China Stocks rise on growth, reduce the loss of manufacturing weekly

April 29, 2011, 3: 43 pm EDT by Bloomberg News

April 29 (Bloomberg) - increased China, largest shrinkage stocks weekly loss of benchmark since November, as a manufacture of showing simplified extended report concerns measures tightening of policy of the nation have slowed the economy.

Anhui conch Cement Co., China cement producer, rose to 2.1% as the gauge factory suspended above the threshold of the expansion. China Southern Airlines Co. has won more than two weeks as a yuan establish can reduce its debt the dollar-based. Datang International Power Generation Co. has led to a rally for producers of electricity on speculation, the Government may allow them to raise prices. Industrial Bank Co. dragged 3.3% after East Securities Co., said the banks of the net interest margin growth will slow. "" The economy is still strong and I do not see a slowdown in the growth big after all these measures, tightening "said Wang Weijun, a strategist at Zheshang Securities Co. in Shanghai. Shanghai. "The broader market is now very close to his background of assessment so a larger decline is not likely."Of Shanghai Composite index, which follows the largest stock market in China, rose 24.47 or 0.9%, to 2,911.51 at the 3 p.m. to close. He fell to 3.3% this week, the most since five days ended November 12 and lost 0.6% this month. CSI 300 index won 1% 3,192.72. China's markets will be closed on May 2 for a holiday.Shanghai's Composite Index fell 4.8% to a maximum of five months on 18 April in concern that the Government will add to 10 lenders reserve requirements increase and four higher rates of interest to cool inflation. A pared down advance gauge stocks this year at 3.7%.Manufacturing GrowthChina manufacturing suffered its expansion this month even though the Government has raised interest rates and allow that the yuan strengthen at a pace more fast, index of managers purchase showed.The index was 51.8 in April, unchanged since March, said today HSBC Holdings Plc. and Markit Economics. A reading above 50 indicates expansion. The Federation of China logistics and purchase should report, on 1 may, PMI index increased to a maximum of one year of 53.9 in April, according to the median of forecasts in a survey of 20 economists Bloomberg. The measure is an indicator for the economy.Anhui conch, large manufacturer of cement in China, gained 2.1% to 37.78 yuan, stimulation of an advance for industrial enterprises. SAIC Motor Corp., the world's largest automaker, has added 2.7 per cent to 18.22 yuan. Wuhan Iron & Steel Co. rose by 2.7 per cent to 4.62 yuan.A gauge of public service in the CSI 300 companies soared 4.1%, the most among the 10 industry groups. Datang Power, a unit of the largest second electricity producer of China, reached 9.5% 7.01 yuan. Huaneng Power International Inc., the listed unit of the largest group of Chinese advanced power 6.3% to 6.09 yuan.Shortages of power "If the shortage will last more than a year, China may have to approve more projects of coal-fired power plants, but before it, they need to increase the rates more so that independent power producers are willing to spend for additional capital investments" Dave Daisecurities capital markets analyst, said in e-response to questions by mail. "It will still depend on where inflation is going in the coming months."China Southern, the largest carrier by fleet size, reached 4.2% 8.69 yuan. China Eastern Airlines Corp., the second most high, added 2.4% to 6.32 yuan. Air China Ltd., the largest international carrier, gained 1.4 per cent at 11,10 yuan.The yuan appreciated as much as 0.2% to 6.4898 per dollar in Shanghai today, the strongest level since the unified country of the official exchange rate and the market in late 1993, according to the system of exchange of China changes. The Chinese currency has strengthened on speculation that the Central Bank will allow recognition awards to slow consumption, which rose at the fastest pace since 2008 last month.An appreciation of the yuan Yuan GainsEvery 1% will be added 600 million Yuan ($92 million) to pay China Air, according to Rao Xinyu, head of investor relations, while southern China, said March 29 each 1 percent gain in the yuan will boost profit by 400 million yuan.Financial corporations in the CSI 300 gauge slipped 0.5%, the sole decliner among the 10 industry groups. Industrial Bank, owned in part by a unit of HSBC Holdings Plc, have slipped 3.3% to 29,20 yuan, the most since February 22 and trim its gain of 21 percent this year. Bank Huaxia, owned in part by Deutsche Bank AG, collapsed 5.3% to yuan 12.52.Marge of net interest for Industrial Bank past 23 basis points to 2.11% in the first quarter of the previous three months while that for the Huaxia Bank fell to 3 points based 2.47%Mao Junhua and Luo Jing, analysts at China International Capital Corp., wrote in a report today. A basis point is the point of percentage 0. 01. interest margins "net interest margin growth may slow in the second quarter increased by the cost of deposits would undermine returns on loans to the", Jin Lin, a banking analyst at securities from the East to Shanghaisaid by telephone. "Banks are under pressure to attract deposits to meet daily loan-to-deposit ratios."Chinese banks require Records interest rates to lend to one another for six months or more, anticipating the decision makers will raise borrowing costs, and order of the additional funds set aside as reserves to curb inflation.The interbank rate offered to Shanghai or Shibor, yuan loans six months passed 111 basis points this year to 4.67% yesterday, the level the highest since the daily fixing was presented in October 2006.

