U.S. officials say the United States and China have agreed to coordinate their response to a scheduled North Korean missile launch that has overshadowed this week’s nuclear security summit in Seoul. An aide to U.S. President Barack Obama says Chinese President Hu Jintao expressed his nation’s “serious concern” about the planned launch at a...
Geely Automobile Holdings Ltd. (175), whose parent owns Volvo cars, said it targets to become China’s largest auto exporter in two years by focusing on expanding in developing countries, overtaking leader Chery Automobile Co. (CACTZ) The Hong Kong-traded carmaker plans to open factories in Belarus and Uruguay this year, Geely Chief Executive Officer Gui...
Some have taken the extraordinary dismissal of Bo Xilai, China’s controversial Politburo member and party secretary from Chongqing, as a sign that the transition of power in China is in trouble. On the contrary, it shows that the process has matured and is working as it needs to. Xi Jinping, the current vice president...
By JEREMY PAGE BEIJING — The British businessman whose death last fall has emerged as a key element in China’s biggest political scandal in two decades periodically consulted for a British strategic-intelligence firm founded by ex-spies, a spokesman said Monday. Neil Heywood, who was found dead in a Chongqing hotel room in November, wasn’t...
Apple CEO Tim Cook is out in China, and it doesn’t appear he’s on vacation. The iPhone maker’s chief executive today was spotted in the Joy City Apple Store in Beijing, marveling at his company’s products and talking with employees. Cook didn’t say at the store why he’s in China, but that hasn’t stopped...
The good news: China’s government will engineer a soft landing. The bad news: Even a soft landing is painful for industries that have become dependent on the world’s fastest-growing major economy as their main profit engine. Analysts at Deutsche Bank AG, Nomura Holdings Inc. and Daiwa Capital Markets raised forecasts this month for 2012...
BEIJING — China could face a threat to its power structure unless it stamps out rampant corruption among officials, Premier Wen Jiabao was quoted as saying on Monday. The latest statement from Wen, who has long pushed to eradicate corruption, underscores broader worry that, left unchecked, the problem could hurt the legitimacy of one-party rule....
BEIJING, March 26 (UPI) — Police in China say they’ve arrested a man suspected of stealing and then leaking personal information belonging to more than 6 million computer users. In what officials said is the biggest hacking case in the country’s Internet history, the man — identified only by the surname Zeng — is...
Chinese industrial companies had their first January-February profit decline since 2009 as slowing exports and a government campaign to cool property prices damped earnings. Net income dropped 5.2 percent from a year earlier to 606 billion yuan ($96 billion), the National Bureau of Statistics said on its website today. That compared with a 34.3...
As the global downturn eats into sales of private jets to corporations, wealthy individuals and governments, many aircraft manufacturers have high hopes that China, with its rapid economic growth and swelling population of uber-wealthy, will make up the difference. On the surface, sales projections from archrivals Airbus and Boeing delivered at a business aviation...
