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News » Society » China media: Syria veto |
- China media: Syria veto
- Court rejects Ai Weiwei appeal
- Bird flu `epidemic' sparks chicken cull
- Agricultural authorities have culled about 95,000 chickens following an outbreak of the H5N1 bird flu virus in northwest China.
- Editors get walking papers
- Editors at two outspoken newspapers have been removed from their posts months before a politically sensitive handover of power in the country.
- Taiwan tech giant drags Apple to court
- Successes and failures: Hu Jintao's legacy
- Kraft Foods invests $20.5 million in Beijing
- Yum Brands 2012 Second Quarter Earnings- China Highlights
- Coca Cola Reports Second Quarter & Year-To-Date 2012 Results- China Highlights
- China doubles loans to Africa to $20 billion
- Have You Heard…
- VIDEO: China pledges $20bn credit for Africa
- Protest over attack on Chinese vessel
- Central government reveals its spending in 2011
- Russia, China veto UN resolution
- Girls forced into sex to bring men 'good luck'
- Porn site used US server
- Sale of 'Olympic torches' banned on Taobao.com
| Posted: 19 Jul 2012 09:04 PM PDT Morning newspaper round-up: Chinese and Russian vetoes of a UN Security Council resolution on Syria. |
| Court rejects Ai Weiwei appeal Posted: 19 Jul 2012 08:58 PM PDT A court in Beijing has rejected an appeal by Chinese artist and dissident Ai Weiwei against a $2.4m (£1.5m) tax fine, his lawyer says. |
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| Taiwan tech giant drags Apple to court Posted: 19 Jul 2012 08:30 PM PDT Ad: The Real Coaching Club - These Three Real-life Internet Marketers Are Bucking The Trend, And Shunning The "push Button" Systems. Instead You'll See How We Make Real Money Online, And We'll Give You A Shortcut For You To Do It Too. We're Personally Going To Coach You To Success! |
| Successes and failures: Hu Jintao's legacy Posted: 19 Jul 2012 04:27 PM PDT Highs and lows of Chinese leader's decade in power |
| Kraft Foods invests $20.5 million in Beijing Posted: 19 Jul 2012 12:30 PM PDT  Source: China Daily The world's snack powerhouse Kraft Foods Inc opened two production lines in its Beijing factory on July 17, an investment worth $20.5 million, announced Kraft on its website. Kraft's first-quarter earnings showed that its world sales rose 4 percent to $13.1 billion and China was one of the highest growth markets. In 2011, Kraft saw a 35 percent rise in the Chinese market where biscuits sales contributed 40 percent increase.   |
| Yum Brands 2012 Second Quarter Earnings- China Highlights Posted: 19 Jul 2012 12:32 PM PDT  Source: Yum Louisville, KY (July 18, 2012) – Yum! Brands Inc. (NYSE: YUM) today reported results for the second quarter ended June 16, 2012 David C. Novak, Chairman and CEO, said, Yum! China, our largest profit-contributing division, reported strong system sales growth of 27%, prior to foreign currency translation. However, operating profit declined 4%, prior to foreign currency translation, as high inflation drove restaurant margins down 4 percentage points versus last year. We expect this to be shortlived, returning to double-digit profit growth in the second half of the year. Our outstanding China team now expects to open a record of at least 700 new units this year.