-Zhang Shidong. With the help of Jiang Jianguo and Winnie Zhu in Shanghai. Publisher: Allen Wan

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China says Won Population war, in turn to aging

April 29, 2011, 4: 26 pm EDT by Bloomberg News

(Adds analyst comment in the sixth paragraph).

April 29 (Bloomberg) - China declared victory on the rapid growth of the population such as the release of its decennial census reported that the focus will turn to the management of the impact of a faster than expected in the number of elderly people.China had 1.34 billion people to 1 November, Beijing - based National Bureau of Statistics, said yesterday. Although still the most populous country, the birth rate higher than the India 1.2 billion people it puts to the title when the South Asian nation holds its next census in 2021.Success by limiting the growth of the population through the policy of the child a three decades-old presents the Chinese leadership with another problem as the swelling ranks of retirees create pressure to strengthen social security and programs pose a risk to the economic growth required to finance. The over-60-s make up 13.3% of the population, 1 percentage point higher than forecast and the other half as much as in India, the United Nations data show yet. "The population of working age is scheduled to begin within the next three or four years, said Jim Walker, Director General of base of Hong Kong Asianomics Ltd. and former Chief Economist at CLSA Asia-Pacific markets. "These 9, 10 percent people are accustomed to rates of growth are not sustainable for very long."Investors should put their money in countries where the prospects for return on equity are highest, such as the India, Indonesia, Thailand, Malaysia, and the Philippines, said.Trends ContinueEconomic growth will slow "as demographic trends continue, stressing the need to rebalance the economy over the next decade to prepare for such a transition," analysts RBC Capital, including Hong Kong Brian Jackson-based marketswrote in a report released today. Growth likely slowed to 8-10% over the next 5 to 10 years, average 11.2% over the past five years, they said, citing Government officials.India exceed China economy to the faster growth in 2013 it adds six times more workers to its pool of hand work, Morgan Stanley said in a report last year. Persons aged 14 and less make up 16.6% of the population of China, a decline of 6.3 percentage points since the 2000 census. Almost one in three Indians are in this group, Bloomberg data show.China risks with support retirees to levels of per capita wealth which are only a fraction of the ageing of developed countries and needs a better system of pension to avoid what Goldman Sachs Group Inc., said the more danger in older "before becoming rich."Tax pressure "the ageing of the population is set to add the tax pressure on the Government, in the medium and long term which makes it imperative to put in place a well-functioning pension and health care system as soon as possible""," said Chang Jian, an economist Hong Kong-base of Barclays Capital, who has previously worked at the World Bank and the Monetary Authority.With of Hong Kong, more than 3 billion in currency reserves, the Government "a deep pockets now" and should be able to manage the ageing of the country as the rate of economic growth remain élevésChang said.China slowdown in growth of the population is a product of its system of family planning and the control policy of city dwellers to one child per woman, Ma Jiantang, head of the National Bureau of statistics, told journalists in Beijing yesterday. "The annual population growth was 0.57% between 2000 and 2010, the half of a percentage point less than the annual growth of 1.07% between 1990 and 2000, according to census figures."Our national policy of family planning database has been well developed too fast population growth dynamics and implementation is indeed under control, Ma said. However, the proportion of people over 60 years was 2.9 percentage more than 2000 points, and this trend is "gradually accelerates," according to the bureau of statistics.UBS, BlackrockThe hundreds of millions of workers China trillion will need in retirement can be a boon for global lenders and asset managers.UBS AG, Blackrock Inc. and State Street Corp. help the China to invest social security National Fund assets abroad, according to the Monetary Fund International. Pension fund national 856.8 billion yuan ($131.8 billion) of China might increase its global investment and has 18 billion yuan invested private equity funds, Wang Zhongmin, vice President of the National Council of social securitysaid March slows the growth of the population of the 30. like China, it becomes also more urban. City dwellers grow 665.6 million last year, more than twice the population of China to the United States is close with the most people in the cities than in villages for the first time in its history. The urban population represents 49.7% of the total, 13.5 percentage points higher than ten years, the NBS said.Contradictions, child policy a ChallengesThe, which resulted in millions of female fetuses aborted, led the men that make up 51.3% of the population, with 34 million more men than women. Most countries have more women than men, including the United States, where 50.3% of the population was a woman in 2010, according to U.S. Census data.Census figures show that "we still face some contradictions and challenges in population, economic and social development," including an aging population and a "report of imbalance between the sexes", said Ma.Chine is possibly move to a policy of two childrenthe China Business News reported yesterday, citing a person not identified close to decision makers. Farmers and national minorities can often have a child, and rich people can pay fines for a second or third child.Investors have overlooked the implications of the changes in the profile of the Chinese population "because of the extreme emphasis on growth" said Kirby Daley, Senior Strategist with brokerage first the Newedge group company based in Hong Kong. "Population issues can avoid at this stage." They are not reversible. ?

