Samedi 19 mars 2011

Five percent

China's manufacturing sector growth in the fourth quarter as a whole was the strongest since the first quarter of 2010, it said.A reading above 50 indicates expansion on the month, while a figure below 50 denotes contraction, the report said.The PMI also showed that inflationary pressure remained elevated in December, though had perhaps peaked, it added.HSBC's China Purchasing Managers' Index (PMI) fell to a three-month low in December as output and new orders both eased, but the country's vast manufacturing sector continued to expand strongly towards the year-end, Reuters reported Thursday.The index, which is designed to provide an early indication of conditions in a broad range of industries, dipped to 54.4 from 55.3 in November but remained above the long-run series average of 52.3, according to the report.The joint venture, named Ping An UOB Fund Management Co Ltd, will have a paid up capital of 300 million yuan ($45 million), in which UOB Asset will hold a 25 percent stake, it reported. According to the report, Ping An Trust, a unit of Ping An Insurance (Group), and Sanya Yingwan will hold 64 percent and 11 percent of the remaining shares respectively.

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The biennial paper opted for a harsher description of the DPRK than the more nuanced "direct military threat," adopted by the previous liberal administration of Roh Moo-hyun.But it still stops short of calling the DPRK the "main enemy" of ROK, as many had predicted in the wake of Pyongyang's alleged torpedo attack on a ROK warship in March and the artillery exchange between the two sides near a ROK island in November.The controversial "main enemy" tag, introduced in 1995, was dropped in 2004 by Roh amid growing reconciliatory mood between the former wartime rivals.Poly (Hong Kong) had decided to focus on second- and third-tier cities, where there was more real demand and less speculation, executives said.Housing prices in China have risen strongly since the second half of last year, with speculation rife in first-tier cities, such as Shanghai, where prices have risen by almost 20 percent this year, the report said.Xue said despite the cooling measures implemented this year, including higher mortgage rates and restricted lending in the property sector, he expected the government to introduce more if prices rise further, it reported.The DPRK's government-run website Uriminzokkiri protested Wednesday Seoul's decision to call it names, claiming the move amounts to a "declaration of war." Poly (Hong Kong) Investments Ltd has set a higher sales target for next year as the mid-sized Chinese developer focuses on second- and third-tier cities, which are less vulnerable to government tightening measures, Reuters reported Thursday.Poly (Hong Kong) Investments Ltd set a sales target of 18 billion yuan ($2.3 billion) for next year, 64 percent higher than its recorded sales of 11 billion yuan for this year, which itself exceeded a target of 10 billion yuan, the report cited the company's chairman."There are some uncertainties and volatility in next year's housing market, especially with the government likely to continue its tightening measures," Chairman Xue Ming said during a shareholders' meeting, the report said.

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General Motors Co (GM), Geely Automobile Holdings Ltd and BYD Co said growing demand for cars in China will outweigh the impact from the end of tax incentives that boosted sales, Bloomberg News reported Thursday. According to the report, Geely and BYD said that new models and other government measures supporting car sales will offset a higher sales tax announced by the government on Dec 28. Kevin Wale, GM's China president, said last week the nation's economic growth and an increasing pool of new car buyers will help deliveries increase in 2011."Some of the government incentives will be taken off, but there is tremendous underlying demand," Wale said on Dec 20. Measures including consumption-tax cuts, subsidies for rural car-buyers and incentives to trade in older models helped China's industry-wide vehicle sales jump 46 percent last year to 13.6 million and 34 percent during the first 11 months of 2010, the report said.China, the world's largest auto market, said Tuesday it will raise the tax on vehicles with engines of 1.6 liters or smaller to 10 percent from 7.5 percent next month, said the report, adding that the tax was five percent in 2009.China's auto sales may rise to 18 million units this year, making the nation the world's largest auto market for a second year, the report said. EBay Inc's PayPal business will set up an international e-commerce hub in Chongqing, as the company aims to boost exports from the nation by helping merchants conduct faster cross-border trade, Bloomberg News reported Thursday. "This is the first time in the world for PayPal where we are doing such a wide-ranging, comprehensive partnership with a government," the report cited Seow's e-mail response as saying. "In this case, we are looking to develop the local e-commerce industry in inland China to help Chinese merchants build up their capabilities to conduct cross-border trade."California-based eBay first entered China in 2002. Competition from Alibaba's auction business Taobao.com cut its market share by half, prompting it to shut down its China site in 2006, according to the report.PayPal will have more than one million merchants in China by the end of this year, Seow said.The foreign exchange settlement solution that PayPal will develop with the Chongqing government is needed because China currently allows individuals to convert to yuan overseas payments of only up to $50,000 a year, Seow said.The Chongqing government will work with agencies including the State Administration of Foreign Exchange to get regulatory approval for a settlement service that is expected to begin in the middle of next year, he said. PayPal agreed with Chongqing's municipal government to set up the center to offer foreign exchange settlement, telesales, training, verification and other services, said Dickson Seow, a Singapore-based spokesman.Helping local companies connect with global customers will boost eBay's transaction volume from China more than 80 percent to $4 billion this year, Chief Executive Officer John Donahoe said in September. eBay is counting on PayPal and local partnerships to expand revenue from China after failing to gain a foothold to compete against Alibaba Group, the report said.
Par andayhan - 8 commentaire(s)le 19 mars 2011