China Units Q2 2012 Traditional Restaurants (1)- 4,785 (1) Total includes Pizza Hut Home Service and East Dawning; excludes Little Sheep units
Notes to the Condensed Consolidated Summary of Results, Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows (amounts in millions, except per share amounts) (unaudited)
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| Coca Cola Reports Second Quarter & Year-To-Date 2012 Results- China Highlights Posted: 19 Jul 2012 12:33 PM PDT  Source: Coca Cola and Seeking Alpha ATLANTA, July 17, 2012 – The Coca-Cola Company today reported solid second quarter and year-to-date 2012 results, with continued strong volume and revenue growth, as well as further volume and value share gains in total nonalcoholic ready-to-drink (NARTD) beverages. "As we complete the 10 th quarter of our 2020 Vision, we remain passionately focused on offering a portfolio of brands that refresh and hydrate our consumers while bringing them simple moments of happiness. Together with our system bottling partners, our long-term growth plans remain on track and our commitment to enhance the well-being of the consumers, customers and communities we serve around the world is as strong as ever." Pacific Group
The Coca-Cola Management Discusses Q2 2012 Results – Earnings Call Transcript- China Highlights Muhtar Kent – Chairman, Chief Executive Officer, President and Chairman of Executive Committee Now let me turn to our Pacific Group, which grew 8% in both the quarter and year-to-date, including 6% year-to-date growth for brand Coca-Cola. Additionally, our Pacific Group captured both volume and value share in nonalcoholic beverages this quarter. During our last earnings call, we shared our expectations that our volume growth in China might moderate to some extent as our business would not be immune to China's cooling economy. In fact, China's GDP growth rate is at a 3-year low, yet still above 7%. As anticipated, the broader beverage industry in China has felt the impact of this economic slowdown. Despite this, our business in China delivered 7% growth in the second quarter, while cycling a strong 21% growth from last year. Year-to-date growth in China was a solid 8%, cycling 17% from last year. The rightsized packaging efforts we put in place in China last year keep generating consistent, strong incremental transactions, in line with our expectations. As such, both sparkling beverage and total beverage transactions were up double-digits for both the quarter as well as year-to-date in China. And importantly, we once again captured both volume and value share in the sparkling category — beverage category in China this past quarter. We're very excited about our opportunities in this region. Our clear focus on building our business for sustainable growth provides us with confidence that China will continue to serve as a double-digit growth market over the long term. Question-and-Answer Session Bonnie Herzog – Wells Fargo Securities, LLC, Research Division I had a question on China. You talked about the volume in China slowing due to the economic slowdown. So I was hoping you could provide a little more color on some of the symptoms of a soft landing you're seeing in your business by some of your key categories, and then possibly by area or region. And then I also would be curious to hear how your business in China performed in the quarter compared to what your expectations were early on this quarter. Muhtar Kent I think during our last earnings call, again, I think we shared our expectation that our volume growth in China might moderate to some extent as, a, the business is not going to be totally immune to the cooling, particularly along the coastal areas of China. And I think as anticipated, the broader beverage industry in China has also felt the impact of that slowdown in the first half of 2012. But also — and so it was not — in terms of expectations, it's probably where we expected the business to land in terms of how we saw the marketplace developing. I think, year-to-date growth in China being a solid 8%, cycling plus 17% from prior year, I believe we're content. But certainly, we'll always try to achieve double-digit growth. But importantly, I think the rightsizing packaging efforts that we put into place in China last year continued to generate consistent incremental transactions, in line with our expectations. In fact, a little bit ahead of our expectations. And as such, total beverage transactions — and you've heard us talk about transactions being really a really very good metric for the health of the business — were up double-digits for both the quarter, up about 12%, and also on a year-to-date basis, up about 14%. So just want to stress that, a really important point. And again, we captured both volume and value share significantly in the sparkling beverage category in China in this past quarter. And our brands, particularly in the sparkling category, have been doing very well. And transactions, as I say, which is a great health of the business, have been progressing well. In terms of regions, I think the northern regions and the regions — more inland regions are doing a little better than the coastal regions in China. And I think we'll continue to see that throughout the year as some consumers have moved back into the central and inland regions of China, given some of the slowing down of the export businesses along the coast. |