-With the help of Daniel Ten Kate in Bangkok and Michael Forsythe in Beijing. Editors: Ben Richardson, Mark Williams

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China Stocks fall as rising oil prices fuel Inflation concern

April 25, 2011 3: 33 pm EDT by Bloomberg News

April 25 (Bloomberg) - fell of stocks of China, driving the benchmark index to the lowest level of the month, as high oil prices boosted inflation concerns will speed up and stimulate policy more tightening measures.

Baoshan Iron & Steel Co. led declines steel makers as oil is passed to the highest in two weeks. Anhui conch Cement Co., manufacturer of cement and Sany industry heavy Co., the largest manufacturer of machines for the manipulation of concrete, remote at least 2.8 percent on concerns of higher fuel prices may slow economic growth. "A gauge of slipped more than two months after property stocks a researcher of the State said that a tax is needed to reverse the imbalances in the distribution of the wealth of China".Inflation is still the major concern and there is no sign that the Government will relax its tightening, said Wu Kan, a Fund Manager at the Dazhong insurance company, who oversees the $ 285 million. "The tightening retains the assessments of stocks."Of Shanghai Composite index, which follows the largest stock market in China, dropped 45.57 points, or about 1.5%, to 2,964.95 in 15 hours, the lowest since March 31. She declined to 1.3% last week, more than three months. CSI 300 index fell by 1.5% to 3,249.57. Global financial markets, including those in Europe and the United States were closed for a holiday on April 22. Hong Kong is now closed.Shanghai's Composite Index climbed 5.6% this year on speculation that the Government to cool inflation without triggering a slowdown in economic growth. The Central Bank raised the ratio of the requirement to reserve 10 times since the beginning of 2010 and four times increased interest rates to cool inflation as consumer prices rose at the fastest pace since 2008 OutlookBaoshan March.Inflation steelthe listed unit of second largest steel producer in China, fell by 2.7% 7.12 Yuan. Hebei iron & Steel Co., the listed unit of the largest producer of steel of the nation, collapsed 7.5 per cent of 4.71 yuan. Anhui conch dropped to 2.8 per cent to 38.88 yuan, trimming its 31 percent gain this year. SANY heavy slid 4.1% to 18.52 yuan.Consumer prices could climb between 5.2% and 5.5% in April, according to China International Capital Corp. Non-food prices can earn between 0.2% and 0.4% from the previous month while food a decline in prices, analysts led by Peng Wensheng wrote in a report dated from yesterday. The year of the Government inflation target is 4 per cent.Future gross earned for a fourth day after that Syrian security detained at least 200 people following the assassination of demonstrators hostile to the Government forces and US Senator John McCain said rebel in Libya need help in the fight against the forces of Muammar al-Gaddafi. Saudi Arabia, the holder of the world largest crude reserves, has no intention to increase production capacity, an oil official said.PricesThe Oil contract for June delivery rose to 78 cents, or 0.7%, $113.07 US per barrel in New York today. Future advanced 84 cents to $112.29 per barrel, April 21, the colony high since April 8. In the last year, prices have increased by 34%. The market was arrested April 22 for a holiday.Shanghai container-truck drivers were reported to have won cuts in port charges after a sometimes violent protest against the rising costs highlighted the risk of inflation that disorders of the most populous nation of the world.The local Government will be reduce or remove certain costs after that drivers stopped work April 20 through withdrawal and the increase in fuel costs, Xinhua News Agency reported, quoting an unidentified spokesman. The ports of the city are operating normally, said the report.A gauge of property of the Composite of Shanghai index stocks slid 2.2 per cent, the most since February 22. Poly Real Estate Group Co., second developer of China by the market value has dropped from 2 percent to QL yuan. Gemdale Corp. has lost 0.3 for % to 6.62 yuan.Nation property TaxThe needs including real estate, capital gains, bequests and donations, Zhang Monan, researcher at the Information Centre of the State to improve its system of Declaration of property and to levy taxes on personal assets,wrote a commentary published in the daily newspaper of today's China. Information Center of the State is a body of research under the National development and Commission.China reform imposes a tax of property in Shanghai, and Chongqing in January to curb rising real estate prices.Henan Shuanghui Investment & Development Co., enumerated more China meat processer, collapsed 7% to 58.52 yuan, the lowest since November 29. The company and its parent refund 112 tonnes of meat products, representing 4% of sales from March 24 to April 20 Shuanghui said in a statement.April 18, confirmed a report from that affiliate China Central television bought pigs fed with prohibited additive which induces the growth of lean meat.Measurement of StaplesA from consumers to producers-consumers added 0.6%, most among the 10 groups in the CSI 300 industry staple. Kweichow Moutai Co., the largest producer of alcoholic beverages baijiu by market value, rose 3.9% to 183.06 yuan. First quarter net income rose 49 percent from the same period a year earlier to 1.88 billion yuan (288.6 million), the company said in a statement over the weekend. Profit beat the average of 1.81 billion yuan of estimates of three analysts compiled by Bloomberg.Wuliangye Yibin Co., second-large manufacturer of China white alcohol by the value of market, acquired by 1.2% to 32.32 yuan. Luzhou Laojiao Co., a producer of spirits in southwestern Sichuan province, added 4.2% to 46.91 yuan.Chinese wage increase will strengthen domestic consumption, travel and hotel stocks attractive investments, according to Hugh Simon, Chief Executive Officer of Hamon investment required efforts of the Government of China to double over the next five years wages will stimulate spendingsays Simon, whom Dreyfus Greater China Fund beat 90 per cent of the rival funds over the past five years, according to data compiled by Bloomberg.Wage of inflation "is not a bad thing when you move your economy far you and export-based economy gives many opportunities for investor" Simon said in an interview with Bloomberg Television today. The Fund Manager based in Hong Kong said it "also seeks to" airlines and information technology service companies.