Harder for people with low

Companies of modest size such as Hainan Rubber are expected to make up the majority of new IPOs coming to the market in 2011, said Zhang Ying, an analyst at Industrial Securities in Shanghai.According to the report, Hainan Rubber said its IPO proceeds will be spent on expanding its rubber production, upgrading technology and supplementing working capital.The company has not yet set its listing date, saying it will list as soon as possible following the final pricing, the report said.According to the report, global IPOs have hit a record this year with companies expected to have raised more than $300 billion in IPO proceeds, said advisory firm Ernst & Young.Chinese issuers made up over 46 percent of global IPOs in terms of IPO proceeds, raising $117.9 billion in 442 deals for the first 11 months of 2010, the firm said.Users of the Internet calling and messaging service will be able to use both Wi-Fi and AT&T Inc.'s 3G cellular network. FaceTime software, which comes with iPhones, works only with Wi-Fi.The app, which is being released Thursday through Apple Inc's iTunes Store, will let iPhone 4 and iPhone 3GS users make free video calls to other Skype users who are using the app or have access to the feature using Skype on their computer or other video phone.Those with the latest iPod Touch will be able to make video calls over Wi-Fi. The app allows the iPad and previous-generation iPod Touch to receive video calls, too, Skype said.Skype's software offers free services such as voice or video calls to other Skype users.Users pay to do things such as make calls from a PC to a landline or cell phone.In the first half of 2010, video calls made up 40 percent of all minutes spent using Skype's free calling services, the company said.

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Premier Wen Jiabao on Sunday also assured the people that the government will adopt effective measures to curb inflation and control housing prices."The recent rise in housing prices across the country has actually made life even harder for people with low and medium incomes," Wen said. "But we are fully able to keep prices at a reasonable level with a series of measures."He also said the government will work to increase the supply of affordable housing and strictly control speculation in property.The country will start to build 10 million units of government-subsidized property in 2011, nearly double this year's 5.8 million units, Wen said.Housing prices will be back to reasonable levels as a result of these efforts, the premier said.The consumer price index (CPI), a main gauge to measure inflation, rose to a 28-month high of 5.1 percent year-on-year in November, according to figures from the National Bureau of Statistics.Food price rises contributed to 74 percent of the CPI growth for the month.In a bid to control inflation, the government has increased the bank reserve requirement ratio six times and lifted interest rates twice this year.Moreover, authorities have introduced a package of measures including cutting fees for transportation of agricultural products and intensifying the crackdown on food price speculation.According to Myyouse.com, a Chinese website specializing in nonferrous metals information, the copper supply is adequate in the spot market with prices ranging from 67,850 yuan to 68,050 yuan per ton, which is considered a high-risk range by industry insiders, the newspaper said.Guo Lixin, the website's analyst, told the newspaper the domestic copper market has shown weak signs for almost half a month mainly because of the market's cautious wait-and-see attitude. The higher the risk is, the less the procurement will be, he said.Analysis showed that the high copper price may be triggered by the copper exchange trade fund, or ETFs, that opened trading on Dec 10. A large stock of copper ETFs may lead to short supply in the spot market, according to the news report. The detainees were arrested in the northwestern town of Sardasht in West Azarbaijan province, an unnamed source was quoted as saying."These people were identified a month ago and were subsequently detained by an order by judicial authorities," the source said according to the report.In the past Iran reported the arrest of hundreds of al-Qaida members who tried to cross the country.Seven members of al-Qaida have been arrested by Iran's security forces in western part of the country along the border with Iraq, the local English language satellite Press TV reported Thursday.China Hainan Rubber Industry priced its Shanghai initial public offering (IPO) at the top end of an indicative range, raising $709 million in what could be a harbinger of a steady deal flow next year in China, the world's top market for IPOs, Reuters reported Thursday.Hainan Rubber, a leading Chinese rubber producer based in the southern island province of Hainan, set the offer price for its IPO at 5.99 yuan (90 cents) a share, said the report, citing a statement published on Thursday.
Par andayhan - 0 commentaire(s)le 19 mars 2011

