Latest China news

  • Nothing Heard From Nepali Villages For Days
    Nothing Heard From Nepali Villages For Days 3 hours ago

    Dozens of isolated villages where hundreds of people have died in Nepal's deadly earthquake have been cut off with no hope of government help. :: Nepal's death toll rose to 4,010, with another 61 known to have died in India and 25 in Tibet. :: Planes have been struggling to land at Kathmandu airport where the runway does not have enough parking space for all the aircraft. :: The first British relief team has arrived in Nepal and has begun search and rescue operations in stricken Himalayan state. More »

  • Seaspan beats Street 1Q forecasts 3 hours ago

    On a per-share basis, the Hong Kong-based company said it had profit of 8 cents. Earnings, adjusted for non-recurring costs, were 25 cents per share. The results exceeded Wall Street expectations. The ... More »

  • Apple CEO says hard to gauge smartwatch demand
    Apple CEO says hard to gauge smartwatch demand 4 hours ago

    SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook said on Monday demand continued to outstrip supply for the new Apple Watch, released earlier this month. "From a demand point of view, it's hard to gauge when you don't have product in stores," said Cook. He said the iPhone "led the way" in its massive increase in China sales. (Reporting by Bill Rigby; Editing by Bernard Orr) More »

  • In US-Japan talks, China's leader a factor
    In US-Japan talks, China's leader a factor 4 hours ago

    WASHINGTON (AP) — When President Barack Obama and Japanese Prime Minister Shinzo Abe meet on Tuesday, a major subtext of their discussions will be the world leader not in the room — Chinese President Xi Jinping. More »

  • Apple profit soars on iPhone, China sales
    Apple profit soars on iPhone, China sales 4 hours ago

    Apple said Monday its first-quarter profit jumped 33 percent from a year ago, lifted by sales of 61 million iPhones in the first three months of the year More »

  • U.S., Japan unveil new defence guidelines for global Japanese role
    U.S., Japan unveil new defence guidelines for global Japanese role 4 hours ago

    By Arshad Mohammed NEW YORK (Reuters) - Japan and the United States unveiled new guidelines for defence cooperation on Monday, reflecting Japan's willingness to take on a more robust international role at a time of growing Chinese power and rising concerns about nuclear-armed North Korea. Washington told Japanese leaders its commitment to Japan's security remained "iron-clad" and covered all territories under Tokyo's administration, including tiny East China Sea islets that Japan disputes with Beijing. A centrepiece of Japanese Prime Minster Shinzo Abe's U.S. visit this week for talks with President Barack Obama, the guidelines are part of Abe's wider signal that Japan is ready to take more responsibility for its security as China modernizes its military and flexes its muscles in Asia. More »

  • Barack Obama state china sports Hawaii blue
    Barack Obama state china sports Hawaii blue 4 hours ago

    WASHINGTON (AP) — The official state china of President Barack Obama's administration is a modern-inspired service trimmed in a blue that recalls the waters of his native state of Hawaii, and Japanese Prime Minister Shinzo Abe will be among the first guests to eat from it at a state dinner Tuesday in his honor. More »

  • In historic sea-change, US, Japan revise defense ties
    In historic sea-change, US, Japan revise defense ties 5 hours ago

    The United States and Japan unveiled new rules for defense cooperation Monday in a historic move that will give Japanese forces a wider global role amid concerns over China's rising sway. More »

  • In US-Japan talks, China is the elephant in the room
    In US-Japan talks, China is the elephant in the room 5 hours ago

    WASHINGTON (AP) — When President Barack Obama and Japanese Prime Minister Shinzo Abe meet on Tuesday, a major subtext of their discussions will be the world leader not in the room — Chinese President Xi Jinping. More »

  • Trump to face Ding as Robertson wins through to quarters
    Trump to face Ding as Robertson wins through to quarters 5 hours ago

    Judd Trump will play China's Ding Junhui in the quarter-finals of the World Championship after defeating Hong Kong's Marco Fu, the other remaining hope of a first Asian world champion at this year's tournament, on Monday. More »

  • Feds: Witness in 'maternity tourism' case freed on bond 7 hours ago

    LOS ANGELES (AP) — A woman from China has been released on bond after being arrested on suspicion of trying to leave the U.S. while she is a witness in a so-called "maternity tourism" case, federal prosecutors said. More »

