BEIJING, Jan. 3 (Xinhua) — China’s crude steel output posted its first yearly decline in November 2011 to 49.88 million tonnes, according to latest data provided by the country’s top economic planner. The National Development and Reform Commission (NDRC) said in a statement on its website that the November crude steel output was 0.6...
Jan. 3 (Bloomberg) — LDK Solar Co.’s plan to buy Germany’s Sunways AG provides China’s second-largest solar-panel maker with access to new technology and a distribution network in the world’s biggest photovoltaic market. Sunways shares rose the most in six months in Frankfurt yesterday after LDK offered to purchase the Constance-based solar-cell and module...
BEIJING – Chinese President Hu Jintao has told Communist Party members that hostile forces abroad are trying to westernize and divide the country with their cultural influence and that officials must remain vigilant against such efforts. The party magazine Seeking Truth this week published an excerpt of a speech by Hu to party leaders...
The squeeze is on in China’s real-estate market, which means slow going for the near future. I still like China stocks, but I’m steering clear for now. The Shanghai stock market recovered a bit—a tiny bit—in trading on December 28, and then edged ahead again on December 29. That two-day advance was the first...
Mr. Hu’s words signaled that a major policy initiative announced last October would continue well into 2012. The essay, which was signed by Mr. Hu and based on a speech he gave in October, drew a sharp line between the cultures of the West and China and effectively said the two sides were engaged...
BEIJING | Sun Jan 1, 2012 2:53pm IST BEIJING (Reuters) – Chinese President Hu Jintao sent congratulations to North Korea’s Kim Jong-un on Saturday on his appointment as supreme military leader, in Beijing’s most direct show of support for the young and untested successor to his father Kim Jong-il. Hu’s message, issued on the...
Workers assemble machinery on the backhoe production line at an excavators factory in Faridabad, India. India’s manufacturing activity rebounded on the back of increases in output and new orders. Photographer: Prashanth Vishwanathan/Bloomberg Jan. 3 (Bloomberg) — Pauline Loong, senior vice president and political analyst at CIMB Securities (HK) Ltd., talks about China’s economy and...
By JOHN PHILLIPS Asian stock markets rose Tuesday as signs of a pick-up in China’s manufacturing activity boosted sentiment across the region, with resource stocks outperforming in Hong Kong and Sydney, while exporters led the Seoul market sharply higher. In what was the first trading day of the new year for many regional markets,...
January 02, 2012, 2:53 AM EST By Bloomberg News Jan. 1 (Bloomberg) — China will balance “relatively quick” economic growth with inflation control in 2012, amid rising uncertainty about the world economic recovery, President Hu Jintao said in a speech yesterday. The government will speed up economic structural adjustment and give priority to improving...
Agence France-Presse/Getty Images Pop-up victims? Computer users at a cafe in Beijing. If the frequent use of intrusive ads on Chinese websites has ever caused you to grimace, gripe or growl, then the government here has a message for you: They feel your pain. And, they’re not going to do much about it. China’s...