-Zhang Shidong. Publisher: Allen Wan

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Data in China give some investors an edge

Illustration by Maayan Pearl. Tap: Getty Images

By the staff of Bloomberg Businessweek

April 14, Hong Kong broadcaster Phoenix satellite television posted on the rate of inflation of China of its website March, industrial production and the other eight indicators key economic, citing an unidentified source. When official figures are released in the afternoon and the next day, 9 of 10 digits displayed by Phoenix has proved to be correct. Similar Chinese economic data leaks have frequently circulated in recent months. "The more often we see the markets move strangely before the release of statistics," says Yan Yiming, a lawyer of Shanghai-based securities.

The Chinese authorities suspect that leaks come from officials of various departments and agencies who benefit from rapid access to data. Now, the National Bureau of statistics of China calls for a wave of repression. "Them spread on the Internet State secrets or other public information networks should be held accountable," Sheng Laiyun Office spokesman told journalists in Beijing on April 15.

To help plug the leaks, the agency recently limited the number of people with access to the data. The bureau said it has shortened the time lag between the finalization and release of the price index to 48 hours to 72 hours, and Sheng, said that the Office may further reduce the lag on the publication of that and other statistical data. The Agency seeks to "improve and standardize the process of release of information to make the system fairer, more open and fairer", Sheng said at the briefing.

The benefit obtained by investors who get a jump on statistics can be considerable, especially as China's markets are growing in importance. Prior to release of official data of last June, Reuters reported figures for prices for consumption, exports and new loans exceeded analyst forecasts. The report, quoting an official not identified at an Investor Conference, stimulated the largest gain in index Composite of Shanghai in two weeks and triggered a rally in stock in Europe and the US figures released later by the Government matched or were close to the figures cited in the news report. "Those who have access at the beginning can earn money," said Lu Ting, an economist based in Hong Kong at the Bank of America Merrill Lynch (LAC). Leaks are "an extremely important point."

China's market watchdog does not investigate price movements related to a leak of economic indicators, according to a senior official with the China Securities Regulatory Commission refused to be identified. Insider-rules only apply to persons receiving company-specific information, he said. A rule of implementation by the Government last year, however, made any unauthorized release of economic data punishable of a warning, demotion or firing. The Statistical Office would not say if someone was punished under the measure.

Economic data must be shared in advance with at least 10 departments "to listen to their views and to allow everyone to be prepared," said he Keng, former Director of the National Bureau of statistics and now a member of its Committee of consultants. They include the Ministry of trade. National development and reform of the top economic planner of China Commission; and the people's Bank of China, said. These organizations did not respond to questions by fax. "The bureau of statistics has problems with other departments," said he. "How are we able to control."

