Blog Archives

China Telecom Plans to Offer Wireless Service in U.S. in 2012

November 9, 2011

November 09, 2011, 4:03 AM EST By Olga Kharif Nov. 8 (Bloomberg) — China Telecom Corp. plans to start selling a wireless service to U.S. consumers under its own brand early next year, seeking to sign up Chinese-Americans, students and tourists who travel often between the two countries. China’s biggest fixed-line provider will offer...

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China says still studying Iran nuke program report

November 9, 2011

(AP)  BEIJING — China said Wednesday it was still studying the U.N.’s critical assessment of Iran’s nuclear program, likely indicating Beijing will withhold public comment until other world powers signal their intentions. The U.N. atomic agency said for the first time Tuesday that Iran is suspected of conducting secret experiments whose sole purpose is...

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Japan releases China fishing boat captain

November 9, 2011

TOKYO | Wed Nov 9, 2011 9:22am GMT TOKYO (Reuters) – Japan released a Chinese fishing boat captain on Wednesday, three days after his arrest for refusing a coast guard inspection in Japanese territorial waters, putting a quick end to the latest in a series of maritime incidents between Asia’s largest economies. The release...

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Tibetan leader for dialogue with China – AP

November 9, 2011
Tibetan leader for dialogue with China – AP

NEW DELHI — Tibetan Buddhism’s No. 3 leader, the Karmapa, asked Chinese leaders Wednesday to start a dialogue to stop Tibetans from setting themselves on fire in protest against Chinese restrictions on their religion and culture. AP Cain maintains: ‘I have never acted inappropriately’ Updated 24 minutes ago 11/9/2011 10:14:06 AM +00:00 Beijing residents call...

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UPDATE 2-China Oct refinery output falls for second time this year

November 9, 2011

Wed Nov 9, 2011 9:31am GMT * Oct throughput 8.74 mln bpd; -0.9 pct on yr, -0.5 pct on mth * Second fall this yr on plant overhauls, refinery accident * November runs expected to rise to year high (Adds crude oil output) By Judy Hua and Chen Aizhu BEIJING, Nov 9 (Reuters) –...

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China October inflation cools, more policy tweaks seen

November 9, 2011
China October inflation cools, more policy tweaks seen

BEIJING — Chinese industrial output in October grew at its weakest annual pace in a year and inflation fell sharply, raising expectations Beijing will do more to support economic growth by “fine tuning” policy. A flurry of data on Wednesday showed that China’s factories are bearing the brunt of a modest economic slowdown even as...

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China October Property Sales Fall From Year Ago

November 9, 2011
China October Property Sales Fall From Year Ago

China’s property sales fell in October from year-ago levels for the first time in six months, indicating market cooling measures have started to bite even though overall real estate investment stayed robust.  Property sales fell 11.5 percent in terms of value and 9.1 percent in terms of floor space in October from a year...

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China Unicom, Telecom shares hit on monopoly investigation

November 9, 2011

HONG KONG | Wed Nov 9, 2011 4:15am EST HONG KONG (Reuters) – China’s top economic planning agency confirmed on Wednesday it was investigating China Unicom (Hong Kong) Ltd (0762.HK) and China Telecom Corp Ltd (0728.HK) for monopoly violations, sending shares of both companies down by more than 3 percent. The National Development and...

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China Passenger-Car Sales Slow After Minivan Demand Tumbles

November 9, 2011
China Passenger-Car Sales Slow After Minivan Demand Tumbles

Enlarge image China Passenger-Car Sales Slow After Minivan Demand Tumbles Nelson Ching/Bloomberg The slump in demand in China is a contrast to the U.S., where vehicle sales last month rose at their fastest since February, according to estimates from Autodata Corp. The slump in demand in China is a contrast to the U.S., where...

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In China, luxury car makers drive inland

November 9, 2011

CIXI, China (Reuters) – Chen Beiyin bubbled with joy when she picked a $141,700 Mercedes-Benz E350 coupe for her dowry and topped off the wedding with a lavish procession that included 12 S600 sedans, the priciest cars in the fleet. “My dad drives an S-class and my husband a C-class. So when my dad...

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