China news on 9/23/2011

News Sources:
AFP (4)
AP (2)
BBC (2)
Bloomberg (5)
Guardian (2)
New York Times (6)
Reuters (4)
Telegraph (1)
Washington Post (1)
WSJ (6)
Xinhua (4)

Friday, September 23, 2011»

WSJ Mercedes Slows in China

9/23/2011 10:08:05 PM GMT
Sounding the latest warning signal about slowing economic growth in China, Mercedes-Benz said its luxury-car sales gains in the country slowed in July and August after a torrid first half.

WSJ Chinese Turbine Firm Tied to Theft

9/23/2011 9:01:00 PM GMT
A former American Superconductor employee pleaded guilty in Austria to criminal charges involving the theft and sale of the U.S. company's software to a Chinese wind turbine maker that was once its biggest customer.

WSJ Riots Erupt Over Land in South China

9/23/2011 9:01:00 PM GMT
Police in southern China struggled to quell violent protests over alleged government land grabs that so far have left more than 10 police injured, in the latest sign of unrest in the country's most important manufacturing region.

Reuters Europe to decide on EFSF by next G20: China's Zhu

9/23/2011 6:58:00 PM GMT
The European Union will make a clear decision about boosting the capital of the European Financial Stability Fund before the next Group of 20 finance ministers meeting in mid-October, said Chinese Deputy Minister of Finance Zhu Guangyao.

AFP Chinese tourist seized, beaten up and driven HOME 업 비트 상장 예정 코인

9/23/2011 5:21:05 PM GMT
A Chinese tourist in Beijing was dragged from his hotel room, savagely beaten, driven home and dumped unconscious at the roadside after being taken for a petitioner, according to state media report.

AFP Apple opens Hong Kong store in China push

9/23/2011 5:21:05 PM GMT
Apple threw open the doors to its first store in Hong Kong, its latest push to tap the booming China market, as shoppers were greeted with boisterous chanting and high-fives from staff.

Reuters U.S. sees China fallout from Taiwan arms, no breach

9/23/2011 5:21:05 PM GMT
The United States expects some fraying of relations with China over its $5.3 billion plan to upgrade Taiwan's F-16 fleet but not as "shrill" a reaction as if it had met the request for new fighter jets, the top U.S. military commander in the region told Reuters on Friday.

Bloomberg Apple Opens First Hong Kong Store as Retail Spending Surges

9/23/2011 5:18:04 PM GMT
Apple Inc. opened its first store in Hong Kong today, paring reliance on sales agents to market its iPhones and iPads as Chinese tourists drive a retail boom in the city. Some customers queued two nights for the event.

Bloomberg Apple Opens Its First Store in Hong Kong as Retail Spending Surges in City

WSJ Offshore Yuan Hit by Selloff

9/23/2011 11:37:00 AM GMT
A scramble for U.S. dollar funds by investors caused a big selloff in the offshore Chinese currency, leading it to trade at the widest-ever discount to its mainland counterpart.

Guardian Zambia swears in new president

9/23/2011 11:27:01 AM GMT
Michael Sata, who once worked as a platform sweeper at London's Victoria station, was sworn in as Zambia's president on Friday after an upset poll victory that ushered in a smooth handover of power in Africa's biggest copper producer.

WSJ Jet Sale Tests New U.S. Envoy to China

9/23/2011 10:42:05 AM GMT
The U.S. decision to upgrade Taiwan's fighter jets marks the end of Gary Locke's honeymoon as the U.S.'s first Chinese-American ambassador to China.

Bloomberg Emerging-Market Stocks Plunge, Posting Biggest Weekly Decline Since 2008

9/23/2011 7:38:02 AM GMT
Emerging-market stocks dropped, with the benchmark index posting its biggest weekly loss since 2008, as concern deepened that the global economic slowdown will overwhelm government efforts to support growth.

AFP China makes Arab trade push on ancient Silk Road

9/23/2011 6:06:03 AM GMT
As European and US economies falter, China is making a trade push with the Arab world, where businessmen say recent political changes will further open up the region to investment.

Washington Post Slowdown, debt worries in China add to global anxiety

9/23/2011 5:13:00 AM GMT
This week’s massive sell-off in world markets was sparked, at least in part, by fears that China’s huge economy may finally be cooling off. A managed slowdown this year has been the stated goal of China’s economic policymakers, worried about steadily rising inflation and an overheated property market.