China Specialist Correspondent
Benjamin's Feed
Mar 4, 2013

China hammers out rail restructuring – sources

BEIJING, March 4 (Reuters) – China is likely to split its
sprawling, scandal-plagued Railways Ministry into operations and
commercial arms, two sources said, part of an overhaul of the
bureaucracy as a new set of leaders takes charge in Beijing.

In other plans, the government is also likely to set up a
single regulator for food safety, although details are still
being finalised.

Mar 3, 2013

China’s graft-fighting Xi tells party future is on the line

BEIJING (Reuters) – China’s ruling Communist Party will only be able to mark its 100th birthday in eight years time if officials can learn from the selfless sages of the past, party chief Xi Jinping said in remarks published on Sunday, taking another swipe at corruption.

Xi, who will take over the reins of state power from outgoing President Hu Jintao at this month’s annual full session of parliament, has made fighting pervasive graft a central theme since assuming the top job in the party and military in November.

Feb 28, 2013

Exclusive: China plans bond overhaul to fund $6 trillion urbanization – sources

BEIJING (Reuters) – China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country’s urban rich and rural poor.

The Party aims to bring 400 million people to cities over the next decade as the new leadership of president-in-waiting Xi Jinping and premier-designate Li Keqiang seek to turn China into a wealthy world power with economic growth generated by an affluent consumer class.

Feb 28, 2013

China plans bond overhaul to fund $6 trln urbanisation-sources

BEIJING, March 1 (Reuters) – China plans major bond market
reform to raise the money the ruling Communist Party needs for a
40 trillion yuan ($6.4 trillion) urbanisation programme to buoy
economic growth and close a chasm between the country’s urban
rich and rural poor.

The Party aims to bring 400 million people to cities over
the next decade as the new leadership of president-in-waiting Xi
Jinping and premier-designate Li Keqiang seek to turn China into
a wealthy world power with economic growth generated by an
affluent consumer class.

Feb 27, 2013

China likely to appoint expert on North Korea, Japan as foreign minister

BEIJING (Reuters) – China is likely to appoint an expert on Japan and North Korea as its next foreign minister, three independent sources said, in a measure of Beijing’s resolve to improve difficult relationships with two of its closest neighbors.

Barring last-minute changes, Wang Yi, 59, China’s ambassador to Japan from 2004 to 2007, was likely to be appointed foreign minister during the annual full session of parliament next month, the sources said.

Feb 21, 2013

China’s Bo Xilai not cooperating on probe, been on hunger strike: sources

BEIJING (Reuters) – Disgraced former senior Chinese leader Bo Xilai is refusing to cooperate with a government investigation into him and has staged hunger strikes in protest and at one point was treated in hospital, sources with knowledge of the matter said.

Almost a year after Bo’s fall from grace under a cloud of lurid accusations about corruption, abuse of power and murder, the government has given no definitive time frame for when he will face court, and has not even announced formal charges.

Feb 21, 2013

Bo Xilai not cooperating on probe, been on hunger strike – sources

BEIJING (Reuters) – Disgraced former senior Chinese leader Bo Xilai is refusing to cooperate with a government investigation into him and has staged hunger strikes in protest and at one point was treated in hospital, sources with knowledge of the matter said.

Almost a year after Bo’s fall from grace under a cloud of lurid accusations about corruption, abuse of power and murder, the government has given no definitive time frame for when he will face court, and has not even announced formal charges.

Feb 20, 2013

China central bank chief set to keep job in reshuffle: sources

BEIJING (Reuters) – China’s central bank governor, Zhou Xiaochuan, is set to keep his job next month despite reaching the mandatory retirement age of 65, sources said, in a bid by Beijing’s new leaders to maintain the momentum of financial reform.

Two sources with ties to China’s Communist Party leadership and two senior financial industry sources said that, barring last-minute changes, Zhou, would be made a vice chairman of parliament’s top advisory body to give him “national-level leader” rank that would exempt him from compulsory retirement.

Feb 20, 2013

China c.bank chief set to keep job in reshuffle – sources

BEIJING, Feb 20 (Reuters) – China’s central bank governor,
Zhou Xiaochuan, is set to keep his job next month despite
reaching the mandatory retirement age of 65, sources said, in a
bid by Beijing’s new leaders to maintain the momentum of
financial reform.

Two sources with ties to China’s Communist Party leadership
and two senior financial industry sources said that, barring
last-minute changes, Zhou, would be made a vice chairman of
parliament’s top advisory body to give him “national-level
leader” rank that would exempt him from compulsory retirement.

Feb 15, 2013

Exclusive: North Korea tells China of preparations for fresh nuclear test: source

BEIJING (Reuters) – North Korea has told its key ally, China, that it is prepared to stage one or even two more nuclear tests this year in an effort to force the United States into diplomatic talks with Pyongyang, said a source with direct knowledge of the message.

Further tests could also be accompanied this year by another rocket launch, said the source who has direct access to the top levels of government in both Beijing and Pyongyang.

    • 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."
    • Follow Benjamin