal mining outfit. "

[Popeye82]

London Metal Exchange strikes deal, to give China more input on prices - CER/FT -Oct 22, 2015
www.chinaeconomicreview.com/node/67893

"Seven Chinese banks and brokers, including Bank of China and Industrial and Commercial Bank of China, have agreed to support an initiative by the London Metal Exchange to encourage greater participation by China in setting prices for metals, The Financial Times reported.

Among the goals of the deal are price convergence between Chinese and global markets, greater use of LME-approved warehousing systems and aiding the yuan's internationalization. China currently consumes 40% of global base metals, is the world's largest metals producer and accounts for 20% of business on the London exchange. The country lacks a true international exchange thanks to capital controls that limit market access for foreign investors. "

[Popeye82]

China set to plan its next economic heading, latest plenary session has the market watching for the planned economic future of the country

www.australianmining.com.au/news/china-set-to-plan-its-next-…

"Market watchers are set to focus on Beijing this week as China’s communist party elite convene for their fifth plenary session, a four day policy-setting meeting that is widely expected to chart the course for the country’s economic growth from 2016 through to 2020.


The plenum takes place against the backdrop of slowing economic growth and rising internal debt as well as stock market volatility. “China has challenges but the leadership seems to be well aware of the challenges. The recent financial volatility must not deter what needs to happen to build a sustainable China,” Liang Du, director and co-head of Asset Allocation at Prescient Investment Management, said via email.

At the same time, Matthew Birtch, a Strategic Management Lecturer at the University of Pretoria’s Gordon Institute of Business Science, said the meeting is very important as it is “Another stop on the path to greater economic growth for the economy”. But Martyn Davies, managing director of Emerging Markets and Africa at Deloitte Frontier Advisory, cautioned against reading too much into the discussions, “There’s an over-emphasis, outside China, on the importance of the plans… The world is looking to China for guidance and they need to set a positive tone,” he said.

Still, investors will pay particular attention to the country’s economic growth rate targets for the next five years. As part of its last five-year plan, China set out to deliver GDP growth of about 7% through to 2015. And even in the face of trying global economic conditions, the country’s official growth statistics have consistently come in around the 7% mark, which has raised some eyebrows. Speaking to Mineweb from Cape Town, Davies implied it is an open secret that the growth figures that China publishes are different to its actual growth figures. In terms of economics, Birtch said there are many issues with the way in which GDP is measured and that it is likely China reports a ‘ballpark figure’.

Should the country lower its growth target to below 7%, it will do so for the first time since the late 1970s. According to JP Morgan, China’s commitment to doubling GDP from 2010 to 2020 requires an annual growth rate of 6.5% over the next five years.

Commodity markets have already been riled over concerns of slowing growth in China, the world’s second largest economy and largest consumer of raw materials, so actual lower growth targets set by the country’s government are likely to further impact commodity prices.

“We expect commodity demand to remain challenged by China’s moves to rebalance away from construction/investment-driven growth and toward consumption growth. This has exposed serious overcapacity in the sector, particularly in early-cycle commodities – steel, cement and coal,” JP Morgan said in a note.

“Most people knew that this was a super-cycle and that it would end,” Birtch said by telephone. According to him, some commodity-based companies made huge judgement errors by putting all their emphasis and focus on China instead of hedging themselves outside the country. But he said commodity prices will pick up as China has merely hit a plateau in terms of infrastructure growth, “There’s still a huge amount of infrastructure that is needed and there are still huge rural populations that they want to urbanise”. He expects this infrastructure plateau to last for a minimum of 10 to 15 years.

Meanwhile Liang Du said the rebalancing of the economy will lead to the normalisation of the Chinese market and be more market driven. “Although growth may be temporarily slower, it will result in a far more sustainable future for China as a whole,” he said. Davies added that the size of China’s economy is far more important than the rate at which the country grows, saying we shouldn’t “sweat the decimal points.” "

[Popeye82]

Alibaba to pay $3,670,000,000 for streaming site Youku Tudou - CER/SCMP - Nov 9, 2015
www.chinaeconomicreview.com/node/67963

"E-commerce conglomerate Alibaba Group Holdings will pay US$3.67 billion for outstanding shares of New York-listed online video-streaming site Youku Tudou, South China Morning Post reported, citing a joint statement from the companies.

The all-cash transaction, expected to be completed in the first quarter of 2016, involves paying Youku US$27.60 per American depositary share, which represents 18 ordinary shares. The acquisition cost represents a premium of 35.1% to the stock's closing price on October 15, a day before Youku announced it had received a proposal from Alibaba. Internet industry analysis firm iResearch has forecast mainland China's online video market to post total revenue worth RMB90 billion (US$14.17 billion) by 2018. "

[Popeye82]

China's Oct trade surplus hits record high, as imports, exports fall - CER/R/cGAoC - Nov 9, 2015
www.chinaeconomicreview.com/node/67961

"China's exports in October fell 6.9% year-on-year as imports dropped 18.8%, resulting in a record trade surplus of US$61.64 billion, Reuters reported, citing figures from the General Administration of Customs.

The decline in exports was led by trade with developed economies, indicating that China may be getting less of a boost than hoped from overseas holiday shopping as falling commodity import volumes reflected anemic demand from once-key drivers of growth including real estate and construction, which look less likely to recover despite the central bank having cut interest rates in October for the sixth time in less than a year. "

[Popeye82]

Antwort auf Beitrag Nr.: 51.046.779 von Popeye82 am 09.11.15 22:16:05

China's forex reserves rise in Oct, for 1st time in six months - CER/BB - Nov 9, 2015
www.chinaeconomicreview.com/chinas-forex-reserves-rise-octob…

"China's foreign-exchange stockpile rose from US$3.51 trillion to US$3.53 trillion as of the end of October, Bloomberg reported, citing data released by the People's Bank of China.

The uptick of US$20 billion followed drops in August and September of US$93.9 billion and US$43.3 billion, respectively. The rebound after August’s plunge suggests that capital outflow pressures are easing amid apparent rebounds in China’s stocks and currency: The Shanghai Composite Index rose 10.8% in October, the best performance since April, as the government eased monetary policy to spur economic growth. The onshore yuan rose 0.6% as of October's end, the biggest gain in seven months. "

[Popeye82]

Beijing DELAYS FINANCIAL LIBERALISATION, IN THE FACE OF ECONOMIC WOES - CER/WSJ/CND&RC/CMoF, BEIJING - Nov 9, 2015
www.chinaeconomicreview.com/beijing-delays-financial-liberal…

"Beijing is delaying opening of its financial borders as the leadership shifts to emphasize stability in response to economic slowdown, The Wall Street Journal reported, citing a wide range of officials, executives and advisers as well as the minutes of a September 22 closed-door meeting of top leaders from the National Development and Reform Commission and the Ministry of Finance.

But even a new target of 6.5% annual economic growth for the next five years, announced by President Xi Jinping last week, may prove hard to hit, with analysts saying that it would require stepped-up stimulus measures that would run counter to long-discussed reforms that could squeeze near-term growth. "

[Popeye82]

PLA wants ability to attack Taiwan by 2020: report

www.wantchinatimes.com/news/content?id=20151027000013&cid=11…

[Popeye82]

Singapore's yuan investment quota doubles, to RMB100,000,000,000 - CER/R - Nov 10, 2015
www.chinaeconomicreview.com/node/67967

"Singapore's yuan-denominated investment quota in China will be doubled to RMB100 billion (US$), Reuters reported, citing the Monetary Authority of Singapore.

The announcement followed a Singapore's hosting of the Presidents of Taiwan and China last week, where the two marked the first meeting between the two sides in 66 years. China and Singapore also agreed to extend to Chongqing municipality the same cross-border yuan initiatives that were now in place for Suzhou and Tianjin. "This means, for example, that Singapore-based banks will be allowed to lend [yuan] to companies in Chongqing and Chongqing-based companies may issue [yuan] bonds in Singapore and fully repatriate the proceeds," the central bank said."

[Popeye82]

Liaoning province smothered by smog in winter's 1st airpocalypse - CER/TG/WHI, SHENYANY/X - Nov 10, 2015
www.chinaeconomicreview.com/node/67966
www.theguardian.com/world/2015/nov/09/airpocalypse-now-china…

"Levels of carcinogenic particulate in the air of Liaoning's provincial capital of Shenyang reportedly reached 56 TIMES THE LEVELS CONSIDERED SAFE BY THE WORLD HEALTH ORGANISATION on Sunday, and air in the city remained hazardous late Monday as even state media reported on the smog's fallout, The Guardian reported.

Yang Shenjia, who works at the Liaoning Jinqiu Hospital, told state news agency Xinhua the industrial city of 8 million had been a sudden influx of patients suffering from breathing complaints over the past two days. “The respiratory department’s inpatient wards are full,” Yang said. "

[Popeye82]

Antwort auf Beitrag Nr.: 51.051.903 von Popeye82 am 10.11.15 13:40:15

[Popeye82]

Antwort auf Beitrag Nr.: 51.051.903 von Popeye82 am 10.11.15 13:40:15

[Popeye82]

China's consumer inflation cools, in Oct - CER/R/cNBoS- Nov 11, 2015
www.chinaeconomicreview.com/node/67969
www.reuters.com/article/2015/11/10/us-china-economy-inflatio…

"China's consumer price index rose 1.3% year-on-year in October as with inflation cooled from 1.3% in September, while the producer price index fell 5.9% for the second straight month as overcapacity weighed on heavy industry, Reuters reported, citing new figures from the National Bureau of Statistics.

While consumer price inflation in China is highly seasonal due to the outsize index weight of food prices , economists also highlighted weakening sequential momentum as a concern. Heavy industrial firms and miners, hit by an extended slump in the real estate sector which drives final demand for many of their products, have fared particularly poorly. "

[Popeye82]

Regulator denies onerous rules on foreign payment card firms - CER/R/cCB - Nov 11, 2015
www.chinaeconomicreview.com/node/67971
www.reuters.com/article/2015/11/10/us-china-banking-cards-id…

"Fan Yifei, a vice governor at China's central bank, said there were no plans to limit licenses issued to foreign bank card providers or force them to operate through joint ventures with local partners, long-held fears of firms like Visa and MasterCard as they seek to enter the country's US$7 trillion card payment market, Reuters reported.

"We will actively and cautiously open up China's card payment market according to laws and regulations, and encourage fair competition," Fan said. China UnionPay, a state-controlled consortium, has a monopoly on all yuan payment cards issued and used in the country. "

[Popeye82]

CSRC lifts net-buy requirement for brokerages, as 12 hedge funds go MIA - CER/R/CSRC - Nov 25, 2015
www.chinaeconomicreview.com/node/68028
www.reuters.com/article/2015/11/24/us-china-economy-idUSKBN0…

"The China Securities Regulatory Commission has lifted an order requiring brokers to buy more than they sell in proprietary trading, Reuters reported, citing unnamed sources.

The end of the measure, put in place in July amid a market rout, signals greater confidence from authorities as mainland equities continue their recovery, with the Shanghai Composite Index now up around 20% from its nadir in August. But a crackdown on brokerages continues with government probes into Guotai Junan Securities and Haitong Securities, and the Asset Management Association of China has revealed that it was unable to contact 12 domestic hedge fund companies. "

[Popeye82]

Apple hopes to launch payment service in China, by Feb, sources say - CER/WSJ - Nov 25, 2015
www.chinaeconomicreview.com/node/68027

"Apple is aiming to launch its Apple Pay payment service in China by early February and has struck deals to link services with accounts at all of China's big four state-run banks, The Wall Street Journal reported, citing unnamed sources.

Apple's Chief Executive Tim Cook has been in close contact with Chinese government agencies and has stated a desire for Apple Pay to enter China as soon as possible. On debut it would face a market dominated by entrenched rivals: State-run UnionPay still holds effective monopoly on processing card payments; Alibaba affiliate Alipay dominates electronic payments with nearly 45% of the market, while Tencent-backed rival Tenpay holds nearly 19%. "

[Popeye82]

Nicaraguan canal plans delayed, as magnate backer's fortunes decimated - CER/NCDG/AP - Nov 27, 2015

www.scmp.com/news/world/article/1883514/chinese-company-post…
www.chinaeconomicreview.com/node/68038

"HK Nicaragua Canal Development Investment Group, the firm slated to build a controversial US$50 billion canal across the entirety of Nicaragua, has delayed the start of construction until late 2016, The Associated Press reported.

Wang Jing, chairman and chief executive of HKND Group who is using his personal fortune to help fund the Nicaraguan challenger to the Panama Canal and potential ecological disaster, has seen his net worth tumble following the equity market slump in China. Wang's reported net worth had dropped from US$10.2 billion at the peak of the stock market rally in June to only US$1.1 billion in October. "

[Popeye82]

Summer equities bailout LEAVES "NATIONAL TEAM" HOLDING 6%(!!!) OF STOCK MARKET - CER/FT/WF - Nov 27, 2015
www.chinaeconomicreview.com/node/68040

"China's "national team" of state financial institutions corralled into purchasing shares to stem this summer's equities rout now collectively own at least 6% of the mainland stock market, The Financial Times reported, citing data from Wind Financial.

The figures, compiled from quarterly financial statements disclosing listed firms' ten largest shareholders, likely underestimate the national team's actual holdings. The government cash infusion came after the Shanghai Composite index fell more than 40% from its seven-year high on June 12 till late August. Goldman Sachs estimated in September that the government had spent RMB1.5 trillion (US$234 billion) to support the market in July and August. "

[Popeye82]

Chinese stocks fall, after 2 major brokerages announce they are under investigation - SH/TCP, BEIJING - Nov 27, 2015
www.stockhouse.com/news/newswire/2015/11/27/chinese-stocks-f…

"Two major Chinese brokerages announced they are under investigation in the latest aftershock of this summer's market plunge, sending share prices sharply lower Friday.

The Shanghai Composite Index was down 6.1 per cent by midafternoon. Declines were led by Citic Securities Ltd. and Guosen Securities Ltd., which fell by the 10 per cent daily limit after both said that they were under investigation for possible violation of securities market rules. Neither gave details of their possible offences.

A string of Chinese securities executives have been detained or questioned following a plunge in share prices that began in early June. The announcements by CITIC and Guosen on Thursday were the first that brokerages themselves were being investigated.


The investigations were seen by many as an attempt by the ruling Communist Party to deflect blame for the 30 per cent fall by the Shanghai index after state media encouraged the public to buy stocks.

In September, the police ministry announced executives of Citic, including its general manager, Cheng Boming, were suspected of insider trading and leaking sensitive information.

