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China Announces New Measures to Curb Air Pollution

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Under pressure from public, China approves measures to curb air pollution in its cities

 
 
 
  Reported by ABCNews.com 9 hours ago.

Is China a ‘chameleon’ in Asia theatre?

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Given the fast changing geo-political scenario in South and South East Asia, believing that China is looking to cement its ties with India further in a positive manner would amount to landing in quick sand, an editorial in an Arunachal Pradesh daily has opined. Reported by IndiaVision 8 hours ago.

China censors Winnie the Pooh, Tigger spoof of Xi Jinping, Obama

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China censors Winnie the Pooh, Tigger spoof of Xi Jinping, Obama China's Internet censors have taken exception to an eagle-eyed Chinese blogger noting an uncanny resemblance between the physique and walking strides of Winnie the Pooh and Tiggers, President Xi Jinping and President Barack Obama respectively. Reported by Digital Journal 7 hours ago.

China Is No Longer The World's Dominant Source Of Growth

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China Is No Longer The World's Dominant Source Of Growth For years, China has been way out front as the world's most important source of economic growth.

While the country's mammoth economy – the second largest in the world – continues to grow at a rapid clip, it is cooling as other enormous economies heat up.

Specifically, Japan – the third largest economy – is on the receiving end of massive monetary stimulus. And the U.S. – the largest economy – is picking up.

From Societe Generale's new quarterly Global Economic Outlook report:

*End of China growth dominance*: China has long been the dominant driver of Asia growth, but this is no longer the case as the economy undergoes a structural slowdown. Japan has engaged policy stimulus and US recovery marks an additional positive for global growth. The PBoC has resisted the temptation to ease and, looking ahead, we expect to see tighter credit conditions in China act as an additional brake on economic activity. The Fed’s QE exit may amplify the situation, drawing out capital and placing downward pressure on the yuan. Structural reform will ultimately determine how painful the adjustment will be – the right reform efforts have the potential to smooth the adjustment.

Below are two charts from SocGen that show how important China is to the rest of the world. First is SocGen's estimate for the impacts of a major economic slowdown in China:

And here are China's big trading partners:

Join the conversation about this story »

 
 
 
  Reported by Business Insider 6 hours ago.

China Is No Longer The World's Most Important Source Of Growth

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China Is No Longer The World's Most Important Source Of Growth For years, China has been way out front as the world's most important source of economic growth.

While the country's mammoth economy – the second largest in the world – continues to grow at a rapid clip, it is cooling as other enormous economies heat up.

Specifically, Japan – the third largest economy – is on the receiving end of massive monetary stimulus. And the U.S. – the largest economy – is picking up.

From Societe Generale's new quarterly Global Economic Outlook report:

*End of China growth dominance*: China has long been the dominant driver of Asia growth, but this is no longer the case as the economy undergoes a structural slowdown. Japan has engaged policy stimulus and US recovery marks an additional positive for global growth. The PBoC has resisted the temptation to ease and, looking ahead, we expect to see tighter credit conditions in China act as an additional brake on economic activity. The Fed’s QE exit may amplify the situation, drawing out capital and placing downward pressure on the yuan. Structural reform will ultimately determine how painful the adjustment will be – the right reform efforts have the potential to smooth the adjustment.

Below are two charts from SocGen that show how important China is to the rest of the world. First is SocGen's estimate for the impacts of a major economic slowdown in China:

And here are China's big trading partners:

Join the conversation about this story »

 
 
 
  Reported by Business Insider 6 hours ago.

Nadal to play China Open after four years

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China Open organisers have confirmed the participation of 12-time major champion Rafael Nadal of Spain at this year’s tournament, making it his first appearance here in four years. Reported by IndiaVision 6 hours ago.

China moves to curb air pollution

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China's cabinet has announced measures to curb the country's notorious air pollution, one of the many environmental challenges facing the country that are increasingly angering the public.

 
 
 
  Reported by News24 6 hours ago.

Number of school students hospitalised in China rises to 386

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*The number of students who fell sick due to food poisoning in southwest China has risen to 386, with 231 of them still under observation at a local hospital.
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Yesterday, as many as 346 students, including 45 in serious condition, were hospitalised with diarrhoea like symptoms in Sichuan Province, local officials said.

231 of the hospitalised students from Meishan Yingtian School are still under observation at a local hospital, the Dongpo District government of the city of Meishan said.

