Asia Bulletin
AsiaBulletin.com Monday 6th February 2012 Edition 062/10
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Man held for failing to repay loan to 1,000 lenders
The head of a Chinese firm that owns 36 schools and companies across the country has been detained after he failed to repay 2.2 billion yuan (around $350 million) in debt to about 1,000 private...


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Russian embassy in Libya stormed over veto on Syria
Dozens of Syrian protesters stormed the Russian embassy in Libyan capital Tripoli Sunday, a day after Russia and China blocked a UN resolution on the Syrian crisis.

According to witnesses, several...
More money for Tibet health care
China will considerably increase spending on health services in the Tibet region, an official said Sunday.

The expenditure will go up by about 30 percent to 1.4 billion yuan ($225 million) in 2012,...
Killer nabbed in China
A man who shot dead three people in eastern China Sunday has been arrested, police said.

The man, in his 30s, used a handgun to shoot three people dead around 10 a.m. in Dangxian village of Huining...
China mulls next generation rockets
China will launch its next generation Long March carrier rockets in the next five years, an expert said.

Yu Menglun, a researcher at the Chinese Academy of Sciences, said China has sought to develop...
Police hunt for Chinese teens who killed cats
Police in China's Shanghai city is on the lookout for three notorious teenagers suspected of having brutally killed 10 stray cats during the weeklong Spring Festival holiday.

Cleaners and residents...
Concerned India backs democracy transition in Syria
India has voted for an Arab and Western-backed UN resolution denouncing the violent crackdown in Syria and calling for a democratic transition, but Russia and China vetoed it, saying it amounted to...
Chinese love Swiss watches
People in China appear to have developed a special craving for Swiss watches, to go by their record sales.

Hong Kong, the No. 1 market for Swiss watches, contributed 410 million Swiss francs (about...
Chinese minister says rise of Asia signals 'greater balance in international power structure'
China's Vice Foreign Minister Zhang Zhijun has said that the rise of Asia represents greater balance in the international power structure.

Zhijun, during his speech at the Munich Security...
Cold wave to hit China
A cold wave will sweep China nationwide from Sunday evening to Tuesday, bringing gale winds and plunging temperatures in most parts of the country, the meteorological authorities warned Sunday.

The...
India backs move against Assad, rights body pats Delhi
India has voted for an Arab and Western-backed UN resolution denouncing the violent crackdown in Syria, but Russia and China vetoed it saying it amounted to advocating a regime change.

India and 12...
China plans to carry out safety overhaul of high-speed trains
China is planning to carry out a special campaign to check safety issues of high-speed trains this year.

China's work safety supervision authority, the State Administration of Work Safety, said in a...
Chinese to be taught in Pakistani schools
Chinese will soon be taught in schools across Pakistan, said a minister.

Federal Minister for Information and Broadcasting Firdous Ashiq Awan said arrangements were being made for introducing...
Russia, China veto UN resolution demanding Syrian President Assad to step down
Russia and China have vetoed a UN Security Council resolution calling for Syrian President Bashar al-Assad to step down in the wake of his government's deadly crackdown on protestors.

