China upgrades warning level for strong Typhoon Fanapi
China’s meteorological authority raised the level of alert for Typhoon Fanapi to the second highest on Sunday as it nears the country’s south coast. Fanapi, the 11th typhoon to hit China this year, will move westward at a speed of 20 kilometers per hour, and make landfall between Monday morning and noon at the [...]
Apple WiFi iPad due in China on September 17
Apple has announced the availability of WiFi iPad tablets in China from September 17. That does sound a bit surprising as Apple products like iPod, iPhone, iPod touch and even iPad are assembled in China itself. Still, the democratic nation doesn’t get any brownie points for the same. The Cupertino based company hasn’t disclosed if [...]
Asia Currencies Fall on US Slowdown, Pare Slide on China Data
Asian currencies fell after the U.S. reported a drop in retail sales and Federal Reserve officials trimmed their economic growth forecasts, dimming the outlook for exports. Declines moderated after China said its gross domestic product increased more than 10 percent for a third quarter. The Bloomberg-JPMorgan Asian Dollar Index and the MSCI Asia Pacific Index [...]
China Shares End Up Tad On Short Covering in Some Property Firms
China’s shares ended slightly higher Wednesday as investors closed short positions on property firms, but the thin trading volume reflected the lingering concerns about possible new domestic tightening measures. The benchmark Shanghai Composite Index, which tracks both A and B shares, ended up 0.1%, or 3.16 points, at 2625.79. The Shenzhen Composite Index fell 0.1%, [...]
Flood traps 153 coal miners in northern China
BEIJING — Rescuers were scrambling Monday to save 153 workers trapped after a flood swept through a coal mine in northern China, the country’s work safety agency said. Authorities had said Sunday night that 123 workers were missing after the Wangjialing Coal Mine in Shanxi province flooded Sunday afternoon. It wasn’t immediately clear why the [...]
Doing business in China getting tougher for U.S. companies
Just a few years ago, the mantra in Silicon Valley went like this: What’s your China strategy? A 2010 update could be: What’s your China headache? China’s allure is stronger than ever. It remains a cheap place to manufacture goods, and its rapidly growing domestic market includes 400 million Internet users and 700 million mobile-phone [...]
Will Google’s China move set a new tone?
Chinese official calls company’s decision ‘totally wrong’ SAN FRANCISCO (MarketWatch) — Google Inc.’s decision to brazenly challenge Internet censorship laws in China may encourage other firms doing business in the Middle Kingdom to adopt a bolder tone, industry experts say. However, they say potential benefits of the rapidly-developing Chinese market mean that any emerging chorus [...]
For Google stock, China could mark turning point
(Reuters) – An exit from China’s search market could mark a setback not only for Google Inc’s (GOOG.O) global business strategy but for a stock that has long been synonymous with virtually limitless growth opportunities. After nearly six years of tantalizing Wall Street with its unbridled potential, Google is for the first time threatening to [...]
Google may announce China plans next Monday: report
(Reuters) – Google Inc may make an announcement next Monday about whether it will pull out from China, the China Business News reported on Friday, quoting an unnamed Google employee. The report also said a local authorized agent had received unconfirmed information that Google would leave China on April 10. “I have received information saying [...]
China warns Google’s partners it could turn the heat on them
China has told Google’s partners in the country that they should have a backup plan in case Google shuts its services down. They will have to conform with the country’s draconian censorhip rules themselves, an official told the New York Times. Websites that currently use the Google search box would need to filter results themselves, [...]
