Asian shares steady, eyes on U.S. jobs, China trade (Reuters) 3
China trade seen underlining economic rebound intact (Reuters) 4
China Inflation Over 3.5% May Prompt Rate Rise: NDRC Chen (Bloomberg) 5
China Investor Said in Talks for Stake in NYC GM Building (Bloomberg) 6
For App Makers, China Is Untapped and Untamed (The Wall Street Journal) 7
Shell Sees Major Advance in China Shale Output Within Two Years (The Wall Street Journal) 9
China moves to make its markets credible (The Financial Times) 10
China in push to open currency borders (The Financial Times) 11
Eight Questions: Michael Pettis, ‘The Great Rebalancing’ (THE WSJ CHINA REAL TIME REPORT BLOG) 12
Hope Springs Eternal: Electric Vehicles in China (managingthedragon.com) 13
Chinese Business Negotiation Training: Role of Technology and IP in Chinese Business Negotiation (chinesenegotiation.com) 14
German Electronics Retailer Pulls Out Of China (chinatechnews.com) 15
The Coming Android Invasion of China (theatlantic.com) 16
China: rising wages will drive economic change under new leadership (The FT Beyond BRICs Blog) 16
Huawei hit by protests over illegal workers in Indonesia (The FT Beyond BRICs Blog) 17
Sina Weibo Testing New, WeChat-Like Public Platform (techinasia.com) 18
Apart From WeChat, Chinese Developers Are a No-Show in Latest Global App Data (techinasia.com) 19
Alibaba IPO to Bypass Hong Kong and Head to NASDAQ? (techinasia.com) 20
IDC: Smartphone Sales Way Up in China, Now Account for 73.2% of All Mobiles Sold (techinasia.com) 20
China’s Top E-Commerce Site to Launch Product Searches Inside WeChat App (techinasia.com) 21
Government Signals China Might Finally Get a 4G Network This Year (techinasia.com) 21
Chinese Fashion Expo Inks JV Agreement With UBM Asia (chinasourcingnews.com) 22
WeChat Lead Says They’d Monetize the Official Accounts Platform First (technode.com) 22
Suntech Falls 3.3% As Uncertainty Clouds Future Of Former Solar Industry Icon (forbes.com) 23
China village seethes over land grabs as Beijing mulls new laws (Reuters) 23
Exclusive: China wealth fund, Commerce Ministry to get new heads - sources (Reuters) 25
China navy seeks to "wear out" Japanese ships in disputed waters (Reuters) 27
China expresses condolences on Chavez's death (Xinhua) 30
Ex-US consulate guard sentenced to 9 years in prison for trying to sell secrets to China (The Associated Press) 30
China key to enforcing U.N. sanctions on N. Korea (USA TODAY) 31
China’s Wen Warns of Inequality and Vows to Continue Military Buildup (The New York Times) 32
Chinese officials; Spending less? Or hiding it better? (The Economist Analects Blog) 34
Billionaires Big at China’s Annual Political Conclave (THE WSJ CHINA REAL TIME REPORT BLOG) 35
When In China …. China Labor Law Controls (chinalawblog.com) 36
Shanghai Party Bosses Believes License Plates Are Too Expensive (chinacartimes.com) 37
Stories on the edge of the NPC (China Media Project) 38
Can the North Korea Challenge Bring China and the U.S. Together? (theatlantic.com) 39
Washington Court Sets $2 Million Bail For Chinese Student Charged With Vehicular Homicide, So His Mom Writes A Cashier’s Check (beijingcream.com) 41
Unpacking the Propaganda Legacy of China’s Lionized Communist Hero, Lei Feng (tealeafnation.com) 42
Censorship Alert! Academic Study Shows Sina Weibo’s Human Censors Are Pretty Darn Fast (techinasia.com) 43
China faces social, financial risks in urbanization push (Reuters) 44
Chinese Super League switches gear to nurture home-grown talent (AFP) 45
Pollution is one reason Guangzhou people’s lungs are turning black, warns expert (South China Morning Post) 46
Introspection in China Following Murder of Two-Month-Old Infant (THE WSJ CHINA REAL TIME REPORT BLOG) 47
In China, Water You Wouldn’t Dare Swim In, Let Alone Drink (Time World Blog) 48
