Daily Archives: April 9, 2012

China welcomes progress in Mali’s constitutional crisis

April 9, 2012

BEIJING, April 9 (Xinhua) — China said on Monday that it welcomes the positive progress made in the settlement of Mali’s constitutional crisis and appreciates the mediating efforts of the Economic Community of West African States (ECOWAS). Foreign Ministry spokesman Liu Weimin made the remarks at a regular press briefing when asked to comment...

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China March CPI Rises More Than Expected

April 9, 2012

BEIJING — China’s consumer inflation gathered pace in March but probably not enough to deter central bankers from giving a weakening economy a helping hand by easing monetary policy in the months ahead. Analysts said they are still looking to crucial first quarter gross domestic product data, due on Friday, to see how much...

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China sets up rare earth body to shake up industry

April 9, 2012

BEIJING | Sun Apr 8, 2012 1:44pm BST BEIJING (Reuters) – China on Sunday set up a rare earth industry association, state media reported, in a move to speed up consolidation of its sprawling industry that has drawn fire for what overseas trade partners call unfair export quotas. The association, with 155 members across...

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China troubled by North Korean rocket launch plans

April 9, 2012

NINGBO, China (AP) — China‘s foreign minister said Sunday that his country is troubled by North Korea‘s plan to launch a long-range rocket and has urged more diplomacy to handle the situation, a measured response to a provocation that has unsettled the region. Following trilateral talks in the eastern Chinese city of Ningbo, the...

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Is Apple fighting a losing battle in China?

April 9, 2012

HONG KONG –The long overnight queue outside Apple’s Central flagship store in Hong Kong disappears almost as quickly as it was built up. Now you can easily buy new iPads in a mall — if you are willing to pay US$100 for a bunch of Apple accessories and a pad that looks the same,...

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China pressures Japan to prevent exiled Uighur meeting

April 9, 2012

BEIJING — China urged Japan on Monday not to allow an exiled Uighur group to hold a major conference in Tokyo next month, saying the organization seeks to damage Chinese sovereignty. China has blamed violence in its restive far western region of Xinjiang, home to the Turkic language-speaking Muslim Uighur people, on Islamic separatists who...

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China urges patience over N. Korea

April 9, 2012

NINGBO, China, April 8 (UPI) — China will remain engaged in efforts to resolve the ongoing friction over North Korea, Foreign Minister Yang Jiechi said Sunday. Yang said at a trilateral summit in Ningbo with his counterparts from South Korea and Japan that diplomacy and patience was the best approach in easing the tensions...

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China Stocks Feel A Chill in IPO Market

April 9, 2012
China Stocks Feel A Chill in IPO Market

By LYNN COWAN The U.S. IPO market began warming up last month, but Chinese companies have yet to break through the ice. In fact, it is uncertain whether even existing Chinese stocks will stick around the American markets. A dozen Chinese companies have either announced or completed plans to delist from U.S. exchanges and...

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China Buys Inroads in the Caribbean, Worrying US

April 9, 2012
China Buys Inroads in the Caribbean, Worrying US

NASSAU, the Bahamas – A brand new $35 million stadium opened here in the Bahamas a few weeks ago, a gift from the Chinese government. The tiny island nation of Dominica has received a grammar school, a renovated hospital and a sports stadium, also courtesy of the Chinese. Antigua and Barbuda got a power...

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China "worried" over planned North Korea rocket launch

April 9, 2012

By Bill Smith  Beijing – Foreign Minister Yang Jiechi told his South Korean and Japanese counterparts that China was ‘concerned and worried’ about the potential impact of North Korea’s planned rocket launch this month, state media said on Sunday. China hoped all parties would ‘keep calm and exercise restraint’ and resolve differences over the...

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