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Mar 7, 2012

China lambasts U.S. trade bill, won’t adjust yuan

BEIJING (Reuters) – A U.S. trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to try to bridge a trade deficit that is Washington’s problem to fix, China’s commerce minister said on Wednesday.

President Barack Obama is set to sign the bill into law to allow duties to be imposed on subsidized goods from China and Vietnam, which the White House says will protect American jobs.

Mar 7, 2012

China pulls workers from Syria, seeks Libya compensation

BEIJING, March 7 (Reuters) – China is bringing workers
home from Syria, its Commerce Minister said on Wednesday, in an
apparent attempt to avoid a repeat of last year’s eleventh-hour
rescue of Chinese nationals from Libya when violence engulfed
the country.

Only about 100 Chinese workers will be left behind to guard
work camps and equipment, Minister Chen Deming said, without
giving figures for the total number of Chinese citizens or
projects in Syria.

Mar 2, 2012

China’s “Feed King” calls for opening corn trade

BEIJING, March 2 (Reuters) – China should redefine its
grains security policy to fully liberalise the corn trade, the
founder of the country’s largest private agricultural business
said on Friday.

China currently maintains a quota system over grains imports
in an attempt to grow almost all of its grains domestically. But
as meat consumption rises, feed companies are increasingly
chafing against the restrictions as they require more corn for
feed.

Feb 29, 2012

China’s “affordable housing” numbers don’t quite add up

SHIJIAZHUANG, China, Feb 29 (Reuters) – What do a
luxury Chinese apartment tower, a workers’ dormitory, a
low-income housing block and an empty field have in common?

They all qualify as affordable housing projects under a
government scheme that policymakers hope will cool popular anger
over high housing prices, and that analysts are counting on to
keep China’s property sector afloat.

Feb 14, 2012

China’s Wen says urgent to prevent chaos in Syria

BEIJING (Reuters) – Chinese Premier Wen Jiabao said on Tuesday it was urgent to prevent war and chaos in Syria and vowed to work through the United Nations to seek an end to civil strife in the country.

His comments came days after China and Russia blocked a draft U.N. Security Council resolution that backed an Arab plan urging Syrian President Bashar al-Assad to quit amid his government’s violent crackdown on opposition groups.

Feb 10, 2012

Beyond Chinese New Year data skew, a bear lurks

BEIJING (Reuters) – Trying to track China’s economic course during the Lunar New Year can leave analysts howling at the moon. January auto sales tumbled, yet oil imports were the third highest on record. A measure of factory activity picked up, but trade data was weak.

A closer examination of the numbers shows bearish signals lurking beneath the confusing headlines.

Feb 10, 2012

Analysis: Beyond Chinese New Year data skew, a bear lurks

BEIJING (Reuters) – Trying to track China’s economic course during the Lunar New Year can leave analysts howling at the moon. January auto sales tumbled, yet oil imports were the third highest on record. A measure of factory activity picked up, but trade data was weak.

A closer examination of the numbers shows bearish signals lurking beneath the confusing headlines.

Feb 7, 2012

New sanctions on Iran constrict trade flows to Asia

BEIJING, Feb 7 (Reuters) – Trade between Asia and Iran
is likely to slow as new U.S. sanctions make payments more
difficult, traders said on Tuesday, although the more determined
can still find a route through Middle Eastern intermediaries.

On Sunday, U.S. President Barack Obama authorized new
measures which extend sanctions to all Iranian financial
institutions and require financial institutions doing business
in the United States to block and freeze transactions having a
suspected link to Iran.

Feb 3, 2012

Analysis: China set to play it safe on helping Europe

BEIJING (Reuters) – Chinese Premier Wen Jiabao raised hopes in Europe when he pledged to consider deepening Chinese participation in European bailout funds, but there is little indication that China is prepared to go out on a limb with a direct contribution.

China will likely choose instead to play it safe by going through the International Monetary Fund, in part reflecting disagreement among government interests over how to respond to the crisis, analysts said.

Feb 3, 2012

China set to play it safe on helping Europe

BEIJING (Reuters) – Chinese Premier Wen Jiabao raised hopes in Europe when he pledged to consider deepening Chinese participation in European bailout funds, but there is little indication that China is prepared to go out on a limb with a direct contribution.

China will likely choose instead to play it safe by going through the International Monetary Fund, in part reflecting disagreement among government interests over how to respond to the crisis, analysts said.

    • 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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