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- China policies to promote the booming asset-management industry
- HTC to acquire 17.1% stake in Magnet for US$35.4 million
- Three Gorges Dam sees new round of flooding
- Satellites to help Beijing expose fake forestry projects
- When Coming-of-Age Has Already Gone By
- Li Yuchun to kick off world tour in Gaultier dresses
- Banks warned of forex risks by China's regulator
- CNOOC H1 profits falls 19%
- Mystery grips Urumqi as Apsara statue demolished
- CNOOC H1 profits falls 19%
- 50,000 expected to take part in Xiamen trade fair
- Chinese visitor surge buoys New Zealand tourism
- Apple manufacturer Foxconn improves on Chinese workers' hours and safety
- China and Japan are stirring up an old animosity | Isabel Hilton
- Apple becomes most valuable company in history
- Senior Guangdong official sacked for graft
- Chinese entrepreneurs invest US$250m in Mozambique agriculture
- China issues 3.23bn bank cards as of end of June
- Top China Stories from WSJ: Stimulus Spending, Foxconn, Google Sidelined
- Liquor producer Wuliangye Group to invest US$15bn in M&As
| China policies to promote the booming asset-management industry Posted: 22 Aug 2012 05:18 AM PDT China's banking and financial regulators launched policy reforms at the beginning of this year, such as the marketization of interest rates, with the aim of creating a fair market environment for the ... | ||
| HTC to acquire 17.1% stake in Magnet for US$35.4 million Posted: 22 Aug 2012 05:14 AM PDT Taiwanese smartphone maker HTC announced Monday that it would invest US$35.4 million to acquire a 17.1% stake in Magnet Systems, the developer of an enterprise mobile applications platform. "The inv... | ||
| Three Gorges Dam sees new round of flooding Posted: 22 Aug 2012 05:14 AM PDT Continuous rainfall near the upper reaches of the Yangtze, China's longest waterway, has caused water levels on the Three Gorges Dam to surge, bringing a new round of flooding to the dam. As of 8pm M... | ||
| Satellites to help Beijing expose fake forestry projects Posted: 22 Aug 2012 05:14 AM PDT Beijing's afforestation watchdog has said it will turn to satellite monitoring to expose fake green drives in the city and prevent the misuse of plantation funds, local media reported on Tuesday. "To... | ||
| When Coming-of-Age Has Already Gone By Posted: 21 Aug 2012 08:30 PM PDT "GF*BF" uses mid-'80s Taiwan as the backdrop for a coming-of-age tale that grows more complex when its three main characters form a love triangle. | ||
| Li Yuchun to kick off world tour in Gaultier dresses Posted: 22 Aug 2012 04:14 AM PDT Chinese singer Li Yuchun, also known as Chris Lee, is set to kick off a worldwide tour with her first performance at the Master Card Center in Beijing on August 26. The performance will feature no... | ||
| Banks warned of forex risks by China's regulator Posted: 22 Aug 2012 04:02 AM PDT Chinese banking authorities have warned domestic commercial banks to take precautions against rising risks of imbalance between foreign exchange receipts and payments. Overseas claims by Chinese ba... | ||
| Posted: 22 Aug 2012 03:46 AM PDT China National Offshore Oil Corporation Limited — the country's largest offshore oil producer — has seen its half-year net profits fall 19% to 31.87 billion yuan (US$5.02 billion). The declining... | ||
| Mystery grips Urumqi as Apsara statue demolished Posted: 21 Aug 2012 05:44 PM PDT An 18-feet statue of 'flying Apsara' has been demolished in the Muslim-dominated Urumqi city in western China 11 days after it was put up at a major intersection by the local municipal authorities. 
