Yuan

Property, manufacturing woes help trim China's shadow banking

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SHANGHAI/BEIJING - A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

Property, manufacturing woes help trim China's shadow banking

SHANGHAI/BEIJING - A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

23 Nov 2014

China anti-graft watchdog finds gold, cash in official's home

BEIJING - China's anti-graft watchdog has discovered 37 kg (82 lbs) of gold, documents for 68 houses and 120 million yuan ($19.6 million) in cash in the home of a Communist Party official who is being investigated for corruption, state media said.

World, China 14 Nov 2014

Hong Kong to scrap daily yuan conversion limit to boost stock investment

HONG KONG - Hong Kong will scrap the daily 20,000 yuan ($3,264) conversion limit for residents from Monday when a landmark scheme to link the city's stock market with Shanghai is launched, facilitating investment flows into China's stock market.

12 Nov 2014

Chinese, Canadian central banks agree to 200 bln yuan currency swap

BEIJING - The central banks of China and Canada have agreed to a currency swap worth 200 billion yuan ($32.67 billion) or C$30 billion, according to a Canadian government statement issued at a meeting of Asia Pacific nations on Saturday.

World, China 09 Nov 2014

China's farm smuggling crackdown uncovers $1.16 billion in lost tax

BEIJING - China's crackdown on agricultural smuggling has uncovered 487 cases with a tax evasion value of 7.1 billion yuan ($1.16 billion), a rise of 71 percent in the past year, said the central government in a report on its website (www.gov.cn).

World, China 03 Nov 2014

Wanted: 500,000 pilots for China aviation gold rush

BEIJING - China's national civil aviation authority says the country will need to train about half a million civilian pilots by 2035, up from just a few thousand now, as wannabe flyers chase dreams of landing lucrative jobs at new air service operators.

China to offer $82 million in fourth round of Ebola aid

BEIJING - China said on Friday it would donate 500 million yuan ($82 million) to Liberia, Sierra Leone and Guinea to battle Ebola, its largest round of aid to help contain the spread of the deadly virus.

U.S., Health, China, Africa 24 Oct 2014

China lets foreign institutions invest more in its markets in third quarter

BEIJING - China boosted the quotas it gives foreign institutions to invest in domestic securities by the largest amount in the third quarter since the final quarter of 2012 and regulators may also raise the limit on a parallel yuan-denominated program.

26 Sep 2014

China hands drugmaker GSK record $489 million fine for paying bribes

SHANGHAI/LONDON - China fined GlaxoSmithKline Plc a record 3 billion yuan ($489 million) on Friday for paying bribes to doctors to use its drugs, underlining the risks of doing business there while also ending a damaging chapter for the British drugmaker.

19 Sep 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