In August, the official Xinhua News Agency said eight Citic employees and one current and one former employee of the market regulator were suspected of illegal stock trading.

News reports said another brokerage, Haitong Securities Ltd., also was under investigation but there was no immediate confirmation by the company or regulators. Trading in Haitong's shares was suspended Friday morning.

The market benchmark soared more than 150 per cent beginning late last year before hitting a peak June 12 and plunging.

The downturn triggered complaints politically favoured insiders profited at the expense of small investors. Beijing responded by barring large shareholders from selling and ordering executives to buy back any recently sold stock in their own companies. "

[Popeye82]

Party mouthpiece calls for grain self-reliance, despite high domestic prices - CER/SCMP - Nov 24, 2015

www.chinaeconomicreview.com/cereal-dysfunction
www.chinaeconomicreview.com/node/68023

"Party mouthpiece announced new measures to reduce dependence on imported grains despite overflowing domestic stocks and wheat grain and rice prices that are 37%, 42% and 51% higher than import prices, respectively, South China Morning Post reported.

"Grain prices are supported by the government’s minimum purchase prices, therefore the possibility for sharp price declines is not big," said Huang Yiping, an economist from Peking University. "But it is completely unsustainable that domestic prices are 30 to 50 per cent higher than import prices. It is a distortion of resource allocation and a disguised subsidy." For more on China's convoluted grain subsidies, see CER's in-depth report. "

[Popeye82]

Four banking regulators demoted, as finance sector crackdown continues - CER/R - Nov 24, 2015
www.chinaeconomicreview.com/node/68022
www.reuters.com/article/2015/11/23/china-corruption-demotion…

"The party's Central Commission for Discipline Inspection has demoted four bank regulators, Reuters reported.

Wang Yanyou, party secretary at the China Banking Association and former department head at the China Banking Regulatory Commission (CBRC), was removed for concealing his wife had become a US citizen and for attending conferences without approval; Jiang Fengli, former head of the CBRC in Nanyang, Henan province was demoted for irregular staff appointments and taking cash gifts from CBRC staff at his daughter's wedding; two other regulators working at the CBRC's office in Liaoning province were demoted for gambling and irregular staff promotions, respectively. "

[Popeye82]

Pro-establishment camp takes 298 seats in Hong Kong district council elections - CER/HKFP,HONG KONG - Nov 24, 2015
www.chinaeconomicreview.com/node/68020
www.hongkongfp.com/2015/11/23/pan-democrats-win-112-out-of-4…
www.hongkongfp.com/2015/11/23/possible-vote-rigging-in-hong-…

"Results were mixed in the first Hong Kong district councilor election since the anti-government protests of 2014, with pro-establishment groups taking 298 seats and pan-democrat parties winning 112 seats, Hong Kong Free Press reported.

While eight pan-democrat seats went to young candidates representing parties that had emerged from last year's Umbrella Movement, the coalition failed to win a majority on even one district council. Pro-democracy parties who had exposed a lead water scandal won only one seat in the constituencies where major affected public housing estates were located. Local media also highlighted multiple instances of elderly voters being shuttled to polling stations, raising concerns over potential vote rigging. "

[Oberkassel]

Citigroup, in its report, listed the 15 top picks for Chinese stocks in 2016, all of which were rated at Buy:

Stock/ Target Price (HK$)
GREATWALL MOTOR (02333.HK) -0.200 (-2.041%) Short selling $22.56M; Ratio 34.338% / 14.5
LI NING (02331.HK) +0.020 (+0.473%) Short selling $125.80K; Ratio 1.672% / 5.3
MENGNIU DAIRY (02319.HK) +0.060 (+0.486%) Short selling $7.81M; Ratio 12.912% / 16.8
CHINA RES LAND (01109.HK) -0.450 (-1.974%) Short selling $9.14M; Ratio 5.462% / 30.3
PING AN (02318.HK) +0.150 (+0.339%) Short selling $205.08M; Ratio 40.007% / 71
SINOPHARM (01099.HK) -0.150 (-0.445%) Short selling $3.37M; Ratio 3.844% / 43
CHINA STATE CON (03311.HK) 0.000 (0.000%) Short selling $1.11M; Ratio 4.576% / 20
CSR TIMES ELEC (03898.HK) -1.150 (-2.302%) Short selling $244.95K; Ratio 0.367% / 65
CHINA EAST AIR (00670.HK) -0.010 (-0.235%) Short selling $204.66K; Ratio 2.531% / 6.7
TENCENT (00700.HK) +1.200 (+0.781%) Short selling $479.28M; Ratio 26.695% / 190
Alibaba (BABA.N)/ US$104
SUNNY OPTICAL (02382.HK) +0.700 (+4.000%) Short selling $7.85M; Ratio 23.654% / 21
CHINA MOBILE (00941.HK) -0.350 (-0.386%) Short selling $12.82M; Ratio 2.870% / 127
BJ ENT WATER (00371.HK) -0.110 (-1.852%) Short selling $2.70M; Ratio 8.615% / 7.5
CHINA POWER (02380.HK) -0.080 (-1.822%) Short selling $3.20M; Ratio 20.251% /5.8
(Quote is delayed for at least 15 mins.Short Selling Data as at 2015-12-03 12:25.)



Source: AAStocks Financial News Web Site: www.aastocks

Im Depot: Tencent
Wachtliste: Ping Insurance sowie AIA

Oberkassler

[Popeye82]

Antwort auf Beitrag Nr.: 51.228.804 von Oberkassel am 03.12.15 07:54:57

keine ahnug zu diesen firmen ehrlich gesagt-namen sage mir ein bisschen was. wenn man davon wählen müsste würde ich wahrscheinlich so in der richtung Tencent,,Alibaba,Sinopharm zuerst ansehen)


hast Du denn zu irgendeiner dieser Firmen eine nähere Beziehung/"zugang"?

[Popeye82]

China takes a big step forward, On Nov 30th the International Monetary Fund(IMF) announced that it would admit China's Renminbi currency, commonly known as the Yuan, to the select basket of reserve currencies that make up its Special Drawing Rights(SDR's)

www.europac.com/commentaries/china_takes_big_step_forward
www.mining.com/web/china-takes-a-big-step-forward/?utm_sourc…

"On November 30th the International Monetary Fund (IMF) announced that it would admit China's Renminbi currency, commonly known as the Yuan, to the select basket of reserve currencies that make up its Special Drawing Rights (SDR's). Having been stalled by U.S. influence for many years, the long-awaited IMF decision acknowledges the massive transfer of financial power from the old West to the new East. The move heralds an era of potentially great change with global implications for politics, economics and investments.

At the end of WWII, the U.S. and British governments persuaded the participants of the Breton Woods Agreement to accept the U.S. dollar as the world's international reserve currency and to simultaneously create the World Bank and the IMF. The aim was to establish a stable, global financial system and to encourage the recovery of international trade. In particular, the role of the IMF was to ensure a smooth flow of foreign exchange and to lend money, when needed, to sovereign nations experiencing temporary balance of payments problems.


For much of the postwar years, the structure succeeded. In the first decades following the War, the value of world trade grew so fast that the demand for currency threatened to outstrip the available amounts of gold and U.S. dollars. The IMF responded in 1969 by creating the Strategic Drawing Rights (SDR) as a supplementary international reserve asset for central banks. Each SDR was valued at 0.888671 grams of fine gold equivalent to one U.S. dollar. (Fact Sheet, SDR, IMF 11/30/15)

When the fixed exchange rate system established by Bretton Woods collapsed in the early 1970s and currencies were exchanged at floating rates, gold was dropped from the SDR's backing and replaced by a combination of the most widely-traded currencies, which became known as the 'SDR basket'.

Most recently, the basket was comprised of five international reserve currencies, including 41.90 percent U.S. dollars, 37.4 percent euros, 11.3 percent pound sterling and 9.4 percent yen. (Fact Sheet, SDR, IMF 11/30/15)

For much of the past ten years, China has sought to gain international recognition commensurate with her growing economic and political power. China lobbied hard for the inclusion of its Renminbi currency in the prestigious SDR basket. However, the U.S. used its 17 percent vote, along with its political influence among allies, to block China on the grounds that its reserves remained undisclosed and its currency was not freely convertible.

In response, China began to liberalize trading in its currency to allow foreign central banks to trade in its government bonds and to begin disclosing its hidden reserves. This was a major political step for the secretive Communist government and a crucial test of President Xi Jinping's efforts to transform the Chinese economy.

These moves were sufficient to gain allies for China in the IMF and admittance to the SDR basket. Referring to China's inclusion, Christine Lagarde, Managing Director of the IMF, has stated, "…It is also a recognition of the progress that the Chinese authorities have made in the past years in reforming China's monetary and financial systems…The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which, in turn will support the growth and stability of China and the global economy."(IMFSurvey Magazine, 12/1/15)

The new SDR basket will comprise 41.73 percent U.S. dollars, 30.93 percent euros, 10.92 percent Renminbi, 8.33 percent yen and 8.09 percent sterling (Fact Sheet, SDR, IMF 11/30/15). The percentages reflect just an initial recognition of the financial power accumulated in the new East.

Furthermore, China's Renminbi is the first currency of a non-U.S. ally to be admitted to the SDR basket. That alone heralds a new era for monetary affairs. On a parallel track, China has recently succeeded in launching the Asian Infrastructure Investment Bank, a Chinese led multi-billion dollar investment bank that would finance roads, bridges, and other infrastructure projects in the poorer regions of Asia. The bank was widely viewed as a means to counter America's influence in Asia. And while Washington opposed the project, Beijing managed to line up the support of 57 countries, including such key U.S. allies as Britain, Germany, Australia, and South Korea.

It is no secret that China wishes to become first among equals as a superpower. As part of this strategy, it is not unrealistic to assume that China's endgame will be to knock the U.S. dollar off its perch as the International Reserve Currency.

If successful, this could prove a devastating blow to the U.S. As the International Reserve Currency, almost all global commodities are traded in dollars. This confers upon the Federal Reserve the unique privileges of setting the stage for major international interest rates to suit U.S. economic cycles and of creating seemingly unlimited amounts of fiat money from thin air. Rather than yielding meekly to U.S. wishes, China can be expected gradually, but inexorably, to challenge the dollar's Reserve status and today's omnipotent influence of the Federal Reserve. It could herald also a revival of the role of precious metals in the global monetary system.

Even now, with its potential inclusion in the SDR basket, central banks and corporate treasurers will be considering further currency diversification into the Chinese Renminbi. Most likely, this rebalancing will involve selling of U.S. dollars and euros to buy Renminbi. This will be done both to balance risk and because, as China's economic might grows and the dollar's Reserve status is challenged, it is increasingly likely that more commodities will be priced in Renminbi.

It is unlikely that China will wish to upset international trade, and its own export machine, at a time of looming recession. However, over the long term, China may be expected to use its new found financial influence to erode the power of the U.S. dollar. As the world's largest producer, and rumored already to be the world's largest holder of gold, China may push progressively for the reintroduction of a gold link for the SDR, and eventually for its Renminbi, to boost international support for its acceptance as an increasingly credible substitute for the dollar as the world's International Reserve.

Should this happen, perhaps the most important floor supporting the dollar would evaporate, rendering the Federal Reserve unable to continue creating money at will and catapulting U.S. interest rates to levels that potentially could threaten a massive debt and even a currency crisis. Given the unprecedented $18.8 trillion level of U.S. Treasury debt and estimated $100 trillion-plus level of unfunded U.S. Government obligations, according to usdebtclock.org, this would be extremely damaging for the dollar and potentially to the U.S. economy.

The risks of devastation to world trade make it likely that this strategy will take considerable time to become manifest. In the meantime, China may be expected to use the implied threat judiciously to twist the arms of powerful nations.

Despite potentially serious domestic political problems and massive internal debt levels of some $28 trillion, according to McKinsey & Co., China has gained its place in the SDR basket. Only time will tell precisely how China will use this new-found influence. But it could spell the beginning of the end for America's monetary and even military dominance. Such developments could result in a revival of precious metals in monetary affairs. As debt then would become revalued rather than devalued by inflation, such a move could have considerable economic and political implications for national and private debtors in the U.S., Europe and the entire world.

By John Browne,



Read Original Here

John Browne is a Senior Economic Consultant to Euro Pacific Capital. Opinions expressed are those of the writer, and may or may not reflect those held by Euro Pacific Capital, or its CEO, Peter Schiff.

Subscribe to Euro Pacific's Weekly Digest: Receive all commentaries by Peter Schiff, John Browne, and other Euro Pacific commentators delivered to your inbox every Monday!

Order a copy of Peter Schiff's updated illustrated economic parable he co-wrote with his brother Andrew, How an Economy Grows and Why It Crashes – Collector's Edition, and save yourself 32%! "

[Popeye82]

UnionPay launches mobile payment app, to compete with Alibaba, Tencent - CER/PBoC/SCMP - Dec 14,2015
www.chinaeconomicreview.com/node/68101

"State-run bank-card monopoly China UnionPay has formally launched its own payment app, Quick Pass, in an attempt to compete with the online mobile payment services of Alibaba Group and Tencent, South China Morning Post reported, citing state media.

Data from the People's Bank of China showed 4.54 billion transactions were carried out in the third quarter, totaling RMB18.2 trillion (US$2.819 trillion), an increase of 350% and nearly double over the same period last year. Analysys, an internet data provider, said Alipay commanded 74% of the market in the second quarter, followed by Tenpay, with 13.2%. "

[Popeye82]

UAE +China agree, to establish US$10,000,000,000 investment fund - CER/BB/WAMNA - Dec , 2015
www.chinaeconomicreview.com/node/68105

"The United Arab Emirates and China have agreed to create a US$10 billion co-investment fund, Bloomberg reported, citing the UAE's state-run WAM news agency.

The new UAE-China Joint Investment Cooperation Fund will be managed by Mubadala Development Co., China Development Bank Capital and China's State Administration of Foreign Exchange. The agreement, signed by Crown Prince Sheikh Mohammed bin Zayed Al Nahyan during a visit to China, has the two sides providing equal funding for investments in conventional and renewable energy, infrastructure, technology and advanced manufacturing. After India, China is the UAE�s second largest trade partner. "

[Popeye82]

Baidu plans to deploy autonomous buses, within three years - CER/R - Dec , 2015
www.chinaeconomicreview.com/node/68104

"Chinese search giant and online services firm Baidu has announced plans for its new automobile unit to put self-driving buses on Chinese roads within three years and mass-produce them within five years, Reuters reported, citing a spokesman for the company.