Nonsense that he read today

According to the new policy, people with Beijing hukou (residency permits) who receive minimum living allowances from the civil affairs departments will receive an extra monthly subsidy of 100 yuan from BDPF.The plan also targets disabled women aged 16 to 55, and men aged 16 to 60, who are unemployed or without steady incomes and are excluded from receiving civil affairs departments' financial assistance.People with mild disabilities will receive 100 yuan a month.The policy also stipulates that BDPF will assist severely disabled people according to their hukou types. Rural residents will qualify for 480 yuan a month and urbanites can receive 300 yuan a month.Perhaps nobody can better testify as to how the government's policies benefit people living with disabilities than Jiang Donghuan, who got a triple shot of good news in 2010.The 42-year-old Beijing resident has been confined to bed for 28 years since she was paralyzed by rheumatoid arthritis.Life was hard for Jiang, whose chronic disease caused incessant physical pain. She lived off 1,040 yuan a month, which she received for relocation compensation, she said."My husband can't go out to get a job, because my health condition requires 24-hour care," she said."And we must pay 700 yuan in rent for a small apartment in Fengtai district."But life started to look up for the impoverished family after the government provided a 35-square-meter apartment with a 54-yuan monthly rent in January.In July, Jiang gave birth to a healthy boy, who is being cared for by her mother-in-law."Our lives are getting better," Jiang said, smiling.Nearly 350,000 disabled people had registered with BDPF by the end of November.Municipal authorities have introduced a series of welfare policies to help people deal with the soaring cost of living.The capital's minimum salary will reach 1,160 yuan a month next year, a 21-percent increase over the present 960 yuan, the Beijing municipal bureau of human resources and social security said on Monday.

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The outcome of the second trial exposes how little has changed under President Dmitry Medvedev, despite his promises to strengthen the rule of law and make courts an independent branch of government."It's a very cruel and absurd sentence that proves the well-known fact that Russia has no independent courts," said Lyudmila Alexeyeva, a veteran rights activist and chairwoman of the Moscow Helsinki Group. "An independent court would have acquitted the defendants and punished the investigators who concocted the charges."Judge Viktor Danilkin sentenced Khodorkovsky to 14 years, as prosecutors had demanded, but said the new term will be counted from his 2003 arrest and run concurrently with his first term of eight years.Following a 20-month trial, the judge convicted Khodorkovsky and his business partner Platon Lebedev on charges of stealing almost $30 billion worth of the oil that his Yukos company produced from 1998 to 2003 and laundering the proceeds. Lebedev also was sentenced to 14 years.In a statement read by defense lawyer Vadim Klyuvgant to reporters outside the courthouse, Khodorkovsky expressed some optimism, saying: "We have not lost hope and nor should our friends."Khodorkovsky also said the verdict showed that the "Churov rule" was alive and well, referring to a comment made a few years ago by Vladimir Churov, the chairman of the Central Election Commission, that his first rule was that Putin is always right. And if he's not, "it means I have misunderstood something."Khodorkovsky's mother cursed the judge when the sentence was read and said it was clear that he had come under strong pressure and could not have written the "nonsense that he read today."Putin, now prime minister, has been seen as the driving force behind the unrelenting legal attack on Khodorkovsky, who challenged him early in his presidency. As Putin considers a return to the presidency in 2012, he appears unwilling to risk the possibility that a freed Khodorkovsky could help lead his political foes.However, the ministry's statement did not say whether the 3,000 yuan ($454) rebates for fuel-efficient cars would remain in place in 2011 along with subsidies for farmers' trade-in vehicles.Beijing municipal government last Thursday unveiled a plan to limit the number of cars sold in the city next year, to ease the traffic chaos.
Par andayhan - 3 commentaire(s)le 19 mars 2011
Vendredi 18 mars 2011