| China doubles loans to Africa to $20 billion Posted: 19 Jul 2012 12:37 PM PDT  Source: By Carol Huang (AFP) BEIJING — China said Thursday it would offer $20 billion in new loans to Africa, underscoring the relationship's growing importance, as Chinese companies agreed to operate more responsibly on the resource-rich continent. But its aggressive move into the continent has at times caused friction with local people, with some complaining Chinese companies import their own workers, flout labour laws and mistreat local employees. The loan pledge, made by President Hu Jintao as he opened a Beijing forum on China-Africa cooperation, is double the amount China agreed to lend to Africa at the last such event in 2009 and will cover the next three years. Addressing African leaders including South African President Jacob Zuma and Kenya Premier Raila Odinga, Hu said the loans would focus on supporting infrastructure, manufacturing and the development of small businesses. "China and Africa's destinies are closely linked, Chinese and African friendship is deeply rooted in the hearts of the people on both sides," he said. "China sincerely supports African countries as they pursue their own development paths, and will sincerely assist African countries in strengthening their ability to develop independently." Hu also promised training and scholarships for African professionals and students, assistance with healthcare, customs and excise and financial support for the African Union. South Africa's Zuma thanked China for treating African countries as "equals", but he cautioned against allowing an unequal trade relationship to persist in which Africa mainly supplied raw materials. "This trade pattern is unsustainable in the long term," he told the China-Africa Cooperation Forum. "Africa's past economic experience with Europe dictates a need to be cautious when entering into partnerships with other economies. "We are particularly pleased that, in our relationship with China, we are equals and that agreements entered into are for mutual gain." Africa's rich natural resources are its main export to China, which needs minerals to fuel its massive economic growth, while the continent's major imports are mechanical or electrical products.  Trade between the Asian powerhouse and the continent hit a record $166.3 billion last year, from less than $20 billion a decade earlier and up 83 percent on 2009, according to government data. Once seen as strictly interested in extracting raw resources and investing in infrastructure, China has interests on the continent that are increasingly shifting to investing in institutions and governments, experts say. UN chief Ban Ki-moon, speaking at Thursday's forum, said cooperation with China was "creating opportunities for African countries to diversify their economies, create jobs and improve healthcare and education". But anti-Chinese sentiment has grown in recent years and Zambia's current president tapped into this to win office in 2011, one year after two Chinese managers shot at 11 local workers protesting over poor pay and work conditions. On Thursday, Chinese state-run bodies operating in Africa signed a declaration of social responsibility in which they pledged to respect local customs, pay more tax and protect the environment, among other measures. Sponsors of the declaration included the State Development Bank, the China-Africa Development Fund, and China Non-Ferrous Metals Group. "Chinese companies operating in African countries are paying increasing attention to the fulfilling of their social responsibilities as well as making profits and getting economic returns," said Yu Ping, vice chairman of the China Council for the Promotion of International Trade. |
| Posted: 19 Jul 2012 12:37 PM PDT Have You Heard…   |
| VIDEO: China pledges $20bn credit for Africa Posted: 19 Jul 2012 01:59 PM PDT China has pledged $20bn (£12.8bn) in credit for Africa over the next three years, in a push for closer ties and increased trade. |
| Protest over attack on Chinese vessel Posted: 19 Jul 2012 10:56 AM PDT CHINESE Vice Foreign Minister Cheng Guoping has protested to Russia over an attack on a Chinese fishing vessel, which left a fisherman missing. |
| Central government reveals its spending in 2011 Posted: 19 Jul 2012 10:29 AM PDT THE central government yesterday unveiled how public money was spent, with 98 government departments and public institutions publishing their expenditure online for the second year. According to the figures, central government departments spent 9.36 billion yuan (US$1.48 billion) on receptions, vehicles and overseas trips, also known as "the three public consumptions," last year, using funds allocated by the central authorities. About 2 billion yuan was spent on overseas trips, 5.9 billion yuan on the purchase and maintenance of vehicles, and about 1.5 billion yuan on public receptions. The central authorities plan to budget 7.98 billion yuan for central government departments and public institutions to spend on the three items this year. The 1.38 billion yuan reduction is due to the exclusion of such expenditure by the armed police, the Ministry of Finance said. "Compared with last year's brief reports, the statements on public consumptions by central government departments were more detailed this year, marking another step forward in improving transparency," said Liu Jianwen, a law professor at Peking University. Liu viewed the publicizing of government spending as a breakthrough in the country's fiscal system. "It is also a major measure to reform the political system," he said. Many central government departments included more items in their revenue and expenditure reports this year, such as the number of people traveling overseas and newly purchased vehicles. Some departments, however, gave only obscure explanations for their spending, with some relevant figures omitted, such as the number of staff taking overseas trips. "Putting everything in the sunshine is the best way to fight corruption," Liu said. Administrative costs, which cover wages, allowances and bonuses, and office and travelling expenses, rose 1.42 percent year on year to 89.97 billion yuan among central government departments and public institutions last year. "Even though the government has made progress in publicizing information, we still fail to live up to the public's expectation," said Bai Jingming, deputy director of the Research Institute for Fiscal Science with the finance ministry. "We need time to build an improved and transparent budgetary system." |
