China is planning to move 250 million rural residents into newly constructed towns and cities over the next dozen years.
Reported by Zee News 8 hours ago.
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China to move 250 million rurals into cities over next 12 years
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In China, students prep for Canada with a B.C. education
Grand Canadian Academy is one of several schools in China offering a B.C. diploma
Reported by Globe and Mail 5 hours ago.
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CHINA: Chinese outrage over attack of students on Bordeaux
An attack on a group of Chinese students in France generated outrage in China on Sunday. The attack took place early on Saturday morning in Bordeaux and France’s interior ministry branded it an act of xenophobia.
Reported by France 24 5 hours ago.
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China army newspaper hits out at US PRISM programme
China's official army newspaper Sunday branded the United States Internet surveillance programme exposed by former spy Edward Snowden as "frightening", and accused the US of being a "habitual offender...
Reported by NDTV.com 4 hours ago.
Reported by NDTV.com 4 hours ago.
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China paper hits out at US surveillance programme
China's official army newspaper on Sunday branded the United States Internet surveillance programme exposed by former spy Edward Snowden as "frightening", and accused the US of being a "habitual offender" when it comes to network monitoring.
Reported by Bangkok Post 4 hours ago.
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Pressure builds for China rate cut
THE prospect of an interest rate cut in China is growing after a sudden surge in the nation's short-term money market rates.
Reported by The Australian 4 hours ago.
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China Army Newspaper Calls US Internet Surveillance 'Frightening'
China's official army newspaper Sunday branded the United States Internet surveillance program exposed by former spy Edward Snowden as "frightening" and accused the U.S. of being a "habitual offender" when it comes to network monitoring.
Reported by Newsmax 4 hours ago.
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China army newspaper hits out at US`s PRISM programme
China`s official army newspaper branded United States Internet surveillance exposed by spy Edward Snowden as "frightening" and accused US of being "habitual offender" in network monitoring.
Reported by Zee News 4 hours ago.
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China eyed Qantas investment
China Southern considered buying a strategic stake in Qantas early this year.
Reported by Sydney Morning Herald 3 hours ago.
Reported by Sydney Morning Herald 3 hours ago.
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Commentary: China's space dream a humble one
Beijing (XNA) Jun 16, 2013Ten years after China sent its first man into low earth orbit, three astronauts operating the Shenzhou-10 spacecraft started a journey on a mission which seeks a permanent space station around 2020. Chinese President Xi Jinping said at the launch site that the crew carry a "space dream" of the Chinese nation and represent the lofty aspirations of the Chinese people to explore space. Reported by Space Daily 4 hours ago.
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China's space dream crystallized with Shenzhou-10 launch
Jiuquan, China (XNA) Jun 16, 2013China successfully launched its fifth manned spacecraft late Tuesday afternoon, sending three astronauts on the country's longest space trip. With 10 astronauts and six spacecraft launched into space in a decade, China is speeding up on the path of exploration and building a home for Chinese in the galaxy. At a see-off ceremony held hours before the launch, Chinese President Xi Jinpi Reported by Space Daily 4 hours ago.
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China confident in space exploration
Beijing (XNA) Jun 16, 2013China's Shenzhou-X manned spacecraft successfully completed an automated docking with the orbiting Tiangong-1 space module Thursday, proving China has mastered space docking technology and is confident in space exploration for peaceful purposes. From initial manned spacecraft flights to space lab docking, China's manned space undertaking achieved huge progress in the past decade. She Reported by Space Daily 4 hours ago.
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China's long march in space
Beijing (XNA) Jun 16, 2013The Shenzhou X spacecraft, with three astronauts on board, blasted off from Jiuquan Satellite Launch Center in Gansu province and entered its designated orbit on Tuesday. At noon on Thursday, it successfully docked with the Tiangong-1, a target orbiter and space module. The latest launch, China's fifth manned mission within just 10 years of its first such mission into space, demonstrates t Reported by GPS Daily 4 hours ago.
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China eyed key Qantas investment
China Southern considered buying a strategic stake in Qantas early this year as Asia's largest airline searched for ways to boost passengers from one of its most important international markets.
