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China should ‘reconsider’ who owns Okinawa, says People's Daily

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China’s top newspaper on Wednesday published a call for a “reconsideration” of Japan’s sovereignty over the island of Okinawa – home to major US bases – with the Asian powers already embroiled in a territorial row.

The lengthy article in the People’s Daily, China’s most-circulated newspaper and the mouthpiece of the ruling Communist Party, argued that China may have rights to the Ryukyu island chain, which includes Okinawa. Reported by S.China Morning Post 4 hours ago.

No-one is impressed by China’s amazing April trade figures

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The good news is China’s April trade figures are super high! The bad news is no-one believes them, which is fair enough because just a few days ago the Chinese foreign exchange authority virtually said that the export numbers are not reliable — it plans to crackdown on companies that appeared to be over-invoicing for exports as a way of skirting capital inflow restrictions.

The promise of a crackdown was taken seriously, but it’s believed to be much too late for the April data.

Continue reading: No-one is impressed by China’s amazing April trade figures Reported by FT.com 3 hours ago.

Mengniu Raises Stake in China Modern Dairy

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Mengniu raised its stake in China Modern Dairy to 28%, bringing two of China's largest dairy companies closer at a time when the domestic industry is working to restore confidence in its products. Reported by Wall Street Journal 1 hour ago.

Evernote Has 4 Million Users in China

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Evernote hit 1.1 million users just two months after its Chinese launch in July 2012. CEO Phil Libin revealed this week that his company now has 4 million users in China one year after its debut

On Tuesday at the Global Mobile Internet Conference in Beijing, Evernote's team in China — which has grown to 17 people — flipped the switch on the Chinese version of its Evernote Business service

Libin also discussed China's integral role in Evernote’s strategy of becoming a long-term startup that can survive up against the world’s top web giants. Libin said, within the next decade, more Chinese tech companies will go global Read more...

More about China, Apps, Evernote, Tech, and Apps Software Reported by Mashable 2 hours ago.

China Electric Vehicle Industry: Ankai Leads New Energy Bus Field Says New Market Research Report at ReportsnReports.com

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“China Electric Vehicle Industry Report, 2013” is the new market research report added to ReportsnReports.com store.

Dallas, Texas (PRWEB) May 08, 2013

By 2012, 25 pilot cities had promoted 27,432 new energy vehicles totally within two years after the subsidy policy was implemented, including 23,032 ones used in public services and 4,400 ones bought by individuals.

In March, 2013, the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology and Development and Reform Commission reached a consensus, determining to prolong the new energy vehicle subsidy policy by three years. The new subsidy policy emphasizes two aspects: First, it expands the scope of pilot cities; second, it plans to support energy-saving hybrid models with more subsidies. In addition, the new subsidy policy unifies the subsidies of all regions and changes the situation that subsidies vary from region to region.

As new energy vehicles are demonstrated and popularized as well as individuals enjoy subsidies when purchasing new energy vehicles, the domestic output of electric vehicles still maintains a rapid growth. According to the Ministry of Industry and Information Technology, the output of 628 models included in Directory of Recommended Models of Energy-saving and New Energy Vehicles for Demonstration and Application hit 24,800 in 2012, up 94% year on year, of which there were 14,700 passenger cars and more than 10,000 commercial vehicles; there were 13,300 pure electric vehicles, 10,400 conventional hybrid vehicles, and more than 1,000 plug-in hybrid vehicles.

The report “China Electric Vehicle Industry Report, 2013 - http://www.reportsnreports.com/reports/241441-china-electric-vehicle-industry-report-2013.html ” analyzes the industrial environments and market of electric vehicles, main demonstration cities, and major production enterprises. Besides, it studies the models contained in the demonstration and promotion directory released by the Ministry of Industry and Information Technology (As of April 2013, there had been 44 batches).

Anhui JAC Co., Ltd. is one of the first companies that are engaged in research and development of new energy vehicles in China. In 2009, JAC clarified that it targeted "pure electric vehicles”. Between 2010 and 2011, JAC popularized 1,585 pure electric vehicles. As of the end of 2012, JAC had built a production line with an annual capacity of 20,000 electric vehicles. In accordance with the development plan, the company's annual electric vehicle capacity will reach 100,000 by 2015, and the models will extend from sedans to SUV, special vehicles and buses.

