Midtown Blogger/Manhattan Valley Follies: Wall Street Journal's Take on China

U.S. EDITION

Saturday, February 28, 2015 As of 8:33 PM EST

Latest News

China’s Official Manufacturing PMI Edges Up

An official gauge of China’s manufacturing sector edged up in February but remained in contractionary territory for a second month in a row, official data showed.
Emerging-Market Currencies Tumble

Currencies in some of the world’s biggest emerging markets tumbled Friday, as investors fret over slowing economies and signals that central banks are willing to take extra stimulus measures to juice up growth.
Financial Briefs: News Digest

Icahn Enterprises lost $1.1 billion in its investment portfolio in the period, and more.
Airbus Boosts Output of Popular Plane

Airbus is doubling down on its bet that lower oil prices and global economic uncertainties won’t dent demand for new jetliners, saying it is boosting the output of its most popular plane, the A320.
African Minerals to Abide By Court Order That Bars Bankruptcy Filing

Embattled Sierra Leone iron-ore miner African Minerals said it has received two conflicting orders from its partner Shandong Iron and Steel Group, the first of which could force the company into bankruptcy, and the second which prevents the miner from entering bankruptcy.
Russia Weighs Chinese Investment in Energy Reserves

Russia will consider allowing Chinese investors to take stakes of more than 50% in its strategic oil and gas fields, reversing years of opposition as the Kremlin searches for investment needed to develop its reserves.
Volkswagen Posts Rise in 2014 Profit

Volkswagen reported a 19.6% increase in net profit for 2014, but warned against gathering economic turbulence that could batter the automotive industry in 2015.
Chinese Web Firms Delete Accounts

Chinese Internet companies have deleted tens of thousands of user accounts as the country prepares to enforce new registration rules that will further cement government control over online discourse.
India Says Growth May Hit 8.5%

India’s government said economic growth could accelerate to as much as 8.5% in the coming fiscal year, which could make it the world’s fastest-growing large economy as China’s expansion continues to slow.
Sluggish Sales Hit Hong Kong’s Sun Hung Kai Earnings

Sun Hung Kai Properties, one of Hong Kong’s biggest property developers, reported a 20% decline in its first-half underlying profit as the company booked fewer home sales during the period.
China Plans Capital-Gains Tax for Foreign Investors

Chinese regulators are planning to levy a 10% capital-gains tax on the country’s first foreign investors.
Chinese Internet Giants Go Mobile

China’s Internet giants are getting into the mobile game, developing their own app stores and mobile operating systems as they try to influence how consumers use smartphones.
Japan Stocks Rise on Pension-Fund Buying
Alibaba Affiliate Plans China IPO
Hong Kong Woman Jailed for 6 Years in Maid Abuse Case
Yuan Slumps on Growth Worries
China’s Coal Use Turns Downward
Street Styles From Asia
Panda Hugger Turned Slugger
Financial Briefs: News Digest
Europe Business Groups Want China Banking Security Rules Scrapped
Hutchison Continues Pivot to Europe

News by Country and Region

News from the Wall Street Journal and Dow Jones Newswires

What You Need to Know About China's Rate Cut
For those keeping score at home, this is the third time in four months that China has dramatically changed monetary policy to juice growth. In November it cut interest rates for the first time in two years. Earlier in February it relaxed the amount it requires banks to hold in reserve, which essentially frees up more money to lend out, for the first time since 2012.
U.S. Tech Is Worried That China's Antiterror Law Goes Too Far
China's version of the Patriot Act has U.S. government and tech officials worried about their future in the big new market.
'50 Shades of Grey' Goes Black on Chinese Internet
Chinese Web users hoping to catch the new sexual bondage film “Fifty Shades of Grey” were taking a beating on Friday, after several sites that had planned to stream the film abruptly changed course.
China's Neighbors Bolster Militaries Despite Charm Offensive
China's neighbors are moving forward with the modernization of their militaries with new fighter jets, submarines and other hardware, even as Beijing has tried to tamp down territorial tensions in the region.
Hutongs, Xishuangbanna: A Peek at Prince William's Itinerary in China
After wishing millions of Chinese viewers a happy new year in Mandarin, Prince William, also known as the Duke of Cambridge, is set to tour the Middle Kingdom in person.
Wealth Gap Tops List of Concerns Ahead of China's Political Meetings
Don't Call it Western: China's Top Court Unveils Vision for Reform
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