Activity in China's manufacturing sector fell to an 11-month low in July following decline in new orders. HSBC's Purchasing Managers' Index (PMI), which is a key indicator of activity in the sector and a reading below 50 shows contraction, fell to 47.7 from 48.2 in June. According to the BBC, this is the third month in a row that the HSBC reading has been below that level. Data released ...
Ex Chinese Communist Party boss Bo Xilai charged with bribery embezzlement power abuse
Beijing, July 25 (Xinhua-ANI): Bo Xilai, former Communist Party of China (CPC) chief of Chongqing Municipality, has been charged with taking bribes, embezzlement and abuse of power, according to Jinan City People's Procuratorate in east China's Shandong Province. Bo's indictment was delivered to the Jinan City Intermediate People's Court on Thursday. Bo took the advantage of his position as a ...
22 rescued from China quake debris
Firefighters have rescued 22 people from debris after a 6.6-magnitude quake hit northwest China's Gansu province, officials said. A total of 268,400 people have been relocated after the quake, which killed at least 95 people and injured another 1,461, Xinhua cited the earthquake relief headquarters as saying. Electricity and telecom facilities were back online in the quake zone Wednesday. The ...
Six giant panda babies born in China
Wolong National Nature Reserve, which was established in 1963, is home to around 150 giant pandas, and keepers are expecting at least another four panda births by the end of ...
Maritime Corrosion Protection and Integrity 2013 will be held in Shanghai this October
July 25, 2013 /CNW/ - During the "12th Five-Year Plan" period, there will be a large capital investment in expanding and maintaining facilities for ocean resource development and sea transportation. At present, the maritime corrosion protection industry is facing the rapid development era, the average annual growth rate maintains more than 30%. Just in 2012, the market scale of ...
China downplays military flyover near East China Sea
Ministry of National Defense said the training does not target any nation and the flyover was in accordance with international law. This marks the first time a Chinese military craft entered this airspace. According to reports, the craft flew over international waters between Okinawa and Miyakojima, an island relatively close to the disputed islands in the East China Sea before reaching the ...
Higher costs for expats in Shanghai
(51 mins ago) Shanghai is the second costliest city in China for expats after Hong Kong, a survey by US human resource consultants Mercer showed yesterday. In world rankings Shanghai comes 14th, up two places from last year, with Hong Kong sixth, Xinhua news agency reports. The survey, designed to help multinational companies and governments determine allowances for expatriate employees, ...
Shanghai Fosun Pharma says H1 profit to rise 40 pct
HONG KONG, July 25 | Thu Jul 25, 2013 4:46am EDT HONG KONG, July 25 (Reuters) - Shanghai Fosun Pharmaceutical (Group) Co Ltd , a unit of China's Fosun International Ltd, said on Thursday it expected its first-half net profit to rise more than 40 percent year-on-year. First-half profit for 2012 was 701.77 million yuan ($114 million) with per share earnings of 0.37 yuan, the Chinese ...
Killing Highlights Concerns Over Chinas One-Child Policy
HONG KONG ...
Shanghai to keep feeling the heat-Eastday
According to Li Defu, a media official with Shanghai Municipal Electronic Power Company, the city's electricity consumption reached 28.02 million kW at 1:50 pm on Wednesday, a record ...
Shanghai Ignores PMI Data while the SPX Continues to Levitate
HSBC released its June Flash PMI figure for China overnight, and it came in worse than expected at 47.7, with consensus of 48.2, the lowest reading since Aug 2012. However, let's notice on the enclosed chart of the Shanghai Composite (SHCOMP) that the China equity market hardly reacted to the "bearish" news. This suggests that investors expect Chinese officials to move towards the ...
China Bo Xilai Indicted for Bribery Corruption Abuse of Power
The official Xinhua news agency said Bo was indicted Thursday in Jinan, the capital of the eastern coastal Shandong province. Several media reports have suggested that Bo's long-awaited trial, China's most scandalous in decades, would take place this week. Bo's wife, Gu Kailai, has been convicted of murdering British businessman Neil Heywood over a financial dispute ...
