'china'에 해당되는 글 24건

  1. 2009.03.31 Google, music labels launch China download service by CEOinIRVINE
  2. 2009.02.12 Mrs. Clinton Goes to China by CEOinIRVINE
  3. 2008.12.18 China After 30 Years of Reform by CEOinIRVINE
  4. 2008.12.11 At Vogue China’s Icons 2008 Awards, Life Is A Cabaret by CEOinIRVINE
  5. 2008.12.09 China irks US with computer security review rules by CEOinIRVINE
  6. 2008.11.29 businessmen of the year by CEOinIRVINE
  7. 2008.11.28 China Losing Luster with U.S. Manufacturers by CEOinIRVINE
  8. 2008.11.27 Oil prices jump again in a volatile week by CEOinIRVINE
  9. 2008.11.27 China Hacks At Rates by CEOinIRVINE
  10. 2008.11.25 Beijing's Confidence Game by CEOinIRVINE

Google Inc. and major music companies launched a free Internet music download service for China on Monday in a bid to help turn a field dominated by pirates into a profitable, legitimate business.

The advertising-supported service will offer 1.1 million tracks, including the full catalogs of Chinese and Western music for Warner Music Group Corp. (nyse: WMG - news - people ), EMI Group Ltd., Sony (nyse: SNE - news - people ) Music Entertainment and Universal Music and 14 independent labels, the companies said. It will be limited to use by computers whose Internet protocol, or IP, addresses show they are in mainland China.

"This is the first really serious attempt to start monetizing online music in China," said Lachie Rutherford, president of Warner Music Asia and regional head of the global recording industry group, the International Federation of Phonographic Industries.

Chinese pirate Web sites offer downloads of unauthorized copies of music despite repeated lawsuits and government crackdowns. Legitimate producers have no estimate of lost potential sales, but some Chinese performers have announced they were no longer recording because piracy made it unprofitable.

The venture gives Google (nasdaq: GOOG - news - people ) a new way to compete in a market where its research shows 84 percent of people say finding music is their main reason to use search engines, said Kai-Fu Lee, Google's president for Greater China.

"With today's offering, we complete the puzzle and offer a complete set of services that are fully integrated," he said.

China has the world's biggest online population, with some 300 million Internet users, according to the government. Online commerce is still modest in China and most Web surfers are looking for music, games and other entertainment.


To Read More:
http://www.forbes.com/feeds/ap/2009/03/30/ap6228637.html

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What the new top diplomat will--and won't--get out of her Asian tour.

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Hillary Clinton, breaking recent tradition, will go to Asia on her first trip abroad as secretary of state. Beginning the middle of this month, she will visit Japan, Indonesia and South Korea. The last stop on her itinerary will be China. China was also the last stop on Madeleine Albright's maiden trip in 1997 when she started in Europe and worked her way east. Both Condoleezza Rice and Colin Powell visited Europe and the Middle East on their first foreign visits.

Rich in symbolism, first trips are always important. To her credit, Mrs. Clinton is making Tokyo her initial stop. As she told the Senate last month, "Our alliance with Japan is a cornerstone of American policy in Asia."

Despite their importance, the Japanese have come to doubt their relationship with the U.S., and ties became strained toward the end of the Bush administration. They were worried about many differences they had with Washington--such as those over North Korea--but their real concern was that America would eventually abandon them in favor of the giant next door.

Indeed, it was Mrs. Clinton's husband who started the "Japan passing" fear by going to Beijing in 1998 and skipping Tokyo. The State Department, always concerned about angering the Chinese, said that Mrs. Clinton chose Tokyo for her first stop due to "scheduling" reasons, but that's not how the rest of the world sees it.

Yet few outside Japan will be watching when the secretary of state touches down in Tokyo. For one thing, Japan looks like it is in the midst of a historic political transition. The odds are that both Prime Minister Taro Aso and his Liberal Democratic Party will be out of power by September, the deadline for the next election for the Diet's lower house.

The Jakarta and Seoul stopovers will also be largely ignored by the global community. It is only when the planet's lone superpower pays a visit to its most populous nation that the world will start paying attention.

The meeting, though, is less important than most observers assume. Just about every American these days worries that China will stop purchasing Treasury debt, which will be issued to fund the Obama administration's planned stimulus package--and its other spending requirements.

The Chinese have played upon this American anxiety, most recently at the end of last month when Premier Wen Jiabao, speaking in London, suggested that President Obama would like to know what Beijing will do in this regard.

