Bureau Chief, Vietnam
John's Feed
Sep 8, 2012

China’s president says infrastructure development key to recovery

VLADIVOSTOK, Russia/SHANGHAI (Reuters) – Chinese President Hu Jintao urged Asia-Pacific nations on Saturday to speed up infrastructure development to help face the “grave challenges” from the global economy, in comments that follow Beijing’s unveiling of $157 billion in such projects.

The remarks at the annual Asia Pacific Economic Cooperation (APEC) summit lent further weight to what analysts see as an increasingly vocal commitment from Beijing to stimulate the economy by leaning heavily on the construction of railroads, ports and other infrastructure.

Sep 7, 2012

Censors monkey with China art show before 18th Party Congress

SHANGHAI (Reuters) – The pot-bellied official in a tan golf shirt paused in front of a poster-sized image for a few seconds, asked a member of his entourage to make a note of it, then continued to lead the group on its awkward march through the Shanghai Exhibition Center.

A few hours later, the digitally manipulated photo of China’s legendary Monkey King facing Tiananmen Gate, by Beijing-based artist Chi Peng, was pulled from the wall, one of several works at the SH Contemporary Art Fair deemed unfit for display by Shanghai’s culture police.

Jul 28, 2012

China cancels waste project after protests turn violent

QIDONG, China, July 28 (Reuters) – Chinese officials
cancelled an industrial waste pipeline project on Saturday after
anti-pollution demonstrators occupied a government office in
eastern China, destroying computers and overturning cars.

The demonstration was the latest in a string of protests
sparked by fears of environmental degradation and highlights the
social tensions the government in Beijing faces as it approaches
a leadership transition this year.

Jul 28, 2012

Angry Chinese occupy government office, smash computers in environment protest

QIDONG, China (Reuters) – Angry demonstrators occupied a government office in eastern China on Saturday, destroying computers and overturning cars in a violent protest against an industrial waste pipeline they said would poison their coastal waters.

The demonstration was the latest in a string of protests sparked by fears of environmental degradation and highlights the social tensions the government in Beijing faces as it approaches a leadership transition this year.

Jul 28, 2012

Angry Chinese occupy govt office, smash computers in environment protest

QIDONG, China, July 28 (Reuters) – Angry demonstrators
occupied a government office in eastern China on Saturday,
destroying computers and overturning cars in a violent protest
against an industrial waste pipeline they said would poison
their coastal waters.

The demonstration was the latest in a string of protests
sparked by fears of environmental degradation and highlights the
social tensions the government in Beijing faces as it approaches
a leadership transition this year.

Jun 29, 2012

China main money rate up, market awaits next bank reserve cut

SHANGHAI (Reuters) – China’s main short-term lending rate rose 14 basis points on Friday as banks hoarded money to prepare for extra bank reserve payments due early next month while the market awaited a cut in bank reserve requirements.

The benchmark seven-day weighted-average bond repurchase rate rose to 4.1240 percent at midday from Thursday’s close of 3.9832 percent.

Jun 26, 2012

Angry Birds sweet-talk copycats in booming China market

SHANGHAI, June 26 (Reuters) – When Peter Vesterbacka visited
China last spring, the marketing chief for Rovio, the Finnish
firm behind the video game Angry Birds, saw fake Angry Birds
products everywhere – and he was happy about it.

“I realised that China was already happening in a big way
for us,” Vesterbacka said in an interview.

Jun 15, 2012

China’s Yili recalls tainted milk powder, shares slump

SHANGHAI (Reuters) – China’s biggest milk producer by revenue, Inner Mongolia Yili Industrial Group Co, has recalled baby formula tainted with “unusual” levels of mercury in the latest safety scare for the country’s dairy sector.

The recall, during China’s “Food Safety Week” and a day after the cabinet introduced fresh measures to tighten supervision of the sector, sent Yili shares down by their 10 percent daily limit.

Jun 7, 2012

Rectangle Oreos and cucumber gum, made in China for China

SUZHOU, China (Reuters) – There are no bad ideas inside Kraft Foods’ biscuit research lab in China, according to director Maggie Wang. Not even the chewing gum Oreo cookie that a colleague asked her to bite into one day.

Instead of creamy white “stuff” in the centre, a glob of gum was sandwiched neatly between a pair of Oreo’s iconic dark chocolate biscuits.

Jun 4, 2012

June 4 crackdown remembered in China stock index, or chance?

SHANGHAI (Reuters) – Is it a coincidence that China’s most-watched stock index fell 64.89 points on the anniversary of the June 4, 1989, crackdown on student-led democracy protests centered on Beijing’s Tiananmen Square?

Most likely, say the experts.

Trying to work the Shanghai Composite Index .SSEC to hit a specific number would take Herculean muscle and precision, requiring a trader, or traders, to buy and sell huge quantities of blue-chip stocks with an improbable degree of exactness.