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Salman Khurshid arrives in China on two-day visit

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After initial assertions by China that there was no violation of border by its troops, the row was resolved on Sunday following intense round of talks at various levels. Reported by DNA 6 hours ago.

Rio Tinto expects China's demand for iron ore to rise in 2013

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Global miner Rio Tinto (ASX: RIO) expects that China's demand for iron ore to rise this year.

China's demand for steel is expected to rise at a compound annual growth rate of 3% in the next decade, Alan Smith, president of Rio Tinto Iron Ore Asia, said at an international conference in Singapore.

Rio Tinto's iron ore sales to China were 147 million tonnes in 2012, a record total that Smith expects to be beaten this year.

China has imported the highest amount of iron ore in four months in April as greater steel production boosted demand.

China imported 67.15 million tonnes of iron ore in April, an increase of 16.4% from the same month last year.

April imports rose 4% on month.

China imported 253.6 million tons of iron ore in the first four months, up 3.9% on year.

  Reported by Proactive Investors 6 hours ago.

China labels US the 'real hacking empire' after Pentagon report

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BEIJING -- China on Wednesday accused the United States of sowing discord between it 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 that accused China for the first time of trying to break into U...

 
 
 
  Reported by msnbc.com 5 hours ago.

Khurshid arrives in China on two-day visit

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*External Affairs Minister Salman Khurshid arrived here today on a two-day visit for talks with Chinese leaders, just days after the resolution of a row over Depsang Valley in Ladakh where the troops of Peoples Liberation Army intruded recently.*

Besides talks with his counterpart Wang Yi, Khurshid is expected to meet new Chinese Premier Li Keqiang, who is planning to visit India later this month, making it the first stop of his maiden foreign tour.

Ahead of the visit, he told Chinese media in New Delhi yesterday that he was satisfied with the maturity and understanding shown by two sides in trying to resolve the issue, referring to the stand-off that ended on Sunday.

"To keep them (disputes) at a proportional level and contain them as limited and localised, and not necessarily part of large scheme of things, its important to have a fundamental understanding of each other. We have developed that for years and thats a wonderful thing," state-run China Radio International quoted Khurshid as saying.

Terming his visit as a great opportunity, he said India and China had developed a very sound relationship over the past decade, and hoped bilateral ties would be enhanced under Chinas new leadership.

"The first signals that have come from the new Chinese leadership are extremely positive and welcome and will reciprocated in full substance from us. We are looking forward to a meaningful decade working with the new leadership of China," he said.

Khurshids visit came under shadow earlier as the two countries grappled for a fortnight to resolve the row over the PLA troops incursion in the Daulat Beig Oldi in Ladakh, 19 km within the Indian side of the border.

After initial assertions by China that there was no violation of border by its troops, the row was resolved on Sunday following intense round of talks at various levels.
The Chinese Foreign Ministry yesterday called for "proper and timely" settlement of the boundary issues to preserve peace at the borders in the light of the Depsang Valley row. Reported by Deccan Herald 5 hours ago.

General Mills Implements NetDimensions as the Learning and Talent Management Solution for Häagen Dazs China

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General Mills (China) has chosen NetDimensions Talent Suite as the learning and talent management solution for its entire Häagen Dazs retail chain in China. General Mills will use NetDimensions to manage learning, performance, and employee development in order to improve productivity and reduce costs.

Shanghai, China (PRWEB UK) 9 May 2013

NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, announced today that General Mills (China) has chosen NetDimensions Talent Suite as the learning and talent management solution for its entire Häagen Dazs retail chain in China. General Mills will use NetDimensions to manage learning, performance, and employee development in order to improve productivity and reduce costs. The company aims to create an effective talent management solution to support career planning and development for the entire Häagen Dazs workforce along NetDimensions’ approach of Talent for All.

Since the opening of the first Häagen Dazs flagship store in Shanghai in 1996, General Mills has been expanding quickly with China’s economic boom. Up until early 2013, there have been more than 197 Häagen Dazs shops across 40 major cities. At that point, the company started to encounter various challenges around training coverage, efficiencies across the organization, and skillset qualifications for the fluctuated workforce due to the rapid growth and expansion. These challenges drove General Mills to find an enterprise learning and talent management solution to help support the company’s growth.