Anhui Ankai Automobile Co., Ltd. is a listed company designated by China to produce luxury buses. As of April 2013, Ankai's 44 hybrid and pure electric models had been incorporated in Directory of Recommended Models of Energy-saving and New Energy Vehicles for Demonstration and Application. It acts as one of the leading players in the domestic new energy bus field. As of the end of 2012, Ankai had boasted over 1,000 new energy buses, which run in 27 cities including Beijing, Shanghai, Dalian and Hefei.

Key Electric Vehicle Companies in China:
1.    SAIC Motor
2.    FAW
3.    Dongfeng Motor Corporation
4.    BYD
5.    Changan Automobile
6.    Chery Automobile
7.    JAC
8.    Beijing Automotive Group Co.,Ltd (BAIC Group)
9.    GAC
10.    Ankai
11.    Xiamen King Long Motor Group Co.,Ltd.
12.    Zhongtong Bus
13.    Yutong Group
14.    Yangzhou Yaxing Motor Coach Co., Ltd.

Buy a copy of report @ http://www.reportsnreports.com/purchase.aspx?name=241441.

Explore more reports on Electric Vehicle Market @ http://www.reportsnreports.com/tags/electric-vehicle-market-research.html and Automotive Market @ http://www.reportsnreports.com/market-research/automotive/.

About Us
ReportsnReports.com (http://www.reportsnreports.com/) is an online market research reports library of 200,000+ reports and in-depth studies of 5000+ micro markets. Our database includes reports by leading publishers from across the globe. Reported by PRWeb 2 hours ago.

PM in China: A glorious past, a soaring future

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PM in China: A glorious past, a soaring future As Netanyahu's China visit continues, he tells the Chinese public that he 'admires China' and feels connected to their people. Reported by Jerusalem Post 1 hour ago.

A List Of China's Super-Rich, And Their Stories

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As China's economy continues to grow, entrepreneurs have grown with it. Here are the 10 wealthiest in China. Reported by IBTimes 55 minutes ago.

China Calls US 'The Real Hacking Empire' Following Pentagon Report

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China Calls US 'The Real Hacking Empire' Following Pentagon Report BEIJING (Reuters) - China on Wednesday accused the United States of sowing discord between China and its neighbors after the Pentagon said Beijing is using espionage to fuel its military modernization, branding Washington the "real hacking empire".

The latest salvo came a day after China's foreign ministry dismissed as groundless a Pentagon report which accused China for the first time of trying to break into U.S. defense computer networks.

The Pentagon also cited progress in Beijing's effort to develop advanced-technology stealth aircraft and build an aircraft carrier fleet to project power further offshore.

The People's Liberation Army Daily called the report a "gross interference in China's internal affairs".

"Promoting the 'China military threat theory' can sow discord between China and other countries, especially its relationship with its neighboring countries, to contain China and profit from it," the newspaper said in a commentary that was carried on China's Defense Ministry's website.

The United States is "trumpeting China's military threat to promote its domestic interests groups and arms dealers", the newspaper said, adding that it expects "U.S. arms manufacturers are gearing up to start counting their money".

The remarks in the newspaper underscore the escalating mistrust between China and the United States over hacking, now a top point of contention between Washington and Beijing.

A U.S. computer security company, Mandiant, said in February a secretive Chinese military unit was likely behind a series of hacking attacks that targeted the United States and stole data from more than 100 companies.

That set off a war of words between Washington and Beijing.

China has said repeatedly that it does not condone hacking and is the victim of hacking attacks -- most of which it claims come from the United States.

"As we all know, the United States is the real 'hacking empire' and has an extensive espionage network," the People's Daily, a newspaper regarded as a mouthpiece of the Chinese Communist Party, said in a commentary.

The article -- which was published under the pen name "Zhong Sheng", meaning "Voice of China" -- said "in recent years, the United States has continued to strengthen its network tools for political subversion against other countries".

"Cyber weapons are more frightening than nuclear weapons," the People's Daily said. "To establish military hegemony on the Internet by repeatedly smearing other countries is a dangerous and wrong path to take and will ultimately end up in shooting themselves in the foot."

(Reporting by Sui-Lee Wee; Editing by Michael Perry)

Copyright (2013) Thomson Reuters. Click for restrictions

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Join the conversation about this story »

 
 
 
  Reported by Business Insider 52 minutes ago.