Is Jiangsu Chinas debt nightmare
The nightmare scenario for China's leaders as they try to wean the country off a diet of easy credit and breakneck expansion is a local government buckling under the weight of its own debt. Few provinces fit that bill quite like Jiangsu, home to China's most indebted local government. Hefty borrowings through banks, investment trusts and the bond market by Jiangsu's provincial, ...
Shanghai Overseas Property Investment Immigration Show -- the Best Way to Enter the Chinese Market for Overseas ...
SHANGHAI, July 25, 2013 /PRNewswire/ -- The 9th Shanghai Overseas Property & Investment Immigration Show (OPIIS) will be held in Shanghai Exhibition Centre during October 2-5, 2013, with its size expected to reach 20,000 square meters. OPIIS is the best platform for overseas exhibitors to promote their projects in the Chinese market. Each year, over 130,000 visitors attend this Show and ...
Shanghai shares edge up
(34 mins ago) Shares in Shanghai were up 0.43 percent in morning trade as financial stocks led the gains on bargain hunting, dealers said. The benchmark Shanghai Composite Index rose 8.76 points to ...
Shanghai to keep feeling the heat
Residents in Shanghai and its nearby regions won't get a break from the extreme heat until next week, as power suppliers gear up for surges in electricity consumption for air conditioning. On Wednesday, the city's meteorological department recorded a temperature of 38.6 C at about 2 pm in the city's Xujiahui area, the highest this summer. The number of extremely hot days this ...
Shanghai China To Extend Visa-Free Stays To 72 Hours
From January 1, 2013, Shanghai extends visa-free stays to 72 hours for passengers from 45 countries. The 45 countries covered by the 72-hour visa-free policy are: Argentina, Australia, Austria, Belgium, Brazil, Brunei, Bulgaria, Canada, Chile, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Holland, Hungary, Iceland, Ireland, Italy, Japan, Latvia, Lithuania, ...
GSK caught up in a Chinese puzzle
GSK has clearly become a political target of the Communist Party. Not only has it been roundly attacked in the state media, but all mention of it has been censored on the internet and banned from social ...
Brian Fallow Chinas slowdown may be good for NZ
Should we be worried that China's economic growth has slowed to three-quarters of the pace it has averaged over the past 30 years? Not really, no, would be the take-away message from some recently released work by Treasury economists Scott Bowman and Patrick Conway on the outlook for the Chinese economy and its implications for ours. It is not that what happens to the Chinese economy doesn't ...
Zhejiangs SMEs quickening pace of stock listings
Private enterprises in Zhejiang province, especially small and mid-sized enterprises (SMEs), are speeding up their migration to listed status, said Ernst &Young (E&Y), a leading global tax and transaction service provider. According to data released by E&Y on Thursday, there are 252 Zhejiang-based listed companies that have raised more than 160 billion yuan ($24.8 billion) on the ...
Six stand trial for chemical spill in Jinshan
Six people stood trial Wednesday morning in Jinshan District People's Court for causing a chemical spill that put 46 residents in the hospital and caused an estimated 4.8 million yuan ($782,026) in damages, local media reported.The spill occurred at a port on Jinzhang Road on January 10, when three defendants, Liu Langjian, Du Guoxing and Liu Kang were trying to transfer a shipment of a ...
Zhejiang polices new evaluation system welcome
/enpproperty--> Police in Zhejiang province recently said they will no longer evaluate an officer's job performance strictly by the numbers, like how many cases he has solved. An editorial in Beijing News advocates that more provinces follow suit (excerpts below). It has long been a common practice of police authorities to evaluate officers' performance by certain numbers: the ...
Source: http://www.shanghainews.net/index.php/sid/216052062/scat/360231fd461d67ac
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