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| Posted: 22 Aug 2012 03:46 AM PDT China National Offshore Oil Corporation Limited — the country's largest offshore oil producer — has seen its half-year net profits fall 19 % to 31.87 billion yuan (US$5.02 billion). The declining ... | ||
| 50,000 expected to take part in Xiamen trade fair Posted: 22 Aug 2012 03:30 AM PDT Nearly 500 organizations from more than 100 countries have confirmed their attendance at the 16th China International Fair for Investment and Trade, which is scheduled to open in the coastal city of X... | ||
| Chinese visitor surge buoys New Zealand tourism Posted: 22 Aug 2012 03:26 AM PDT The number of overseas visitors to New Zealand last month was down by 1% from July last year despite a surge in the number of Chinese tourists, the government statistics agency announced Tuesday. ... | ||
| Apple manufacturer Foxconn improves on Chinese workers' hours and safety Posted: 21 Aug 2012 02:49 PM PDT  Facing mounting criticism, factories have made significant changes, but bigger steps are ahead for electronics supplier Foxconn, Apple's top manufacturer, has improved safety conditions and cut working hours in an effort to resolve violations at its plants that triggered a global scandal for the iPad and iPhone maker. The Taiwanese company submitted to an audit by an independent group, the Fair Labor Association (FLA), after reports of suicides and abusive conditions at several of its factories in China. Tim Cook, Apple's chief executive, asked the FLA to investigate after a series of reports into working conditions at Apple's key supplier. In February and march the FLA found at least 50 violations of local regulations at Foxconn plants in Chengdu, Guanlan and Longhua. The FLA said Foxconn had made significant improvements such as introducing more breaks and better maintenance of safety equipment. The company more than doubled wages after protests from worker groups and is backing a local law adjustment that will extend unemployment insurance. Foxconn had completed all the 195 actions that were due at the time of the FLA's report and another 89 action items were completed ahead of their deadline, according to the FLA. Another 76 actions are due over the course of the next year. But the FLA said Foxconn faces more challenges in the coming months. Foxconn has reduced hours to under 60 per week including overtime and is aiming to reach full compliance with the Chinese legal limit of 40 hours per week plus an average of nine hours of overtime per week. "The next phase of improvements will be challenging for Foxconn because they involve major changes in the working environment that will inevitably cause uncertainty and anxiety among workers. As Foxconn prepares to comply with the Chinese legal limits on work hours, consultation with workers on the changes and implications will be critical to a successful transition," said FLA president Auret van Heerden. Foxconn is the world's biggest electronics contract manufacturer. As well as being Apple's largest supplier Foxconn, which employs about a million people, makes products for Sony, Hewlett-Packard, Cisco Systems and others. Criticism of the company has been mounting for years. In 2009 a 25-year-old worker committed suicide, reportedly after losing an iPhone prototype. After a spate of suicides Foxconn installed nets around the edges of some buildings to prevent people jumping off roofs. In January following a New York Times article that documented problems inside its supplier factories Cook emailed staff worldwide to say: "we care about every worker in our worldwide supply chain. Any accident is deeply troubling, and any issue with working conditions is cause for concern. Any suggestion that we don't care is patently false and offensive to us." guardian.co.uk © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds
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| China and Japan are stirring up an old animosity | Isabel Hilton Posted: 21 Aug 2012 11:00 AM PDT  In a dispute over islands, both countries are using false histories and present ambitions to stoke a dangerous nationalism Old quarrels take new forms when the world's power balance shifts. The Japanese and Chinese nationalists squaring up over disputed islands in the East China Sea are in the grip of geopolitical rivalries, jockeying for position on the new map that China's rise has created. Their deeper animosity goes back into the misuse of their troubled, shared history. When China's climb out of the economic trough began in the 1990s, the US was the world's biggest power, Japan the second biggest economy, and the Soviet empire recently deceased. Today, China is the world's second largest economy, Japan has stagnated for two decades, and US power looks less impressive than it did. As China flexes its muscles, the US shift in focus to the Pacific has come not a minute too soon for some of Beijing's nervous neighbours. Asia's maritime borders, and ownership of the oil and gas beneath the East and South China seas, are disputed between Vietnam, Thailand, Taiwan, the Philippines, South Korea, China and Japan – but as China grows, so does its unilateral assertion of claims. Two years ago it announced the South China Sea was a "core interest", in an unsuccessful attempt to stick a "keep out" sign on the dispute for the US to read. In July, Beijing elevated an island-based military