“The department of Training and the IT team spent a few months evaluating different vendors before deciding to partner with NetDimensions, ” said Mr. Bill Fan, IT Manager and Ms. Grace Guo, Training Manager of General Mills China.

“NetDimensions has many years of industry experience globally and a strong presence in China. We are especially impressed with the sophisticated product features and their continuous effort on innovation. We are hoping to improve our talent management and development process through the NetDimensions Talent Suite solution and further grow both talent and performance of the company.”

NetDimensions Talent Suite will extend training coverage to all Häagen Dazs employees in China. Once General Mills completes the re-organization of learning programs and competency models for each position, employees can start customizing their own learning paths. Employees can also analyze their competency gaps and enroll to the right training programs that match their career development plans.

Charles Cheng, General Manager for NetDimensions China said: “The partnership with General Mills (China), a Fortune 500 company, once again validates NetDimensions’ position in the industry. This partnership marks another significant milestone for us in China’s Food and Beverage market. We are committed to providing our full support to ensure a successful relationship with General Mills.”

About General Mills

Nourishing Lives™ is the mission of General Mills. We innovate to make people’s lives healthier, easier and richer.

The world’s sixth-largest food company, General Mills entered the Greater China market nearly three decades ago. In that time we have become one of the most influential food companies in Greater China.

Our broad portfolio includes popular brands like Häagen-Dazs, Wanchai Ferry, Bugles, V. Pearl, Fruit Trix and others.

We have six state-of-the-art manufacturing facilities and three Häagen-Dazs central kitchens located in Beijing, Shanghai, Nanjing, Guangzhou and Taiwan.

In Greater China, the company employs more than 5,000 people who work to introduce products that specifically meet Chinese consumers’ needs and tastes.

For more information, visit http://www.generalmills.cn/

About NetDimensions

Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of performance, knowledge and learning management systems.

NetDimensions provides companies, government agencies and other organizations with talent management solutions to personalize learning, share knowledge, enhance performance, foster collaboration, and manage compliance programs for employees, customers, partners and suppliers.

Recognized as one of the talent management industry's top-rated technology suppliers in overall customer satisfaction, NetDimensions has been chosen by leading organizations worldwide including ING, Cathay Pacific, Hunter Douglas, Chicago Police Department, Delphi Automotive, and Travelex.

NetDimensions is ISO 9001 certified and NetDimensions hosted services are ISO 27001 certified. Reported by PRWeb 5 hours ago.

Evernote: Identity Theft Group Hacked Us, Not China [Bloomberg]

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These days, a large number of data breaches are blamed on China. However, Evernote claims that the recent hack attack doesn’t appear to come from China, but an identity theft group. According to Bloomberg, Mandiant is investigating the breach that affected Evernote and a detailed report will be compiled in a few weeks. The company says that China or other state nations don’t seem to have anything to do with the incident, which is costing Evernote “m... Reported by Softpedia 4 hours ago.

Top China filmmaker investigated over seven children

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One of China's most famous movie directors is facing a $26 million fine for having seven children in violation of China's strict family planning laws, media reports said Thursday. Reported by Bangkok Post 3 hours ago.

World Stocks Down After China Inflation Report

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World Stocks Down After China Inflation Report BANGKOK (AP) — World stock markets were mostly lower Thursday as investors weighed an interest rate cut in South Korea against rising inflation in China.South Korea's Kospi index jumped 1.2 percent to 1,979.45 after the Bank of Korea lowered its benc...

The post World Stocks Down After China Inflation Report appeared first on The Epoch Times. Reported by Epoch Times 3 hours ago.

General Motors to Build $1.3 Billion Cadillac Factory in China

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General Motors to Build $1.3 Billion Cadillac Factory in China General Motors, the largest foreign automaker in China, wants to boost its local luxury vehicle sales by building a new facility located in Shanghai’s Jinqiao area. The American giant announced it won regulatory approval to build a Cadillac plant in China that will have an annual production capacity of about 150,000 units. The construction of the new factory is set to commence in June 2013 and GM will invest about $1.3 billion (... Reported by autoevolution 3 hours ago.