  • China foreign website malfunction drives home Internet woes
    China foreign website malfunction drives home Internet woes 7 hours ago

    BEIJING/SHANGHAI (Reuters) - Internet users in China were unable to use a number of popular foreign websites on Monday, the latest in a series of challenges businesses and individuals have faced going online in the world's second-largest economy. This is especially the case when attempting to access overseas online services, which are regularly plagued by disruptions and blockages.     Internet services operated by Facebook, Google Inc and Twitter Inc, to name a few, are unusable in China. More »

  • Kerry renews U.S. pledge to Japan security, including East China Sea islets 7 hours ago

    U.S. Secretary of State John Kerry told Japanese leaders on Monday that Washington's treaty commitments to Japan's security remain "iron-clad" and cover all territories under Tokyo's administration, including tiny islands in the East China Sea that China also claims. Kerry renewed the security pledge related to the islets, known as the Senkakus in Japan and the Diaoyus in China, at a New York news conference with Japan's foreign and defence ministers to unveil updated U.S.-Japan defence guidelines on the eve of Prime Minister Shinzo Abe's talks with President Barack Obama. The new guidelines for defence cooperation reflect Japan's willingness to take on a more robust international role at a time of growing Chinese power and rising concerns about nuclear-armed North Korea. It follows a Japanese Cabinet resolution last year reinterpreting Japan's pacifist post-World War Two constitution to allow the exercise of the right to "collective self-defence." At the news conference, Kerry made clear that Washington is ready to stick to its treaty obligations to come to Japan's defence, an effort to reassure the Japanese in its maritime dispute with China. More »

  • China has world's 2nd biggest wine-growing area: trade group
    China has world's 2nd biggest wine-growing area: trade group 10 hours ago

    Figures for 2014 showed China had 799,000 hectares (1.97 million acres) of land devoted to wine growing, compared with 1.02 million hectares for Spain More »

  • Japan military to take more assertive role
    Japan military to take more assertive role 11 hours ago

    The United States and Japan agreed new rules for defense cooperation on Monday that will give Tokyo's armed forces a more ambitious, global role amid concerns over China's rising influence. More »

  • Saudi Arabia ready to supply any additional China oil demand - SPA 12 hours ago

    KHOBAR, Saudi Arabia (Reuters) - Saudi Arabia's Oil Minister Ali al-Naimi told officials in Beijing the kingdom was ready to supply China with additional oil if required, the Saudi Press Agency said on Monday. Naimi met with the head of China's National Energy Commission, SPA said. (Reporting by Reem Shamseddine; Editing by Dale Hudson) More »

  • ASEAN warns sea reclamation 'may undermine peace'
    ASEAN warns sea reclamation 'may undermine peace' 12 hours ago

    Reclamation work in the disputed South China Sea, where China has constructed an airstrip and other structures on coral reefs, threatens to "undermine peace, security and stability" in the region, Southeast Asian leaders warned Monday. More »

  • China plans mergers to cut number of big state firms to 40 - state media
    China plans mergers to cut number of big state firms to 40 - state media 12 hours ago

    China will likely cut the number of its central government-owned conglomerates to 40 through a series of mergers, as Beijing pushes forward a plan to overhaul the country's underperforming state sector, state media reported on Monday. Currently, the central government owns 112 conglomerates, including 277 public firms listed on the Shanghai or Shenzhen stock exchanges with a market capitalisation of more than 10 trillion yuan (£1.06 trillion), according to the official newspaper Economic Information Daily. "Resources will be increasingly concentrated on large enterprises to avoid cut-throat competition, like what CSR Corp Ltd and China CNR Corp Ltd did when competing against each other for projects overseas," the paper said. Stocks jumped to fresh seven-year highs on the report, led by heavyweights such as China Petroleum & Chemical Corp and PetroChina Co Ltd . More »

  • GM of China's largest oil refiner under investigation 13 hours ago

    BEIJING (AP) — The general manager of China's largest oil refiner, Sinopec, has been placed under criminal investigation amid an ongoing crackdown on corruption. More »

  • For Hong Kong regulator, HSBC presents major challenges
    For Hong Kong regulator, HSBC presents major challenges 14 hours ago

