HONG KONG (Reuters) – A Hong Kong-based labour rights group slammed London Olympics organisers on Tuesday for failing to prevent “rampant” abuses at two China suppliers of Games merchandise. In the latest investigation into outsourced manufacturing in China, SACOM (Scholars and Students against Corporate Misbehaviour) probed two Olympics suppliers and said it found patchy...
WASHINGTON — The United States and China have wrapped up two days of talks on human rights. The annual dialogue gives Washington a chance to broach thorny issues that are a perennial sore point in U.S. relations with Beijing, including its treatment of democracy activists and repression in Tibet. A State Department statement issued...
Apple saw a dip in China during the most recent quarter, but Apple chief Tim Cook today attributed the drop to seasonality, among other things, and said it does not include sales of the new iPad, which just went on sale in the country. Apple saw 25 percent growth in Asia-Pacific over the last...
BANGKOK — Oil prices inched higher Tuesday in Asia, after sliding on Europe’s deepening debt turmoil the day before, as a survey suggested a recovery in China’s manufacturing is taking hold. Benchmark crude for September delivery was up 50 cents at $88.64 a barrel at midday Bangkok time in electronic trading on the New...
By Jonathan Cable and Nick Edwards LONDON/BEIJING (Reuters) – The troubled euro zone’s private sector looks set for many months of more pain, July business surveys showed on Tuesday, contrasting with Chinese manufacturers reporting a pick-up in output and signs of stabilization in new export orders. In a further blow to policymakers battling Europe’s...
Canada’s Nexen, with offshore operations in the U.S. and U.K., has agreed to be acquired by China’s CNOOC for $15.1 billion. NEW YORK (CNNMoney) — A major Chinese oil producer has gained a big toehold in North America’s energy market with a $15.1 billion acquisition of a Canadian company. Calgary-based Nexen Inc. said Monday...
BEIJING (Reuters) – China will step up efforts to boost the development of seven strategic emerging industries to cushion downward pressure on the world’s second-largest economy, a senior official of the country’s top planning agency said on Monday. “When the economic outlook is not good, developing strategic industries will definitely help alleviate downward pressure...
WASHINGTON – The U.S. and China began their annual human rights dialogue Monday that gives Washington a chance to broach thorny issues but also demonstrates its limited leverage with Beijing. Human rights groups urged the U.S. to press China over a crackdown on rights lawyers and activists and repression in Tibet — where dozens...
The decline in China’s growth rate is a good thing for the country and the world, Peking University finance professor Michael Pettis writes in the Financial Times. China appears to be heading for a hard landing, and it must sharply reduce interest rates and expand credit to save itself and the world from disaster,...
BEIJING (Reuters) – China’s industrial output in the second half of 2012 could grow 10.7 percent over the previous year as factory activity picks up in response to Beijing’s pro-growth policies, an official newspaper reported on Monday, citing a government think tank. “We forecast industrial sector performance to show evident recovery late in the...