Other countries are also faced with leaks of economic statistics. The German Agency of labour last year reduced the number of people involved in the compilation of the unemployment figures to stop the data appearing regularly in the press in advance the official publication. In 2008, Office Britain for National Statistics began to disclose certain official data for some officials only 24 hours before publication, down 40.5 hours earlier. In the United States, voluntary disclosure of protection of data, including economic statistics, is a crime punishable by as much as five years in prison and a fine of $250,000. Then that some traders suspect leakage having occurred, representatives of the United States trade and labour ministries could not recall any incident in recent years.

Shi Yu, Manager of investment for Chinese property developer Nanjing 21st century Investment Group, research of rumours in the days before the publication of economic statistics. In February, Shi read on a forum of cat Internet that inflation in January in China would be a less than 4.9% forecast, a prediction that proved be correct. The following trading day, the benchmark index that index Composite in Shanghai increased 2.5%, the most in two months, help Shi to achieve a percentage of 2 win when he sold shares of mining and metals companies. "In China, it is better to be prepared to be surprised," said Shi. "There is a window of speculation".

The release of April marked the fifth time in six months a specific number price index was reported in the media before its official publication. This figure has become one of the numbers most wanted because of the battle of China to curb inflation, which rose to a maximum of 32 months of 5.4% in March. Higher inflation means that China is more likely to increase interest rates to try to curb economic growth. "People tend to get a little nervous about the interest rates in China," said Sean Callow, a strategist at Westpac Banking in Sydney currency.

The bottom line: After the displacement of economic data on markets, Statistical Office of China reduced the number of people having access in the early figures.

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Mori Building sells five stories high property of China

10: 12 Am EDT by Bloomberg News, April 20, 2011

April 21 (Bloomberg) - Mori Building Co., owner of the highest building of China, said it sold five floors of the property and can offer more in the Tower the request of investors.

Japan largest private developer said that it sold the 68 to the 72-storey of the history of 101 Shanghai World Financial Center. Space (174, 828 - square feet) of 16, 248-square-meter was sold at an average price of 82,142 yuan ($12,588) per square metre, according to the information managed by the Government of Shanghai Real Estate Trading Center, following the real estate transaction.Mori value per square metre is highest for the offices of China, after the Shanghai Port International Cruise Terminal record prices in the second half of last year according to Cushman & Wakefield Inc.. "The said property rents from the city main office brokerage roses 23 percent in the first quarter, while the Colliers International Research said this week Shanghai 37.5 million square feet of Office under construction at the end of 2010 has space summer the most among the 50 cities around the world".We have been very stubborn are not for sale, but we found that some customers who wanted to buy the upper floors, "Michiho Kishi, spokesman for Mori unit that manages the building, said in an interview yesterday, refusing to comment on the price." "We are facing financial difficulties, but it may be preferable to collect some cash that we prepare for future business."Mori is always was approached by many buyers more space, the building he said. The property is 90% filled, leaving the company with "step so" floors to sell, said Kishi.Difficile to control "is unusual for a historic change of hands in part, but not in bulk, because it will be difficult to control the quality of small owners."said Jack Ye, Director of investments for Cushman & Wakefield in China. "If they are intended to cash, they could choose to sell the shares of the building."Buyers may not sell or rent space without the approval of the Mori for seven years, said Kishi, who refused to identify the buyers. Tomson Group Ltd. of Taiwan announced the purchase of the floor 72th earlier this year, he is optimistic with regard to the "consequential potential for high range office space demand."Shanghai World Financial Center, completed in 2008, is located in the Lujiazui Finance city and free trade Zone. Tenants include bank BNP Paribas Group and Wells Fargo & Co. and accounting firm Ernst & Young LLP.Mori collected the less than 1.3 billion yuan, in the space that it sold, based on calculations using the data from the Centre of Shanghai Real Estate Trading. The company may use the capital to expand in China and other markets, including South Korea and Taiwan, said Kishi.Investissement of China in the real estate sector has increased 34% to 885 billion yuan in the first quarterthe Government said last week. Seven transactions took place in Shanghai in first quarter, totaling 4.6 billion yuan excluding land, with 50.4% of Chinese investors, Taiwan and Hong Kong, according to a report of Cushman.

