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  • September 1, 2014
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  1. Business - Banking & Finance - REMUNERATION

    China Construction Bank cuts executive pay by 50pc

    Posted Sep 01st 2014, 04:21pm by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com China Construction Bank will reportedly slash top executive salaries by 50 per cent in order to comply with recently passed reform measures ... passed a measure on reducing compensation for employees of state-owned firms. The measure called for a 30 per cent reduction of top executive salary or a cap of 600,000 yuan (HK$754,200). China ...

  2. News - China

    At least three primary pupils stabbed to death at school in China

    Posted Sep 01st 2014, 02:31pm

    ... killed, as did a local newspaper. A local police official declined to provide information, saying: “I am not  clear, the police bureau officials are at that school investigating.” China has seen ... killed two relatives and then slashed 11 people,  including six children, outside a school in China’s commercial hub Shanghai. Earlier this summer, police in Qianjing- which is near Shiyan- ...

  3. China in a class of their own, says Dominican Republic manager

    Posted Jul 07th 2005, 12:00am by Unus Alladin

    ... Unus Alladin Olympic champions China are no doubt the world's top team and other countries are trying to match their style of play. That's the verdict of Dominican Republic team ... finals in Japan. And the Dominican Republic will first get a taste of China's power when they are first up against the two-time Olympic champions tomorrow night. European powerhouse ...

  4. Business - China Business - EARNINGS

    China Railway posts 5.3b yuan loss

    Posted Sep 01st 2014, 12:11pm by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com China Railway Corp posted a loss of 5.3 billion yuan (HK$6.7 billion) for the first half of this year while its debt increased to 3.4 trillion yuan. ... 1.8 per cent from a year ago to 126.3 billion yuan. By the end of June, China Railway’s total liabilities had increased to 3.4 trillion yuan from 3.2 trillion yuan at the end of the first ...

  5. Business - Economy - PROPERTY

    Slump in China home prices continues

    Posted Sep 01st 2014, 11:22am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Home prices in most of the 100 biggest cities in China fell for a fourth month in August but at a slower pace as some cities eased mortgage rules and relaxed the curbs on home buying. The average new home price fell 0.59 per cent from July to 10,771 yuan (HK$13,540) per square metre, said the China Index Academy, an affiliate of Soufun, ...

  6. Business - Economy - MANUFACTURING

    China factory PMI slips for first time in 6 months

    Posted Sep 01st 2014, 10:44am by AFP, Reuters

    ... decline since slipping to 50.2 in February. The index tracks manufacturing activity in China’s factories and workshops and is a closely watched indicator of the health of the economy. A reading ...

  7. Business - China Business - INVESTMENTS

    China grows in favour as deal centre in Asia

    Posted Sep 01st 2014, 04:21am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Country sees an 18.7pc jump in transaction value in the first half, with domestic mergers and acquisitions leading the way in the region China grows in favour as deal centre in Asia China-related investments, including cross-border and domestic deals, showed strong growth in the first half of the year, accounting for the bulk of transactions ...

  8. News - World - ZIMBABWE

    Zimbabwe's president Robert Mugabe says China has pledged support

    Posted Sep 01st 2014, 04:44am by AFP

    ... Agence France-Presse in Harare Mugabe back from China with promises of support Zimbabwe President Robert Mugabe, returning from a state visit to China, said yesterday that Beijing had pledged to assist his southern African country's ailing economy "to the best of its ability". China would "continue to be as friendly to us as it was before … The support we ...

  9. Business - Banking & Finance - LOANS

    China bank sector unfazed by sharp jump in bad debts

    Posted Sep 01st 2014, 04:21am by DON WEINLAND

    ... as a sign of greater transparency in the dark accounting offices at the China Banking Regulatory Commission in Beijing. "We continue to believe better NPL recognition will help improve credit allocation in China," Morgan Stanley's Richard Xu said in a research note last week. Among the five biggest banks, the non-performing loan ratio in the first half averaged 1.08 per cent, ...

  10. News - Asia - DIPLOMACY

    Modi and Abe tour Kyoto with China's rise on Indian, Japanese PMs' agenda

    Posted Sep 01st 2014, 04:23am by AFP

    ... Agence France-Presse in Kyoto Wary of Beijing's maritime activity, Indian and Japanese leaders seek to upgrade security ties Modi and Abe tour Kyoto shadowed by China's rise ... an increasingly assertive China. Modi was accompanied by Prime Minister Shinzo Abe on his visit to a historic temple a day after he had a private dinner with the Japanese leader. It is unusual ...




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