Reported by Brisbane Times 4 hours ago.
Reported by Brisbane Times 4 hours ago.
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China to hold local leaders responsible for air quality
Beijing (AFP) June 16, 2013China has pledged to hold local government leaders responsible for improving air quality, officials said, after heavy smog across China earlier this year stoked social discontent. The State Council, or cabinet, announced the move along with a range of other policies aimed at reducing emissions of pollutants - from forcing industries to install anti-pollution equipment to strengthening the c Reported by Terra Daily 4 hours ago.
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China approves three GMO soybean imports
Beijing (UPI) Jun 15, 2013China said this week it would allow three more varieties of genetically modified soybeans to be imported. The government committee in charge of GMO (genetically modified organisms) matters Thursday issued a written statement giving the green light to a strain of beans from Germany's BASF and two created by Monsanto Far East Ltd. The beans, which were engineered to withstand herbi Reported by Terra Daily 4 hours ago.
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Fitch says China credit bubble unprecedented in modern world history
China's shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned.
Reported by Telegraph.co.uk 3 hours ago.
Reported by Telegraph.co.uk 3 hours ago.
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China blasts U.S. surveillance program exposed by Edward Snowden
China’s official army newspaper on Sunday branded the United States Internet surveillance programme exposed by former spy Edward Snowden as “frightening”, and accused the US of being a “habitual offender” when it comes to network monitoring. The People’s Liberation Army (PLA) Daily hit out at the US for implying that spying on citizens from other countries was justified, and said that the PRISM monitoring programme had probably been used to collect large amounts of data [...]
Reported by Raw Story 3 hours ago.
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China embarking on vast programme of urbanization: Moving 250m into cities
China is pushing ahead with a sweeping plan to move 250 million rural residents into newly constructed towns and cities over the next dozen years.
Reported by IndiaTimes 2 hours ago.
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These Companies Are Most Exposed To China's Economic Slowdown
Now that China's economic slowdown is official, and in the aftermath of the Q1 trade data embarrassment Chinese GDP may have no choice but to print at a sub-7% annualized rate (especially if the PBOC continues to stubbornly refuse to inject liquidity in the financial system), it is no surprise that Emerging Markets around the world have seen a furious smack down in the past several weeks, with many markets now outright negative for 2013. At the same time corporations, trading in still buoyant markets, which have extensive exposure to China on both a top- and bottom-line basis, have managed to avoid the beatdown due to their presence in liquidity-friendly regimes. But how much longer will central bank beta float all boats burdened by increasingly heavy (lack of) alpha? And which companies are the most exposed to China's, and broadly Asia's, consumption slow down? Below, we present the answer for companies that have both a discretionary and staples exposure to the China and the Asia (ex-Japan) markets.Discretionary:
Staples:
Some highlights from the universe above:
Richemont offers China exposure in watches (IWC, Vacheron Constantin, Jaeger LeCoultre), jewellery (Cartier, Van Cleef & Arpels) and online luxury distribution (Net a Porter). In the past, Richemont has utilised its growth and cost advantage to support margin and return on capital expansion by over 500 bp since 2004, delivering sector leading cash returns (25% vs. 20% for luxury sector). Can it continue to do so?
LVMH has also benefited in the past from its exposure to the luxury and aspirational Chinese segments. On a divisional basis, fashion and leather goods, with a unique asset in category leader Louis Vuitton brand. Selective Retail (DFS and Sephora) now accounts for 28% of group sales and is levered to the rising middle class growth in China.
Remy Cointreau & Pernod Ricard is the foreign spirits leader in China. With c. 40% of group revenue in China, Remy has been the most obvious beneficiary of the positive dynamics for imported spirits in China. Furthermore, Remy’s exposure to China is principally through cognac, a category for which China is driving global value growth with 45% of total cognac sales by value in China. But with the benefit of the upside already priced in, how will the brand withstand a China where a secular shift to slower trend growth appears to be the new norm? Reported by Zero Hedge 1 hour ago.
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