China Tries Paying For Organs

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China Tries Paying For Organs The People’s Republic of China says it has a new system for acquiring organs, but critics regard it as implicitly coercive.

The post China Tries Paying For Organs appeared first on The Epoch Times. Reported by Epoch Times 2 hours ago.

China Sunergy to Introduce New 1500V Module at SNEC 7th PV Power Expo

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NANJING, China, May 9, 2013 /PRNewswire/ --China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced that it will... Reported by FinanzNachrichten.de 3 hours ago.

China Yuchai's Subsidiary Wins Two Prestigious After-Sales Service Awards in China

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SINGAPORE, May 9, 2013 /PRNewswire/ --China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that its main operating subsidiary, Guangxi Yuchai Machinery... Reported by FinanzNachrichten.de 2 hours ago.

China's April auto sales rise 13 percent

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China's April auto sales rise 13 percent
BEIJING (AP) — An industry group says China's auto sales rose 13 percent in April despite concern about a weak economic recovery while Japanese brands suffered less severe declines. Japanese brands that have been hurt by tensions over a territorial dispute between Beijing and Tokyo suffered a 4.9 percent decline in overall sales from a year earlier. Reported by SeattlePI.com 2 hours ago.

China Inflation Modest — Except the Cost of Food

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Filed under: Investing

Inflation problems continue to plague China, in large part because of the cost of food. That means one essential cut into discretionary income. And, in turn, the chances that China's growth can be driven by its new middle class lessens somewhat. Otherwise, Chinese price increases have remained moderate, perhaps because a worldwide recession has undercut demand for its factory goods.

The Xinhua news agency reports on China's inflation in April:



China's consumer inflation slightly accelerated in April, but still within a mild range that leaves room for policymakers to fine-tune policies to support the tepid economic recovery, official data showed Thursday.

China's consumer price index (CPI), a main gauge of inflation, grew 2.4 percent year on year in April, up from 2.1 percent in March but well below the year's control target of 3.5 percent, according to the National Bureau of Statistics (NBS).

The rise is largely in line with the market forecast of around 2.3 percent.

The NBS attributed the gain mainly to an unusual increase in vegetable prices during that month as low temperatures and scarce rainfalls disrupted supplies.

In April, food prices, which account for nearly one-third of weighting in China's CPI, increased 4 percent year on year, with the prices of vegetables rising 5.9 percent, NBS data showed.

On a monthly basis, consumer prices in April edged up 0.2 percent.




Filed under: 24/7 Wall St. Wire, China, Commodities, Food

 

Read | Permalink | Email this | Linking Blogs | Comments Reported by DailyFinance 2 hours ago.

China Auto Logistics 2013 First Quarter Investor Conference Call Scheduled for Friday, May 17th at 8:00am ET

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TIANJIN, CHINA--(Marketwired - May 9, 2013) - * **China Auto Logistics Inc.* (the "Company") (NASDAQ: CALI), a top seller in China of luxury imported automobiles, a leading provider of auto-related services, and developer and operator of a leading automobile portal and auto-related websites, announced today it will discuss 2013 first quarter results during a live conference call and webcast on *Friday, May 17th at 8:00am* *ET*. This will follow distribution of a news release with the Company's 2013 first quarter results on Wednesday, May 15, 2013. Reported by Marketwired 46 minutes ago.

Zhang Yimou seven children claims trigger anger in China

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Film director behind opening ceremony for Beijing Olympics faces up to £17m fine if found to have broken 'one child' policy

Renowned Chinese film director Zhang Yimou, who designed the opening ceremony for the Beijing Olympics, is under investigation over claims he broke strict family planning laws by fathering seven children, state media have reported.

The website of the People's Daily, the official Communist party newspaper, quoted suggestions that Zhang could face a fine of up to 160m yuan (£16.75m). Parents can be ordered to pay up to twice their annual income for breaching the law, though it is unclear how the estimate of the directors yearly income was reached. Many avoid fines or pay well below the maximum.

