LONDON - Drugmaker GlaxoSmithKline , which was fined 3 billion yuan ($479 million) in China last year for bribery, is dismissing 110 employees in the country for misconduct, people familiar with the matter said on Friday.
BEIJING - China will boost its military spending by 10.1 percent this year to 886.9 billion yuan ($141.45 billion) as it cranks up its development of high-tech weapons systems, the government announced on Thursday.
BEIJING - A Chinese court on Wednesday sentenced an 81-year-old writer to jail on a charge of illegal business after he criticized the ruling Communist Party's propaganda chief in online essays, but the sentence was suspended, his lawyer said.
BEIJING - A court in China's southern city of Fuzhou ordered compensation of 1.14 million yuan ($182,000) to a former death row prisoner who was acquitted on charges of poisoning two children, state media said on Tuesday.
BEIJING - China's outstanding total social financing (TSF), a broad measure of liquidity in the economy, rose to 122.86 trillion yuan ($19.7 trillion) at the end of 2014, up 14.3 percent from a year earlier, the central bank said on Tuesday.
SHANGHAI - A Chinese court jailed the former vice president of Agricultural Bank of China Ltd for life for accepting more than 30 million yuan ($4.80 million) in bribes, including works of art and gold bars, the latest casualty in an anti-corruption drive that is now targeting the finance sector.
BEIJING - Lenovo Group Ltd, the world's leading PC maker, said on Tuesday its third-quarter revenue rose 31 percent to $14.1 billion, beating investor expectations, as its mobile division sales more than doubled following its acquisition of Motorola.
BEIJING - Authorities in China's Tibet will offer rewards up to 300,000 yuan ($48,000) for tips on "violent terror attacks", state media reported, in an effort to "promote stability" in the region beset by ethnic tensions.
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.
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