InterContinental disappoints after China slowdown and impact of early Easter

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Company's shares fall back but group says it is confident of outlook despite challenging markets

*InterContinental Hotels* has fallen back after a disappointing first quarter update, with revenues hit by an earlier Easter, a growing number of hotels in London and a slowdown in China.

First quarter revenue per available room rose 3.1% in the three months to March, with strong growth in the Americas but a 2.2% fall in Europe due to the Easter shift from April to March. In China revenues increased by just 1.8% and in April saw a 2.2% fall. The company said:

The region has continued to be affected by the ongoing political leadership change, including tightening of government spending; the China-Japan territorial island dispute and the broader economic slowdown.

[The April decline] reflects a continuation of the factors experienced in the first quarter plus the localised effects from bird flu concerns and the Sichuan earthquake.


But Europe grew by 3.3% in April, benefiting from a reversal of the Easter impact. During the quarter the company also continued its disposal programme, selling the Park Lane hotel in London form $469m. For customers, it plans to rename its loyalty programme and allow members free internet worldwide, which it claims is an industry first. On the outlook chief executive Richard Solomons said:

Our high quality pipeline, broad geographic spread and fee-based model give us confidence for the year ahead despite the ongoing challenging economic conditions in several of our markets.


But the update sent its shares down 61p to £19, and Greg Johson at Shore Capital said:

After April, four month global revenue per available room was ahead by 3.9%. [This] is broadly consistent with ours, and the markets, full year expectations and hence forecasts are unlikely to change (we forecast 2013 pretax profit of $580m adjusting for the Park Lane disposal). This may disappoint. If global revenue per available room growth continues to moderate and with low single-digit net system growth we see a rating of north of 20 times earnings (fully taxed) as full. We retain our sell stance.


Simon French at Panmure Gordon was more positive:

InterContinental trades on a valuation similar to its hotel peers, despite stronger brands and increasing global market share. We retain our hold recommendation and 1,920p price target; however arguably InterContinental is the highest quality hotel stock in our coverage universe, yet we believe retains limited catalysts at this stage for further share price appreciation.

Liberum Capital identified some catalysts, however:

Two possible catalysts remain on the agenda in 2013: i) sale of the New York Barclay, ii) announcement of further cash return to shareholders in the second half of 2013. We continue to view InterContinental as the highest quality European hotel stock and reiterate our 2214p target price and buy recommendation. Reported by guardian.co.uk 47 minutes ago.

Cyberattacks a growing irritant in US-China ties

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BEIJING (AP) - Signs are growing that the sustained surge in cyberattacks emanating from China is imperiling its relations with the U.S., lending urgency to fledgling efforts by both governments to engage on the issue. The Pentagon this week said China appeared to be cyberspying against the U.S. Reported by MyNorthwest.com 51 minutes ago.

China's Xiaomi takes crowdsourced phone development model abroad

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Taiwan and Hong Kong may be only the beginning of Xiaomi's expansion outside China. The popular Chinese vendor of low-priced handsets is aiming at getting into five more markets next year.

"This year, we will only do Hong Kong and Taiwan," said CEO Lei Jun on Wednesday. "At the same time, we will also look at next year possibly doing five other markets. This year we will look at which five markets will be the easiest to do."

Xiaomi may not be a major name outside of China, but the company has built one of the hottest smartphone brands in the country. Crowds of fans congregate for its product launches and pre-orders for the devices run into the hundreds of thousands. Last year, Xiaomi sold 7 million handsets, and this year it hopes to double sales to 15 million.

The company has thrived by selling low-priced handsets built with higher-end specs. One of its latest smartphones, the Xiaomi 2S, features a quad-core Qualcomm processor and a 4.3-inch HD screen, at a starting price of 1999 yuan (US$322) when bought without a contract.

To read this article in full or to leave a comment, please click here Reported by PC World 36 minutes ago.

Pentagon: China's Government in Cyberwar

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Pentagon: China's Government in Cyberwar The Pentagon is slowly acknowledging that China is not our friend. In its annual report on China, the Defense Department has finally admitted that Beijing’s government and military have been making computer-based attacks on the U.S. government in order to gather information related to U.S. diplomatic, economic and defense programs.

Until this report was released, the Pentagon had only allowed that there were cyber-attacks originating in China. But in February, Mandiant, a U.S.-based cyber-security firm, accused a secret Chinese military unit in Shanghai of making cyber-attacks for years against a number of American companies.