Health hazards caused

Chinese mainland tourists were expected to make 54 million outbound trips last year, up 15 percent year on year, the China Tourism Academy said in its annual report on the national tourism industry.Stronger purchasing power and the appreciation of the Renminbi helped boost overseas trips, the report noted.Private trips made up about 90 percent of the total, as the government tightened checks on business trips funded by public money.The report predicted that outbound tours would increase 5 percent to 57 million in 2011, while overseas spending would jump 14 percent to $55 billion.Tens of millions of wealthier ordinary Chinese will continue to help boost economic growth and employment in the world's major tourist destinations, said Dai Bin, deputy head of the academy.Chinese citizens with stronger yuan in their pockets were estimated to have spent $48 billion abroad in 2010, an increase of 14 percent from one year earlier, a research group reported on Monday.UK businesses hope that China will continue opening its markets to foreign investors, said a senior British business leader as Vice-Premier Li Keqiang visits the country."What British businesses would like to hear (are) his views in terms of China being open to foreign business - in particular UK businesses - and that they are welcomed to continue to invest in China," said Stephen Phillips, chief executive of the China-Britain Business Council (CBBC).He added that UK businesses would also be interested in Li's views on "the outlook for the Chinese economy against the backdrop of the global economic environment".Accompanied by some 120 Chinese business leaders, Li arrived in the UK on Sunday. This is the first visit by a senior Chinese leader to the UK since the coalition government came into office.

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The West likes to charge China for its low environmental and labor standards. But when China takes action to raise its standards, the West cries foul, because the moves hurt their selfish commercial interests. This is sheer hypocrisy.The importing nations should instead help Chinese mining and extraction companies improve efficiency with their state-of-the-art mining technology, so that the industry can improve its environmental protection.The West should applaud China's move toward improving the environment instead of denouncing it. Western companies should apply the standards they use at home in China and contribute to the country's environmental protection efforts instead of undermining them.China should remain steadfast in its decision to clean up the rare earth industry. It should even act more aggressively, because toxic elements from rampant rare earth mining and extraction are claiming a high toll on the nation and the population every day.Wang made the remarks at the 2011 national conference on religious work held in South China's Hainan Province on Monday.The administration will actively support religious circles in China to promote the concept of religious harmony during the first World Interfaith Harmony Week, which has been recognized by the United Nations and will be held in the first week of February, Wang said.Additionally, Wang said that the country is working to streamline the social security system to further benefit religious personnel.

