Headlines on latest China news, China business

Thursday, September 22, 2011»

Bloomberg Alibaba Said to Be Valued at $32 Billion as Temasek, DST Invest in Company

9/22/2011 7:04:05 PM GMT
Sany Heavy Industry Co., the construction-equipment maker run by China’s richest man, is pushing ahead with an investor roadshow after delaying its $3.3 billion Hong Kong stock sale.

AP China man held on suspicion of keeping sex slaves

9/22/2011 6:55:04 PM GMT
A Chinese man has been detained on suspicion of keeping six women in a basement as his sex slaves for two years and killing two of them.

AFP Isuzu eyes truck plan with China partner: report

9/22/2011 5:54:04 PM GMT
Isuzu Motors will develop large trucks with its Chinese partner, as Japanese truckmakers shift their to focus more towards growing markets in the rest of Asia, according to a report.

AFP China shuts US plant in lead scare: report

9/22/2011 5:54:04 PM GMT
An American-owned battery plant in China will remain shut until the end of the year over fears it has caused lead poisoning in local children, according to the Shanghai Daily.

AFP Shanghai's young high rollers splurge on luxury

9/22/2011 5:54:04 PM GMT
Kelly Ying, one of a swelling group of young high-rollers in Shanghai, has just treated herself to a birthday present of a $45,000-dollar watch.

Reuters Thousands riot in south China over land grab: report

9/22/2011 5:33:04 PM GMT
Thousands of people have attacked government buildings in southern China in protest at land sales, a newspaper reported on Friday, the latest outbreak of trouble in the economic powerhouse of Guangdong.

Bloomberg Emerging Stocks Plunge, Boosting Prospects for Government Support Measures

9/22/2011 4:22:04 PM GMT
Emerging-market stocks tumbled, driving the benchmark index toward its biggest weekly loss since 2008, as a faltering global recovery boosted speculation developing nations will take measures to support markets.

Bloomberg China Stock Index Falls to 14-Month Low on Policy, Global Economic OUtlook

9/22/2011 3:52:04 PM GMT
China’s stocks fell, dragging the benchmark index to its lowest level in more than 14 months, as mounting concerns over the faltering global economy prompted speculation the government will take steps to support markets.

Bloomberg Apple Falling Behind Store Target in China May Be Opportunity for Android

9/22/2011 3:37:04 PM GMT
Apple Inc. (AAPL) is opening stores in the China region at a quarter the pace it forecast 19 months ago, giving rival makers of smartphones and tablet computers time to gain users in the world’s biggest mobile-phone market.

Bloomberg Apple Trailing Target in China Stores May Be Android Opening

AFP US lawmakers target China with new currency bill

9/22/2011 2:50:04 PM GMT
US senators unveiled legislation to punish China over its alleged currency manipulation, promising angry American voters to put an end to Beijing's "economic murder" of US jobs.

Bloomberg Sany Heavy Proceeds With Roadshow After Delaying $3.3 Billion Stock Sale

9/22/2011 2:08:01 PM GMT
Sany Heavy Industry Co., the construction-equipment maker run by China’s richest man, is pushing ahead with an investor roadshow after delaying its $3.3 billion Hong Kong stock sale.

Bloomberg Sany Proceeds With Roadshow After $3.3 Billion Stock Sale Delay

Bloomberg China’s Property-Market Squeeze Is Nearing a ‘Tipping Point,’ Nomura Says

9/22/2011 1:58:01 PM GMT
The squeeze on China’s property market may be reaching a “tipping point” that drives growth lower just when exports are under threat from a global slowdown and confidence is plunging, said Zhang Zhiwei, Hong Kong-based chief China economist at Nomura Holdings Inc.

Bloomberg China, Japan Say Europe Must Fix Own Debt Crisis, No ‘Blank Check’ for Aid

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.