China

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For Buffett, Best Suits Are Made in China

Obscure clothier outfits Omaha sage, Bill Gates—and Hu Jintao

(Newser) - One is America's most famous capitalist, the other leads China's Communist Party. But Warren Buffett and Hu Jintao have something in common—they both get their suits from Trands, an obscure northern Chinese menswear company not open to the public. Buffett, who recently recorded a promotional video for Trands' owners,...

China Sells Gas to Iran Despite US Pressure

Provides 1/3 of its fuel imports

(Newser) - Chinese state oil companies began selling gasoline to Iran this month and now provide 30,000 to 40,000 barrels a day, or as much as a third of the country's imports. The development comes despite US-led attempts to block gas shipments to Iran, which has seen oil giants BP ...

In Hong Kong, Palin Blames Big Gov't for Crisis

Former Alaska governor tries to burnish foreign credentials

(Newser) - The global financial crisis was the fault of governments, not corporations, Sarah Palin told investors today at a closed-door talk in Hong Kong. In her first speaking engagement outside North America, the former Alaska governor said that "we got into this mess because of government interference in the first...

Buyers Scammed for Millions in Record EBay Ripoff

Customers paid big bucks for counterfeit products

(Newser) - Consumers around the world were bilked out of millions of dollars for counterfeit golf clubs in the biggest-ever eBay scam, reports the Times of London. The clubs, as well as clothing, accessories and passes for an airline lounge, were auctioned online from 2004-2008 by a criminal network involving crooks from...

Generation of Rich Brats Sparks Chinese Anger

Lethal car accident, lenient sentence trigger wave of Internet outrage

(Newser) - Public outrage aimed at new generation of elites is widening class divisions as China prepares to mark 60 years of Communist rule, the Wall Street Journal reports. The sons and daughters of those who got rich after the economic reforms of the early '80s are widely seen as being above...

French Tourist Attacked Near Tiananmen

Second stabbing incident in 2 days rattles Beijing

(Newser) - A French  tourist was attacked and injured by a knife-wielding man near Beijing's Tiananmen Square today, raising tensions as the Chinese capital prepares to mark 60 years of Communist rule, the AP reports. Two security guards were killed and at least a dozen other people were injured in another attack...

Palin Plans Media Kiss-Off for China Talk

Foray into foreign affairs will unfold behind closed doors

(Newser) - A speech Sarah Palin plans for later this month in Hong Kong won’t leave the room, CNN reports. Not only will reporters not be allowed in, but they won’t even know what they’re missing. “We are not disclosing the topic of Sarah Palin's presentation at this...

Dow Gains 21 as Industrial, Utility Sectors Rise

Signs of life in M&A spur late advances

(Newser) - Stocks swung to gains late in the session today, with industrial stocks and utilities pacing advances, the Wall Street Journal reports. Reports of the Chinese government acquiring power-plant developer AES boosted the S&P 500. AES gained 4.5%, and General Electric climbed 4.6%. The Dow rose 21.39...

China Accuses US of Dumping Chicken, Auto Parts

Latest targets: chickens and tires

(Newser) - US-China trade tensions escalated yesterday when Beijing announced it was investigating whether the US dumped auto parts and chicken products onto the Chinese market, the LA Times reports. An expert calls the retaliatory move, which comes days after the White House slapped a 35% import tariff on Chinese tires, "...

NFL Springs Pop Music Reality TV Show on China

Football show stars Taiwanese band loved 'liked the Beatles'

(Newser) - The NFL has tried and failed to make a dent in the European market, so the world’s most lucrative sports league is trying something different in China, the Washington Post reports: less football, more reality TV. The resulting show, NFL Blitz, features Taiwanese band Mayday—"like the Beatles"...

