China Specialist Correspondent
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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.

Jan 10, 2012

Exclusive: Head of China’s CIC tipped as next finance minister

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 told Reuters, another 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, said the sources, who requested anonymity to avoid political repercussions.

Jan 10, 2012

Once bitten, China to temper remarks on Taiwan vote

BEIJING, Jan 10 (Reuters) – China has forgone blustery
warnings and war games in the run-up to Taiwan’s presidential
election this weekend, and will likely take a measured response
even if the independence-leaning opposition unseats friendlier
incumbent Ma Ying-jeou.

It is no secret that Beijing prefers another four years for
the Nationalist Party’s Ma, who has pursued closer economic ties
since he was elected in 2008, over Tsai Ing-wen of the island’s
main opposition Democratic Progressive Party (DPP).

Jan 6, 2012

China mulls new energy “super-ministry” – sources

BEIJING (Reuters) – China is considering a proposal to create an energy “super-ministry” as part of a sweeping cabinet reshuffle in 2013, two independent sources said, a step that would help Beijing impose its will on an industry beset by bureaucratic infighting.

The new ministry would replace the National Energy Administration, China’s main energy regulator, and take on the energy-related duties now scattered across other government bodies, said the sources, who requested anonymity due to political sensitivities.

Jan 6, 2012

Exclusive: China mulls new energy “super ministry”

BEIJING (Reuters) – China is considering a proposal to create an energy “super-ministry” as part of a sweeping cabinet reshuffle in 2013, two independent sources said, a step that would help Beijing impose its will on an industry beset by bureaucratic infighting.

The new ministry would replace the National Energy Administration (NEA), China’s main energy regulator, and would take on the energy-related duties currently scattered across other government bodies, said the sources, who requested anonymity due to political sensitivities.

Dec 22, 2011

Exclusive: North Korea’s military to share power with Kim’s heir

BEIJING (Reuters) – North Korea will shift to collective rule from a strongman dictatorship after last week’s death of Kim Jong-il, although his untested young son will be at the head of the ruling coterie, a source with close ties to Pyongyang and Beijing said.

The source added that the military, which is trying to develop a nuclear arsenal, has pledged allegiance to the untested Kim Jong-un, who takes over the family dynasty that has ruled North Korea since it was founded after World War Two.

    • 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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