China's "one child" policy limits most urban couples to one birth but allows rural families to have a second if their first is a girl. Other exemptions include allowing a childless individual whose spouse already has a child to have another.

Violations are increasingly common and there is growing pressure from experts to abolish the law, which was originally designed to last 30 years.

But offenders can face heavy fines and although forced sterilisations and abortions are illegal they have continued to take place. Disparity in the treatment of those who break the laws has fuelled public anger about inequality.

"It is just a policy for limiting the poor's right to give birth," one angry microblogger wrote in response to the news about Zhang.

Another asked: "Why doesn't China have the world's respect? Look at the rich and officials with flocks of wives and mistresses ... If ordinary people had more children they would be punished or fined to death. He is fine.

"Zhang's quality is worse than ordinary people. An unfair society can never receive respect."

The reports followed claims in Chinese media that he had several children with his two wives and two other women. His personal life has been the subject of gossip for years, notably over his long relationship with Gong Li, whom he met when she was a drama student and who starred in many of his films.

Official news agency Xinhua said officials in Wuxi, the hometown of the 61-year-old's second wife, were investigating.

The website of the People's Daily said it was unclear where Zhang's children were born, citing a worker at the Jiangsu province's population and family planning commission.

Zhang's Los Angeles-based agent did not immediately respond to a request for comment, Associated Press reported.

The director was widely lauded for films such as Raise the Red Lantern and To Live. But in recent years, critics have been less impressed by films such as Curse of the Golden Flower and last year's The Flowers of War, which starred Christian Bale.

While some of Zhang's early works were banned, he has also been criticised for his closeness to the government, particularly since overseeing the Olympics ceremony.

Last year China's national audit office said the ministry of railways had hired him for a five minute promotional film that cost 18.5m yuan in total. Zhang said he received 2.5m yuan for his work and was astonished to learn of the total budget, adding that he would do more research before taking on projects in future. Reported by guardian.co.uk 53 minutes ago.

China Armco Metals to Host First Quarter 2013 Earnings Conference Call on Monday, May 20, 2013 at 5:00 p.m. EDT

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SAN MATEO, Calif.--(BUSINESS WIRE)--China Armco Metals, Inc. (NYSE MKT:CNAM) ("China Armco" or the "Company"), a distributor of imported metal ore and metal recycler, today announced that it will release its first quarter 2013 financial results on Wednesday, May 15, 2013. The conference call will take place at 5:00 p.m. EDT on Monday, May 20, 2013. To attend the call, please use the dial-in information below. When prompted, ask for the "China Armco Metals call" and/or be prepared to provide the Reported by Business Wire 1 hour ago.

China Armco Metals to Host First Quarter 2013 Earnings Conference Call on Monday, May 20, 2013 at 5:

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Filed under: Investing

*China Armco Metals to Host First Quarter 2013 Earnings Conference Call on Monday, May 20, 2013 at 5:00 p.m. EDT*

SAN MATEO, Calif.--(BUSINESS WIRE)-- China Armco Metals, Inc. (NYSE MKT:CNAM) ("China Armco" or the "Company"), a distributor of imported metal ore and metal recycler, today announced that it will release its first quarter 2013 financial results on Wednesday, May 15, 2013.

The conference call will take place at 5:00 p.m. EDT on Monday, May 20, 2013. To attend the call, please use the dial-in information below. When prompted, ask for the "China Armco Metals call" and/or be prepared to provide the conference ID.


   
*Conference Call*


 
*Date:* Monday, May 20, 2013
*Time:* 5:00 p.m. Eastern Time, U.S.

*Conference Line Dial-In (U.S.):* 1-877-407-9210

*International Dial-In:* 1-201-689-8049

 
*Conference ID# 411414:* 2013 First Quarter Financial Results Call
 
*Webcast link:*

http://www.investorcalendar.com/IC/CEPage.asp?ID=170982

 

 




The playback of the webcast can be accessed until 08/20/2013. To access the webcast, you will need to have the Windows Media Player on your desktop. For the free download of the Media Player, please visit: http://www.microsoft.com/windows/windowsmedia/en/download/default.asp.

