International Business News - china http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The NBA has formed a joint venture with Anschutz Entertainment Group to design and develop about 12 multipurpose, NBA-style arenas in major Chinese cities. http://www.ibtimes.com/articles/20081013/nba-in-joint-venture-to-build-arenas-in-china.htm Mon, 13 Oct 2008 10:34:19 EDT Chinese stocks recovered from early losses Monday in what analysts said was a buying spree by state-owned financial institutions. The benchmark Shanghai Composite Index gained 3.7 percent, or 73.00 points, to 2,073.57. It had dropped 3.4 percent by midday in volatile trading. The Shenzhen Composite Index added 1.9 percent to 541.32. http://www.ibtimes.com/articles/20081013/china-stocks-rebound-on-government-led-buying.htm Mon, 13 Oct 2008 07:30:55 EDT China's trade surplus in September hit a new monthly high of $29.3 billion, the government said Monday. In a sign of more balanced trade, however, the surplus for the first nine months of the year actually shrank by 2.6 percent, or $4.92 billion, when compared with the first nine months of last year. http://www.ibtimes.com/data/articleimgs/151299-china-trade-surplus.jpg http://www.ibtimes.com/articles/20081013/chinas-september-trade-surplus-at-29-3-billion.htm http://www.ibtimes.com/articles/20081013/chinas-september-trade-surplus-at-29-3-billion.htm Mon, 13 Oct 2008 11:18:30 EDT An ambitious young Chinese politician has withdrawn from a Hong Kong beauty pageant following withering criticism from commentators online, state media reported Monday. http://www.ibtimes.com/articles/20081013/china-lawmaker-quits-beauty-contest-after-outcry.htm Mon, 13 Oct 2008 07:01:40 EDT The family of a baby whose death has been blamed on toxic milk filed suit against one of China's largest dairies Monday, while another dairy ensnared in the scandal said it was a victim of unscrupulous subcontractors. http://www.ibtimes.com/data/articleimgs/151247-china-tainted-milk-sanlu.jpg http://www.ibtimes.com/articles/20081013/chinese-dairy-blames-subcontractors-for-tainting.htm http://www.ibtimes.com/articles/20081013/chinese-dairy-blames-subcontractors-for-tainting.htm Mon, 13 Oct 2008 08:23:37 EDT China's ruling Communist Party on Sunday said it would seek to expand its massive internal market to counter the global economic slowdown that has reduced international demand for Chinese goods. http://www.ibtimes.com/data/articleimgs/150805-china-communists-economy.jpg http://www.ibtimes.com/articles/20081012/china-communists-seek-to-expand-internal-market.htm http://www.ibtimes.com/articles/20081012/china-communists-seek-to-expand-internal-market.htm Sun, 12 Oct 2008 11:03:40 EDT A crane at a construction site next to a Chinese kindergarten collapsed Friday, killing five children, the official Xinhua News Agency said. The children were playing outside and were killed by falling bricks as the crane crashed onto the kindergarten in Zibo city in Shandong province and damaged its roof, Xinhua said. http://www.ibtimes.com/articles/20081010/crane-collapses-on-chinese-kindergarten-killing-5.htm Fri, 10 Oct 2008 10:02:31 EDT Chinese shares dropped Friday for a fifth day, adding to Asian losses as financials and agricultural stocks fell. The benchmark Shanghai Composite Index finished down 3.57 percent, or 74.01 points, to close at 2,000.57. The Shenzhen Composite Index for China's smaller second market sank 5.54 percent to 531.43. http://www.ibtimes.com/articles/20081010/china-shares-drop-5th-day-joining-asian-losses.htm Fri, 10 Oct 2008 07:21:17 EDT Beijing will ban half of its 3.4 million cars from the roads during periods of very heavy pollution, a state news report said Friday. The city will temporarily reinstate measures it introduced during the Olympic Games and ban cars on alternate days--depending on whether their license plates are odd or even--if pollution levels rise to extreme levels, the China Daily newspaper said. http://www.ibtimes.com/data/articleimgs/148789-china-economy.jpg