Base metals struggle amid China concerns
Copper fell below the $7,000-a-tonne mark as the threat of tighter monetary policy in Beijing, plans to reform Wall Street and sovereign risk all weighed on sentiment
Course Correction
Newsweek reports on Beijing’s new approach toward Tibet, almost two years after deadly riots engulfed Lhasa:
“…Though local riots looked bad in the press, they never really threatened control of Tibet. And the Dalai Lama has consiste…
Shanghai representatives voice concerns at congress
Shi Weiguo never expected to be able to participate in the annual meeting of the municipal people’s congress, let alone be a part of that force to drive for change.
MSCI China falls 10% from Nov. high on loan concerns
(ChinaPost.com.tw) – The MSCI China Index fell more than 10 percent from last year’s high in November, dragging the country’s stocks into a so-called correction; on concern government measures to curb lending will derail growth.
Coming to Beijing: More waste incineration projects
Beijing government officials said yesterday they will proceed with plans to build more waste incineration plants this year, despite some local residents and experts voicing protests and concerns over pollution brought by the controversial technology.
China steel prices drop most in four months on stocks
(ChinaPost.com.tw) – Steel prices in China, the world’s biggest producer of the metal, dropped the most in four months last week as inventories piled up and concerns grew that the government may curb lending.
Bank of China shares down on fund-raising plan
(ChinaPost.com.tw) – The Bank of China’s shares slipped yesterday after it said it may tap the market for tens of billions of dollars as concerns intensify over the risk of bad loans following a lending spree last year.
Hackers target friends of Google workers
Personal friends of employees at Google, Adobe and other companies were targeted by hackers in a string of recently disclosed cyberattacks, raising privacy concerns and pointing to a highly sophisticated operation, security experts said.
1982 wine fetches US$46,700 at HK auction
(ChinaPost.com.tw) – A 6-liter bottle of Chateau Lafite 1982 fetched HK$363,000 (US$46,700), nearly twice its presale high estimate, at a sold-out wine auction in Hong Kong as the quest for rarity and inflation concerns drove prices higher.
China: Google case not linked to ties with U.S.
(ChinaPost.com.tw) – Google’s threat to pull out of China over concerns about censorship and security should not affect ties with the United States, a top Chinese official said Thursday, seeking to contain the government’s dispute with the Internet giant.