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For months, the West has been attacking China for tightening control of its rare earth exports.The assault is likely to escalate, as China recently announced it would slash its rare earth export quota by 37 percent for the first half of 2011. China is also introducing more stringent environmental standards for the rare earth industry, which are likely to send many small businesses in the industry into possible bankruptcy.The country's environmental concern is fully justified. Its actions taken in the past months, and those to be taken in the months to come, are totally legitimate.During the months of debate, few in the West have talked much about the appalling environmental degradation and health hazards caused by China's rare earth industry.Many companies importing China's rare earth elements like to brag about their high environmental and ethical standards and good corporate citizenship, yet they are quite willing to source these raw materials from Chinese producers that observe minimum environmental and labor standards. Maybe the standards they claim only apply to their activities in their home countries. Their exploitation of resources and cheap labor in developing countries is something they don't like to acknowledge.If they claim their standards apply everywhere, they should go and live in one of the rare earth mining towns in North China's Inner Mongolia autonomous region, East China's Jiangxi province or Southwest China's Sichuan province for six months or longer. The air they breathe and the water they drink should contain enough doses of toxic chemicals to clear their minds.I am pretty sure that they would prefer wearing gas masks all day, including when sleeping.Many workers in China's rare earth industry are not that fortunate. They wear no masks but cover their faces with towels. Waste from the processing, often radioactive, has been randomly dumped, polluting the water system and farmland.For years, the heavily polluting rare earth industry has been a source of frequent complaints, sparking protests from local residents.China has 36 percent of the global reserve of rare earth elements but is producing 97 percent of the world's output. Many developed countries, such as the United States whose reserve is as large as China's, have cut down their rare earth production due to their own environmental concerns.Some wealthy nations have reportedly cashed in on cheap Chinese rare earth exports for their strategic metal reserve for the next decades.For China, the rare earth industry typifies the serious environmental and social costs of the country being the world's manufacturing workshop.
Par andayhan - 0 commentaire(s)le 18 mars 2011

Shifting political winds

Major General Luo Yuan, with the PLA Academy of Military Sciences, said the MGM140 ATACMS missiles, with a maximum firing range of 300 km, are able to reach Chinese mainland coastal targets across the 170 km-wide Taiwan Straits."They are obviously offensive weapons in terms of their capability," said Luo.He also said US arms sales to Taiwan violated its own promises to China.The US pledged in a joint communiqu signed in 1982 that it will not pursue a long-term policy of arms sales to Taiwan, the scale of arms sales would not surpass the scale at the time when the two nations established formal diplomatic ties, and arms sales would be gradually decreased till the problem is finally solved."It has been 28 years since the communiqu was signed, but the US has yet to fulfil its commitments," said Luo.Gates arrived in Beijing on Sunday evening. He also met Vice-Chairman of the Central Military Commission and Vice-President, Xi Jinping, on Monday.Xi expressed the hope that military-to-military relations could move forward in a healthy and stable manner.On Tuesday Gates will meet President Hu Jintao, who is scheduled to visit Washington later this month. Lei Jieqiong, a Chinese woman well-known for her colorful life spanning politics, education, academic studies and legislation, died of illness in Beijing on Sunday at the age of 106.Lei was the founder and former leader of the China Association for Promoting Democracy (CAPD), one of the eight non-Communist parties of China. She served as the chairperson of the 7th to 9th Central Committee of the CAPD, and honorary president of the 10th and 11th CAPD Central Committee.Born in the southern city of Guangzhou in 1905, Lei studied in the United States and received a master's degree of sociology at the University of Southern California in 1931. She then came back to China and began teaching sociology at Yenching University in Beijing, the predecessor of Peking University. Lei became a professor and doctoral supervisor when Peking University established its sociology department in 1982.Having taught for more than 70 years, Lei once said "of all my titles, 'professor' is the one I like most".Yao Youjun, one of Lei's students, once said Lei was a "dedicated and well-tempered" teacher."She always got up early for class and never used speakers. No matter how large the classroom was, students could hear her clearly," Yao said.