Obama Slaps Stiff Tariff on Chinese Tires

China threatens retaliation after president moves to protect US tire industry

(Newser) - President Obama has imposed tough new tariffs on the import of Chinese-made tires, the Wall Street Journal reports. The 35% import tariff comes in response to industry complaints that Chinese-made tires are flooding the US, jeopardizing thousands of jobs. China attacked the decision, saying it violated trade rules, and threatened...

9 Busted in China Syringe Attacks

Spate of random stabbings unsettle western Urumqi

(Newser) - Chinese authorities have arrested nine suspects in connection with the recent spate of syringe attacks in Urumqi, reports state media. Some 531 people had been stabbed with hypodermic needles in Urumqi, most but not all of whom were Han Chinese, according to police. The attacks had set off another round...

China May Invest in Bargain US Real Estate

Sovereign-wealth fund to ramp up spending after quiet 2008

(Newser) - China’s sovereign-wealth fund has its eyes on US real estate, the Wall Street Journal reports. China Investment Corp. laid low throughout 2008 as the global economy teetered but is now opening its coffers. And depressed US commercial property values—off 35% from their peak—coupled with cheap government financing,...

Chinese Mine Explosion Kills 35
 Chinese Mine Explosion Kills 35 
UPDATED
Sep 8, 2009 3:21 AM CDT

Chinese Mine Explosion Kills 35

Rescuers scramble to save victims in Pingdingshan City explosion

(Newser) - An explosion at an illegal coal mine killed 35 miners in central China's Henan province today and left another 44 men trapped, the government said. The mine's owners have been placed under police surveillance and the company's bank accounts have been frozen after an initial investigation found that the mine...

11 Hurt in Hong Kong Acid Attack

Fourth similar attack this year, man busted

(Newser) - Eleven people were injured when a man threw acid at a busy market yesterday in the fourth such attack in the Chinese special administrative region this year. Nine people suffered burns and were treated on site, while two more were taken to the hospital. A 28-year-old man was arrested, CNN ...

China Scientists Report UFO
 China Scientists Report UFO 
Sep 7, 2009 5:16 AM CDT

China Scientists Report UFO

Researchers analyzing 40 minutes of film during July solar eclipse

(Newser) - Chinese scientists have reported filming a UFO for 40 minutes during the solar eclipse in July, reports the Telegraph. Researchers from the Purple Mountain Observatory in Nanjing said they will study the footage for a full year before they issue any conclusions. Scientists "discovered near the sun an unidentified...

China Orders Websites to Register Names of Users

Once-anonymous posters must register with true identities for 'social responsibility'

(Newser) - The Chinese government has quietly instructed news websites there to require new users and commenters to log on under their true identities, the New York Times reports. Netizens in China have long resisted the so-called “real name system,” which the government claims engenders “social responsibility” and greater...

Journos: Koreans Grabbed Us on Chinese Soil

Laura Ling and Euna Lee describe their capture ordeal

(Newser) - The two American journalists detained for months in North Korea were on Chinese soil when they were seized by border guards, they write in Current.com. Laura Ling and Euna Lee say they were reporting on the human trafficking of North Korean refugees in China when their guide briefly brought...

iPhone Nears China Debut
 iPhone Nears China Debut 
Aug 27, 2009 5:35 AM CDT

iPhone Nears China Debut

Apple receives license from Chinese government for prototype

(Newser) - Apple has won a technical license from the Chinese government to operate a version of the iPhone that could work with the country’s mobile network, the Wall Street Journal reports. The approval brings the company closer to debuting its hottest product in China’s massive mobile phone market. It’...

Dalai Lama to Visit Taiwan
 Dalai Lama to Visit Taiwan 
Aug 26, 2009 9:30 PM CDT

Dalai Lama to Visit Taiwan

(Newser) - Taiwan has agreed to let the Dalai Lama visit the island to comfort survivors of a devastating typhoon, a decision that could anger China. Beijing considers the Buddhist spiritual leader a "splittist" for promoting autonomy in the Chinese region of Tibet. Allowing him to visit Taiwan could undermine the...

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