-Bonnie Cao. Editors: Linus Chua, Malcolm Scott

To communicate with the staff of Bloomberg News for this story: Bonnie Cao in Shanghai at the bcao4@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at the apapuc1@bloomberg.net

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Disney Gets a Second Chance in China

By Ronald Grover, Stephanie Wong and Wendy Leung

There are signs fail that the inauguration April 8 to the Shanghai Disney Resort from $ 4.4 billion was not aimed at the typical Orlando holidaymaker. Shanghai schoolchildren sang When You Wish Upon a Star - in Mandarin. Mickey Mouse was plated not in his misfiring signature, but in traditional costume of Chinese Red to symbolize good fortune. Everything which has been adapted to the tastes of the nation the most populated of the world.

Walt Disney (DIS) has good reason to sweat the details to his first on the continent theme park. Opening Hong Kong Disneyland in 2005, he underestimated will appear how many visitors and how long they would dwell. The result: too little rides, inadequate seating and food provides restaurants and angry crowds who were to be repressed. Although Park Disney belonging to Hong Kong by 47% is expanding, it loses yet 92.3 million for the year ended last October, while attendance has increased by 13%. "We learned a lot from Hong Kong," says Disney Director General Robert a. Iger. "In Shanghai, we are in route a three hour of 300 million people." This is a huge opportunity, and we must pay attention to how come and their attendance patterns. ?

For Disney studios, who will hold a 43 per cent in the station of 963-acre (three companies belonging to the State own the rest), Shanghai is a bet of $ 1.9 billion on a growing Chinese middle class who will pass the projects of the company 200 billion per year recreation of travel by 2015. It is also a bet that Disney characters and 55 year history of the race theme parks can be adapted to a culture may not fully understand. Disney "has too much riding on China to leave Hong Kong or Shanghai fail", explains John Gerner, Director General of recreation business advisors, which evaluated the possibility for theme parks in China for Village Roadshow, a theater operator and Australian Park. "Hong Kong was an experiment to see if a smaller Park would work, and he is not." Now they are fixing it. ?

Disneyland in Shanghai will almost 85 acres, approximately 50% larger than Hong Kong Park opening, said an Executive. There will be traditional Disney rides and others based on Chinese culture, said Iger. The company is adding Chinese nationals in his "imagineering" team to help develop the Park. A staple that will change: Main Street USA, the turn-of-the-century collection of shop Windows and streets cars pulled by horses that greet visitors to most of the Disney parks. Iger, explains: "we believe simply that Main Street USA is perhaps not that interesting to the people here."

Disney is not likely to repeat the cultural missteps, had its opening of Disneyland Resort Paris in 1992, where sales of food products suffered because the Park did not initially use wine with meals. In Hong Kong, Disney has reduced the number of dogs in its restaurants serving more dim sum and noodle dishes, says Executive of Disney, and it is likely to be full of terroir in Shanghai. "Disney attention much more now to cultural differences," said analyst Evercore Partners (EVR) Alan Gould. A single motivation: The Shanghai Park will generate $ 70 million in management fees for Disney in its first year and $ 200 million in a decade, estimates of Gould.

The bottom line: Disney, which already provides its television programs, to 260 million viewers in China each week betting on continental theme parks.

Grover covers industry media and entertainment for Bloomberg Businessweek in Los Angeles. Wong is a reporter for Bloomberg News. Leung is a journalist for Bloomberg News.

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How eBay has found a way to Secret in China

Illustration by Topos Graphics

By Bruce Einhorn

There has always been a certain way to executives to cringe from eBay (EBAY) of online market: ask them on China. In 2003, eBay has paid $ 150 million to acquire eachnet, e-commerce site top time as China. Director General Meg Whitman has invested $ 100 million more in the operation, but a combination of management errors - do not give enough power for managers of, for example - and a tough competition from local rival Alibaba group paralysed the company. In 2006, eBay has abandoned and withdrawn eBay EachNet joint-venture with Tom Online. Alibaba group, which unlike eBay does charge commissions, never lost his head. "It is very difficult to compete with free," says Jay Lee, eBay senior Vice President and General Manager for Asia Pacific.

While eBay seeks to challenge Alibaba group anymore, it is not a Plan B for China: connecting exporters and Chinese entrepreneurs eBay consumers elsewhere. The strategy is centred on such vendors as Fengyan Tang, 35, who goes by the English name of Maggie. Four years ago, Tang decided to start his own business dress. She found an ideal way to sell his $50 cocktail to eBay and rockabilly swing dresses and made sales of $700,000 last year. Although eBay since a minimal presence in China, is not the Tang spirit, she continues worldwide customers. To reach them, the most logical eBay. "This is the most famous," she said.