Thirteen of...
Taiwan shares open marginally higher
The Taiwan Stock Exchange's main index opened slightly higher from its previous close Monday, moving up 1.74 points at 7,742.98 on turnover of NT$3.798 billion (US$128.75 million). Taiwan share...
Fujian-Taiwan sea passenger volume rises 19 pct
A total of 109,711 passengers traveled between southeast China's Fujian Province and Taiwan via direct sea routes in January, up 19 percent year-on-year, local transportation authorities said. ...
China raises security in Buddhist monasteries, on roadways to prevent spread of Tibet protests
-- A senior official in Chinese-ruled Tibet is ordering heightened security in Buddhist monasteries and along key roadways as the government tries to prevent protests that erupted in neighboring...
China, Russia veto boosts Syria peace initiatives, experts say
Russia would usher in a new balance of global power. "The UN will no longer be a tool in the hands of the US and its allies to pass their military...
Caixin Online: China drafts law on occupational disease
Caixin Online ) -- In 2009, factory worker Zhang Haichao made headlines when he voluntarily underwent open-chest surgery to prove that he had contracted pneumoconiosis, also known as "black lung...
China bans airlines from paying E.U. carbon tax
HONG KONG (MarketWatch) -- China's aviation regulator has banned domestic airlines from participating in the European Union's Emissions Trading Scheme, according to a report Monday by the...
China defends Syria veto in People's Daily article
Bashar al-Assad to resign. The People's Daily said western campaigns in Libya, Afghanistan and Iraq showed the error of forced regime change.The commentary is China's clearest defence of...
Russian and Chinese Vetoes Prevent Passage of UN Resolution Condemning Syrian Violence
— Russia and China voted against a draft resolution that would have condemned a crackdown on anti-government protests in Syria and called on Bashar al-Assad, the Syrian president, to step...
China says its airlines will not pay EU carbon tax
China has banned its airlines from paying charges on carbon emissions imposed by the European Union, state media reported Monday. The charges that took effect last month are aimed at curbing...
Russian-Chinese Veto of U.N. Resolution on Syria Outrages U.S., Arabs
China vetoed a U.N. resolution that would have backed an Arab plan urging Syrian President Bashar al-Assad to give up power, and Washington vowed harsher sanctions against...
China Vanke Company sheds light on China’s housing market
China Vanke C, China's largest property developer by market value reported sales slumping 39.3% year over year to 12.2 billion yuan or $1.96 billion for the month of...
SAIC revives Shanghai brand
The original Shanghai was considered a more everyday car than the Hongqi - or Red Flag - used by high-ranking officials. Last year SAIC announced it will invest 22 billion yuan by 2015 to further...
Chinese stocks open higher Monday
BEIJING, Feb. 6 (Xinhua) -- Chinese shares opened higher on Monday, with the benchmark Shanghai Composite Index up 0.17 percent to open at 2,334.25. The Shenzhen Component Index opened at 9,451.17,...
Sales of holiday snack spike across China
Centenarian Huang Jingyuan shows she is still a dab hand at making tangyuan, glutinous rice balls, in Hefei in East China's Anhui province, on Sunday, the day before the Lantern Festival....
India and USA to protect Vietnam from China
Vietnam is not alone in a festering territorial dispute with China. In the near future Indian warships will arrive into the South China Sea. This is a group of destroyers CMD (controlled missile...
China bans airlines from paying EU carbon charges
AFP © <p>An airliner flies into Hongqiao International airport in Shanghai in January 2012. China's airlines are banned from paying charges on carbon emissions imposed by the European...
China detains Wenzhou exec in city's debt crisis - report
SHANGHAI (Reuters) - Police in China's eastern province of Zhejiang have detained a Wenzhou educational company boss for allegedly failing to repay large debts, the official Shanghai Securities...
For Harper, all trade roads now lead to China
When Prime Minister Stephen Harper lands in Beijing Tuesday on his second visit to China, it won’t be to patch up dents in the relationship from his early days in office. In little steps,...
In Wukan Village Election, the Party’s Not So Hidden Hand
Wukan residents cast ballots on Feb. 1in an election process that appears to be subject to arbitrary changes in rules by local Party officials. (STR/AFP/Getty Images) The Chinese village that...
China bans airlines from paying European Union carbon charges
Civil Aviation Administration of China . The EU imposed the tax with effect from January 1, but more than two dozen countries, including India, Russia, China and the United States, have opposed the...
Apple Set to Expand Presence in China
NEW YORK - Apple Inc recently released its fiscal 2012 first quarter results. The company posted record quarterly revenue of $46.33 billion, with iPhone sales totaling 37 million units.At the...
Anger after Russia, China block U.N. action on Syria
1 of 14. United States Ambassador Susan Rice speaks with an unidentified delegate during the U.N. Security Council meeting to discuss a European-Arab draft resolution endorsing an Arab League plan...
China detains Wenzhou exec in city's debt crisis: report
SHANGHAI (Reuters) - Police in China's eastern province of Zhejiang have detained a Wenzhou educational company boss for allegedly failing to repay large debts, the official Shanghai Securities...
Caixin Online: The basics of Chinese inbound investment deals
Caixin Online ) -- An accelerating number of Chinese companies are engaging in acquisitions and joint ventures in the United States and while it's generally understood that a large number of...
Craig Stephen's This Week in China: Hong Kong tiptoes into slump
Last week, Financial Secretary John Tsang doled out HK$80 billion ($10.3 billion) in sweeteners in his budget after ending the fiscal year with a HK$67 billion...
Hong Kong shares rise, as HSBC leads financials
HONG KONG (MarketWatch) -- Hong Kong shares rose Monday to start the new week on a strong footing, with heavyweight HSBC Holdings PLC leading banks higher after a strong U.S. employment data for...
China issues EU carbon tax 'ban'
China has "banned" all airlines in the country from joining the European Union's Emissions Trading Scheme (ETS) aimed at cutting carbon emissions. The authorities have also barred the...
Hong Kong shares to start 1.3 pct higher
by financials and growth-sensitive sectors, tracking a Wall Street rally on Friday after U.S. jobs data bettered expectations. The Hang Seng Index was set to start up 1.25 percent at 21,015.55. The...
China's new rockets expected to debut within five years
BEIJING, Feb. 5 (Xinhua) -- China's new generations of the Long March rocket family, Long March-5, -6 and -7 are expected to make their maiden flights in the next five years, a rocket scientist...
China bans airlines from paying EU carbon
The official Xinhua news agency reported the ban on Monday, quoting the Civil Aviation Administration of China.The EU imposed the tax with effect from January 1, but more than two dozen countries,...
South African secures ties with China
In an effort to strengthen its ties with China, South African Airways has this week launched non-stop flights to Beijing. According to the airline the 15 hour flight, operated by an Airbus A340-600...
Weibo Platform Boosts Tudou as Web Gamers Climb: China Overnight
Feb. 6 (Bloomberg) -- Tudou Holdings Ltd. surged the most ever in New York, driving an index of U.S.-traded Chinese stocks to a seventh weekly gain, after the company announced an improved video...
China Limits Mortgage Loans for Foreigners, NDRC Says
Feb. 3 (Bloomberg) -- China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool...
Chinese and Japanese tourists plan to avoid UK during Olympics.
Ordinary tourists from China and Japan are extremely reluctant to visit the UK in the period before, during and after the Olympic games, according to major tour operators in those countries.Global...
Jinping's visit to be 1st by a would-be China president
Xi Jinping sometime this year. If he does come this year, it would be the first time a prospective president of China would have visited India before assuming charge....