Daily Archives: April 26, 2012

China’s next No. 2 to talk energy with EU

April 26, 2012

BRUSSELS, April 25 (UPI) — The expected heir to Chinese Premier Wen Jiabao will seek to strengthen energy ties to Europe during an upcoming visit, officials said this week. Chinese Vice Premier Li Keqiang will make a stop in Brussels to meet with European Council President Herman Van Rompuy and European Commission President Jose...

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Italy minister to visit China to seek investment – source

April 26, 2012

ROME, April 25 (Reuters) – Italy’s deputy Economy Minister Vittorio Grilli will visit Beijing on Thursday, seeking to persuade Chinese investors to buy Italian sovereign bonds, which have come under growing pressure in the wake of the turmoil hitting euro zone debt markets, according to a source with direct knowledge of the visit. “Grilli...

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China to send envoy to Sudans, says working with U.S.

April 26, 2012

BEIJING (Reuters) – China will send its envoy for Africa to Sudan and South Sudan to urge talks as it works with the United States to bring an end to border fighting that has raised fears of a full-scale war, Chinese government officials said on Wednesday. South Sudan has accused Sudan of mounting bombing...

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The inside story of China’s great political drama

April 26, 2012
The inside story of China’s great political drama

Beijing (CNN) — Wang Kang looks every bit what he is: a Chinese scholar. With his Confucian beard, graying hair and a deep, resonant voice enunciating Putonghua tones, he epitomizes gravitas. But it’s not his appearance so much as the power of his story. For Wang is one of the few insiders who dare...

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Studios’ dealings in China said to be subject of SEC questions

April 26, 2012
Studios’ dealings in China said to be subject of SEC questions

The Securities and Exchange Commission has sent letters to at least four major Hollywood studios, including Walt Disney Studios and DreamWorks Animation, over dealings in China, a person familiar with the matter but not authorized to speak publicly confirmed Tuesday. The letters center on the studios’ dealings with China Film Group, the state-run company...

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China Mobile Puts Wifi on Beijing Buses

April 26, 2012
China Mobile Puts Wifi on Beijing Buses

  Doug Young Contributor Doug Young lives in Shanghai and writes about tech investment in China for Techonomy and at www.youngchinabiz.com. Rather than delve into the latest lackluster results from China Mobile (HKEx: 941; NYSE: CHL), I’ll focus today’s look at China’s perennial laggard telco on an interesting new initiative that is seeing the...

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GM’s big plans for China includes more Cadillac models

April 26, 2012

By Alisa Priddle, USA TODAY and the Detroit Free Press General Motors has big plans for China. More dealers. More factories. And even strange-looking new models. It plans to open 600 dealerships in China this year and nearly double the number of cars it builds in China by 2016, with plans to introduce a...

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China considers archive of foreigners

April 26, 2012

BEIJING, April 24 (UPI) — Chinese lawmakers Tuesday proposed creating a nationwide database to house information about foreigners in the country. The archive would replace the current system, which was set up by different administrations and is only accessible by the Ministry of Foreign Affairs, making it difficult to track down people who overstay...

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China clamps down on Sina Weibo as censorship abounds

April 26, 2012

China has once again taken aim at Web users who have allegedly spread political rumors across the Internet. Twitter-like microblogging service Sina Weibo yesterday announced to its user base that it had banned several accounts for engaging in rumor mongering. The move came about a month after Li Delin, a senior editor for Chinese...

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China iPhone sales surge, but can Apple protect its apps?

April 26, 2012

By Melanie Lee SHANGHAI | Wed Apr 25, 2012 7:37am EDT SHANGHAI (Reuters) – Apple Inc’s blowout quarterly iPhone sales in China show that a barrage of bad publicity hasn’t dented demand. Now, it has to find a way to sell more smartphones in the world’s biggest mobile market, without its fans jumping the...

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