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May 15, 2012

French architect could be pivotal figure in China scandal

RAINANS/DALIAN (Reuters) – An elusive French architect is emerging as a key figure in China’s biggest political scandal in two decades, with evidence suggesting he shared both an affectionate and close business relationship with the Chinese woman at the heart of the scandal.

Patrick Henri Devillers, 52, is one of two Westerners in China known to have had close business ties to the family of deposed Chinese politician Bo Xilai, specifically with Bo’s wife who is accused of murdering the other expatriate, Neil Heywood.

May 15, 2012

Insight: French architect could be pivotal figure in China scandal

RAINANS/DALIAN (Reuters) – An elusive French architect is emerging as a key figure in China’s biggest political scandal in two decades, with evidence suggesting he shared both an affectionate and close business relationship with the Chinese woman at the heart of the scandal.

Patrick Henri Devillers, 52, is one of two Westerners in China known to have had close business ties to the family of deposed Chinese politician Bo Xilai, specifically with Bo’s wife who is accused of murdering the other expatriate, Neil Heywood.

May 11, 2012

China economy shows unexpected signs of weakness

BEIJING (Reuters) – China’s economy stuttered unexpectedly in April with lower than expected output data, softening retail sales and easing prices suggesting economic headwinds might be stiffer than thought, requiring more robust policy responses to counter them.

Industrial output expanded at its slowest annual pace in nearly three years, while fixed asset investment growth dipped to its lowest in almost a decade.

May 11, 2012

China industrial output lowest in nearly 3 years

BEIJING, May 11 (Reuters) – Chinese industrial production
weakened sharply in April as investment slowed to its lowest
level in nearly a decade, showing an economy that is
surprisingly vulnerable to a global slowdown and a credit crunch
at home.

Industrial production rose by 9.3 percent in April, the
lowest level since May 2009, while retail sales surprised the
market by slowing to a 14.1 percent rise, the lowest level in 14
months.

May 11, 2012

China inflation eases in April, uptick in output seen

BEIJING, May 11 (Reuters) – China’s annual consumer
inflation moderated in April despite strong food price rises,
data on Friday showed, potentially giving Beijing more scope to
loosen policy to help the economy rebound from a first-quarter
slowdown in growth.

The data comes ahead of the monthly industrial production
report due at 0530 GMT, which will be closely watched after
disappointing trade numbers on Thursday heightened jitters about
a slowdown in the global economy.

May 10, 2012

China central bank warns of inflation risk

BEIJING, May 10 (Reuters) – China’s central bank warned of
continued risks of inflation while pledging to increase two-way
flexibility in its yuan exchange rate in a report released on
Thursday.

The quarterly report came ahead of April’s data release on
Friday, which is expected to show overall inflation moderating
while food prices, particularly vegetables, continued to rise.

May 6, 2012

Hospitalized dissident awaits permission to leave China

BEIJING (Reuters) – Chinese human rights activist Chen Guangcheng remained largely out of contact in a Beijing hospital on Sunday as diplomats kept up contacts with authorities over how he might leave China and travel to study in the United States.

Chen arrived at the Chaoyang Hospital last week from the U.S. embassy, where he had taken refuge after a dramatic escape from 19 months under house arrest in his home village.

May 4, 2012

Banks sue to freeze assets tied to Bo ally’s Shide Group-media

BEIJING, May 4 (Reuters) – Creditor banks are taking legal
action to freeze the assets of Dalian Shide Group, a
plastics-to-property conglomerate founded by a close business
ally of disgraced Chinese politician Bo Xilai, Chinese
publications reported this week.

The lawsuits are one of the first signs of economic fallout
from Bo’s ouster in China’s largest political scandal in
decades. Reuters reported this week that Bo’s political
stronghold, Chongqing, is hoping to sell distressed property
assets and shore up its finances.

May 4, 2012

China April HSBC services PMI rises to 6-month high

BEIJING (Reuters) – China’s services sector enjoyed its busiest month in half a year in April, with business expectations at their highest level in 12 months, a private sector survey of purchasing managers showed on Friday.

The seasonally adjusted HSBC China Services Purchasing Managers Index (PMI) rose to 54.1 in April from 53.3 in March, its strongest reading since October 2011, and followed an uptick in HSBC’s manufacturing PMI released earlier this week.

May 4, 2012

China April HSBC services PMI at six-month high of 54.1

BEIJING (Reuters) – China’s services sector enjoyed its busiest month in half a year in April with business expectations at their highest level in 12 months, a private sector survey of purchasing managers showed on Friday.

The seasonally adjusted HSBC China Services Purchasing Managers Index (PMI) rose to 54.1 in April from 53.3 in March, its strongest reading since October 2011, and followed an uptick in HSBC’s manufacturing PMI released earlier this week.

    • About Lucy

      "I am the Reuters Insider correspondent in China, where I have lived for ten of the last 15 years. Prior areas of coverage include political and general news, as well as commodities and energy policy and markets."
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