    By Michelle Price and Lawrence White HONG KONG (Reuters) - A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city's banking watchdog, regulatory experts said. The Hong Kong Monetary Authority (HKMA) is regarded as one of Asia's leading regulators and has experience with subsidiaries and branches of large banks. HSBC's $2.6 trillion balance sheet is nearly eight times the size of Hong Kong's economic output. So the HKMA would have to scale up its regulatory operations, analysts and regulatory experts said. More »

  • Saving the World's Only Freshwater Porpoise
    Saving the World's Only Freshwater Porpoise 15 hours ago

    We meet Chinese conservationists working to protect the world's only freshwater porpoise from extinction. More »

  • China maritime tensions dominate Southeast Asia summit
    China maritime tensions dominate Southeast Asia summit 15 hours ago

    By Manuel Mogato and Praveen Menon KUALA LUMPUR (Reuters) - Southeast Asian leaders edged closer to open criticism of China's land reclamation in the disputed South China Sea at a regional summit on Monday, as the Philippines drew the ire of Beijing which called its objections to the work "unreasonable". The Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur, which was supposed to showcase the 10-member bloc's progress towards economic integration, was overshadowed by the long-running maritime territorial dispute. ASEAN's renowned "consensus" approach has been tested over the South China Sea, with several members including host Malaysia reluctant to antagonise China, but diplomatic sources said Kuala Lumpur would eventually give in to pressure from some neighbours and address the reclamation issue at the meeting. A statement to be issued after the closing ceremony later on Monday will say that reclamations have "eroded trust and confidence and may undermine peace, security and stability in the South China Sea", according to a draft seen by Reuters. More »

  • LME moves to cut warehouse queues faster
    LME moves to cut warehouse queues faster 15 hours ago

    By Pratima Desai LONDON (Reuters) - New measures to increase the amount of metal withdrawn from warehouses, relative to material brought in, will help to reduce queues faster at London Metal Exchange (LME) registered warehouses, the exchange said on Monday. The LME, the world's oldest and biggest market for industrial metals which is now owned by Hong Kong Exchanges and Clearing Ltd , oversees warehouses where companies that buy metals on its futures market can take delivery of quality-assured supplies if needed. Big banks and traders that own or owned warehouses and charge rent have profited from letting long queues build up. More »

  • Nam Tai posts 1Q loss 15 hours ago

    On a per-share basis, the Shenzhen, China-based company said it had a loss of less than 1 cent. The land developer posted revenue of $823,000 in the period. The company's shares closed at $4.22. A year ... More »

  • Germany attracted record foreign investment in 2014 - study 16 hours ago

    By Rene Wagner BERLIN (Reuters) - Germany attracted a record 3.2 billion euros (2 billion pounds) in foreign investment last year, as the number of new investors reached an all-time high thanks largely to growing interest from China, the trade and investment agency said. Foreign investors launched 1,199 new projects in the country in 2014, up a fifth from a year earlier, and the value of projects rose by 18.5 percent from 2.7 billion euros in 2013, according to the report by Germany Trade & Invest (GTAI), a government institution. Foreign investment also created at least 16,000 jobs in Europe's biggest economy last year, GTAI said. "Germany is the safe haven in Europe and is one of the fastest-growing industrial countries," GTAI director Achim Hartig told Reuters on Monday. More »

  • Malaysia: ASEAN to avoid confronting China in S. China Sea
    Malaysia: ASEAN to avoid confronting China in S. China Sea 16 hours ago

    KUALA LUMPUR, Malaysia (AP) — Malaysia's leader said Monday that Southeast Asian countries will avoid direct confrontation with China but push for a quick conclusion to a binding code of conduct to govern behavior in the disputed waters of the South China Sea. More »

  • China up, Europe down after Wall Street gains 16 hours ago

    China's stock benchmark rose Monday while ones in Japan and Europe fell as investors looked ahead to Apple results and this week's U.S. Federal Reserve meeting. KEEPING SCORE: In early trading, France's ... More »

  • Sohu.com reports 1Q loss 17 hours ago

    The Beijing-based company said it had a loss of 81 cents per share. Losses, adjusted for stock option expense, were 66 cents per share. The operator of a popular Chinese Web portal posted revenue of $455.3 ... More »