The Pentagon report stated, "In 2012, numerous computer systems around the world, including those owned by the U.S. government, continued to be targeted for intrusions, some of which appear to be attributable directly to the Chinese government and military."

China’s belligerence isn’t confined to cyber-attacks; the report asserted that "To advance its broader strategic objectives and self-proclaimed `core interests,' China is pursuing a robust and systematic military modernization program." The report continued that Beijing is modernizing its short-range ballistic missiles and is looking to buy more medium-range missiles.

 
 
 
  Reported by Breitbart 2 minutes ago.

China calls U.S. the "real hacking empire" after Pentagon report

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BEIJING (Reuters) - China on Wednesday accused the United States of sowing discord between China and its neighbors after the Pentagon said Beijing is using espionage to fuel its military modernization, branding Washington the "real hacking empire". Reported by Reuters 15 minutes ago.

China's Trade Growth Strong in April

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China's Trade Growth Strong in April Filed under: Global Economy

China reported a strong trade surplus for April. The problem is that few analysts believed information from the People's Republic. Experts have been skeptical about China's economic data for years. One reason is that the central government wants both its population and the world to have faith in the power of the Chinese manufacturing machine. Another is that local governments issue data to make themselves look better in the eyes of the central government.

The AP says about China's trade growth in April:



China reported stronger April trade but analysts said export data were inflated and its shaky recovery might be weaker than it looks.

Exports rose 14.7 percent over a year earlier, up from March's 10 percent growth, customs data showed Wednesday. Imports gained 16.8 percent, up from the previous month's 14.1 percent.

That suggested the world's second-largest economy might be improving after an unexpected decline in growth to 7.7 percent in the first three months of the year from the previous quarter's 7.9 percent.

Analysts say, however, that Chinese export data are unreliable, possibly due to companies submitting inflated prices for their goods to evade capital controls and bring money into the country.

"We believe the strong trade growth is not indicative of a growth recovery," said Zhiwei Zhang of Nomura in a report




Filed under: 24/7 Wall St. Wire, China, International Markets

 

Read | Permalink | Email this | Linking Blogs | Comments Reported by DailyFinance 6 minutes ago.

Japan protests China Okinawa article

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Japan protests to China over an article in Communist Party mouthpiece People's Daily calling for a review of Japanese sovereignty over Okinawa. Reported by BBC News 6 hours ago.

Asia stocks mixed after China inflation report

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- Asian stock markets were mixed Thursday, as investors weighed an interest rate cut in South Korea against rising inflation in China. Reported by WTOP 7 hours ago.

Dutch order probe into baby milk sales to China

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Dutch order probe into baby milk sales to China The Hague (AFP) May 08, 2013

The Dutch government on Wednesday ordered an investigation into persistent shortages of certain brands of baby formula, blamed on networks of traffickers who ship milk powder to China where it is sold at premium prices. Deputy Economic Affairs Minister Sharon Dijksma ordered the Dutch Food and Consumer watchdog to probe a huge rise in demand for baby formula linked to so-called "baby milk ru Reported by Terra Daily 6 hours ago.

Japan protests to China over Okinawa claim

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Japan has lodged a diplomatic protest with China over an article in a state-run publication that challenged Japan’s ownership of Okinawa, home to major US bases, officials said on Thursday.

The People’s Daily, the mouthpiece of the ruling Communist Party, on Wednesday published a call for a review of Japan’s sovereignty over Okinawa, suggesting that Beijing may be the rightful owner.

The call came as the two countries are already at loggerheads over islands in the East China Sea. Reported by S.China Morning Post 3 hours ago.

China inflation data shows central bank policy dilemma

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BEIJING (Reuters) - China's annual consumer inflation rose by more than expected in April while factory prices fell for a 14th consecutive month, highlighting the dilemma facing the central bank as it balances support for the economy against the threat of rising prices. Reported by Reuters 6 hours ago.

China's cyber spying targets US government: Pentagon

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China's cyber spying targets US government: Pentagon Washington (AFP) May 6, 2013

China has engaged in widespread cyber espionage in a bid to extract information about the US government's foreign policy and military plans, said a Pentagon report issued Monday. China kept up a steady campaign of hacking in 2012 that included attempts to target US government computer networks, which could provide Beijing a better insight into America's policy deliberations and military capa Reported by Space Daily 6 hours ago.
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