Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
More Homes Added to Chinese Drywall Remediation Settlement
Dec 5 2011 // A new settlement has been reached with Knauf Plasterboard Tianjin (KPT) over defective drywall manufactured by the company in China. The Plaintiffs’ Steering Committee (PSC), the Homebuilder Steering Committee (HSC)...
Foreign Insurers Must Decide If China’s Growth Outweighs Disadvantages
Nov 30 2011 // Foreign insurers will have to answer for themselves whether their disadvantaged position relative to domestic insurers in China is outweighed by the country’s very substantial overall market growth, according to...
World Economy Counts the Cost of Euro Zone Dithering
Nov 23 2011 // From credit bottlenecks in Eastern Europe to slower growth in China, delays in tackling the euro zone’s debt crisis are causing ever-greater economic and financial damage well beyond the borders of the 17-nation...
U.S. Ambassador Urges China Not to Interfere in Business
Nov 18 2011 // China should allow domestic and foreign companies to make investment decisions without government interference, the U.S. ambassador to China said on Friday. Ambassador Gary Locke also said the United States would work to...
Catlin, China Re Announce Strategic Partnership; New Lloyd’s Syndicate
Nov 18 2011 // Catlin Group Limited has announced the formation of a strategic partnership with China Reinsurance (Group) Corporation (China Re) that will result in the establishment of a special purpose syndicate at Lloyd’s of...
Up to 300 More Homes to Be Repaired in Knauf Chinese Drywall Settlement
Nov 18 2011 // A new settlement has been reached with Knauf Plasterboard Tianjin (KPT) over defective drywall manufactured by the company in China. The Plaintiffs’ Steering Committee (PSC), the Homebuilder Steering Committee (HSC)...
HK Shares Close Down 2%; Chinese Insurers Slump
Nov 16 2011 // Hong Kong shares slumped on Wednesday, dragged down by weakness in Chinese insurers and property developers, with turnover low as investors became more averse to riskier assets on fears of contagion from Europe’s...
Insurance Association Head Says China May Open Auto Market to Foreign Firms
Nov 16 2011 // China, the world’s largest auto market, is likely to open its mandatory auto insurance market to foreign companies next year, chairman of the Insurance Association of China said on Wednesday. The 200 billion yuan...
IMF Head Warns World Economy Risks a ‘Lost Decade’
Nov 9 2011 // The head of the International Monetary Fund warned on Wednesday that Europe’s debt crisis risked plunging the global economy into a “lost decade” and said it was up to rich nations to shoulder the burden...
Cyber Attack Targets Chemical, Defense Firms
Nov 1 2011 // At least 48 chemical and defense companies were victims of a coordinated cyber attack that has been traced to a man in China, according to a new report from security firm Symantec Corp. Computers belonging to these...
US, EU, Japan Press China on Financial Services Reform at WTO
Nov 1 2011 // The United States criticized China on Monday for failing to fulfill World Trade Organization commitments to open its financial services market, while the European Union and Japan pressed for answers on specific areas of...
AIR Worldwide Launches Multiple Peril Crop Insurance Model for China
Oct 31 2011 // Catastrophe risk modeling firm AIR Worldwide announced that it has released the industry’s first Multiple Peril Crop Insurance (MPCI) Model for China. AIR said the “new model provides a fully probabilistic...
War Veteran Turned Banker is China’s New Insurance Regulator
Oct 31 2011 // Xiang Junbo, the man named on Saturday to be China’s insurance regulator, recently led the country’s third-largest lender from near insolvency to a record IPO with assets worth more than India’s national...
Markets Cheer Euro Deal But Questions Remain
Oct 27 2011 // The euro and stocks rallied on Thursday after European leaders struck a deal to provide debt relief for Greece, but analysts warned the plan would fail to halt the euro zone’s two-year-old debt crisis unless crucial...
Aon Benfield Reports Asia Monsoon Economic Losses near $7 Billion
Oct 7 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during...
Sportscover: Providing Coverage for Sports and Leisure around the World
Oct 3 2011 // Sports and leisure activities are one of the most ubiquitous pass times the world over. Whether you participate, or just watch, virtually no one is far away from some form of sporting activity. It’s why sports, as a...
Typhoon Nesat Hits Hainan Island, China Mainland; AIR Analysis
Sep 30 2011 // Catastrophe modeling firm AIR Worldwide’s latest bulletin on Typhoon Nesat notes that it “made landfall as a moderate Category 1 storm on the northeastern corner of the island of Hainan at 2:30 pm local time...
Typhoon Nesat Hits China after Pummeling Hong Kong
Sep 29 2011 // Typhoon Nesat hit Hainan Island in south China on Thursday after it swept past Hong Kong, closing financial markets, schools and most businesses in one of Asia’s largest financial centers. China recalled ships and...
AIR Analyzes Typhoon Nesat’s Impact on Philippines
Sep 28 2011 // According to catastrophe modeling firm AIR Worldwide, “Typhoon Nesat (known locally as ‘Pedring’) made landfall in the eastern Isabela and Aurora provinces on the Pacific coast of the Philippines at 18:21...
Shanghai Subway Trains Collide Injuring More than 270
Sep 27 2011 // Two subway trains collided in Shanghai on Tuesday injuring more than 270 passengers, 20 critically, prompting public anger two months after a crash between two high-speed trains and renewing concerns about China’s...
