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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.

Feb 3, 2012

China’s Wen: May consider bigger role in EU rescue funds

BEIJING (Reuters) – China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.

But Wen did not make any explicit financial commitments for the European Financial Stability Facility (EFSF) or the upcoming European Stability Mechanism (ESM).

Feb 2, 2012

China’s Wen: May consider bigger role in EU rescue

BEIJING (Reuters) – China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.

But Wen did not made any explicit financial commitments for the European Financial Stability Facility (EFSF) or the upcoming European Stability Mechanism (ESM).

Feb 2, 2012

China’s Wen: May become more involved in EU rescue

BEIJING (Reuters) – China is considering providing greater involvement in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.

But Wen did not made any explicit financial commitments for the European Financial Stability Facility (EFSF) or the upcoming European Stability Mechanism (ESM).

Feb 2, 2012

Germany’s Merkel urges China to use influence on Iran

BEIJING, Feb 2 (Reuters) – German Chancellor Angela
Merkel on Thursday urged China to use its influence to persuade
Iran to give up its nuclear programme.

Merkel, in Beijing at the start of a three-day visit widely
expected to also seek China’s support for the ailing euro, said
she had had “long discussions” with President Hu Jintao and
Premier Wen Jiabao over Iran sanctions.

Feb 2, 2012

China’s rural problems defy annual solution

BEIJING (Reuters) – Chinese farmer Chen Shusheng’s biggest worry is his son, whose scholarly glasses, pale skin and slim blue jeans contrast sharply with the older man’s thick, dirt-caked hands, uneven teeth and bulky home-made clothes.

The family’s brand-new, whitewashed home an hour from Beijing is complete with flush toilet but lacks a daughter-in-law — because the son has been unable to hold down a job.

Jan 21, 2012

South Sudan to unveil pipeline plans next week: minister

JUBA/BEIJING (Reuters) – South Sudan will announce plans for an oil export pipeline through East Africa next week, a priority for the new nation because its crude is “no longer safe” in Sudan, a government spokesman said on Saturday.

Landlocked South Sudan took about three quarters of Sudan’s roughly 500,000 barrels per day of oil production when it seceded from Sudan in July under a 2005 peace deal, but it still relies on Sudan’s infrastructure to export crude.

    • 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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