The new unit also hopes to mass-produce autonomous passenger vehicles within five years as part of a partnership with BMW. The Baidu spokesman declined to give details on potential automaker partners for the bus project or investment amounts for the new unit. Rival Alibaba Group Holdings recently announced plans to launch its first car in collaboration with state-owned SAIC Motor Corp. "

[Popeye82]

China arms makers break, into industry's global top ten - CER/WSJ/SIPRI - Dec 15, 2015
www.chinaeconomicreview.com/node/68103

"State-owned China North Industries and Aviation Industries have joined the ranks of the world's ten largest defense firms, The Wall Street Journal reported, citing a report by the Stockholm International Peace Research Institute.

With revenues at arms makers like Lockheed Martin and Boeing shrinking in recent years, double-digit expansion of China's military budget has allowed mainland suppliers to grow faster than the industry average. "China feels it is a power that has to beef up its military muscle," said Siemon Wezeman, a senior researcher at the institute, whose annual rankings are watched closely by the industry and policymakers. "

[Popeye82]

South China Morning Post sale to Alibaba raises coverage concerns - CER/SCMP/NYT - Dec 14, 2015
www.chinaeconomicreview.com/node/68100

"Alibaba Group has confirmed it will purchase the Hong Kong-based English-language newspaper South China Morning Post, raising questions about whether the outlet can maintain editorial independence with a mainland company in control, The New York Times reported.

But while the paper still carries cachet in Hong Kong, its newsroom has suffered multiple staff exoduses as its editorial focus outside of business and financial coverage has grown increasingly erratic. An unnamed journalist at the Post noted to the Times that even before the sale to Alibaba there was a tendency among editors at the paper to reject, shrink or underplay stories that might irk Beijing. "

[Popeye82]

Hong Kong exchange moves to block backdoor listings - CER/SCMP - Dec 22, 2015
www.chinaeconomicreview.com/hong-kong-exchange-moves-block-b…

"Hong Kong's stock exchange has issued new rules that bar companies whose assets are mostly or entirely cash from listing, effectively banning a common method of backdoor listing in the territory, South China Morning Post reported, citing a statement from chief regulatory officer David Graham.

The bourse's chief regulatory officer and head of listing, David Graham, said that the new guidance was needed in light of a surge in listed companies proposing large-scale fundraising rounds, which can lead to cash injections that allow the investors who buy the shares to take control of the issuers and invest the money into new businesses. "

[Popeye82]

Prosecutors in Shandong 1st, to sue environmental protection ministry - CER/R/SPP/cEPM, SHANGDONG - Dec 22, 2015
www.chinaeconomicreview.com/node/68129

"Prosecutors in Shandong have filed a lawsuit against a county department of China's environmental protection ministry, the country's first such public interest suit against a government department, Reuters reported, citing a statement on the website of the Supreme People's Procuratorate.

Prosecutors in Shandong's Qingyun county had investigated a local sewage firm over allegations that it lacked environmental protection facilities, according to China's top prosecutor, which said the department had imposed only nominal administrative punishments and committed "illegal acts". The work of environmental departments has come under greater scrutiny in China due to public discontent over the environment. "

[Popeye82]

Party leaders approve economic blueprint for 2016 - CER/WSJ/SM - Dec 22, 2015
www.chinaeconomicreview.com/node/68132

"Party officials have approved an economic blueprint for the year ahead that calls for reducing industrial capacity, selling off a huge stockpile of unsold homes, lowering business costs and mitigating financial risks, The Wall Street Journal reported, citing state media.

The plan was approved at a closed-door conclave led by President Xi Jinping this week, where the leadership discussed potential continued declines for growth rates, industrial output and employment followed by a long period of flat or even stagnant growth, according to one unnamed official cited by the Journal. "The economy will follow an L-shaped path, and it won’t be a V-shaped path going forward," the official said. "

[Popeye82]

Beijing pushes SOEs, to hire veterans, as it cuts 300,000 soldiers - CER/FT - Dec 30, 2015
www.chinaeconomicreview.com/node/68158

"Beijing will assess annually whether state-owned enterprises have met an existing requirement to reserve 5% of vacancies for former members of the People's Liberation Army as it also pushes ahead with a cut of 300,000 personnel from the armed forces in a drive to modernize China's military, The Financial Times reported, citing state media.

Song Zhongping, a Beijing-based expert on China’s military, said that while SOEs might find it difficult to take on the veterans at a time when they have been told themselves to cut staff and become more efficient, they would obey the party's instructions since this was a "political task". "

[Popeye82]

Reforms extend value-added tax, to four holdout sectors - CER/R - dec 30, 2015
http://in.reuters.com/article/us-china-tax-idINKBN0UB1382015…
www.chinaeconomicreview.com/node/68155

"China plans to levy a value-added tax on all industries in 2016, Reuters reported, citing state media. State news agency Xinhua cited Finance Minister Lou Jiwei as saying that the value-added tax will replace an existing business tax in four final remaining sectors: Finance, property, construction and consumer services.

The move comes amid a push by Beijing to reform China's tax system; since a value-added tax targets the difference between sales price minus cost of materials and other taxable inputs and is collected at the point of sale, it should be theoretically easier to collect than individual or corporate taxes. "

[Popeye82]

Technology ministry, Ping An Bank announce $30,000,000,000 electronics fund - CER/cMoI+IT/NYT - Jan 11, 2016
www.chinaeconomicreview.com/node/68201

"China's Ministry of Industry and Information Technology has announced it will partner with Ping An Bank via an industry group it controls to establish a US$30 billion fund to support the country's electronics industry, The New York Times reported, citing state media.

The signing ceremony was attended by representatives from representatives of major Chinese tech firms including Lenovo and Alibaba. Official accounts did not explain how exactly the money would be invested, but the language used to announce the fund's debut echoed that of another fund announced in 2014 and intended to provide financing and enable acquisitions by the country's semiconductor industry. "

[Popeye82]

Thousands rally in Hong Kong, to demand whereabouts of missing publishers - CER/BB - Jan 11, 2016
www.chinaeconomicreview.com/node/68200

"Thousands rallied in Hong Kong on Sunday to call on officials to disclose more information on the whereabouts of five men who published and sold books critical of party's central leadership, Bloomberg reported.

The most recent vanishing was that of publisher Lee Bo, followed by a fax days later claiming he was cooperating with authorities in China on an investigation despite not having taken his travel documents with him and having previously stated he would avoid travel to the mainland. Authorities have not disclosed whether Lee is on the mainland, confirmation of which would lend credence to growing concerns over erosion of the territory's rule of law. "

[Popeye82]

PBOC notes suggest slow going, for interest rate liberalization in China - CER/SCMP/PBoC - Jan 11, 2016
www.chinaeconomicreview.com/node/68198

"Last week saw three essays by department heads at the People's Bank of China highlight the central bank's focus on replacing its old lending cap with a new policy benchmark interest rate, suggesting China is still grappling with the transition away from frequent open-market operations it has historically used to implement monetary policies, South China Morning Post reported.

Analyst reaction was mixed, with Chen Xingdong, China chief economist at BNP Paribas, suggesting that "China’s banks’ pricing power against corporates are still relatively low. You can’t get a man to run after having him tied up for years." "

[Popeye82]

Four Chinese labor activists arrested, after record year for worker protests - CER/R - Jan 11, 2016
www.chinaeconomicreview.com/node/68199

"Authorities have arrested four labor activists who were helping campaign for workers' legal rights, Reuters reported, citing lawyers for two of the activists.

Zeng Feiyang, one of China's most prominent labor activists, was charged with "disturbing social order", as were activists Meng Han and Zhu Xiaomei. He Xiaobo was arrested on a charge of embezzlement, according to China Labor Watch. Police in Guangzhou detained seven labor activists in December, two of whom have since been released. The number of known strikes in China surged to a record 2,774 in 2015--double the previous year, according to Hong Kong-based advocacy group China Labour Bulletin. "

[Popeye82]

Agricultural Bank of China employees accused, of taking RMB3.800,000,000 in scam - CER/C/ABoC - Jan 25, 2016
www.chinaeconomicreview.com/node/68256

"Police are investigating two employees at Agricultural Bank of China who allegedly ran a scam that lost the bank RMB3.9 billion (US$593.6 million), Caixin reported, citing unnamed sources and subsequently backed up by an exchange filing from the bank.

The two were detained on suspicion of having stolen billions in bills of exchange from the bank, then selling them for cash that was then mostly used to buy stocks--much of which may have been wiped out during June's stock market rout. A source close to the bank's Beijing branch said investigators found the safe used to keep the stolen bills was filled with newspapers. "

[Popeye82]

New policies point to continued migrant discrimination, in China's largest cities - CER/SCMP - Jan 25, 2016
www.chinaeconomicreview.com/node/68255

"Shanghai's local government will attempt to limit the municipality's population to 25 million using more stringent restrictions on official migration, South China Morning Post reported, citing its mayor, Yang Xiong.

The draft version of Shanghai's new five-year plan to 2020 did not elaborate on the policies that would be adopted. Meanwhile an announcement by Premier Li Keqiang reported by state media that the central government would end restrictions on official migration for university graduates, skilled workers and students returning from overseas except for in "very few mega cities" appears to reinforce the current program of discouraging migrants from attempting to settle in China's most economically attractive areas. "

[Popeye82]

lang,
link2

Director of China's National Bureau of Statistics probed, for corruption - CER/FT/cCCfDI - Jan 27,2016
www.chinaeconomicreview.com/node/68266
www.chinaeconomicreview.com/exclusive-monthly-data-detail-ch…

"Wang Baoan, director of China's National Bureau of Statistics, is being probed by the party's disciplinary arm on suspicion of corruption, The Financial Times reported, citing a statement from the Central Commission for Discipline Inspection released shortly after Wang had told reporters at a press conference that the "long-term fundamentals of the Chinese economy are improving."

Wang first rose through the ranks of China's finance ministry, where he became a deputy minister before his short tenure at the statistics bureau. For more on China's ongoing anti-corruption campaign, read CER's in-depth report. "

[Popeye82]

Shanghai under fire, for plan to compensate venture capital firms for losses - CER/C - Jan 27, 2016
www.chinaeconomicreview.com/node/68264

"Professional investors are criticizing a plan by Shanghai's municipal government to compensate venture capital firms for their losses to encourage innovation, Caixin reported.

Startin in February, firms that have invested in high-tech startups in Shanghai since the beginning of 2015 can apply for compensation if their investment loses money. "A fundamental principle of the market economy is the match between risk and return," said Andrew Yan, managing partner at SAIF Partners. "VC investments are extremely risky and limited to only a very few people and institutions. The negative consequences of using public money to compensate investment losses will be unimaginable." "

[Popeye82]

Hong Kong-China trade figures suggest exports covering capital flight - CER/WSJ - Jan 27, 2016
www.chinaeconomicreview.com/node/68265

"December saw a drastic mismatch between exports to Hong Kong as reported by the territory and the mainland customs administration, with the former reporting a rise of 0.9% as the latter claimed growth of 64.5%, The Wall Street Journal reported.

"This is very consistent with the idea that people are using trade accounts to get money out of China," said Cliff Tan, head of global markets research at Bank of Tokyo-Mitsubishi UFJ. "This is a very time-honored system in developing countries, you over-invoice imports and under-invoice exports to get money out of the country." "

[Popeye82]

Shanghai benchmark stock index falls to 13-month low - CER/BB - Jan 27, 2016
www.chinaeconomicreview.com/node/68263

"The Shanghai Composite Index fell 6.4% to 2749.79 on Tuesday - its lowest level in 13 months - as share prices in all industry groups plummeted, Bloomberg reported.

The fall was the steepest since January 7, when the benchmark index plunged 7%, the second selloff of more than 6% in a week that prompted the government to cancel its new circuit-breaker program after four days. Thomas Schroeder, the managing director of Chart Partners Group who predicted in October that an apparent rebound in Chinese stocks wouldn�t last, predicted the benchmark index will drop to 2400. "

[Popeye82]

China to end price support policy for domestic grain crops - CER/FT/P'sD - Jan 27, 2016
www.chinaeconomicreview.com/node/68267

"China's government will end price supports for the country's grain prices, allowing them instead to be set by the market, The Financial Times reported, citing comments in the party newspaper People's Daily by Chen Xiwen, deputy director of the Communist party�s Central Rural Work Leading Group.

"The price will be decided by the market and will no longer play the role of subsidizing farmers," Chen told the party mouthpiece. The purchasing price enforced by Beijing has driven up domestic prices for corn, wheat and other grains far above international levels, leading to a severe and growing oversupply and depressing international prices. "

[Popeye82]

PBOC said to take further undisclosed measures, to restrict capital outflows - CER/PBoC/WSJ - Jan 28, 2016
www.chinaeconomicreview.com/node/68274

"The People's Bank of China is moving to further curb capital outflows by restricting the ability of foreign firms to repatriate earnings, banning yuan-based funds for overseas investments and shrinking the amount of yuan available for Hong Kong banks to use for making loans--often without publicly disclosing said measures, The Wall Street Journal reported, citing a variety of unnamed sources.

"They�re sparing no effort to prevent capital outflows," said a senior Chinese banking executive close to the central bank. �All the measures are the most aggressive I�ve seen in recent history." "

[Popeye82]

China's annual industrial profits FALL FOR THE FIRST TIME SINCE 2000 - CER/SCMP/cNBoS - Jan 28, 2016
www.chinaeconomicreview.com/node/68270

"Industrial profits in China fell by 2.3% in 2015 following growth of 3.3% the previous year, marking the first annual decline since 2000, South China Morning Post reported, citing data from the National Bureau of Statistics.

December industrial profits fell 4.7% from the same period last year, sharpening from a fall of 1.4% in November. Data from the bureau showed that 12 out of 41 industrial categories saw profits decline last year, including a 74.5% drop in oil and gas exploration, a 70% fall in the non-ferrous metal sector and a 65% decline in coal mining as chronic overcapacity and falling demand combined to produce heavy deflationary pressure. "

[Popeye82]

More than half of China's population went online in 2015 - CER/TiA/CINIC - Jan 28, 2016

www.chinaeconomicreview.com/node/68273
www.techinasia.com/more-than-half-of-china-population-is-onl…

"The number of Internet users in China reached 688 million in 2015, meaning that about 50.3% of the country's population is now online, Tech In Asia reported, citing new figures from the China Internet Network Information Center.