Some students were found with symptoms of vomiting, dizziness and fever two days ago at the school with over 1,300 students in its kindergarten, primary, junior and high-school grades.

Experts from the provincial disease control and prevention centre have sealed up food samples from the schools dining hall, state-run news agency Xinhua reported.
Government authorities in Meishan City have started food safety checks in all schools in the city.

China has been witnessing a spate of food poisoning incidents in schools and factories.

On June 12, one person died due to suspected poisoning while 160 others working in a food company in south Chinas Guangdong Province fell ill after eating at the firms canteen.

Similar incidents were reported from different parts of the country. Reported by Deccan Herald 5 hours ago.

NSA cyber spying on China not a surprise, but it's not ho-hum, either (+video)

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NSA chief says leaks about US cyber spying on China, and techniques for doing it, will impair intelligence-gathering. Others play that down, saying the more significant hit will be to relations with China and to US global work on behalf of a free and open Internet.  Reported by Christian Science Monitor 5 hours ago.

The 3 Countries Stealing China's Business

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Filed under: Investing

"Made in China." It's a slogan emblematic of many things - of cheap labor, of the loss of U.S. manufacturing jobs to lower-wage nations, of China's rapid ascent to the ranks of the largest economies on Earth. China's been blamed for the loss of many American jobs over the recent past, and data abounds to back up that claim. Washington's Economic Policy Institute projects  that more than 2 million manufacturing jobs and 2.7 million total jobs fled the U.S. for China between 2001 and 2011, fueling a renaissance in cheap products in American stores but also sending America's trade deficit skyrocketing.

China's jobs boom may be short-lived. Minimum wages are rising, workers  are demanding higher labor standards, and a rising middle class has turned from cheap manufacturing jobs to employment in the service sector. The IMF believes that China will experience  a worker shortage of more than 100 million jobs by 2040, something unthinkable during the peak of the "Made in China" era.

Technology has replaced some  of China's cheap labor, but many more jobs and companies have outsourced from the nation, once the very king of outsourcing itself. Where are these jobs and businesses going? Let's take a look at the three nations that stand to gain the most business from the dramatic shift in China's job market.




*Vietnam: Asia's new low-cost king
*

Unheralded Vietnam won't make anyone's list of the world's most powerful economies. The small Southeast Asian nation's surrounded by China on one side and India on the other, two of the world's biggest emerging markets that also compete against the likes of Japan, South Korea, and Indonesia for dominance in the Asian economic landscape. That's a tough geographic nut to crack, but Vietnam's capitalized on China's rising middle class and labor demands by taking a page from its larger neighbor's playbook.

Vietnam's GDP has grown at a sharp clip, and while its slowdown this  year leaves it behind China's 7.75% projected economic growth, Vietnam still is on pace for around 5% GDP growth this year. Meanwhile, high inflation hasn't translated over to the  country's wages, keeping the labor market cheap and offering a huge advantage  on China's exploding labor situation. Athletics product maker *Nike* is just one of many firms taking advantage of Vietnam's cheaper labor at China's expense: Vietnam surpassed China as Nike's  top footwear supplier in 2010, and the country supplied  around 41% of Nike's total footwear last year, nine percentage points more than China.

Major electronics companies  like Samsung and *Jabil Circuit *, which is planning on tripling its workforce in its factory  in Ho Chi Minh City over the next two years and has cited China's rising costs as a primary driver of the move away from the nation, have seized the opportunity to slash costs even with Vietnam still lagging behind China in terms of productivity. Even sectors such as health care have gotten involved, as pharmaceutical firm *Sanofi* this year announced plans  to invest $75 million in a Vietnamese facility to serve as an emerging markets hub and entrench its leadership position in Southeast Asia.

Vietnam faces challenges that could see its jobs fleeing to even lower-cost competitors in coming years, such as neighbors Laos and Cambodia. The country's population  is aging, although it's far younger than China's aging crisis, and that high inflation will eventually catch up to it. Still, Vietnam's anchored itself as a pivotal nation in a growing Southeast Asia. For now, however, Vietnam's poised to keep benefiting off of China's losses for at least the next few years as its bigger neighbor's middle class continues to shed traditional low-wage jobs.

*Mexico: Cheap manufacturing a border away*

No need to go all the way to Asia for a country that will benefit from China's job losses, however. Mexico's just a hop away across the border, and for U.S. companies looking to save on costs, it's a much cheaper alternative to China's rising standards.