| Russia, China veto UN resolution Posted: 19 Jul 2012 10:28 AM PDT Russia and China vetoed a Western-backed UN Security Council resolution yesterday that threatened Syrian authorities with sanctions if they did not pull out troops and heavy weapons from towns and cities. The resolution, which would have extended a UN observer mission in Syria for 45 days, received 11 votes in favor, while South Africa and Pakistan abstained. The 15-member council still has time to negotiate another resolution on the fate of the unarmed mission before its initial 90-day mandate expires tonight. Britain, France, Germany and the United States proposed in the draft resolution that international envoy Kofi Annan's six-point peace plan be placed under Chapter 7 of the UN Charter, which allows the council to authorize actions ranging from diplomatic and economic sanctions to military intervention. Western council members have said they are talking about a threat of sanctions on Syria, not military intervention. The draft resolution had contained a specific threat of sanctions if Syrian authorities did not stop using heavy weapons and withdraw troops from towns and cities within 10 days. But Russia made clear days ago it would block any resolution under Chapter 7. In explanatory speech after the vote, Russian UN envoy Vitaly Churkin called the draft resolution "biased." "The sanctions leveled exclusively at the Syrian government, counter the spirit of Geneva's document and does not reflect the reality in the country today," he said. |
| Girls forced into sex to bring men 'good luck' Posted: 19 Jul 2012 09:26 AM PDT EIGHT girls, many of them under the age of 14, were beaten up and forced to become prostitutes in a city in northeast China where four men have now been charged with having sex with them. The girls had been abducted in Yingkou in Liaoning Province and held captive to provide sexual services, it was reported. When they resisted, according to Law and News magazine, they were violently assaulted and fed drugs to make them comply. Local government officials and businessmen were among five suspects arrested. They believed that having sex with teenagers would bring them good luck, the report said. Two girls, who the magazine named as Yang Yun, 13, and Li Xue, 14, had been persuaded by a senior student, Wang Yue, to meet 22-year-old Lin Li, who organized the prostitution ring, in September 2011. Yang said: "She told me she would spread rumors in my school and my house would be pulled down if I didn't listen to her." The two girls were ordered to beat each other and fed with drugs under the supervision of Lin and Wang. They were also forced to wear high-heel shoes and dress in such a way that they could pass as 17-year-olds, the report said. Li told the magazine that she had begged on her knees to a middle-aged man to let her go when she had been locked in a hotel room. But he ignored her pleas, she said, saying it was useless to resist. "I've paid for it," he told her. Afterward, Wang reportedly gave Li 500 yuan (US$78.45). The following day, Li resisted Lin and Wang's demands, but was then beaten up for nearly 90 minutes, leaving bruises all over her body. The two girls were freed 18 days later after relatives called the police. Yang shivered and cried: "I was sold" when she was reunited with her mother, the magazine said. Lin was prosecuted for forcing underage girls into prostitution but the court has not yet announced a verdict. Four men have been charged with having sex with underage girls, a crime that carries a more lenient sentence than a charge of rape. Online, there were many comments about the charge being a special one for people in power so that they could escape the harsh penalty. And there was concern the victims would suffer discrimination because it might be thought they had sex willingly. |
| Posted: 19 Jul 2012 09:00 AM PDT POLICE in an eastern China city have shut a porn website using a US-based server and captured 31 people suspected of operating it, including the ringleader, a disabled primary school dropout. The website had nearly 40,000 registered members and 10,000 daily viewers in China, police in Nantong, Jiangsu Province, said. Thirty-one suspects, including the ringleader, surnamed Liu, have been arrested in 18 provinces and regions, including Shanghai, Beijing and Xinjiang Uygur Autonomous Region. Liu, 27, a native in Xi'an in Shaanxi Province, dropped out of primary school when his legs became paralyzed in second grade. Other major ring members included a university student majoring in computers and a 59-year-old civil servant, according to Xinhua news agency. Liu, called "Lufei" on the Internet, said he found pornographic websites charge high membership fees and was inspired to set one up as a way out of financial distress. He then rented a foreign server at a low price, Xinhua said. Liu failed to gain a large following until a university student, called "Qiaoba" on the Internet, volunteered to join his team without pay at the end of last year. In February, "Qiaoba" introduced the 59-year-old civil servant identified as "jsrd" to be deputy administrator of the website. The man said he risked taking part in the illegal business just one year before he could retire because he was "obsessed with the power." |
| Sale of 'Olympic torches' banned on Taobao.com Posted: 19 Jul 2012 09:00 AM PDT OLYMPIC torches and any other unauthorized articles with the London 2012 Olympic logo have been banned from sale on China's biggest online retailer Taobao.com, a website official said. The announcement was issued after online vendors were found selling Olympic torches, which they claimed to be genuine articles from the London 2012 Olympics, at prices that exceeded 70,000 yuan (US$10,982) each. Others were seen selling replica torches at lower prices, around 2,200 yuan each. A vendor surnamed Luo told Shanghai Evening News that he was selling genuine Olympic torches which he said he bought directly from torch bearers in London. Luo told the newspaper that buyers had to pay a deposit of 6,000 yuan and it would take one or two weeks to deliver the goods. Another vendor said that a total of 15,000 torches were prepared for the London 2012 Olympic Games. Among them, 8,000 were used in torch relay and the rest were backups or gifts for senior government officials. Torches being sold online at high prices are the backup ones, which can be extremely valuable to collectors, the newspaper quoted the vendor as saying. Some other vendors told Shanghai Daily yesterday that they were selling torches with permission from the Organizing Committee for the Olympic Games. But according to Shanghai Evening News, an official with the committee announced that they have prepared backup torches, and the total number is below 7,000. The official said that it was impossible for anyone to get backup torches from the committee. In response, a Taobao official told Shanghai Daily that the torches and some other Olympic goods were banned from being sold on the site. |
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