2nd June 2010

The Lion Awakes 

News at a Glance

今天的中国新闻

A compilation of Headlines + Brief Summary from Chinese & International Publications relating to China.

Just 5 Minutes each day to be up-to-date on the News of China

Combined with Kaixin’s boutique SITE SEARCH ENGINE, it is a unique source of knowledge about China"

China News Archive

From 2008

China Daily

Government tightens controls on rare earths

BEIJING - Strategic rare earth minerals will only be mined by a few select State-owned enterprises (SOEs) as part of the government's bid to crack down on illegal exploitation and consolidate reserves, according to sources close to the matter.

The Ministry of Industry and Information Technology and the National Development and Reform Commission have sent the draft plan to the State Council for approval.

US slaps punitive penalties on Chinese steel gratings

WASHINGTON: The US Commerce Department on Tuesday set final anti-dumping duties (AD) and countervailing duties (CVD) on imports of steel gratings from China, a move which might escalate trade disputes between the two countries.

The department said in a statement that it had set final anti-dumping duties of 136.76 to 145.18 percent on the steel product to offset below-market pricing.

Bank tightens loans to energy-intensive industries

BEIJING - The People's Bank of China (PBOC), China's central bank, issued a circular Monday requiring banks to curb lending to energy-intensive industries, a move echoing government energy-saving and pollution-reduction measures.

It also banned new credit to any projects not complying with government energy-saving policies.

According to the circular, banks should conduct an overall review of loans to energy-intensive industries and report the results to the central bank by the end of June.

Progress on Sino-US ties, but a great deal still to do

Forum

Editor's note: Chinese researchers give their views on the results of the China-US Strategic & Economic Dialogue (S&ED) which concluded in Beijing on May 25. The S&ED held discussions on several issues of concern for both countries.

Global Times   Headline

Gunman kills 3 judges

A gunman shot and killed three judges Tuesday and injured another three before killing himself at a courthouse in central Hunan Province, police said.

The shooting was a rare instance of firearm deaths in the country.

International News

The Wall Street Journal    China RealTime Report

Tongue-tied on North Korea, China Blasts Israel

Watching China’s instant condemnation of the Israeli assault on an aid flotilla bound for Gaza, South Koreans must be wondering more than ever when China will muster a clear response to their own nautical tragedy.

China to Help Hybrid Buyers

Government aims to create strong domestic industry but generous rebates risk a backlash as rich-poor divide grows

 BEIJING—China will subsidize buyers of battery-powered cars and plug-in hybrids under a pilot program aimed at keeping the country competitive in the global race to develop an electric-vehicle industry, but which also risks a public backlash.

Buyers of electric vehicles will receive up to 60,000 yuan ($8,800), and buyers of certain gasoline-electric hybrids as much as 50,000 yuan, under the two-year program set to start this year in five cities—Shanghai, Hangzhou, Changchun, Shenzhen and Hefei—the ministry of finance said Tuesday.

Similar subsidy programs already are offered or are being rolled out in the U.S., Japan and Europe.

Electric-car producers in ...

The New York Times

Honda Says China Workers Take Raise to End Strike

SHANGHAI — Several Honda Motor employees said Tuesday that the strike at the Japanese automaker’s transmission plant in southern China had yet to be settled, despite Honda’s contention that a majority of the 1,900 workers on strike had accepted its proposed 24 percent pay increase.

Chinese Honda Strike a Wake-Up Call for Japan

TOKYO — The strike that has crippled production at Honda Motor’s factories in China has come as a wake-up call to Japan’s flagship exporters as they seek to remain competitive and push into China’s burgeoning market with the help of low-wage workers.

The Age

Doubts rise over Chinese demand
JOHN GARNAUT, BEIJING

THE Chinese economy is slowing as Beijing takes new measures to cool the property market, with some economists now more nervous about sustaining growth than overheating.

Asia Times Online

Mainland envoys storm Taiwan's shops
By Jens Kastner

Chinese envoys flooding into Taiwan with huge orders for a wide variety of local products are being given a warmer welcome than a couple of years ago. The pro-independence opposition party claims the visits aren't purely economic and that Beijing is asserting that Taiwan is a province of China, but even it has recently started to take a more moderate stance.

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