Mobile web users rose to 620 million, accounting for 90.1% of all web users and marking a record high. The figures showed mainland Internet users had nearly doubled in number over the past six years, while the number of people also or exclusively going online via mobile phone has more than doubled since 2010 thanks to a boom in cheap, domestically manufactured smartphones. "

[Popeye82]

Antwort auf Beitrag Nr.: 51.603.685 von Popeye82 am 28.01.16 18:12:01

[Popeye82]

Construction halted on two nuclear plants, in Guangdong, on safety concerns - CER/SCMP - Jan 28, 2016
www.chinaeconomicreview.com/node/68272

"A white paper issued by the central government acknowledged that China's nuclear emergency response system was inadequate and stated construction had been halted at two new nuclear reactors in Guangdong province due to safety concerns, South China Morning Post reported.

The white paper on nuclear emergency response capabilities noted that the national system "still has certain inadequacies in terms of technology, equipment, human resources, capacity and standards." French nuclear safety authorities reported last year that a possible manufacturing defect at one plant under construction in Taishan, Guangdong could lead to unexpected spreading of cracks on the reactor vessel where nuclear chain reactions occur. "

[Popeye82]

Antwort auf Beitrag Nr.: 51.603.277 von Popeye82 am 28.01.16 17:31:42

Hong Kong banks see ANNUAL PROFITS FALL FOR FIRST TIME SINCE 2008 - CER/SCMP/HKMA - Feb 1, 2016
www.chinaeconomicreview.com/node/68285

"Hong Kong's banks saw pre-tax profit drop 2.8% on average in 2015 thanks to growing bad debt, narrower interest rate margins and lower loan demand, South China Morning Post reported, citing the Hong Kong Monetary Authority.

Profits for the territory's banking sector had grown an average 3.7% in 2014, and last year's figure marks the first drop since the more than 30% nosedive brought on by the global financial crisis in 2008. Total loans grew 3.5% in 2015, down from 12.7% the year before, while the proportion of bad and doubtful loans grew to 0.65% as of September's end, with the figure for such loans to mainland-related firms higher still, at 0.77%. "

[Popeye82]

Cap said to be planned for insurance purchases in Hong Kong, via UnionPay - CER/BB - Feb 3,2016
www.chinaeconomicreview.com/node/68292

"Chinese consumers using UnionPay debit and credit cards to buy insurance products will have such purchases capped at US$5,000 per transaction effective February 4 as regulators attempt to close loopholes enabling capital outflows, Bloomberg reported, citing unnamed sources.

Many mainlanders have been buying insurance in Hong Kong, where the currency is officially pegged to the US dollar, as a way to skirt increasingly strict controls on how much capital can be moved abroad. Purchases of insurance policies by mainland visitors to the territory reached HK$21.1 billion (US$2.7 billion) last year through September, following a 64% growth 2014, according Hong Kong's industry regulator. "

[Popeye82]

Central bank cuts minimum down payment for 1st-time home buyers to 20% - CER/SCMP/PBoC - Feb 3, 2016
www.chinaeconomicreview.com/node/68293

"The People's Bank of China has announced that the minimum down payment for first-time home buyers will be lowered to 20% from 25%, while home buyers with an existing mortgage need only to provide a deposit of 30%, down from 40%, South China Morning Post reported.

The decision was made "in order to support home buying and to prop up the stable growth of the property market," the central bank said. The relaxation does not include cities with home purchase restrictionssuch as Beijing, Shanghai, Shenzhen and Guangzhou, where already high prices are expected to continue growing due to strong demand. "

[Popeye82]

ChemChina in talks to buy Syngenta, for $43,000,000,000, sources say - CER/WSJ/CNC - Feb 3, 2016
www.chinaeconomicreview.com/node/68291

"State-owned China National Chemical Corp., or ChemChina, is negotiating to buy agribusiness giant Syngenta for about US$43 billion in what would be the largest foreign acquisition by a mainland company, The Wall Street Journal reported, citing unnamed sources.

Completing the purchase of the Swiss firm would entail a gauntlet of regulatory scrutiny in both Europe and the US for ChemChina, with North America currently accounting for nearly a quarter of Syngenta's sales; it is the top seller of pesticide in terms of revenue in the US, in addition to selling an estimated 10% of soybean seeds and 6% of corn there. "

[Popeye82]

Bacteria-hopping gene found in China could enable worldwide antibiotic resistance - CER/TH/CID - Nov 19, 2015
www.chinaeconomicreview.com/node/68006
www.chinaeconomicreview.com/growth-addiction

"Scientists in China have discovered that a gene enabling resistance to the sole remaining fully functioning class of antibiotics, colistin, is widespread in bacteria carried by both pigs and people in southern China--and can be transferred from one strain of bacteria to another, The Guardian reported, citing the journal Lancet Infectious Diseases.

China is one of the world’s largest producers and users of colistin for agricultural and veterinary use, stoking greater resistance. "Although resistance to this important and widely used polymyxin group of antibiotics has previously been shown, it was generally caused by mutation in individual organisms," said Nigel Brown, president of the Microbiology Society. For more on bacterial resistance in China, see CER's in-depth report. "

[Popeye82]

Corporate debt in China rises to 160%, of GDP - CER/WSJ - Feb 25, 2016
www.chinaeconomicreview.com/node/68329

"Corporate debt in China accounted for 160% of gross domestic product in 2015, up from 98% in 2008, The Wall Street Journal reported, citing figures from Standard & Poor's Ratings Services.

Outstanding corporate bonds in China jumped 25% to RMB14.6 trillion (US$2.2 trillion), according to central bank data. Policy directing investment into corporate bonds, which can be substantially cheaper for borrowers than benchmark loans, is part of a government push to have firms bear more direct risk in the face of rising bad loan rates at many mainland banks. Around 70% of the surge in bonds last year went to the already debt-ridden sectors of real estate and construction. "

[Popeye82]

Antwort auf Beitrag Nr.: 51.836.512 von Popeye82 am 25.02.16 16:24:41

PBOC grants many foreign financial firms free access to China bond market - CER/BB/PBoC - Feb 25, 2016
www.bloomberg.com/news/articles/2016-02-24/china-opens-bond-…
www.chinaeconomicreview.com/node/68328

"The People's Bank of China has announced that most types of overseas financial institutions will be able to invest freely in China's interbank bond market without the need for quotas, Bloomberg reported, citing a statement on the central bank's website.

The market, which accounts for the vast majority of China's debt, will now be open to commercial lenders, insurance companies, securities firms and asset managers, though hedge funds were not included. "Many foreign investors will be interested in coming onshore as China�s bond yields are higher compared with other nations," said Iris Pang, a senior economist for Greater China at Natixis SA. "

[Popeye82]

Value of China's trust industry grew to nearly $2.5tn, in 2015 - CER/C/CTA - Feb 25, 2016
www.chinaeconomicreview.com/node/68327

"Assets under management by China's trust companies had grown to RMB16.3 trillion (US$2.495 trillion) by the end of 2015, up by 16% year on year, Caixin reported, citing data published by the China Trustee Association.

Total industry profits were up by 17% to RMB75 billion, though the sector saw its first contraction in at least five years during the third quarter before rallying in the fourth. Regulators have technically banned non-bank lending, but default risks still exist in the industry. Caixin quoted one unnamed expert as suggesting that cases in which trust products appeared on the verge of default were "the tip of the iceberg". "

[Popeye82]

Caixin flash PMI halted, due to statistics bureau objections, sources say - CER/NYT - Feb 26, 2016
www.chinaeconomicreview.com/node/68332

"The sudden halt in September of the manufacturing flash Markit/Caixin purchasing managers index, an early estimate of sector activity released ahead of the finalized figure, may have been due to government pressure,

The New York Times reported, citing unnamed sources. The flash PMI - which typically arrived a few days ahead of both the official PMI from the National Bureau of Statistics and Caixin's own gauge - often affected markets, leading the statistics bureau to object to the early release. The gauge's end came amid other moves clamping down on independent financial news and analysis in China as the country deals with an economic slowdown. "

[Popeye82]

China, US agree on new North Korea sanctions - CER/FT - Feb 26, 2016
www.chinaeconomicreview.com/node/68334

"China and the US have agreed on a UN resolution placing further sanctions on North Korea after seven weeks of debate, The Financial Times reported.

The new legislation will give the US Treasury the power to sanction individuals trading in large quantities of metals with North Korean entities linked to the Worker�s party or illicit activities. "That scope covers a substantial swath of potential North Korean trading partners and therefore could be used to target a number of affiliated Chinese businessmen," said Andrea Berger of UK think-tank the Royal United Services Institute. "

[Popeye82]

China’s ‘zombie enterprises’ to cut 5,000,000 jobs, as Moody’s downgrades outlook - ERBB - Mar 2, 2016

www.eurasianbusinessbriefing.com/25074-2/

"China’s ‘zombie enterprises‘ are to lose between five and six million workers over the next two to three years as part of efforts to curb industrial overcapacity and pollution, two sources with ties to the country’s leadership said this week, as Moody’s announced that it was downgrading its outlook for the Chinese economy from ‘stable’ to ‘negative’.



The government’s plans to lay off five million workers in industries suffering from a supply glut would be the country’s boldest retrenchment programme in almost two decades, one source said, and reflects growing concerns about the economy’s health, highlighted by Moody’s downward revision.

“Without credible and efficient reforms, China’s GDP growth would slow more markedly as a high debt burden dampens business investment and demographics turn increasingly unfavourable. Government debt would increase more sharply than we currently expect,” Moody’s said in a note today.

The downgrade was driven by expectations that China’s fiscal strength will continue to decline and the fall in its foreign exchange reserves which have shrunk by $762 billion over the last 18 months, the agency went on to explain, adding that policymakers’ credibility was at risk of being undermined by incomplete implementation or partial reversals of some reforms."

[Popeye82]

PBOC official defends China's foreign exchange reserves figure - CER/FT/PBoC - Mar 7, 2016
www.chinaeconomicreview.com/node/68367

"People's Bank of China Deputy Governor Yi Gang told journalists at a Sunday press conference that China's foreign exchange reserves were comprised only of highly liquid assets, The Financial Times reported.

Skeptics claim the headline total of reserves exaggerates the resources available to support the yuan, suggesting that the total includes illiquid assets such as foreign real estate and private-equity investments that cannot be readily deployed in currency markets. Yi asserted otherwise at the press conference: "I can clearly tell everyone here, those assets that don't meet liquidity standards are entirely deducted from official foreign exchange reserves". "

[Popeye82]

Li Keqiang announces target growth range of 6,5-7%, for 2016 - CER/BB - Mar 7, 2016
www.chinaeconomicreview.com/node/68366

"Premier Li Keqiang announced an annual national growth goal of 6.5-7% for 2016 on Saturday at the National People's Congress in Beijing, the first range since 1996, Bloomberg reported.

The government has also dropped its annual trade target, while the Ministry of Finance said China's fiscal deficit was slated to increase to 3% of gross domestic product in 2016, up from 2.3% in 2015, while money supply will rise by 13%, up from a 12% goal last year. Li's work report was released at the same time as the 2016 budget, the 2016-2020 Five-Year Plan and a new report from the National Development and Reform Commission. "

[Popeye82]

China February exports see biggest fall. since 2009 - CER/cGAoC/TG - Mar 9, 2016
www.theguardian.com/business/2016/mar/08/mining-shares-fall-…
www.chinaeconomicreview.com/node/68375

"China's February exports fell by 25.4% year on year, the worst performance since May 2009, while imports were down by 13.8% for the period, The Guardian reported, citing data from the General Administration of Customs.

With external demand weakening, China posted a trade surplus of $32.59bn for the month, down from $63.29bn in January. The trade figures were far worse than economists had expected, with analysts polled by Reuters predicting that exports would decline by just 12.5% and imports by 10%. However, imports of crude oil hit a record high of 31.8 tons, up 19% from the previous month. "

[Popeye82]

China's government-backed venture funds raised RMB1.5tn in 2015 - CER/BB/P/Z2IPOG - Mar 9, 2016

www.bloomberg.com/news/articles/2016-03-08/china-state-backe…
www.chinaeconomicreview.com/chinas-government-backed-venture…

"Government-backed venture capital funds in China raised roughly RMB1.5 trillion (US$231 billion) in 2015, bringing the total under management to RMB2.2 trillion, Bloomberg reported, citing data compiled by consultancy Zero2IPO Group.

Consultancy firm Preqin said the pool of money - housed in 780 government guidance funds whose capital comes from tax revenue or state-backed loans - was five times the sum raised by other venture capital firms last year and represented the world's largest pot of money for startups. Gary Rieschel, founder of Qiming Venture Partners, said the influx of cash raises the possibility of a boom-and-bust cycle like the government-led investment in China’s solar and wind power sectors."

[Popeye82]

PBOC to allow banks to swap bad debt for equity, sources say - CER/PBoC/R - Mar 11, 2016
www.reuters.com/article/us-china-banks-npls-exclusive-idUSKC…
www.chinaeconomicreview.com/node/68389

"The People's Bank of China is preparing to allow commercial banks to swap non-performing loans to companies for equity stakes in those firms, Reuters reported, citing two unnamed sources.

"Such a rule change SHOWS BANKS BAD LOANS HAVE RISEN TO SUCH A LEVEL THAT THIS ISSUE HAS TO BE TACKLED NOW BEFORE IT'S TOOLATE," said Wu Kan, head of equity trading at investment firm Shanshan Finance. The sources said the new regulations would receive special approval from the State Council, avoiding the need to revise China's commercial bank law, which forbids banks from investing in non-financial institutions. "

[Popeye82]

Finance minister's proposal draws heated criticism, online - CER/FT - Mar 11, 2016
www.chinaeconomicreview.com/node/68388

"Finance Minister Lou Jiwei is facing fierce criticism online for proposing changes to a labor law that would favor businesses at the expense of employees, The Financial Times reported.

"An employee may not work hard and the law makes it difficult for the employer to deal with it by, for example, firing him or her," Lou said on Monday. "That prevents another prospective employee from taking the position." Lou had concluded that making it easier to fire workers would benefit the workers: "Who eventually bears the costs? The working class who the law was intended to protect". "

[Popeye82]

Antwort auf Beitrag Nr.: 51.912.129 von Popeye82 am 05.03.16 19:34:28

Local governments protest Beijing's plan to deal with overcapacity - CER/FT - Mar 11, 2016
www.chinaeconomicreview.com/local-governments-protest-beijin…

"Local governments are voicing complaints over a central government plan to deal with industrial overcapacity in China, The Financial Times reported.