*Teleconference Replay:*

Replay Number (Toll Free): 1-877-660-6853

Replay Number (International): 1-201-612-7415

Replay Passcode needs Conference ID#: 414423

Teleconference will be available for replay until 11:59 p.m. on 06/03/2013

*About China Armco Metals, Inc.*

China Armco Metals, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals throughout the PRC and is in the recycling business in the PRC. China Armco's customers throughout China include some of the fastest growing steel producing mills and foundries in the PRC. Raw materials are acquired from a global group of suppliers located in diverse countries, including, but not limited to, Brazil, India, Indonesia, Ukraine and the United States. China Armco's product lines include ferrous and non-ferrous ore, iron ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore, steel billet and recycled scrap metals. For more information about China Armco, please visit http://www.armcometals.com.





US Contact:
Christina Xiong
Investor Relations
China Armco Metals, Inc.
Office: 650-212-7620
Email: christina@armcometals.com
Website: www.armcometals.com
or
China Contact:
Ripple Zhang
Office: 021-62375286
Email: ripple.zhang@armcometals.com
Website: www.armcometals.com

*KEYWORDS:*   United States  Asia Pacific  North America  China  California

*INDUSTRY KEYWORDS:*

The article China Armco Metals to Host First Quarter 2013 Earnings Conference Call on Monday, May 20, 2013 at 5:00 p.m. EDT Reported by DailyFinance 37 minutes ago.

Retail Alcoholic Drinks Market Analysis & 2017 Forecasts For UK, US and China in New Research Reports at RnRMarketResearch.com

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RnRMarketResearch.com adds latest reports on Retail Alcoholic Drinks Market for United Kingdom, USA & China to its store.

Dallas, TX (PRWEB) May 09, 2013

Packaging companies require a detailed understanding of packaging consumption by individual product categories in order to align their sales and marketing efforts with the latest trends in the market. This report clarifies in detail, by product category, where the growth opportunities are in packaging materials and types to enable effective market planning.

These are the brand new data-only reports from packaging experts, providing extensive and highly detailed time series consumption data on primary and outer packaging in the market.

These reports provide in-depth quantitative data on retail (i.e. off-trade) alcoholic drinks packaging in the United States, United Kingdom & China covering key segmentation such as pack material and type, closure material and type, outer and multi-pack information, for the latest financial year, and the extreme ends of the historical (2007-2012) and forecast (2013-2017) periods.

Get a copy of UK Retail Alcoholic Drinks Market @ http://www.rnrmarketresearch.com/the-packaging-of-retail-alcoholic-drinks-in-uk-2007-to-2017-market-report.html

The market value of the beer and cider packaging sector declined during the review period (2007-12), as did that of spirits; however, both are predicted to reverse this downward trend across the five-year forecast period (2013-2017), registering anticipated CAGR growth of 0.11% and 1.72% respectively. Contrastingly the wine packaging sector in the United States grew at a CAGR of 2.1% during the review period, and this research predicts that it will continue to do so, at 2.82%, over the forecast.

According to this research, the alcoholic drinks packaging sectors increased massively in market value over the review period (2007-12), particularly that of the Spirits packaging sector which gained value at an annualized CAGR rate of 16.47%. However, as the Chinese economy stabilizes, all three sectors – beer and cider, spirits, wine – are expected to continue growing but at much steadier CAGRs of 3.81%, 14.33% and 5.97% respectively.

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Purchase a copy of UK Retail Alcoholic Drinks Market @ http://www.rnrmarketresearch.com/contacts/purchase?rname=93788

Browse more reports on Beverage Packaging Market @ http://www.rnrmarketresearch.com/reports/food-beverage/beverages/beverage-packaging

About Us:
RnRMarketResearch.com (http://www.rnrmarketresearch.com/) is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries. Reported by PRWeb 11 minutes ago.

Nissan profit up but China sales dip

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Japanese carmaker Nissan reports a small rise in full-year profits, but sales in its key market of China fell following a territorial row between Japan and China. Reported by BBC News 4 hours ago.
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