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China's central bank warns of 'Minsky moment' as economy powers ahead


BEIJING China's central bank chief on Thursday issued a stark warning about asset bubbles in the world's second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending and record bank lending. | Video

China central bank warns against 'Minsky Moment' due to excessive optimism

BEIJING China will fend off risks from excessive optimism that could lead to a "Minsky Moment", central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and household debt is rising too quickly.

Oct 19 2017

China September property sales drop for first time in over 2-1/2 years

BEIJING Property sales in China dropped for the first time in more than two-and-half years in September and housing starts slowed sharply, reinforcing expectations that robust growth in the world's second-largest economy is starting to cool.

Oct 19 2017

Volvo unveils Polestar model in China, looks to rival Tesla 3

SHANGHAI Volvo Cars and its Chinese parent have unveiled their first Polestar high performance electric car and pledged to invest 5 billion yuan ($760 million) in the brand, gearing up for intense competition to sell greener cars in the world's biggest auto market. | Video

Oct 17 2017

HNA Group to invest $7.6 billion in tourism, digital transformation

BEIJING Chinese aviation to financial services conglomerate HNA Group Co Ltd [HNAIRC.UL] will invest 50 billion yuan ($7.6 billion) to promote tourism and digital transformation, a senior company official said on Tuesday.

Oct 17 2017

Beijing proudly unveils mega-airport due to open in 2019

BEIJING China's capital unveiled the "shining example" of its 80 billion yuan (£9.1 billion) new airport on Monday, tipped to become one of the world's largest when it opens in October 2019 amid a massive infrastructure drive overseen by President Xi Jinping.

World, China Oct 16 2017

Chaos and hackers stalk investors on cryptocurrency exchanges

By Steve Stecklow, Alexandra Harney, Anna Irrera and Jemima Kelly

Sep 29 2017

Speed over safety? China's food delivery industry warned over accidents

BEIJING A scooter driver in a bright blue jacket on a food delivery run dashes across a busy intersection slick with rain, hits a turning car and is hurled along the tarmac in a video posted by Chinese police warning that couriers should slow down. | Video

Sep 28 2017

Alibaba takes control of logistics business, pledges $15 billion to expand network

HONG KONG/BEIJING Chinese e-commerce firm Alibaba Group has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive expansion plans overseas. | Video

Sep 26 2017

China jails former Tianjin mayor for 12 years over graft

BEIJING China on Monday jailed former Tianjin mayor Huang Xingguo for 12 years, after he took more than 40 million yuan ($6 million) in bribes to push through promotions and land approvals, a court in the northern province of Hebei said.

World, China Sep 25 2017

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