Beijing is proposing an RMB100 billion (US$15 billion) fund to retrain workers who lose their jobs in the course of industry cuts, but the plan requires local governments to foot some of the bill. But revenue in many of the localities where layoffs are most likely will be hit hardest by cuts to coal, oil or steel production, and regions with a large contingent of inefficient state-owned enterprises are now demanding a greater share of the plan be covered by the central government. "

[desma]

Ich hoffe mal ich darf, ohne zu fragen, einen dazwischen stellen.

China zerstreut Sorgen vor weiterer Abwertung des Yuan

Sa, 12.03.16 11:34
Peking (dpa) - Chinas Zentralbankchef Zhou Xiaochuan hat Sorgen vor einer weiteren Abwertung der chinesischen Währung zerstreut. Der Yuan befinde sich nach einer Phase von Schwankungen wieder auf einem «normalen und angemessenen» Niveau.
Das sagte er am Rande der Jahrestagung des Nationalen Volkskongresses in Peking. «Dieser Trend wird sich fortsetzen.»
Seit vergangenem Jahr war die Währung gegenüber dem US-Dollar um mehr als fünf Prozent gefallen, hatte sich aber in den vergangenen Wochen wieder etwas erholt. Wegen der schwächeren wirtschaftlichen Entwicklung in China waren viele Investoren zuletzt pessimistisch gegenüber dem Yuan eingestellt und wetteten auf einen weiteren Verfall der Währung.
Ihr Kalkül: Weil Chinas Wirtschaft so langsam wächst wie seit 25 Jahren nicht mehr und der Außenhandel des Landes zunehmend schwächelt, bleibt Peking mittelfristig keine andere Wahl, als den Yuan stark abzuwerten, um gegenüber anderen Ländern wettbewerbsfähig zu bleiben.

Mit Milliardensummen aus den gewaltigen Devisenreserven des Landes versucht Peking seit Monaten, den Abwärtstrend zu stoppen. Allein in den vergangenen drei Monaten schmolzen diese Reserven um rund 236 Milliarden Dollar (212 Mrd Euro) auf nun noch 3,2 Billionen Dollar - den niedrigsten Stand seit 2011.

Der Notenbankchef betonte, dass China trotz eines schwächeren Außenhandels keine Abwertung des Yuan anstrebe. Erst am Dienstag hatte die Zollverwaltung in Peking mitgeteilt, dass Chinas Exporte im Februar im Vergleich zum Februar des Vorjahres um 20,6 Prozent zurückgegangen sind - so stark wie seit sieben Jahren nicht mehr.

Die Ausfuhren des Landes seien laut Zentralbankchef Zhou Xiaochuan zwar rückläufig. Da sich die gesamte Weltwirtschaft schwach entwickelt habe, hätten chinesische Unternehmen ihren Anteil am Welthandel im vergangenen Jahr aber sogar noch ausbauen können.

Optimistisch äußerte sich Zhou Xiaochuan zu den Wachstumsplänen, die im neuen Fünf-Jahres-Plan der Regierung verankert sind. Die Ziele könnten voraussichtlich ohne «großen Stimulus» der Zentralbank erreicht werden.

Nachdem Chinas Wirtschaft im vergangenen Jahr mit einem Plus von 6,9 Prozent so langsam wuchs wie seit 25 Jahren nicht mehr, soll das durchschnittliche Wachstum laut Regierungschef Li Keqiang in den nächsten fünf Jahren mindestens noch 6,5 Prozent betragen. Statt weiter die «Werkbank der Welt» zu sein, sollen die Unternehmen des Landes innovativer werden. Außerdem soll durch einen stärkeren Dienstleistungssektor der Binnenkonsum angekurbelt werden. Viele Experten halten es allerdings für unwahrscheinlich, dass Peking dieser Umbau reibungslos gelingen wird.

Im Kampf gegen die Turbulenzen an den Börsen des Landes stellte China derweil weitere Reformen in Aussicht. «Wir brauchen mehr Transparenz an den Märkten», sagte Liu Shiyu, Vorsitzender der chinesischen Börsenaufsicht. «Wir können die Interessen von Investoren nur schützen, wenn wir die Entwicklung des Marktes vorantreiben.» Der chinesische Aktienmarkt sei zu «unreif», weshalb die Regulierung der Märkte verstärkt werden müsse. Chinas Aktienmarkt war seit Mitte 2015 um rund 40 Prozent eingebrochen. Viele Beobachter machten ein schlechtes Krisenmanagement der Behörden mitverantwortlich für den Kursrutsch.

Quelle: dpa-AFX

[Popeye82]

Antwort auf Beitrag Nr.: 51.968.388 von desma am 13.03.16 10:17:30

einfach rein

[Popeye82]

Antwort auf Beitrag Nr.: 51.968.388 von desma am 13.03.16 10:17:30

I know, you know

[Popeye82]

China Hongqiao to expand output, in the face of massive overcapacity - CER/SCMP - Mar 15, 2016
www.chinaeconomicreview.com/node/68397

"Top global producer of aluminum China Hongqiao plans to spend as much as RMB15 billion raising annual capacity by 15% in 2016 despite rampant overcapacity in the industry, South China Morning Post reported.

The firm has insisted its expansion is feasible because it owns power plants and upstream materials production facilities that lower its production costs. But Hongqiao posted a 31.3% drop in net profit to RMB3.65 billion yuan for last year resulting from a 10% decline in average aluminum prices in China and sharply higher finance costs. 22.2% growth in revenue and a 39 per cent rise in sales volume to 4.12 million tons was not enough to offset the price drop."

[Popeye82]

Labor protests on the rise, as China's economy slows - CER/NYT/CLB - Mar 15, 2016
www.nytimes.com/2016/03/15/world/asia/china-labor-strike-pro…
www.chinaeconomicreview.com/node/68400

"Labor protests in China are on the rise, with more than 500 protests in January alone after more than 2,700 strikes and protests were recorded last year, The New York Times reported, citing data from labor rights group China Labour Bulletin.

Protests in have been most pronounced in manufacturing and construction industries. Last week, hundreds if not thousands of angry employees of the biggest coal firm in northeastern China, state-owned Longmay Mining Group, staged one of the most provocative protests over unpaid salaries yet, denouncing Heilongjiang's provincial governor as he and other senior leaders gathered for an annual meeting of the country's rubber-stamp legislature in Beijing."

[Popeye82]

Almost 95% of Hong Kong's foreign domestic workers likely exploited - CER/HKFP/JCHK, HONG KONG - Mar 16, 2016

www.hongkongfp.com/2016/03/15/almost-95-of-foreign-domestic-…
www.chinaeconomicreview.com/node/68402

"94.6% of 1,000 foreign domestic workers surveyed in Hong Kong showed strong signs of being exploited by employers, with one in six having been forced into labor, Hong Kong Free Press reported, citing a new study by Justice Centre Hong Kong, a non-governmental organization.

The center's survey of domestic workers from eight countries estimated that around 50,000 of Hong Kong's 336,000 domestic workers were being forced into labor, and 14% of those doing forced labor having been trafficked into it. "Hong Kong must come clean and acknowledge these problems; it can no longer afford to simply sweep them under the carpet," said Piya Muqit, the center's executive director."

[Popeye82]

PBOC said to draft rules for tax on foreign-exchange transactions - CER/BB/PBoC - Mar 16, 2016
www.chinaeconomicreview.com/node/68406

"The People's Bank of China has drafted rules for a tax on foreign-exchange transactions, Bloomberg reported, citing unnamed sources.

The initial rate of the tax, meant to help curb currency speculation, may be kept at zero to allow time for refining the new levy's implementation. The sources also claimed that the tax was not designed to disrupt hedging and other foreign-exchange transactions. "These measures can’t guarantee volatility in the market will come down since it’s difficult to identify if currency trading is down to speculation or the genuine need of companies hedging their foreign-exchange exposure," said Tommy Ong, managing director for treasury and markets at DBS Hong Kong. "

[Popeye82]

PBOC governor warns China's corporate debt too high - CER/FT/PBoC - Mar 21, 2016
www.chinaeconomicreview.com/node/68426

"Zhou Xiaochuan, governor of the People's Bank of China, has cautioned that corporate debt levels are too high, The Financial Times reported, citing comments given at a meeting with business leaders in Beijing.

"Lending and other debt as a share of GDP, especially corporate lending and other debt as a share of GDP, is on the high side," Zhou said, adding that highly leveraged economies were more vulnerable to macroeconomic risk. The Bank for International Settlements has warned that a recent spike in corporate and private debt in emerging markets was "eerily reminiscent" of the financial boom in advanced economies ahead of the global financial crisis. "

[Popeye82]

China's new home prices rise in Feb, thanks to surging big-city prices - CER/R/GD - Mar 21, 2016
www.reuters.com/article/us-china-property-homeprices-idUSKCN…
www.chinaeconomicreview.com/china%E2%80%99s-residential-prop…
www.chinaeconomicreview.com/node/68425

"Average new home prices in China rose 3.6% year on year in February, accelerating from January's rise of 2.5% thanks to a surge in property prices in first-tier cities, Reuters reported.

"The government�s all-out encouragement of housing sales seems to be working, but at the cost of surging prices in big cities," said Rosealea Yao, an economist at research firm Gavekal Dragonomics. Prices in Shenzhen, Shanghai and Beijing surged 56.9%, 20.6% and 12.9%, respectively as prices in most third-tier cities saw annualized prices drop in February, though declines did ease from January. For more on China's divergent property markets, see CER's in-depth report. "

[Popeye82]

Facebook's Zuckerberg meets with China propaganda chief - CER/TAP/X - Mar 21, 2016
www.theguardian.com/world/2016/mar/20/facebooks-mark-zuckerb…
www.chinaeconomicreview.com/node/68423

"Facebook chief executive and founder Mark Zuckerberg met with China's propaganda chief Liu Yunshan at the weekend, The Associated Press reported, citing state media.

According to state news service Xinhua, Liu told Zuckerberg he hoped Facebook could share its experience with Chinese firms to help "Internet development better benefit the people of all countries". The meeting is the latest in a string of thus far fruitless efforts by Zuckerberg to get access to China's hundreds of millions of Internet users, and comes on the heels of the Facebook founder's recent, highly publicized jog through Tiananmen Square while air pollution in Beijing stood at 15 times recommended levels. "

[Popeye82]

Median payment collection time for sales in China rises to 83 days - CER/BB - Mar 22, 2016
www.bloomberg.com/news/articles/2016-03-20/china-has-a-590-b…
www.chinaeconomicreview.com/median-payment-collection-time-s…

"Mainland Chinese firms now take a median 83 days to receive payment from sales, up from 55 days in 2010 and well above the 44-day median for firms included in the MSCI Emerging Markets Index, Bloomberg reported, citing calculations based on financial statements.

Industrial firms took the longest - 131 days - to convert sales to cash; tech firms took 120; telecommunications companies took 118. With economic strain growing along with cash shortages among weaker firms, Chen Xingdong, chief China economist at BNP Paribas, said he expected another two years of delayed payments as mainland firms struggle to set better terms for customers. "

[Popeye82]

China Makes 'Unprecedented Commitment to CleanTech Investment', China committed to keep energy consumption within 5,000,000,000 tonnes of standard coal equivalent, by '20, according to a draft of its new five-year plan, +will invest $440,000,000,000, annually, in green energy and - ctIQ/R/BNEF/cFRI, SCRC/cNBoS/WSJ/CD - Mar 15, 2016

http://cleantechiq.com/2016/03/china-makes-unprecedented-com…
www.wsj.com/articles/china-includes-green-cap-in-economic-bl…
www.chinadaily.com.cn/bizchina/2016-03/04/content_23746462.h…
http://mobile.reuters.com/article/idUSKCN0W703V

"China committed to keep energy consumption within 5 billion tonnes of standard coal equivalent by 2020, according to a draft of its new five-year plan published on March 5.

It’s the first time that the country has put a cap on energy consumption in a five year plan, reflecting the importance China is placing on cleaning up its environment, says the Wall Street Journal. China also aims to cut carbon intensity – the amount of emissions per unit of GDP growth – by 18 percent over the same period. Additionally, its water resources will be monitored by a national system, and a national cap-and-trade system will be launched in 2017.

According to China’s Financial Research Institute at the State Council’s Research Center, the country needs $440 billion of investment annually in the next five years to support its green energy ambitions, says China Daily.



Total energy consumption was 4.3 billion tonnes of standard coal in 2015, up 0.9 percent from the previous year, according to the most recent data from the National Bureau of Statistics. Coal consumption in China fell 2.2 percent in 2015 as a result of stricter pollution controls as well as a downturn in demand, says Reuters.

China was the world’s largest clean energy investor in 2015, increasing its investment by 17 percent to $110 billion, according to BNEF. It broke records in both wind and solar in 2015, installing 32.5 GW of wind and 18.3 GW of solar, according to the National Bureau of Statistics.

Renewable energy is now a mainstream part of China’s energy mix, driven by “quality concerns, climate concerns, and locked in by historical deal with the U.S. last year, moving to 20 percent of zero-carbon electricity by 2020,” says Michael Liebreich, chairman of BNEF. "

[Popeye82]

China industrial profits grow fastest since 2014 - CER/FT - Mar 28, 2016
www.chinaeconomicreview.com/china-industrial-profits-grow-fa…

"Profits at Chinese industrial companies have risen at their fastest pace in more than 18 months, in a sign that stimulus measures are helping to cushion the slowdown in China’s manufacturing sector, reported the Financial Times.

China’s economy grew at its weakest pace in 25 years last year. The factory sector has been the hardest hit as rampant excess capacity and weak demand have led to price declines. Official data released on Sunday showed industrial profits rose 4.8 per cent in January and February compared to a year earlier and in contrast to a fall of 4.7 per cent in December. "

[Popeye82]

Antwort auf Beitrag Nr.: 52.058.084 von Popeye82 am 25.03.16 06:02:48

China pushes for MANDATORY integration of renewable power - CER/R - Mar 29, 2016
www.chinaeconomicreview.com/node/68456

"China has ordered power transmission companies to provide grid connectivity for all renewable power generation sources and end a bottleneck that has left a large amount of clean power idle, the country's energy regulator said on Monday, reported Reuters.

The grid companies have been ordered to plug in all renewable power sources that comply with their technical standards, the National Energy Administration (NEA) said. China has become the world's biggest wind and solar power user, but a large amount of renewable power has not been able to reach the grid because transmission capabilities are lagging generating capacity by around three to five years."

[Popeye82]

China to establish first overseas military base in Africa - CER/FT - Apr 1, 2016
www.chinaeconomicreview.com/node/68471

"China is set to install “a few thousand” troops and staff at its first ever overseas military base, reads a report in the Financial Times, the first permanent overseas deployment by Chinese armed forces.

