Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China Author Sues for Defamation Over Ghostwriting Claims
Feb 13 2012 // Celebrity author Han Han has filed a defamation lawsuit in Shanghai against a writer who alleges some of Han’s prolific works were penned by others. Han, a novelist and semiprofessional race-car driver popular among...
China Tightens Rules for Auditors of Listed Firms
Feb 6 2012 // China has tightened the qualifying criteria for firms wanting to audit listed companies, to protect investor interests, according to new regulations published on Monday. The new regulations, made jointly by the finance...
Chubb System Helps Expedite Clinical Trials in China and Brazil
Feb 1 2012 // An online system from Chubb Group of Insurance Cos. can now be used to instantly obtain specimen policy language for trials in many countries where ethics committees require the review of insurance contract terms and...
China’s Premier Says Government Debt ‘Controllable’; Promises Insurance Reforms
Jan 30 2012 // China’s Premier Wen Jiabao said the nation’s government debt is at an “overall safe and controllable” level, that funding for key projects would be ensured and that applying the brakes to the...
China Plans to Turn Shanghai into Global Money Center
Jan 30 2012 // China laid out more specific plans to turn Shanghai into a global financial center by 2020, listing a series of targets for the next three years to make the city a hub for yuan trading. The plan for Shanghai’s...
U.S. Eyes WTO Services Pacts Amid Doha Stall
Jan 25 2012 // The United States is making a push for a group of countries within the World Trade Organization to start talks to liberalize trade in services, even if big developing countries like China, India and Brazil don’t want...
Carlyle Cuts Stake in China Pacific Insurance Group
Jan 20 2012 // U.S. private equity fund Carlyle Group has sold 18 million shares in China Pacific Insurance (Group) Co. Ltd (CPIC), taking its holding below 5 percent, CPIC said in a statement. Based on Thursday’s closing price,...
Deloitte Advice for Insurers in 2012: Focus on New Products, Countries
Jan 18 2012 // Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they might improve their chances for achieving success in 2012 by focusing on new...
Cancer Village Lawsuit Tests China’s Pollution Lawsuit Climate
Jan 17 2012 // Nothing in Wu Wenyong’s rural childhood hinted he would end up on a hospital bed aged 15, battling two kinds of cancer. Born to poor farmers in Xiaoxin, a dusty village of low brick houses in southwestern Yunnan...
Aon Benfield Appoints 2 in Asia Pacific Region
Jan 13 2012 // Aon Benfield announced two new appointments within its Asia Pacific division. Henry To will become non-executive chairman for Greater China. To has been with the firm for 30 years, having served most recently as chief...
Securities Class Actions Steady in 2011; Surge Against Chinese Firms
Jan 3 2012 // The pace of filings of class actions under federal securities and commodity laws held relatively steady in 2011 as compared to the previous three years, according to a new report. But there has been a substantial shift in...
WTO Risks its Future by Keeping Doha Talks Alive
Dec 28 2011 // The 153 members of the World Trade Organization agree on two things: We’re in a hole. And we must keep digging. The hole is the Doha Development Round, a decade-old negotiation that was billed as the next stage of...
Chinese Drywall Settlement Could Reach $1B
Dec 16 2011 // Owners of thousands of U.S. homes tainted with foul-smelling Chinese drywall agreed to a legal settlement on Thursday with a German manufacturer. An attorney for the plaintiffs, Russ Herman, said the settlement reached...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Foreign Insurers Losing Out in China
Dec 16 2011 // Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier. A decade on, it is...
People
Dec 16 2011 // Liberty Mutual consolidated its specialty construction operations and appointed James Conroy senior vice president and chief underwriting officer for construction, Liberty Mutual commercial markets. Previously, Conroy was...
Liberty Mutual’s Guangdong Branch Opens for Business
Dec 15 2011 // The Liberty Mutual Group announced that its provincial branch in Guangzhou, Guangdong Province in China has “commenced operations and issued its first insurance policy on December 2, 2011.” Liberty received the...
Bulk of U.S. Data Theft Linked to Few Chinese Hacker Teams
Dec 13 2011 // As few as 12 different Chinese groups, largely backed or directed by the government there, do the bulk of the China-based cyberattacks stealing critical data from U.S. companies and government agencies, according to U.S....
New U.N. Climate Deal Struck; Critics Say Gains Modest
Dec 12 2011 // Countries from around the globe agreed on Sunday to forge a new deal forcing all the biggest polluters for the first time to limit greenhouse gas emissions, but critics said the plan was too timid to slow global warming. A...
Greenberg Honored for China-U.S. Relations
Dec 7 2011 // The China General Chamber of Commerce – U.S.A. has honored Maurice R. Greenberg for his contributions toward U.S. and China exchanges. The organization’s Win-Win Award was presented to the insurance executive at...
