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  • September 3, 2014
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  1. News - China

    Canada, China quietly hold top-level meeting on strained ties

    Posted Sep 03rd 2014, 11:21am by Reuters in Ottawa

    ... Reuters in Ottawa Canada sees China as an important trading partner and in early 2012 Harper went to Beijing to pitch the idea of Canada as a potential oil supplier Senior officials from Canada and China met quietly in Ottawa last week to discuss relations that have deteriorated so badly that they could threaten Prime Minister Stephen Harper’s planned visit to China in November. ...

    http://www.scmp.com/news/china/article/1584321/canada-china-quietly-hold-top-level-meeting-strained-ties
  2. Business - Companies - COMMENT

    Delay some more, to get it right

    Posted Sep 03rd 2014, 11:15am by Stephen Vines

    ... Corporations, especially larger ones, often experience a tussle between their sales and marketing departments and the less glamorous bods down at the research and development end of the company. ... while the people who have designed them are all too well aware of the problems and glitches that crop up when something new is being developed. Taking pride in their work, they prefer to wait ...

    http://www.scmp.com/business/companies/article/1584313/delay-some-more-get-it-right
  3. Business - Economy - SURVEY

    China services PMI edges up to 54.4

    Posted Sep 03rd 2014, 10:56am by Reuters

    ... Reuters in Beijing Activity in China’s services sector recovered slightly in August, a government survey showed on Wednesday, suggesting the sector remains relatively resilient compared ... made up 46.1 per cent of gross domestic product last year, surpassing the secondary sector – manufacturing and construction – for the first time. Services overtook manufacturing as China ...

    http://www.scmp.com/business/economy/article/1584309/china-services-pmi-edges-544
  4. Business - Economy - REPORT

    Japan overtakes Hong Kong in competitiveness rankings

    Posted Sep 03rd 2014, 10:43am by Reuters

    ... report The WEF bases its assessment on a dozen drivers of competitiveness, including institutions, infrastructure, health and education, market size and the macroeconomic environment. The report ... China climbed one position to 28th, Russia jumped 11 to 53rd spot and India slid 11 to 71st, becoming the least competitive BRIC economy, 14 places behind Brazil. European Union states ...

    http://www.scmp.com/business/economy/article/1584291/japan-overtakes-hong-kong-competitiveness-rankings
  5. News - China

    Eleven dead, 27 missing in China rainstorms

    Posted Sep 03rd 2014, 10:35am by Agence France Press in Beijing

    ... Agence France Press in Beijing Nearly 40,000 people have been evacuated from their homes Eleven people died and 27 others are missing after torrential rains battered southwest China’s Chongqing municipality, causing thousands of houses to collapse, state media said on late Tuesday. Nearly 40,000 people have been evacuated from their homes, the official Xinhua news agency quoted ...

    http://www.scmp.com/news/china/article/1584302/eleven-dead-27-missing-china-rainstorms
  6. Business - China Business - REGULATION

    Chinese insurers fined 111m yuan over price fixing in car policies

    Posted Sep 03rd 2014, 10:19am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com China’s anti-monopoly regulator has slapped a fine of 111 million yuan (HK$139.86 million) to an insurance association and 23 property ... in fixing discounts for car insurance premiums during multiple meetings, the National Development and Reform Commission (NDRC) said on Tuesday. Li Qing, deputy director general of the commission’s ...

    http://www.scmp.com/business/china-business/article/1584278/chinese-insurers-fined-111m-yuan-over-price-fixing-car
  7. Business - Companies - DEBTS

    China Taiping perpetual bond to raise US$600m

    Posted Sep 03rd 2014, 09:57am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com China Taiping Insurance plans to offer its first US dollar-denominated perpetual subordinated bond, raising US$600 million to strengthen its capital base ... of China Construction Bank, to handle the proposed offering. The net proceeds would be used for general corporate purposes, the firm said. The bond will have an annual yield of 5.45 per cent. ...

    http://www.scmp.com/business/companies/article/1584274/china-taiping-perpetual-bond-raise-us600m
  8. Business - Companies - TECHNOLOGY

    New iPhone launch to help boost exports from mainland China and Taiwan

    Posted Sep 03rd 2014, 09:47am by BIEN PEREZ

    ... in the second half of this year. Of that, 17 million are forecast to be sold in mainland China, Hong Kong and Taiwan during the period, with total sales estimated at US$10.3 billion. Technology research firm IDC forecast total smartphone shipments in mainland China to reach 224 million units in the second half, driven by 4G mobile services rolled out in more cities across the country ...

    http://www.scmp.com/business/companies/article/1584264/new-iphone-launch-help-boost-exports-mainland-china-and-taiwan
  9. News - Hong Kong - POLITICS

    Britain has ‘moral obligation’ to speak up on Hong Kong, says former governor Chris Patten

    Posted Sep 03rd 2014, 09:45am

    ... published in the Financial Times, Chris Patten also stressed that even if there were “commercial consequences” for speaking up – referring to trade ties between Britain and China – they should ... after 1997 … As successive British governments have accepted, the UK has a continuing ‘moral and political obligation’ to ensure that China respects its commitments,” Patten said. ...

    http://www.scmp.com/news/hong-kong/article/1584273/britain-has-moral-obligation-speak-hong-kong-says-former-governor
  10. News - China - MACAU

    90pc don't trust Macau leader, says 'referendum'

    Posted Sep 03rd 2014, 05:54am by JEFFIE LAM

    ... Jeffie Lam jeffie.lam@scmp.com Unofficial poll results come just two days after chief executive re-elected 90pc don't trust Macau leader, says 'referendum' Macau chief executive Dr Fernando Chui Sai-on has suffered his first setback two day ...

    http://www.scmp.com/news/china/article/1583949/90pc-dont-trust-macau-leader-says-referendum

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