The new naval facility will sit in the same city as America’s sprawling African military headquarters in Djibouti, where the US has a 4,500-strong base. The move underscores concerns that China is making a policy shift to assert itself as a global military power. Djibouti occupies a vital strategic position at the southern entrance to the Red Sea from the Indian Ocean, with 30 per cent of the world’s shipping passing close by. "

[Popeye82]

China factory gauge rises, with stimulus - CER/BB - Apr 1, 2016
www.bloomberg.com/news/articles/2016-04-01/china-factory-gau…
www.chinaeconomicreview.com/node/68473

"China’s official factory gauge showed improving conditions for the first time in eight months, suggesting the government’s fiscal and monetary stimulus may be kicking in.

According to Bloomberg, the manufacturing purchasing managers index rose to 50.2 in March, compared with a median estimate of 49.4 in a Bloomberg News survey of economists. The measure hasn’t been higher since November 2014. The non-manufacturing PMI rose to 53.8 from 52.7 in February. Top officials at the National People’s Congress last month unveiled a record fiscal deficit and pledged to accelerate restructuring of bloated state-owned industries to meet their 6.5 percent to 7 percent expansion target for this year. "

[Popeye82]

Bad banks grow, as defaults MULTIPLY - CER/FT - Ap r1, 2016
www.chinaeconomicreview.com/node/68475

"As China’s economy slows and defaults rise, bad loan managers are quietly buying toxic debt so it does not poison the broader financial system, the Financial Times reports.

Yet questions remain about whether these bad banks are savvy investors in distressed assets or conduits for a backdoor bailout of state banks. Investors widely suspect that the banks’ practice of “extend and pretend” explains why the country’s official non-performing loan ratio remains modest at 1.67 per cent. Total assets at the big four state-owned asset management companies surged from Rmb345bn to Rmb1.73tn between 2011 and 2014. Most is concentrated in industries such as steel, coal and real estate. "

[Popeye82]

China details plans for state workers facing unemployment - CER/WSJ - Apr 18, 2016
www.chinaeconomicreview.com/node/68532

"China gave details of plans to help workers laid off from the bloated coal and steel industries, saying assistance would include career counseling, early retirement and help in starting businesses, among other measures.

The Wall Street Journal reported on new guidelines released by seven Chinese ministries over the weekend build on previously announced commitments to restructure the coal and steel industries, whose excess production is dragging on the economy, and to take care of an estimated 1.8 million workers who will be displaced. Beijing is taking a cautious approach, prompting some economists to caution that the protracted pace may make the situation worse. "

[Popeye82]

IMF warns of China corporate debt risks - CER/WSJ/IMF - Jun 13, 2016
www.chinaeconomicreview.com/node/68728

"Soaring corporate debt is a serious and worsening problem in China that needs to be tackled quickly if Beijing wants to avoid potential systemic risk to itself and the global economy, a senior International Monetary Fund official warned, according to The Wall Street Journal.

While China’s total debt of around 225% of gross domestic product isn’t particularly high by global standards, its corporate debt at approximately 145% of GDP is high by any measure, the multilateral lending agency said. A defining characteristic of China’s mounting liability problem is its state-owned enterprises, which by IMF calculations account for around 55% of corporate debt but only produce 22% of economic output. "

[Popeye82]

RMB currency marketplace to open, in London, New York - CER/CFETScCB/R - Jun 13, 2016
www.chinaeconomicreview.com/node/68726

"China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan's global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China's central bank, said in a statement that by expanding its network offshore, it aims to serve more overseas institutions and become a "main trading platform and pricing center" for the yuan globally.

According to Reuters, China has been gradually loosening its capital controls to allow more foreign participation in its onshore yuan market. Beijing is also fostering offshore yuan centers to promote international use of the Chinese currency. "

[Popeye82]

Antwort auf Beitrag Nr.: 52.615.850 von Popeye82 am 14.06.16 20:08:38

China signals new bankruptcy rules on the way - CER/cCB/SCMP - Jun 13, 2016
www.chinaeconomicreview.com/node/68725

"Mainland authorities have signaled they are ready to accept the threat of volatility from financial institutions going bankrupt, with official calls for an orderly way to let failed players go bust. Central bank deputy governor Zhang Tao said on Sunday that ensuring the stability of the financial sector did not mean protecting every institution against failure, the South China Morning Post reports.

Beijing is trying to shake the long-held public perception that financial institutions like banks and insurers are backed and endorsed by the state and therefore unlikely to go bust. As part of those efforts, Beijing had to launch a deposit insurance program, a credit information system and exit mechanism for financial institutions. "

[Popeye82]

Yen so stark wie zuletzt im August 2014 -Notenbank hält still

www.wallstreet-online.de/nachricht/8687834-devisen-yen-stark…

"FRANKFURT (dpa-AFX) - Die abwartende Haltung der japanischen Notenbank hat am Donnerstag den Wert des Yen stark nach oben getrieben. Zum US-Dollar war die japanische Währung so wertvoll wie seit August 2014 nicht mehr. Ein Dollar kostete zuletzt 103,55 Yen. Auch zum Euro gewann der Yen deutlich an Wert. Hier war die Währung sogar so stark wie seit Januar 2013 nicht mehr. Ein Euro kostete 116,92 Yen.

Grund für den Wertzuwachs beim Yen war, dass die japanische Notenbank am Donnerstag ihre Geldpolitik nicht weiter gelockert hatte. Der Leitzins blieb unverändert bei minus 0,1 Prozent. Mehrheitlich hatten Experten zwar damit gerechnet. Einige Ökonomen hatten aber auch eine weitere Absenkung des Leitzinses auf bis zu minus 0,4 Prozent erwartet.

Das Wertpapierkaufprogramm wurde am Donnerstag ebenfalls unverändert gelassen und nicht aufgestockt. In Marktkreisen wird nun damit gerechnet, dass die japanische Notenbank die geldpolitischen Zügel bei ihrer Sitzung im Juli weiter lockern wird./tos/jkr/stb "

[Popeye82]

Household fuels exceed power plants +cars as source of smog in Beijing

www.enn.com/top_stories/article/49685

"Beijing and surrounding areas of China often suffer from choking smog. The Chinese government has made commitments to improving air quality and has achieved notable results in reducing emissions from the power and transportation sectors. However, new research indicates that the government could achieve dramatic air quality improvements with more attention on an overlooked source of outdoor pollution -- residential cooking and heating.

"Coal and other dirty solid fuels are frequently used in homes for cooking and heating," said Denise Mauzerall, a professor of civil and environmental engineering and public and international affairs at Princeton University. "Because these emissions are essentially uncontrolled they emit a disproportionately large amount of air pollutants which contribute substantially to smog in Beijing and surrounding regions."



Households account for about 18 percent of total energy use in the Beijing region but produce 50 percent of black carbon emissions and 69 percent of organic carbon emissions, according to a research team from institutions including Princeton, the University of California Berkeley, Peking University and Tsinghua University. In the Beijing area, households contribute more pollutants in the form of small soot particles (which are particularly hazardous to human health) than the transportation sector and power plants combined; in the winter heating season, households also contribute more small particles than do industrial sources.

The researchers said the high levels of air pollutant emissions are due to the use of coal and other dirty fuels in small stoves and heaters that lack the pollution controls in place in power plants, vehicles and at some factories. ...


Continue reading at EurekAlert!

Satellite Image: Smog over Beijing via NASA "

[Popeye82]

Bloomberg: RMB headed for worst quarter on record - CER/BB - Jun 30, 2016
www.chinaeconomicreview.com/node/68802

"The yuan�s worst quarterly performance on record is raising the risk of capital flight, according to Bloomberg.

China�s currency has slumped 2.9% the end of March, the most since the nation unified the official and market rates at the start of 1994, to trade near its lowest level in five years. Losses deepened after the U.K.�s vote to secede from the European Union led to a jump in the dollar and dented the outlook for Chinese exports. After turmoil in its currency and stock markets in the past year shook investor confidence, China stopped granting quotas for residents to invest overseas and clamped down on illegal fund transfers to restrain capital outflows. "

[Popeye82]

Schlechte Stimmung verdüstert Chinas Wachstumsaussichten
www.wallstreet-online.de/nachricht/8730472-korrektur-roundup…

(Korrigiert wird ein Schreibfehler im letzten Satz, zweiter Absatz und ferner korrigiert wird, dass unterhalb rpt unterhalb der Grenze von 50 Punkten von Kontraktion auszugehen ist.)


"PEKING (dpa-AFX) - Die Stimmung in der chinesischen Wirtschaft hat sich spürbar verschlechtert. Der vom Wirtschaftsmagazin "Caixin" ermittelte Einkaufsmanagerindex für das herstellende Gewerbe fiel im Juni so schnell wie seit vier Monaten nicht mehr auf 48,6 Punkte, wie das Blatt am Freitag berichtete. Es war mit einem Minus von 0,6 Punkten gegenüber dem Vormonat der dritte monatliche Rückgang in Folge. Analysten hatten größtenteils nicht mit einem Rückgang gerechnet. Die Daten deuten laut Experten darauf hin, dass das Wachstum der zweitgrößten Volkswirtschaft im zweiten Quartal zurückgehen wird.

Auch der offizielle Einkaufsmanagerindex des Statistikamtes und Logistikverbandes, der stärker staatliche Unternehmen berücksichtigt, war rückläufig. Er fiel zwar nur leicht um 0,1 auf 50,0 Punkte, doch war es der schwächste Stand seit Februar. Unterhalb der kritischen Grenze von 50 ist beim Einkaufsmanagerindex von einer Kontraktion der Produktionstätigkeit auszugehen, darüber von einer Expansion.



"Insgesamt sind die wirtschaftlichen Bedingungen im zweiten Quartal deutlich schwächer als im ersten Quartal, was bedeutet, dass der Abwärtsdruck nicht nachgelassen hat", sagte der Ökonom Zhong Zhengsheng von der CEBM-Forschungsgruppe. "Vor dem Hintergrund eines turbulenten externen Umfelds und um einen starken Abschwung zu vermeiden, muss die Regierung ihre proaktive Haushaltspolitik stärken, während eine umsichtige Geldpolitik verfolgt wird."

Die Stimmung in den Chefetagen chinesischer Unternehmen zeigt nach Einschätzung der australischen ANZ Bank, dass China im zweiten Quartal weniger als die 6,7 Prozent Wachstum von Januar bis März erreichen wird. Anlageinvestitionen und Einzelhandelsumsätze seien im Juni zurückgegangen. Auch das Wachstum der Industrieproduktion sei gebremst. Der Dienstleistungsbereich werde den Abschwung der alten Wachstumstreiber nicht auffangen können, so dass wohl nur 6,5 Prozent Wachstum erreicht werden, meinten die ANZ-Experten.

Das Votum der Briten für einen Ausstieg aus der Europäischen Union stelle ein neues Risiko für die Nachfrage aus dem Ausland und eine Herausforderung für das herstellende Gewerbe in China in der zweiten Hälfte des Jahres dar, heißt es in der Analyse. Chinas Regierung plant für dieses Jahr ein Wachstum von 6,5 bis 7 Prozent. Im vergangenen Jahr ist die chinesische Wirtschaft mit 6,9 Prozent so langsam wie seit 25 Jahren nicht mehr gewachsen./lw/DP/zb/fbr "

[Popeye82]

Alibaba to compete , in smart cars - CER/BB - Jul 7, 2016
video ------> www.bloomberg.com/news/articles/2016-07-06/jack-ma-s-answer-…
www.chinaeconomicreview.com/node/68826

"Billionaire Jack Ma is taking the challenge to Apple Inc. and Google by pushing Alibaba Group Holding Ltd. into the car business, joining the global battle to control the automobile dashboard.

According to Bloomberg, the Chinese e-commerce company’s YunOS operating system, which connects phones, tablets and smart watches, is now on its way into car dashboards, touch screens and advanced rear-view mirrors. Alibaba showcased its OS’Car technology in an SAIC Motor Corp. Roewe RX5 SUV model -- starting price 148,800 yuan ($22,000) – that allows drivers to book a parking space, order a coffee and pay for it all using the company’s Alipay system. "

[Popeye82]

China's most polluted province to clean up act - CER/R, HEBEI - Jul 7, 2016
www.chinaeconomicreview.com/chinas-most-polluted-province-cl…

"Northern China's Hebei, home to seven of the country's 10 smoggiest cities, has pledged to double up its efforts to tackle hazardous pollution following an environment ministry report accusing the province of failing to rein in law-breaking industries, Reuters reports.

Hebei, which surrounds the capital Beijing and is responsible for about a quarter of China's total steel output, is one of the front lines in a "war on pollution" designed to head off growing public disquiet about the environmental impact of three decades of untrammelled industrial growth. In May, the Ministry of Environmental Protection (MEP) said steelmakers and coal-fired power generators in Hebei were violating state guidelines by continuing to expand, while some local firms were also involved in "fraudulent practices" aimed at circumventing pollution rules. "

[Popeye82]

It only takes a spark to get a fire going


"...increasing tensions in the South China Sea are presented. Obviously, this issue is getting increasingly heated. The chances of a mistake being made have grown tremendously.

China is basically looking to establish a no-fly zone over all these disputed territories and then including the air space right up to the Philippines. Right after China had declared the air space between China and Taiwan a no-fly zone, Taiwan "accidentally" fired a missile towards China. By mistake? Really?

Yesterday, an US analyst had this to say about the important decision that is expected to come down today:

"China appears to be weakening at this time - economically and politically - and the best way to not appear weak is to double down on the nationalist front, or as we say ´the best defense is a good offense´, and with this in mind China may opt to do something tangible in light of the ruling expected tomorrow."

The number of incidents have risen exponentially in the last few years to where there is an international incident about once a week between China and somebody else, whether it is Japan, Taiwan, the Philippines etc. And for all of these countries, the United States is mandated through treaties to protect these countries against any foreign aggression. Thus, any action taken by China may need to be addressed by the US. "

[Popeye82]

G-20: Overcapacity has damaged global trade - CER/WSJ/G-20 - Jul 12, 2016
www.chinaeconomicreview.com/node/68844

"Excess industrial-production capacity is a global issue that has depressed international commerce and harmed workers, trade ministers from the Group of 20 industrial and developing nations said Sunday after meeting in China, The Wall Street Journal reports.

The declaration cast a spotlight on China�s influence as the world�s largest exporter of manufactured goods such as steel. The Shanghai meeting sought to address what the host, Chinese Minister of Commerce Gao Hucheng, called a �very sluggish recovery� marked by growing protectionism, reduced foreign direct investment and other signs of fragmentation in the global trading system that together risk making 2016 the fifth-straight year that international commerce lags behind global growth."

