Headlines on latest China news, China business

Bloomberg China, Japan Say Europe Must Fix Own Crisis

9/22/2011 1:58:01 PM GMT
DST Global and Temasek Holdings Pte are among investors that agreed to buy shares of Alibaba Group Holding Ltd. in a transaction valuing China’s largest e-commerce company at $32 billion, said two people familiar with the deal.

Bloomberg China Banking Regulator Said to Evaluate Trust Company Loans to Developers

9/22/2011 12:19:05 PM GMT
China’s banking regulator is looking into financing of developers through trust companies as part of a broader evaluation of real estate lending, a person familiar with the matter said.

Reuters Senators eye October action on China yuan

9/22/2011 12:15:04 PM GMT
A bipartisan group of senators on Thursday predicted the Senate would overwhelmingly pass a bill next month to crack down on China currency practices they blame for millions of lost American jobs.

Bloomberg China’s Stocks Fall to 14-Month Low on Policy, Economy Outlook

9/22/2011 11:51:00 AM GMT
China’s stocks fell, dragging the benchmark index to its lowest level in more than 14 months, on concern the global economy may not avoid entering a recession.

WSJ Sany Postpones Hong Kong Offering

9/22/2011 11:37:00 AM GMT
Sany Heavy Industry postponed its Hong Kong public offering, which had been set to raise as much as $3.3 billion, as investor appetite for share issues took a hit amid a dramatic drop in Asian markets.

Bloomberg Chinese Stocks to Extend Slump, Mizuho Securities Says: Technical Analysis

9/22/2011 10:49:00 AM GMT
Chinese stocks, as measured by the MSCI China (MXCN) Index, may extend a slump that has made the nation’s equities the worst-performing among the so-called BRIC nations, according to technical analysis by Mizuho Securities Asia Ltd.

Guardian China's chance to be our economic saviour

9/22/2011 10:30:00 AM GMT
Can China save the world economy? That is a question that people should be asking as the other potential candidates withdraw from the race. At the moment, the economies of the United States, Europe and Japan are all suffering from weak growth or worse. The debt crisis of eurozone countries threatens another financial crisis that could lead to another plunge in output, not just in Europe but throughout the world.

Bloomberg A Socialist Push Behind India Capitalist Rise: Pankaj Mishra

9/22/2011 10:03:02 AM GMT
Pankaj Mishra is the author of "Temptations of the West: How to be Modern in India, Pakistan, Tibet and Beyond," "The Romantics: A Novel" and "An End to Suffering: The Buddha in the World." More about Pankaj Mishra // 140){ self.width(140); } }); }); //]]> //this script is for the story image lightbox $(".thumbnail_container > a[rel]").overlay({ mask:'#333', effect: 'default', onBeforeLoad: function(){ $('#container').addClass('overlay_open'); $('.overlay_container').addClass('overlay_open'); }, onClose: function(){ $('#container').removeClass('overlay_open'); $('.overlay_container').removeClass('overlay_open'); } });

Bloomberg China’s Resources Stocks Are Best Hedge Amid Growth Slowdown, Bosera Says

9/22/2011 10:00:04 AM GMT
China’s resource companies are the safest investments in the fourth quarter as global economic growth will slow and the Chinese government is unlikely to loosen its monetary policies, Bosera Asset Management Co. said.

AFP US lawmakers target China with currency bill

9/22/2011 10:00:02 AM GMT
US senators unveiled legislation Thursday to punish China over its alleged currency manipulation, promising angry American voters to put an end to Beijing's "economic murder" of US jobs.

AFP Chinese FM urges US to revoke arms sales to Taiwan

9/22/2011 10:00:02 AM GMT
Chinese Foreign Minister Yang Jiechi urged the United States to immediately revoke a $5.85 billion deal to upgrade Taiwan's F-16 fighter jets, according to state-run news agency Xinhua Friday.

Reuters Senators eye October approval of China currency bill

9/22/2011 9:26:05 AM GMT
A bipartisan group of senators said on Thursday they expected the Senate to pass a bill in October that would crack down on China's currency practices they said are costing American jobs.

WSJ China Request Raises Property-Sector Worries

9/22/2011 9:06:00 AM GMT
China's bank regulator has asked the nation's lightly regulated trust companies to submit details on how much they have lent to Hong Kong-listed developer Greentown, people at two trust companies said, stoking fears about the health of the overall property sector as Beijing's economic tightening efforts start to bite.

Telegraph Stuntman jumps from 5,000 foot mountain wearing wings

9/22/2011 8:45:01 AM GMT
Professional thrill seeker, Jeb Corliss flies from the peak of China's Tianmen Mountain wearing a special jumpsuit fitted with wings.

Economist Becoming number one

9/22/2011 8:33:02 AM GMT
China is further behind when its economy is measured in current dollars (and much further in terms of GDP per person). America’s GDP in 2010 was $14.5 trillion at current market prices; China’s was $5.9 trillion. How quickly the gap is closed depends on three things: the relative speed of real GDP growth in China and America respectively; the inflation gap between the two economies; and the rate at which the yuan rises or falls against the dollar.