Yet there is not much Mrs. Clinton can say to her Chinese hosts that will affect how much U.S. Treasury debt they decide to purchase. As a practical matter, Beijing needs to park most of its dollar earnings from exports in safe dollar-denominated instruments. And as Chinese exports fall--forecasts for last month indicate they dropped 14% after recording declines in November and December--Beijing will buy fewer Treasuries. Mrs. Clinton, to avoid signaling that Beijing has leverage, could surprise the Chinese and skip this topic altogether.

There are other issues to talk about, of course, but, as the Bush administration discovered after seven years of intensive discussion, it is unlikely the Chinese can be persuaded to do anything they would not otherwise have done on their own.

For example, China does not look like it will substantially change long-held policies supporting the regimes in Iran and North Korea. Chinese currency tactics are largely set, as are positions on the Doha Trade Round and access to China's domestic markets. And there will be no movement on Taiwan.

Human rights, a perennial topic, is almost beyond discussion these days as Beijing has dug in its heels. Unless Mrs. Clinton is prepared at this early stage to make drastic concessions or apply unprecedented pressure, she will not make significant progress this month.

There are a host of things China wants--a giveaway of environmental technology is on the list, as is more information sharing with the Pentagon--but the better strategy is to have the Chinese come to Washington to ask for them, rather than have Mrs. Clinton go to China to hand them out.

The Obama administration has not even named its ambassador to Beijing or had time to formulate China policy, so the secretary of state's trip to the Chinese capital looks premature. In fact, it appears as if the new top diplomat is going to Beijing at this moment less to pursue policy objectives than to get a head start on consolidating her grip on China policymaking inside Washington.

Mrs. Clinton's most important scheduling mistake is not that she's going to China, however. It is the stopover that is not on the itinerary. If she wanted to go to Asia early in her tenure--and that is a generally sound strategy--she should have reserved time for New Delhi.

India shares values with the U.S. as well as strategic goals. The relationship is promising, and there is much to discuss. The secretary of state would be surprised how much she could advance relations with the Indians—and how much progress she could make with the Chinese if they saw her talking to the nation they fear the most.

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First Of A Four-Part Series

Every society changes, but China's changes faster. The startling transformation that began 30 years ago this month with the accession of Deng Xiaoping has been one of the world's great stories.

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Deng's great legacy was undoing Mao Zedong's. Mao captured China and then proceeded to regiment, repress and ultimately deny it of vitality. When he died in September 1976, Chinese leaders knew there would have to be reform. The debate in Beijing was how much should be allowed and how fast it should occur.

The now-accepted narrative is that Deng argued for a startling transformation of Chinese society. We buy the story that he first debated with his fellow revolutionaries, then experimented and finally decreed change.

Yet, in reality, reform progressed more by disobedience than design. Initial failure to meet state-planning goals forced Deng to back away from command-economy tactics and permit individual initiative. Peasants on large collective farms, for example, were permitted to form "work groups" to tend designated plots. Central government policies specifically prohibited these groupings from including just one family. But families started to look after their own plots--and local officials pretended not to notice.

Urban subterfuge followed rural subterfuge. Deng's Beijing strictly prohibited private industry, but entrepreneurs proceeded by operating their businesses as "red hat" collectives and enterprises--private companies operating under the flag of state ownership. Deng's reforms succeeded because the Chinese people disobeyed Deng's rules.

Such defiance would have been unthinkable in the Maoist years. Deng's great contribution, therefore, is not so much that he planned China's "economic miracle" but that he let it happen. The economy during the last three decades has grown at an average annual rate of 9.8% largely because peasants, workers and frustrated bureaucrats made themselves into entrepreneurs and pushed their country forward. By ignoring central government decrees, they built private businesses now accounting for as much as half of the Chinese economy.



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At Vogue China’s Icons 2008 Awards, Life Is A Cabaret

December 8, 2008  2:46 pm

Candy Pratts Price offers animated commentary direct from China. Check back daily for her latest updates.

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The Chinese government is stirring trade tensions with Washington with a plan to require foreign computer security technology to be submitted for government approval, in a move that might require suppliers to disclose business secrets.

Rules due to take effect May 1 require official certification of technology widely used to keep e-mail and company data networks secure. Beijing has yet to say how many secrets companies must disclose about such sensitive matters as how data-encryption systems work. But Washington complains the requirement might hinder imports in a market dominated by U.S. companies, and is pressing Beijing to scrap it.

"There are still opportunities to defuse this, but it is getting down to the wire," said Duncan Clark, managing director of BDA China Ltd., a Beijing technology consulting firm. "It affects trade. It's potentially really wide-scale."