[Popeye82]

Hague set to rule, on South China Sea - CER/R - Jul 12, 2016
www.chinaeconomicreview.com/node/68843

"Reuters reports an arbitration court in The Hague will rule on Tuesday in a dispute about the South China Sea in which the Philippines is challenging China's right to exploit resources across vast swathes of the strategic territory.

China has boycotted the hearings at the Permanent Court of Arbitration, saying it does not have jurisdiction to decide on the matter. The ruling stands to further ramp up tensions in the region, where China's increased military assertiveness has spread concern among its smaller neighbors and is a point of confrontation with the United States. The United States and China regularly conduct military exercises in the area, which is of vital interest to both Beijing and Washington, and have accused each other of provocations as recently as last month. "

[Popeye82]

China's port volume growth @seven-year low - CER/WSJ/A - Jul 14, 2016
www.chinaeconomicreview.com/node/68853

"Cargo volumes through China’s ports grew at the slowest pace in seven years in the first half of 2016, according to an industry report that showed the country’s trade slump hitting its biggest gateways. The Wall Street Journal reports China port container volumes rose 2.5% in the January-June period from a year ago, research group Alphaliner said in a report this week, and the ports of Shanghai and Shenzhen—China’s two biggest sites for imports and exports—both saw container traffic decline 1%.

The sluggish business at China’s main gateways comes as the country’s trade downturn is accelerating. The China General Administration of Customs reported Wednesday that China’s exports, which have long been a central piece of the global economy, declined 4.8% in May while imports fell 8.4%."

[Popeye82]

Chinese private investment slows in face of state banks - CER/C - Jul 19, 2016
www.chinaeconomicreview.com/node/68863

"The collapse in private investment growth in China, a phenomenon that has caused significant concern within the central government, has been brought about by a fundamental shift in the dynamics of the country's money supply, according to Caixin.

For many years, inflows of forex through the country's current account from a boom in exports were one of the major contributors to the domestic money supply, but is now through new loans to investment projects. Private investment increased by only 2.8% YoY in the first half of 2016, the slowest pace on record – 2015 full-year growth was 10.1%. In spite of the slump, private investment still accounts for the majority of overall fixed-asset investment – more than 61% of the total in the first half of this year. "

[Popeye82]

Chinese Investment In U.S. Hits Record High, Of $18,400,000l,000, In 1st Half Of 2016

www.forbes.com/sites/ellensheng/2016/07/25/chinese-investmen…

[Popeye82]

www.forbes.com/sites/wadeshepard/2016/07/29/transportation-a…

[Popeye82]

Trial debt/equity swaps expected in steel, coal firms - CER/C/CBRC - Aug 9, 2016
www.chinaeconomicreview.com/node/68942

"China's banking regulator has signaled that steel and coal firms struggling to repay debt may be the testing ground for debt-for-equity swaps, Caixin reports.


According to a document from the China Banking Regulatory Commission (CBRC), asset management companies (AMCs) owned by the central and local governments are encouraged to participate in the swaps scheme by investing in the so-called "backbone enterprises" that produce coal or make steel products. China has four national AMCs all of which were established in 1999 to help state-owned banks dispose of their bad loans before they went public. From May 2012 to July, local governments have created 27 smaller AMCs, which are modeled on the national ones but focus on regional issues with fewer investment options. "

[Popeye82]

2nd Chinese shipbuilder defaults, this year - CER/BB - Aug 9, 2016
www.chinaeconomicreview.com/node/68943

"Wuhan Guoyu Logistics Industry Group Co., based in Hubei, defaulted on a bond payment to the Shanghai Clearing House, according to a statement Monday. The firm issued the 400 million yuan ($60 million) of one-year bonds at 7% in 2015.


Chinese companies are struggling with record debt payments in the second half as Premier Li Keqiang seeks to cut overcapacity with the economy growing at the slowest pace in a quarter century. At least 18 local yuan bonds have now defaulted this year, exceeding the seven for all of 2015. The shipbuilder said on Aug. 1 it may not be able to repay the notes because of a capital shortage. The company also has 200 million yuan of securities due on Oct. 28, according to Bloomberg data. Another shipbuilder Evergreen Holding Group Co. defaulted in May. "

[Popeye82]

New Silk Road drives Chinese FDI spike - CER/FT - Aug 9, 2016
www.chinaeconomicreview.com/node/68944

"Beijing’s ambition of reviving trade along the ancient Silk Road is rapidly opening up new markets to Chinese investors looking for opportunities away from their slowing domestic economy, according to the Financial Times.


Chinese investors announced 315 greenfield investments with a combined value of $75.9bn across Belt and Road countries in the 18 months to June 2016, twice as much as in the previous 18 months, according to figures from greenfield investment monitor fDi Markets. In the same period, Chinese investment in other countries fell by nearly 29% to $36.5bn. Overall, 56% of Chinese ODI has ended up in Belt and Road countries since Mr Xi’s speech at Nazarbayev University in Astana, Kazakhstan in September 2013. "

[Popeye82]

[Popeye82]

China launches 'hack-proof' communications satellite, China on Tue launched the world's 1st quantum satellite, which will help it establish "hack-proof" communications, between space +the ground, state media said, the latest advance in an ambitious space program; program is a priority, as President Xi Jinping has urged China to establish itself as a space power, +apart from its civilian ambitions, it has tested anti-satellite missiles
www.reuters.com/article/us-china-space-satellite-idUSKCN10R0…

"China on Tuesday launched the world's first quantum satellite, which will help it establish "hack-proof" communications between space and the ground, state media said, the latest advance in an ambitious space program.

The program is a priority as President Xi Jinping has urged China to establish itself as a space power, and apart from its civilian ambitions, it has tested anti-satellite missiles.

The Quantum Experiments at Space Scale, or QUESS, satellite, was launched from the Jiuquan Satellite Launch Centre in the remote northwestern province of Gansu in the early hours of Tuesday, the official Xinhua news agency said.

"In its two-year mission, QUESS is designed to establish 'hack-proof' quantum communications by transmitting uncrackable keys from space to the ground," it said.



"Quantum communication boasts ultra-high security as a quantum photon can neither be separated nor duplicated ," it added. "It is hence impossible to wiretap, intercept or crack the information transmitted through it ."

The satellite will enable secure communications between Beijing and Urumqi, Xinhua said, referring to the capital of China's violence-prone far western region of Xinjiang, where the government says it is battling an Islamist insurgency.

"The newly-launched satellite marks a transition in China's role - from a follower in classic information technology development to one of the leaders guiding future achievements ," Pan Jianwei, the project's chief scientist, told the agency.

Quantum communications holds "enormous prospects" in the field of defense, it added.

China insists its space program is for peaceful purposes, but the U.S. Defense Department has highlighted its increasing space capabilities, saying it was pursuing activities aimed to prevent adversaries from using space-based assets in a crisis.


(Reporting by Ben Blanchard; Editing by Clarence Fernandez) "

[Popeye82]

Iran supports China's Belt +Road Initiative: official - CD.com.cn/X, THERAN - Sep 4, 2016
www.chinadaily.com.cn/bizchina/2016-09/04/content_26692970.h…

"Iran supports China's Belt and Road Initiatives as the revival of an ancient network of trade routes connecting the east to the west, a senior Iranian official said Saturday.

Ali Akbar Velayati, Head of the Strategic Research Center of Iran's Expediency Council, said Iran will play a crucial role in the new Silk Road plan, with its southeastern port city of Chabahar as a crucial juncture linking land routes to shipping lanes.



Iran and China have been enhancing efforts in recent months to boost cooperation in various areas, he said.

The Belt and Road Initiatives, proposed by Chinese President Xi Jinping in 2013, refers to building a Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes. "

[Popeye82]

Offshore RMB borrowing rate surge implies intervention - CER/WSJ - Sep 13, 2016
www.chinaeconomicreview.com/node/69079

"The most vibrant market for yuan trading outside mainland China has turned into a key battleground for Beijing to defend the Chinese currency. Suspected intervention by Chinese banks in what's known as Hong Kong's "offshore" market has led to a surge in the cost for banks in the territory to borrow yuan from each other, The Wall Street Journal reports.

Investors and analysts believe the intervention – which they say has likely come at the behest of China's central bank – is aimed at thwarting bets against the Chinese currency, also known as the renminbi. On Monday, the overnight interbank yuan borrowing rate in Hong Kong reached 5.5155%, its highest since Feb. 19. The rate breached 5% on Thursday, ending a nearly two-month stretch of relative calm."

[Popeye82]

Tibet cloud seeding proposed, to solve water shortage - CER/SCMP, TIBET - Sep 13, 2016
www.chinaeconomicreview.com/node/69076

"A group of scientists are proposing cloud seeding on a massive scale on the Tibetan plateau to create more rain to flow into rivers in China's arid north, the South China Morning Post reports.

Other researchers, however, have cast doubts on the project saying it is likely to be doomed to failure. Intensive cloud seeding in the skies above Tibet and the neighboring region could create more than five billion cubic meters of water a year in rain to flow ultimately into the Yellow River, according to a feasibility study funded by the Qinghai provincial government. That would amount to nearly twice Beijing's annual water consumption. Scientists likened the "Sky River" project as the atmospheric counterpart to the Yangtze River water diversion project. "

[Popeye82]

Evergrande to sell non-core businesses - CER/C - Sep 29, 2016
www.chinaeconomicreview.com/node/69130

"China's second-largest real estate developer said it has agreed to sell off its non-core businesses for a total 2.7 billion yuan ($404.8 million) to focus on property development.



China Evergrande Group said in a filling to the Hong Kong stock exchange on Wednesday that it plans to sell its grain and edible-oil unit for 600 million yuan, its dairy business for 300 million yuan and its bottled-water subsidiary for 1.8 billion yuan. The three businesses together had liabilities of about 3.3 billion yuan as of the end of August 31, Caixin reports. The property developer saw its profit for the first six months of this year fall 23% from the same period of 2015, weighed down by higher costs for selling homes and a huge debt load. "

[Popeye82]

Chinese companies in $5,200,000,000 healthcare acquisition spree - CER/BB - Sep 29, 2016
www.chinaeconomicreview.com/node/69131

"Chinese companies have announced more than $5.2 billion of overseas health-care acquisitions this year, according to data compiled by Bloomberg, a fifteen-fold jump from 2012.



Among the most prominent deals, Humanwell Healthcare Group, a Chinese maker of anesthetics and contraceptives, bought US-based generic drug maker Epic Pharma for $550 million. Shanghai Fosun Pharmaceutical Group, backed by Chinese billionaire Guo Guangchang, agreed to buy Indian drugmaker Gland Pharma for about $1.3 billion, gaining drug factories that supply to the US. Chinese drugmakers still face challenges making global deals because they are up against larger international rivals. Many are still unknown entities overseas and must prove to sellers that they have the financial wherewithal to close the deal. "

[Popeye82]

Ethiopia to open $4,000,000,000 Chinese-built raiway - CER/WSJ - Sep 29, 2016
www.wsj.com/articles/ethiopia-set-to-gain-transport-lifeline…
www.chinaeconomicreview.com/node/69132

"Construction of a Chinese-funded electric railway, linking Ethiopia's capital along its main trading route to neighboring Djibouti, has been completed, providing the African nation with much-needed improved rail access to a seaport, The Wall Street Journal reports.



The $4 billion project, implemented by China Railway Engineering Corp. and China Civil Engineering Construction Corp. will be commissioned next month. The government is pinning its hopes on the freight and passenger transportation project, which was started three years ago, to boost robust economic growth that has outstripped regional peers in recent years. Driven by cash-crop fueled agriculture and a growing urban population, Ethiopia posted average economic growth of 9.8% a year during the first half of this decade. The landlocked nation close has closely followed China's economic and political model."

[Popeye82]

Beijing talks tough in face of Tillerson island comments - CER/SCMP - Jan 13, 2017
www.chinaeconomicreview.com/node/69479

"Chinese analysts said on Thursday that the US cannot follow through on secretary of state nominee Rex Tillerson's suggestion to block Chinese access to its artificial ­islands in the South China Sea, the South China Morning Post reports.



Any attempt would prompt China to step up its military build-up, they added. In his confirmation hearing before the US Senate Foreign Relations Committee on Wednesday, Tillerson said China's "illegal" building of islands and installation of military assets was "akin to Russia's taking Crimea" from Ukraine. He said, "access to those islands also is not going to be allowed." But Yuan Zheng, a researcher at the Chinese Academy of Social Sciences' Institute of American Studies, said he did not think the US would dare to go through with Tillerson's suggestion. "The South China Sea is not under the US sphere of ­influence. It's China's territorial waters," Yuan said. "

[Popeye82]

China credit growth faster than expected - CER/BB - Jann 13, 2017
www.chinaeconomicreview.com/node/69478
www.bloomberg.com/news/articles/2017-01-12/china-credit-expa…

"China's broadest measure of new credit expanded faster than expected, bringing the total of new loans extended last year to roughly equal the size of Italy's $1.8 trillion economy.



Aggregate financing remained robust at 1.63 trillion RMB ($236 billion) in December, compared with a median estimate of 1.3 trillion RMB in a Bloomberg survey and 1.74 trillion RMB the prior month. New RMB loans stood at 1.04 trillion RMB, exceeding all 37 estimates in the survey. The broad M2 money supply increased 11.3% from a year earlier after climbing 11.4% in November. The rapid pace of lending is at odds with recent pledges by policy makers to curb excessive borrowing and reduce risk in the financial system. The economy ended 2016 on a strong note as producer prices rebounded, factory activity stabilized and corporate profit recovered."

[Popeye82]

China raises tariffs on US animal feed - CER/C - Jan 13, 2017
www.chinaeconomicreview.com/node/69477

"China started levying hefty anti-dumping and anti-subsidy tariffs on Thursday on US corn products used as animal feed in the latest development in a slew of trade disputes between the world's two largest economies, according to Caixin.



Punitive tariffs on US-made dried distillers grains with soluables (DDGS) have been raised to 42.2% to 53.7%, up from the original de facto 33.8% tax that the ministry imposed in September, the Ministry of Commerce said Wednesday. The government held proceeds from the taxes as a "deposit" until the final ruling. The ministry announced its final ruling in an investigation that had been prompted by complaints from local suppliers in November 2015. Chinese companies had said corn subsidies in the US were indirectly benefiting US suppliers of DDGS, allowing them to flood the Chinese market."

