China Specialist Correspondent
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Mar 16, 2012

Insight: With Bo Xilai down, nine leaders who may soon run China

HONG KONG/BEIJING (Reuters) – In Chinese power politics, careers are often built on years of toil in quiet conformity, punctuated by the occasional flourish of leadership in time of crisis or a policy initiative that gets adopted nationwide.

The self-destruction of a rival doesn’t hurt much either.

Indeed, Bo Xilai’s ouster as Chongqing party chief on Thursday has put his own leadership prospects on ice and done more to boost the career prospects for his rivals in less time than perhaps anything they did themselves.

Mar 6, 2012

No policy shift from new North Korea leader despite nuclear deal

BEIJING (Reuters) – North Korea’s willingness to cut a surprise deal with the United States on the future of its nuclear program does not signal any policy shift by the reclusive state’s young new leader, a source with links to both Pyongyang and Beijing said.

The source, speaking on condition of anonymity, also warned against applying pressure similar to sanctions on Iran to get it to jettison its nuclear ambitions, saying any perceived insincerity from Washington would quickly drive Pyongyang from the table.

Feb 27, 2012

Trademark dispute looming over who discovered Jeremy Lin

BEIJING (Reuters) – The New York Knicks may have given Jeremy Lin his break in the NBA, but a sports ball maker in eastern China saw potential in the Harvard-educated Chinese-American more than a year and a half ago — and quietly registered his trademark for $700.

The issue is the latest in a series of China trademark troubles for Western sports stars and companies that have ensnared American icons ranging from basketball star Michael Jordan to Apple’s iPad in recent disputes.

Feb 16, 2012

China Internet users strive to spare businesswoman from death

BEIJING, Feb 16 (Reuters) – Thousands of Chinese
Internet users have urged China’s Supreme Court to spare a
31-year-old death row convict, once one of China’s richest
women, in a contentious fraud case that has sparked sympathy for
the self-made daughter of a peasant.

It has become a touchstone issue for China’s vocal Internet
campaigners and newly rich private entrepreneurs who see the
sentence as too harsh as Beijing struggles to deliver social
harmony as wealth inequality soars.

Feb 15, 2012

Suns rise and set rapidly in China leadership opera

HONG KONG/BEIJING (Reuters) – Leaders battling for promotion in China’s Communist Party are using pages out of an old manual for negotiating the rungs of power, with the launch of separate probes that have tarnished the chances of one rising star and burnished those of another.

While circumstances are murky, the twin cases have rapidly exploded to upset a leadership succession that just weeks ago had been plodding along smoothly.

Feb 15, 2012

Insight: Suns rise and set rapidly in China leadership opera

HONG KONG/BEIJING (Reuters) – Leaders battling for promotion in China’s Communist Party are using pages out of an old manual for negotiating the rungs of power, with the launch of separate probes that have tarnished the chances of one rising star and burnished those of another.

While circumstances are murky, the twin cases have rapidly exploded to upset a leadership succession that just weeks ago had been plodding along smoothly.

Feb 9, 2012

China power giants flex muscles abroad

BEIJING (Reuters) – China’s cash-flush state-owned power companies are going on a buying spree abroad, scooping up bargains with virtually no political opposition as Europe looks to reduce its debts.

A quarter of Portugal’s power grid operator, REN, will be sold to China’s State Grid Corp for 387 million euros ($507.82 million), part of a wave of privatizations Lisbon has to carry out under the terms of its 78-billion-euro European Union/International Monetary Fund bailout loan.

Jan 19, 2012

Exclusive: China eyes pension fund boost for stock market

BEIJING (Reuters) – China’s local governments could plough up to $57 billion into the domestic stock market under a proposal, which sources familiar with the matter said was with the cabinet, to allow them to allocate some of their pension funds into shares.

If approved by the State Council, the move would be a welcome boost for the country’s stock markets. The Shanghai exchange .SSEC has lost a quarter of its value in the past 9 months and is trading 62 percent below its 2007 peak.

Jan 10, 2012

Exclusive: Head of China’s CIC tipped as next finmin

BEIJING (Reuters) – The head of China’s $410 billion sovereign wealth fund is the front-runner to become the country’s next finance minister, two independent sources said, a move in the country’s broad leadership reshuffle that will culminate in 2013.

Lou Jiwei, 61, currently chairman of China Investment Corp (CIC), is tipped to replace Xie Xuren as finance minister, the sources said. They requested anonymity to avoid political repercussions.

Jan 10, 2012

Head of China’s CIC tipped as next finmin – sources

BEIJING, Jan 10 (Reuters) – The head of China’s $410
billion sovereign wealth fund is the front-runner to become the
country’s next finance minister, two independent sources said, a
move in the country’s broad leadership reshuffle that will
culminate in 2013.

Lou Jiwei, 61, currently chairman of China Investment Corp

(CIC), is tipped to replace Xie Xuren as finance minister, the
sources said. They requested anonymity to avoid political
repercussions.

    • About Benjamin

      "Ben is based in Beijing and covers China regulatory news. He is an ethnic Chinese born and raised in the Philippines, and spent 13 years in Beijing and 15 years in Taipei. He joined Reuters in 1991, serving as Beijing bureau chief from August 2008 to August 2010 and Taipei bureau chief from February 2000 to December 2002."
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