Latest China news

  • China stocks extend rebound but banks lose steam; Hong Kong up on Wall Street …
    China stocks extend rebound but banks lose steam; Hong Kong up on Wall Street … 17 minutes ago

    China stocks rose on Friday, encouraged by strong gains on Wall Street and signs of fresh support from Beijing after a five-day plunge that panicked global markets. China also announced that local pensions funds will start investing 2 trillion yuan as soon as possible in stocks and other assets. More »

  • Silk Road no stairway to heaven for China's machinery makers 28 minutes ago

    China's pledge to support the Silk Road infrastructure initiative with $40 billion worth of investments may not be enough to revive the struggling heavy machinery industry as it battles over-capacity stemming from legacy investment. Projects under the plan include a network of railways, highways, oil and gas pipelines, power grids, maritime and other infrastructure links across central, west and south Asia to as far as Greece, Russia and Oman. Industry players and analysts said that although the contracts would bring benefits in the long run, they were not a quick fix for the heavy machinery sector's troubles. More »

  • U.S. retailers prod China for lower prices after devaluation 32 minutes ago

    By Nandita Bose CHICAGO (Reuters) - U.S. retailers including Toys R Us are starting to negotiate with their Chinese suppliers to take advantage of lower manufacturing costs after China devalued the yuan, with many saying they want to be ready if currencies in China and other Asian countries drop more against the dollar. Earlier this month, China devalued its tightly controlled currency in an effort to boost growth and help flagging exports. The nearly 2 percent cut on Aug. 11, the most significant downward adjustment to the yuan since 1994, will make imports from China cheaper. More »

  • US group urges China to open insurance, securities markets 34 minutes ago

    BEIJING (AP) — An American business group urged China on Friday to allow more access to its insurance and other service industries, saying foreign skills could help develop its volatile stock markets and cope with disasters like the recent chemical explosion in Tianjin. More »

  • Zhang tops high jump, Eaton in charge of decathlon
    Zhang tops high jump, Eaton in charge of decathlon 34 minutes ago

    By Gene Cherry BEIJING (Reuters) - Home favourite Guowei Zhang sailed into the high jump final at the world athletics championship on Friday with a confident clearance of 2.31 metres, while American Ashton Eaton predictably took charge of the decathlon. Zhang, the world number two, cleared four jumps at the first attempt and then the automatic qualifying height for Sunday's final to finish joint-top with Canadian Derek Drouin on the seventh morning of action in China. The home crowd were already in a buoyant mood after Liu Hong won the women's 20 kilometre walk to pick up China's first gold of the meet before Zhang put in a confident display. More »

  • Taiwan military tells veterans to avoid Beijing's World War Two parade 35 minutes ago

    By Michael Gold and Ben Blanchard TAIPEI/BEIJING (Reuters) - Taiwan's military on Friday urged war veterans to stay away from a victory parade in Beijing next week marking the end of World War Two, saying Nationalist forces led the war, after China announced old soldiers from Taiwan would attend the celebration. China's official narrative downplays the wartime contribution of Nationalist government troops in battling Japanese occupiers. This has upset the government in Taiwan, where the same Nationalist party now governs after its ancestors fled there in 1949, having lost the civil war. More »

  • China says will report pollution information from Tianjin blast site
    China says will report pollution information from Tianjin blast site 38 minutes ago

    China's Environment Ministry has put in place a 24-hour monitoring system for pollutants from explosions this month at a port and will report accurate and timely data to the public, it said on Friday. The blasts at a warehouse storing chemicals in the port city of Tianjin, not far from Beijing, killed at least 145, and stirred public anger about persistently poor work safety standards and possible health risks from the incident. Speaking at a meeting, Environment Minister Chen Jining said environmental monitoring would not let up, with 24-hour checking for air, soil and water pollution. More »

  • Asia markets rally after strong US growth figures
    Asia markets rally after strong US growth figures 1 hour 1 minute ago

    Concerns in the recent stock market panic focused on the fact that in recent years China has been the main driver of global growth, with Europe in the doldrums and the US struggling to maintain a recovery... More »

  • China duo walk tall as hosts claim first gold 1 hour 17 minutes ago

    By Gene Cherry BEIJING (Reuters) - China picked up a first gold medal at their home world athletics championships when Liu Hong led Lu Xiuzhi across the line after the duo blew away the field in the women's 20 kilometre walk on Friday. Both were given a rapturous reception as Liu crossed the line in the iconic Bird's Nest Stadium in a time of one hour 27 minutes and 45 seconds, fractionally ahead of compatriot Lu, with the duo having matched strides throughout the race. The victory was also a first world championship gold for world record-holder Liu, having sandwiched a silver in 2011 between two bronzes in 2009 and 2013. More »

  • Asian markets jump on US GDP revision
    Asian markets jump on US GDP revision 2 hours 19 minutes ago