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Defense Minister Liang Guanglie, however, reiterated China's opposition to US arms sales to Taiwan, an issue which visiting US Defense Secretary Robert Gates sidestepped.Liang and Gates, after a morning of talks, announced during a joint news conference at the headquarters of China's Central Military Commission that they agreed to explore ways to reduce "misunderstanding" and "miscalculation"."We are in strong agreement that in order to reduce the chances of miscommunication, misunderstanding or miscalculation, it is important that our military-to-military ties are solid, consistent and not subject to shifting political winds," Gates told reporters.Gates also invited the chief of the People's Liberation Army's (PLA) general staff to visit Washington in the first half of this year.Liang said they had "agreed that sustained and reliable military-to-military contacts will help reduce misunderstanding and miscalculation".Both sides should join hands in the spirit of "respect, mutual trust, equality and reciprocity" to ensure the healthy and steady development of the relationship, he added.Liang said that Chief of General Staff of the PLA Chen Bingde will visit the US in the first half of 2011, adding that exchanges of high-level officials and between educational institutions will continue.On US arms sales to Taiwan, Liang said they "severely damage China's core interests"."China's position has been clear and consistent. We are against it," he told reporters."We do not want to see such things happen again. We do not want US weapon sales to Taiwan to further damage the relationship between China and the United States and the two nations' armed forces," Liang added.Asked about reports that Taiwan is buying MGM140 ATACMS (Army Tactical Missile Systems) surface-to-surface missiles from the US, Gates said the missiles are just for defense use, and were approved in 2008 by the Bush administration.Yet he admitted US arms deals to Taiwan had hurt relations.The two defense chiefs also denied their governments are entering an arms race. Liang admitted China had made progress in building its military might and had developed weapons to meet its sovereignty and security requirements.But he said China's military technology lags far behind the world's most advanced armed forces and does not threaten any country.China is still years behind US capabilities in radar-evading aircraft, and even by 2025 the US would still have far more of these aircraft than any other nation in the world, Gates said before arriving in Beijing.He also explained that Washington's repeated joint exercises with Seoul in seas not far from China in 2010 and the current presence of three US aircraft carriers in that region is by no means targeted at Beijing but Pyongyang.
Par andayhan - 1 commentaire(s)le 18 mars 2011
Jeudi 17 mars 2011

Mo Fan Cheer up

Mo Fan Cheer up, both hands ZIPPO handed out: "Nicole Woman, the villain is no way ah, this is the villain in a hole to find things, bad people only know that it Maochu Huo, and does not know why it now not used, ah! " "Hole in the ground? Could it be treasure?!" Nicole's face lit up, took ZIPPO, and from his pocket and took out a few things, it is from, who snatched the mountain where the table, belt and banking cards, "these things is found from the hole in the ground? "she said as the mouth of the hole where Mo is very interested in, do not believe this woman treasures the existence of such a thing? "Yes ah yes ah, the hole in the forest, there is also a lot of things, bad people have never seen, and did not dare to take, fearing a curse, it only took these things, bad people do not know Why can not fire it, ah! "head is full of fantasy for Nicole this woman, who naturally have a way to cope with Mo, slightly embellished lies the treasure, do not believe that Nicole is not afraid. "Take me to look for treasure, or turn you into Chopin's stool!" Nicole is very crisp upgrade the robbery kidnapping.

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Fan, well prepared, Shuangshouyitan: "Villains do not remember the hole where the forest is so big villain already lost!", That is half-truths, not afraid of this business for the female robber, Nicole do not believe it. "Is it? You can not deceive me, or else ... ..." Nicole frowning to Fan, some looked down, suddenly discovered the New World, "what is in your pocket something out!" What? Mo Fan surprised a moment, as if nothing ... ah ... no, is the Swiss Army knife! * I forgot to put it back into the pack, finished over! Lament lament go, Mo Fan without the slightest hesitation, busy Swiss Army knife from his pocket, handed the Chanxiao his hands: "This is the villain has just picked up the knife in the river, is preparing to send over Nicole Lady in it, Woman coincidence did not expect to come, swords, heroes ... ... Oh no, that is the sword presented Woman, be sure to accept! " Nicole excited Lingling called Cold War, this guy really is a wretched shame ah! Hand took the red Swiss Army knife blade shell, just start small and light form factor and will make Nicole feel heavy hearts Yi Chan, this dagger is not the general ah! However, after half a day reading over and over again, Nicole and wonder, just how this dagger handle, the blade it? Nicole had never seen folding knife. Fan, bleeding heart, more than four thousand dollars of authentic Victorinox "Swiss champion" ah, that was his baby, Nicole looked at again and again and just do not understand, his mind a little balance a little sample to give you you can play do not come! He may not be so good as to tell Nicole broke the knife, toss in that watching Nicole. Folding knife, but is not too difficult after all get to know things, In a moment, Nicole has touched a number of tricks, she withhold a hernia, a pull out ... ... "What is this?" To see the winding, there is a long, one short of two branches of the metal film, Nicole puzzled some. Mo Fan mind laughing, which is bottle opener, have not seen it!
Par andayhan - 1 commentaire(s)le 17 mars 2011
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