Lucy's Feed
Jan 13, 2012

Apple halts iPhone retail sales in China after store hit with eggs

BEIJING, Jan 13 (Reuters) – Enraged Chinese shoppers
pelted Apple Inc’s flagship Beijing store with eggs and
shoving matches with police broke out when customers were told
the store would not begin sales of the popular iPhone 4S as
scheduled.

Apple said later Friday after the botched launch at its
store in Beijing’s trendy Sanlitun district that it would halt
all retail sales of the latest iPhone in China for the time
being, but said the phones would be available online, through
its partner China Unicom or at official Apple
resellers.

Jan 13, 2012

Enraged shoppers pelt Beijing Apple store with eggs

BEIJING (Reuters) – Apple Inc’s flagship Beijing store was pelted with eggs on Friday when hundreds of enraged shoppers, many of whom had waited in line overnight, were told the store would not begin sales of the iPhone 4S as scheduled.

Shoppers and security staff scuffled before daybreak after an announcer with a bullhorn told the surging crowd that the phones would not go on sale and that they should go home.

Jan 11, 2012

Treasury Secretary Geithner appeals to China over Iran

BEIJING (Reuters) – Treasury Secretary Timothy Geithner appealed for Chinese cooperation on nuclear non-proliferation on Wednesday in Beijing, as he sought Chinese help on the White House’s efforts to toughen sanctions on Iran.

Geithner meets with Chinese premier Wen Jiabao later on Wednesday, ahead of Wen’s trip next week to top oil supplier Saudi Arabia, whose additional output will be crucial if China is to replace crude it normally sources from Iran.

Jan 11, 2012

U.S. Treasury Secretary appeals to China over Iran

BEIJING, Jan 11 (Reuters) – U.S. Treasury Secretary
Timothy Geithner appealed for Chinese cooperation on nuclear
non-proliferation on Wednesday in Beijing, as he sought Chinese
help on the White House’s efforts to toughen sanctions on Iran.

Geithner meets with Chinese premier Wen Jiabao later on
Wednesday, ahead of Wen’s trip next week to top oil supplier
Saudi Arabia, whose additional output will be crucial if China
is to replace crude it normally sources from Iran.

Jan 10, 2012

Geithner seeks Chinese support on Iran sanctions

BEIJING (Reuters) – Treasury Secretary Timothy Geithner is making Washington’s case for stricter sanctions on Iran during a visit this week to China, the largest consumer of Iranian oil.

His trip is the latest step in accelerating U.S. efforts to stem Iran’s flow of oil revenue and force it to abandon a suspected nuclear weapons program — all while avoiding a spike in crude prices that could threaten the global economy.

Dec 20, 2011

Chinese banks lure depositors despite warnings

BEIJING (Reuters) – On a recent brisk Beijing morning, the competition for depositors was in full swing at a Bank of Communications branch office.

Instead of enduring long lines and inaudible tellers, anyone asking about wealth management products is whisked immediately to a bulletin board and an attentive saleswoman.

Dec 20, 2011

Analysis: Chinese banks lure depositors despite warnings

BEIJING (Reuters) – On a recent brisk Beijing morning, the competition for depositors was in full swing at a Bank of Communications branch office.

Instead of enduring long lines and inaudible tellers, anyone asking about wealth management products is whisked immediately to a bulletin board and an attentive saleswoman.

Dec 15, 2011

Analysis: China toughens trade stance with tariffs

BEIJING (Reuters) – China has fired a warning shot with its decision to impose tariffs on imports of sport-utility vehicles (SUV) and other large cars from the United States as both countries gear up for increased trade friction next year.

The tariffs, announced on Wednesday and ranging from 2 percent to 22 percent, are unlikely to inflict much pain on American carmakers, who generally only import a small fraction of what they sell in China.

Dec 15, 2011

China toughens trade stance with tariffs

BEIJING, Dec 15 (Reuters) – China has fired a warning
shot with its decision to impose tariffs on imports of
sport-utility vehicles (SUV) and other large cars from the
United States as both countries gear up for increased trade
friction next year.

The tariffs, announced on Wednesday and ranging from 2
percent to 22 percent, are unlikely to inflict much pain on
American carmakers, who generally only import a small fraction
of what they sell in China.

Dec 13, 2011

China hiring outlook cools as firms turn cautious

BEIJING, Dec 13 (Reuters) – Companies have turned more
cautious about plans to hire in China, especially in the
lower-wage inland regions, a survey showed on Tuesday, even as
workers engaged in strikes over possible job losses at a string
of coastal factories.

The Chinese government has been encouraging domestic and
foreign companies to move inland as labour costs rise in the
more mature manufacturing markets in the richer Pearl and
Yangtze river deltas.

    • 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."
    • Follow Lucy