Beijing tried earlier to force foreign companies to reveal how encryption systems work and has promoted its own standards for mobile phones and wireless encryption.

Those attempts and the new demand reflect Beijing's unease about letting the public keep secrets, and the government's efforts to use its regulatory system to help fledgling Chinese high-tech companies compete with global high-tech rivals. Yin Changlai, the head of a Chinese business group sanctioned by the government, has acknowledged that the rules are meant to help develop China's infant computer security industry by shielding companies from foreign rivals that he said control 70 percent of the market.

The computer security rules cover 13 types of hardware and software, including database and network security systems, secure routers, data backup and recovery systems and anti-spam and anti-hacking software. Such technology is enmeshed in products sold by Microsoft Corp. (nasdaq: MSFT - news - people ), Cisco Systems Inc. (nasdaq: CSCO - news - people ) and other industry giants.

Giving regulators the power to reject foreign technologies could help to promote sales of Chinese alternatives. But that might disrupt foreign manufacturing, research or data processing in China if companies have to switch technologies or move operations to other countries to avoid the controls. Requiring disclosure of technical details also might help Beijing read encrypted e-mail or create competing products.





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businessmen of the year

Business 2008. 11. 29. 07:27

Businessmen of the Year

Rebecca Buckman, 12.08.08, 12:00 AM EST

China's Yang Yuanqing and American William Amelio pursue a different PC strategy for Lenovo, challenging mindsets and market dips along the way.

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William Amelio and Yang Yuanqing

Forbes Asia's first such honorees from a Chinese company are actually not to be found in China in the normal course of business. Silicon Valley correspondent Rebecca Buckman did get lucky on her visit to the Beijing offices--Lenovo Group Chairman Yang Yuanqing was in China for a Wal-Mart conference and other company business. Usually he's in Raleigh, North Carolina, as Buckman's story that follows explains. ceo William Amelio can be anywhere: working out of his office in Singapore, jetting to a foreign locale or hunkering down in a hotel (as long as it has a gym). Such is the stuff of a modern technology concern, although Lenovo is clearly a special case.

In this year of crashing markets few companies are immune from the effects. Yang and Amelio now have something else to work through. But the record to date, including managing the absorption of a signature Western brand, bodes well for the future of a global company with Chinese characteristics. As tech analyst Ezra Gottheil says, "They're trying to pull something off in two years that takes most companies five or ten." And they're doing pretty well.

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Two years of disastrous quality-control breakdowns, from foul fish and lead-tainted toys to poisoned drugs and dairy products, are taking their toll on China's allure as a manufacturing platform. A new study by supply-chain consulting firm AMR Research found that quality concerns are among the chief reasons U.S. manufacturers are scaling back plans to source more goods from China.

Instead, U.S. companies are looking harder at Mexico and other locales closer to home when exploring where to put new capacity. The findings are based on a survey of 130 U.S. manufacturers, ranging from producers of drugs (BusinessWeek, 9/4/08) and computers to auto parts. The survey, completed in mid-October, found a sharp swing in attitudes toward China since May, when AMR conducted a similar study.

The reasons for the shift suggest serious problems for China's export machine that go far beyond the concerns over rising costs for wages, shipping, and materials that got a lot of attention earlier this year.

AMR asked U.S. manufacturers to rate different regions around the world (China and the U.S. were each counted as region unto themselves) on 15 different risks tied to sourcing products for sale in America. Just a few months ago the biggest concerns over China were rising factory wages and the hike in trans-Pacific shipping costs owing to soaring fuel prices. Since then, the 60% plunge in oil prices and a sharp falloff in U.S. imports from China have caused spot freight prices on ocean shipping to crash.

China Is Tops in Manufacturing Risk

Now, the biggest concerns over China are quality and theft of intellectual property (BusinessWeek.com, 4/27/06). Half of respondents to the survey cited China as the biggest source of "risk" for product quality failure. Fifty-seven percent rated China as the biggest risk of intellectual-property infringement. Both categories represented sharp increases from May. No other region was named as the biggest source of risk in those two areas by more than 7% of respondents.

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Oil prices rose Wednesday as a large interest rate cut in China and news of a possible Russian output cut appeared to counter another round of dour economic news and larger-than-expected crude stockpiles in the U.S.

Trading was very volatile, continuing a week of huge price swings from day to day.

There were no such swings for retail gasoline, however. As many Americans hit the road for Thanksgiving, pump prices fell again overnight to a national average of $1.868 for regular unleaded, according to auto club AAA. It marked the lowest price since January 2005.

The average national price has fallen 80 cents in just the past month and is down 40 percent from a year ago -- a rare bright spot for consumers in an otherwise dire economy.

