HONG KONG China's tech industry giants are sloughing hundreds of millions of dollars into what they're betting will be the country's next big internet craze - 'Uber for bikes'.
(This October 19 story makes clear in paragraph 3 that Xu is head of Bank of China in New York)
BEIJING A former senior Chinese energy official found to have more than 200 million yuan ($29.99 million) in cash at his home has been given a suspended death penalty after being found guilty of corruption, state news agency Xinhua said on Monday.
TAIPEI Taiwan's government has ordered the island's serving finance minister, his predecessor and four former regulators be investigated to find out whether they bear responsibility for a breach of anti-money laundering rules at the New York branch of state-run Mega Financial Holding's banking arm. According to a cabinet statement late on Monday, finance minister Sheu Yu-jer and ex-finance minister Chang Sheng-ford will be investigated by Taiwan's Control Yuan,
BEIJING A flurry of data from China in coming weeks is expected to point to modest improvement in the economy in the third quarter as a government infrastructure spree and a housing boom boosts demand from steel and glass to furniture and appliances.
BEIJING China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power. | Video
SHANGHAI Market watchdogs in Shanghai have fined fast-food chain supplier Shanghai Husi Food Co and its U.S. parent OSI Group [OSIGP.UL] more than 24 million yuan ($3.6 million) for making and selling sub-standard products in a meat scandal two years ago, the Shanghai Daily reported on Monday.
SHANGHAI Dalian Wanda Group, the Chinese entertainment giant owned by the country's richest man, opened the first phase of a sprawling 34 billion yuan ($5.1 billion) tourism park in the eastern city of Hefei on Saturday.
Exclusive: Provincial boss ordered crackdown on China's 'democracy village' with eye on national power
WUKAN, China/BEIJING This month's crackdown on protests in China's Wukan village was ordered by the provincial leader under pressure to prove his mettle ahead of a pivotal Communist Party congress next year where he could reach the top table of power in China, sources close to the leadership say.
BEIJING A Chinese court on Thursday jailed a prominent civil rights lawyer for 12 years on fraud charges, his lawyer said, a punishment rights advocates called retaliation for his defense of high-profile clients who had challenged the government.
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