Yuan

'Dama' queens: China investigates 'auntie demolition team'

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.

Car makers pay to keep Chinese dealers happy as market slows

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.

08 Jan 2015

China fourth-quarter GDP growth may slow to 7.2 percent, weakest since first quarter 2009

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.

07 Jan 2015

Executives at parent firm of Credit Suisse's China partner summoned in probe

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.

BMW's China dealers say company agrees to pay $820 million subsidy

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.

05 Jan 2015

Xiaomi revenue doubled to $12 billion in 2014: CEO microblog

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.

Tech, Media 04 Jan 2015

Parents of wrongfully executed teen in China to get $330,000

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.

30 Dec 2014

China's November industrial profits suffer sharpest fall in 27 months

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.

27 Dec 2014

Special Report: Fear and retribution in Xi's corruption purge

HONG KONG/BEIJING - Chen Zhenggao, a member of the Communist Party's elite Central Committee, clearly has enemies. | Video

Special Reports, World 23 Dec 2014

Alibaba spent $161 million fighting fakes since 2013

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.

China, Tech 23 Dec 2014

The yuan charge

Participants wait to perform a dragon dance during a mass fitness programme outside the National Stadium, also known as the Bird's Nest, in Beijing June 20, 2009.

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