garrison to city status, unilaterally giving it administrative responsibility over the entire South China Sea. In the East China Sea, things have been equally tense. In April Shintaro Ishihara, Tokyo's governor, provocatively announced a public fund to buy several of the islands from private Japanese citizens. His action embarrassed the government and inflamed Japanese sentiments, provoking a reaction from Chinese nationalists: on 15 August, the anniversary of Japan's 1945 surrender, a group of Chinese citizens landed and raised Chinese flags on the islands. They were swiftly deported to Hong Kong, precipitating the worst anti-Japanese demonstrations since 2004. The animosity is much older. For centuries China saw Japan as a vassal state and loftily accepted tribute from a people they regarded as inferior. In the 19th century, when Japan cast off its feudal system and modernised, the shock to China was the greater because of its historic contempt. When, in 1894, Japan defeated China militarily, the humiliation was felt across the nation. China set out to learn from Japan's transformation but was powerless to prevent Japan's imperial expansion and brutal occupation. Even after Japan's defeat in 1945, Japan's economic success and close relationship with the US perpetuated Chinese resentment. That Japan is the focus of popular rage in China today is less surprising, given this history, than the fact that until the late 1970s visiting Japanese were greeted in China with professions of friendship. It was only after the Chinese regime sent tanks to crush the Tiananmen democracy movement in 1989 that nationalist animosity became official policy. In the version of history elaborated after 1989, malign foreigners are China's enemy and the cause of the century of "national humiliation" from the 1840s to the founding of the People's Republic in 1949. "National humiliation" is now commemorated in scores of freshly built museums and taught to successive generations of school children. Among China's enemies, Japan occupies a special place as a brutal territorial aggressor. China complains constantly, and unfairly, that Japan has failed to apologise for its war crimes; the visits of successive Japanese leaders to the Yasukuni shrine, with its unrepentant imperialist message, infuriates China every year. Both sides distort history. Japan's notorious school textbooks are vague on war crimes; Chinese accounts of Japanese atrocities in films and school history books spare no gruesome detail. Japan as the source of inspiration and finance for a generation of Chinese political reformers, including Sun Yatsen, China's democratic revolutionary leader, is all but forgotten. Both the Chinese nationalists (the Kuomintang) and the Communist party claim to have defeated Japan in the war of resistance; the larger theatre of the second world war, the role of the US and the atomic bombs on Hiroshima and Nagasaki take a back seat. Both governments have stoked nationalism for domestic purposes. Now they risk being held hostage to the indignation of the street. As Asia's geostrategic map shifts, such incidents, demonstrations and provocations will recur, stimulated by false histories and present ambitions. These are dangerous games, and both governments should ensure that more sober stories prevail. These maritime disputes are a test of Asia's capacity to co-operate for mutual benefit. Failure means everybody loses. guardian.co.uk © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds
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| Apple becomes most valuable company in history Posted: 22 Aug 2012 03:14 AM PDT Apple on Monday became the most valuable company in history after a surge in its stock price, beating the record set by Microsoft in December 1999. Apple's stock price topped US$660 per share, push... | ||
| Senior Guangdong official sacked for graft Posted: 22 Aug 2012 03:10 AM PDT A senior official in south China's Guangdong province has been removed from his post for violating party discipline, the provincial anti-graft watchdog said Monday. Xie Pengfei, 61, was removed fro... | ||
| Chinese entrepreneurs invest US$250m in Mozambique agriculture Posted: 22 Aug 2012 03:10 AM PDT Authorities in the southern Mozambican province of Gaza said that a group of Chinese businessmen is investing US$250 million in agriculture in the Limpopo Valley. The investors are from Hubei province... | ||
| China issues 3.23bn bank cards as of end of June Posted: 22 Aug 2012 03:10 AM PDT China issued 3.23 billion bank cards as of the end of the second quarter, an increase of 20.6% from a year earlier, the central bank said Monday. The growth rate was 2.6 percentage points higher t... | ||
| Top China Stories from WSJ: Stimulus Spending, Foxconn, Google Sidelined Posted: 21 Aug 2012 06:32 PM PDT Some of China's big cities are announcing large investment plans intended to boost slowing growth rates; top Apple supplier Foxconn has fixed some of the most pressing workers' rights violations; Google faces intensifying challenges in China. | ||
| Liquor producer Wuliangye Group to invest US$15bn in M&As Posted: 22 Aug 2012 02:06 AM PDT Mergers and acquisitions are expected to increase in the Chinese liquor industry in the next few years, with leading producer Wuliangye Group announcing at a recent event that it would invest nearly 1... |
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