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  • April 24, 2014
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  1. Business - Banking & Finance - DEBT

    Chinese banks warned of growing bad loans

    Posted Apr 24th 2014, 01:15am by KANIS LI

    ... is slowing on the mainland, according to an analysis by PricewaterhouseCoopers (PwC). In PwC's analysis, the top 10 listed Chinese banks had a bad-loan balance of 449.4 billion yuan (HK$563.6 ... in the country. The Chinese government is targeting a gross domestic growth rate of 7.5 per cent in 2014, down from 7.7 per cent in 2013. Mainland banks had a loan loss coverage ratio of 283 per cent ...

    http://www.scmp.com/business/banking-finance/article/1495418/chinese-banks-warned-growing-bad-loans
  2. News - World - SPAIN

    Fellow Europeans quit Spain, causing population drop despite Chinese arrivals

    Posted Apr 23rd 2014, 09:22pm by AFP

    ... Agence France-Presse in Madrid Chinese arrive but migrant exit triggers Spain drain Spain's population shrank in 2013 for a second year, with foreigners, including many Britons, abandoning the country, although the number of Chinese there grew, official data showed. The number of Britons- many of whom live on Spain's warm east and south coasts- plunged by nearly 23 per ...

    http://www.scmp.com/news/world/article/1495273/fellow-europeans-quit-spain-causing-population-drop-despite-chinese
  3. Comment - Blogs

    Does Chinese signage at Vancouver airport send the wrong message?

    Posted Apr 23rd 2014, 09:04am by Ian Young

    ... although that might surprise visitors to Richmond, the Vancouver satellite that is the world’s most-Chinese city outside Asia. That latter fact has resulted in a proliferation of Chinese signage that is particularly noticeable around Richmond’s main shopping strip of Number 3 Road, where ethnic Chinese make up 80 per cent of the population. It’s a phenomenon that has previously drawn the ire ...

    http://www.scmp.com/comment/blogs/article/1494933/does-chinese-signage-vancouver-airport-send-wrong-message
  4. News - China - INTERNATIONAL RELATIONS

    Chinese court order on Japanese ship expected to spark more lawsuits

    Posted Apr 22nd 2014, 03:02am by Teddy Ng

    ... Teddy Ng in Beijing teddy.ng@scmp.com Local Chinese courts predicted to get more power to handle citizens' anti-Tokyo grievances Court order on Japanese ship to spark more suits More cases against Japan are likely to be filed in Chinese courts following a Shanghai court's order to impound a ship linked to a wartime contractual dispute, observers say. The impounding ...

    http://www.scmp.com/news/china/article/1493964/chinese-court-order-japanese-ship-expected-spark-more-lawsuits
  5. News - China - ARTS

    Chinese director takes on Oliver Stone over his criticism of China’s film industry

    Posted Apr 21st 2014, 05:30pm by Andrea Chen

    ... Andrea Chen andrea.chen@scmp.com Oliver Stone’s Mao comment stirs up film industry A Chinese film director has hit back at American filmmaker Oliver Stone after the Oscar winner accused ... after the Platoon director criticised Chinese filmmakers for not being honest when it comes to making films about the country's history. "Mao Zedong has been lionised in dozens ...

    http://www.scmp.com/news/china/article/1493603/chinese-director-takes-oliver-stone-over-comments-mainland-films-shy-away
  6. News - World - ART

    Chinese street artist’s counterfeits used in US$33 million scam, FBI says

    Posted Apr 22nd 2014, 11:01pm by AFP

    ... of dollars. Among the trio was Chinese painter Pei Shen Qian, 75, who allegedly made the forgeries and is believed to have fled to China. Brothers Jesus Angel Bergantinos Diaz, 65, and Jose Carlos ...

    http://www.scmp.com/news/world/article/1494496/chinese-street-artists-counterfeits-used-us33-million-scam-fbi-says
  7. Property - International - INVESTMENT

    Fancy a second home abroad? So do many Chinese

    Posted Apr 22nd 2014, 03:18pm by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com Lure of gaining residency in a foreign country is also prompting many to seek offshore property Chinese buyers look overseas for their dream home ... States, Australia, Europe and Southeast Asian countries were being promoted. Chinese homebuyers are attracted not only by the better living conditions abroad but also the social welfare benefits, ...

    http://www.scmp.com/property/international/article/1493521/fancy-second-home-abroad-so-do-many-chinese
  8. News - Asia - SOUTH KOREA

    Schoolboy made first distress call from South Korean ferry it emerges, as Chinese bodies found

    Posted Apr 22nd 2014, 11:41am by AFP AND REUTERS

    ... a fire station officer said. Xinhua reported that the bodies of two missing Chinese passengers and another foreign citizen aboard the ferry were recovered by rescuers on Monday. Two of the victims were identified as Chinese men according to their identification cards while another male victim’s nationality remained unknown. One of the Chinese victims was found in waters where ...

    http://www.scmp.com/news/asia/article/1494232/schoolboy-made-first-distress-call-south-korean-ferry-it-emerges-chinese
  9. News - China Insider - DEFENCE

    Chinese company denies links to suspected North Korean drones that crashed in South

    Posted Apr 22nd 2014, 11:03am by Patrick Boehler

    ... were not sold by a Chinese retailer, whose products bear a striking resemblance to the crashed drones, according to a company spokesperson. “We have nothing to do with this,” a spokeswoman ... design”. Slight differences in size and weight led the South Korean newspaper Chosun Ilbo to conclude last week that the drones are “knock-offs of Chinese products”. The drone can reach an altitude ...

    http://www.scmp.com/news/china-insider/article/1494207/north-korean-drones-not-theirs-says-chinese-retailer
  10. News - China

    World’s fastest elevator will whisk Chinese businessmen up at speeds of 72km/h

    Posted Apr 22nd 2014, 10:40am by Agence France-Presse

    ... Agence France-Presse in Tokyo Japan’s Hitachi said on Monday it will provide the world’s fastest elevators, which can clock speeds of up to 72 kilometres per hour, to a high-rise building in China. The lifts will be delivered to the 111-storey, 530-metre-tall Guangzhou CTF Financial Centre due to be opened in the southern Chinese city of Guangzhou in 2016, the electronics ...

    http://www.scmp.com/news/china/article/1494197/worlds-fastest-elevator-will-whisk-chinese-businessmen-speeds-72kmh

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