"Of course, prices could go even lower than this, but this would tend to imply a far deeper global economic slowdown than we're currently experiencing and probably signal the arrival of a period of extreme economic adjustment as homes, factories and transportation systems reduce energy consumption," said AAA fuel price analyst Geoff Sundstrom.

In Nymex trading, light, sweet crude for January delivery jumped more than 5 percent, or $2.75 to $53.52 a barrel. The contract overnight fell $3.73 to settle at $50.77 after the U.S. said its gross domestic product shrank 0.5 percent in the third quarter, worse than previously estimated.

Buoyed by a surging Wall Street that reacted to news of a government bailout for Citigroup, oil prices climbed 9 percent Monday, then gave back much of the gain Tuesday amid more lousy economic news.

Crude's rebound Wednesday was not unexpected, some analysts said, noting the holiday week and relatively low trading volumes on the floor of the New York Mercantile Exchange.

"This has always been a very difficult week in which to generate a trend, and traders tend to be getting out of positions more than getting into them," the firm Cameron Hanover said in its Daily Energy Hedger report Wednesday.

Crude initially gave back early gains Wednesday after a new government inventory report showed far more crude and gasoline in storage than was expected.

For the week ended Nov. 21 crude inventories jumped by 7.3 million barrels, the Energy Department's Energy Information Administration said in its weekly report. Analysts had expected a boost of only 400,000 barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

Gasoline inventories rose by 1.9 million barrels. Analysts expected stockpiles to rise by only 300,000 barrels. Demand for gasoline over the four weeks ended Nov. 21 was 2.8 percent lower than a year earlier, averaging about 9 million barrels a day.

But in a report released a day early because of the Thanksgiving holiday, the EIA said natural gas storage levels fell more than expected last week and are 3.1 percent below the year-ago average.

In its weekly report, the government said natural gas inventories held in underground storage in the lower 48 states dropped by 66 billion cubic feet to about 3.42 trillion cubic feet for the week ending Nov. 21. Analysts had expected a drop of between 43 billion and 48 billion cubic feet, according to a survey by Platts.

In equities trading, Wall Street extended its gains into a fourth session Wednesday as investors digested mixed economic readings on jobless claims, orders for big-ticket items and personal spending.

Among the reports, the Labor Department said initial requests for unemployment benefits fell to a seasonally adjusted 529,000 from the previous week's upwardly revised figure of 543,000. That is lower than analysts' expectations of 537,000. Still, the initial claims remain at recessionary levels.

Meanwhile, the Commerce Department said orders to U.S. factories for big-ticket manufactured goods plunged in October by the largest amount in two years as the economy weakened. The 6.2 percent drop was more than double the 3 percent decline economists expected.

The Commerce Department also said Americans cut back on their spending in October by the largest amount since the 2001 terrorist attacks. Consumer spending plunged by 1 percent last month, even worse than the 0.9 percent decline that had been expected.

Overseas, China's biggest interest rate cut in 11 years -- and the fourth in three months -- was expected to lead to increased demand for oil.

"This could help speed up the Chinese economy's recovery from the current slowdown and therefore encouraging for oil demand growth in the future," said a report from Sucden Research in London.

Also affecting prices was news that Russia, one the world's largest crude producers, may join OPEC in output cuts, Energy Minister Sergei Shmatko said in New Delhi on Tuesday, Press Trust of India news agency reported.

JBC Energy in Vienna noted that it's been nearly seven years since non-OPEC oil exporters Russia, Norway and Mexico last made coordinated moves to cut output.

In London, January Brent crude rose $1.72 cents to $52.07 on the ICE Futures exchange.

In other Nymex trading, gasoline futures rose 5.26 cents to $1.1525 a gallon. Heating oil gained 4.78 cents to $1.7466 a gallon while natural gas for January delivery jumped 37.6 cents to $6.762 per 1,000 cubic feet.

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China Hacks At Rates

Business 2008. 11. 27. 04:05

China Hacks At Rates

Parmy Olson

Beijing sharply cuts interest rates to aid the country's faltering economy.

China Hacks At Rates

Parmy Olson, 11.26.08, 11:50 AM EST

Beijing sharply cut interest rates to aid the country's faltering economy.

China is scrambling to prop up its economy. The People's Bank of China made a 108-basis-point cut to interest rates on Wednesday after the markets closed, accelerating its recent policy of monetary loosening in the face of slowing exports and industrial production.