Exporters such as Tang, eBay has a company of China again. Transactions of China and Hong Kong on eBay and its PayPal unit amounted to $ 4 billion in 2010, making China market fifth of the company behind the United States, Germany, Great Britain and Korea from the South. "We learned many things," said Lee. "China is very important, but we need a different way to approach the market."

To achieve this, eBay sought segments of the Chinese market e-commerce not dominated by the pattern of the Alibaba group, Jack Ma and the Alibaba group. Alibaba group is dominant in China, but have little consumers to reach out of the country. Aliexpress, a website connecting small and medium-sized enterprises of importers and exporters in the world, do much for consumers. EBay saw an opening and has today 150 officers of catering to Chinese vendors. Last year, he launched a service with China Post and the Postal Service of United States, to provide a means for foreign buyers track their purchases of China and allow vendors on the continent to offer free shipping. The model of cross - border "is an opportunity that plays to our strength, which is the export business, explains Lee." "" We connect buyers and sellers - that is what we do. ?

EBay is one of the many foreign net companies face a challenge from China. Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Amazon.com (AMZN), Myspace (NWS) and the AOL (AOL) stumbled, partly because Chinese officials are determined to censor Internet and are wary of the role that foreigners might play in the politically sensitive environment. (The censors have banned YouTube and Twitter, for example, creating local opportunities for copiers) Slow US companies did not also adapted to the needs of the rapidly changing Chinese market, said Mark Natkin, Managing Director of Marbridge Consulting Beijing. Companies foreign "are a distinct disadvantage," said. "It y number of case studies on which draw, and yet, there is a certain almost-hubris" by foreigners.

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Foreign direct investment in China amounted to $ 12.5 billion

April 18, 2011, 9: 56 pm EDT by Bloomberg News

(Updates with comment from the the Economist fourth paragraph).

April 19 (Bloomberg) - foreign direct investment added $ 12.5 billion to China's economy in March, swelling of capital inflows that may encourage the Central Bank to keep ratcheting of the requirements of the reserve of the lenders.Investment increased by 33% from a year earlier, the Ministry of Commerce said in a statement in Beijing today. That compares to a gain of 29 percent in the first quarter as a whole.Chinese officials are intended to prevent excess cash in the financial system of fueling inflation which has accelerated the fastest rate in nearly three years in March. Liquidity remains "excessive", Governor Zhou Xiaochuan said in Beijing yesterday evening, a day after the Central Bank announced the fourth increase lenders reserve ratios this year. "China is still not done tightening,"Said Qu Hongbin, Chief Economist of HSBC Holdings Plc in Hong Kong China, before the release of today." "Inflation is likely to accelerate even before the beginning of a time to recharge," he said, predicting increases in the rate of reserve half percentage point from months and reference interest rate quarter-point boost.The latest increase in reserve ratios takes effect April 21, pushing the requirement of a percentage of 20.5 record for the largest lenders. Inflation accelerated to a 5.4% annual pace in March.China should allow its currency strengthen the dollar to keep a lid on consumer prices, the Chinese Central Bank former Advisor Yu Yongding said this month. $ 3 trillion ReservesThe important economy experiencing the most rapid growth is attracting money from investors betting on the strength of its expansion and earnings prospects in the Yuan. China's exchange reserves jumped to a world record 3 billion dollars in March, a level that exceeds the needs of the nation, Zhou said after a speech at Tsinghua University in Beijing yesterday evening.Foreign companies including Wal-Mart Stores Inc. are increasing their presence in China. If the Wal-Mart company can buy more land to build shops in the Asian nation, which it predicts is the largest market of groceries in the world by 2014, said on March 31.

Dingmin - Zhang, Sung Chinmei. With the help of Jay Wang. Editors: Paul Panckhurst, Stephanie Phang.

To contact the reporter on this story: Chinmei sung in Taipei to csung4@bloomberg.net.

To contact the editor responsible for this story: Paul Panckhurst in Hong Kong to the ppanckhurst@bloomberg.net

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China always interested to invest in Spain-source - Reuters

* Wealth China funds nie examines the investment of $9 bln

* Source in Madrid, said report was "communication error".

* Bank of the reports of the Spain on banks for financing plans Thursday

* Bank of Spain lower ECB debt in 3 years

(A recast, adds comment, details)

By Paul Day

(MADRID, April 14, Reuters) - China is interested in investing in the banks of the Spain savings, a Spanish source insisted on Thursday, brushing off a denial of Beijing News expected on how markets sick lenders plan to plug financing gaps.

All beginning, China Investment Corp., sovereign investment fund of the country, said Thursday that he did not contemplate an investment of $ 9 billion, after an another Spanish source said China may inject a total of $ 13 billion in the sector of the difficulty. [ID: nL3E7FE0CP]

"It was a communication error." There is a willingness to invest in the credit unions of the Spanish debt... but clearly, we cannot give specific amounts or name particular fund, the second source - as the first, the Government - said.