    Asian shares opened higher on 28 August as a surprisingly strong upward revision of US economic growth eased concerns over China. The US Commerce Department said gross domestic product expanded 3.7% year-on-year in the April to June period, considerably higher than the 2.3% growth reported earlier. Mainland China's Shanghai Composite climbed 1% to 3,115.48 in early trade after closing 5% higher on 27 August. More »

  • Chelsea make offer for China defender Zhang - report
    Chelsea make offer for China defender Zhang - report 2 hours 19 minutes ago

    (Reuters) - Chelsea have made an offer for China and Guangzhou Evergrande defender Zhang Linpeng, Chinese media reported on Friday. The Premier League champions sent a contract on Wednesday and hope to secure the 26-year-old right back before the summer transfer window closes on Sept. 1, Titan said. "I'm very happy and very excited to finally have this formal invitation," the newspaper quoted Zhang as saying. More »

  • Japan inflation stalls and spending slides, keeps policymakers under pressu …
    Japan inflation stalls and spending slides, keeps policymakers under pressu … 2 hours 37 minutes ago

    By Leika Kihara TOKYO (Reuters) - Japan's consumer inflation ground to a halt for the first time in more than two years and household spending unexpectedly fell in July, heightening pressure on policymakers to offer fresh fiscal and monetary support to underpin a fragile recovery. The gloomy data, coupled with soft exports blamed on China's slowdown, reinforces the dominant market view that any rebound in growth from a contraction in April-June will be modest. "You can't stop overseas headwinds with policy measures, so it will be a waste of money," said Taro Saito, senior economist at NLI Research Institute. More »

  • China local pension funds to start investing $313 billion soon 2 hours 38 minutes ago

    China's local pensions funds will start investing 2 trillion yuan ($313.05 billion) as soon as possible in stocks and other assets, Vice Minister of Human Resources and Social Security You Jun said on Friday. China said last weekend that it would allow pension funds to invest in the stock market for the first time, a move that could potentially channel hundreds of billions of yuan into the country's struggling equity market. Up to 30 percent can be invested in stocks, equity funds and balanced funds. More »

  • Asian stocks up for second day on US growth
    Asian stocks up for second day on US growth 2 hours 46 minutes ago

    Concerns in the recent stock market panic focused on the fact that in recent years China has been the main driver of global growth, with Europe in the doldrums and the US struggling to maintain a recovery... More »

  • Asian stocks rise after US data calms investor nerves
    Asian stocks rise after US data calms investor nerves 3 hours ago

    Asian stocks are rising after an upbeat report on the U.S. economy calmed investors' nerves following days of stomach-churning turbulence sparked by a heavy sell-off in China. Japan's benchmark Nikkei ... More »

  • Asia extends global stocks rally as upbeat U.S. GDP soothes sentiment
    Asia extends global stocks rally as upbeat U.S. GDP soothes sentiment 4 hours ago

    By Lisa Twaronite TOKYO (Reuters) - Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment shaken by days of turmoil in Chinese equities. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the second quarter - a reassuring sign amid worries over deepening economic woes in China. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 percent, but was still poised to lose 0.4 percent for the week in which it logged three-year lows as plunging Chinese shares sent financial markets into a tailspin. More »

  • Global stocks climb as US growth offsets China fears
    Global stocks climb as US growth offsets China fears 5 hours ago

    Traders work on the floor of the New York Stock Exchange during the morning of August 27, 2015 More »

  • Rubio says strength is only way to maintain peace with China
    Rubio says strength is only way to maintain peace with China 5 hours ago

    MIAMI (AP) — Republican presidential candidate Marco Rubio says the United States must bolster its military, push for more free trade and hold China far more accountable on human rights. More »

  • Business Highlights 7 hours ago

    ___ US stocks end sharply higher after Chinese market surges Investors were in a buying mood again on Thursday, driving U.S. stocks higher for the second straight day as they took advantage of this month's ... More »

  • US stocks end sharply higher after Chinese market surges
    US stocks end sharply higher after Chinese market surges 8 hours ago

    Investors were in a buying mood again on Thursday, driving U.S. stocks higher for the second straight day as they took advantage of this month's heavy sell-off. The rally came a day after the stock market ... More »

  • How the Dow Jones industrial average fared on Thursday
    How the Dow Jones industrial average fared on Thursday 8 hours ago

    U.S. stocks closed sharply higher on Thursday, extending their recovery from a six-day sell-off that was triggered by concerns about the health of the Chinese economy. Investors were encouraged by the ... More »

  • Markets rebound from China slump, strong U.S. data helps
    Markets rebound from China slump, strong U.S. data helps 9 hours ago

    By Sinead Carew NEW YORK (Reuters) - Stock markets around the world rallied on Thursday, shaking off a slump related to China growth fears, as strong U.S. economic data boosted investor sentiment and crude oil rebounded sharply. All three major U.S. indexes closed up more than 2 percent, putting them higher for the week, following share rebounds in China and Europe. "Can the U.S. economy prove the naysayers wrong? More »