Lei Feng Movie Debuts in Nanjing, Zero Tickets Sold (chinasmack.com) 49
The Funniest China Map You'll See in Awhile (theatlantic.com) 52
Shanghai vs. Beijing, in One Image (theatlantic.com) 52
How to Win in China: Reflecting on the Life of one of China’s Most Vivacious Expats (tealeafnation.com) 53
Business & Economics Newswire
Asian shares steady, eyes on U.S. jobs, China trade (Reuters)
By Chikako Mogi
TOKYO | Thu Mar 7, 2013
http://www.reuters.com/article/2013/03/08/us-markets-global-idUSBRE88901C20130308
(Reuters) - Overnight gains in U.S. stocks underpinned Asian shares on Friday, but prices were capped ahead of key U.S. jobs and Chinese trade figures due later in the session, while the dollar hovered near a 3-1/2-year high against the yen.
Global equity markets rose on Thursday after another piece of U.S. data indicated a steady improvement in the world's largest economy, raising hopes the government's monthly nonfarm payrolls report will be solid. The U.S. economy is expected to have added 160,000 jobs in February.
Friday's payrolls report is key to gauging the U.S. Federal Reserve's policy course as the Fed will keep its near-zero rate stance until the unemployment rate falls to 6.5 percent, as long as inflation does not threaten to top 2.5 percent.
Ahead of the nonfarm payrolls, Thursday's report showed the number of Americans filing new jobless claims benefits fell unexpectedly last week.
"The U.S. nonfarm payrolls report will be the biggest event risk over the next 24-hours of trading and the data may increase the appeal of the dollar as job growth is expected to pick up in February," said David Song, currency analyst at DailyFX.
The recent string of positive U.S. economic data drove U.S. stocks higher, pushing the Dow Jones industrial average .DJI to an intraday record for a third consecutive session on Thursday and boosting the dollar against the yen to a 3-1/2-year high of 95.100 on Thursday. The dollar was at 94.90 yen early on Friday.
The MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was nearly flat. Australian shares .AXJO pared earlier gains to trade virtually unchanged while New Zealand shares .NZ50 earlier hit a record high.
South Korean stocks .KS11 opened down 0.1 percent.
Japan's Nikkei stock average .N225 opened up 0.8 percent, hitting its highest since September 2008. .T
The yen has come under renewed selling pressure as the dollar is increasingly bought on signs of a strengthening U.S. economy while expectations remain firmly in place for the Bank of Japan to take bold reflationary measures when a new leadership takes over later this month.
The yen fell sharply against the euro on Thursday to a low of 124.57.
After keeping interest rates steady as expected at its meeting on Thursday, European Central Bank President Mario Draghi suggested the bank was not in a hurry to act while noting that any threat of contagion to other euro zone members from Italy's inconclusive election results was muted.
The euro rallied more than 1 percent against the dollar on Thursday after Draghi's comments, and has kept the gains early on Friday, trading at $1.3108.
U.S. Treasuries prices fell for a fourth consecutive session on Thursday, lifting the benchmark U.S. 10-year Treasury yield as high as 1.997 percent.
Investors will be watching trade data from China, the world's second-largest economy and top consumer of many commodities.
"A huge seasonal impact in February should ensure a very misleading headline on China's exports. Risks seem firmly tilted to a clear negative reading on exports which should inflict at least passing damage on AUD, NZD and Asian currencies." said Sean Callow, a senior currency strategist at Westpac.
U.S. crude was down 0.1 percent at $91.45 a barrel. (Additional reporting by Ian Chua in Sydney; Editing by Eric Meijer)
