SHANGHAI (Reuters) – China and Russia have not yet clinched a price agreement on a long-awaited multi-billion dollar gas supply contract, a Russian government official said on Tuesday, amid growing urgency for the Kremlin to seal a deal as it comes under pressure from Western nations over the crisis in Ukraine.
Russian President Vladimir Putin is on a two-day to China and expectations have run high in recent months for both parties to ink a gas supply contract for Gazprom to supply China National Petroleum Corp (CNPC) with 38 billion cubic meters (bcm) of natural gas per year for 30 years.
SHANGHAI (Reuters) – Anti-Chinese riots in Vietnam last week have raised doubts about its commitment to foreign investment, the state-run China Daily newspaper said on Monday, as China reported it had evacuated about 4,000 people from its southern neighbor.
A flare-up over disputed sovereignty in the South China Sea sparked protests in Vietnam that spiraled into a rampage of arson, destruction and looting of Chinese-owned factories, and other businesses mistaken for being Chinese.
SHANGHAI, May 18 (Reuters) – Chinese corruption charges
against executives of British drugmaker GlaxoSmithKline Plc
(GSK) could be just the start of the pharmaceutical
industry’s problems in its biggest emerging drugs market,
according to industry sources in China.
The charges relating to GSK executives, accused of
funnelling hundreds of millions of dollars in bribes to doctors
and health officials via travel agencies, were announced by
Chinese authorities last week, the culmination of a 10-month
BEIJING/SHANGHAI (Reuters) – Chinese police on Wednesday said they had charged the British former China head of drugmaker GlaxoSmithKline PLC and other colleagues with corruption, after a 10-month probe found they paid billions of yuan in bribes to doctors and hospitals.
Mark Reilly and two Chinese executives, Zhang Guowei and Zhao Hongyan, were also suspected of bribing officials in the industry and commerce departments of Beijing and Shanghai, the official Xinhua news agency reported, quoting police in Hunan province.
SHENZHEN, China, May 11 (Reuters) – When Wang Yafang was
fired from her job at a Walmart in southern China in July 2011
for dishonesty, she refused to sign the termination papers and
even showed up at work the next day – only to be sent away.
Wang, 38, then sued Walmart Shen Guo Tou Stores Inc, a
Wal-Mart Stores Inc subsidiary, for wrongful
termination, and beat the world’s largest retailer in
arbitration and twice in court, winning 48,636 yuan ($7,800) in
SHANGHAI/HONG KONG (Reuters) – Most of the thousands of shoe factory workers who staged one of China’s biggest strikes over the past two weeks have returned to work after the company agreed to some of their core demands.
Hong-Kong-listed Yue Yuen Industrial Holdings Ltd (0551.HK: Quote, Profile, Research, Stock Buzz) – a $5.6 billion manufacturer of footwear for Nike Inc (NKE.N: Quote, Profile, Research, Stock Buzz), Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) and other international leisure brands – said that more than 80 percent of the workers at its Dongguan factory returned to work. Three workers at the vast complex in southern China had on Friday estimated that more than half, maybe as many as 70 percent, of the 40,000-strong workforce had gone back to work.
SHANGHAI/HONG KONG, April 25 (Reuters) – Many of the
thousands of shoe factory workers who have staged one of China’s
biggest strikes over the past two weeks have returned to work
after the company agreed to meet some of their core demands,
workers and a company official said on Friday.
Three workers at the vast Yue Yuen Industrial Holdings Ltd
complex in the southern city of Dongguan estimated
that more than half, maybe as many as 70 percent, of the
40,000-strong workforce had gone back to work by Friday.
SHANGHAI (Reuters) – A Chinese labor activist has been freed after being detained for more than two days by security agents who he says tried to convince him not to make contact with workers involved in China’s biggest strike in years.
Zhang Zhiru’s brief detention underscores nervousness among officials about the strike, which began on April 14 at a Yue Yuen Industrial Holdings Ltd shoe manufacturing complex that employs some 40,000 workers in the southern industrial city of Dongguan.
SHANGHAI, April 23 (Reuters) – A prominent Chinese labour
activist has been missing for more than 24 hours and his wife
suspects he was detained by state security agents after trying
to help workers involved in China’s biggest strike in years
organise their case.
Zhang Zhiru was last heard from when he spoke to his wife,
Xiao Hongxia, by telephone at around noon on Tuesday. He told
her he had been summoned to a meeting with state security agents
from the industrial southern city of Dongguan.
DONGGUAN, China, April 17 (Reuters) – Zhou Hujun, one of
thousands of shoe factory workers on strike in southern China,
drove his motorbike to the local government’s Social Security
Department seeking answers. After a few minutes, he left
clutching spreadsheets that just raised more questions.
Zhou and other striking workers believe Yue Yuen Industrial
Holdings Ltd, which owns the factory making footwear
for Nike, Adidas and others, has for years
underpaid into workers’ social insurance accounts -
government-mandated nest eggs for disability, unemployment and