http://www.ibtimes.com/articles/20081010/beijing-to-ban-half-its-cars-during-high-pollution.htm http://www.ibtimes.com/articles/20081010/beijing-to-ban-half-its-cars-during-high-pollution.htm Fri, 10 Oct 2008 08:01:24 EDT China used a World Trade Organization meeting Thursday to criticize countries that have banned Chinese milk since the discovery that some of the country's dairy products were laced with the industrial chemical melamine. http://www.ibtimes.com/articles/20081009/china-protests-milk-import-bans-at-wto-meeting.htm Thu, 09 Oct 2008 13:59:38 EDT Peering into five pails of foaming milk, Wang Guifeng quickly jotted down the farmer's name before signaling the batch was OK. Every day he rejects milk from two or three farms whose cows don't meet hygiene standards or show signs of disease. http://www.ibtimes.com/data/articleimgs/148149-china-tainted-milk.jpg http://www.ibtimes.com/articles/20081009/scandal-forces-reform-in-china-dairy-industry.htm http://www.ibtimes.com/articles/20081009/scandal-forces-reform-in-china-dairy-industry.htm Thu, 09 Oct 2008 13:05:27 EDT The World Trade Organization has partly sided with the United States in a dispute with China over product piracy, officials said Thursday. The WTO panel faulted China for not prosecuting pirates who copy CDs and DVDs before they are passed by censors, one trade diplomat who had reviewed the interim ruling said. http://www.ibtimes.com/articles/20081009/official-wto-faults-china-in-piracy-dispute.htm Thu, 09 Oct 2008 14:21:06 EDT Hewlett-Packard Co. plans to create a new factory for desktop and laptop computers in the Chinese city of Chongqing, it said Thursday. HP already has several facilities in China, and is the second-largest maker of PCs in the country, it said. http://www.ibtimes.com/articles/20081009/hp-to-create-new-pc-factory-in-china.htm Thu, 09 Oct 2008 12:50:25 EDT China on Thursday rejected concerns that it would torture Chinese Muslims held by the U.S. military at Guantanamo Bay if they are returned to China, saying they will be dealt with according to the law. http://www.ibtimes.com/articles/20081009/china-says-it-wont-torture-guantanamo-detainees.htm Thu, 09 Oct 2008 11:01:09 EDT China's top diplomat in the United States says Washington's approval of a multibillion-dollar arms package for Taiwan is a "gross violation" of U.S. commitments to Beijing. http://www.ibtimes.com/articles/20081009/china-envoy-us-should-stop-taiwan-arms-sales.htm Thu, 09 Oct 2008 09:19:49 EDT One of China's leading private movie companies expects to list on the Shenzhen Stock Exchange in the first half of 2009, its chief executive said Thursday. http://www.ibtimes.com/articles/20081009/huayi-brothers-expects-china-listing-next-year.htm Thu, 09 Oct 2008 07:54:23 EDT China's ruling Communists kicked off a four-day meeting Thursday to discuss agricultural reforms, as the government seeks to maintain growth and guard against the effects of the global economic crisis. http://www.ibtimes.com/articles/20081009/china-communists-meet-amid-global-economic-turmoil.htm Thu, 09 Oct 2008 07:29:06 EDT China said Thursday that a prominent Chinese human rights activist should not be awarded the Nobel Peace Prize, saying such an honor would go against the spirit of the award. http://www.ibtimes.com/articles/20081009/china-opposes-peace-prize-for-rights-activist.htm Thu, 09 Oct 2008 06:38:06 EDT Chinese stocks fell Thursday, giving up earlier gains in volatile trading as investors reacted to interest rate cuts aimed at easing the global credit crunch. http://www.ibtimes.com/data/articleimgs/148039-china-markets.jpg http://www.ibtimes.com/articles/20081009/china-shares-fall-despite-interest-rate-cut.htm http://www.ibtimes.com/articles/20081009/china-shares-fall-despite-interest-rate-cut.htm Thu, 09 Oct 2008 07:01:42 EDT The number of villagers sickened by drinking water contaminated with arsenic in southern China has risen to 200, the official Xinhua News Agency said Thursday. http://www.ibtimes.com/articles/20081009/china-200-villagers-sickened-by-arsenic-in-water.htm Thu, 09 Oct 2008 05:30:20 EDT