BEIJING - Chinese police are investigating reports that middle-aged women were paid 200 yuan ($32) each to demolish homes for a new development, a government official said on Thursday, sparking anger about one of the country's most common causes of unrest.
SHANGHAI/FRANKFURT - After years of outsized growth that turned China into the world's biggest car market, a slowdown is exacerbating tensions between global automakers and local car dealers, with smaller margins leading to tougher negotiations over sharing profits.
BEIJING - China's annual economic growth likely slowed to 7.2 percent in the fourth quarter, the weakest since the depths of the global crisis, a Reuters poll showed, which would keep pressure on policymakers to head off a sharper slowdown this year.
SHANGHAI - The parent of Founder Securities, Credit Suisse AG's brokerage venture partner in China, said four of its executives were ordered to cooperate with an official investigation, stirring concerns as a dispute heats up with a major shareholder.
SHANGHAI/FRANKFURT - BMW will pay 5.1 billion yuan ($820 million) to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.
SHANGHAI - Fast-growing Chinese tech firm Xiaomi Technology Ltd Co [XTC.UL] booked 74.3 billion yuan ($11.97 billion) in pre-tax sales last year, up 135 percent from 2013, the firm's chief executive Lei Jun said on his official microblog account on Sunday.
BEIJING - The parents of a Chinese teenager executed 18 years ago for the rape and murder of a woman he did not commit will get 2.05 million yuan ($330,491) in compensation, a court and his father said on Wednesday.
SHANGHAI - Chinese industrial profits dropped 4.2 percent in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half.
HONG KONG/BEIJING - Chen Zhenggao, a member of the Communist Party's elite Central Committee, clearly has enemies. | Video
BEIJING - China's Alibaba Group Holding Ltd, the world's largest e-commerce company, spent over 1 billion yuan ($160.7 million) combating fake goods and for improving customer protection from the beginning of 2013 to the end of November, the firm said Tuesday.
The yuan charge
The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains. Document