Though a rate cut was expected by the central bank, its magnitude--the largest since the Asian financial crisis in October 1997--was surprising. "Bottom line is the Chinese authorities think the economy is slowing down fast," said Nigel Rendell, a senior emerging market strategist at RBC Capital Markets. "It would not be unusual to cut by around 25 basis points--to do more than four times that highlights the downside risks."

Commodities firmed up on expectations of stronger demand from China, following the lowering of interest rates. Crude futures jumped $2.24, to $53.01 a barrel, on the Nymex; copper futures were up 6 cents, at $1.7140 a pound.

Earlier this week, the World Bank cut its forecast for economic growth in China to 7.5%, from 9.2%, though many economists expect an even slower rate of expansion, of anywhere between 2.0% and 7.0%.

This is the fourth time in three months that Beijing has reduced Chinese interest rates, but the several prior reductions, in October and August, were by just 27 basis points each time. China's benchmark rate now stands at 2.52%. The central bank also lowered its reserve requirements by 200 basis points for large banks and by 100 basis points for smaller banks on Wednesday.

The government has meanwhile been shifting fiscal gears as well, announcing on Nov. 9 a $586.0 billion fiscal stimulus plan. China is keenly monitoring the economic moves made by its key export partner, the United States, where consumer spending has recently slowed. (See "Americans Earn More, Spend Less.") Exports represented 37.1% of China's nominal gross domestic product in 2007. "I think China is looking at what's happening to consumers in the U.S. and what is likely to happen in the coming months," said Rendell. "They see house prices down, equity prices down and people being made unemployed."

China's economy is also still feeling the impact of previous measures that Beijing made to cool the economy and keep a lid on inflation; it was tightening monetary policy in the first half of this year, when the economy appeared to be growing too quickly. But in October, a lower than expected level of imports for the month showed that China was not picking up the slack from slowing economies elsewhere. (See "China's Disquieting Trade Surplus.")

China's currency actually strengthened slightly after the rate cut: the U.S. dollar bought 6.82 yuan late Wednesday in Beijing, down from the 6.83 yuan it bought on Thursday.

Rendell expects the currency to stay between 6.80 and 6.90 against the dollar, which is the range around which it has hovered since June. If exports suffered more markedly, the analyst said Beijing might let the yuan weaken further in 2009. But, given that China still has a notable current account deficit, there would undoubtedly be strong international pressure to keep it from going down that route any time soon, which would put struggling exporters in the West at a disadvantage.

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Beijing's Confidence Game

Business 2008. 11. 25. 04:36

State TV says provinces are slating an eye-popping $1.5 trillion in stimulus spending. The reality is likely far more underwhelming.

If China knows about anything, it is propaganda. The considerable power of the state's propaganda machine is now being thrown behind the effort to stop the economy from slowing too much.

On Sunday, as Prime Minister Wen Jiabao was on the last day of a three-day tour of Shanghai and Zhejiang province exhorting local companies to show confidence that they would get through what he called "difficult times," state broadcaster CCTV was reporting that provinces across China would add 10 trillion yuan ($1.5 trillion) to the 4 trillion yuan stimulus package that Beijing announced earlier this month.

Ten trillion yuan is an eye-catching number. It is twice the level of all state spending in 2007, not to mention two and a half times greater than the central government's proposed package of investments in infrastructure and social programs over two years. Lest we forget, Beijing was meant to be financing only a third of that directly; the rest was to come from provincial and local administrations, and from state-owned banks and companies.

It has not been clear what was new money in the 4 trillion yuan package and what old, already budgeted for in the current five-year plan or earmarked for natural disaster relief, and just bundled up to provide an eye-catching headline number. The 10 trillion yuan suffers from similar opaqueness behind the headline number.

CCTV came up with it after doing the rounds of the provinces counting up spending plans. The two biggest sets it found were 3 trillion yuan in Yunnan in the southwest and 2.3 trillion yuan in Guangdong, the southern export hub. These, though, are spending proposals, not commitments.

What we suspect is happening is this: after three years in which provincial governments have found financing infrastructure projects difficult as central government tried to stamp down on inflation by restricting credit, they are now rushing to find projects with which to lay claim to the 80 billion yuan not yet allocated out of the 100 billion yuan Beijing wants spent in the final quarter of this year. Those with the fattest pipeline, local officials believe, have the best chance of securing funding.

CCTV interviewed one local official in Hubei province who boasted how his colleagues had put in extra hours over the past two weeks as policy had suddenly reversed from curbing inflation to slowdown prevention, and had come up with 100 infrastructure and local develop projects to pitch. The official said their marching orders were to find already started projects being held back for lack of capital, or new projects that could give a quick boost to the economy.


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