  • China official blames Fed for global market rout, not yuan
    China official blames Fed for global market rout, not yuan 9 hours ago

    By Kevin Yao BEIJING (Reuters) - The global stock market rout of the past week was sparked by concerns over a possible interest rate rise by the U.S. Federal Reserve and not by the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday. Yao Yudong, head of the bank's Research Institute of Finance and Banking, said the U.S. central bank should delay any rate hike to give fragile emerging market economies time to prepare. "China's exchange rate reform had nothing to do with the global stock market volatility, it was mainly due to the upcoming U.S. Federal Reserve monetary policy move," Yao said. More »

  • China raises heat as central bankers head to Jackson Hole
    China raises heat as central bankers head to Jackson Hole 10 hours ago

    The China crisis will be an ominous cloud over the annual gathering of US and foreign central bank officials and experts in Jackson Hole, Wyoming More »

  • US stocks extend recovery after Chinese market surges
    US stocks extend recovery after Chinese market surges 10 hours ago

    U.S. stocks moved higher Thursday afternoon, as investors took advantage of this month's sell-off to add to their holdings. However, the major stock indexes gave up a large part of their early gains with ... More »

  • You can't control much, but you can control investment fees 11 hours ago

    Do the stock market's big swings have you feeling helpless? Although you can't control what happens in Shanghai -- or the fact that troubles in China can drag down stocks here by 10 percent in just over ... More »

  • FTSE Rallies After See-Saw On Global Markets
    FTSE Rallies After See-Saw On Global Markets 11 hours ago

    The FTSE has rallied and closed up 3.6% after a rollercoaster few days for the global markets sparked by jitters over China. Earlier, mainland China's main stock market, The Shanghai Composite, closed more than 5% higher, above the critical 3,000 level, and its highest jump in eight weeks. More »

  • Europe has 'means to resist' impact of China crisis: EU economics commissio …
    Europe has 'means to resist' impact of China crisis: EU economics commissio … 12 hours ago

    EU Economic Affairs Commissioner Pierre Moscovici, pictured on July 29, 2015, said that the "fundamentals of the European recovery and the French recovery are fairly solid" More »

  • Moscovici says Europe's economy robust enough to weather Chinese turmoi … 12 hours ago

    The recovery in Europe is strong enough to weather turmoil on Chinese markets, European Economic and Monetary Affairs Commissioner Pierre Moscovici said on Thursday. "I am not worried, especially as monetary authorities in China and elsewhere have reacted or said they would," Moscovici told France's iTELE. More »

  • Huawei brings online smartphone brand Honor to Europe
    Huawei brings online smartphone brand Honor to Europe 12 hours ago

    Huawei Technologies Co Ltd brought its youth-focused mobile phone brand Honor to Europe on Thursday with the launch of the Honor 7, a handset that has chalked up sales of more than 1.5 million in China since June. Huawei, the world's number three smartphone maker according to Gartner, has invested heavily in the past couple of years to establish Honor as a standalone brand challenging Beijing-based Xiaomi Inc in appealing to digitally savvy consumers. George Zhao, president of Huawei's Honor brand, said the handsets would be mainly promoted and sold online in Europe, as they were in China. More »

  • US stocks rise after Chinese market surges
    US stocks rise after Chinese market surges 12 hours ago

    U.S. stocks climbed Thursday morning as investors took advantage of this week's big sell-off to add to their holdings. The stock market is rebounding from a sharp sell-off earlier that was triggered by ... More »

  • FTSE rallies, U.S. data eases concerns over China
    FTSE rallies, U.S. data eases concerns over China 13 hours ago

    By Alistair Smout and Kit Rees LONDON (Reuters) - The FTSE 100 rose on Thursday, recouping all of its losses from this week's bruising sell-off after strong U.S. data calmed global markets rocked by concerns over Chinese growth. Britain's FTSE 100 closed up 212.83 points, or 3.6 percent, at 6,192.03, shadowing gains made on Wall Street and in Chinese stocks. The U.S. gross domestic product growth number easily beat expectations, but some said a September U.S. rate hike still looked unlikely due to market volatility. More »

  • US stocks gain in midday trading after Chinese market surges
    US stocks gain in midday trading after Chinese market surges 13 hours ago

    U.S. stocks are rising in midday trading after China's main stock index logged its biggest gain in eight weeks. A report also showed that the U.S. economy expanded at a much faster pace than previously ... More »

  • European stocks rise on upbeat US data
    European stocks rise on upbeat US data 13 hours ago

    Earlier in the week global stocks plunged amid fears over a slowdown in China's economy More »

  • Sudan says al-Bashir to visit China; invited to WWII parade 14 hours ago

    UNITED NATIONS (AP) — Sudan says President Omar al-Bashir will soon travel to China. More »