Like Vietnam, Mexico's capitalizing on China's misfortune through cheap wages. Average wages actually are higher than in China - 40% higher as of 2011. Mexico's manufacturing  resurgence of late has been a boon for U.S. industrial giants. Strikingly, Mexico's also thrived in producing higher-quality workers recently, particularly in fields  such as engineering. That's created a productivity surge in the country, and the Boston Consulting Group estimates that when productivity  is accounted for, Mexico's cheap wages and worker efficiency means that China's labor costs are actually higher.

The real key for U.S. companies? Manufacturers don't have to ship products across an entire ocean when they make goods right across the border. That offers major advantages in company supply chains and operations, and with China's singular advantage of low worker costs disappearing, Mexico looks more and more attractive by the day.

The auto industry in  particular has thrived in Mexico with exports primarily to the U.S. market. *Nissan* is firmly embedded in Mexico, becoming the country's  largest auto manufacturer by producing more than 680,000 vehicles in the nation in 2012. China's auto market may be hot for sales, but Mexico's becoming a major production hub that will siphon jobs into this growing market on the back of American  sales.

Mexico faces its share of problems as well - particularly with its rampant drug crime - but the country's inflation has grown  under control, and its proximity to the U.S. should continue its happy relationship with major American manufacturers for years to come.

*The United States: Business comes home*

What better a country to take jobs from China than the one that companies originally fled from to China - the United States?

To be fair, U.S. wages are still far above what average Chinese workers can even dream of at this point. Like in Mexico, however, productivity closes the gap between these two nations. The Boston Consulting Group estimated in 2011  that, when accounted for productivity, Chinese wages may rise to 69% of average U.S. wages by 2015. In 2001, China's average wages were just 36% of America's. U.S. workers frequently take on better training  and use more complex and efficient tools on the job as well, making that productivity advantage all the more important for manufacturing positions - particularly in manufacturing that requires skilled workers.

The cost of outsourcing products across the world's largest ocean rears its head again here to China's disadvantage. Consulting company AlixPartners projects that Chinese outsourcing costs for U.S. businesses could equal the cost of manufacturing  in America by 2015 with the combination of rising wages and transportation and time costs. With China's middle class rising higher and growing larger by the day, a time will soon come when "Made in China" will be more expensive than "Made in America."

Chinese demand will encourage local manufacturing to some extent, but the country's title as an outsourcing king likely is over. Meanwhile, the rebound of the U.S. economy will fuel growing consumer demand across America, and higher sales at home will encourage local job growth. Chinese manufacturing starred when Chinese products could be sold cheaply to consumers; take away that advantage, and there's no reason not to keep jobs close by, where firms can keep an easier handle on them in a nation with a stronger legal framework and a heavier emphasis on intellectual property rights.

*Cheap Chinese goods no more*

Consumers will still demand cheap products, and companies will still find ways to keep labor costs as low as possible. China's old strategy of courting wage-sensitive manufacturers and rising behind low wages is at an end, however. The nation's rising middle class and bevy of economic problems on the horizon will necessitate a shift in China's economic reality that will lead to the jobs that have long made up the country's identity packing up and heading for a new home. Whether that's in even lower-wage areas such as Vietnam or nations that offer higher productivity and less logistical costs, such as the U.S. and Mexico, change is in the air. The heyday of "Made in China" has come and gone.

*The Chinese business investors need to know
*

Just because China's losing business to other nations doesn't mean that investors can't thrive behind the country's still-unparalleled growth, however. Few industries are poised to succeed in the world's second-largest economy as much as the auto industry. China is already the world's largest auto market - and it's set to grow even bigger in coming years. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", names two global giants poised to reap big gains that could drive big rewards for investors. You can read this report right now for free - just click here for instant access.

The article The 3 Countries Stealing China's Business Reported by DailyFinance 5 hours ago.

Thailand whip China in friendly

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Thailand stunned hosts China 5-1 in a friendly football match in Hefei in eastern Anhui province on Saturday. Reported by Bangkok Post 3 hours ago.

China announces 'tough' pollution reduction measures

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China's Cabinet has announced measures to curb the country's notorious air pollution, one of the many environmental challenges facing the country that are increasingly angering the publ Reported by CBC.ca 2 hours ago.

China announces new measures to curb air pollution

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China`s Cabinet has announced measures to curb the country`s notorious air pollution, one of the many environmental challenges facing the country that are increasingly angering the public. Reported by Zee News 1 hour ago.