"Reports are without foundation and do not conform to the truth," an officer CIC, speaking on condition of anonymity, told Reuters earlier in Beijing.

The Spain is under intense scrutiny by the international debt markets concerned fourth largest economy in the euro area will follow the Greece, the Ireland and Portugal in seeking a bailout supported by the European Union and the IMF.

Demand of investors premium hold that Spanish on German debt has fallen since the Portugal announced that he would need to ask for help, although rose again to about 190 basis points Thursday, up to about 9 basis points on the day.

A trader said that the increase is due to a recent rebound of the outperformance and not a sign more in addition to risk of contagion among peripheral economies. [ID: nLDE73D0IB]

It is unclear what terms could make a considerable investment risk in Spanish banks attractive in China. CIC has invested prudently in foreign financial markets in the past two years, partly to avoid any criticism is wasted reserves.

But an economist, said that the refusal of CIC was more likely to reflect a diplomatic gaffe that an overhaul of the policy.

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China holds the worshippers to pray in Public - New York Times

BEIJING--The police arrested more than 100 members of an underground Protestant Church Sunday after the Congregation tried to pray in a public square in the North of the capital.

The raid on the Church, which sought to pray outside after he was expelled from its building under pressure from the Government, was part of a broad crackdown on dissent in the past seven weeks. The campaign led to the imprisonment of scores of lawyers, writers and rights activists, and the repression of unauthorized worship.

Authorities also have a less obvious threats, cancellation of events also various the Saint Patrick's day parades and debate this weekend collegiate tournament.

The Protestant Church, Shouwang, was expelled last week from space that he rented after the landlord do step to renew pressure on the Government lease. The Congregation, whose 1,000 members are one of the largest churches not registered in China, sought legal recognition since 2006.

According to members of the Church, the pastor, the Reverend Jin Tianming, the leaders of the Church and scores of other parishioners were blocked by police to leave their homes Sunday. Others were seized as they emerged from the Metro station Zhongguangcun Plaza, a popular shopping area where the services were to take place.

By 8 o'clock in the morning, hundreds of police officers, two police officers in uniform and dress, invading the region. They interviewed the bystanders and grouping members of the Church on the bus.

At one point given, a group of police kicked and beat a group of four young people. As one of the buses is identified, the Congregation withdrew a prayer sheet and begins to sing.

A man who answered the phone at the Haidian police station, several blocks from the site of the planned service of prayer, declined to answer questions about the detentions. Those detained Sunday were brought to a nearby primary school, where they were briefly questioned and photographed. most have been released later in the day. Among those detained was a photographer from the New York Times, which came out later.

After years of tolerance by the religious authorities churches not registered, called House Churches, have faced pressure to dissolve or to accede to the system of State-controlled congregations. First of all, the Government is out of his rented 2008 Shouwang. In 2009, the church paid 4.1 million for a floor, in an office building but the owner, under pressure from the authorities, has refused to hand over the keys. Until last week, the Church had gathered in a restaurant.

The Church has not hidden its plans to gather outside, announcing the service on the Internet. In his last sermon last week, Mr. Jin warned his flock that they would probably meet resistance. "At this time, the challenges are enormous," he said. "For all that we met, we offer our thanks to God." "Compared to what you face on the cross, that we face today is really negligible."

Cancelled debate tournament was to have drawn students from 16 universities at the Institute of technology in Beijing, where they were to have ropin' on the theme of the Chinese revolution of 1911. The revolution against the Qing dynasty, a reputation that helped cement Sun Yatsen as the founding father of modern China, may not seem controversial at first glance.

But organizers can courted disorder by urging students to recognize, as the site Web of the tournament, only "" victory revolutionary source of inspiration, but what is hidden more deep below: the awakening of the consciousness of the people of the country and to the dissemination of the system of democracy. ""

Web site also encourages students to "think more deep of nationalism, democracy and livelihood, to continue to open new trails in a pioneering spirit, will keep fighting for the renovation and development of the nation".

Zhang Ming, a judge for the competition and a Professor of political science at the Renmin University in Beijing, said the municipal Committee of the Communist Youth League ordered the organizers to cancel the event Friday night, a day before the opening debate.

"Everyone was very disappointed", Mr Zhang said in a telephone interview Sunday. "It's really hate for them to do so." Organizers said they were trying to negotiate with the Committee, but they could not interfere with the decision. ?

Xiyun Yang and Mia Li contribute research.

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