Bureau Chief, Vietnam
John's Feed
Apr 11, 2014

Australian PM says searchers confident of position of MH370′s black boxes

PERTH/SHANGHAI (Reuters) – The international effort to find a missing Malaysian jetliner was zeroing on a small patch of the Indian Ocean on Friday, but Australia’s prime minister warned the signal from what is believed to be the plane’s black box was fading.

The Australian agency overseeing the search said it would use some of the most sophisticated resources at its disposal on the small search area after a new acoustic signal, that could be from the plane’s black box recorders, was detected on Thursday.

Apr 11, 2014

Australian PM confident signals are from missing plane’s black box

PERTH/SHANGHAI (Reuters) – The international effort to find a missing Malaysian jetliner was zeroing on a small patch of the Indian Ocean on Friday, but Australia’s prime minister warned the signal from what is believed to be the plane’s black box was fading.

The Australian agency overseeing the search said it would use some of the most sophisticated resources at its disposal on the small search area after a new acoustic signal, that could be from the plane’s black box recorders, was detected on Thursday.

Apr 7, 2014

Huang’s tale: from Walmart cashier to labour leader in China

DENGFENG, China, April 8 (Reuters) – Huang Xingguo took a
job as a cashier at a new Walmart store in his hometown in
southern China for a steady paycheck and the prospect of upward
mobility after a string of sales jobs and a run as a day trader.

Five years later, he has landed on the frontlines of China’s
labour rights movement, an unlikely leader of several dozen
workers seeking better severance pay after the store in the
Hunan province city of Changde announced last month it was
closing.

Mar 26, 2014

How rumour sparked panic and 3-day bank run in Chinese city

YANCHENG, China, March 26 (Reuters) – The rumour spread
quickly. A small rural lender in eastern China had turned down a
customer’s request to withdraw 200,000 yuan ($32,200).

Bankers and local officials say it never happened, but true
or not the rumour was all it took to spark a run on a bank as
the story passed quickly from person to person, among
depositors, bystanders and even bank employees.

Mar 26, 2014

China official urges calm as depositors again queue outside rural banks

YANCHENG, China, March 26 (Reuters) – A Chinese county
official appealed for calm among bank depositors in the eastern
city of Yancheng on Wednesday as queues formed for a third
straight day outside the branches of two small banks rumoured to
be in financial trouble.

Police and security guards stood by as dozens of people
formed a line outside a branch of Rural Commercial Bank of
Huanghai, one of the two banks that have suffered a rush of
withdrawals this week on the outskirts of the city.

Mar 9, 2014

IBM factory strike shows shifting China labor landscape

SHANGHAI (Reuters) – A wildcat strike at an IBM factory in southern China illustrates how tectonic shifts under way in the country’s labor market are emboldening workers to take matters into their own hands, raising risks for multinationals.

More than 1,000 workers walked off the job last week at the factory in Shenzhen, bordering Hong Kong, after managers on March 3 announced the terms of their transfer to new ownership under Chinese PC maker Lenovo Group Ltd.

Mar 4, 2014

China paper in rare mention of former security chief, hints at graft case

SHANGHAI, March 4 (Reuters) – A state-run Chinese newspaper
has for the first time identified former domestic security chief
Zhou Yongkang as the father of a businessman who is being
investigated for graft and implied that Zhou himself is also
under investigation for corruption.

Sources have said that Zhou, 71, is the most senior Chinese
politician to be ensnared in a graft scandal since the Communist
Party took power in 1949, but the case is highly sensitive and
has been shrouded in secrecy with hardly a shred of information
confirmed by authorities or reported in state media.

Feb 20, 2014

China aims for Nanjing’s history to speak loudly on Japan

NANJING, China (Reuters) – China pressed a propaganda campaign against Japan this week with a guided visit to the site of the 1937 Nanjing massacre, holding up proof to refute doubts by some in Japan about the extent of the atrocity or even that it happened at all.

China’s ties with Japan have long been poisoned by what China sees as Japan’s failure to atone for its occupation of parts of China before and during World War Two.

Jan 30, 2014

Chinese give Year of the Horse a toned-down welcome

BEIJING/SHANGHAI (Reuters) – Chinese welcomed the arrival of the Year of the Horse with toned down celebrations on Thursday, as people heeded government pleas to set off fewer of the fireworks believed to bring good fortune, because of concern about air pollution.

Chinese New Year, which begins on Friday, is normally marked by riotous displays of fireworks and countless firecrackers, which are thought to bring good luck and scare off evil spirits.

Jan 23, 2014

Special Report: How Caterpillar got bulldozed in China

ZHENGZHOU, China (Reuters) – Asia’s top mergers and acquisitions bankers gathered two years ago at the swanky Island Shangri La in Hong Kong to celebrate the top deals of 2012. As the transactions were being toasted, one was unraveling.

Advisers on Caterpillar Inc’s $677 million purchase of ERA Mining Machinery Ltd picked up an award for cross-border deal of the year. The purchase was billed as a coup for Caterpillar, the world’s top maker of tractors and excavators. ERA was the holding company for Zhengzhou Siwei Mechanical & Electrical Equipment Manufacturing Co Ltd, one of China’s biggest makers of hydraulic coal-mine roof supports. Siwei would help Caterpillar gain traction in the world’s largest coal industry.