India to become world's most populous country overtaking China by 2028: UN report

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London, June 15 : India's population is estimated to overtake that of China from 2028 and continue to grow till 2050. Reported by newKerala.com 41 minutes ago.

NSA whistleblower suspected of being potential double agent for China

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London, June 15 : Edward Snowden, who is claimed to be a whistleblower for having exposed US NSA's intelligence is increasingly facing criticism for being a potential double agent working for China. Reported by newKerala.com 34 minutes ago.

Is China a 'chameleon' in Asia theatre?

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Itanagar, June 15 : Given the fast changing geo-political scenario in South and South East Asia, believing that China is looking to cement its ties with India further in a positive manner would amount to landing in quick sand, an editorial in an Arunachal Pradesh daily has opined. Reported by newKerala.com 34 minutes ago.

NSW Holiday Park Program Introduced to China

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The Caravan and Camping Industry Association of NSW (CCIA) welcomes this week’s launch of the first Escorted Motorhome Tour. Read the full article here.

NSW (PRWEB) June 16, 2013

The Caravan and Camping Industry Association of NSW (CCIA) welcomes this week’s launch of the first Escorted Motorhome Tour, travelling between Sydney and the Gold Coast, by Beijing based wholesaler, Fresh Holidays.

Lyndel Gray, CEO of the CCIA and two CCIA member park representatives have been invited to speak at the launch event in Beijing, to help educate Chinese agents about the incredible holiday park experiences on offer in NSW.

“Since being approached a few months ago we have worked closely with Fresh Holidays, Britz, Maui and Destination NSW’s Shanghai office to develop this innovative touring program that is a first for the China market.”

“The Holiday Parks where the motorhome travellers will stay are in some of NSW’s finest locations; right on the beach, surrounded by national parks and close to cafes, restaurants and shops.”

The program incorporates four nights in NSW before travelling onto the Gold Coast. After a first day sightseeing in Sydney, participants will get set up in their motorhomes and head for Port Stephens, from here they move onto the popular town of Port Macquarie and their final night in NSW is to be spent in Emerald Beach just 20 minutes north of Coffs Harbour.

“We are delighted that Fresh Holidays has introduced the concept of motorhome travel and Holiday Park stays into their new touring program. They have a successful track record of introducing new and innovative destinations and products to the Chinese market. Whilst it’s still early days, we are confident that over time we will be able to generate great interest in the unique experiences offered by RV travel and NSW Holiday Parks,” said Ms Gray.

Also attending the event this week is Peter Moeller from One Mile Beach Holiday Park, Port Stephens and Beniot Thorp from Sundowner Breakwall Tourist Park, Port Macquarie.

“I’m exceptionally excited about Fresh Holiday’s initiative and their enthusiasm to promote NSW Holiday Parks to China. By attending the launch event I hope to further promote NSW as a tourism destination and in particular our Holiday Park product. In preparation for our Chinese visitors my staff and I have been taking Mandarin lessons and cultural tutoring to ensure that we can provide the best possible service,” said Mr Moeller.

“We are honoured to be invited to the launch event, and for the wonderful opportunity it presents for us to lay the foundations for success in the China travel market”, said Ms Gray.

For more information about self-drive holiday in NSW, visit Caravan & Camping Industry Association NSW. Alternatively, visitors from China can browse to Britz China or Maui websites to learn more about motorhome and campervan holidays in Australia. Reported by PRWeb 11 hours ago.

Swindler jailed for life in China

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Beijing, June 16 : A court in China has sentenced a man to life imprisonment for forging financial documents to get over 10 billion yuan (around $1.6 billion) from banks and companies. Reported by newKerala.com 10 hours ago.

Father’s Day Without My Dad, a Prisoner of Conscience in China

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Father’s Day Without My Dad, a Prisoner of Conscience in China I haven’t been able to give my dad a present since 1999, when he was wrongfully arrested in China. But when I think of my dad, there are two symbols of our deep bond that I picture: one, an old …

The post Father’s Day Without My Dad, a Prisoner of Conscience in China appeared first on The Epoch Times. Reported by Epoch Times 9 hours ago.

Sven Goran Eriksson planning move to China club under 18-month deal

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Swedish football manager Sven Goran Eriksson has left his responsibilities as director of United Arab Emirates side Al Nasr the Swede and is travelling to China for coaching the Chinese Super League club Guangzhou R and F on a 18-month contract. Reported by Zee News 8 hours ago.
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