[Popeye82]

China, Russia agree on more 'countermeasures' against U.S. anti-missile system: Xinhua

www.reuters.com/article/us-northkorea-nuclear-china-russia-i…

"China and Russia have agreed to take further unspecified "countermeasures" in response to a U.S. plan to deploy an anti-missile system in South Korea, state news agency Xinhua reported on Friday.

The countermeasures "will be aimed at safeguarding interests of China and Russia and the strategic balance in the region", Xinhua said, citing a statement released after a China-Russia security meeting.



China and Russia held a joint anti-missile drill last May after Washington and Seoul began discussions over installing the U.S. Terminal High Altitude Area Defense (THAAD) system to counter any North Korean threats.

THAAD is now due to be deployed on a South Korean golf course, unsettling Moscow and Beijing, which worry that the system's powerful radar will compromise their security and do nothing to lower tensions on the Korean peninsula.

China and Russia said in October they would hold a second drill this year.

"China and Russia urged the United States and South Korea to address their security concerns and stop the deployment of THAAD on the Korean Peninsula," Xinhua quoted the statement as saying.

North Korea's drive to develop nuclear weapons capability has angered China, Pyongyang's sole major diplomatic and economic supporter. However, Beijing fears THAAD and its radar have a range that would extend into China.

On Thursday, South Korea's trade minister said the South might complain to China about actions perceived to have been taken in retaliation for its decision to deploy the U.S. anti-missile system.

(Reporting by Brenda Goh; Editing by Paul Tait)"

[Popeye82]

China posts worst export fall since 2009, as fears of U.S. trade war loom

www.reuters.com/article/us-china-economy-trade-idUSKBN14X0FD

"China's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017.

In one week, China's leaders will see if President-elect Donald Trump makes good on a campaign pledge to brand Beijing a currency manipulator on his first day in office, and starts to follow up on a threat to slap high tariffs on Chinese goods.

Even if the Trump administration takes no concrete action immediately, analysts say the specter of deteriorating U.S.-China trade and political ties is likely to weigh on the confidence of exporters and investors worldwide.



The world's largest trading nation posted gloomy data on Friday, with 2016 exports falling 7.7 percent and imports down 5.5 percent. The export drop was the second annual decline in a row and the worst since the depths of the global crisis in 2009.

It will be tough for foreign trade to improve this year, especially if the inauguration of Trump and other major political changes limit the growth of China's exports due to greater protectionist measures, the country's customs agency said on Friday.

"The trend of anti-globalization is becoming increasingly evident, and China is the biggest victim of this trend," customs spokesman Huang Songping told reporters.

"We will pay close attention to foreign trade policy after Trump is inaugurated president,” Huang said. Trump will be sworn in on Jan. 20.

China's trade surplus with the United States was $366 billion in 2015, according to U.S. customs data, which Trump could seize on in a bid to bring Beijing to the negotiating table to press for concessions, economists at Bank of America Merrill Lynch said in a recent research note.

A sustained trade surplus of more than $20 billion against the United States is one of three criteria used by the U.S. Treasury to designate another country as a currency manipulator.

China is likely to point out that its own data showed the surplus fell to $250.79 billion in 2016 from $260.91 billion in 2015, but that may get short shrift in Washington.

"Our worry is that Trump’s stance towards China’s trade could bring about long-term structural weakness in China’s exports," economists at ANZ said in a note.

"Trump’s trade policy will likely motivate U.S. businesses to move their manufacturing facilities away from China, although the latter’s efforts in promoting high-end manufacturing may offset part of the loss."

On Wednesday, China may have set off a warning shot to the Trump administration. Beijing announced even higher anti-dumping duties on imports of certain animal feed from the United States than it proposed last year.

"Instead of caving in and trying to prepare voluntary export restraints like Japan did with their auto exports back in the 1980s, we believe China would start by strongly protesting against the labeling with the IMF, but not to initiate more aggressive retaliation ... immediately," the BofA Merrill Lynch Global Research report said.

"That said, even a 'war of words' could weaken investor confidence not only in the U.S. and China, but globally."


CHINA'S DECEMBER EXPORTS FALL

China's December exports fell by a more-than-expected 6.1 percent on-year, while imports beat forecasts slightly, growing 3.1 percent on its strong demand for commodities which has helped buoy global resources prices.

An unexpected 0.1 percent rise in shipments in November, while scant, had raised hopes that China was catching up to an export improvement being seen in some other Asian economies.

China reported a trade surplus of $40.82 billion for December, versus November's $44.61 billion.

While the export picture has been grim all year, with shipments rising in only two months out of 12, import trends have been more encouraging of late, pointing to a pick-up in domestic demand as companies brought in more raw materials from iron ore to copper to help feed a construction boom.

China imported record amounts of crude oil, iron ore, copper and soybeans in 2016, plus large volumes of coal used for heating and in steelmaking.

"Trade protectionism is on the rise but China is relying more on domestic demand," said Wen Bin, an economist at Minsheng Bank in Beijing.

Prolonged weakness in exports has forced China's government to rely on higher spending and massive bank lending to boost the economy, at the risk of adding to a huge pile of debt which some analysts warn is nearing danger levels.

Data next Friday is expected to almost certainly show that 2016 economic growth hit Beijing's target of 6.5-7 percent thanks to that flurry of stimulus.

But signs are mounting that the red-hot property market may have peaked, meaning China may have less appetite this year for imports of building-related materials.

"It is hard to see what could drive a more substantial recovery in Chinese trade," Julian Evans-Pritchard, China Economist at Capital Economics, wrote in a note.

"Further upside to economic activity, both in China and abroad, is probably now limited given declines in trend growth. Instead, the risks to trade lie to the downside...," he said, saying the chance of a damaging China-U.S. trade spat has risen since Trump's appointment of hardliners to lead trade policy.

A decline in China's trade surplus in 2016, to just under $510 billion from $594 billion in 2015, may also reduce authorities' ability to offset capital outflow pressures, which have helped drive its yuan currency to more than eight-year lows, ANZ economists said.

(Reporting by Lusha Zhang, Elias Glenn, Sue-Lin Wong and Kevin Yao; Writing by Sue-Lin Wong; Editing by Kim Coghill)"

[Popeye82]

China considering net hardware risk commission - CER/SCP - Feb 7, 2017
www.chinaeconomicreview.com/node/69541

"Beijing is considering establishing a high-level inter-departmental commission to screen internet services and hardware as it tightens its grip over cyberspace.The Cyberspace Administration of China issued a draft outline on Saturday of measures to bolster online ­security, saying the commission would assess whether products such as servers or internet services could be hijacked by an outside party, and the privacy of users compromised.

It said government and Communist Party offices should only purchase products or services vetted by the committee. According to the South China Morning Post, the leadership has been trying to foster the development of home-grown network technology to improve cybersecurity. Beijing has also adopted a controversial cybersecurity law, which requires "operators of critical information infrastructure" to store personal information and important business data within the Chinese mainland. "

[Popeye82]

Chinese luxury shoppers returning, to China - CER/WSJ - Feb 6, 2017
www.chinaeconomicreview.com/node/69542

"After years of flooding luxury stores from New York to Paris to snap up handbags and watches, Chinese consumers are shopping more at home, according to The Wall Street Journal.



In constant dollars, sales of personal luxury goods in mainland China rose 4% in 2016 and will increase at an even faster pace this year, predicts Bruno Lannes, a Shanghai-based partner at consulting firm Bain & Co. High-end names such as Burberry and Louis Vuitton are experiencing a surge in sales in mainland China as the government taxes overseas purchases and some luxury brands lower prices in China to bring them closer to those elsewhere. The yuan's depreciation and recent terrorist attacks in Europe are also deterring Chinese from traveling internationally, boosting luxury purchases on the mainland, some analysts say."

[Popeye82]

http://www.chinaeconomicreview.com/node/70539
http://www.reuters.com/article/us-southchinasea-china-dredge…

[Popeye82]

http://www.chinaeconomicreview.com/node/70580

[Popeye82]

http://www.chinaeconomicreview.com/node/70579

[Popeye82]

China signals growth sacrifices; to curb debt
http://www.chinaeconomicreview.com/node/70582

"China's central government has ordered a small city in Inner Mongolia to halt construction of a Rmb30.5bn ($4.6bn) subway project, signaling Beijing's willingness to sacrifice growth in order to rein in financial risks, the Financial Times reports. The city of Baotou had intended to fund 60% of the project's cost from bank loans and held a groundbreaking ceremony in May, which was attended by Baotou's top two officials. Over the past decade, local governments have relied on debt-funded investment projects to bolster their economies. In August the IMF warned that China's non-financial sector debt would exceed 290% of gross domestic product by 2022, compared with 235% last year. But at a Chinese Communist party congress last month, President Xi Jinping departed from precedent by not mentioning the government's official economic growth targets, signaling his administration's higher tolerance for slower growth. The project would have increased Baotou's existing Rmb90bn of debt by at least 20%. "

[Popeye82]

China, EU investment deal hindered, by Chinese demands
http://www.chinaeconomicreview.com/china-eu-investment-deal-…

"The negotiations for an investment treaty between China and the European Union are being hampered because China wants so many sectors to be exempt from the treaty, sources told the South China Morning Post. One source said the EU was unsatisfied with China's offer of market access because of the number of opt-outs it was seeking as well as the other restrictions it wanted to place on European investors. Another source said the EU was disappointed at the slow pace that the financial services sector was being opened. Brussels is also worried about the possibility of more setbacks to the reform process. Beijing and Brussels started talks on the Comprehensive Agreement on Investment in January 2014. The two sides will hold the 16th round of talks next month. The European Chamber of Commerce in China wants a simplified regulatory environment, freedom to enter into new business areas or product segments and fewer barriers to acquisitions in China."

[Popeye82]

http://www.chinaeconomicreview.com/node/70615

[Popeye82]

http://www.chinaeconomicreview.com/chinese-anti-corruption-w…

[Popeye82]

http://www.chinaeconomicreview.com/china-moves-stabilize-coa…

[Popeye82]

China mulls Shanghai free-trade port plan
http://www.chinaeconomicreview.com/china-mulls-shanghai-free…

"China is making another attempt at keeping Shanghai at the cutting edge of economic reforms after its latest try in 2013 floundered, the South China Morning Post reports. The State Council, the nation's cabinet, will soon unveil plans for a "free-trade port" in the world's biggest shipping hub, according to Chen Bo, an adviser on the proposal who researches free trade zones at the Huazhong University of Science and Technology in Wuhan. President Xi Jinping had floated the concept last month as part of the Communist Party's pledge to "develop new models and new forms of trade". The port will feature eased capital controls, no customs duties and minimum clearance procedures compared with the Shanghai Free-Trade Zone, which was established in 2013 as a laboratory to test financial deregulation. It will also be smaller – about 18 square kilometres, or roughly 15% the size of the previous area."

[Popeye82]

http://www.chinaeconomicreview.com/node/70621

[Popeye82]

China signals intent, to lead the world, on 5G
http://www.chinaeconomicreview.com/china-signals-intent-lead…

"China gave the latest signals this week that it intends to be at the forefront of the next generation of mobile communications, reversing years of a previous policy that saw it typically lag behind, as it tries to wield greater influence in the development of new technologies, Caixin reports. One of the new signals came from the Ministry of Industry and Information Technology (MIIT), China's telecoms regulator, which said it has officially launched the third stage of trials for fifth-generation (5G) networks expected to replace current 4G technology in global markets starting in 2019. The ministry said the new trials aim to speed China's move to the commercialization of the technology that will facilitate data transfer rates of up to 100 megabits per second in major metropolitan areas. That will boost efficiency for functions like video streaming and pave the way for a new generation of functions with big data requirements."

[Popeye82]

China introduces radical asset management reforms
http://www.chinaeconomicreview.com/china-introduces-radical-…

"China's top regulators unveiled radical reforms for the country's asset management industry this month, in a push by the government to defuse the investment risks accumulating across the Asian giant's financial system, the Financial Times reports. The reforms, which are also designed to improve standards of investor protection and to set the asset management industry on a sustainable growth path, follow huge increases in debt and leverage that threaten the sustainability of the Chinese economy. Retail investors in China have been plowing money into lightly regulated or unregulated wealth management products that offer higher yields than bank deposits. These wealth management products are issued by banks, insurance companies and other financial groups that are supervised by different regulators, which has led to massive growth in so-called non-standard credit assets or the shadow banking sector. Historically, financial companies were able to circumvent restrictions on their activities under the previous regime, but this should no longer be possible under new rules."

[Popeye82]

https://www.wallstreet-online.de/nachricht/10111806-china-ha…

[Popeye82]

http://www.faz.net/aktuell/wirtschaft/china-geht-mit-gewalt-…

[Popeye82]

Report: China needs to strike delicate balance to deflate property bubble
http://www.chinaeconomicreview.com/node/70663

"The two major risks facing China's real estate market are that the bubble could continue to inflate or eventually burst, a new report warned. China's property market still faces dual major risks as short-term administrative curbing policies to cool the housing market hold up and long-term adjustment methods are still yet to come, a top government think tank warned, Caixin reports.

The first risk is that property prices will surge following a prolonged government-mandated clampdown that subdued price growth, worsening the real estate bubble, according to the report by the National Academy of Economics Strategy (NAES) and the Global Urban Competitiveness Research Center for City and Competitiveness. Both institutions are affiliated with the Chinese Academy of Social Sciences, a top government think tank. The second is that the market will lose its long-held expectation that home prices will always go up, causing the bubble to burst and property prices to plummet."

[Popeye82]

ABZUG für Pornokonsum
http://www.golem.de/news/china-die-aaa-buerger-1712-131477.h…

[Popeye82]

https://www.wallstreet-online.de/nachricht/10148246-china-st…

[Popeye82]

China may reduce focus on curbing debt, as slowdown looms

http://www.chinaeconomicreview.com/china-may-reduce-focus-cu…

"As China's leaders prepare to reveal the country's economic plan for 2018, sources familiar with the discussions have told the Wall Street Journal that Beijing is struggling to cut debt while maintaining economic growth. According to these sources, the blueprint to be unveiled on Wednesday will ditch talk of bringing down debt in favor of the more modest goal of controlling the rise in borrowing.

Beijing has reined in borrowing between banks in an effort to crack down on debt, but overall borrowing has continued to rise faster than growth. The softening of the goal, agreed earlier in December by the Communist Party's top leaders, is an official acknowledgment of how hard it is for Beijing to reduce the economy's reliance on debt-driven growth.

"Let's face it," said an official involved in policy discussions. "It"s not realistic to reduce leverage when the whole economy relies on banks for financing.""