SHANGHAI - China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan.
CHASHAN China - Production has been indefinitely halted at a Chinese supplier to Samsung Electronics Co Ltd after the factory was suspected of using child workers.
SHANGHAI - Major Chinese banks have temporarily suspended a yuan remittance service after a state broadcaster accused the country's fourth biggest lender Bank of China (BOC) of allowing wealthy Chinese to launder money offshore through the scheme, the Wall Street Journal reported on Tuesday.
BEIJING - China's finance minister on Wednesday defended the country's currency interventions, saying it was difficult to take a hands-off approach when it came to the yuan, given an unsteady economy and abnormal capital inflows.
BEIJING/HONG KONG - China's quest to turn its yuan into a full-fledged global currency has hit a road-block as the planned roll-out of a worldwide payments superhighway looks certain to get delayed because of policy snags and technology challenges.
- As part of its efforts to turn yuan <CNY=CFXS> into a global currency, China is building a superhighway for worldwide renminbi payments. Below are key facts and a timeline concerning development of China's yuan (renminbi) payments system.
BEIJING - China and the United States will discuss the yuan's value as well as the impact of U.S. monetary policy at a meeting this week, Chinese Vice Finance Minister Zhu Guangyao said on Monday.
LONDON - A flurry of initiatives by China to open up its currency, stock and bond markets inside and outside the country has failed so far to allay international investor concerns about performance, accessibility and liquidity.
HONG KONG - Proposed purchases by China's Lenovo Group Ltd of IBM Corp's low-end server unit and Google Inc's Motorola Mobility business should be completed by year-end, Lenovo Chief Executive Officer Yang Yuanqing said on Wednesday.
SHANGHAI - Chinese gold processing firms have since 2012 used falsified gold transactions to borrow 94.4 billion yuan ($15.2 billion) from banks, the country's chief auditor said.
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