  • Factbox - Malaysia's former world number one Lee Chong Wei 17 hours ago

    (Reuters) - Factbox on badminton player Lee Chong Wei, who was handed a backdated eight-month ban on Monday after failing a dope test: EARLY DAYS Born on Oct 21, 1982 in Bagan Serai, Perak, Lee was a 10-year-old student when he started playing badminton. Lee grew up admiring former world number one Sun Jun of China. Lee has been a member of Malaysia's national team since 1999. CAREER Lee won silver medals at 2008 Beijing and 2012 London Olympics -- going down to Lin Dan in both finals. More »

  • Deutsche Bank considers alternatives to Postbank IPO - CFO 18 hours ago

    Deutsche Bank will consider alternatives to an initial public offering when divesting its retail Postbank business, Chief Financial Officer Stefan Krause said. An IPO is seen as the safer path and potential proceeds are not the main driver for an exit of the business Deutsche Bank bought only seven years ago. "The big benefit from the Postbank (divestment) does not come from the sales price, the big benefit comes from the RWA (risk-weighted assets) release," Krause said. Deutsche Bank declined to comment on the status of its stake in China's Hua Xia Bank , but Chief Executive Anshu Jain said that the bank remains committed to China. More »

  • Eight arrested as Hong Kong police pepper spray protesters
    Eight arrested as Hong Kong police pepper spray protesters 20 hours ago

    Eight people were arrested in Hong Kong late Sunday after scuffles broke out between police and demonstrators during a pro-democracy protest, as tensions rise following the launch of a controversial election roadmap. More »

  • ASEAN draft statement says South China Sea land reclamation risks security 20 hours ago

    By Manuel Mogato and Praveen Menon KUALA LUMPUR (Reuters) - ASEAN host Malaysia is set to give in to pressure from some neighbours and address the sensitive issue of land reclamations in the South China Sea with a draft summit statement saying such action may undermine peace, security and stability. The statement to be issued after the closing ceremony of the Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur on Monday will raise the "serious concerns" of some leaders over the land reclamations, according to the draft statement seen by Reuters. The statement says that reclamations have "eroded trust and confidence and may undermine peace, security and stability in the South China Sea". "We reaffirmed the importance of maintaining peace, stability, security and freedom of navigation in and over-flight over the South China Sea," it said. More »

  • China investigates three senior army officers suspected of graft 22 hours ago

    China's military has confirmed that three more senior officers are under investigation for suspected corruption, as the world's largest army deepens its probe into deep-seated graft. Weeding out corruption in the military is a top goal of President Xi Jinping, chairman of the Central Military Commission, which controls China's 2.3 million-strong armed forces. In a statement issued late on Sunday, the Defence Ministry named the three as Zhan Guoqiao, former head of logistics in the Lanzhou military region, Dong Mingxian, former head of logistics in the Beijing military region, and Zhan Jun, former deputy military commander in the central province of Hubei. More »

  • China central bank economist says no need for strong stimulus - People's … 22 hours ago

    China's employment situation is good and progress has been made in structural adjustments, so there is no need for strong stimulus for the economy despite downward pressure, the central bank's top economist said. "The central bank's recent lowering of rates and reserve requirements was mainly to prevent passive tightening of monetary policy and to maintain a neutral or steady monetary policy," the People's Daily newspaper quoted Ma Jun, chief economist of the People's Bank of China, on Monday as saying. More »

  • China March industrial profits fall 0.4 percent, down 2.7 percent in first- …
    China March industrial profits fall 0.4 percent, down 2.7 percent in first- … 23 hours ago

    Profits earned by Chinese industrial firms fell 0.4 percent in March from a year earlier to 508.61 billion yuan (54.01 billion pounds), the National Bureau of Statistics said on Monday. "Despite the narrowed decline in profits, the operational situation of industrial enterprises remained grave," He Ping, an official at the bureau said in a statement, adding that sluggish demand and falling product prices have pressured earnings. The NBS attributed the narrower decline in profits last month to a deeper fall in raw material prices and lower financing costs cost after the central bank cut interest rates. Prices of raw materials fell 5.7 percent from a year earlier in March, 0.2 percentage point more than in the first two months of this year, helping profit margins, the bureau said. More »